SUMMIT COUNTY MARKET STATS August 2021

 

During the month of August Summit County saw 206 residential transactions totaling 257.2M in sales volume. Compared to August 2020, this is a decrease in transactions of 30%, but only a 5% decrease in volume. Year-to-date sale volume is still trending well ahead of this time a year ago, now at $1.48Billion. The luxury market of $1Million+ sales is also still trending ahead of 2020, now at 495 transactions for the year, up 82%. The highest sale in August was for $6,750,000 in the Gold Flake Subdivision in Breckenridge. Year-to-date land transactions are up 11%, with 107 closings so far in 2021.

The 3-month average sales price is now at $1,134,383 and the 3-month average price per square foot is at $678. The days on market 3-month average is down 64% compared to a year ago, now at 20 days. The 3-month average list vs sold price remains unchanged for the last 3 months sitting at 102%

As of September 7th, there were 230 active listings in Summit County, of which 196 were residential and 34 land. This is a 57% decrease in inventory compared to September 2020.

Data used in this write-up were collected from the MLS on 9/7/2021

Summit County Market Stats June 2021

 

SUMMIT COUNTY MARKET STATS 

June 2021 

 

 

As we head into Summer, Summit County Real Estate has continued to break records. During the month of June, we saw 204 residential transactions, totaling $217.8M in volume, a 76% increase in transactions and a 130% increase in volume compared to 2020. Land transactions are up 110% year-to-date, with 86 closings so far this year. The luxury market continues to expand with 69 properties closing for over a million dollars each, a 176% increase compared to a year ago. To cap off the month, Summit County saw the highest residential sale ever, with a $17,000,000 closing in Breckenridge.  

The 3-month average residential sales price has continued to climb since January and now sits at  $1,081,005. This is a 33% increase in average sales price compared to a year ago. The 3-month average price/square foot is now at $654, also up 33% compared to last year. With lower inventory levels and a competitive market, the average days on market continues to fall, now at 20 days for the 3-month average. Also a product of the competitive market, the residential list vs. sold price has been steadily climbing since last summer and is currently at 102%, this is an increase of 4% compared to a year ago. 

 

As of July 5th, there were 255 active listings in Summit County, of which 224 are residential and 31 are land. While this is a decrease in inventory of 70% compared to July 2020, it is an increase of 73% compared to the inventory low seen at the beginning of April 2021. 

 

 

 Data used in this write-up were collected from the MLS on 7/5/2021 

May Market Insider

 

SUMMIT COUNTY MARKET STATS February 2021

Even with record low inventory, Summit County real estate transactions have remained strong. During the month of February, we saw 114 residential transactions, totaling $121.1M in volume, a 28% increase in transactions and a 49% increase in volume compared to 2020. Land transactions were up 125%, with 18 closings during the past month.

The luxury market is also holding strong with 38 properties closing for over a million dollars, a 52% increase compared to a year ago. The highest sale was for a new construction single family home that sold for $4,999,000, located in the Shock Hill Subdivision in Breckenridge.

The average residential sales price has continued to climb and surpassed one million dollars in the month of February, now sitting at $1,061,863 for the month and $974,324 for the 3-month moving average. This is a 16% increase in average sales price compared to a year ago. The 3-month average price/square foot is now at $598, up 17% compared to last year. With limited inventory the average days on market continues to fall, now at 57 days for the 3-month average. The average residential list vs. sold price remained unchanged compared to January at 100%, this is an increase of 3% compared to a year ago.

As of March 3rd, there were 154 active listings in Summit County, of which 133 are residential and 21 are land. This is a decrease in inventory of 6% compared to a month ago and a 74% decrease compared to a year ago.

Data used in this write-up were collected from the MLS on 3/3/2021 

February Market Insider

 

January 2021 Monthly Market Statistics - Summit County

SUMMIT COUNTY MARKET STATS

January 2021

As we kickoff the New Year in Summit County we continue the trend of strong real estate numbers. In the first month of the year, we saw 109 residential transactions, totaling $101.44M in volume, a 35% increase in transactions and a 58% increase in volume compared to January of 2020. Land transactions were up 57% compared to a year ago with 11 closings during the past month.

The luxury market also continues to trend upward with 31 properties closed for over a million dollars, a 55% increase compared to a year ago. The highest sale was a Slifer Smith & Frampton listing that sold for $4,850,000, located in the Timber Trail Subdivision.

The 3-month average residential sales price continues to climb, now at $947,491, 17% higher than a year ago. The 3-month average price/square foot is now at $583, up 17% compared to last year. With limited inventory the average days on market continues to fall, sitting at 31 days for the month of January. The average residential list vs. sold price hit 100% in January.

As of February 3rd, there were 164 active listings in Summit County, of which 145 are residential and 19 are land. This is a decrease in inventory of 13% compared to a month ago and a 71% decrease compared to a year ago.

Data used in this write-up were collected from the MLS on 2/3/2021

January Market Insider