Summer is quickly flying by. The days are starting to get shorter and school will be starting again soon. The July statistics are starting to tickle in and the performance of the real estate market is maintaining when compared to the same time as 2013.
Year to date, the Breckenridge residential real estate market has seen an almost one percent increase in the total number of properties sold, 312 properties sold, compared to 2013, when 309 properties sold. Overall, July 2014 slightly outperformed July 2013, with 51 residential properties selling versus 45 residential properties selling, respectively. Last month, 20 single family homes, 7 duplex homes, 15 condos and 6 townhomes sold. Only the condo market saw a slight decline in the number of sold in July 2014 versus the previous year. In addition to the number of properties sold being similar to last year, the inventory continues to decline. There were only 518 active listings at the beginning of August 2014. If you are considering selling your mountain property this fall, your competition is much less than in the past.The Summit County residential real estate market has seen an almost a five percent increase in the total number of properties sold, year to date. At the end of July, there were 923 residential properties sold compared to 883 for the same time in 2013. For the month of July 2014, Summit County recorded 68 single family homes, 16 duplex homes, 75 condos, and 26 townhomes sold. Just like Breckenridge, Summit County’s active listings have dropped significantly. In 2012, there were over 1870 active listings at the beginning of August. This year, there were only 1618 active listings.
Whether buying or selling in Summit or Park County, let our local team of real estate experts go to work for you. Contact our local team to learn more about what's happening in Breckenridge, Summit County and Park County real estate, 800.774.7970 or 970.453.2200. Click here for the latest news about Breckenridge Real Estate.