Summertime is the peak of selling season. The end of September statistics help to provide a picture of how the real estate market performed this summer. Here is our monthly update on the real estate market in Breckenridge and Summit County.
BreckenridgeThe number of active listings are a great indicator as to how well the market is performing. This year, the inventory at the end of the summer was less than previous years. At the end of this summer, there were only 512 active residential properties in Breckenridge. For the same time in 2012, we still had 551 residential properties active. The sales price are also remaining stable, and in some cases, they have started to increase. The averages sales price has increased for condos and townhomes. Year-to-date, the average sales price is $441,564 compared to $405,535 in 2012. Also, the days on market has started to see dwindling numbers. In 2012, the days on market for a residential properties was 355 days. In 2013, the average days on market has decreased to 264 days.
Another great indicator on the real estate market is the number of properties sold. For the month of September 2013, the Breckenridge market had 33 single family homes sold, 38 condos sold, 2 duplexes sold, and 6 townhomes sold. Year-to-date, the residential market is showing positive signs and is 22.02% ahead of 2012 for number of properties sold. The condo market for 2013 is outperforming 2012 by 53.13%.
Summit CountyThe county as a whole, saw similar results. This year, the inventory in Summit County at the end of the summer was much less than previous years. There were only 1554 active residential properties this year. For the same time in 2012, we still had 1644 residential properties available. The days on market started to see dwindling numbers as well. In 2012, the days on market for a residential property in the county was 325 days. In 2013, the average days on market has dropped to 272 days.
Summit County also saw an increase in the number of residential properties sold for the month. For the month of September 2013, the Summit County market had 90 single family homes sold, 98 condos sold, 15 duplexes sold, and 26 townhomes sold. Year-to-date, the residential market is showing signs of recovery, about 19.65% ahead of 2012. The condo market in 2013 is outperforming 2012 by 40.69%.
Please contact us to learn about real estate opportunities in Breckenridge and Summit County, Colorado. 800.774.7970 or 970.453.2200. Click here for the latest news about Breckenridge Real Estate.