Blog Entries Tagged: market updates
Found 16 blog entries tagged as market updates.

2025 Property Valuations

2025 is a reappraisal year. Assessors statewide are required by law to revalue all real estate in their respective counties as of a specific appraisal date.

Your Right to Appeal

If you disagree with the value that your property was assessed at, you may appeal your property's valuation to the Assessor starting May 1st to June 8th. Your appeal must be postmarked, emailed, faxed, online filed, or delivered in person on or before June 8, 2025.

How to Appeal Your New Assessed Property Tax Value

You can go to https://summitcountyco.gov/118/Real-Property-Valuation where you can look at the characteristics under the Notices of Valuation link and Parcel Query link and also the comps they used to determine the current value.

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Luxury New Construction Homes in Summit County

Introducing The Overlook at Summit Sky Ranch, an exclusive new development of just 17 thoughtfully designed homes built on over 340 acres, providing buyers with a seamless path to mountain living. With limited land still available in Summit County, The Overlook offers the opportunity to own a brand-new, luxury mountain home without the hassle of managing a custom, ground-up build. These high-end, move-in-ready residences feature exceptional architecture, a wide selection of premium finishes, and access to world-class amenities.

The Perfect Summit County Location

Find the perfect balance of mountain seclusion and year-round accessibility in Silverthorne. Each home is surrounded by 280 acres of…

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Summit County Real Estate: A Beacon of Stability in an Uncertain Market

Despite the recent tariffs from the Trump Administration introducing fresh volatility to the equity markets, Summit County real estate continues to stand out as a source of stability and long-term opportunity. While we’re currently seeing rising inventory levels and more selective buyer behavior, our local market remains healthy — and savvy investors are taking notice.

Inventory Is Up — Opportunity Is Knocking

Inventory across Summit County has increased significantly year-over-year, giving buyers more options than they've had in years. But despite the upward trend, supply levels are still within historical norms — a sign of balance, not oversupply.

Breckenridge –…

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2024 Summit County Real Estate Market Report

The 2024 Summit County real estate market is currently experiencing two contrasting markets. In one market, Breckenridge is facing record-low inventory levels and unprecedented demand for luxury homes.  The other, broader Summit County market is seeing a different story playout, with rising inventory levels and slowing demand, particularly for properties that appeal to buyers who require financing.

This dual-market dynamic highlights the need to understand each segment's unique characteristics to navigate today's real estate landscape successfully.

Breckenridge: Luxury Market on the Rise

Breckenridge continues to see a boom in luxury home sales, driven by cash buyers looking to diversify their…

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The Appeal of Summit County's Luxury Market

Summit County has long captured the attention of luxury buyers seeking a mountain retreat with the convenience of proximity to Denver, breathtaking scenery, world-class skiing, and year-round recreation. Over the past year, we’ve watched both the demand for high-end properties and in return, the addition of new luxury developments, surge. From Breckenridge to Keystone, current trends in the luxury market reveal an emphasis on modern design, open-concept layouts, and easy access to outdoor activities, making Summit County a premier destination for buyers looking to invest in an elevated mountain lifestyle.

What Luxury Buyers Are Looking for Right Now

Modern Mountain Architecture and Design

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Buying Behavior Shifts as Q3 Ends

Summit County, CO Real Estate Market Performance Q3 2024

The real estate market in Summit County is continuing to normalize toward pre-COVID levels, as we see an emerging re-balance between supply and demand. With an increase in available properties and a consistent stream of price reductions, many buyers are more patient than they have been since the 2016-2019 period.

While the number of properties on the market has increased, the number of units sold is trending back toward the record lows Summit County experienced during the post-recession era of 2009-2012. Yet, despite these shifts, property prices—except for vacant land—continue to reach all-time highs.

A Unique Market Trend: Higher Prices, Lower Demand

Economically, the combination of higher supply,…

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Breckenridge Market: Record Valuations Persist As Signs of Balance Develop

Breckenridge Real Estate Market Appreciation Stats 2024 Q2

The real estate market in Breckenridge continues to show strength, with most property types closing at record valuation levels. Yet indicators are suggesting a shift towards a more balanced market, with increasing inventory and decreasing buyer showings.

A Detailed Breakdown of the Breckenridge Market Performance:

Breckenridge Single Family Homes: Values are up by 16.59% year-to-date (YTD) compared to 2023, with an average sold price of $2,777,979. Properties are selling at 96% of the list price, averaging $791 per square foot (SF), and spending 72 days on the market (DOM).

Breckenridge Townhomes: The market has slightly leveled off, down by 1.82% YTD compared…

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Summit County's Newest Luxury Developments

Summit County is eager to welcome three exceptional new luxury property developments, each promising an unparalleled mountain living experience. These projects are set to redefine sophistication and convenience, offering residents top-tier amenities and stunning natural surroundings. Whether you're seeking the perfect retreat close to world-class ski resorts, a secluded sanctuary with expansive acreage, or a contemporary townhome with direct access to premier outdoor activities, Summit County's latest offerings have something for every luxury homebuyer.

Arrowleaf Townhomes

Arrowleaf Townhomes in Silverthorne, Colorado

Escape to the mountains for an adventure packed getaway whenever your passion calls. With easy access to I-70, Arrowleaf…

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Q1 Brings Positive Growth Across All Property Types

The first quarter of 2024 has seen an upward trend across all property types. The ongoing all-time high valuations in the equity markets, coupled with positive "soft landing" national news and historically low inventory levels have continued to drive growth in our resort market.

Impact by Property Type in Breckenridge:

Single Family Homes Up 15.83% YTD

The average sold price for Single-Family Homes has increased to $2,759,808, representing a 15.83% appreciation over 2023. This property type is selling on average at 95% of the list price, with an average price per square foot of $749, and an average days on market of 102.

Townhomes Up 14.08% YTD

Townhomes have seen a 14.08% increase…

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May Marks the Start of Listing Season

May is usually a quieter month in Summit County, as the resorts close for the season and families around the country are focused on the last month of the school year. While the town might slow down for the month, May marks the beginning of listing season here in the high country.

The first quarter of 2024 saw a strong increase in appreciation for all residential property types across the county, with the number of active listings trending towards more balanced 2017 – 2019 levels. With the number of days on market already starting to decrease as we move into listing season, it’s clear that the demand to own real estate in our resort market remains robust.

If you are considering listing your property this year,…

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