| September Real Estate Update |
September Sales Skyrocket!: Skyrocket may even be an understatement as the number of sales increased by 70% in Summit County, and the average sold price jumped up 18% compared to September of 2019!
Average Sold Prices: In September, the average sold price for a residential property in Summit County was $1,012,000 (up 18% over September of 2019). The average sold price for sales from January through September is $899,000 (up 7% over 2019 for the same period).
Average Sold Price by Town (YTD 2020 vs 2019): Summit County $899,473 (+7%), Breckenridge $1,184,232 (+1%), Frisco $811,374 (+11%), Silverthorne $765,464 (+9%), Dillon $592,859 (+7%), Keystone $699,883 (+5%), Copper
Mountain $756,084 (+9%).
Number of Sales: Year to date, the total number of properties that have sold is up 8%. August and September sales turned the year-to-date sales in 2020 from a negative to a positive, and, due to a large number of properties under contract, October should continue that trend. In September, the number of condo sales surged upward by 69%, and the number of homes sales was up 77% compared to September 2019!
Number of Sales by Town (YTD 2020 vs 2019): Summit County 1330 (+8%), Breckenridge 489 (+15%), Frisco 137 (+4%), Silverthorne 357 (+29%), Dillon 122 (-23%), Keystone 172 (-13%), Copper Mountain 53 (+23%).
How much is that Home or Condo? So far, in 2020, the average sold price for a condo was $535,000 (up 6%) and the average sold price for a condo in September
was $585,000 (up 17% over September 2019). The single-family home average sold price in 2020 was $1,446,000 (up 3%), and the average sold price for a single-family home in September was $1,702,000 (up 19% over September 2019). |
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