Summit County Real Estate Report for July 2018

Inventory is starting to increase, sales are down 6% and prices are up 8%. In addition, the average days on the market is historically low at 51 and the average percentage of list price to sold price is representative of a very strong market at 98%.

Condominium Sales: Countywide, total home sales are down about 13% while the average sold price for a condo is up 15%. Some towns are seeing condo prices rise in strong double-digit numbers, including Silverthorne at +25% and Dillon at +39%! The average days on the market for a condo in Summit County is 29 and the average percentage of list price to sold price is 99%!

Home Sales: The number of homes sold in Summit County as a whole is up. Silverthorne home sales are up 60% and home sales in Frisco are up 85%, although home sales in Breckenridge are down 17%. However, home prices are down a bit throughout the county with Breckenridge, Silverthorne and Keystone showing decreases, while prices have risen in Frisco and Dillon. 

Ski right on to your massive slope side deck. This is the first ground floor Tyra Summit I to hit the market in 5 years. Completely remodeled, new kitchen, baths, appliances, carpet, paint, trim, doors, fireplace, lighting and furnishings. Tyra offers ski in/ski out access, walk to town, plenty of storage, underground parking, indoor pool, indoor hot tub and outdoor hot tub right on the ski run. The large open floor plan, beautiful remodel and incredible location will surely please the entire family. For an in-person tour, contact me at kelli@kellisells.com or 970-390-9311 

283 Pelican Circle    $495,000

Incredibly well kept 2 bed, 2 bath condo with an outstanding open floor plan, on the ground level with an attached garage. The Colorado Trail is right outside your door! This spacious end unit has a large private patio, gas fireplace, W/D and is only minutes from downtown Breckenridge, the golf course and the Swan River. The property has on site hot tubs and is on the bus route. Large kitchen with tons of cabinets, counter space and breakfast bar. Great for locals or investors.

To make your home's appearance from the street as appealing as possible, make sure your landscaping is well manicured and maintained. Planting environmentally appropriate flowers, shrubs and trees can help increase your property value when it comes time to sell.

Avoid planting invasive species. Some such species, like bamboo, grow quickly and actually push out native plants, damaging the area's biodiversity and causing landscape headaches for your potential buyers.

Another no-no is planting too much and too close together. When too many trees and plants are crammed together, the greenery doesn't have enough space to grow bigger, stronger, or healthier. While aesthetically this may look good for the first few years, the plants will eventually mature and fight each other for light and nutrients. So, unless you want a property covered in dead leaves and branches, it's best to plant less. Trees planted too close to the home may, over time, start to uproot the foundation.

A professional landscape architect can help plan your green space and choose plants that will both thrive in your environment and enhance your home’s value. 

How has the price of your home changed in today’s market? How much are other homes in your neighborhood selling for?

If you’re wondering about prices in your area, or thinking of selling your home, I can help.

Just call my office at 800-289-7005 or email me at kelli@kellisells.com for a professional price analysis. There is absolutely no obligation.

I’ll give you honest feedback about the value of your home. And I’ll also give you the inside scoop on what’s happening in the housing market in Breckenridge, Dillon, Frisco, Silverthorne and Keystone.