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November Sales Continued an Upward Trend: In August, sales were up 36%; in September they were up 73%; in October they were up 77%; and in November they were up 37%! Year to date sales are up 21%.
Average Sold Prices in November Skyrocket: November's average sold price for residential properties in Summit County rose by 35% over November 2019 following an August increase of 3%, a September increase of 17%, and an October increase of 21%.
The average sold price for Summit County: Year to Date is $905,000.
Single Family Home Sales: Home sales are up 22%, with an average sold price increase of 11%. So far, in 2020, the average home sold price is $1,507,048.
Condominium Sales: Condo sales are up 15%, with an average sold price increase of 8%. So far, in 2020, the average condo sold price is $544,020.
Inventory: The current inventory of properties for sale continues to decrease and is now at record-setting low levels. In December of 2019, the county had a low inventory of properties for sale; comparing December 1, 2020, to December 2, 2019, there's a decline of 64% of available properties.
Interesting: The average percent of list-to-sold price in the county is 98.3%. The lowest percent of list to sold in the county is in Copper Mountain at 97% and the highest is in Silverthorne at 99%.
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