The Market: The average sold price remains strong and is up about 11%. Sales are bit slower and are declining at about 8%. Properties are still at an average of 49 days on the market (in 2014 it was 140 days). The average percentage of list price to sold price is representative of a continued strong market at 98% (in 2014 it was 96%).

Condominium Sales: Countywide sales are down about 12% while the average sold price for a condo is up 15%. The average sold price for a condo in Summit County is $482,000 (in 2014 the average sold price was $327,000).

Home Sales: The number of homes sold in Summit County has slowed but is still up by about 1.5%. The average sold price for a home is up almost 3% and the average sold price for a home in Summit County is about $1.2 million (in 2014 it was $858,000).

Supply: Over the last month the supply has remained about the same with around a 2.5-year supply of $3,000,000+ priced properties; about a 1-year supply of $1,500,000 to $3,000,000 priced properties; close to a 6-month supply of $1,000,000 to $1,500,000 priced properties; a short 3-to-4 month supply of $500,000 to $1,000,000 properties and less than a 2-month supply of properties under $500,000.

Average Sold Price from 2014 to today is up 48%. See the graph below showing each year's average sold price for residential sales from January 1 through September 30 of this year

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.