Summit County Real Estate Market Reports
It’s no surprise Breckenridge has a booming real estate market. For Economics 101, inventory was low, therefore making the demand high. To prove this theory, looking back into 2017, prices were up, averaging $930,000, a 6% increase from 2016. As seen in the graph below, the List to Sell ratio was at 98.5% with the average time being on the market was 45 days! In other words, it’s definitely a seller’s market this time around. However, this is not to scare off any buyers trying to find their paradise here in Summit County. With such competition, value is very important and sellers are having to get more creative with how they should market their property to set them apart from the rest. Whether remodeling the kitchen, installing new state of the art appliances, or gutting the entire home/condo, the quality is impeccable. Since the beginning of 2018, with the market being so aggressive in Breckenridge, we have noticed an increase in home sales in surrounding areas. For example, Dillon real estate has increased its sales by over 70% since January 2017. With many moving to the outskirts of Summit, the activities, concerts, markets, and sporting events have become more prominent in other places than Breckenridge.