The 2023 Summit County condo market overview highlights the average sale price, sales volume, days on market and percent of list to sold price in Breckenridge, Frisco, Silverthorne, Dillon, Keystone, and Copper Mountain.
Summit County
Follow along for a comprehensive snapshot of the condominium market in Summit County for the year 2023. Key highlights include an average sold price of $799,055, a 2% increase from the previous year. Despite this increase in value, the market saw a 7% decrease in the number of sales, with 606 condominiums sold. The average time on the market for these properties was 41 days, and the sale prices generally achieved 98% of the initial listing prices. The report also features graphical trends from 2004 to 2023, providing a broader context of market fluctuations over the years.
Breckenridge
While there was an increase in the demand for condominiums in Breckenridge, as evidenced by the rise in sales volume, the slight decrease in average selling price could indicate a market adjustment or increased availability of lower-priced units. The high percentage of list to sold price demonstrates a strong market where properties sell near their asking prices.
Frisco
Frisco market had a substantial increase in sales volume. Despite the rise in sales, the decrease in average selling price might suggest a broader availability of lower-priced units or a slight adjustment in the market. The high percentage of list to sold price underscores a strong demand where properties are selling near their asking prices
Silverthorne
With newer properties (built 2018-2023), the Silverthorne condominium market is showing a significant increase in both price and sales volume, whereas older properties (built 2017 and prior) saw a slight decrease in price but a modest increase in sales volume. The high percentage of list to sold price across all property types indicates a strong market demand.
Dillon
A positive trend in the Dillon condominium market for 2023, with both a slight increase in sales volume and a notable increase in the average selling price, reflects a healthy demand and property value appreciation in the area.
Keystone
While there was a substantial decrease in the number of sales in Keystone, the average selling price of the properties that did sell increased. The high percentage of list to sold price demonstrates a continued demand for properties in Keystone, despite the overall reduction in sales volume.
Copper Mountain
Despite a reduction in the number of sales in Copper Mountain, the value of the sold properties increased significantly, as reflected in the 9% rise in the average sold price. The high percentage of list to sold price demonstrates a strong demand for properties in Copper Mountain, with properties generally selling near their asking price
