Dive into Summit County’s Residential Real Estate trends in Breckenridge, Frisco, Silverthorne, Dillon, Keystone, and Copper Mountain. Uncover shifts in prices, sales, and market dynamics for a vivid portrayal.
Breckenridge
In Breckenridge, during 2023, the real estate market experienced a modest adjustment, with the average sold price declining by 3% to $1,638,907. This year saw a 7% reduction in the volume of properties sold, totaling 401, alongside an elongated average market duration, increasing by 23 days to 58 days. The list-to-sold price ratio remained robust at 97%.
Frisco
The market dynamics shifted slightly in Frisco. The average sold price decreased by 6% to $1,184,986, yet the total properties sold saw an upturn, growing by 7% to 142. Properties in Frisco spent an average of 20 days on the market, with the list-to-sold price ratio reaching 98%.
Silverthorne
The real estate market in Silverthorne also demonstrated a mixed performance. The average sold price dipped by 5% to $1,256,502, but there was a 9% increase in sales volume, rising to 335 properties. The market’s pace slowed, with properties staying 16 days longer on average, totaling 42 days, and the list-to-sold price ratio was a strong 99%.
Dillon
Dillon‘s market trend contrasted with its neighboring towns, exhibiting a 3% rise in the average sold price to $932,954 and a 9% growth in sales volume, reaching 146 properties. The average time on market extended slightly, increasing by 6 days to 25 days, and the list-to-sold price ratio stood at 98%.
Keystone
In Keystone, the market saw a significant surge in the average sold price by 16% to $1,168,268, although this was accompanied by a substantial 37% decline in sales volume, down to 151 properties. The average time on market also lengthened by 34 days to 53 days, with a list-to-sold price ratio of 97%.
Copper Mountain
Conversely, Copper Mountain‘s market experienced a downturn, with a 3% reduction in the average sold price to $1,045,530 and a 15% decrease in total properties sold, totaling 51. The average time on market increased by 21 days to 38 days, with the list-to-sold price ratio at 98%.
Summit County
These statistics reveal diverse trends in the real estate market across these towns, with some experiencing price decreases and others witnessing increases. There were also varied changes in the number of properties sold and the average time on the market, reflecting the dynamic nature of real estate in these areas.
