Learn more about the newer and older homes’ 2023 year end real estate trends in Summit County, Breckenridge, Frisco, Silverthorne, Dillon, and Keystone.
This data indicates a varied performance in the single-family home market in Summit County across different construction periods. While newer homes (built 2018-2023) saw a slight increase in average sold price and number of sales, older homes (built 2017 and earlier) experienced a decrease in both metrics. Overall, the market experienced a small decrease in average sold price and a significant decrease in total sales. The data also suggests that newer homes tended to sell for a price closer to or above their listing price than older homes.
There is a significant increase in the average sold price for all homes combined in Breckenridge from 2022 to 2023, driven primarily by a substantial increase in the average sold price for homes built before 2018. However, there was a noticeable decrease in the number of properties sold overall, with older homes showing a larger decrease in sales than newer homes. The sale price as a percentage of the list price remained relatively stable across both categories.
The Silverthorne home market is diverse across different construction periods. While newer homes (built 2018-2023) saw an increase in average sold price and maintained their sales volume, older homes (built 2017 and earlier) experienced a decrease in both average sold price and number of sales. The data also suggests that newer homes tended to sell for a price equal to or above their listing price compared to older homes.
There is a notable increase in the average sold price of homes in the Frisco market in 2023 compared to 2022, despite a significant decrease in the number of properties sold. This suggests a potential increase in demand or a decrease in supply, leading to higher prices even as fewer homes are sold. The average days on the market indicate a moderate selling pace, and the percent of list to sold price suggests that homes generally sold close to their listed prices.
The Dillon single-family home market in 2023 experienced a notable increase in both the average sold price and the total number of homes sold compared to 2022. The average sold price increase and a substantial rise in sales volume suggest a robust demand in the Dillon housing market. Additionally, homes sold relatively quickly, with an average of 32 days on the market, and close to their listing prices, indicating a strong and competitive market environment.
These statistics suggest a stable average selling price with a very slight increase in 2023 compared to 2022. However, there was a substantial increase in the number of homes sold, indicating a higher demand or more transactions in the Keystone market in 2023. The average days on the market were relatively high, suggesting a slower selling pace. Homes generally sold close to their listed prices, indicating a fairly balanced market dynamic between buyers and sellers.