Summer is in full swing here in Summit County, and so is the real estate market. If you’ve been thinking about buying or selling, now is a great time to take a closer look at what’s happening.
More Homes to Choose From
Inventory is on the rise — up 28% compared to this time last year and even higher than 2019 levels. With nearly 900 active listings currently on the market, buyers now have more choices than they’ve seen in over six years.
Sales Are Picking Up
June saw a 15% increase in sales compared to last year, even as the average sold price dipped by 4%. When you factor in May, the year-to-date sales are up 7%, and average prices have still managed to inch up 2% overall.
What’s Selling (and for How Much)
- Single-family homes are seeing strong activity, with sales up 24%. Prices have dipped slightly by 2%, which may offer some opportunity for buyers.
- Condos are holding steady, with no change in the number of sales compared to last year. Their average sold price is up just 1%.
- Townhomes are nearly flat in terms of sales, with just one fewer closing than last year, but prices have risen by 4%.
What This Means for You
Whether you’re buying or selling, this market offers something worth considering. Buyers have more options than they’ve had in years, and sellers are still seeing strong values in most segments of the market.
Have questions about how this impacts your real estate goals? I’m happy to help you navigate your next move in Summit County.
Single Family Home Stats: Interesting Chart above, and probably not what most might think. A three percent gain on the average sold price in the county for single-family homes isn’t a lot and a far cry from the COVID-induced real estate market that is no longer here.
Keystone only had seven homes sell this year and last. This year, Keystone had a legacy home sell for over $7 million, which helped boost this year’s average price. Frisco had about five sales last year and many more this year for less money (interesting).
It helps to know the market and the minute details when pricing today – and pricing is the most critical task in getting a property shown, offers, and sold.
Condominium Stats: The below condominium chart is also unexpected. A lot of adjusting is going on, isn’t there?
Yet, here are some interesting details. In Silverthorne last year, a significant amount of new construction closed. If one were to exclude that new construction, the average sold price would be up 8% rather than down 14%, with sales up 7% rather than down 49%. Keystone had a large number of new construction close this year, and if one took that out, the average sold price would be down 3% rather than up 5%, and the number of sales would be up 7% rather than up 65%.
Showings July 1 – 10: Pretty close with a few more showings last year and fewer showings needed before going under contract – you need 15 this July. With a caveat that although showings are close, there are around 30% more listings this year than last, further diluting the showings.
With the increase in competition (more listings) and a sales market that is virtually the same as last year, buyers are getting a helping hand they haven’t had in over 6 years. Sellers may have missed their peak opportunity and may be reluctant to price their property effectively, but (pricing effectively) is the best thing one can do in a market like we have today.
Statistics By Town
Click on the links below to see statistics for each of our towns within Summit County.
Source: Sold Data from SAR MLS. Stats pulled on 7/7/25. *SAR MLS Data Year to Date Sales 1/1/25-6/30/25. *Residential Sales. Change is Year over Year 2025 vs 2024.
**The information contained herein is based on information provided by others. Accordingly, we make no guarantee of its accuracy and suggest you make an independent inquiry of any matters you regard as important.