Welcome to our March 2022 Summit and Park County Market Report!
This is only a small portion of our full March 2022 Summit and Park County Area Real Estate Market Report. The level of detail in the full report is representative of what you can expect from us as your Real Estate Agents. I hope we can provide the same amount of expertise and insight for you when you are looking to buy or sell in the Breckenridge area.
Some of you may have noticed that our Coldwell Banker Mountain Properties office on Main Street in Breckenridge was closed for the past few months as it was undergoing a complete renovation. We are happy to announce that the renovation will be finished in the next week and we will now be rebranded as a Coldwell Banker Global Luxury Brokerage Office. Next time you’re in town please be sure to stop by and get a tour of our new office.
To highlight the activity in Summit County, the number of sales and new listings were down in March and the median sales price for single-family homes was up over 38% as compared to March of 2021. Overall Inventory is lower than what we would like to see as the market is still moving quickly. We are seeing buyers that are well prepared and prequalified are able to get accepted offers on their mountain homes as soon as they come on the market. Hopefully, we will see additional listings come on the market as we head into the summer.
The Summit County real estate market for March 2022 vs March 2021 shows the following trends.
| Single Family Homes | Condominium/Townhomes | |
| Sold Listings: | -32.7% | -33.1% |
| Average Days on Market: | -19% | -74.6% |
| New Listings: | -11.1% | -14.9% |
| Median Sales Price: | +38.8% | +18.0% |
| Inventory of Homes: | -14.5% | -28.1% |
Park County homes saw an 11% increase in home sales and a 33% increase in the median price per square foot over the past 12 months and Park County land sales have seen a 4.2% increase in the past 12 months. Just in the past month, we have also seen a jump in the asking price for land in Park County. Likely this is a spillover effect from the shortage of land on the market in Summit County.
We are representing a number of new construction homes in Park County that will be available to move in between June and November. Just give us a call for more information.
If you are interested in pursuing a mountain home, now is a great time to meet with your lender to be prepared with a pre-approval to help you gain an advantage and succeed with your offer. If you are considering selling your mountain property, you can be certain that your home will be valued at a high level, and we would be happy to consult with you on developing a selling strategy for your
If you or a colleague are interested in exploring opportunities to invest in land, a second home, or an investment property, please feel free to contact Scott at 970-485-4065 or Anne at 608-345-2734.
How can we help you with your real estate needs?
This is only a small portion of our full March 2022 Summit and Park County Area Real Estate Market Report. The level of detail in the full report is representative of what you can expect from us as your Real Estate Agents. I hope we can provide the same amount of expertise and insight for you when you are looking to buy or sell in the Breckenridge area.
We strive to provide Superior Service and exceed client expectations. We would appreciate the opportunity to earn your business – or that of a colleague you think we could help.
Every month we produce this monthly report to provide you with a high-level overview by looking at the patterns and trends. We hope to help you make sense of the numbers so you can make an informed decision. If you see a segment of the market that you would like additional help with understanding please contact us. If you desire a specific Comparative Market Analysis report that we routinely prepare for our clients, please contact us.
Thanks,
Scott & Anne Lindblom
Broker Associates
[email protected]
[email protected]
Scott: 970-485-4065
Anne: 608-345-2734
www.LindblomGroupe.com