With the arrival of fall, the real estate market continues to move along. As you will see in The Summit and Park County Real Estate Market Report for the month of September, the median sales price for single-family homes as well as condominiums continues to exceed the last 12 months; however, the number of sold listings for all properties has seen a decrease.
The Summit County real estate market for September 2021 vs September 2020 shows the following trends.
| Single Family Homes | Condominium/Townhomes |
| Sold Listings: -34.7% Average Days on Market: -51.4% New Listings: +4.3% Median Sales Price: +21.4% Inventory of Homes: -25.9% | Sold Listings: -23.0% Average Days on Market: -49.0% New Listings: -6.5% Median Sales Price: +20.2% Inventory of Homes: -19.6% |
Overall August Sales Trends
Park County has also seen an increase of nearly +17.5% of homes sold with an average increase of 27.9% in price of homes sold over the previous 12 months. Land sales in Park County remain strong with an increase in land transactions of +48.5% over the past 12 months. Average selling price of land increased by +16% which indicates that Park County is increasing in demand but it still offers a good value for land buyers.
The good news is that new properties are continuing to come on the market and prepared buyers are able to succeed with their offers as many of these properties go under contract soon after being listed. With that in mind, if you are at all considering making a move to the mountains, now is a great time to explore your options. Similarly, if you are considering selling your mountain property, you can be certain that your home will be valued at a high level.
If you want similar in-depth information and a breakdown of different areas including Breckenridge, Frisco, Silverthorne, Dillon, Alma, and Fairplay Area download the full 16-page Summit and Park County Area Real Estate Market Report YTD September 2021.
How can we help you with your real estate needs?
This Summit and Park County Area Real Estate Market Report YTD September 2021 and the level of detail 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