Summit County CO Market Analysis for December 2012

Land Title Guarantee Company just released its monthly Summit County CO market analysis for December 2012. Historically, since it’s in the midst of the holiday season, December is usually one of the quieter times of the year for real estate transactions. However, December 2012 turned out to be the third best month of the entire year.

As part of its analysis, LTGC provided the monthly percentage change in total dollar volume & total number of real estate transactions across Summit County. Comparing December 2012 to the month of December in recent years, the totals were as follows:

  • December 2008 – $61,054,700 generated from 98 transactions
  • December 2009 – $102,685,700 generated from 178 transactions
  • December 2010 – $70,755,100 generated from 154 transactions
  • December 2011 – $61,627,700 generated from 140 transactions
  • December 2012 – $87,217,800 generated from 185 transactions

Looking at these statistics, the number of real estate transactions in Summit County in December 2012 increased by 32% over December 2011. The total dollar volume of sales in December 2012 surged 42% over December 2011. For number of property transactions, this past month was also the best December since 2008.

Turning to review the whole of 2012, there were a total of 1624 real estate transactions that amounted to $772,913,600 in overall gross dollar volume. 2012 finished with the average residential price at $512,592, median residential price at $400,000 and average price per square foot at $291. The percentage of total real estate dollar volume – broken down by area in Summit County – was as follows:

  • Breckenridge (Blue River to Farmer’s Corner) – 46% of the total
  • Copper – 3% of total property sales
  • Frisco – 11% of total property sales
  • Keystone – 12% of total property sales
  • Silverthorne – 12% of total property sales

In comparison to 2011, the amount and number of Summit County property transactions both trended significantly upward. Overall, 2012 finished with an increase of 13% in total monetary volume for property sales and 12% over last year with total number of real estate transactions. Furthermore, in examining a graph showing the average price history for real estate transactions from 2006 to 2012, the average price for single family homes and multi-family units in Summit County both rebounded to show an increase over 2006 numbers. In sum, the Summit County real estate market had a terrific year in 2012, and there’s reason to be optimistic about these trends extending into 2013.

If you’re interested in buying a Summit County home, there are of course plenty of great opportunities available. Please don’t hesitate to contact Philip for help.

Luxury Summit County Listings with Price Drop in the Past Month

Start of list of properties

Reduced by $1,000 7 days ago
2
92 Wheeler Circle, #104
Copper Mountain, CO 80443
$1.278m
For Sale
2
Beds
3
Baths
1,376
square feet,
TRUE SKI IN / SKI OUT / GOLF IN / GOLF OUT Copper Mountain location! This extra large 1, 376 square foot condo offers unobstructe... (more)
# S1051517
Carbonate Real Estate
$1,278,000
For Sale
Residential
7 days on this site
Reduced by $76,000 Yesterday
38
493 Lakeview Drive
Breckenridge, CO 80424
$2.124m
For Sale
3
Beds
3
Baths
2,689
square feet,
Now in better-than-new condition after extensive renovations, this Mountain Cabin offers spectacular Summit County views on every... (more)
# S1051204
Re/max Properties/66
$2,124,000
For Sale
Residential
18 days on this site
Reduced by $25,000 5 days ago
41
384 Camron Lane
Breckenridge, CO 80424
$2.275m
For Sale
5
Beds
4
Baths
4,918
square feet,
Discover your dream home with breathtaking views of the Continental Divide. This 5-bedroom, 4-bathroom sanctuary offers luxury an... (more)
# S1051224
Keller Williams Top Of Rockies
$2,275,000
For Sale
Residential
21 days on this site
Reduced by $250,000 6 days ago
45
251 Gold Nugget Drive
Blue River, CO 80424
$2.65m
For Sale
4
Beds
5
Baths
4,900
square feet,
Nestled in Blue River, just five minutes from Breckenridge, and short-term rentable, this vintage 4, 900 square-foot log home o... (more)
# S1051199
Re/max Properties/69
$2,650,000
For Sale
Residential
22 days on this site
Reduced by $125,000 14 days ago
33
417 CR 674
Breckenridge, CO 80424
$1.45m
For Sale
3
Beds
5
Baths
2,633
square feet,
Perched on a serene mountainside, this picturesque home offers beautiful views of Quandary and Red Mountain, nestled amidst towe... (more)
# S1051196
Cornerstone Real Estate Co.
$1,450,000
For Sale
Residential
22 days on this site
Reduced by $55,000 2 days ago
41
120 N 7th Avenue, #19
Frisco, CO 80443
$1.595m
For Sale
3
Beds
4
Baths
2,031
square feet,
This 3 bedroom condo is 1/2 block off Main Street and steps to the Frisco Marina. There are vaulted ceilings, extra large bedroom... (more)
# S1051016
Exp Realty LLC - Resort Experts
$1,595,000
For Sale
Residential
27 days on this site
36
70 River Run Road, #201
Keystone, CO 80435
$1.795m
For Sale
4
Beds
4
Baths
2,091
square feet,
Welcome to Jackstraw Flats, an expansive condo nestled in a stunning mountain setting just steps from the lifts at Keystone Resor... (more)
# S1050888
Compass
$1,795,000
For Sale
Residential
31 days on this site
Reduced by $145,000 9 days ago
38
140 BRADDOCK Drive
Breckenridge, CO 80424
$2.95m
For Sale
4
Beds
3
Baths
3,277
square feet,
This newly built residence in Ten Mile Vista boasts luxurious finishes and a thoughtfully designed open layout, perfect for moder... (more)
# S1050925
Slifer Smith & Frampton R.e.
$2,950,000
For Sale
Residential
31 days on this site
41
390 Whispering Pines Circle
Blue River, CO 80424
$1.999m
For Sale
5
Beds
3
Baths
4,280
square feet,
Fantastic views all around one of the best priced short term rental properties in all of Summit County! This Blue River mountain r... (more)
# S1050819
Liv Sotheby's I.r.
$1,999,000
For Sale
Residential
34 days on this site
Reduced by $100,000 4 days ago
45
851 Mesa Drive
Silverthorne, CO 80498
$2.25m
For Sale
5
Beds
4
Baths
3,399
square feet,
Want your own river? This yard goes across the river and onto the west bank. You can walk out your back gate and either hop on t... (more)
# S1050689
The Gongloff Group
$2,250,000
For Sale
Residential
34 days on this site
Property listing data provided by Summit County multiple listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. The sale offering is made subject to errors, omissions, change of price, prior sale or withdrawal without notice.
Listing Data last updated: 07/19/2024 07:47 PM
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The market analysis information and representations regarding market analysis above are based in whole or in part on information provided by Land Title Guarantee Company. Although the information above is believed to be true and correct, the information cannot be guaranteed. Therefore, neither SummitRealtor.com nor Land Title Guarantee Company can in any way be held responsible for its accuracy. The data above does not reflect all real estate activity in the market.