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

32
473 Sherwood Trail
Breckenridge, CO 80424
$3m
For Sale
4
Beds
5
Baths
3,743
square feet,
MOTIVATED SELLER OFFERING RATE BUY-DOWN! NO HOA. Welcome to Goldhill Gates, the epitome of contemporary mountain living. Set on j... (more)
# S1044808
Exp Realty LLC - Resort Experts
$3,000,000
For Sale
Residential
24 days on this site
Reduced by $125,000 Yesterday
24
1845 Highlands Drive
Breckenridge, CO 80424
$2.875m
For Sale
3
Beds
3
Baths
2,984
square feet,
Mountain Modern 3Bdr/3Ba located in the highly sought after Breckenridge Highlands Golf Course area. The open floor concept, rust... (more)
# S1044943
Colorado Realty 4 Less, LLC
$2,875,000
For Sale
Residential
26 days on this site
40
252 Lake View Drive
Silverthorne, CO 80498
$2.55m
For Sale
4
Beds
4
Baths
3,570
square feet,
PRICE IMPROVEMENT! Just freshly painted throughout main floor level! Situated on a sunny South-Facing hillside, just above the to... (more)
# S1044819
Exp Realty LLC - Resort Experts
$2,550,000
For Sale
Residential
40 days on this site
Reduced by $100,000 14 days ago
30
682 High Point Drive
Breckenridge, CO 80424
$2.25m
For Sale
4
Beds
4
Baths
2,952
square feet,
FALL IN LOVE with this stunning and unique mountain retreat in desirable Breckenridge Heights! A completely re-envisioned property... (more)
# S1044811
West + Main
$2,250,000
For Sale
Residential
40 days on this site
Reduced by $50,000 8 days ago
40
522 Doris Drive
Breckenridge, CO 80424
$1.645m
For Sale
4
Beds
4
Baths
2,809
square feet,
Experience beautiful sunset views of Quandary Peak while relaxing on your expansive outdoor living space or from your great room ... (more)
# S1044578
Real Estate Of The Summit
$1,645,000
For Sale
Residential
57 days on this site
Reduced by $25,000 13 days ago
27
107 N HARRIS Street, #302
Breckenridge, CO 80424
$1.265m
For Sale
3
Beds
2
Baths
1,384
square feet,
Perfectly situated just a few short blocks from Main Street's Historic District and the ski resort gondola, this in-town condo is... (more)
# S1044599
West + Main
$1,265,000
For Sale
Residential
64 days on this site
Reduced by $100,000 12 days ago
40
157 Outta Bounds Drive
Breckenridge, CO 80424
$2.95m
For Sale
4
Beds
4
Baths
5,525
square feet,
PRICE IMPROVEMENT! Located in Summit Estates, just a few minutes from the town of Breckenridge, Colorado this bright and open po... (more)
# S1044444
Exp Realty, LLC
$2,950,000
For Sale
Residential
79 days on this site
Reduced by $150,000 2 days ago
40
16 Wolf Rock Road
Keystone, CO 80435
$4.35m
For Sale
5
Beds
7
Baths
5,166
square feet,
BRAND NEW, stunning contemporary ski home, built with impeccable attention to detail and displaying a stylish blend of contempor... (more)
# S1044359
Slifer Smith & Frampton R.e.
$4,350,000
For Sale
Residential
88 days on this site
23
631 Village Road, #433
Breckenridge, CO 80424
$1.359m
For Sale
2
Beds
2
Baths
1,127
square feet,
LOCATION, LOCATION, LOCATION! Welcome to one of the only TRUE Ski in-Ski out complexes in Breckenridge at Beaver Run Resort! Th... (more)
# S1044021
Great Western Realty
$1,359,000
For Sale
Residential
114 days on this site
Reduced by $49,000 6 days ago
37
852 Independence Road, #852
Keystone, CO 80435
$1.85m
For Sale
3
Beds
3
Baths
2,008
square feet,
Step into this 3-bed 3-bath Alders Townhome just in time for winter. This is one of the few unique triplex homes set over three le... (more)
# S1044042
Slifer Smith & Frampton R.e.
$1,850,000
For Sale
Residential
114 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: 30th November, 2023 04:00 MST
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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.