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 $75,000 9 days ago
37
451 Tanglewood Lane
Silverthorne, CO 80498
$1.7m
For Sale
7
Beds
4
Baths
3,734
square feet,
Big mountain views with an in-town feel. Welcome to 451 Tanglewood, a single family home perched just on the edge of the town of ... (more)
# SU1048055
Nelson Walley Real Estate
$1,700,000
For Sale
Residential
20 days on this site
Reduced by $100,000 9 days ago
42
209 Shores Lane
Breckenridge, CO 80424
$2.8m
For Sale
4
Beds
4
Baths
2,681
square feet,
The best unit and riverfront location in The Shores! Bring only your toothbrush, food and clothes. The home comes with virtually ... (more)
# SU1048065
Breckenridge Associates R.e.
$2,800,000
For Sale
Residential
22 days on this site
Reduced by $30,000 6 days ago
41
23 Clearwater Way Way, #207
Keystone, CO 80435
$1.365m
For Sale
2
Beds
2
Baths
1,160
square feet,
This luxurious, oversized Keystone condo offers an ideal balance of location, exquisite designer finishes, spacious rooms, ame... (more)
# S1047857
Omni R.e./frisco
$1,365,000
For Sale
Residential
33 days on this site
Reduced by $80,000 13 days ago
44
22 Snake River Road, #13
Keystone, CO 80435
$1.695m
For Sale
3
Beds
4
Baths
1,988
square feet,
Opportunity knocks with this rare to market 3Bd/4Ba duplex in Campfire Mountain Homes. Enjoy an open floorplan with vaulted tongue... (more)
# S1047858
Slifer Smith & Frampton R.e.
$1,695,000
For Sale
Residential
33 days on this site
36
44 Antlers Gulch Road, #A-1
Keystone, CO 80435
$1.595m
For Sale
3
Beds
3
Baths
1,811
square feet,
This Frey Gulch Townhome offers an unbeatable combination of convenience and comfort in Keystone. Situated on the west side of Key... (more)
# S1047863
Slifer Smith & Frampton R.e.
$1,595,000
For Sale
Residential
34 days on this site
Reduced by $125,000 6 days ago
40
141 Shekel Lane
Breckenridge, CO 80424
$2.1m
For Sale
5
Beds
4
Baths
2,923
square feet,
This extensively remodeled home is just minutes from the ski area and has plenty of room for extended family and friends. Boasting... (more)
# S1046587
Colorado Realty 4 Less, LLC
$2,100,000
For Sale
Residential
40 days on this site
40
204 Blue Ridge Road
Breckenridge, CO 80424
$1.2m
For Sale
2
Beds
2
Baths
1,092
square feet,
This adorable mountain cabin in the Peak 7 neighborhood of Breckenridge, has sweeping views of the 10 Mile range. Including the B... (more)
# S1047820
Colorado R.e. Summit County
$1,200,000
For Sale
Residential
40 days on this site
40
1920 Tiger Road
Breckenridge, CO 80424
$4.42m
For Sale
5
Beds
6
Baths
5,195
square feet,
Motivated seller! OPEN TO OFFERS! Welcome to 1920 Tiger Road, a truly exceptional mountain modern equestrian home that has been n... (more)
# S1047764
Nest Seekers Colorado LLC
$4,420,000
For Sale
Residential
45 days on this site
Reduced by $120,000 8 days ago
33
23 Clearwater Way, #305
Keystone, CO 80435
$1.779m
For Sale
3
Beds
4
Baths
1,791
square feet,
Penthouse mountain living is calling you, this Clearwater Lofts residence is the largest floor plan in the complex. Boasting 3 be... (more)
# S1047747
Slifer Smith & Frampton R.e.
$1,779,000
For Sale
Residential
45 days on this site
Reduced by $5,000 8 days ago
35
20 Rasor Drive, #20
Keystone, CO 80435
$1.27m
For Sale
3
Beds
4
Baths
1,778
square feet,
This spacious 3 Bedroom 3 Bathroom Autumn Brook Townhome sits in a prime location and offers a host of desirable features. Conven... (more)
# S1046581
Liv Sotheby's I.r.
$1,270,000
For Sale
Residential
52 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: 04/16/2024 06:47 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.