Summit County Real Estate Market Trends for August 2013

Land Title Guarantee Company recently released its monthly Summit County real estate market analysis for August 2013. Historically, August is one of the busiest months of the year. The local real estate market in Summit County tends to see its highest level of activity during the summer months.

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 August 2013 to the month of August in recent years, the totals were as follows:

  • August 2008 – $92,825,200 generated from 183 transactions
  • August 2009 – $60,975,000 generated from 114 transactions
  • August 2010 – $79,753,200 generated from 117 transactions
  • August 2011 – $65,898,700 generated from 150 transactions
  • August 2012 – $68,804,575 generated from 159 transactions
  • August 2013 – $105,465,200 generated from 216 transactions

Looking at these statistics, August 2013 was simply a fantastic month for the local property market. The number of real estate transactions in Summit County in August 2013 posted a huge increase of 36% over August 2012. The total dollar volume of sales in August 2013 increased an amazing 53% over August 2012. For number of property transactions and total dollar volume, August 2013 was the best month of this year so far. It was also the best individual month of August since 2007. Overall, for the first eight months of 2013, Summit County is ahead by 22% in monetary volume ($521,770,800) and ahead 25% for total transactions (1,121) – in comparison to the same period in 2012.

To briefly recap results reported over prior months:

  • In July 2013, the number of real estate transactions in Summit County in July 2013 increased 23% over July 2012, and the total dollar volume of sales in July 2013 likewise increased 9% over July 2012.
  • In June 2013, the number of real estate transactions in Summit County in June 2013 spiked 28% over June 2012, and the total dollar volume of sales in June 2013 likewise surged 17% over June 2012.
  • In May 2013, the number of real estate transactions and total dollar volume of sales in Summit County both increased by 18% over May 2012.
  • In April 2013, the number of real estate transactions in Summit County increased by 19% over April 2012, and the total dollar volume of sales in April 2013 surged 22% over April 2012.
  • In March 2013, the number of real estate transactions in Summit County in March 2013 increased by an enormous 46% over March 2012. And, the total dollar volume of sales in March 2013 increased 25% over March 2012.
  • Turning to February 2013, the number of real estate transactions in Summit County in February 2013 increased by 16% over February 2012. However, the total dollar volume of sales in February 2013 decreased slightly by 6% over February 2012.
  • Finally, in January 2013, the total dollar volume of sales in January 2013 surged 33% over January 2012. Meanwhile, the number of real estate transactions in Summit County in January 2013 increased by 13% over January 2012.

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.

Summit County Listings with Price Reduction in Last 21 Days

Start of list of properties

Reduced by $24,950 4 days ago
21
3622 Ryan gulch Road, #3622
Silverthorne, CO 80498
$375,000
For Sale
1
Beds
1
Baths
476
square feet,
Lowest HOA dues in town! Step into enjoyment and comfort with this recently remodeled Sundance Lodge gem! Revel in the allure of a... (more)
# S1048275
Re/max Properties/69
$375,000
For Sale
Residential
10 days on this site
Reduced by $5,000 4 days ago
24
396 Cove Boulevard, #3
Dillon, CO 80435
$590,000
For Sale
2
Beds
2
Baths
864
square feet,
This 2 bedroom condo is move-in ready and makes for easy living. When walking in the ground level front door you immediately notic... (more)
# S1048213
Exp Realty LLC - Resort Experts
$590,000
For Sale
Residential
17 days on this site
Reduced by $50,000 4 days ago
37
451 Tanglewood Lane
Silverthorne, CO 80498
$1.65m
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
$1,650,000
For Sale
Residential
25 days on this site
Reduced by $100,000 14 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
27 days on this site
Reduced by $10,000 5 days ago
22
233 Pelican Circle, #1503
Breckenridge, CO 80424
$864,900
For Sale
2
Beds
2
Baths
1,125
square feet,
Perfectly located 2-bedroom condo w/ an ATTACHED 1-car garage only a 5-minute drive to downtown Breckenridge and Frisco. Beautiful... (more)
# S1047942
Breckenridge Associates R.e.
$864,900
For Sale
Residential
27 days on this site
Reduced by $20,000 13 days ago
11
100 Basecamp, #207
Frisco, CO 80443
$520,000
For Sale
1
Baths
571
square feet,
2017
Yr. Built
Concession to buy down rate available! Discover the perfect blend of mountain tranquility and urban convenience at this Basecamp u... (more)
# SU1048031
Re/max Properties/69
$520,000
For Sale
Residential
30 days on this site
Reduced by $25,000 4 days ago
43
231 Kimmes Lane
Breckenridge, CO 80424
$1.05m
For Sale
3
Beds
2
Baths
1,261
square feet,
Recently renovated log cabin. Enjoy panoramic views from almost every room. The wrap-around deck is the perfect spot to enjoy your... (more)
# S1047948
Compass
$1,050,000
For Sale
Residential
34 days on this site
Reduced by $100,000 4 days ago
34
127 Broken Lance Drive, #A203
Breckenridge, CO 80424
$1.1m
For Sale
2
Beds
2
Baths
1,350
square feet,
Nestled in the heart of Breckenridge, and within rental zone 1, this top-floor condo offers a perfect blend of modern convenienc... (more)
# S1047932
Christie`s International Real Estate Co LLC
$1,100,000
For Sale
Residential
37 days on this site
Reduced by $30,000 11 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
38 days on this site
Reduced by $11,000 6 days ago
19
433 Wild Irishman Road, #1049
Keystone, CO 80435
$659,000
For Sale
2
Beds
1
Baths
718
square feet,
Nestled amidst the majestic peaks of Keystone, Colorado, this enchanting Wild Irishman condo embodies the essence of alpine char... (more)
# S1047909
Exp Realty LLC - Resort Experts
$659,000
For Sale
Residential
38 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: 04/20/2024 05:47 AM
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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.