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Summit County Real Estate Market Trends for August 2019

August 2019 Summit County Real Estate Market Analysis

Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for August 2019. On a seasonal basis, August falls in the midst of the busy summer season for local real estate. The Summit County real estate market has its highest level of activity during the summer and early fall.

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 2019 to the month of August in recent years, the totals were as follows:

  • August 2011 – $65,898,700 generated from 150 transactions
  • August 2012 – $71,800,475 generated from 162 transactions
  • August 2013 – $108,430,700 generated from 221 transactions
  • August 2014 – $95,422,383 generated from 214 transactions
  • August 2015 – $142,534,040 generated from 267 transactions
  • August 2016 – $139,223,249 generated from 282 transactions
  • August 2017 – $170,248,375 generated from 272 transactions
  • August 2018 – $235,727,859 generated from 319 transactions
  • August 2019 – $239,126,600 generated from 261 transactions

Looking at these statistics, the local real estate market in August 2019 had mixed results in comparison to August 2018. The total dollar volume of sales in August 2019 increased 1% from August 2018. However, the number of real estate transactions in Summit County in August 2019 decreased 18% from August 2018. At the end of August 2019, the Summit County market is 5% ahead of the first eight months of 2019 in terms of total dollar volume of real estate sales.  However, the total number of transactions thus far are 10% less than the first eight months of 2018.

To recap Summit County real estate market trends from recent months:

  • In July 2019, the number of real estate transactions in Summit County increased 3% from July 2018, and the total dollar volume of sales in July 2019 increased 12% from July 2018.
  • In June 2019, the number of real estate transactions in Summit County decreased 28% from June 2018, and the total dollar volume of sales in June 2019 decreased 27% from June 2018.
  • In May 2019, the number of real estate transactions in Summit County increased 13% from May 2018, and the total dollar volume of sales in May 2019 increased 17% from May 2018.
  • In April 2019, the number of real estate transactions in Summit County decreased 20% from April 2018, but the total dollar volume of sales in April 2019 increased 3% from April 2018.
  • In March 2019, the number of real estate transactions in Summit County decreased 4% from March 2018, but the total dollar volume of sales in March 2019 increased 18% from March 2018.
  • In February 2019, the number of real estate transactions in Summit County decreased 5% from February 2018, but the total dollar volume of sales in February 2019 increased 17% from February 2018.

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

Frisco Condos for Sale
With Minimum of 2 Bedrooms

$825,000
MLS# S1015710
For Sale
539 Granite St , Unit 3
Frisco, CO 80443
3 BR | 2.5 BA | 1,795 Sqft | Residential
What a great location, central to everything and only one block off Main St. in Frisco. Huge kitchen with cherry cabinets, granite countertops and stainless steel appliances. Enjoy the open floor plan with high ceilings, large dining area a (more...)
Re/Max Properties/66
Reduced
$414,900
MLS# S1015582
For Sale
510 Belford St , Unit 3
Frisco, CO 80443
2 BR | 1 BA | 950 Sqft | Residential
New roof, new windows, new flooring, new paint, ready to move into. Walking distance to all things Frisco, private parking, low HOA dues and...awesome price. 8 minute walk to downtown Frisco. We have a funny feeling that you're going to lov (more...)
The Gongloff Group
$735,000
MLS# S1015605
For Sale
116 S 5th Ave , Unit 18
Frisco, CO 80443
2 BR | 2 BA | 1,018 Sqft | Residential
Downtown Frisco living. Only steps to Main street, shops, restaurants, walk-out and enjoy the town or take the free bus to Copper Mountain and Breckenridge. Built in 2014 with in-floor radiant heat, sound insulation, granite countertops, kn (more...)
Re/Max Properties/66
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IDX Logo Property listing data provided by Summit County multiple listing service. Information last updated: November 20, 2019. 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: November 19, 2019 22:00 MST Service by Buying Buddy IDX CRM

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.

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