Summit County Real Estate Market Trends for December 2018

Summit County Real-Estate Market Trends for December 2018

Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for December 2018. On a seasonal basis, December falls right in the midst of the slower 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 December 2018 to the month of December in recent years, the totals were as follows:

  • December 2011 – $66,168,700 generated from 147 transactions
  • December 2012 – $$88,152,000 generated from 188 transactions
  • December 2013 – $$75,615,706 generated from 138 transactions
  • December 2014 – $90,305,800 generated from 186 transactions
  • December 2015 – $141,435,873 generated from 276 transactions
  • December 2016 – $122,880,919 generated from 203 transactions
  • December 2017 – $153,007,686 generated from 230 transactions
  • December 2018 – $143,100,278 generated from 178 transactions

Looking at these statistics, the local real estate market in December 2018 dipped a bit in comparison to December 2017. The total dollar volume of sales in December 2018 decreased 6% from December 2017. And, the number of real estate transactions in Summit County in December 2018 decreased 23% from December 2017.

Looking at 2018 on the whole, the Summit County market had slightly mixed results. For the calendar year of 2018, Summit county real estate sales were 5% ahead of the total monetary volume achieved in 2017. However, the number of real estate transactions in Summit County was 4% behind when compared to the entirety of 2017. For a more complete picture of the pertinent numbers, please see the Summit County Market Snapshot for 2018.

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

  • In November 2018, the number of real estate transactions in Summit County decreased 1% from November 2017, and the total dollar volume of sales in November 2018 increased 1% from November 2017.
  • In October 2018, the number of real estate transactions in Summit County decreased 27% from October 2017, and the total dollar volume of sales in October 2018 decreased 14% from October 2017.
  • In September 2018, the number of real estate transactions in Summit County increased 4% from September 2017, and the total dollar volume of sales in September 2018 increased 1% from September 2017.
  • In August 2018, the number of real estate transactions in Summit County increased 17% from August 2017, and the total dollar volume of sales in August 2018 increased 38% from August 2017.
  • In July 2018, the number of real estate transactions in Summit County decreased 17% from July 2017, and the total dollar volume of sales in July 2018 increased 2% from July 2017.
  • In June 2018, the number of real estate transactions in Summit County increased 6% from June 2017, and the total dollar volume of sales in June 2018 surged 27% from June 2017.

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

New To Site
$699,000
MLS# S1015054
For Sale
203 Creekside Dr , Unit 203
Frisco, CO 80443
2 BR | 2 BA | 1,175 Sqft | Residential
Crosscreek redefined! One of the best locations in complex overlooking the Ten Mile Creek with views of Mt. Royal! Beautifully upgraded and reconfigured for comfort and convenience throughout with energy efficiency features. Nicely furnishe (more...)
Luxury Mtn. Lifestyles
New To Site
$699,900
MLS# S1015291
For Sale
222 Creekside Dr , Unit 317
Frisco, CO 80443
3 BR | 2.5 BA | 1,382 Sqft | Residential
Incredibly unique opportunity to own an in-town property on the river. This top floor corner unit 3-bedroom is 1 of only 6 of its kind in the complex. Residence overlooks Tenmile Creek and is just 1 block from Main Street Frisco. Enjoy a la (more...)
Slifer Smith & Frampton R.E.
New To Site
$655,000
MLS# S1015201
For Sale
316 W Main St , Unit 316
Frisco, CO 80443
2 BR | 2 BA | 1,054 Sqft | Residential
This highly sought after south facing location backs to national forest and the bike path. Easy walking distance to restaurants and all the activities on Main St in Frisco. This property has a sunny end location with 2 skylights and extra w (more...)
Re/Max Properties/66
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IDX Logo Property listing data provided by Summit County multiple listing service. Information last updated: September 17, 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: September 17, 2019 02:00 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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