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Summit County Real Estate Market Trends for July 2018

Summit County Real-Estate Market Trends for July 2018

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

  • July 2011 – $35,555,500 generated from 98 transactions
  • July 2012 – $65,197,855 generated from 131 transactions
  • July 2013 – $80,849,879 generated from 163 transactions
  • July 2014 – $95,597,625 generated from 201 transactions
  • July 2015 – $117,921,469 generated from 202 transactions
  • July 2016 – $104,621,918 generated from 215 transactions
  • July 2017 – $147,927,102 generated from 253 transactions
  • July 2018 – $151,066,431 generated from 211 transactions

Looking at these statistics, the local real estate market in July 2018 had mixed results in comparison to July 2017. The total dollar volume of sales in July 2018 slightly increased 2% from July 2017. But, the number of real estate transactions in Summit County in July 2018 decreased 17% from July 2017. So far this year, the Summit County market is 7% ahead of monetary volume and 1% behind in transactions when compared to the first seven months of 2017.

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

  • 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.
  • In May 2018, the number of real estate transactions in Summit County slightly decreased 1% from May 2017, and the total dollar volume of sales in May 2018 increased 8% from May 2017.
  • In April 2018, the number of real estate transactions in Summit County increased 10% from April 2017, and the total dollar volume of sales in April 2018 surged 30% from April 2017.
  • In March 2018, the number of real estate transactions in Summit County decreased 21% from March 2017, and the total dollar volume of sales in March 2018 likewise trended downward 30% from March 2017.
  • In February 2018, the number of real estate transactions in Summit County surged 20% from February 2017, and the total dollar volume of sales in February 2018 likewise swelled 26% from February 2017.
  • In January 2018, the number of real estate transactions in Summit County increased 6% from January 2017, and the total dollar volume of sales in January 2018 decreased 5% from January 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.

Dillon & Summit Cove Condos for Sale
With Minimum of 2 Bedrooms

Reduced
$940,000
MLS# S1015568
For Sale
321 Vail Cir
Dillon, CO 80435
3 BR | 3.5 BA | 3,178 Sqft | Residential
A beautiful European mountain chalet style home nestled against Keystone Ranch on the backside of Summit Cove. Huge backyard ready for your entertaining and relaxation. Main floor master suite with fantastic master bath. Upper floor has t (more...)
Summit Resort Group
$1,443,183
MLS# S1014832
For Sale
37 Landon Ln
Dillon, CO 80435
5 BR | 4.5 BA | 3,617 Sqft | Residential
Brand New Construction in the heart of Summit County located on over 1 / 3 acre in a quiet cul-de-sac setting. Completed in November 2019 and move-in ready! Premium Pella Impervia ENERGY STAR Windows, stone, spruce and metal facade. Mountai (more...)
Keller Williams Top Of Rockies
$960,000
MLS# S1014323
For Sale
159 Tenderfoot St
Dillon, CO 80435
4 BR | 3 BA | 2,868 Sqft | Residential
Walk to the Dillon Amphitheater concerts or to the Marina and have a drink at the Tiki Bar. This in-town location has a half-acre lot where you can store boat and RV. The house has been completely remodeled with lovely finishes, main fl (more...)
Re/Max Properties/ 69
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IDX Logo Property listing data provided by Summit County multiple listing service. Information last updated: December 10, 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: December 10, 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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