Summit County Real Estate Market Trends for May 2019

Summit County Real-Estate Market Trends for May 2019

Land Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for May 2019. On a seasonal basis, May falls toward the tail end 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 May 2019 to the month of May in recent years, the totals were as follows:

  • May 2011 – $56,177,600 generated from 107 transactions
  • May 2012 – $73,173,000 generated from 145 transactions
  • May 2013 – $94,375,050 generated from 165 transactions
  • May 2014 – $96,773,950 generated from 181 transactions
  • May 2015 – $116,330,500 generated from 205 transactions
  • May 2016 – $114,889,906 generated from 197 transactions
  • May 2017 – $126,580,300 generated from 197 transactions
  • May 2018 – $136,423,916 generated from 196 transactions
  • May 2019 – $158,950,200 generated from 222 transactions

Looking at these statistics, the local real estate market in May 2019 increased significantly in comparison to May 2018. The total dollar volume of sales in May 2019 increased 17% from May 2018. Likewise, the number of real estate transactions in Summit County in May 2019 increased 13% from May 2018. In looking at the first five months of 2019, the statistics for May 2019 are a bit more positive than the four months that preceded it.  At the end of May 2019, the Summit County market is 15% ahead of the first five months of 2018 in terms of total dollar volume of real estate sales.  However, the total number of transactions thus far are 4% less than the first five months of 2018.

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

  • 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.
  • In January 2019, the number of real estate transactions in Summit County decreased 5% from January 2018, but the total dollar volume of sales in January 2019 increased 30% from January 2018.
  • In December 2018, the number of real estate transactions in Summit County decreased 23% from December 2017, and the total dollar volume of sales in December 2018 increased 6% from December 2017.
  • 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.

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.

Keystone Single Family Homes for Sale
With Minimum of 3 Bedrooms

New To Site
$2,200,000
MLS# S1015058
For Sale
1957 Keystone Ranch Rd
Keystone, CO 80435
4 BR | 3.5 BA | 4,994 Sqft | Residential
Lodge-style Keystone Ranch home on spectacular homesite with views across the golf course to the Gore Range. One of the best homesites in the Keystone Ranch. Impressive great room like no other with soaring ceilings and cozy fire pit. We (more...)
Slifer Smith & Frampton R.E.
$1,099,000
MLS# S1014953
For Sale
93 Last Chance Ln
Keystone, CO 80435
5 BR | 3.5 BA | 4,385 Sqft | Residential
When it comes to location it's very hard to beat this setting on the Snake River in the heart of Keystone Resort. This home has a great ski house feel with a tremendous amount of potential. The next owner can move in, renovate, or start fro (more...)
Colorado R.E. Summit County
$817,500
MLS# S1014708
For Sale
4478 Montezuma Rd
Keystone, CO 80435
4 BR | 3.5 BA | 2,605 Sqft | Residential
Located 10 Minutes away from Keystone is this Montezuma “River” Home. The Snake River bisects this 2+Acre site where you can listen to the Snake River while relaxing on the deck or laying in Bed. Snowshoe, cross country ski or h (more...)
Bergman Realty Group
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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 01:00 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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