Breckenridge and Summit County Real Estate Statistics YTD 2008

Breckenridge and Summit County Real Estate Statistics YTD 2008

These figures come from the Summit Association of Realtors MLS as of May 1st, 2008, which encompasses over 95% of real estate transactions in the County.

Breckenridge

Single Family Homes sales so far have been 55 compared to 74 for the same period in 2007.  However the average sales price has increased this year by 4.9%, $1,079,167 compared to $1,028,436 in 2007.

Duplex and Townhomes have had 23 sales this year compared to 53 for the same period in 2007 with the average sales price increasing in 2008 to $905,625, a whopping 47.4% increase.

Condominiums and Multifamily so far year to date are at 69 sales compared to 82 last year, with the average sales price increasing this year from $395,027 to $509,896, again a significant 29.1% increase.

Vacant land sales have dropped 55.6% from 72 sales in the same period of 2007 to 32 sales for 2008.  However, the average sales price this year increased 57.8% from $380,173 to $599,814.

 

Summit County

Overall for Summit County YTD, Single Family Homes sales are numbering 100 compared to 138 in 2007, with this years average sales price at $947,600 compared to $909,189, a 4.2% increase.

Duplex and Townhomes had 71 sales YTD compared with 124 in 2007 for the same period, with the average sales price of $560,953 in 2007 increasing to $667,354 in 2008, an 19% increase.

Condominiums and Multifamily so far year to date have 217 sales compared with 277 in 2007 averaging $394,874 this year versus $345,053 last year.  This is a 14.4% increase YTD.

Vacant land sales reduced YTD this year compared to last year from 53 versus 121.  However, the average price increased an astounding 52.7%, average for 2007 was $343,567 compared to this year at $524,770.

 

The total number of listings countywide has increased by 163 listings this year to date, a total of 1,590 compared to 1,427 last year to date.  This is not a significant increase, only 11.4%, considering how markets are elsewhere in the nation.  It seems that pricing here in Breckenridge and Summit County is holding it's own.