2009 Summit County & Breckenridge Real Estate Statistics
2009 SUMMIT COUNTY REAL ESTATE SALES STATISTICS:
Compared to 2008 Summit County Real Estate Sales Statistics
Provided by Brook Roberts of Land Title Guarantee Company, Summit County Public Records, The Summit County MLS, and Keith Kirchner
Residential Transactions – Down 32% to 1245 from 1834 sales in 2009
Residential Dollar Volume – Down 36% to $683,000,000 from $1,066,000,000
Average Single Family Home Price – Up 4% from $670,000 to $695,000
Average Residential Sale - $587,000 - Up 0.8% from $582,500
4th Quarter Dollar Volume - Up 9.6%
4th Quarter transactions – Up 25%
$2 million+ real estate market – Up 9.5% (23 sales in ’09 - 21 sales in ’08)
(If I had a good graph, it would show Nov. 2009 at the current lowest point of the Summit County market.)
Summit County Foreclosure Statistics
Summit County’s estimated residential properties - 26,765
Summit County properties entering foreclosure process:
• 300 in 2009
• 190 in 2008
Single-family residences actually foreclosed upon:
• 56 in 2009
• 23 in 2008
Breckenridge Real Estate
Summit County Real Estate - MLS Inventory
Number of residential listings (Inventory) Jan 16, 2010 – Down 1.4% - Compared to Jan 23, 2009
Breckenridge – 716 listings Up 0.3%
Keystone – 213 listings Up 5%
Copper – 104 listings Up 27%
Dillon/S.Cove – 112 listings Up 2.7%
Frisco – 102 listings Down 23.3%
Silverthorne & North – 214 listings Up 0.5%
Summit County Totals – 1461 Down 1.4%
359 listing over $1,000,000 – Down 27%
Summit County Association of Realtors lost in 2009 roughly 100
Summit County real estate brokerages closed – at least 6
May 18th, 2010 at 9:13 am
[...] Since Breckenridge and Summit County are largely secondary real estate markets (second home market), the nation’s economic effects sank in slower here than much of the country. In essence, economic turmoil hits home before it hits the second home. Initially, the market slowed in 2008 with the changes in lending policies. But it was the stock market crash in March that truly changed the face of real estate in Breckenridge. From February to June 2009, real estate related businesses of Breckenridge and Summit County had a desolate feel. The busy, summer real estate season brought about it’s typical rush, but it paled in comparison to other years. Finally an actual increase in sales near the end of the year showed signs of life for real estate in Summit County. Despite the 4th quarter increase in property sales, the total annual number of residential sales was down a staggering 32% from 2008’s total. Residential dollar volume spent was down 36% (similar drops to 2008 results). On a more inspiring note, sales of $2+ million homes rose 9.5% (up 2 from 21). (Click Here for detailed real estate statistics) [...]