What's happening in the Summit County Real Estate Market?

Summer 2024 Market Update!!
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Welcome to Sizzling Summer in the Summit!  After a great, snowy winter, and a long, wet spring, summer is here!  We couldn’t be happier.  The weather is great, and it is the start of our busiest sales season here in Summit.
Here’s what you need to know:

  • Year to date, the number of residential sales is up +3% (437 sales thru June) 
  • The Average Sales Price for all residential properties is up +9%.
  • Inventory of available residential homes for sale is up +51%
  • Average Days on Market is 51.
  • The Average List Price to Sold Price Ratio is 98%
  • What’s the median sales price? $1,075,000
  • Highest sale y-t-d:  $8.75MM in Shock Hill, Breckenridge
  • Lowest sale y-t-d: $282K in Treehouse (non-deed restricted)


How does 2024 year-to-date compare to 2023 and 2022?




Take aways?  The Summit County real estate market is not as crazy-strong as the “unicorn year” of 2022, but it is a bit stronger than last year!


With the real estate market undergoing significant transformations due to economic uncertainties, lawsuits, interest rates, housing affordability, and technological advancements, you may be wondering, “What the heck should we do if we want to buy or sell?”

The coming market can best be navigated with the 3 P’s:

Patience:  Take a breath before you start the process of buying or selling. 

Preparation:  Prepare yourself – and your property! Take the time to get ready. Get your finances in order if you are buying and get the property looking its best if you are selling.

Persistence: Continue firmly toward your dreams despite difficulty or opposition. You got this!



It can be a twisty road up here in the high country. 
You need a guide.  We are here to help! 




Summit County Market Analysis provided by Land Title EOY 2023

  • Market Analysis by Area for December 2023: There were a total of 128 transactions and $179,068,160 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $1,460,369. The average residential price was $1,488,134 and the average residential PSF was $797.
  • Market Analysis by Area 2023 (12 Months):  There were a total of 1,566 transactions with $1,913,164,632 monetary volume. The average transaction price was $1,290,411, the average residential price was $1,355,177 and the average residential PPSF was $795.
  • Market Snapshot for Full Year 2023 vs Full Year 2022:  Average indicators for $: Single Family +1%, Multi- Family +6% and Vacant Land +2%. Median indicators for Single Family +3%, Multi- Family +11% and Vacant Land -3%.
  • Market Analysis % Change Full Year 2023: Monetary volume in December 2023 was up 8% from December 2022. Transactions were up 6% from December 2022.  Full Year 2023, monetary volume was down 15% and transactions were down 13% from 2022. 
  • Residential Cost Analysis:  Residential volume in December had 107 transactions with $159,230,295 gross volume. There were 64 properties that sold for $1M and above in December.  There were 43 Single Family, 64 Multi-Family and 3 Vacant Land transactions in December.  
  • Average Price History by Type Full Year 2023: Average price for residential Single Family: $2,086,709, Multi- Family: $953,206 and Vacant Land: $679,558. 
  • Comparative Historical Cost Analysis Comparison 2023-2022-2021: In 2023, there were 1,221 transactions with $1,654,671,520 gross monetary volume with 646 properties selling for over $1M. In 2022, there were 1,401 transactions with $1,857,850,212 gross $ volume with 686 properties selling for over $1M. In 2021, there were 2,354 transactions with $2,647,787,218 gross $ volume with 887 properties selling for over $1M.
  • Top Lender Analysis December and Full Year 2023: There were a total of 245 loans, 75 loans related to sales, 53 REFI's and 117 timeshare loans in December with 41% of real estate deals closing with cash. Full Year 2023: There were a total of 3,180 loans, 911 loans related to sales, 669 REFI's and 1,600 timeshare loans and 42% of real estate closings were cash.
  • Foreclosure 2023 Summary: There were a total of 75 Foreclosure actions- 15 Fee Simple and 60 Timeshare actions, 20 of these made it to PTD.
  • Purchaser Profile Abstract:  Our buyers for real estate transactions in 2023: Local buyers 28%, Front Range demographic at 37% and 34% were out-of-state buyers with 1% International. 

Live/Active Market Information provided by Title Company of the Rockies 
(Click on town names below to view town stats)

Breckenridge The median list price for a Single-Family Home in Breckenridge, CO 80424 is $2,985,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased to 67.

The median list price for a condo in Breckenridge, CO 80424 is $809,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 55.

Dillon The median list price for a Single-Family Home in Dillon, CO 80435 is $2,349,000 with the market action index hovering around 44. This is an increase over last month's market action index of 38. Inventory has decreased to 15.

The median list price for a condo in Dillon, CO 80435 is $1,002,500 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 84.

Frisco The median list price for a Single-Family Home in Frisco, CO 80443 is $2,450,000 with the market action index hovering around 51. This is an increase over last month's market action index of 30. Inventory has held steady at or around 1.

The median list price for a condo in Frisco, CO 80443 is $940,000 with the market action index hovering around 44. This is less than last month's market action index of 47. Inventory has increased to 21.

Silverthorne  The median list price for a Single-Family Home in Silverthorne, CO 80498 is $2,422,500 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has decreased to 24.

The median list price for a condo in Silverthorne, CO 80498 is $801,050 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 53.