Summit County Colorado Real Estate 2009 Statistics

2009 Summary for Summit County
Summit County ended 2009 with $683,009,100 in monetary volume. This is 36% shy of last year’s total. Transactions in 2009 totaled 1245, 32% shy of last year’s total.
The areas that show an increase in median average price for Single Family 2008 to 2009 are: Breckenridge at 14%, Keystone at 27%, Silverthorne at 20%. The total Median Price Single Family Gross Live Median increased by 4%.
The areas that show an increase in median average price for Multi-Family 2008 to 2009 are: Copper Mountain at 21%, Silverthorne at 2% and Summit Cove at 22%. The total Median Price Multi-Family Gross Live Median decreased by 10%
The total Median Price for Vacant Land decreased from 2008-2009 by 3%.
There were 136 Residential Improved Units that sold for $1M and over in 2009 vs. 177 in 2008 and 208 in 2007.
The average price history for Real Estate transactions on the Residential Improved Unit side still hold steady with 4 full years of historical data: Single Family continues to show an increase: $905,030, Multi-Family, slight decrease at $398,051- relatively flat, and Vacant Land with a slight decrease- relatively flat.
Cash transactions are averaging around 40% each month.
The highest sale in Summit County occurred on 12/21/2009 $8,285,000 Timber Trail Sub Lot 9 – 382 Timber Trail Road – 7 Brm 9 Bath – Built in 2008 – 6,565 SF on .545 Acres. This is $1,262.00 PSF, a record price. The home is located in Breckenridge on Peak 8.

If you would like a detailed analysis of what happened in 2009, just let me know & I will email you a pdf file.