So far 2017 has been the year of no inventory. In the entire county we have had around 325 listings, give or take, all year long. As we head into spring we will see more properties come on the market and inventory may build a little bit. Even so, I anticipate we will have tight inventory conditions all year long.
Right now, Breckenridge has most of the properties for sale with 154. Of those, only 17 are priced under $500,000 and only 54 are priced below $1,000,000. That means 100 properties priced at $1,000,000 or more.
Keystone has the next highest inventory with 96 properties for sale. Only 16 of the Keystone properties are over $1,000,000, quite the opposite of Breckenridge. Keystone has a couple new construction projects that account for about 1/3 of the inventory.
Copper Mountain is next with only 32 properties on the market. Only 12 are not in Center Village and of those 12, 6 are in Lewis Ranch, the luxury neighborhood beyond West Village.
Dillon has just 16 listings. Only 6 are condos or townhomes and only 25% have one or 2 bedrooms.
Frisco has the fewest properties for sale with 13. They range in price from $299,000 to $1,849,000 and average $472.86 per square foot.
If you are thinking about selling your Summit County property, 2017 is providing a good opportunity to get top dollar.
If you are thinking about buying in Summit County you have to be patient but a quick decision maker. You may have to wait to find the right property but when you find it you had better act fast.
No matter what your goals are for 2017, The Mountain Living Team is here to help any way we can. Contact us today. 888-666-0844 or firstname.lastname@example.org