2009 year end Summit County real estate statistics
56.7% of residential properties sold in 2009 were on the market over 120 days. 15% actually sold in the first 30 days. (some of these may have been sold before they were actually listed)
Average list to sales price ratio is 96.2% if selling within the first 30 days. It drops to 94.2% from 31 to 60 days on the market and then drops to just over 93% on properties on the market over 61 days.
Overall, the average days on market is 228 days.
The fastest price range to sell was $200,000-299,999 with an average days on market of 162
The average sales price in Summit County for 2009 was $613,590. The median price was $450,000
The average sales price for 2009 was nearly the same as 2008’s $614,498
The average sales price of Summit County land was down 34.5% in 2009 at $324,586. That’s nearly equivalent to the 2005 average sales price of $325,177.
The number of sales of land (68) are down 50% from 2008 and down 78% from 2007. Land purchases were most popular in 2005 with 436 transactions. 2009 sales are only 16% of that peak year.
Residential sales numbers are down 63% from the peak year of 2006 that had 2,495 units sell.
The average sales price in Breckenridge fell in 2009 to $813,258. Down from $824,543. The average sales price of a single family home in Breckenridge was up compared to 2008 as were duplexes. Condos saw the biggest loss in Breckenridges average sales price dropping from $656,913 in 2008 to $435,317 in 2009.
Copper Mountain was the only Summit County area that saw the average sales price of condos increase in 2009.
Click here for more 2009 year end statistics
