Q1 of 2019 Shows Impressive Results for the Summit County Luxury Real Estate Market

Luxury Buyers Show Strong Confidence in the Vail Valley Real Estate Market
April 19, 2019
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April 25, 2019

106 South Ridge Street in Breckenridge, represented by LIV Sotheby’s International Realty brokers Jack Wolfe and Aniela Wasmanski, sold for $3,720,000 – a notable sale in Q1 of 2019.

LIV Sotheby’s International Realty (LIV SIR) just released the Q1 Residential Luxury Report focusing on the high-performing, luxury real estate market for Summit County, analyzing properties priced $2,000,000 and above. With some outstanding increases in performance, it’s clear that 2019 is off to an excellent start for the real estate market in Summit County.

The number of properties sold increased by an incredible 171.4% to 19 properties sold in Q1 of 2019, from seven in 2018. The total dollar volume sold increased an extremely significant 223%. Also notable are the increases in average price per square foot (up 20%) and highest price (up 51.2%). This report shows strong increases in performance across the board, proving that luxury buyers have strong confidence in the Summit County real estate market.

“It’s extremely impressive to see how well the luxury sector in Summit County is thriving so far this year,” said Scott Webber, president of LIV Sotheby’s International Realty. “The close proximity to Denver and to numerous resort communities makes Summit County a highly desired place to make an investment.”

Three notable sales in Q1 of 2019 for LIV Sotheby’s International Realty include 106 South Ridge Street in Breckenridge for $3,720,000 represented by Jack Wolfe and Aniela Wasmanski, 445 Long Ridge Drive in Breckenridge for $3,600,000 represented by Marty Frank, and 121 Boulder Circle in Breckenridge for $3,495,000 represented by Eric Dahman and Paula Stanton.

With the continued increase of performance for real estate in Summit County, the value of having a seasoned professional advocating on a buyer’s or seller’s behalf has never been more important. LIV Sotheby’s International Realty specializes in second home markets and can help you create your dream life.

Monthly, quarterly, and year-end reports are produced by LIV SIR to help consumers make better real estate decisions, whether purchasing or selling a home. Reports can be found at ColoradoMarketReports.com.

The highest level of integrity, professionalism, and expertise in real estate awaits you. Call 970.453.0550 or visit resorts.livsothebysrealty.com to discuss all of your real estate needs. For more information contact Kelli Williams, director of public relations, at 303.486.3738.

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