LIV SIR Releases the Mid-Year Micro Market Report for Summit County

LIV SIR Releases the Mid-Year Micro Market Report for the Vail Valley
July 19, 2019
Welcome Joe Johnston to the LIV Team
July 22, 2019

Located less than a two-hour drive from Denver, yet alive with the sought-after mountain lifestyle, is Summit County. Breckenridge, Copper Mountain, Keystone, Frisco, Dillon, Silverthorne, etc. make up this desired area that people find as a great place to call home. Unparalleled quality of life with ample year-round activities, a community feel, and breathtaking mountain vistas at every turn, are what attracts buyers from around the world to live in this picturesque western side of the Continental Divide.

LIV Sotheby’s International Realty produces a Micro Market Report focused on real estate for Summit County and the neighborhoods within it. As a whole, Summit County saw an increase in average price by an impressive 11.9% for January through June 2019 compared to January through June 2018. This increase raised the average price for this year to $825,974 from $738,089 in 2018.

“This has been beyond a great year for real estate in Summit County,” said Aaron Shriner, vice president and managing broker of LIV Sotheby’s International Realty’s Summit County offices. “There was an overall increase in average price and many areas reported really significant increases in the highest price as well as the number of properties sold. For example, the highest price sold was for $10.1M in Breckenridge, which is incredible.”

Highlights from Summit County include notable increases in the number of properties sold as well as in the average price. For condos, townhomes, and duplexes within Dillon/Summit Cove, there was a significant 62.5% increase in the number of properties sold, landing at 65 properties sold in 2019 compared to 40 in 2018. Interestingly, all of Dillon/Summit Cove saw a similar increase of 50% in properties sold, with 90 selling in 2019 compared to 60 in 2018. Average price raised significantly for all properties within Copper Mountain, with a 57.1% increase reported, rising to $794,033 in 2019 from $505,361 in 2018.

As many will agree, Summit County is a desired location for those who are looking for the desired Colorado mountains lifestyle, without being too far from the city life of Denver. Summit County is a great location for second-home buyers due to this close proximity, as well as a primary residence for those wanting a peaceful life with adventurous benefits right outside their front door.

Visit ColoradoMarketReports.com to view the entire Summit County Micro Market Report. LIV Sotheby’s International Realty compiles quarterly and year-end reports of micro-market statistics so you can learn more about your community and to help you make effective real estate decisions.

To discuss buying or selling a Summit County residence, contact a real estate professional today by visiting resorts.livsothebysrealty.com or calling 970.453.0550.

For more information contact Kelli Williams, director of public relations, at 303.486.3738.

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