The Real Estate Market | Summit County September 2022
Whose market is it? It is a more balanced market with the caveat that the price must be in line with where the buyers show interest. Buyers are negotiating more and not just about the price, but also at other steps in the transaction – from inclusions, to inspections and more.
The market is more diverse today and not just a blanket market that allows all properties to obtain huge gains and attract buyers. Yet, when a property is priced right and has a particular “je ne sais quoi” in the eyes of a buyer, it can still attract a healthy price and compel multiple buyers.
Of the active listings, here is the percentage of those that have had price reductions by town: Breckenridge 44%, Frisco 58% (Not including 9097 Flats), Dillon 67%, Silverthorne 39%, Keystone 44%. Of the resale properties that are under contract;
- 3% are listed for over $10,000,000
- 5% are listed between $5,000,000 and $9,999,999.
- 26% are listed between $2,000,000 and $4,999,999
- 15% are listed between $1,000,000 and $1,999,999.
- 51% are listed under $1,000,000.
Interested in more information about the local area or do you have questions about Summit County real estate? Contact Taryn Brooke at: 970.333.8297 or taryn@coloradorealty.group.
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