At just over one month into the new year, Summit County real estate transactions have slowed down. January ended with 81 residential transactions, a 7% decrease from last year and over 50% decrease from last month. This drop in sales from December to January is consistent with the flow of the local
Land transactions slowed this month as well, with a total of 7 sales. This is 36% less compared to last year but falls just below the average (8) for the past 10 years. The luxury market saw twenty $1 million+ transactions in January, the exact same amount as last year. The highest sale was a Slifer Smith & Frampton listing located in the Highlands subdivision in Breckenridge. This 5 -bed/ 4.5 -bath, 4,011 square-foot single-family home sold for $ 2,445,000.
February has already produced 16 residential sales and 1 land. There are 568 active listings currently - 434 residential and 134 land - a 10% increase in inventory compared to last year and a 44% decrease compared to 5 years ago.