by jleopold | Oct 19, 2022 | Real Estate Market
As we move into the fourth quarter of the year, it’s a good time to take a look at how the average sold prices Summit County real estate have changed over the course of 2020 and 2021. It’s no secret that the Summit County real estate market is cooling, but that doesn’t mean sellers aren’t still getting top prices for their homes. Let’s look at the real estate market in Summit County for the past, present, and future quarters.
by jleopold | May 13, 2022 | Real Estate Market
What a winter it was! As the weather gets warmer and the snow melts away, it’s time to look back at the Summit County real estate market in the first quarter of 2022. At the start of the year, I shared predictions for 2022, national and local. I, like you, have been curious about whether these predictions would hold out. This market update will look specifically at January to March 2022 and year to year changes noted as percentages will compare 2022 to 2021. We will take a look at condominiums, single family homes, and residential properties as a whole in both Breckenridge and greater Summit County. (more…)
by jleopold | Jan 31, 2022 | Real Estate Market
What a year 2021 was! Can you believe we’re already three weeks into 2022? Looking back at the year that was, it’s no surprise that real estate sales were through the roof in Summit County. We’ve seen a rise in property value across the country and a desire for many working remotely to move to the mountains.While our mountain communities are finding solutions to the housing shortage and staffing issues, we tried to adapt to the new normal of 2021. You can read my recent blog post about what Breckenridge is doing to curb the effects of these issues.
by jleopold | Mar 14, 2021 | Real Estate Market
Appreciation and lack of supply is causing upward prices. New construction is not keeping up with population growth. Residential properties are selling over the list price and have multiple offers. The lack of available homes is spiking the bubble conversation. Housing supply is not keeping up with demand, measured by population growth. The same trends are happening in mountain communities. Here are some statistics for Summit County. (more…)
by jleopold | Nov 16, 2020 | Real Estate Market
The Colorado housing market has not only bounced back but it’s exceeded last year’s performance by a long shot- and 2020 isn’t even over yet. Earlier this year, uncertainty plagued everyone’s minds, and rightfully so. Sellers were pulling their properties off the market in fear of losing their safe haven, and buyers were unsure if it was the time to put down money on a new home in fear of it not being the right time to invest. (more…)
by jleopold | Aug 4, 2020 | Real Estate Market
Part-time residents relocate to their vacation homes and urban buyers flock to mountain retreats. Urbanites fleeing cities for homes in the hills are pulling mountain resort real estate out of a pandemic slump. Inventories are dwindling, prices are soaring and resort-town schools are seeing enrollment climb as second-home owners and newcomers settle in places like Steamboat Springs, Vail, Crested Butte, Telluride and Aspen. (more…)