A Team With Increasing Production In A Shifting Market

Recently, a stat came out in regards to local real estate production that caught our eye. Since Spring of 2022, a variety of factors unique to the Summit Area have caused dramatic shifts to our local market. Because of these rapid and complex transitions, the three top brokerage firms in our Summit MLS have seen an overall downturn in production. 

Top 3 Local Brokerages - Total Sales Production Year-to-Date 2022 vs 2023

RE/MAX Properties of the Summit: -9%

Slifer, Smith & Frampton: -19%

Liv Sotheby's Breckenridge: -18%

If you've been following our market updates, you, like us, are probably not overly surprised by this statistic. Average sales price and number of sales are down year-over-year, so it only follows that brokerages' production is also less than last year. 

Naturally, we were happy to see that our RE/MAX office overall has kept production closer in line with last year's historically huge numbers. We then got curious about how exactly our team was faring. Lo and behold, when we added up our transactions, we were extremely proud to discover that our production was not only keeping pace with our production in 2022, but it was actually up - and up significantly!

Our Total Sales Production Year-to-Date 2022 vs 2023

The Mountain Real Estate Team: +21%

We've spent the past year trying to think progressively to navigate the post-peak market. As I've written many times, we all knew the 2021-2022 market trends were not sustainable.

Over the first half of the year, we've found that 2023 requires a mix of adapting new strategies and getting back to the real estate basics. Growing through challenging times is why we founded The Mountain Real Estate Team in the first place. Helping our clients, both new and old, as best we can really is the reason we've kept our mindset forward-thinking. We're thrilled we've been able to help so many buyers and sellers already this year, and we look forward to what the rest of 2023 brings!