Summit County Residential Sales Heading Into Ski Season
Year to date, residential sales in Summit County are down close to 1%, with the average sold price down about 3%. Keep in mind however, that the average sold price was down over 10% in some areas in July. A busy late summer and early fall helped sales prices gain significant ground!
The list price to sales price precentage is still at 98%, which has been the case since last December. Interestingly, townhomes and duplexes hold the highest list price to sales price precentage this year, with these types of properties selling closer to 99% of list price. Average days on market has also stablized, with this stat hovering in the 40s since winter.
November is off to a solid start in closings, new under contract activity, and new listings. As of today, Summit County has seen 69 closings and 49 newly pending this November. (While not included in the above graphics, Park County has also seen a strong November with 14 closings and 11 newly pending so far this month.) The average sales price for the first 18 days of this month is $1.556M, which to us indicates the year is winding down with a strong surge in our residential market.
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