Like anywhere in the world the real estate market is different from area to area. Summit County Colorado in no exception. Within Summit County our multi listing service is divided into six areas, Breckenridge, Copper Mountain, Dillon, Frisco, Keystone and Wildernest/Silverthorne.
The Breckenridge area encompasses the most residential properties going south to the Park County line at Hoosier Pass. It also includes west and east of the town of Breckenridge and north to Swan Mountain Road.
The Copper Mountain area is just the resort, the smallest number of properties.
Dillon includes the town, plus Dillon Valley and the neighborhoods toward Keystone, Summit Cove, Whispering Pines and Soda Creek. There are more subdivision too, but that gives the general idea. Within the town there are condos with great lake views. I do have a list of all the condos in Dillon on my web site.
The Frisco area is the town of Frisco and the subdivisions right around town. I have a list of the Frisco condos too.
Keystone is the resort and heading east to the town of Montezuma. List of Keystone condos.
The Wildernest/Silverthorne area covers the largest part of the county, from the town of Silverthorne north to the Grand County line. Wildernest is just to the west up Buffalo Mountain above Silverthorne. Heeney is included in this area and the 24 miles of ranch land between there and Silverthorne. The list of condos in Silverthorne and Wildernest are on my web site.
With all of those areas there is a big difference in the market. Generally the rule is supply and demand. I've kept track of the number of listings in Summit County compared to the sales for years. Back in the late 1990's a lot of condos were built at Keystone and Copper Mountain - the overbuilding tended to depress the market for a while.
Now, what seems to be influencing our market is the economy in general. Most of our sales are to second home buyers and they need to feel confident about the future. Therefore some buyers are getting deals. Twice a year I put together sales statistics by area and property type. One thing that is a big change over the last few years is the list to sale price ratio - normally it has been 95% to 97% of list. In this first half of the year it was down to 93% and 94%. These buyers are the smart ones because besides being a good investment they get to use the property. Check out the statistics and let me know what you think.
If you would like to know more about the local market in Summit County please contact me at keats@coloradodreams.com or 800-571-1091. You can search the mls from my web site.
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