Silverthorne Market Update

Here’s what’s going on in the Silverthorne real estate market. In general Silverthorne and the Wildernest area are where you will get the most for your money in Summit County. The lowest price for a condo is $1139,900, it's a studio unit in Riverbend Condos. Right now 158 condos and townhomes are currently for sale in Silverthorne including Wildernest (above Silverthorne to the west). Prices go up to $779,000 for a new three bedroom townhome. Fourteen are pending and 109 have sold last year. Those prices ranged from $110,000 for a studio condo up to $590,000 for a three bedroom townhome built in 1999.

This year the market for single family homes and half duplexes has slowed down; what a great buyer’s opportunity with lower interest rates and lots of choices. There are 190 homes and half duplexes for sale in the Silverthorne area. The prices on homes range from $285,000 to $3,995,000, seven are pending. Seventy-eight homes have sold in the last year, prices from $295,000 to $2,550,000.

If you are willing to drive north of Silverthorne about 30 miles to Blue Valley Acres which is just into Grand County you can get a lot more for your money. Right now there are eight homes for sale in Blue Valley Acres. Prices start at $227,500. and go up to $399,999.

In the Heeney/Green Mountain Reservoir area (24 miles north of Silverthorne) there are eight properties for sale, from a small one bedroom cabin on two lots for $179,000 to a 5 bedroom home just steps from the lake for $570,000. I have a couple neat cabins for $295,000 and $395,000. Here’s a link to that property info. After years of virtually nothing for sale now it the most I’ve ever seen at one time.

You have many options in building sites in Silverthorne. Prices run from $190,000 for a quarter of an acre north in Fox Valley at the Raven and go up to $619,000 for over an acre in the Three Peaks subdivision. About 10 miles north of Silverthorne up Boulder Creek is almost half an acre for $119,900. If you are looking for larger acreage the lowest price is $349,900 for 20 acres up to 1.5 million for 40 acres in Pioneer Creek Ranch. There are small ranches north of Silverthorne “down the Blue” starting at $849,000 for a 5 bedroom home on 22 acres. Around the Green Mountain Reservoir, there is a 20 acre lot for $599,900 and 314 acres up Cataract Creek Road for $3,375,000.

Every week I put together a list of everything for sale - I'll send it to you if you would like. You can also search the Summit County MLS from my web site.