Monday, October 26, 2009
Dillon Market Update
About once a month I do a market update of the different areas in Summit County. The change I see between this month and last is that the inventory is down. This is the time of year when many owners take their property off the market to rent for the winter season.
The Dillon area consists of the town of Dillon, and several unincorporated neighborhoods. Some of those neighborhoods are Dillon Valley and toward Keystone, Corinthian Hills, Summerwood, Summit Cove, Whispering Pines and Soda Creek. The area has several price points.
The lowest price for condos is usually in Dillon Valley East and West. Currently there are twenty-eight units on the market. The lowest price is a one bedroom unit for $127,000. In the town of Dillon near the lake there aren't as many condo options. The lowest priced is a two bedroom in Lodge at Lake Dillon for $250,000. That’s within walking distance to the marina, farmers market and restaurants. Prices go up to $1,099,000 for a four bedroom condo at Summer Ridge which has a breathtaking view of Lake Dillon. I do have a list of the condos and townhomes in the Dillon area on my web site. It won’t list prices but you will see a picture of the complex and other information. If you see something you like then you can search the MLS to see if anything if for sale in that complex – or just ask me.
Very few single family homes are for sale in the town of Dillon, but the surrounding neighborhoods of Dillon Valley, Summit Cove, Soda Creek and Whispering Pines have many options. There are 66 active listings of half duplexes and single family homes in the Dillon area. Of those the lowest price is $298,900 for a three bedroom half duplex in Dillon Valley. Eight homes are listed for a million or more. Eleven homes are currently pending. Looking back over the last year, 29 single family homes and half duplexes have sold, the lowest price was $300,00, fifteen sold between 3 and 4 hundred thousand and one over a million.
You would have several choices in vacant lots in the Dillon area. Currently there are twenty-two on the market. The prices range from $164,900 for a half acre lot above Dillon Valley to $399,000 for a building site in Summerwood. Only one lot sold this past year it was priced at $193,000. Let me know if you would like more information on any of these properties. Every week I print out a list of everything for sale in Dillon and Summit County, let me know if you would like a copy. To get the latest info, search the mls from my web site.
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