Summit County Colorado Realty
Summit | EagleVail Realty

December 2012 Market Update is the source for foreclosures, short sales and distressed properties in Copper Mountain, Frisco, Breckenridge, Blue River, Keystone and Silverthorne.

Highlights from this report include:

  • December was the third best month of 2012.  There were 185 real estate transactions with $87,217,800 gross volume.
  • There were 1,624 transaction, with $772,913,600 Gross Volume in 2012.  2012 finished with the Average Residential Price at $512,592, Median Residential Price at $400,000 and Average price per square foot at $291.  Breckenridge (Blue River to Farmer’s Corner) accounted for 46% of the $ volume, Copper Mountain was at 3%, Frisco at 11%, Keystone at 12% and Silverthorne at 12%.
  • The Average Prices were fairly even to last year.  Single Family homes increased by 4% and Multi-Family fell at -4%.  Vacant Land indicated a 26% increase.  If you view the Median prices on the chart on page 4 of the analysis, you will see that the trends are similar with Single Family increasing by 6%, Multi-Family was actually up by 3% and Vacant Land was up 27%.
  • December 2012 Dollar Volume was up 42% over December 2011.  December 2012 transaction were up by 32% compared to December 2011.  December 2012 was our best December since 2007.
  • There were 1,314 residential transactions 2012 and $673,545600 gross volume and 106 properties over $1 million.  2011 had 1,176 transactions and $598,530,900 gross volume with 101 properties at $1 million and over.
  • The strongest Residential price point for the past 3 years in Summit County has been in the $200K – $300K price range.
  • Bank Sales and Foreclosures: Bank sales in December were flat to November 2012 at 3. Year total there were 64 Bank sales totaling $20,669,875 gross volume or $322,967 per unit which accounts for 2.67% of the overall gross volume or 3.94% of the total transactions in 2012.  Year end Foreclosure info for 2012- there were 251 NED’s, 132 NED’s withdrawn, so 119 Active NED’s presently for 2012, and PTD at 165. 2012 Foreclosures are showing a downward trend in 2012. A large % of NED’s in December were Timeshares, most of the unsettled NED’s have now converted to PTD including the leftovers from 2011.