Posted on April 23, 2014 - 11:48 AM
by Wendy Tancheff
The Summit County Market: With a little over a week left of April, the Residential sales (number of sales) countywide are coming in at 1% above sales for the same time period last year and the average sold price remains, as it was at the end of March, improved by up 6.4%!
April, last week the sales activity showed a huge 48% increase in under contract activity as compared to the same week last year!
While recent under contract activity is on the rise, the April sold activity is currently down 24% when comparing residential sales from April 1 - April 20 (2014 vrs 2013). Last year from April 21 - April 30 there were 61 residential properties sold in Summit County - so lots of up and coming "Sold" potential over the next 10 days!
The North Side Market (Keystone, Frisco, Copper, Dillon, Silverthorne): Residential sales are still in the declining mode, although the decline continues to improve, to a current dip of -7% for the number of properties sold with a decrease in the average sold price of -4.3%.
The South Side Market (Breckenridge): The number of residential sales are slowing but still show a substantial increase of 12.1% with an improvement in the average sold price of 10.8%. While the number of south side sales have softened somewhat the prices are still moving upward by a few percentage points.
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