Summit County | Mid-Year 2022

Affectionately known as “Colorado’s playground,” Summit County is comprised of the famous mountain towns Breckenridge, Dillon, Frisco, Copper, Keystone, and Silverthorne. Known for its high elevation and steep peaks, Summit County has no shortage of year-round activities, including hiking, biking, and water activities like fly fishing and paddle boarding. The excitement continues off the trails with endless craft breweries and restaurants, plus theatre, music, and festival opportunities like the Bluegrass and Beer Festival, Breckenridge Wine Classic, and more. Along with Summit County’s proximity to Denver, all that is reason enough for this region to lure people to its peaks.

With just over 31,000 residents and growing, Summit County is a mecca for outdoor enthusiasts seeking a lifestyle move to the place where they can chase adventure. This migration to the mountains has only grown stronger in the past several years, with people leaving the congestion of big cities to live more intentionally. As this desire grows stronger, real estate in Summit County will only continue to grow in popularity. Every quarter, LIV Sotheby’s International Realty produces a Micro Market Report focused on the real estate activity in Summit County neighborhoods. For quarter two, this micro market report provides a year-over-year comparison of the first six months of 2021 compared to the first six months of 2022, analyzing January through June.

Inventory in Summit County moved off the market quickly during the first two quarters of 2022, putting pressure on buyers to make decisions in half the time compared to 2021, with most listings lasting an average of just 16 days on the market compared to 32 days last year. While the market pace increased, the amount of inventory did not. Year over year, 33.9% fewer properties were sold during the first six months of 2022, down to 637 compared to 964 in 2021. As the market inventory slimmed down and the pace picked up, the demand for high country living increased, with the average sold price rising 29.9% throughout the county. Of the six coveted communities, Silverthorne/Wildernest saw the largest increase in average sold price, rising 43.5% from $923,082 in 2021 to $1,324,656 this year.