Summit County | Quarter 2, 2021
Summit County is centrally located amongst some of the highest peaks of Colorado’s Rocky Mountains including the Tenmile Range, and is home to the resort towns of Breckenridge, Dillon, Frisco, Copper, Keystone, and Silverthorne. Summer activities are plentiful throughout the region including sailing and stand-up paddle boarding on Lake Dillon, horseback riding through meadows of wildﬂ owers and aspen groves, mountain biking on miles of single track, or casting a ﬂ y rod in the Blue River or Ten-Mile Creek. Explore dozens of shops at the Outlets at Silverthorne, and the quaint boutiques and restaurants found on the historic Main Streets of Breckenridge and Frisco. Just a one-hour drive west from Denver, Summit County is the ideal location for outdoor adventure.
Owning real estate in Summit County has always been attractive to both locals and visitors, but the increased mobility of some professionals and a universal quest for a better quality of life has made the region more desirable than ever. LIV Sotheby’s International Realty produces a Micro Market Report focused on real estate activity in Summit County neighborhoods, comparing the metrics of the ﬁ rst half of 2020 with those of the ﬁ rst half of 2021. Real estate brokers were kept busy between January and June this year, with Summit County seeing a collective 86% spike in the number of properties sold, with the average sold price surging 25.1% to $1,047,854 compared to $837,516 at the same time last year.
Breckenridge, the largest town in the county, saw a 269.6% increase in the highest price of a sold property this year at $17,000,000, up from $4,600,000 during the same time period in 2020. Competition for homes in town is clearly high, and the average number of days a property stayed on the market in Breckenridge dropped 34 days for single family homes and 23 days for condos and townhomes.
Breckenridge is not the only place buyers want to live, however. Every Summit County neighborhood experienced a rise in the number of properties sold and a decrease in the days on market this year as compared to the ﬁ rst half of 2020. Dillon/Summit Cove’s average property price rose 41.6% from January through June of 2021 while Silverthorne/Wildernest properties sold increased 54.8% compared to that of the ﬁ rst half of 2020. Frisco’s highest-priced property so far in 2021 sold for $3,300,000—up 151% from last year’s highest sold property over the same time period. Keystone and Copper Mountain also recorded a rise in the number of properties sold during the ﬁ rst half of this year as compared to the ﬁ rst half of last year—a 191.4% increase for Keystone and 171.4% for Copper Mountain.
The rugged beauty of Summit County coupled with its robust dining, shopping and arts scene, its excellent school system and the adventurous lifestyle locals enjoy, all contribute to the area’s appeal. Consumers seeking the good life will continue to ﬂ ock here and will keep the market active.