Doom and Gloom is all your hear from the real estate pundants. We are fortunate here in Summit County that so far, we have dodged the sub prime mess. Foreclosures are for intents and purposes non existent.
Summit County is the just the opposite. Our market remains strong and is a classic case for supply and demand. In 2007 there were 409 fewer sales, but the total market value of the transactions was over 1.6 billion or .3% off the record sales of 2006.
In fact, the average price increase for all of Summit County was 18.9%. Silverthorne and Keystone had price increases of 24.9% and 34.86% respectively. Breckenridge led the way with an average price of $651,668 (includes residential and land) up 17.9% from 2006, followed by Frisco at %546,429 up a mere 5.9% increase.
Stay tuned for the July 2008 update.
Posted by breckenridge 