Summit County -2006 was yet another record year in real estate sales (dollar volume) in Summit County and the market remains incredibly strong. The dollar volume of sales in Summit County rose 11%; the market continues to hold with amazing strength and new high prices are showing up on every new listing.

The market is driven upwards due to a massive lack of supply right now. Sellers are bullish and holding on to their investments. As of the New Year, there are a total of 620 residential listings in all of Summit County (237 in Breckenridge & Blue River). Without previous logged statistics, this very well could be a record low number of listings. Today, there are 645 listings in the county (278 in Breckenridge). An amazing search came to me mid-March when I saw only 11 total listings in Silverthorne under $540,000. There are usually 90 or more listings in that price range.

For about two years, Breckenridge saw an average appreciation of 15% - 25%. Keystone, Frisco, Silverthorne saw 10% - 15%. The market has changed a small amount this year, and the lower end of the valley seems to have really tightened up more than Breckridge. I wouldn’t be surprised to see 15% growth in Breckridge this year and 15% - 20% in the rest of the county (10% in Copper). Only time will tell and the busy summer season is coming.