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Summit County real estate update – Jan 2016

Happy New Year! We’ve had a great start with impressive snow conditions, fun events and a busy real estate market. I hope you’re happy with your start too!

Year end market stats: The number of transactions increased by 4% and the dollar volume increased by 18% over 2014. Average home prices increased by 12%, condos by 16%.

The average price per square foot for a home in 2015 was $346, condo $406.

Currently – Inventory remains low, causing quick sales of well-priced and unique properties. Most sellers do expect to negotiate some, but the sale price to asking price ratio is increasing.

Planning on selling soon? The 5 Golden Rules of Home Staging on a Budget: When you show your home’s best features by staging it effectively, you help increase your final selling price without breaking the bank. In fact, on average, sellers receive $2 in increased sale price for every $1 they put into staging a home.

Upcoming Fun Stuff:

Every Saturday at Keystone – kids parade thru River Run 4pm, Fireworks 7pm

Jan 13-16 Ullr Fest Town of Breck celebrates winter with parades, the world’s longest shotski & flying frying pans

Jan 23 Frisco Brewski happy hour ski tour

Jan 26 – Feb 7 Intl Snow Sculpture Championships – Breck, behind the Riverwalk. These impressive creations will amaze you!

What else would you like to know? Just ask! (Feeling shy? Visit www.LakeDillon.com and search the MLS on your own.)

Laura Champe Owner, Lake Dillon Realty

970-390-9321 laura@lakedillon.com www.LakeDillon.com

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