THE SLIFER REPORT SUMMIT COUNTY REAL ESTATE 215 ANNUAL MARKET REVIEW TABLE OF CONTENTS Introduction... 2 Summit County Overview...3-4 Breckenridge...5-6 Copper Mountain... 7-8 Dillon... 9-1 Frisco... 11-12 Keystone...13-14 Silverthorne...15-16 Market Share... 17 SSF Office Information... 18 SUMMITCOUNTYREALESTATE.COM
Slifer Smith & Frampton Real Estate is fortunate to have called the Colorado Mountains home for over 5 years and our passion is assisting clients with finding their special place in this dynamic community. To help keep you well informed in this ever changing marketplace, The Slifer Report offers a comprehensive look into market performance in each of our unique mountain towns: Breckenridge, Copper Mountain, Dillon, Frisco, Keystone, and Silverthorne. Across these six communities, the 215 trend was continued growth in sales activity and property values. With residential and land sales volume reaching the 1 billion mark for the first time in eight years, 215 was an outstanding year for Summit County real estate. Transactions have been on a steady incline since 29 and reached their highest levels in eight years, totaling 2,17 transactions and over 1.2 billion dollars in 215. Gains were seen in average sales price across all communities, in nearly every segment including single-family homes, multi-family homes, and homesites. Available inventory and average days on market continue on a downward trend. In what was an incredible growth year for the local real estate market, Slifer Smith & Frampton is proud to be the #1 real estate brokerage in Summit County. With 45 million in transactions last year, our knowledgeable team of brokers helped clients sell more mountain real estate than any other brokerage in Summit County. Slifer Smith & Frampton also takes pride in being the leading brokerage for marketing and selling luxury properties of 1 million and up, having sold 49% more luxury sales than our next closest competitor. We are here to help clients fulfill their dreams of ownership in the mountains and welcome you to come in and see us at one of our four conveniently located offices in Frisco, Keystone, and Breckenridge. We look forward to assisting you with your 216 real estate needs. Best Regards, Jeff Jeff Moore Managing Broker, Summit County Slifer Smith & Frampton Real Estate * Data gathered from the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Cover photo courtesy of Slifer Smith & Frampton, Meredith Holt
215 SUMMIT COUNTY OVERVIEW TRANSACTION COMPARISON 3 2,888 25 2,459 2 2,17 NUMBER OF 15 1 5 1,84 1,634 1,352 1,43 1,195 1,92 26 27 28 985 29 21 211 212 213 214 215 COMPARISON 1.4B 1.2B 1.28B 1.31B 1.15B 1.B -BILLIONS 8 6 4 2 91.5 815.2 795.2 718.9 584.5 597.8 594. 26 27 28 29 21 3
215 SUMMIT COUNTY OVERVIEW 7, PRICE HISTORY 65, 62,965 593,469 6, 547,456 549,937 55, 534,56 52,766 5, 497,153 486,697 55,18 45, 443,563 4, 35, 3, 26 27 28 29 21 ACTIVE INVENTORY BY MONTH 3, 2,75 2,582 2,5 2,25 2,218 2,72 NUMBER OF RESIDENTIAL & LAND PROPERTIES LISTED 2, 1,75 1,5 1,25 1, 75 5 1,813 1,657 1,487 Jan 1 Apr 1 Jul 1 Oct 1 Jan 11 Apr 11 Jul 11 Oct 11 Jan 12 Apr 12 Jul 12 1,348 4 1,747 1,188 1,687 Oct 12 Jan 13 Apr 13 Jul 13 Oct 13 Jan 14 Apr 14 Jul 14 Oct 14 1,1 1,271 Jan 15 Apr 15 Jul 15 Oct 15 712 Jan 16
BRECKENRIDGE HIGH LOW 1MILLION+ 211 188,174,387 227 266 828,962 3,275, 169,9 7, 62 212 235,856,451 269 228 876,79 5,57,13 15, 675, 7 213 239,48,646 293 227 817,34 3,4, 195, 66, 73 214 285,782,322 298 211 959,1 3,64,593 21, 762,5 14 215 313,11,65 32 29 1,36,462 3,9, 239, 762, 18 HIGH LOW 1MILLION+ 211 118,268,874 26 298 454,88 2,685, 18, 366,75 12 212 11,35,596 272 279 45,535 1,28, 73, 35, 5 213 149,433,128 344 29 434,399 1,93, 11, 362,5 18 214 158,229,974 344 198 459,971 1,9, 5, 41,5 13 215 227,895,222 43 182 529,989 2,665, 127,9 426,5 37 HOMESITES HIGH LOW 1MILLION+ 211 14,262,75 56 282 254,692 1,575, 16, 193,45 2 212 26,11, 7 427 373, 2,55, 15, 177, 6 213 25,625,495 68 498 376,846 2,35, 12, 23, 4 214 26,63,25 72 458 369,49 1,598, 35, 242, 5 215 43,647,749 97 344 449,847 1,25, 3, 254, 8 PRICE PER SQUARE FOOT COMPARISON HIGH: 877 79 779 833 HIGH: 1,71 1,124 1,226 1,22 LOW: 87 88 121 8 LOW: 121 126 182 157 : 283 294 331 346 : 39 416 344 475 5
BRECKENRIDGE SINGLE-FAMILY MULTI-FAMILY MULTI-FAMILY 35 25 3 25 2 15 1 5 313 285.7 235.8 239.4 188.1 2 15 1 5 227.8 149.3 158.2 118.2 11.3 TRANSACTION SINGLE-FAMILY TRANSACTION MULTI-FAMILY TRANSACTION MULTI-FAMILY TRANSACTION 35 5 3 25 2 15 1 5 293 298 32 269 227 4 3 2 1 43 344 344 26 272 PRICE MULTI-FAMILY PRICE MULTI-FAMILY PRICE 1,2, 6, 1,, 8, 6, 876,79 828,962 817,34 959,1 1,36,462 5, 4, 3, 454,88 434,399 45,535 459,971 529,989 4, 2, 2, 1, PRICE/SQ.FT. MULTI-FAMILY PRICE/SQ.FT. 4 5 35 3 25 2 331 346 283 294 45 4 35 3 475 416 39 344 6
COPPER MOUNTAIN HIGH LOW 1MILLION+ 211 6,899, 3 372 2,299,667 2,849, 1,8, 2,25, 3 212 1,7, 1 31 1,7, 1,7, 1,7, 1,7, 1 213 3,65, 2 926 1,825, 1,9, 1,75, 1,825, 2 214 3,99, 2 646 1,995, 2,3, 1,69, 1,995, 2 215 n/a n/a n/a n/a n/a HIGH LOW 1MILLION+ 211 1,11,25 28 261 36,759 1,275, 71,5 332,5 1 212 13,634,36 41 362 332,545 832, 129,9 348, 213 18,342,1 52 37 352,733 1,125, 138, 33, 2 214 24,781,595 72 321 344,189 889,2 8, 32, 215 34,82,25 98 328 355,39 868,15 1, 344, HOMESITES HIGH LOW 1MILLION+ 211 1,1, 1 1,1, 1,1, 1,1, 1,1, 1 212 1,85, 2 49 925, 1,2, 65, 925, 1 213 1,712, 2 328 856, 912, 8, 856, 214 n/a n/a n/a n/a n/a 215 1,25, 1 492 1,25, 1,25, 1,25, 1,25, 1 PRICE PER SQUARE FOOT COMPARISON HIGH: 491 479 514 n/a HIGH: 517 555 555 562 LOW: 491 35 46 n/a LOW: 176 17 197 198 : 491 415 487 n/a : 335 359 369 381 7
COPPER MOUNTAIN SINGLE-FAMILY MULTI-FAMILY MULTI-FAMILY 7 6 6.8 35 3 34.8 5 4 3 2 1 3.9 3.6 1.7 N/A 25 2 15 1 5 24.7 18.3 13.6 1.1 TRANSACTION SINGLE-FAMILY TRANSACTION MULTI-FAMILY TRANSACTION MULTI-FAMILY TRANSACTION 3 2 1 3 2 2 1 N/A 12 1 8 6 4 2 98 72 52 41 28 PRICE SINGLE-FAMILY PRICE 2.5 365, MULTI-FAMILY PRICE MULTI-FAMILY PRICE 2. 1.5 1..5. 2.2 1.9 1.8 1.7 N/A 355, 345, 335, 325, 315, 36,759 352,733 355,39 344,189 332,545 PRICE/SQ.FT. MULTI-FAMILY PRICE/SQ.FT. 5 25 491 487 415 N/A 4 375 35 325 3 381 369 359 335 8
DILLON HIGH LOW 1MILLION+ 211 26,218,353 53 188 494,686 915, 269, 495, 212 35,74,4 66 16 531,425 1,475, 2, 445, 3 213 37,61,925 7 136 537,299 1,3, 222, 372, 4 214 34,598,475 65 157 532,284 1,21, 275, 455, 2 215 43,183,1 7 162 616,91 1,138,5 34, 574,5 2 HIGH LOW 1MILLION+ 211 15,911,138 75 189 212,149 64, 64,888 215, 212 19,197,45 87 176 22,66 687,5 78, 179, 213 23,183,695 99 147 234,179 765, 79, 215, 214 32,327,32 122 121 264,978 728, 74, 25, 215 38,54,66 139 98 273,775 679, 12, 264, HOMESITES HIGH LOW 1MILLION+ 211 568, 4 215 142, 199, 115, 127, 212 1,179,9 7 339 168,557 325, 96, 114,9 213 913,45 7 626 13,493 166, 82, 141, 214 687, 5 546 137,4 155, 13, 145,5 215 879,75 5 59 175,95 215, 155, 162,5 PRICE PER SQUARE FOOT COMPARISON HIGH: 422 332 337 368 HIGH: 451 48 42 45 LOW: 124 11 137 114 LOW: 121 122 144 155 : 213 228 227 234 : 221 236 252 271 9
DILLON SINGLE-FAMILY 5 4 3 2 1 26.2 37.6 35 34.5 43.1 MULTI-FAMILY MULTI-FAMILY 4 38 3 32.3 2 23.1 19.1 1 15.9 TRANSACTION SINGLE-FAMILY TRANSACTION MULTI-FAMILY TRANSACTION MULTI-FAMILY TRANSACTION 8 7 6 5 4 3 2 1 53 7 66 65 7 16 12 8 4 139 122 99 75 87 PRICE MULTI-FAMILY PRICE MULTI-FAMILY PRICE 7, 6, 5, 4, 3, 2, 1, 616,91 494,686 531,425 537,299 532,284 3, 25, 2, 15, 1, 5, 264,978 273,775 212,149 22,66 234,179 PRICE/SQ.FT. MULTI-FAMILY PRICE/SQ.FT. 24 3 23 22 228 227 234 225 15 221 236 252 271 21 2 213 75 1
FRISCO HIGH LOW 1MILLION+ 211 27,423,515 43 25 637,756 1,3, 29,9 559, 3 212 24,786,583 36 271 688,516 1,225, 271,9 628,5 4 213 34,354,711 48 186 715,723 1,435,69 35, 713, 4 214 26,863,477 4 27 671,587 1,2, 345, 678,5 1 215 6,712,196 71 14 855,11 2,7, 315, 75, 13 HIGH LOW 1MILLION+ 211 36,388, 94 24 387,16 88, 126, 337,5 212 45,631,143 122 221 374,26 84, 125, 359, 213 41,357,63 112 163 369,264 854, 13, 349, 214 59,857,41 14 164 427,553 1,1, 157, 45, 1 215 67,452,37 152 144 443,766 1,, 162, 48,25 1 HOMESITES HIGH LOW 1MILLION+ 211 1,629,5 5 337 325,9 625, 222, 275, 212 2,2, 7 494 288,571 47, 165, 28, 213 1,549, 5 41 39,8 38, 188, 37, 214 1,183, 5 52 236,6 299, 14, 25, 215 2,634,9 9 538 292,767 4, 149,9 355, PRICE PER SQUARE FOOT COMPARISON HIGH: 423 833 65 938 HIGH: 449 512 488 53 LOW: 148 193 24 194 LOW: 166 188 26 211 : 264 319 38 349 : 294 298 332 359 11
FRISCO SINGLE-FAMILY MULTI-FAMILY MULTI-FAMILY 7 6 5 6.7 7 6 5 59.8 67.4 4 3 2 1 34.3 27.4 24.7 26.8 4 3 2 1 45.6 41.3 36.3 TRANSACTION SINGLE-FAMILY TRANSACTION MULTI-FAMILY TRANSACTION MULTI-FAMILY TRANSACTION 8 6 4 2 71 48 43 4 36 16 14 12 1 8 6 4 2 152 14 122 112 94 PRICE MULTI-FAMILY PRICE MULTI-FAMILY PRICE 9, 5, 75, 6, 45, 3, 15, 637,756 715,723 688,516 671,587 855,11 4, 3, 2, 1, 387,16 374,26 369,264 427,553 443,766 PRICE/SQ.FT. MULTI-FAMILY PRICE/SQ.FT. 4 4 3 2 264 319 38 349 3 2 294 298 332 359 1 1 12
KEYSTONE HIGH LOW 1MILLION+ 211 17,124,25 16 283 1,7,266 2,195, 31, 962,5 6 212 28,821,75 3 431 96,725 2,6, 29, 871,5 11 213 21,198,749 22 265 963,58 1,899,999 315, 995, 1 214 14,558,3 2 296 727,915 1,55, 468, 715, 2 215 37,55,7 37 257 1,1,55 3,5, 44, 875, 14 HIGH LOW 1MILLION+ 211 41,259,975 12 225 343,833 1,4, 118, 28, 1 212 57,939,49 166 215 349,3 1,1, 1, 32, 1 213 64,299, 196 216 328,56 1,49, 25,1 29, 1 214 79,458,45 247 234 321,694 1,7, 26,5 283, 1 215 95,913,849 269 174 356,557 1,778,8 28, 33, 5 HOMESITES HIGH LOW 1MILLION+ 211 652,5 3 386 217,5 335, 157,5 16, 212 2,296,3 1 34 229,63 375, 152,1 29,25 213 1,295, 7 153 185, 33, 14, 157,5 214 2,784, 9 744 39,333 475, 11, 32, 215 1,857,5 7 44 265,357 42, 8, 267,5 PRICE PER SQUARE FOOT COMPARISON HIGH: 468 445 398 66 HIGH: 617 621 785 78 LOW: 172 186 164 179 LOW: 125 126 132 14 : 281 293 3 313 : 35 33 31 338 13
KEYSTONE SINGLE-FAMILY MULTI-FAMILY MULTI-FAMILY 4 35 3 25 2 15 1 5 37 28.8 21.1 17.1 14.5 1 8 6 4 2 95.9 79.4 57.9 64.2 41.2 TRANSACTION SINGLE-FAMILY TRANSACTION MULTI-FAMILY TRANSACTION MULTI-FAMILY TRANSACTION 4 3 3 2 1 37 3 22 2 16 25 2 15 1 5 269 247 196 166 12 PRICE MULTI-FAMILY PRICE MULTI-FAMILY PRICE 1,4, 1,2, 1,, 8, 6, 4, 1.7M 96,725 963,58 727,915 1.M 36, 35, 34, 33, 32, 343,833 349,3 328,56 321,694 356,557 2, 31, 3, PRICE/SQ.FT. MULTI-FAMILY PRICE/SQ.FT. 32 35 35 29 275 26 313 293 3 281 335 32 35 29 338 35 33 31 14
SILVERTHORNE HIGH LOW 1MILLION+ 211 54,523,81 91 285 599,163 1,75, 16, 495, 12 212 8,484,984 125 255 643,88 2,26, 152, 565, 16 213 82,995,164 125 188 663,961 2,65, 9, 62, 17 214 99,827,671 146 188 683,751 2,375, 168, 627,5 18 215 19,63,12 157 186 694,67 1,8, 195, 627,5 18 HIGH LOW 1MILLION+ 211 27,825,69 13 173 27,152 547,82 87,5 245, 212 26,938,119 99 185 272,12 55, 84, 25, 213 45,392,567 167 151 271,812 59, 88, 245, 214 51,271,395 187 135 274,178 72, 92,5 247,5 215 67,578,552 214 92 315,788 73, 95, 295,7 HOMESITES HIGH LOW 1MILLION+ 211 5,763,254 12 536 48,271 3,963,555 55, 164, 1 212 4,979,23 19 416 262,65 775, 129, 247,2 213 2,869,4 15 598 191,293 265, 134,9 186, 214 7,744,5 29 52 267,52 5, 29,5 247,5 215 8,267,25 32 493 258,352 675, 149,5 227,5 PRICE PER SQUARE FOOT COMPARISON HIGH: 672 568 44 468 HIGH: 325 331 359 427 LOW: 113 85 1 116 LOW: 143 12 116 173 : 232 256 258 277 : 226 227 245 262 15
SILVERTHORNE SINGLE-FAMILY MULTI-FAMILY MULTI-FAMILY 12 1 8 6 4 2 19 99.8 8.4 82.9 54.5 8 7 6 5 4 3 2 1 67.5 51.2 45.3 27.8 26.9 TRANSACTION SINGLE-FAMILY TRANSACTION MULTI-FAMILY TRANSACTION MULTI-FAMILY TRANSACTION 18 25 15 12 9 6 3 146 157 125 125 91 2 15 1 5 214 187 167 13 99 PRICE MULTI-FAMILY PRICE MULTI-FAMILY PRICE 7, 6, 5, 599,163 643,88 663,961 683,751 694,67 35, 3, 25, 27,152 272,12 271,812 274,178 315,788 4, 2, 3, 15, 2, 1, 1, 5, PRICE/SQ.FT. MULTI-FAMILY PRICE/SQ.FT. 28 26 24 22 2 277 256 258 232 28 26 24 22 2 262 245 226 227 16
215 SUMMIT COUNTY MARKET SHARE OVERALL MARKET SHARE LAND & RESIDENTIAL 4 32 45 379.2 24 213 16 15 8 SSF RE/MAX BRECK ASSOCIATES CB-ROUNDS PORTER CORNERSTONE 1 96.5 LIV SOTHEBY S 85.3 PAFFRATH & THOMAS 57 56.6 COLORADO RE OMNI 52.7 CENTURY 21 GOLD LUXURY MARKET SHARE OVER 1MILLION LAND & RESIDENTIAL 15 151.7 12 9 95.5 9.2 6 72 3 SSF BRECK ASSOCIATES CB-ROUNDS PORTER RE/MAX 41.7 LIV SOTHEBY S 4.5 PAFFRATH & THOMAS 23.4 21.4 IM RESORTS PROPS CORNERSTONE 14 COLORADO RE 1 RE OF THE SUMMIT 17
SLIFER SMITH & FRAMPTON REAL ESTATE OFFICES FOR FURTHER REAL ESTATE MARKET INFORMATION PLEASE VISIT US AT THE FOLLOWING LOCATIONS THROUGHOUT SUMMIT COUNTY: BRECKENRIDGE 117 SOUTH MAIN STREET P.O. Box 959 Breckenridge, CO 8424 Phone: (97)453-99 211 NORTH MAIN STREET P.O. Box 874 Breckenridge, CO 8424 Phone: (97)547-6 FRISCO - SILVERTHORNE 4 MAIN STREET P.O. Box 2314 Frisco, CO 8443 Phone: (97)668-155 DILLON - KEYSTONE KEYSTONE RESORT, RIVER RUN VILLAGE 14 Ida Belle Drive F-12 P.O. Box 38-K61 Keystone, CO 8435 Phone: (97)496-4522 18