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Keystone Real Estate Selling Season Wrap Up

Posted in: Keystone, Keystone Info and News, Sellers, Buyers
By Cornerstone
Nov 23, 2009 - 3:48:15 PM

With the resort opening last weekend and snow in the forecast, spirits are high around Keystone Resort!  The end of the summer selling season delivered Keystone's best month of sales since November 2007.  Last month in Keystone there were 27 closings for a total volume of $17,412,050, which was 5 times the average of all other months in 2009 and more than double the average for all months in 2008!  With 7 properties sold so far this month and 18 currently under contract, November's transactions will likely be on par with October's.

Year to date transactions are down 38% and sales volume is down 33% in Keystone compared to the same time last year.  Although the number of sales and sales volume are down average prices are holding steady.  The average Keystone single family home sold price year to date is $1,354,750, actually up compared to last year and about equal with 2007.  While the average Keystone multi-family (includes duplexes, condos and townhomes) sold price year to date is $412,827, this is down 6% compared to last year and nearly equal to the average sold price from 2007.  These averages are commensurate with what we are actually experiencing; most properties selling today are selling at or around 2007 values.

If you've been thinking of trading up now is a great time.  Although you won't be able to sell your current property at top dollar, you will be able to make up the difference with a great deal on the property you're trading into!  If you've been thinking of acquiring another investment in the Keystone area now is the time to act.  The best deals are being picked up quickly!  If you have any friends or family who have been thinking of purchasing Summit County property give them our info or send them to our website so we can help them take advantage of this buying opportunity!

If you are thinking about selling call the Keystone real estate experts at Cornerstone Real Estate Company.  Although sellers are in a tough spot in today's market there are buyers out there, so if you price your property well we can market and sell it!  Four of our new listings in October received offers and went under contract in three weeks or less!  We now have 22% of our listing inventory under contract, while county-wide only 10% of the active inventory is pending.

Regardless of whether you're thinking of selling right now give us a call and let us know what we can do to assist you.  We want to be your resource for Keystone real estate!

Search Keystone Homes and Condos on the Summit County MLS

   



Cornerstone Real Estate Company


23110 Hwy 6 #107
Keystone, CO 80435

111 A Lincoln Avenue
Breckenridge, CO 80424

970-513-8200 Office
866-441-0112   Toll Free
 


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