As the ski season gets going more and more people are asking
me “How’s the Keystone Real Estate Market doing?”
The short answer is that it seems to be improving but, let’s take a
closer look.
Let’s start
with the bad news. When comparing
November of 2011 to November of 2012, Keystone saw the number of transactions
rise 6% from 16 to 22 while the average sales price fell 9% from $364,116 to
$329,768. However, it is important to
note that this is a fairly limited view of a small sample size.
For a
larger sample size (and some good news) let’s look at the first 11 months of
2011 compared to the first 11 months of 2012.
This year Keystone has seen 175 residential transactions which represents
a 37% increase to the 128 last year.
Furthermore, the average sales price has risen 6% from $422,803 last
year to $447,625 this year.
Looking
forward there are currently 226 active listings in Keystone which represents a
little over a year worth of inventory.
Nearly half of these listings (123 specifically) are listed under
$400,000 and 23 of them are listed over $1,000,000. As always, please feel free to contact me
anytime with questions.
All the best,
Tyler MacGuire e-PRO®, SFR, CNE
Broker Associate
Omni Real Estate Company
Office: 970-468-2740
“Your Guide to Summit County Real Estate”
This information is based
exclusively on data pulled from the Summit County MLS on 12/4/12.
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