The number of luxury homes sold (sales over $1 million) in the resort markets of Summit County (Breckenridge, Copper, Keystone), and Eagle County (Vail Valley and Beaver Creek), showed signs of balance year-over-year and month-over-month according to a December 2015 luxury market report prepared by LIV Sotheby’s International Realty.
In December, Eagle and Summit counties saw a high volume of activity, specifically in regards to property tours, due to an increased number of international visitors and second-home owners in town for the height of ski season.
Resort communities offer a relatively stable luxury market, due to their abundance of top-tier dining, shopping and year-round activities that rival major metropolises. In addition, there have been emerging job opportunities where young professionals can find jobs in small private finance firms, non-profits and have the ability to work remotely with today’s global technology.
“Our residential luxury market demonstrated a stable December,” said LIV Sotheby’s International Realty managing broker, Melanie Frank, Breckenridge. “Buyers and investors are using ski season months to assess available inventory and strategize the ideal time to buy.”
In Summit County, luxury numbers demonstrated relative balance with 13 homes with a price tag of more than $1 million sold in December, down from 14 homes sold year-over-year (statistics pulled from SAR, MLS).
Month over month, in the resort communities of Eagle County, luxury numbers showed stability with 29 homes with a price tag of more than $1 million sold in December, 2015, compared to 30 homes sold in November, 2015 (statistics pulled from Vail Board of Realtors, MLS).
“The real estate sales market continues to show signs of balance,” said Dan L. Fitchett, Jr., managing broker, LIV Sotheby’s International Realty, Vail Valley. “Sales volume reflected just a 3-percent decrease over the previous month. With the height of the winter season upon us, the market is expected to experience a steady growth in both the number of transactions and sales volume.”
The proximity to the famous Colorado Rocky Mountains that living in Eagle and Summit counties affords continues to position Colorado as one of the leading resort community destinations worldwide. With the increasing desire for lifestyle-inspired home purchases, the resort market is projected to see growth, especially during busy winter months.
LIV Sotheby’s International Realty compiles monthly, quarterly and year-end reports to help consumers make better real estate decisions, whether purchasing or selling a home.
To access current market reports, visitcoloradomarketreports.com. For more information, contact Brittanny Havard, public relations manager, LIV Sotheby’s International Realty at 303-486-3738. To service all of your real estate needs, visit LivSothebysRealty.com.
– LIV Sotheby’s International Realty, the exclusive Board of Regent for the Who’s Who in Luxury Real Estate, has 11 office locations in the Denver Metro and surrounding areas, including Boulder, Castle Pines Village, Cherry Creek, Clayton Street, Denver Tech Center, Downtown Denver, Evergreen and the resort communities of Breckenridge and the Vail Valley. For more information call 303.893.3200. To service all of your real estate needs visit www.livsothebysrealty.com.
