How's the Market in Summit County?

The Summit County Market: Residential sales through the end of February resulted in a decrease in the number of sales (-2%), a decrease in the average sold price down -4% to $526,695 and an average percent of list to sold price that remained the same at 95%.

But, breaking the sale down by the North Side of the county (Frisco, Copper, Keystone, Dillon and Silverthorne combined) and the South Side (the Breckenridge market) shows a different story.

The North Side Market: Residential sales through the end of February resulted in a decrease in the number of sales to the tune of -18%, a decrease in the average sold price of -11% to $392,378 and an average percent of list to sold price remained the same at 95%.

The South Side Market: Residential sales through the end of February resulted in a 24% increase in the number of sales, a decrease in the average sold price of -8% to $668,914 and the average percent of list to sold price increased by a percentage point to 95%.

Where have the sales occurred: The sold market through February, 48% of the sales took place in the South Side and 52% in the North Side. Jan - Feb of 2013 that ratio was 38% in the South Side and 62% in the North Side.

Where will the sales occur: The current under contract 'resale' market shows that the up and coming closings will remain at the same ratio as the first two months, 48% in the South Side and 52% in the North Side.