Summit County Colorado Jump In Home Prices

Posted by Bret and Meredith Amon on Thursday, June 30th, 2016 at 11:23am.

Summit County saw increases in average and residential median prices for the first quarter of 2016, according to a regional economic update issued by the Northwest Colorado Council of Governments (NWCCOG). According to the report, from Q1 2015 to Q1 2016, the median household price increased 16.4 percent in Summit (from $354,500 to $412,500).

Additional northwest Colorado counties observed various outcomes: Pitkin reported a 68.1-percent jump in the median household price, while Grand detected a 1.4-percent gain and Eagle observed a 14.3-percent drop.

The average household price in Summit leaped 9.1 percent, from $536,768 to $585,809. Meantime, the county additionally observed gains in the average household price per square foot, up 5.7 percent at $364.57 per square foot.

The report did produce some sound news, with a reduction in unemployment throughout the region. As of March 2016, Summit’s unemployment rate was down to 1.8 percent, from 2.6 percent in March of 2015.

Summit County, Colorado

Population (2014) 28,650

Jobs (2014) 27,685

Average Earnings (2014) $39,265

Unemployed (2/2015) 487

Completions (2013) 0

GRP (2013) $1,786,105,522

Exports (2013) $2,144,929,199

Imports (2013) $2,182,903,941

There has been 3.5 growth in population over the past five years in Summit County, while the state has grown 7.4%

SILVERTHORNE APPROVES PRELIMINARY SITE PLAN FOR NEW DEVELOPMENT

After a long conversation, Silverthorne Town Council authorized an introductory site plan to build 46 condominium units in five three-story buildings on Blue River Parkway. The water front condos, named Blue River Flats, were declared in during a Wednesday, June 22 town council meeting with the condition that a 25-foot pedestrian trail easement is incorporated along the river.

The plan would be developed on 2.32 acres of land on the west edge of the Blue River. Condos range from 900 square feet to just over 1,800.

Information shared from Elise Reuter

Some popular neighborhoods in Silverthorne include Eagles NestAngler Mountain RanchHamilton Creek, Blue River Run, Ponds, Retreat on the Blue and Ruby Ranch, which is a gated community with a fantastic equestrian center for your horses.

Please contact Bret or Meredith Amon to schedule a time to view homes for sale or to discuss selling your Summit County house.

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