THE AMY NAKOS GROUP
Market Updates
December 2024 Market Report
While average pricing didn’t show any softening in the market, those stats are pulled up by higher priced luxury properties which sold at a good pace in 2024. In 2024, 126 properties over $3m sold. In 2023, only half that number sold at 67.
November 2024 Market Report
130 Residential Sales in November:Last month was 144. 99 Pending properties in NovemberLast month 135 properties went under contract. There will be less closings given this decline in pending sales. November showings per listing is 1.8 down from 2.8 in October.This...
Market Update: October 2024
I always tell clients that real estate moves slowly. We are seeing similar numbers in statistics as we have in past months, but anecdotally, we have been able to get some great deals for buyers on properties recently, suggesting that pricing could be softening, but we...
Market Update: April 2024
We are preparing for the summer selling season at The Amy Nakos Group. We are looking to add approximately 10-15 listings in May and June. If other brokerages are also preparing to release new listings, we could see some great new inventory hitting the market soon. ...
April Market Update
Same old story here. Pricing is really holding steady. Average sales price (trailing 12 months) is up slightly in March from $1.291m in February to $1.309 in March.March only had 84 sold residential listings, down from 95 in February. This is a little...
March 2024 Summit County Market Report
February Sold Listings jumped up a bit to 94 from a paltry 61 in January. This sales number is in line with the previous 5 years showing that the market is remaining strong despite the headwinds of higher interest rates.Median Sales price is $999,000 and Average Sales...
February 2024 Market Update
I am still surprised at the resiliency of the pricing in our market. Resort markets like ours are holding strong because of the desirability of the location and amenities, which keep demand very high. With high demand, the competition keeps the pricing competitive,...
Real Estate Market Update: January 2024
Here is how the market is faring for all Summit County residential real estate. Sold Listings December 2023 saw a total of 94 closings which is the least it has been since 2015, which is as far back as the software data goes. Historical number of sales in December:...
Summit County Market Update: November 2023
Last month I reported that the market was steady. And it still is, relative to the last 18 months or so. With 11 interest rate hikes since March 2022, along with substantial short-term rental restrictions in Summit County, our market is seeing signs of a new normal...
Real Estate Market Report for Summit County October 2023
There were 142 sold listings in Summit County in September. Not great, not terrible. Pretty much in line with the level of activity we have seen this summer. Nothing can really compare to 2020 and 2021 with the Covid influx of buyers. So, it looks like we are back to pre-pandemic sales numbers.
September 2023 Real Estate Market Report
We completed our Mountain Trends report for 2Q2023 with data through June 30, 2023. I have included a FULL copy of the trends packet that covers not only Summit County, but also Grand County, Vail/Beaver Creek, and Durango. You will see that there is a slight decline...
August 2023 Summit County Real Estate Market Report
Last month I was disappointed in the drop off in transactions in our market. July is a bit higher, but is still below historic numbers. July 2023 has a total of 122 closings. Historically this is at about 65-70% of usual transactions. July 2022 was also quite low, at...