Land Title Guarantee Company has provided us with a Summit County Market Report for 2025 through July 31st. We are seeing a downward trend in prices this year. We are slightly above last year in terms of the number of transactions, but we are also seeing more properties come on the market this year compared to the previous 4 years. For some sellers it has been a frustrating year – significantly more inventory but buyer activity is not increasing to keep up with the higher inventory.
Through July 31, 2025, we had a total of 900 transactions compared to 836 for the same period last year (an 8% increase). We have had $1,189,960,434 in total volume of transactions compared to $1,136,601,374 for the same period last year (a 5% increase).
Average Sales Prices are trending downward:
- Single Family Homes: $2,374,982 which is down 1% from 2024 which was $2,388,692
- Multi-Family Homes: $997,170 which is down 4% from 2024 which was $1,041,536
- Land: Land took a big leap of 30% to $924,563 compared to $713,414 for 2024
Median Sales Prices are also trending downward:
- Single Family Homes: $1,900,000 which is down 4% from 2024 which was $1,986,750
- Multi-family Homes: $860,000 down 2% from 2024 which was $875,000
- Land: $537,500 down 9% from 2024 prices at $592,500.
Who is Buying in Summit County, Colorado?
I think it is interesting to see who owns property in Summit County. Year-to-Date for 2025, it is pretty evenly split between local buyers, front range buyers, and Out-of-State Buyers:
There have been 900 real estate transactions so far this year:
- · 32% of Buyers in 2025 have been local (their primary address is in Summit County)
- · 34% of Buyers have come from Colorado’s Front Range (the I-25 corridor)
- · 34% of Buyers have been from out of state. To break that down even further, these are the states bringing the most buyers:
- o Texas – 22.8%
- o Florida – 12.7%
- o Kansas – 6.2%
- o Illinois – 4.6%
- o California – 3.9%
- o Minnesota 3.9%
· There were 2 transactions with International buyers (.2%)
What does all this mean?
If you are a buyer in this market, you have plenty of options across all of the price points and some sellers are a bit more eager to sell than others, so you could find some decent deals out there.
If you are a seller, keep in mind that if you have owned your property since before 2020, you have already seen incredible increases in your property value with over 20% for both 2020 and 2021. You are not losing money, you’ve had incredible value increases. But this year, you need to get realistic with a sales price. If your goal is to sell this year, then your price needs to show value to a potential buyer.
Call Nelson Walley Real Estate to learn more about market trends and how they can benefit you!!