Our colleagues at Land Title Guarantee Company have provided us with a Summit County Real Estate Market Analysis for February 2025.
Year-to-Date 2025 through the end of February monetary volume is pacing 14% higher than YTD 2024 and we are up 1% in the number of transactions during the same time period.
Year-to-Date 2025 through the end of February also provides us with the following statistics:
Single Family Homes: Average Price = $2,202,925 which is down 8% from 2024. Median Price = $1,735,000 which is down 13% from 2024.
Multi-Family Homes: Average Price = $1,186,002 which is up 14% from 2024. Median Price = $900,000 which is up 3% from last year.
Vacant Land: Average Price = $899,286 which is up 26% from 2024. Median Price = $550,000 which is down 7% from last year.
In the month of February, there were 21 transactions under $1M. There were 28 transaction between $1,000,001 - $2M. There were 10 transactions between $2,000,001 - $3M. And there were 6 transactions over $3M.
YTD for 2025, 32% of our buyers have been local buyers, 36% from the front range, 32% from out of State, but still within the US, and 1% of the transactions had an international buyer. Texas continues to bring us the most out-of-state buyers followed by Florida, with California, Illinois, and Minnesota tying for the 3rd spot.
It is too early in the year to make assumptions about 2025's real estate activity. With only 2 months of data under our belt, there have not been enough sales to truly reflect what is happening in the market. The general feeling seems to be that there will be more buyer activity in 2025.
With June - September as our peak sales months for Summit County real estate, now is the time to start planning for the sale of your home. Call us today at 970-368-4448 to learn about our marketing strategies and how we can help you extract the most value from your property.