3rd Quarter 2016 Mountain Resort Report

Market Trends

Courtesy of Land Title Company; we'd like to share some valuable information on the real estate market in seven of our Colorado mountain communities of Aspen (Pitkin County), Breckenridge (Summit County), Steamboat Springs (Routt County), Glenwood Springs (Garfield County), Winter Park (Grand County), and Vail (Eagle County) and Telluride (San Miguel County). Here are some highlights.

Eagle County;

•Median Residential Price up 7.84% from Q3 LY numbers
•Gross Sales Volume down 9.38% from LY numbers
•Average Residential Price up 6.08% from Q3 LY numbers
•Real Estate Transactions down 8.13% from Q3 LY numbers
•Buyer Profile: 57.09% Local, 14.95% Front Range, 26.92% Out-of-State, 1.04% International

Pitkin County;

•Median Residential Price down 32.71% from Q3 LY numbers
•Average Residential Price down 34.74% from Q3 LY numbers
•Gross Sales Volume down 39.94% from LY numbers
•Real Estate Transactions down 9.91% from Q3 LY numbers
•Buyer Profile: 55.92% local, 5.34% Front Range, 36.89% Out-of-State, 1.86% international

Summit County;

•Median Residential Price up 4.87% from Q3 LY numbers
•Average Residential Price up 1.97% from Q2 LY numbers
•Gross Sales Volume down 1.35% from LY numbers
•Real Estate Transactions up 3.12% from Q3 LY numbers
•Buyer Profile: 31.91% local, 37.1% Front Range, 30.59% Out-of-State, 0.40% International

See the complete report at; Mountain Resorts Q3 Analysis