Breckenridge / Summit County Market Update Q4 2021
PUBLIC POLICY CHANGES
* Towns and County have implemented Short-term rental restrictions
* Towns/Summit County has established workforce housing as a top priority
DEVELOPMENTS
* Breckenridge Gondola lot Development approved for 300,000 s.f. developemnt * Keystone Gondola parcel development is proceeding
| Commercial RE Velocity (Source – Land Title Guarantee Company) | 2020 YTD | 2021 YTD | %+- |
| Commercial Sales Volume | $93.5M | $204.9M | 119.2% |
| Commercial Transactions | 58 | 66 | 13.8% |
| Residential Real Estate (Source – Land Title Guarantee Company) | |||
| Residential Total Sales | $2,069,655,256 | $2,721,828,813 | 31.5% |
| Residential Average Price (Single Family Home) | $1,386,525 | $1,717,028 | 23.8% |
| Residential Days on Market | 61 | 27 | -55.7% |
| Residential Listed For Sale | 173 | 111 | -35.8% |
| Summit County Sales Tax Indicators (thru Nov 2021) | |||
| All Sales Taxes | $18.11M | $23.3M | 28.6% |
| Lodging Taxable Revenue | $163.8M | $243.8M | 48.8% |
| Retail Taxable Revenue | $136.3M | $189.8M | 39.3% |
