The year 2014 was exciting all around Summit County in regards to the economy and real estate transactions. Copper saw an overall increase for residential sales in 2014 compared to 2013. The total number of residential sales in Copper for 2014 was 74 properties. In comparison to 2013 with 54 residential sales. That’s an increase of 37%. Copper saw a boost in sales in October topping out at 17 closed residential sales for the month. April, June and November tied at 3 residential sales, making them the lowest 3 months of the year 2014.
The average sale price for residential properties in 2014 was $388,805 down from the average sales price in 2013 at $407,261. Prices at Copper for residential sales are down 5%. Average days on the market for residential properties went up in 2014; from 335 in 2013 to 384 days in 2014. Increasing by 49 days on the market.
We are expected to see a continued growth in 2015 for Copper Mountain real estate. Be sure to check back here monthly for updates on the Copper Mountain real estate market.