The year 2014 was exciting all around Summit County in regards to the economy and real estate transactions. Silverthorne saw an overall increase for residential sales in 2014 compared to 2013. The total number of residential sales in Silverthorne for 2014 was 333, up from 293 sold residential properties in 2013. Increasing total sales from 2013 to 2014 by 14%.
Silverthorne saw a huge increase in monthly sales over the course of 2014. Starting at the lowest in March with 12 sales and jumping up to 49 sales in July, making it the highest month in sales. Overall, the summer months were notably the busiest for residential sales spanning from July to October.
The average sale price for residential properties in 2014 was $480,111 in comparison to 2013 at $439,805. Increasing the sales price by 9%.
Average days on the market went down in 2014 for Silverthorne residential properties. In 2014 properties stayed on the market an average of 162 days in comparison to 167 days in 2013. Decreasing days on the market by 5 days for residential properties in 2014.
We are expecting to see a continued steady growth in real estate transactions for the year 2015. Be sure to check back here monthly for updates on the Silverthorne real estate market.