The Copper Mountain real estate market has vastly improved in the first quarter of 2016 compared to all of 2015. The average sold price increased +20.56% from $355,309 in 2015 to $428,375 so far in 2016. However, the average sold price per square foot is only up +9.45%. Overall, the Copper Mountain real estate market is on the rise with 12 sales so far this year compared to only 7 sales in 2015.
Currently, there are 70 residential properties for sale in Copper Mountain, Colorado. In all of 2015, there were 98 sales which give Copper Mountain approximately 8.5 months of inventory. While there is more inventory than other towns in Summit County, the average list price to sales price is currently 97%. Average days on the market has also fallen from 287 in 2015 to only 227 so far in 2016. All of this information is showing signs that the Copper Mountain real estate market is continuing to recover and improve.
If you love visiting and skiing in Copper Mountain now is a great time to consider purchasing property in Copper Mountain! There are properties for sale in Copper Mountain starting at $208,000 for a studio up to $3,495,000 for a 7 bedroom single family home in Lewis Ranch at Copper Mountain. For additional information about Copper Mountain real estate, specific properties and all Summit County real estate, contact Krystal Knott with LIV Sotheby’s International Realty. You can call them directly at 970.333.0116 or by email knott@sothebysrealty.com.
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