The Frisco Colorado real estate market is continuing to improve even though the average sales price for the first quarter of 2016 is down slightly compared to all of 2015. While the average sales price of Frisco, Colorado properties is down -3.0%, the average sold price per square foot has increased +5.9%. With only 22 sales so far in 2016, it is highly probable that by the end of the 2nd quarter of 2016 the average sales price will surpass that of 2015.
At the height of the Frisco Colorado real estate market in 2007, the list price to sales price percentage was 98%, in 2010 this dropped to 94% but has since recovered to 99% in 2016. Currently, there are only 25 residential properties for sale in Frisco, Colorado. With 223 sales in all of 2015, the absorption rate is notably low at 1.35 months. However, in 2015 Frisco, Colorado only accounted for 11.4% of total residential sales in Summit County real estate. The first-quarter sales in 2015 were 25 compared to the first quarter in 2016 with 22 sales. With low inventory and the Summit County real estate market coming into the busier season of spring/summer more properties should not only come on the market but also sell in Frisco, Colorado.
To discuss the Frisco Colorado real estate market or other areas in Summit County, Colorado contact Krystal Knott with LIV Sotheby’s International Realty. They can answer any questions you have about specific properties, complexes or the market in general. Contact them directly at 970.333.0116 or email them at knott@sothebysrealty.com.
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