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, real estate sales are up nearly 61% for this year’s first quarter compared with 2020. According to Jack Wolfe, broker at LIV Sotheby’s International Realty in Breckenridge, it’s this statistic that stands out the most.
“That’s significant,” Wolfe said. “That’s probably one of the biggest bullet points or things that stand out to me because of how significant real estate sales are doing.”
March alone was up 127% in sales compared with 2020, which is on trend for the first few months of the year. February was up 23% compared with last year, and January was up 32%. This includes residential, commercial and timeshare sales.
Photo from Leah Canfield / Coldwell Banker Mountain Properties
Despite closures and restrictions due to the pandemic, Summit County’s real estate market had a record-breaking 2020.
Summit Realtors data show real estate sales in the county amounted to more than $2.06 billion, which is the first time in history the county has surpassed $2 billion.
“We have never done that before. It’s really amazing,” said Dana Cottrell, former board president of Summit Realtors and a broker with Summit Resort Group. “All of us felt it. We were all so busy because we went from nothing to hanging on by the seat of our pants.”