PUBLIC POLICY CHANGES * Towns and County have implemented Short-term rental restrictions* Towns/Summit County has established workforce housing as a top priority DEVELOPMENTS * Breckenridge Gondola lot Development approved for 300,000 s.f. developemnt * Keystone Gondola parcel development is proceeding Commercial RE Velocity (Source – Land Title Guarantee Company) 2020 YTD 2021 YTD %+- Commercial…
PUBLIC POLICY CHANGES
* Towns and County have implemented Short-term rental restrictions
* Towns/Summit County has established workforce housing as a top priority
DEVELOPMENTS
* Breckenridge Gondola lot Development approved for 300,000 s.f. developemnt * Keystone Gondola parcel development is proceeding
Commercial RE Velocity
(Source – Land Title Guarantee Company)2020 YTD
2021 YTD
%+-
Commercial Sales Volume
$93.5M
$204.9M
119.2%
Commercial Transactions
58
66
13.8%
Residential
Real Estate
(Source – Land Title Guarantee Company)
Residential Total Sales
$2,069,655,256
$2,721,828,813
31.5%
Residential Average Price (Single Family Home)
$1,386,525
$1,717,028
23.8%
Residential Days on Market
61
27
-55.7%
Residential Listed For Sale
173
111
-35.8%
Summit County Sales Tax Indicators (thru Nov 2021)
All Sales Taxes
$18.11M
$23.3M
28.6%
Lodging Taxable Revenue
$163.8M
$243.8M
48.8%
Retail Taxable Revenue
$136.3M
$189.8M
39.3%
