ResideInSummit.com Blog: Keystone Colorado Condos For Sale & Market Update – February 2015

Keystone Colorado Condos For Sale & Market Update – February 2015

Currently there are 75 Keystone Colorado condos for sale with an average list price of $349,365.  The properties range in price from $118,900 for a studio in Slopeside up to $1,129,000 for a 3 bedroom ski in/ski out Timbers on River Run condo.  There are 14 Keystone condos under contract, 23 condos have already sold in 2015 with an average sales price of $336,793.  The average sold price in 2015 has increased by +16.3% over the average sales price in 2014 of $289,710.  The average sold price per square foot for 2015 has gone up +7.2% to $327/SF compared to the average in 2014 of $305/SF.

Keystone Colorado Condos For Sale & Market Update - February 2015

The Keystone CO real estate market stabilized and leveled out in 2013 and 2014 with average sales prices of $288,902 and $289,710 respectively.  This same stabilizing of the market occurred with condos in Keystone, Colorado in 2005/2006 where the average sales price was $271,512 and $273,013.  The following year in 2007 the average sales price jumped to $383,020 which equates to a +40.3% increase.  It is evident that a similar market trend that occurred between 2005 – 2007 is happening currently with sales prices starting to increase in the Keystone Colorado condo market.

Keystone Colorado Condos For Sale & Market Update - February 2015

While the Keystone condo market is steadily showing signs of improvement the good news for Buyers is that the Keystone real estate market has not yet fully recovered back to the height of the market in 2007/2008.  This means Buyers still have an opportunity to get into the market not at the bottom but at the start of the recovery in Keystone, Colorado.  To discuss your specific criteria for a Keystone Colorado condo contact Justin and Krystal Knott with LIV Sotheby’s International Realty.  We are full time Keystone Colorado Realtors with over 18 years combined experience.  We know the Keystone Colorado real estate market very well as we also live in Keystone.  Call us today at 970.333.9050 or browse all Keystone Colorado properties for sale on our website.

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Keystone Colorado Condos For Sale & Market Update - February 2015

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Justin & Krystal Knott

LIV Sotheby's International Realty

877.333.9050 Toll Free
970.333.9050 Justin's cell
970.333.0116 Krystal's cell

Knott@SothebysRealty.com

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Comment balloon 2 commentsJustin & Krystal Knott • February 26 2015 10:22AM

Comments

Hi Krystal - Nice market report. With prices on the rise, now would be a great time to think about a great second home in a marvelous year-round resort community.

Posted by Dick Greenberg, Northern Colorado Residential Real Estate (New Paradigm Partners LLC) almost 3 years ago

Hi Justin and Krystal,  Always good to get an update on what's happening in your neck of the woods!  

Posted by Michael Dagner, Your Denver Homes Realty Expert (Brokers Guild Classic) almost 3 years ago

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