DENVER – The breakneck pace of real estate sales continues in Colorado’s High Country, with each resort community setting new records every month this year.

Last year, a record number of buyers paid the highest prices on record for properties in and around resort towns. In eight resort-anchored Western Slope counties last year – including Summit – $ 6.6 billion traded hands until August as shoppers flocked to mountain communities during the pandemic.

As of August of this year, Land Title Guarantee Co. recorded sales volume of $ 11.2 billion in those same counties, an increase of 71% from 2020. With four months remaining in the year , the sales volume in resort counties in 2021 has already exceeded the total. 2019 sales of over $ 2 billion.

Prices also continue to climb, with most resort areas seeing average and median single-family home prices this year rise 10-30% from 2020. And that pressure is forcing record numbers of buyers in long-neglected areas. from Colorado.

In recent years, the people of Summit County have cashed in and moved by Hoosier Pass to Fairplay and Alma in Park County. Now all kinds of buyers are coming to Park County, said Courtney Peroutka, chair of the board of directors of the Summit Association of Realtors, who left Summit County 16 years ago. Many longtime homeowners in Summit and Park counties are selling and moving, taking in record prices, she said. But many of them are leaving the region or even the state, she said.

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