Summit County business briefs: Report shows jump in housing prices
June 28, 2016
NWCCOG economic update reports jump in housing prices
Summit County saw increases in average and median residential prices for the first quarter of 2016, according to a regional economic update released by the Northwest Colorado Council of Governments (NWCCOG). According to the report, from Q1 2015 to Q1 2016, the medial residential price rose 16.4 percent in Summit (from $354,500 to $412,500).
Other northwest Colorado counties saw mixed results: Pitkin reported a 68.1-percent increase in the median residential price, while Grand saw a 1.4-percent increase and Eagle saw a 14.3-percent decrease.
The average residential price in Summit jumped 9.1 percent, from $536,768 to $585,809. Meanwhile, the county also saw increases in the average residential price per square foot, up 5.7 percent at $364.57 per square foot.
The update did bring some good news, with a decrease in unemployment throughout the entire area. As of March 2016, Summit's unemployment rate was down to 1.8 percent, from 2.6 percent in March of 2015.
To read the full report, visit http://nwcoloradobusiness.org/about-the-region/regional-economic-data/
Recommended Stories For You
Dillon Ridge Liquors donates to specialty care and infusion center
Summit Medical Center Health Foundation, St. Anthony Summit Medical Center and Centura Health Physicians Group Medical Oncology, Frisco, would like to recognize the generous donation of Dillon Ridge Liquors to the Specialty Care and Infusion Center project at St. Anthony Summit Medical Center. Thanks to Mike Smith and many generous wine enthusiasts, the Foundation is one step closer to providing convenient access to optimal care.
Dillon Ridge Liquors recognizes the challenges of living in the mountains and believes access to high quality specialty and cancer care should not be one of them. That's why they selected the Summit Medical Center Health Foundations' project to build the new Specialty Care and Infusion Center as the beneficiary of their recent wine tasting.
The Specialty Care and Infusion Center project will address the increasing demands for high quality specialty and cancer care. The Center will provide infusion treatments and allow specialists of other disciplines to have more of a presence in the mountains, bringing convenient local care that allows patients to spend less time driving and more time recovering with family.
"We are so thankful for the opportunity to connect with the wine enthusiasts of the Dillon Ridge Liquors wine tasting at the Keystone Ranch," Summit Medical Center Health Foundation development officer Kelly Hall said in a statement. "We appreciate Dillon Ridge Liquors' commitment to providing convenient local care that allows our community to live where they love."
Silverthorne approves preliminary site plan for new development
After a lengthy discussion, Silverthorne Town Council approved a preliminary site plan to construct 46 condominium units in five three-story buildings on Blue River Parkway. The riverfront condos, dubbed Blue River Flats, were voted in during a Wednesday, June 22 town council meeting with the requirement that a 25-foot pedestrian path easement is included along the river.
The project would be developed on 2.32 acres of land on the west bank of the Blue River. Units range from 900 square feet to just over 1,800.
— Compiled by Elise Reuter
Trending In: Business
- Breckenridge Distillery to celebrate 10th anniversary this week
- Williams Sonoma outlet coming to Silverthorne this fall
- Sale of Hudson dealership paves way for new Silverthorne development
- Mountain law: Four things I’ve learned about tiny houses in Colorado (column)
- Merger creates new Silverthorne-based waste-and-recycling service