Through September 2026, the countywide townhouse and condo median in Summit County was $870,000, up 8.7% from the same stretch of 2025. The same report shows 741 condos for sale, 9.2 months of supply, and an average of 91 days on market in September. Prices usually don't climb while supply grows this fast, so the gain is worth tracing to the condos that actually closed.
The town-level numbers point to a small group of brand-new, ski-in, ski-out buildings in Keystone and Breckenridge as a likely driver. Those sales pull the county figure up while attached homes in some other parts of the county sell for less than they did a year ago. If you're buying or selling an existing condo, the county median is measuring a different product than the one you're trading.
The number that ends up in a pricing conversation
The friction shows up when a seller sets an asking price. A condo owner in Silverthorne or Wildernest reads that Summit County condo prices are up almost 9% and reasonably expects some of that gain. A buyer sees 9.2 months of supply and expects room to negotiate. The same monthly report supports both people, and that's why an existing-condo deal can stall before anyone tours the unit.
There's a second gap in the published figure. The Colorado Association of REALTORS® county report notes in its own footnote that its median and average prices "do not account for seller concessions." Concessions are common in Summit County right now. Summit Daily reported that 220 of the county's 617 residential sales in the first half of 2026 included them, according to Dana Cottrell, president of the Altitude Realtors Association. The same report notes that concessions can include sellers paying points to lower a buyer's mortgage rate. So a closed price that looks strong on paper can hide a seller credit that never makes it into the median.
Nine months of supply and a 9% gain in the same report
The September 2026 condo report from the Colorado Association of REALTORS® and ShowingTime shows a market that has loosened on every measure except price:
| Townhouse/condo, Summit County | September 2025 | September 2026 |
|---|---|---|
| New listings | 94 | 129 |
| Sold listings | 112 | 76 |
| Days on market | 69 | 91 |
| Inventory | 650 | 741 |
| Months of supply | 7.6 | 9.2 |
| Median sale price | $816,000 | $890,000 |
New listings rose 37.2% and sales fell 32.1%, yet the median went up 9.1%. When supply grows that fast and buyers slow down, prices across the board usually don't climb. That combination points to a change in what sold, with no sign that every condo got more valuable.
A second clue sits in the year-to-date numbers. The condo average sale price rose 15.0% to $1,067,321 through September, almost twice the median's 8.7% gain. An average pulls ahead of a median when a few very expensive sales stretch the top of the range. Summit Daily saw the same split in July, when the multi-family average jumped 43.2% to $1.23 million while the median rose 19.9% and sales fell 5.7%. That same report found that multi-family sales at $2.5 million and above averaged $3.6 million through July.
Fewer sales also give each expensive closing more pull. In September 2026 the county recorded 76 condo sales, against 112 a year earlier, so a handful of multimillion-dollar closings moves the median further than it would in a busier month.
Map the gain by town and the biggest jumps land in two places
Land Title Guarantee Company's August 2026 report splits recorded multi-family sales by area. Comparing full-year 2025 medians with 2026 year-to-date medians shows how uneven the gain has been:
| Area | 2025 multi-family median | 2026 YTD median, through August | Change |
|---|---|---|---|
| Keystone | $857,250 | $1,225,000 | +43% |
| Breckenridge | $968,250 | $1,150,000 | +19% |
| Frisco | $902,500 | $967,500 | +7% |
| Silverthorne | $920,000 | $949,640 | +3% |
| Dillon Town & Lake | $800,000 | $802,500 | 0% |
| Dillon Valley | $399,000 | $377,500 | -5% |
| Copper Mountain | $945,000 | $778,300 | -18% |
| Wildernest | $625,000 | $483,000 | -23% |
| Countywide gross median | $838,750 | $939,500 | +12% |
Land Title counts recorded transactions and the Colorado Association of REALTORS® counts MLS sales, so the two sources' totals don't line up exactly. They agree on direction, though. Keystone and Breckenridge posted by far the largest increases. Frisco and Silverthorne rose modestly, and Dillon Town & Lake was flat. Copper Mountain, Wildernest and Dillon Valley went down. Every area median reflects whatever happened to sell there this year, so a single expensive building can swing a small town's figure hard.
Keystone's 43% jump came in the same year one large luxury building finished selling there.
Kindred Resort's arithmetic
Kindred Resort sits next to the River Run Gondola in Keystone. It has 95 private residences alongside a 107-room hotel. Summit Daily reported in April 2026 that the first phase would open to the public on May 7, and that all but seven residences had sold by then.
The prices are well outside typical Keystone resale levels. In July, Summit Daily reported that brokers described Kindred as setting new condo price benchmarks for Keystone and the county. One example was a 1,169-square-foot two-bedroom listed around $2.7 million. A fifth-floor unit sold for more than $6.5 million. Keystone's 2025 multi-family median was $857,250. Each Kindred closing in 2026 lands several times above that line, and a large building's worth of those closings in one year is enough to push the town's median up sharply.
None of the available sources breaks out Kindred's share of Keystone's 2026 sales, so the exact effect can't be measured. The timing still matters. A 43% median gain arriving in the same year a 95-residence luxury building closes out fits a change in the mix of sales better than older Keystone condos suddenly being worth 43% more.
Even Kindred is adjusting to the slower pace. In September 2026, Kindred's sales team announced a "Price Advantage" on its final four residences. Unit E403, a two-bedroom, was offered at $2.3 million, and three-bedroom and four-bedroom units were priced from $4.4 million to $4.5 million. The offer added a lifestyle incentive covering perks like season passes, new ski gear and golf. A new-construction, ski-in, ski-out product adding incentives to finish selling fits a market where buyers have time and choices.
Breckenridge already has the next bump on the calendar
The same pattern looks set to show up in Breckenridge this winter. Independence Townhomes, a 16-home Breckenridge Grand Vacations project near the ski area, had residences listed at roughly $4 million to $6 million. According to Summit Daily reporting the developer republished in August 2026, ten were under contract and six were expected to close around December and January. Certificates of occupancy depended on finishing the project's workforce housing and road improvements, and the developer's October 2026 update said it expected the first homeowners later this year.
If those closings record on schedule, they'll arrive in the slow season. Seasonal sales volume in Colorado usually drops from December through February. Several $4 million-plus townhome closings in a thin winter month could push Breckenridge's attached-home figures up again, and that bump would describe one project's delivery schedule more than the value of a 1980s condo near Main Street.
Pricing an existing condo against the right number
The county median still tells you something. It shows how much high-end demand Summit County is attracting. Summit Daily's July reporting attributed luxury growth to second-, third- and fourth-home buyers, many of whom pay cash and are less affected by mortgage rates. For a resale condo, these figures tell you more:
- The town's median, compared with the county's. Wildernest's multi-family median fell from $625,000 in 2025 to $483,000 through August 2026, and Copper Mountain's fell from $945,000 to $778,300, while the county figure rose 12%.
- Days on market and months of supply. Condos took 91 days to sell in September 2026, up from 69 a year earlier, with 9.2 months of supply.
- Percent of list price received, read together with concessions. Condo sellers received 97.3% of list price year to date in both 2025 and 2026. That steady figure leaves out seller credits, which showed up in about a third of first-half residential sales.
- Where the new listings are. A Breckenridge broker told Summit Daily that active listings have grown most among properties under $1 million and among condos and homes up to about $1.5 million. That's the price range where most resale condos compete.
Taken together, these show what a typical resale condo is doing. Supply is growing, buyers are taking longer, and the deals that close often include help from the seller. Meanwhile a small number of brand-new buildings sell at record-setting prices that help lift the headline figure.
Questions buyers and sellers ask about Summit County condo prices
Is Summit County a buyer's market for condos right now? By the usual yardstick, supply is past the balanced range. Summit Daily's reporting describes four to six months of supply as balanced and more than six as leaning toward buyers. Condo supply stood at 9.2 months in September 2026, and it varies by town and price range.
Did single-family homes see the same price jump? No. The single-family median through September 2026 was $1.9 million, down 0.7% from the same period of 2025, with 8.1 months of supply in September. Single-family numbers also swing from month to month. August's single-family median fell 18.2% from a year earlier, even though the year-to-date figure barely moved.
Will the winter numbers look different? They may. Independence Townhomes' expected December and January closings fall in the slowest stretch of the year, when fewer sales give each high-priced closing more pull on the median.
If you're weighing a Summit County condo sale or purchase and want a price built on your own town, your building and the concessions actually being negotiated, Christensen Collective will go through the comparable sales with you, separating new construction from resale. Schedule a Personalized Consultation and we'll build your pricing picture together.
