Summit County ballot measure would raise $8M per year for housing

6th August, 2016 by

By Elise Reuter

Local governments are scrambling to provide long-term housing for Summit County’s workforce, as a booming economy continues to drive prices skyward. According to Land Title Guarantee Company’s June 2016 assessment, the average price for a single-family home within the county jumped nine percent from 2015, up to $936,905 year-to-date.In Breckenridge, prices increased 15 percent, with the average cost of a single-family home coming in at $1,451,331.“When the average price of a single-family home is over $700,000, it’s hard for young workers and entrepreneurs to think of Summit County as a great place for them to launch a career, start a …

Source:: Vail Daily Feed