Dillon/Summit Cove Real Estate

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DILLON / DILLON VALLEY
evelation 9,111ft
SUMMIT COVE
elevation 9,082ft

Dillon, CO

 

The original town of Dillon was built as a stage stop and trading post on the northeast side of the Snake River.  The town was named for Tom Dillon, a prospector, and was incorporated in 1883. By 1892 the town had been relocated twice, both times in order to be closer to railroad lines that were extended into the area.  All three of these historic town sites were situated very close to the Blue River Valley confluence where the Snake River and Tenmile Creek flowed in, and this area is now referred to collectively as “Old Dillon”.

During the Great Depression, Denver Water began acquiring land around Dillon. In 1956, residents and business owners in Dillon were notified that they would need to sell their property and move out, because Denver Water was about to begin construction on a dam just downstream from the town, and the resulting reservoir (which would help supply water to Front Range communities) was going to flood Dillon and the surrounding valley. About a mile to the north, some land on a hillside was set aside for the current townsite, which is now situated on the shoreline of Dillon Reservoir.

The Dillon Town Center is home to many Summit County businesses, dining and entertainment opportunities: movie theater, a boat marina with seasonal lakeside bar and grill, post office, bowling alley, playground, ball field and lakeside park all within walking distance to Lake Dillon.

Summer in Dillon is unrivaled for family activities, with boating in Lake Dillon, free nature nights, Friday Farmers Markets and weekend concerts at the open-air Lake Dillon Amphitheatre. Enjoy the vistas, fresh air and pocket parks while taking scenic walks, in-line skating or bike rides along the more than 25 miles of paved recreation path that circles the lake.  Its close proximity to Summit County’s ski areas makes it a convenient lodging choice for winter vacationers.


Zip Codes: 80435
Population in 2012: 907
Median resident age: 41.8
Estimated per capita income in 2012: $41,678
Average Real Estate Prices in 2011:

  • Detached houses: $658,586
  • Townhouses/Duplexes: $544,671
  • Multi-unit structures: $272,277

Average gross rent in 2012: $1,089 per month


Summit County’s Land Title Guarantee Co. Market Analysis

  • Median Residential Price up 4.87% from Q3 LY numbers
  • Average Residential Price up 1.97% from Q2 LY numbers
  • Gross Sales Volume down 1.35% from LY numbers
  • Real Estate Transactions up 3.12% from Q3 LY numbers
  • Buyer Profile: 31.91% local, 37.1% Front Range, 30.59% Out-of-State, 0.40% International

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