Wednesday, August 1, 2018

June 2018 Market Analysis


The following information is provided as a courtesy of Land Title. Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office for that particular month. The information is not directly related to MLS data. The data is an unofficial tabulation of Summit County Records that are believed to be reasonably accurate.

June 2018 Highlights

Market Analysis by Area for June 2018: There were a total of 249 transactions and $172,302,600 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $711,067, average residential price was $696,129 and average residential PPSF was $465.

Year to Date Market Analysis (6 months): Monetary volume in YTD 2018 totaled $720,414,665 with 1077 transactions: $686,021 average transaction price, $708,992 average residential price and average residential PPSF $460.

Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family -2%, Multi- Family +7% and Vacant Land +12%. Median Indicators for Single Family +6%, Multi- Family +6% and Vacant Land +1%.

Market Analysis % Change 2018: Monetary volume ($172,302,600) in June 2018 was up 27% from June 2017. Transactions (249) were up 6% from June 2017.  YTD 2018 monetary volume is up 9% from YTD 2017, and transactions are up 2% YTD 2018 compared to YTD 2017.

Residential Cost Analysis:  Residential volume in June had 214 transactions with $148,971,700 gross volume. There were 39 properties that sold for $1M and above in June. The most active price points were between $300K-$400K with 37 transactions. There were 86 Single Family, 128 Multi-Family and 12 Vacant Land transactions.

Average Price History by Type 2018: Average price for residential Single Family: $993,463, Multi- Family: $496,359 and Vacant Land: $234,983.

Comparative Historical Cost Analysis YTD 2018: There were 856 residential transactions and $606,897,184 gross $ volume with 143 properties selling for $1M and over-compared to 2017, there were 871 transactions and $593,073,903 gross $ volume, 144 properties at $1M and over.  In 2016, there were 816 transactions with $467,856,447 gross $ volume, 78 properties at $1M and over.

Top Lender Analysis June 2018: There were 439 loans in June, 74% (184) of the loans were related to sales, there were 144 REFI's and 111 loans were timeshare related. 26% of the real estate closings were cash transactions.

Market Highlights: Please see page 11 of the Market Analysis- You can note the higher priced sale in June in the Lewis Ranch at Copper area at $2,578,500. The top priced PSF in the Breckenridge at One Breckenridge Place at $1,164.

Foreclosures:  There have been at total of 17 Public Trustee's Deed's issued YTD 2018.

Purchaser Profile Abstract:  There were 46 upper end sales in June. Our buyers for real estate transactions for 2018: Front Range demographic at 41% of our market, 37% are "local" and 22% are out of state buyers with 0% International. Please note a new page 17 comparing demographics of our buyers through 2013.  The full report can be found here: https://www.ltgc.com/files/breckenridge-marketstats/JUNESUMMIT2018.pdf

As always, please feel free to contact me anytime with questions.  I look forward to hearing from you.

All the best,


Tyler MacGuire  
Broker Associate
Omni Real Estate Company
Office: 970-468-2740
Mobile: 970-409-7779    

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)
Resort & Second Property Specialist (RSPS)
Short Sale and Foreclosure Representative (SFR)


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Saturday, June 30, 2018

May 2018 Market Analysis


The following data is provided as a courtesy of Land Title.  Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office for that particular month. The information is not directly related to MLS data. The data is an unofficial tabulation of Summit County Records that are believed to be reasonably accurate.

May 2018 Highlights

Market Analysis by Area for May 2018: There were a total of 196 transactions and $136,423,916 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $723,054, average residential price was $723,182 and average residential PPSF was $449.

Year to Date Market Analysis (5 months): Monetary volume in YTD 2018 totaled $548,112,065 with 828 transactions: $678,336 average transaction price, $713,280 average residential price and average residential PPSF $458.

Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family +1%, Multi- Family +8% and Vacant Land +17%. Median Indicators for Single Family +7%, Multi- Family +7% and Vacant Land +10%.

Market Analysis % Change 2018: Monetary volume ($136,423,916) in May 2018 was up 8% from May 2017. Transactions (196) were down 1% from May 2017.  YTD 2018 monetary volume is up 4% from YTD 2017, and transactions are up 1% YTD 2018 compared to YTD 2017.

Residential Cost Analysis:  Residential volume in May had 158 transactions with $114,262,700 gross volume. There were 24 properties that sold for $1M and above in May. The most active price points were between $300K-$400K with 23 transactions. There were 64 Single Family, 94 Multi-Family and 11 Vacant Land transactions.

Average Price History by Type 2018: Average price for residential Single Family: $1,088,148, Multi- Family: $474,694 and Vacant Land: $436,955.

Comparative Historical Cost Analysis YTD 2018: There were 642 residential transactions and $457,925,484 gross $ volume with 104 properties selling for $1M and over-compared to 2017, there were 678 transactions and $468,286,153 gross $ volume, 127 properties at $1M and over.  In 2016, there were 629 transactions with $361,529,783 gross $ volume, 61 properties at $1M and over.

Top Lender Analysis May 2018: There were 530 loans in May, 73% (143) of the loans were related to sales, there were 122 REFI's and 265 loans were timeshare related. 27% of the real estate closings were cash transactions.

Foreclosures:  There were 11 Foreclosure actions in May 2018, 9 were Timeshares and 2 were Fee Simple.

Purchaser Profile Abstract:  There were 29 upper end sales in May. Our buyers for real estate transactions for 2018: Front Range demographic at 20% of our market, 48% are "local" and 31% are out of state buyers with 0% International. Please note a new page 17 comparing demographics of our buyers through 2013.

Click Here to View the Full Report


As always, please feel free to contact me anytime with questions.  I look forward to hearing from you!

All the best,


Tyler MacGuire  
Broker Associate
Omni Real Estate Company
Office: 970-468-2740
Mobile: 970-409-7779    

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)
Resort & Second Property Specialist (RSPS)
Short Sale and Foreclosure Representative (SFR)


1485013108055_even