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.
September 2017 Highlights
Market Analysis by Area for September 2017: The month of September had 248 transactions and $159,591,700 in monetary volume. Some trends for all 18 reported areas in September: $ 650,766 Average transaction price, $689,157 Average residential price and $415 PPSF.
Year to Date Market Analysis (9 months): Monetary volume in 2017 totaled $1,140,959,768 with 1825 transactions. $640,415 Average transaction price, $675,366 Average residential price and $425 PPSF.
Market Snapshot for Years 2017 vs 2016: Average Indicators for $: Single Family +15%, Multi- Family +13% and Vacant Land -2%. Median Indicators for Single Family +18%, Multi- Family +11% and Vacant Land -10%.
Market Analysis % Change YTD 2017: Monetary volume ($159,591,700) in September 2017 was down 8% from September 2016. Transactions (248) were down 16% to September 2016. YTD 2017, monetary volume is up by 20% and transactions are up 4% compared to YTD 2016.
Residential Market Sales by Price Point: Residential volume in September had 206 transactions with $141,966,400 gross volume. There were 36 properties that sold for $1M and above in September. The most active price point was between $300K-$400K with 30 transactions. There were quite a few transactions (28) that fell between the prices of $1M to $1.5M in September. There were 88 Single Family, 118 Multi-Family and 21 Vacant Land transactions in September.
Average Price History by Type 2017: Average price for residential Single Family: $1,072,346, Multi- Family: $464,470 and Vacant Land: $345,652.
Comparative Historical Cost Analysis 2017 YTD: There were 1519 residential transactions and $1,025,880,445 gross $ volume with 244 properties selling for $1M and over-compared to 2016, there were 1463 transactions and $832,677,478 gross $ volume, 150 properties at $1M and over. In 2015, there were 1438 transactions with $784,072,868 gross $ volume, 140 properties at $1M and over.
Top Lender Graph: There were 547 loans in September, 64% (158) of the loans were related to sales, there were 108 REFI's and 281 loans were timeshare related. 36% of the real estate closings were cash transactions.
Market Highlights: Please see page 10 of the Market Analysis- You can note the higher priced sale in September in the Columbia Lode subdivision. A Crystal Peak Lodge Condo topped out the highest PPSF at $918. There were no bank sales in September.
Foreclosures: Actions were flat with only 3 actions in September, similar to August 2017.
Purchaser Profile Abstract: There were 38 upper end sales in September. Our buyers for real estate transactions in September were approximately Front Range demographic at 42% of our market, 22% are "local" and 36% are out of state buyers with 0% International.
Please feel free to contact me anytime with questions. I look forward to hearing from you!
All the best,
Omni Real Estate Company
"Your Guide to Summit County Real Estate"
Certified Negotiation Expert (CNE)
Resort & Second Property Specialist (RSPS)
Short Sale and Foreclosure Representative (SFR)