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.
April 2019 Highlights
Market Analysis by
Area for April 2019: There were a total of 166 transactions and
$153,170,489 in monetary volume. The average transaction price for all 18
reported areas, plus Deed Restricted transactions, was $969,509, average
residential price was $868,978 and average residential PPSF was $516.
Market Analysis by
Area YTD 2019 -4 Months: There was a total of $473,535,717 with 571
transactions. The average transaction price was $863,682, the average
residential price was $840,443 and the average PPSF was $487.
Market Snapshot for
Years 2019 vs 2018: Average Indicators for $: Single Family +14%, Multi-
Family +8% and Vacant Land -2%. Median Indicators for Single Family +4%, Multi-
Family +8% and Vacant Land -14%.
Market Analysis %
Change 2019: Monetary volume ($153,170,489) in April 2019 was up 3% from
April 2018. Transactions (166) were down 20% in from April 2018. YTD 2019 Monetary Volume is pacing 15% ahead
of YTD April 2018, and transactions are down 10%.
Residential Cost
Analysis: Residential volume in April had 134 transactions with
$116,443,000 gross volume. There were 35 properties that sold for $1M and above
in April. A big surge-the most active
price points were between $1MK-$1.5K with 22 transactions. There were 43 Single
Family, 91 Multi-Family and 9 Vacant Land transactions.
Average Price History
by Type - YTD April 2019: Average price for residential Single Family:
$1,389,940, Multi- Family: $622,809 and Vacant Land: $394,956.
Comparative
Historical Cost Analysis Comparison 2019-2018 YTD: YTD 2019, there were 444
residential transactions and $373,156,796 gross $ volume with 104 properties
selling for over $1M. YTD 2018, there were 485 transactions with $344,217,784 gross $ volume with 80 properties selling for
over $1M. YTD 2017, there were 512 transactions with $352,089,998 with 95
properties selling for over $1M.
Market Highlights: Please see page 11 of the Market Analysis-
Note the higher priced sale in April 2019 in the Timber Trail area in
Breckenridge at $10,100,000. The top priced PPSF was that same home at $1,538.
Foreclosures:
There was one Bank sale in April, there were 2 Foreclosure actions in April
2019, compared to 12 in April of 2018.
There has been a total of 12 Foreclosure Actions YTD in 2019.
Purchaser Profile
Abstract: There were 42 upper end sales in April 2019 compared to 25 in
March. Our buyers for real estate
transactions for April 2019: Front Range demographic at 39% of our market, 27%
are "local" and 35% are out of state buyers with 0% International.
Please note page 17 comparing demographics of our buyers through 2013.
Land Title New
Development Summary: This (page 18) shows all the new construction each
month, there were 9 in April.
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)