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
July 2013 Highlights
·
Market
Analysis by Area for July: July was the
second best month so far in 2013 with 155 real estate transactions with
$68,971,900 gross volume. The Average Transaction Price for all 18 reported
areas was at $452,764, Average Residential Price: $498,670 and the Median
Residential Price: $375,000 all up from June 2013. The Average Residential
PPSF is down from June at $229.
·
Year
to Date by Area ( 7 months): There have been 905 real estate transactions to
date, and $416,305,600 Gross Volume. The Average Transaction Price YTD:
$466,644, Average Residential Price YTD: $504,765 Median Residential Price YTD:
$380,000 and Average Residential PPSF YTD: $292. 48% of all the real
estate transactions are in between the Farmer's Corner to Blue River
·
Market
Snapshot YTD ( 7 months ) for 2013: Values are holding with the Average Single Family at
a 1% increase ($774,356 YTD July from Full Year 2012 $764,455)
and Multi-Family decreased again as July YTD 2013 at -4%
( $339,882 in July YTD from Full Year $353,339). Vacant Land
·
Market
Analysis % Change showing years 2004-2012: July monetary volume ($68,971,900) was up
9% from July 2012. Transactions are also up by 23%
from July 2012 (155). Overall, for the past 7 months of
2013, Summit
County
·
Residential
Market Sales by Price Point : Residential volume in July had 121 transactions with
$60,339,100 gross volume ( up a little from June 2013). There were
only 8 properties that sold for $1M and above in July. The most
active price points in July were between
$200k-$400k. July had 40 Single Family, 81 Multi-Family and 10
Vacant Land
·
2013
Average Price History: Average Residential pricing for Single family is
$774,356 YTD, Multi- family is $339,882 YTD and Vacant Land
·
Historical
Cost Breakdown 2013 ( 7 months): There were 722 residential transactions so far in 2013
and $364,440,500 gross volume with 60 properties $1M and over.
YTD 2012, there were 587 transactions and $304,266,925 gross
volume, 45 properties at $1M and over and YTD 2011, there
were 552 transactions with $292,699,800 gross
volume, 55 properties at $1M and over. Both number of Residential transactions and monetary volume indicate an
upswing in our local real estate market!
·
Top
Lender Graph: Lender activity was interesting in July with 543
Deeds of Trust recorded. There was a 51% loan to sales ratio this month and 49%
of the transactions were cash in July! There were 240 REFI's and 224 loans
related to Timeshares.
·
Market
Highlights: Please
see page 10 of the Market Analysis- this also shows the Bank Sales ( only
one for an high end property) from July 2013.
·
Bank
Sales and Foreclosures: Foreclosure
actions are down again, with a total of 27 actions recorded in July 2013 as
compared to 32 in July 2012. YTD in 2013, there have been 72 of the
Foreclosure actions have made it all the way to PTD.
·
Land
Title Purchaser Highlights ( Page 15): A majority of our second homeowners for real estate
transactions continue to be the Front Range Demographic at 40% of our market,
28% are local and 32% are Out of State buyers YTD.
As always, feel free to call or email me anytime with questions, I look forward to hearing from you!
All the best,
Tyler MacGuire e-PRO®, SFR, CNE
Broker Associate
Omni Real Estate Company
Office: 970-468-2740
“Your Guide to Summit County Real Estate”
