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October 2014 Highlights:
·
Market Analysis by Area for October: October continued
the fall 2014 upswing with market activity for Summit County
real estate. Upper end activity remains strong which contributes increase
in gross volume. There were 252 transactions with $117,477,100 in
gross monetary volume. The average transaction price for all 18
reported areas is at $467,379, average residential price- $481,281
and the median residential price -$369,000. The average residential PPSF
is $318.The Keystone market continues to improve with 38 transactions and the
Frisco market was also busy in October with 26 transactions.
·
YTD Transaction Summary: There have been a
total of 1665 transactions with $789,819,081 monetary volume, the
average transaction price for all 18 reported areas is $475,355. The
average residential price is $499,775. The median residential price is
$400,000. The average PPSF is $313.
·
Market Snapshot for YTD 2014 vs. 2013: Values remain steady and are as follows: Average
Indicators for $: Single Family +4%, Multi- Family +4% and
Vacant Land +2%. Median Indicators for Single
Family +5%, Multi- Family +7% and Vacant Land +17.
·
Market Analysis % Change showing years 2004-2014 YTD: October monetary volume ($117,477,100) is up 6% from
October 2013, transaction volume (252) is up 5% from
October 2013. 2014 YTD (10 months) monetary volume is up
7% from YTD 2013. YTD 2014 transaction volume is up by 4% from YTD
2013. Monetary volume is the highest YTD since 2008 and transaction
volume is the highest YTD since 2007!
·
Residential Market Sales by Price Point: Residential volume in October had 217
transactions with $104,437,900 gross volume. There were 15
properties that sold for $1M and above in October. The most active
price point in October was between the ranges of $300K to $400K.
There was a tiny upswing with properties selling in the $200K and under price
range. There were 53 Single family, 164 Multi-family and
17 Vacant land transactions in October.
·
2014 Average Price History: Average residential pricing continues to
be consistent as of October - Single family is $783,532, Multi-
family is at $360,005 and Vacant land is $331,859.
·
Historical Cost Breakdown YTD 2014: There have been 1406 residential transactions YTD 2014 and
$702,683,981 gross volume with 106 properties selling for a $1M and
over- Compared to 2013 YTD, there were 1313 transactions and
$647,705,300 gross volume, 104 properties at $1M and over and in
2012 YTD, there were 1032 transactions with $536,460,200 gross volume, 89
properties at $1M and over.
·
Top Lender Graph: There were 499 loans in October, with 63% of the purchasers
obtaining financing at the time of sale. 37% of the real estate closings were
cash transactions. There were 117 Refinances. 224 loans were related to
Timeshare sales.
·
Market Highlights: Please see page 10 of
the Market Analysis-View the higher priced purchases in October with the
third month in 2014 with no bank sales.
·
Foreclosures: Foreclosure actions continue to decrease each month with
only 13 this October compared to 12 last October 2013.
·
Land Title Purchaser Highlights (Page 15): There were 17 higher end sales in October
to note- you can see the details on this report. In
October, the majority of our buyers for real estate transactions
continue to be the Front Range demographic at 48% of our market, only 21% are
local and 30% are out of state buyers.
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)
Short Sale and Foreclosure Representative (SFR)
|
Tuesday, December 2, 2014
October 2014 Market Analysis
Saturday, October 11, 2014
August 2014 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.
August 2014 Highlights
· Market Analysis by Area for August: August experienced a downturn from last
August 2013 in Summit County. There were
203 transactions with $88,825,100 in gross monetary volume. The average
transaction price for all 18 reported areas at $439,258, average residential
price was $474,525 and the median residential price was $400,000. The average
residential PPSF was $300.
· YTD Transaction Summary: There have
been a total of 1141 transactions with $546,016,981 monetary volume, the
average transaction price for all 18 reported areas is $478,735. The average
residential price is $502,361. The median residential price is $402,000. The
average PPSF is $312.
· Market Snapshot for YTD 2014 vs. 2013: Values are as follows: Average Indicators for
$: Single Family +3%, Multi- Family +5% and Vacant Land +10%. Median indicators
for $: Single Family +5%, Multi- Family +7% and Vacant Land +35%. These indicators translate that the prices
are still fairly stable to last year, increasing slightly.
· Market Analysis % Change showing years
2004-2014 YTD: August monetary
volume ($88,825,100) is down 16% from August 2013, transaction volume (203) is
down 6% from August 2013. 2014 YTD (8
months) monetary volume is up 5% from YTD 2013. YTD 2014 transaction volume is
up by 2% from YTD 2013.
· Residential Market Sales by Price Point: Residential
volume in August had 171 transactions with $81,143,800 gross volume. There were 7 properties that sold for $1M and
above in August. The most active price
point in August was between the ranges of $300K to $400K, with $400K- $500K in
second place. There were 66 Single
family, 105 Multi-family and 8 Vacant land transactions in August.
· 2014 Average Price History: Average
residential pricing continues to be consistent as of August - Single family is
$770,746, Multi- family is at $362,167 and Vacant land is $357,345.
· Historical Cost Breakdown YTD 2014:
There have been 953 residential transactions YTD 2014 and $478,750,481 gross volume with 72
properties selling for a $1M and over-
Compared to 2013 YTD, there were
903 transactions and $453,587,400 gross volume, 76 properties at $1M and over
and in 2012 YTD, there were 718
transactions with $365,677,000 gross volume, 56 properties at $1M and over.
· Top Lender Graph: There were 510 loans
in August, with 64% of the purchasers obtaining financing at the time of sale.
36% of the real estate closings were cash transactions. There were 121 Refinances. 260 loans were
related to Timeshare Sales.
· Market Highlights: Please see page 10
of the Market Analysis-View the higher priced purchases in August with again no
bank sales.
· Foreclosures: Foreclosure actions was flat with 11 in
August 2014 compared to 12 in August 2013. There have been a total of 113
Foreclosure actions YTD 2014.
· Land
Title Purchaser Highlights (Page 15):
There were 7 higher end sales in August to note- you can see the details
on this report. In August, the majority
of our buyers for real estate transactions continue to be the Front Range
demographic at 42% of our market, only 32% are local and 26% are out of state
buyers.
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
Web: www.tylermacguire.com
Blog: www.tylermacguire.blogspot.com
"Your Guide to Summit County Real Estate"
Certified Negotiation Expert (CNE)
Short Sale and Foreclosure Representative (SFR)
Thursday, September 4, 2014
July 2014 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.
July 2014 Highlights
Market Analysis by Area for July: July was another positive
real estate month in the high country!
There were 195 transactions with $90,735,125 in gross monetary volume.
The average transaction price for all 18 reported areas at $465,308, average
residential price was $501,084 and the median residential price was $394,000.
The average residential PPSF was $310.
YTD Transaction Summary: There have been a total of 938
transactions with $457,191,881 monetary volume, the average transaction price
for all 18 reported areas is $487,319. The average residential price is
$508,448. The median residential price is $404,000. The average PPSF is $315.
Market Snapshot for YTD 2014 vs. 2013: Values are as follows: Average Indicators for
$: Single Family +6%, Multi- Family +5% and Vacant Land +15%. Median indicators
for $: Single Family +7%, Multi-Family
+7% and Vacant Land +51%. These
indicators translate that the prices are still fairly stable to last year,
increasing slightly.
Market Analysis % Change showing years 2004-2014 YTD: July monetary volume ($90,735,125) is up 32%
from July 2013, transaction volume (195) is up 26% from July 2013. 2014 YTD (7 months) monetary volume is up 10%
from YTD 2013. YTD 2014 transaction volume is finally up by 4% from YTD
2013. Inventory continues to be low in
Summit County compared to years past.
Residential Market Sales by Price Point: Residential volume
in July had 158 transactions with $79,171,325 gross volume. There were 12 properties that sold for $1M and
above in July. The most active price
point in July was higher than our previous few months at $300K to $400K. The price point of $500K to $600K was high
again with 22 transactions in that price range. There were 55 Single family,
103 Multi-family and 14 Vacant land transactions in July.
2014 Average Price History: Average residential pricing
continues to be highly consistent as of July - Single family is $799,222,
Multi- family is at $362,783 and Vacant land is $372,880.
Historical Cost Breakdown YTD 2014: There have been 782
residential transactions YTD 2014 and $397,606,681 gross volume with 65
properties $1M - Compared to 2013 YTD, there were 722 transactions and
$364,440,500 gross volume, 60 properties at $1M and over and in 2012 YTD, there
were 589 transactions with $304,658,925 gross volume, 45 properties at $1M and
over.
Top Lender Graph: There were 567 loans in July, with 58% of
the purchasers obtaining financing at the time of sale. 42% of the real estate
closings were cash transactions. There
were 107 Refinances.
Foreclosures: Bank
sales and Foreclosure actions are increasingly down again. It's a good trend to
see in Summit County! There were only 13 actions in July compared to 27 in July
2013. There have only been 102 actions YTD 2014.
Land Title Purchaser Highlights: In July, the majority of our buyers for real
estate transactions continue to be the Front Range demographic at 38% of our
market, only 28% are local and 32% are out of state buyers.
The full report can be viewed here:
Please feel free to call or email 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)
Short Sale and Foreclosure Representative (SFR)
Tuesday, July 29, 2014
June 2014 Market Analysis
|
||
June 2014 Highlights:
To view the full report please click here.
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)
Short Sale and Foreclosure Representative (SFR)
|
Thursday, July 10, 2014
May 2014 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 2014 Highlights:
- Market
Analysis by Area for May: May was the perfect kick off to
strong summer selling season, with much more positive real estate
numbers in Summit County. There were 174 transactions with
$91,569.106 in gross monetary volume. The average transaction price
for all 18 reported areas at $521,390, average residential
price was $543,646 and the median residential price was
$402,500. The average residential PPSF was $320.
- YTD
Transaction Summary: There have been a total of
595 transactions with $304,419,906 monetary volume, the average
transaction price for all 18 reported areas is $512,455 the
average residential price is $527,591, the median residential price
is $403,000, the average PPSF is $321.
- Market
Snapshot for YTD 2014 vs. 2013: Values are as follows: Average
Indicators- Single Family +13%, Multi- Family +7% and Vacant Land
+16%. Median indicators: Single Family +12%, Multi- Family +7%
and Vacant Land +49%. These indicators translate
into stabilizing pricing in Summit County for 2014.
- Market
Analysis % Change showing years 2004-2014 YTD: May monetary
volume ($91,569,106) is up 13% from May 2013,
transaction volume (174) is up 10% from May 2013.
2014 YTD (5 months) monetary volume is up 6% from YTD
2013. YTD 2014 transaction volume is still down by only -2% down from
YTD 2013. Inventory is low in Summit County compared to years past,
you can see that YTD pricing is stronger with less transactions.
- Residential
Market Sales by Price Point: Residential volume in
May had 152 transactions with $82,634,206 gross
volume. There were 17 properties that sold for $1M and
above in May. The most active price point in May
hovered between $200K and $400K. There were 58 Single family,
94 Multi-family and 7 vacant land transactions in May.
- 2014 Average
Price History: Average residential pricing continues to be
highly consistent as of May - Single family increased
to $851,387, Multi- family is slightly down at $369,036 and
vacant land is $376,803.
- Historical
Cost Breakdown YTD 2014 : There have been 505
residential transactions YTD 2014 and $266,433,406 gross volume with
48 properties $1M - Compared to 2013 YTD, there were 491
transactions and $250,304,400 gross volume, 38 properties at
$1M and over and in 2012 YTD, there were 405 transactions with
$205,416,600 gross volume, 30 properties at $1M and over.
- Top
Lender Graph: There were 428 loans in May, 61% (106)
loans were related to sales and 39% (down from the past month) of the
sales were cash at closing. There were 111 REFI's and 211 loans
related to Timeshares.
- Market
Highlights: Please see page 10 of the Market Analysis-View
the higher priced purchases in May and only one bank sale.
- Foreclosures: Foreclosures
actions were up in May (mainly from timeshares) with 22 compared to 24
last May. There are a total of 72 Foreclosure actions YTD, with 50%
of those for timeshares.
- Land Title Purchaser Highlights (Page 15): There were 18 higher end sales in May to note- you can see the details on this report. In May, the majority of our buyers for real estate transactions continue to be the Front Range demographic at 44% of our market, only 24% are local and 31% are out of state buyers.
To view the full report please click here: http://www.ltgc.com/files/breckenridge-marketstats/SUMMITMAY2014.pdf
As always, please feel free to contact me anytime with questions, I look forward to hearing from you!
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)
Short Sale and Foreclosure Representative (SFR)
Friday, June 6, 2014
April 2014 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.
April 2014 Highlights:
·
Market Analysis
by Area for April: There were
117 transactions with $59,517,300 in gross monetary volume.
The average transaction price for all 18 reported areas
at $508,695, average residential price was $552,308 and
the median residential price was $447,500. The average residential
PPSF was $327. Median averages continue to increase each month in
2014.
·
YTD Transaction
Summary: There have been a total of 421
transactions with $212,850,800 monetary volume, the average transaction
price for all 18 reported areas is $508,770, the average residential
price is $520,678, the median residential price is $405,000 and the average
PPSF is $321 YTD.
·
Market Snapshot
for 2014 vs. 2013: Values
are as follows: Average Indicators- Single Family +13%, Multi-
Family +9% and Vacant Land +18%. Median indicators: Single
Family +7%, Multi- Family +34% and Vacant Land +49%. These indicators
translate into escalating pricing in Summit County for 2014.
·
Market Analysis
% Change showing years 2004-2014 YTD: April monetary volume
($59,517,300) is down 7% from April 2013, transaction volume is
down -13% from April 2013. 2014 YTD
(4 months) monetary volume is up 4% from YTD 2013. YTD 2014
transaction volume is down -7% down from YTD 2013. Inventory is low
in Summit County compared to years past, you can see that YTD pricing is
stronger with less transactions.
·
Residential
Market Sales by Price Point: Residential
volume in April had 99 transactions with $54,678,500 gross
volume. There were 11 properties that sold for $1M and
above in April. The most active price point in April stayed
in $400K -$500K range which is higher than years and months past. April
had 34 Single family, 65 Multi-family and 6 vacant land
transactions.
·
2014 Average
Price History: Average residential pricing
continues to be highly consistent as of April - Single family
increased to $846,385, Multi- family is $377,100 and vacant
land is $382,707.
·
Historical Cost
Breakdown YTD 2014 : There
have been 353 residential transactions YTD 2014 and
$183,799,2003 gross volume with 31 properties $1M - Compared
to 2013 YTD, there were 357 transactions and $176,280,200 gross
volume, 26 properties at $1M and over and in 2012 YTD, there were 297
transactions with $154,769,600 gross volume, 26 properties at $1M and
over.
·
Top Lender
Graph: There were 475 loans in April, 52%
(61) loans were related to sales and 48% of the sales were cash at closing.
There were 76 REFI's and 338 loans related to Timeshares.
·
Market
Highlights: Please see page 10 of the
Market Analysis-View the higher priced purchases in April and another month
with no bank sales.
·
Bank Sales and
Foreclosures: Foreclosures
continue to decline with 8 actions filed in April versus 24 in April
2013
·
Land Title
Purchaser Highlights (Page 15): There were 12 higher end sales in April to note- you can see
the details on this report. In April, the majority of our
buyers for real estate transactions continue to be the Front Range demographic
at 37% of our market, only 22% are local and 38% are out of state
buyers.
As always, please feel free to call or email 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)
Short Sale and Foreclosure Representative (SFR)
Monday, May 5, 2014
March 2014 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.
|
March 2014 Highlights:
·
Market Analysis by Area for March: March was a good month-There were
119 transactions with $60,774,200 in gross monetary volume. The average transaction
price for all 18 reported areas at $517,467, average residential
price was $531,078 and the median residential price was $417,500.
The average residential PPSF was $335. Averages continue to increase each
month in 2014.
·
YTD Transaction Summary: There have been a total
of 304 transactions with $153,333,500 monetary volume, the average
transaction price for all 18 reported areas is $508,799, the
average residential price is $508,349, the median residential price is
$400,750, the average PPSF is $319 YTD. We are showing price
stabilization across the board in Summit County this year.
·
Market Snapshot for 2014 vs. 2013:
Values
are as follows: Average Indicators- Single Family +12%, Multi-
Family +7% and Vacant Land 28%. Median indicators: Single
Family +11%, Multi- Family +4% and Vacant Land +55%. These indicators
translate into escalating pricing in Summit County for 2014.
·
Market Analysis % Change showing years
2004-2014 YTD: March monetary volume
($60,774,200) is up 30% from March 2013,
transaction volume is +1% up from March 2013. 2014 YTD (3
months) monetary volume is up 9% from YTD 2013. YTD 2014 transaction
volume is down -4% down from YTD 2013. March numbers indicate the
best increases since March 2008.
·
Residential Market Sales by Price Point: Residential volume in
March had 104 transactions with $55,232,100 gross
volume. There were 9 properties that sold for $1M and
above in March. The most active price point in
March changed for the first time in quite a while- between $400K
-$500K. March had 27 Single family, 77 Multi-family and
7 vacant land transactions.
·
2014 Average Price History: Average residential
pricing continues to be highly consistent as of March - Single
family increased to $844,781, Multi- family is $370,038 and vacant
land is $414,465.
·
Historical Cost Breakdown YTD 2014: There have been
254 residential transactions YTD 2014 and $129,120,700 gross
volume with 20 properties $1M - Compared to 2013 YTD, there were
239 transactions and $116,142,700 gross volume,
16 properties at $1M and over and in 2012 YTD, there were
205 transactions with $109,278,500 gross volume, 19 properties
at $1M and over.
·
Top Lender Graph: There were 411 loans
in March, 51% (61) loans were related to sales and 49% of the sales were cash
at closing. There were 91 REFI's and 259 loans related to
Timeshares.
·
Market Highlights: Please see page 10
of the Market Analysis-View the higher priced purchases in March and
no bank sales in March 2014.
·
Bank Sales and Foreclosures: Foreclosures continue to
decrease with 8 actions filed, with 7 of those Fee Simple.
·
Land Title Purchaser Highlights (Page 15): There were 9 higher
end sales in March to note- you can see the details on this report.
In March, the majority of our second homeowners for real
estate transactions continue to be the Front Range demographic at 50% of our
market, only 17% are local and 33% are out of state buyers.
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)
Short Sale and Foreclosure Representative (SFR)
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