Summit County Real Estate

Email: www.tylermacguire@hotmail.com

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)

Short Sale and Foreclosure Representative (SFR)

Sunday, November 8, 2015

September 2015 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.

September 2015 Highlights:

• Market Analysis by Area for September: September turned out to be another spectacular month for real estate transactions in Summit County, comparable to September 2007 prior recession. There was $165,716,318 in monetary volume and 301 transactions. The average transaction price for all reported 18 areas: $551,358, average residential: $561,135, median residential: $440,000 and average PPSF: $367, all up from August 2015.

• Market Analysis by Area YTD 2015 (9 months): YTD- monetary volume was $964,551,561 with 1772 transactions. Average transaction price: $547,431, average residential price: $545,252 and average PPSF: $343, all up from YTD August 2015.

• Market Snapshot for Years 2015 vs.2014: Values are still strong and are as follows: Average Indicators for $: Single Family +9%, Multi- Family +11% and Vacant Land +19%. Median Indicators for $: Single Family +5%, Multi- Family +19% and Vacant Land +13%.

• Market Analysis % Change showing years 2004-2015: Monetary volume ($165,716,318) in September is up +13% compared to September 2014. Number of transactions (301) are up 5% in September 2015 compared to September 2014. YTD ( 9 months) Summit County real estate is up 32% in monetary volume and up 19% with number of transactions compared to YTD 2014.

• Residential Market Sales by Price Point: Residential volume in September had 254 transactions with $142,528,228 gross volume. There were 30 properties that sold for $1M and above in September. The number of $1M and over sales is substantial over last month. The most active price point was the $200K-$300K range again this month. There were 81 Single family, 173 Multi-family and 22 Vacant land transactions in September. There were 29 new unit sales in September, Waterhouse on Main Street had a large influence on that number.

• YTD 2015 Average Price History: Average residential pricing continues to increase for 2015- Single Family: $855,027 Multi- Family: $398,617 and Vacant Land: $379,041.

• Historical Cost Breakdown for 2015: There have been 1438 residential transactions YTD and $784,072,868 volume with 140 properties selling for a $1M and over-compared to 2014, there were 1189 transactions and $598,246,081 gross volume, 91 properties at $1M and over and in 2013, there were 1104 transactions with $548,737,300 gross volume, 89 properties at $1M and over.

• Top Lender Graph: There were 502 loans in September, 61% of the loans were related to sales, there were 129 REFI's and 189 loans were timeshare related. 39% of the real estate closings were cash transactions.

• Market Highlights: Please see page 10 of the Market Analysis-Higher priced sale in September (Gold Flake Terrace). There were 2 bank sales in September.

• Foreclosures: There were 6 foreclosure actions in September, compared to 8 in September 2014. There have only been 54 foreclosure actions in the past 9 months.

• Land Title Purchaser Highlights (Page 14): There were 35 higher end sales in September - you can see the details on this report. In September, our buyers for real estate transactions were the Front Range demographic at 37% of our market, 37% are local and 26% are out of state buyers, with 0% International.

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)

Sunday, October 4, 2015

August 2014 Market Analysis

August 2015 Highlights:

• Market Analysis by Area for August: August was the best gross volume that Summit County has on record and only surpassed by the transactions in September 2014! There was $142,534,040 in monetary volume and 267 transactions. The average transaction price for all reported 18 areas: $535,208, average residential: $543,075, median residential: $430,000 and average PPSF: $344.

• Market Analysis by Area YTD 2015 (8 months): YTD- monetary volume was $798,835,243 with 1471 transactions. Average transaction price: $546,624, average residential price: $541,845 and average PPSF: $338

• Market Snapshot for Years 2015 vs.2014: Values hold strong and are as follows: Average Indicators for $: Single Family +9%, Multi- Family +10% and Vacant Land +18%. Median Indicators for $: Single Family+6%, Multi- Family +19% and Vacant Land +10%.

• Market Analysis % Change showing years 2004-2015 : Monetary volume ($142,534,040) in August is up +49% compared to August 2014. Number of transactions (267) are up 25% in August 2015 compared to August 2014. YTD ( 8 months) Summit County real estate is up 37% in monetary volume and up 23% with number of transactions compared to YTD 2014.

• Residential Market Sales by Price Point: Residential volume in August had 225 transactions with $122,191,840 gross volume. There were 21 properties that sold for $1M and above in August. The most active price point was the $200K-$300K range. There were 75 Single family, 150 Multi-family and 14 Vacant land transactions in August.

• YTD 2015 Average Price History: Average residential pricing remains steady for 2015- Single Family: $854,417, Multi- Family:$393,539 and Vacant Land: $376,467.

• Historical Cost Breakdown for 2015: There have been 1184 residential transactions YTD and $614,544,640 volume with 110 properties selling for a $1M and over-compared to 2014, there were 953 transactions and $478,750,481 gross volume, 72 properties at $1M and over and in 2013, there were 903 transactions with $453,587,400 gross volume, 76 properties at $1M and over.

• Top Lender Graph: There were 483 loans in August, 67% of the loans were related to sales, there were 136 REFI's and 168 loans were timeshare related. 33% of the real estate closings were cash transactions.

• Market Highlights: Please see page 10 of the Market Analysis-Higher priced sales in August with a Shock Hill residential sale. There was 1 Bank sale in August.

• Foreclosures: Another static month for Foreclosures- 7 actions filed compared to 11 actions filed in August 2014.

• Land Title Purchaser Highlights (Page 14): There were 24 higher end sales in August - you can see the details on this report. In August, our buyers for real estate transactions were the Front Range demographic at 36% of our market, 34% are local and 30% are out of state buyers, with 0% International.

As always, please feel free to contact me anytime with questions.

All the best,

Tyler MacGuire

Broker Associate

Omni Real Estate Company

Office: 970-468-2740

Mobile: 970-409-7779

Click here to view the full report.

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)

Short Sale and Foreclosure Representative (SFR)

Tuesday, September 1, 2015

July 2015 Market Analysis

The following information is provided as a courtesy or 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 2015 Highlights

• Market Analysis by Area for July: July was a sizzling summer month for Real Estate in Summit County! There was $117,921,469 in monetary volume and 202 transactions. The average transaction price for all reported 18 areas: $583,770, average residential: $553,970 median residential: $425,000 and average PPSF: $340 (All up from June 2015!).

• Market Analysis by Area YTD 2015 (7 months): YTD- monetary volume was $656,301,203 with 1204 transactions. Average transaction price: $549,169, average residential price: $541,557 and average PPSF: $336 (All up from YTD June 2015!).

• Market Snapshot for Years 2015 vs.2014: Values look good and are as follows: Average Indicators for $: Single Family +10%, Multi- Family +9% and Vacant Land +22%. Median Indicators for $: Single Family+6%, Multi- Family +18% and Vacant Land +20%.

• Market Analysis % Change showing years 2004-2015: Monetary volume ($117,921,469) in July is up +23% compared to July 2014. Number of transactions (202) are flat to (0%) in July 2015 compared to July 2014. YTD ( 7 months) Summit County real estate is up 34% in monetary volume and up 22% with number of transactions compared to YTD 2014.

• Residential Market Sales by Price Point: Residential volume in July had 162 transactions with $89,743,100 gross volume. There were 17 properties that sold for $1M and above in July. The most active price point was the $200K-$400K range. There were 56 Single family, 106 Multi-family and 8 Vacant land transactions in July.

• YTD 2015 Average Price History: Average residential pricing remains steady for 2015- Single Family: $862,351, Multi- Family: $391,230 and Vacant Land:$387,863.

• Historical Cost Breakdown for 2015: There have been 959 residential transactions YTD and $519,352,800 volume with 89 properties selling for a $1M and over-Compared to 2014, there were 782 transactions and $397,606,681 gross volume, 65 properties at $1M and over and in 2013, there were 722 transactions with $364,440,500 gross volume, 60 properties at $1M and over.

• Top Lender Graph: There were 483 loans in July, 69% of the loans were related to sales, there were 129 REFI's and 214 loans were timeshare related. 31% of the real estate closings were cash transactions.

• Foreclosures: Another static month for Foreclosures- 12 action filed compared to 13 actions filed in July 2014.

• Land Title Purchaser Highlights (Page 14): There were 20 higher end sales in July - you can see the details on this report. In July, our buyers for real estate transactions were the Front Range demographic at 40% of our market, 31% are local and 29% are out of state buyers, with 0% International. There were some notable Commercial sales in July: The Straight Creek Apartment Complex and the Shell -Convenience store on the Northwest corner of the I 70 exit in Silverthorne.

• Land Title New Development Summary- this (page 15) shows all the new construction each month including the Deed Restricted new construction which isn't included on the other Residential reports.

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

Land Title Guarantee Company June 2015 Market Analysis

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)

Short Sale and Foreclosure Representative (SFR)

Saturday, August 1, 2015

June 2015 Market Analysis

This 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 2015 Highlights

• Market Analysis by Area for June: Summer real estate transactions are comparable to pre- recession 2007 numbers! There was $129,754,349 in monetary volume and 262 transactions. The average transaction price for all reported 18 areas: $498,396, average residential $513,041, median residential $373,500 and average PPSF $331 (Prices continue to stay fairly flat in June).

• Market Analysis by Area YTD 2015 (6 months): YTD- monetary volume was $538,379,734 with 1002 transactions. Average transaction price: $542,117, average residential price: $539,034 and average PPSF: $335.

• Market Snapshot for Years 2015 vs.2014: Values continue to be strong and are as follows: Average Indicators for $: Single Family +10%, Multi- Family +9% and Vacant Land +23%. Median Indicators for $: Single Family +6%, Multi- Family +17% and Vacant Land +20%.

• Market Analysis % Change showing years 2004-2015: Monetary volume($129,754,349) in June is up +86% compared to June 2014. Number of transactions (262) up +69% in June 2015 compared to June 2014. YTD ( 6 months) Summit County real estate is up 37% in monetary volume and up 28% with number of transactions compared to YTD 2014. Summer 2015 is pacing positive with June 2015 numbers are comparing to June 2007!

• Residential Market Sales by Price Point: Residential volume in June had 201 transactions with $103,121,200 gross volume. There were 17 properties that sold for $1M and above in June. The most active price point was the $200K-$300K range. There were 59 Single family, 142 Multi-family and 22 Vacant land transactions in June.

• YTD 2015 Average Price History: Average residential pricing remains steady for 2015- Single Family- $864,074, Multi- Family-$390,478 and Vacant Land-$391,042.

• Historical Cost Breakdown for 2015: There have been 797 residential transactions YTD and $429,609,700 volume with 72 properties selling for a $1M and over- Compared to 2014- there were 624 transactions and $318,435,356 gross volume, 53 properties at $1M and over and in 2013, there were 601 transactions with $304,101,400 gross volume, 51 properties at $1M and over.

• Top Lender Graph: There were 421 loans in June, 67% of the loans were related to sales, there were 169 REFI's and 76 loans were timeshare related. 33% of the real estate closings were cash transactions.

• Market Highlights: Please see page 10 of the Market Analysis-Higher priced sales in June with only one to note at Shock Hill. There were 0 Bank sales in June compared to 4 in May.

• Foreclosures: There was only one action- PTD in June 2015, compared to 17 actions in June 2014.

• Land Title Purchaser Highlights (Page 14): There were 21 higher end sales in June - you can see the details on this report. In June, our buyers for real estate transactions were the Front Range demographic at 37% of our market, 33% are local and 29% are out of state buyers, with 1% International.

• Land Title New Development Summary- this (page 15) shows all the new construction each month including the Deed Restricted new construction which isn't included on the other Residential reports.

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)

Monday, June 29, 2015

May 2015 Market Analysis

May 2015 Highlights

Market Analysis by Area for May: May real estate in Summit County was another great month! There was $116,330,500 in monetary volume and 205 transactions. The average transaction price for all reported 18 areas: $573,027, average residential $540,710, median residential $ 435,000 and average PPSF $330.

Market Analysis by Area YTD 2015 (5 months): YTD- monetary volume was $408,625,385 with 740 transactions. Average transaction price: $557,667, average residential price: $547,799 and Average PPSF: $337.

Market Snapshot for Years 2015 vs.2014: Values continue to be strong and are as follows: Average Indicators for $: Single Family +10%, Multi- Family +12% and Vacant Land +33%. Median Indicators for $: Single Family +6%, Multi- Family +19% and Vacant Land +32%.

Market Analysis % Change showing years 2004-2015: Monetary volume ($116,330,500) in May is up +27% compared to May 2014. Number of transactions (205) up +18% in May 2015 compared to May 2014. YTD ( 5 months) Summit County real estate is up 34% in monetary volume and up 24% with number of transactions compared to YTD 2014. This is the best May since 2007!

Residential Market Sales by Price Point: Residential volume in May had 173 transactions with $93,542,900 gross volume. There were 12 properties that sold for $1M and above in May. The most active price point was the $300K-$400K range. There were 50 Single family, 123 Multi-family and 11 Vacant land transactions in May.

YTD 2015 Average Price History: Average residential pricing continues the upward trend for 2015- Single Family- $862,364, Multi- Family-$399,449 and Vacant Land-$424,063.

Historical Cost Breakdown for 2015: There have been 596 residential transactions YTD and $326,488,500 gross volume with 55 properties selling for a $1M and over- Compared to 2014- there were 505 transactions and $266,433,406 gross volume, 48 properties at $1M and over and in 2013, there were 491 transactions with $250,304,400 gross volume, 38 properties at $1M and over.

Top Lender Graph: There were 415 loans in May, 72% of the loans were related to sales, there were 125 REFI's and 142 loans were timeshare related. 28% of the real estate closings were cash transactions down from the past months.

Market Highlights: Please see page 10 of the Market Analysis-Higher priced sales in May with only one to note at One Ski Hill Place. There were 4 Bank sales in May compared to 1 in April.

Foreclosures: Foreclosures continue to decline with 4 filed actions in May compared to 22 in May 2014.

Land Title Purchaser Highlights (Page 14): There were 13 higher end sales in May - you can see the details on this report. In May, our buyers for real estate transactions were the Front Range demographic at 38% of our market, 32% are local and 29% are out of state buyers, with 1% International.

To view the full report please click here: Land Title Guarantee Company May 2015 Market Analysis.

As always, please let me know if you have any 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

Land Title Guarantee Company April 2015 Market Analysis

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)

Short Sale and Foreclosure Representative (SFR)

Sunday, June 7, 2015

April 2015 Market Analysis

Please note the following information is provided as a courtesy of Land Title. 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 2015 Highlights

• Market Analysis by Area for April: April real estate in Summit County was a busy month! There was $92,373,585 in monetary volume and 153 transactions. The average transaction price for all reported 18 areas: $610,971, average residential $583,910, median residential $ 450,000 and average PPSF $327. Frisco and Wildernest areas were steady in April with 17% of the transactions each.

• Market Analysis by Area YTD 2015 (4 months-first quarter of 2015): YTD- monetary volume was $292,294,885 with 535 transactions. Average transaction price: $551,762, average residential price: $550,699 and Average PPSF: $340. The Breckenridge areas make up 47% of the YTD transactions, Keystone (15%) and Frisco (11%) are also strong areas this spring.

• Market Snapshot for Years 2015 vs.2014: Values continue to stay healthy and are as follows: Average Indicators for $: Single Family +11%, Multi- Family +9% and Vacant Land +32%. Median Indicators for $: Single Family +7%, Multi- Family +16% and Vacant Land +29%.

• Market Analysis % Change showing years 2004-2015: Monetary volume ($92,373,585) in April is up +55% compared to April 2014. Number of transactions (153) up +31% in April 2015 compared to April 2014. YTD ( 4 months) Summit County real estate is up 37% in monetary volume and up 27% with number of transactions compared to YTD 2014. This is the best April since 2008!

• Residential Market Sales by Price Point: Residential volume in April had 125 transactions with $72,988,800 gross volume. There were 15 properties that sold for $1M and above in April. The most active price point was the $300K-$400K range. There were 47 Single family, 78 Multi-family and 9 Vacant land transactions in April.

• YTD 2015 Average Price History: Average residential pricing continues the upward trend for 2015- Single Family- $873,006, Multi- Family-$389,545 and Vacant Land-$420,154.

• Historical Cost Breakdown for 2015: There have been 423 residential transactions YTD and $232,945,600 gross volume with 43 properties selling for a $1M and over- Compared to 2014- there were 353 transactions and $183,799,200 gross volume, 31 properties at $1M and over and in 2013, there were 357 transactions with $176,280,200 gross volume, 26 properties at $1M and over.

• Top Lender Graph: There were 412 loans in April, 71% of the loans were related to sales, there were 165 REFI's and 138 loans were timeshare related. 29% of the real estate closings were cash transactions down from the past months.

• Market Highlights: Please see page 10 of the Market Analysis-Higher priced sales in April with only one to note at Dercum's Dash in Keystone. There was one bank sale in April.

• Foreclosures: Foreclosures are still dropping with 5 filed actions in April compared to 8 in April 2014.

• Land Title Purchaser Highlights (Page 14): There were 21 higher end sales in April - you can see the details on this report. In April, our buyers for real estate transactions were the Front Range demographic at 41% of our market, 31% are local and 28% are out of state buyers, with 1% International.

The full report can be viewed 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

The Full Report Can Be Viewed Here

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)

Short Sale and Foreclosure Representative (SFR)

Sunday, May 3, 2015

March 2015 Market Analysis

March 2015 Highlights

• Market Analysis by Area for March: March was a great spring month for real estate with $83,058,500 in monetary volume and 149 transactions. The average transaction price for all reported 18 areas: $565,315, average residential price: $544,761 and median residential price: $389,000.The average PPSF was $343. Silverthorne and the Wildernest areas were active in March with a total of 32 transactions.

• Market Analysis by Area YTD 2015 (3 months-first quarter of 2015): YTD- monetary volume was $199,921,300 with 382 transactions. Average transaction price: $528,047, Average residential price: $536,768 and Average PPSF: $345.

• Market Snapshot for Years 2015 vs.2014: Values continue to be strong for the first quarter of 2015 and are as follows: Average Indicators for $: Single Family +8%, Multi- Family +10% and Vacant Land +18%. Median Indicators for $: Single Family +9%, Multi- Family +12% and Vacant Land +20%.

• Market Analysis % Change showing years 2004-2015: Monetary volume ($83,058,500) in March is up +37% compared to March 2014. Number of transactions (149) up +25% in March 2015 compared to March 2014. YTD ( 3 months) Summit County real estate is up 30% in monetary volume and up 26% with number of transactions compared to YTD 2014. The first quarter of 2015 continues at a strong pace and reflects the best improvement since 2008.

• Residential Market Sales by Price Point: Residential volume in March had 111 transactions with $60,468,500 gross volume. There were 13 properties that sold for $1M and above in March. The most active price point was the $200K-$300K range. There were 38 Single family, 73 Multi-family and 15 Vacant land transactions in March.

• YTD 2015 Average Price History: Average residential pricing is strong for the first quarter of 2015: Single Family- $851,420, Multi- Family-$391,781 and Vacant Land-$374,447.

• Historical Cost Breakdown for 2015: There have been 298 residential transactions the first quarter of 2015 and $159,956,800 gross volume with 28 properties selling for a $1M and over- Compared to 2014- there were 254 transactions and $129,120,700 gross volume, 20 properties at $1M and over and in 2013, there were 239 transactions with $116,142,700 gross volume, 16 properties at $1M and over.

• Top Lender Graph: There were 426 loans in March, 65% (97) loans were related to sales, there were 161 REFI's and 168 loans were timeshare related. 35% of the real estate closings were cash transactions.

• Market Highlights: Please see page 10 of the Market Analysis-Higher priced sales in March with only one to note. There were 2 bank sales in March.

• Foreclosures: Foreclosures were more consistent with March 2014 (8) with 10 in March 2015.

• Land Title Purchaser Highlights (Page 14): There were 16 higher end sales in March - you can see the details on this report. Blue River Apartments sold in March with 186 bedrooms at $9.25M. In March, our buyers for real estate transactions were the Front Range demographic at 46% of our market, 28% are local and 27% are out of state buyers, with 0% International. We did see a surge in local buyers in March with is typical for the spring selling season.

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, April 2, 2015

February 2015 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.

February 2015 Highlights

• Market Analysis by Area for February: So far this Winter brought 2 great months for real estate with $50,326,500 in monetary volume and 106 transactions in February. The average transaction price for all reported 18 areas: $480,784, average residential price: $486,266 and median residential price: $412,000.The average PPSF was $345. Keystone was fairly busy for February with 22 transactions!

• Market Analysis by Area YTD 2015 (2 months): YTD- monetary volume was $116,862,800 with 233 transactions. Average transaction price: $504,493, Average residential price: $532,023 and Average PPSF: $346.

• Market Snapshot for Years 2015 vs.2014: Values continue to be strong in 2015 and are as follows: Average Indicators for $: Single Family +4%, Multi- Family +15% and Vacant Land +17%. Median Indicators for $: Single Family +9%, Multi- Family +19% and Vacant Land +19%.

• Market Analysis % Change showing years 2004-2015 : Monetary volume ($50,326,500) in February is up +25% compared to February 2014. Number of transactions up +28% in February 2015 compared to February 2014! YTD (2 months) Summit County real estate is up 26% in monetary volume and up 26% with number of transactions compared to YTD 2014. The February's numbers are the highest in a February since 2008.

• Residential Market Sales by Price Point: Residential volume in February had 89 transactions with $43,277,700 gross volume. There were only 3 properties that sold for $1M and above in February. The most active price points were a mix in February-with 15 transactions below $200K, and the next price point that was busy was the $300K to $400K. There were 24 Single family, 65 Multi-family and 6 Vacant land transactions in February.

• YTD 2015 Average Price History: Average residential pricing continues to stay strong: Single Family- $817,736, Multi- Family-$409,886 and Vacant Land-$373,635.

• Historical Cost Breakdown for 2015: There have been 187 residential transactions in 2015 and $99,488,300 gross volume with 15 properties selling for a $1M and over- Compared to 2014- there were 150 transactions and $73,888,600 gross volume, 11 properties at $1M and over and in 2013, there were 153 transactions with $80,367,800 gross volume, 16 properties at $1M and over.

• Top Lender Graph: There were 407 loans in February, 65% (106) loans were related to sales, there were 122 REFI's and 216 loans were timeshare related. 35% of the real estate closings were cash transactions.

• Market Highlights: Please see page 10 of the Market Analysis-Higher priced sales were sluggish in February with only 2 to note. There was also one Bank Sale in February. There was a sale at the Breckenridge Mountain Lodge in the Commercial sector for $2.6M, the PPSF was only $77.17.

• Foreclosures: Foreclosures continue to be very low again this month with only one PTD.

• Land Title Purchaser Highlights (Page 14): There were 4 higher end sales in February to note- you can see the details on this report. In February, our buyers for real estate transactions were the Front Range demographic at 43% of our market, 24% are local and 32% are out of state buyers, with only 1% International.

As always, please feel free to contact me anytime. 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, March 3, 2015

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.

January 2015 Highlights:

Market Analysis by Area for January: January was off to a positive start in 2015 with $66,536,300 in monetary volume and 127 transactions. The average transaction price for all reported 18 areas was $523,908, average residential price was $573,578 and median residential price was $404,500. The average PPSF was $347. All of these prices are up from December 2014!
Market Snapshot for Years 2015 vs.2014: Values start out strong in 2015 and are as follows: Average Indicators for $: Single Family +14%, Multi- Family +17% and Vacant Land +37%. Median Indicators for $: Single Family +14%, Multi- Family +15% and Vacant Land +91%.
Market Analysis % Change showing years 2004-2015: Monetary volume ($66,536,300) is up 28% from January 2014, transaction volume (127) is up 25% from January 2014. January 2015 shows the best improvement in a January with both monetary volume and transactions numbers since 2008!
Residential Market Sales by Price Point: Residential volume in January had 98 transactions with $56,210,600 gross volume. There were 12 properties that sold for $1M and above in January. The most active price point in January was between the ranges of $200K to $300K. There were 32 Single family, 66 Multi-family and 11 Vacant land transactions in January.
2015 Average Price History: Average residential pricing is up from 2014: Single Family- $891,931, Multi- Family-$419,224 and Vacant Land-$434,482.
Historical Cost Breakdown for 2015: There have been 98 residential transactions in 2015 and $56,210,600 gross volume with 12 properties selling for a $1M and over- Compared to 2014- there were 83 transactions and $38,988,500 gross volume, 7 properties at $1M and over and in 2013, there were 89 transactions with $48,299,200 gross volume, 10 properties at $1M and over.
Top Lender Graph: There were 423 loans in January, 61% (77) loans were related to sales, there were 110 REFI's and 236 loans were timeshare related. 39% of the real estate closings were cash transactions.
Land Title Purchaser Highlights (Page 14): There were 13 higher end sales in January to note- you can see the details on this report. In January, our buyers for real estate transactions were the Front Range demographic at 45% of our market, up this month- 45% are local and 28% are out of state buyers.

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

Tyler MacGuire

Broker Associate

Omni Real Estate Company

Office: 970-468-2740

Mobile: 970-409-7779

The full report can be viewed here.

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)

Short Sale and Foreclosure Representative (SFR)

Monday, February 2, 2015

December and Year End 2014 Land Title Market Analysis

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.

December & 2014 Year End Highlights

Market Analysis by Area for December: December was a positive month with $79,465,900 in monetary volume and 174 transactions. The average transaction price for all reported 18 areas was $462,958, average residential price was $489,388 and median residential price was $380,000.The average PPSF was $322.

Full Year 2014 Transaction Summary: There have been a total of 2042 transactions with just short of a Billion in Sales at $962,569,581 in monetary volume. 2014 was comparable with the numbers in 2008. It seems that the Summit County real estate market is continuing our momentum. The average transaction price for all 18 reported areas was $472,722. The average residential price was $496,053. The median residential price was $392,500. The average PPSF was $314.

Market Snapshot for Full Year 2014 vs. 2013: Values remain stable and are as follows: Average Indicators for $: Single Family +4%, Multi- Family +4% and Vacant Land -2%. Median Indicators for $: Single Family +4%, Multi- Family -5% and Vacant Land +16%.

Market Analysis % Change showing years 2004-2014 (Year End for 2014): Monetary volume ($79,465,900) is up 14% from December 2013, transaction volume (174) is up 32% from December 2013. Full Year 2014 monetary volume is up 8% from 2013. 2014 transaction volume is up by 7% from 2013.

Residential Market Sales by Price Point: Residential volume in December had 143 transactions with $69,982,500 gross volume. There were 10 properties that sold for $1M and above in December. The most active price point in December was between the ranges of $200K to $400K. There were 39 Single family, 104 Multi-family and 13 Vacant land transactions in December. In 2014, there were 561 Single family, 1170 Multi- Family and 126 Vacant Land Residential sales.

2014 Average Price History: Average residential pricing continues to be consistent for 2014: Single Family- $751,240, Multi- Family-$344,578 and Vacant Land-$324,137. This graph on page 7 is a great piece to show your clients that our market has held its’ value over all these years.

Historical Cost Breakdown for 2014: There have been 1731 residential transactions in 2014 and $858,667,681 gross volume with 126 properties selling for a $1M and over- Compared to 2013 there were 1563 transactions and $769,965,955 gross volume, 122 properties at $1M and over and in 2012, there were 1314 transactions with $673,545,600 gross volume, 106 properties at $1M and over.

Top Lender Graph: There were 401 loans in December, 59% loans were related to sales, there were 174 REFI's and 124 loans were timeshare related. 41% of the real estate closings were cash transactions. There were 1238 loans related to Sales ( 22%), 1361 REFI's ( 24%) and 3070 Timeshare loans ( 54%) with the average of 43% being all cash real estate transactions in 2014.

Foreclosures: There were only 12 Foreclosure actions in December, compared to 22 in December 2013. Check out page 13- there were only 65 Public Trustee's Deeds in 2014 compared to 2013 with 92 and 2012 at 165. Foreclosures are no longer a trend in Summit County, happy to say!

Land Title Purchaser Highlights: There were 11 higher end sales in December to note- you can see the details on this report. In December, the majority of our buyers for real estate transactions continue to be the Front Range demographic at 49% of our market, only 19% are local and 32% are out of state buyers. In 2014, the final demographics of our buyers are: 44% Front Range, 31% out of state, 24% local and 1% International.

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)

Saturday, January 3, 2015

November 2014 Market Analysis

October 2014 Highlights

Market Analysis by Area for November: November was a great month with $93,284,600 in monetary volume and 203 transactions. The average transaction price for all reported 18 areas was $459,530, average residential price was $472,534 and median residential price was $350,000.The average PPSF was $313.

YTD Transaction Summary: There have been a total of 1868 transactions with $883,103,681 monetary volume, the average transaction price for all 18 reported areas was $473,622. The average residential price was $496,653. The median residential price was $393,750. The average PPSF was $313.

Market Snapshot for YTD 2014 vs. 2013: Values remain steady and are as follows: Average Indicators for $: Single Family +4%, Multi- Family +3% and Vacant Land -1. Median Indicators for $: Single Family +5%, Multi- Family +6% and Vacant Land +16%.

Market Analysis % Change showing years 2004-2014 November YTD: Monetary volume ($93,284,600) is up 16% from November 2013, transaction volume (203) is up 19% from November 2013. 2014 YTD (11 months) monetary volume is up 8% from YTD 2013. YTD 2014 transaction volume is up by 5% from YTD 2013. Monetary volume and transaction volume are the highest for the month of November since 2007.

Residential Market Sales by Price Point: Residential volume in November had 182 transactions with $86,001,200 gross volume. There were 10 properties that sold for $1M and above in November. The most active price point in November was between the ranges of $200K to $400K. There were 58 Single family, 124 Multi-family and 9 Vacant land transactions in November.

2014 Average Price History: Average residential pricing continues to be consistent as of November: Single Family- $783,894, Multi- Family-$355,997 and Vacant Land-$321,469.

Historical Cost Breakdown YTD 2014: There have been 1588 residential transactions YTD 2014 and $788,685,181 gross volume with 116 properties selling for a $1M and over- Compared to 2013 YTD, there were 1450 transactions and $710,018,300 gross volume, 111 properties at $1M and over and in 2012 YTD, there were 1165 transactions with $597,903,800 gross volume, 95 properties at $1M and over.

Top Lender Graph: There were 432 loans in November, 134 loans were related to sales, there were 118 REFI's and 180 loans were timeshare related. 37% of the real estate closings were cash transactions.

Foreclosures: Foreclosure actions continue to decrease each month with only 6 this November with 4 being Fee Simple. 2014 foreclosures are substantially down from years past!

Land Title Purchaser Highlights (Page 15): There were 11 higher end sales in November to note- you can see the details on this report. In November, the majority of our buyers for real estate transactions continue to be the Front Range demographic at 51% of our market, only 23% are local and 26% are out of state buyers.

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