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.
• 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)
