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
"Your Guide to Summit County Real Estate"
Certified Negotiation Expert (CNE)
Short Sale and Foreclosure Representative (SFR)
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