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)
