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