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
.
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.
Click Here to View the Full Report
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
"Your Guide to Summit County Real Estate"
Certified Negotiation Expert (CNE)
Short Sale and Foreclosure Representative (SFR)
