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.
October 2015 Highlights
• Market
Analysis by Area for October: October
was another month with upward trends for real estate transactions in Summit
County. There was $156,891,050 in
monetary volume and 284 transactions. The average transaction price for all
reported 18 areas: $554,381, average residential: $564,532, median residential:
$425,000 and average PPSF: $355.
• Market
Analysis by Area YTD 2015 (10 months): YTD- monetary volume was $1,121,442,611
with 2056 transactions. Average transaction price: $548,395, average
residential price: $548,137 and average PPSF: $345.
• Market
Snapshot for Years 2015 vs.2014: Values
are still strong and are as follows: Average Indicators for $: Single Family
+9%, Multi- Family +12% and Vacant Land +18%.Median Indicators for $: Single
Family +6%, Multi- Family +18% and Vacant Land +10%.
• Market
Analysis % Change showing years 2004-2015: Monetary volume ($156,891,050) in
October is up +21% compared to October 2014. Number of transactions (284) are
up 7% in October 2015 compared to October 2014. YTD (10 months) Summit County
real estate is up 30% in monetary volume and up 18% with number of transactions
compared to YTD 2014.
• Residential
Market Sales by Price Point: Residential volume in October had 253 transactions
with $142,826,550 gross volume. There
were 24 properties that sold for $1M and above in October. The most active price points were in the
$200K-$400K range this month. There were 86 Single family, 167 Multi-family and
10 Vacant land transactions in October.
• YTD 2015
Average Price History: Average residential pricing continues to increase for
2015- Single Family: $857,481, Multi- Family: $399,825 and Vacant Land:
$375,690.
• Historical
Cost Breakdown for 2015: There have been 1691 residential transactions YTD and
$926,899,418 volume with 164 properties selling for a $1M and over-compared to
2014, there were 1406 transactions and $702,683,981 gross volume, 106
properties at $1M and over and in 2013, there were 1313 transactions with
$644,705,300 gross volume, 104 properties at $1M and over.
• Top
Lender Graph: There were 675 loans in October, 63% of the loans were related to
sales, there were 112 REFI's and 383 loans were timeshare related. 37% of the
real estate closings were cash transactions.
• Foreclosures: There were only 2 foreclosure actions in
October, compared to 13 in October 2014.
• Land
Title Purchaser Highlights (Page 14):
There were 29 higher end sales in October- you can see the details on
this report. In October, our buyers for real estate transactions were the Front
Range demographic at 46% of our market, 23% are local and 31% are out of state
buyers, with 0% International.
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)
