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.
September 2015 Highlights:
• Market
Analysis by Area for September:
September turned out to be another spectacular month for real estate
transactions in Summit County, comparable to September 2007 prior
recession. There was $165,716,318 in
monetary volume and 301 transactions. The average transaction price for all
reported 18 areas: $551,358, average residential: $561,135, median residential:
$440,000 and average PPSF: $367, all up from August 2015.
• Market
Analysis by Area YTD 2015 (9 months): YTD- monetary volume was $964,551,561
with 1772 transactions. Average transaction price: $547,431, average
residential price: $545,252 and average PPSF: $343, all up from YTD August
2015.
• Market
Snapshot for Years 2015 vs.2014: Values
are still strong and are as follows: Average Indicators for $: Single Family
+9%, Multi- Family +11% and Vacant Land +19%. Median Indicators for $: Single
Family +5%, Multi- Family +19% and Vacant Land +13%.
• Market
Analysis % Change showing years 2004-2015: Monetary volume ($165,716,318) in
September is up +13% compared to September 2014. Number of transactions (301)
are up 5% in September 2015 compared to September 2014. YTD ( 9 months) Summit
County real estate is up 32% in monetary volume and up 19% with number of
transactions compared to YTD 2014.
• Residential
Market Sales by Price Point: Residential volume in September had 254
transactions with $142,528,228 gross volume.
There were 30 properties that sold for $1M and above in September. The
number of $1M and over sales is substantial over last month. The most active price point was the
$200K-$300K range again this month. There were 81 Single family, 173
Multi-family and 22 Vacant land transactions in September. There were 29 new unit sales in September,
Waterhouse on Main Street had a large influence on that number.
• YTD 2015
Average Price History: Average residential pricing continues to increase for
2015- Single Family: $855,027 Multi- Family: $398,617 and Vacant Land:
$379,041.
• Historical
Cost Breakdown for 2015: There have been 1438 residential transactions YTD and
$784,072,868 volume with 140 properties selling for a $1M and over-compared to
2014, there were 1189 transactions and $598,246,081 gross volume, 91 properties
at $1M and over and in 2013, there were 1104 transactions with $548,737,300
gross volume, 89 properties at $1M and over.
• Top
Lender Graph: There were 502 loans in September, 61% of the loans were related
to sales, there were 129 REFI's and 189 loans were timeshare related. 39% of
the real estate closings were cash transactions.
• Market
Highlights: Please see page 10 of the Market Analysis-Higher priced sale in
September (Gold Flake Terrace). There
were 2 bank sales in September.
• Foreclosures: There were 6 foreclosure actions in
September, compared to 8 in September 2014. There have only been 54 foreclosure
actions in the past 9 months.
• Land
Title Purchaser Highlights (Page 14):
There were 35 higher end sales in September - you can see the details on
this report. In September, our buyers for real estate transactions were the
Front Range demographic at 37% of our market, 37% are local and 26% 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. 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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