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.
November
2015 Highlights
·
Market
Analysis by Area for November: Last month’s real estate stabilized a bit compared to the
previous summer and early fall months for transactions in
Summit County. There was $109,915,500 in monetary volume and 205
transactions. The average transaction price for all reported 18 areas:
$541,209, average residential: $559,865, median residential: $439,000 and
average PPSF: $354.
·
Market
Analysis by Area YTD 2015 (11 months): YTD - monetary volume was
$1,231,358,111 with 2261 transactions. Average transaction price:
$547,745, average residential price: $549,260 and average PPSF: $346.
·
Market
Snapshot for Years 2015 vs 2014: Values are still strong and are as
follows: Average Indicators for $: Single Family +10%, Multi-
Family +12% and Vacant Land +15%.Median Indicators for $:
Single Family +7%, Multi- Family +19% and Vacant Land +5%.
·
Market
Analysis % Change showing years 2004-2015: Monetary volume ($10,995,500) in November
was up +5% compared to November 2014. Number of transactions (205) were
down 5% in November 2015 compared to November 2014. This might be due to a low
inventory factor in Summit County. YTD (11 months) Summit County real
estate is up 27% in monetary volume and up 15% with number of transactions
compared to YTD 2014.
·
Residential
Market Sales by Price Point: Residential volume in November had 179
transactions with $100,215,900 gross volume. There were 18 properties
that sold for $1M and above in November. The most active price
points were again in the $200K-$400K range this
month. There were 59 Single family, 120 Multi-family and 9 Vacant
land transactions in November.
·
YTD
2015 Average Price History: Average residential pricing continues to increase for
2015- Single Family: $859,565, Multi- Family: $400,126 and Vacant
Land was down a little from last month: $365,844.
·
Historical
Cost Breakdown for 2015: There have been 1870 residential transactions YTD and
$1,027,115,318 volume with 182 properties selling for a $1M and over-compared
to 2014, there were 1588 transactions and
$788,685,181 gross volume, 116 properties at $1M and over and in
2013, there were 1450 transactions with $710,018,300 gross volume,
111 properties at $1M and over.
·
Top
Lender Graph: There
were 433 loans in November, 67% of the loans were related to sales, there were
102 REFI's and 194 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 sale in November (Royal Tiger
Road). There were no bank sales in November.
·
Foreclosures: There were 4 foreclosure actions in
November, compared to 6 in November 2014.
·
Land
Title Purchaser Highlights (Page 14): There were 22 higher end sales
in November compared to 29 in October - you can see the details on
this report. In November, our buyers for real estate transactions
were the Front Range demographic at 45% of our market, 26% are local and
30% 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)
