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.
December
2015 Highlights
·
Market
Analysis by Area for December: The last month of the year turned out to be a busy one with 276
transactions and $141,435,873 monetary volume. Average transaction price
for all 18 reported areas: $512,449: Average residential price:$525,692:
Average residential PPSF $372.
·
Market
Analysis by Area YTD 2015 (12 months): Final year Monetary volume was
$1,372,793,984 with 2537 transactions.-Average transaction price: $543,881,
average residential price: $546,678 and average PPSF: $348.
·
Market
Snapshot for Years 2015 vs 2014: Final 2015 values held strong and
are as follows: Average Indicators for $: Single
Family +9%, Multi- Family +12% and Vacant Land +17%. Median Indicators for
$: Single Family +7%, Multi- Family +19% and Vacant Land +8%.
·
Market
Analysis % Change Complete Full Year 2015 Data: Monetary volume ($141,435,873) in
December was up +57% compared to December 2014. Number of transactions
(276) were up 48% in December 2015 compared to December 2014. Full
year 2015 Summit County real estate is up 30% in monetary
volume and up 18% with number of transactions compared to
full year 2014.
·
Residential
Market Sales by Price Point: Residential volume in December had 230
transactions with $120,909,250 gross volume. There were 16 properties
that sold for $1M and above in December. The most active price
points were again in the $200K-$300K range this
month. There were 71 Single family, 159 Multi-family and 19 Vacant
land transactions in December. Full Year 2015, there were 678 Single
family, 1422 Multi-family and 156 Vacant
land residential transactions.
·
Full
Year 2015 Average Price History: Average residential pricing continues to
increase for 2015- Single Family: $855,925, Multi-
Family:$399,232 and Vacant Land was $372,794, all up the past 4 years.
·
Historical
Cost Breakdown for Full Year 2015: There have been 2100 residential transactions YTD and
$1,148,024,568 volume with 198 properties selling for a $1M and
over-compared to 2014, there were 1731 transactions and
$858,667,681 gross volume, 126 properties at $1M and over and in
2013, there were 1563 transactions with $769,965,955 gross volume, 122 properties
at $1M and over.
·
Top
Lender Graph: There
were 604 loans in December, 65% of the loans were related to sales, there were
131 REFI's and 294 loans were timeshare related. 35% of the real estate
closings were cash transactions. Full year 2015, the average for cash closings
ended at 34%. The list of lenders and number of transactions for all the 5684
loans are listed in a link below.
·
Market
Highlights: Please see page
10 of the Market Analysis-Higher priced sale in December (Shock
Hill). There were no bank sales again in December.
·
Foreclosures: Foreclosure actions ended 2015 way down with
only 63 on for the year, there were only 3 Foreclosure actions in December
compared to 12 in December 2014.
·
Land
Title Purchaser Highlights (Page 14): There were 20 higher end sales in
December, similar to November's 21 - you can see the details on
this report. Full year 2015, our buyers for real estate transactions were
the Front Range demographic at 40% of our market, 29% are local ( side
note: which in part are "retires" coming to Summit
County) and 30% are out of state buyers, with 1% International.
·
Land
Title New Development Summary: This (page 15) shows all the new construction each month
with 27 in December, 9 Town Center Condos closed in December, the report also
includes the Deed Restricted new construction which isn't included on the other
Residential reports.
As always, please feel free to contact me any time 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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