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.
March 2016 Highlights
Market Analysis by
Area for March 2016: March was a
decent month for real estate with 136 transactions and $86,347,800 monetary
volume. Average transaction price for all 18 reported areas: $644,739: Average
residential price: $654,964: Average residential PPSF $376, all up from
February 2016.
Year to Date Market
Analysis (3 months): So far, monetary volume is $216,576,550 with 386
transactions. Average transaction price: $570,526: Average residential price:
$585,809 and PPSF: $365.
Market Snapshot for
Years 2016 vs 2015: Pricing is holding steady: Average Indicators for $:
Single Family +9%, Multi- Family +2% and Vacant Land -10%. Median Indicators
for $: Single Family +6%, Multi- Family +2% and Vacant Land +8%.
Market Analysis %
Change YTD 2016 Data (3 months): Monetary volume ($86,347,800) in March was
up 4% compared to March 2015. Number of transactions (136) was down 9% in March
compared to March 2015. YTD 2016, monetary volume is up 8% and transactions
fairly flat at +1% compared to YTD 2016. I believe this is due to lack of
inventory.
Residential Market
Sales by Price Point: Residential volume in March had 114 transactions with
$74,665,900 gross volume. There were 14 properties that sold for $1M and above
in March. The most active price points (24) were between the $200K-$300K range
this month. There were 42 Single Family, 72 Multi-Family and 9 Vacant Land
transactions in March.
Comparative
Historical Cost Analysis (3 months): There were 323 residential
transactions and $189,216,250 volume with 60 properties selling for a $1M and
over-compared to 2015, there were 298 transactions and $159,956,800 gross
volume, 46 properties at $1M and over and in 2014, there were 254 transactions
with $129,120,700 gross volume, 20 properties at $1M and over.
Average Price History
by Type (3 months): Average price for residential Single Family: $932,256,
Mulit- Family: $406,892 and Vacant Land: $336,790.
Top Lender Graph:
There were 479 loans in March, 64% of the loans were related to sales, there
were 134 REFI's and 258 loans were timeshare related. 36% of the real estate
closings were cash transactions.
Market Highlights:
Please see page 10 of the Market Analysis-Higher priced sale in March (Shock
Hill). There were two bank sales in March.
Foreclosures:
There were 12 YTD in 2016 with 3 in March, way down from 10 in March 2015
alone.
Purchaser Profile
Abstract: Upper end purchasers
totaled 16 in March compared to 10 in February. Our buyers for real estate
transactions were the Front Range demographic at 40% of our market, 32% are
local (side note: which in part are
"retires" coming to Summit County) and 29% are out of state
buyers, with 0% International.
The full report can be viewed here: http://www.ltgc.com/files/breckenridge-marketstats/SUMMITMARCH2016.pdf
As always, please feel free to call or email 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)
