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.
April 2016 Highlights
Market
Analysis by Area for April 2016: April was another consistent month
for real estate with 155 transactions and $89,007,327
in monetary volume. Average transaction price for all 18
reported areas: $580,244 Average residential
price, $579,540 average residential and PPSF at $358, all down a
bit from March 2016.
Year to Date Market Analysis (4 months): So far, monetary volume is $305,583,877 with 541 transactions. Average transaction price: $573,353, Average residential price: $583,951 and PPSF: $362.
Residential Market Sales by Price Point: Residential volume in April had 136 transactions with $78,817,427 gross volume. There were 13 properties that sold for $1M and above in April. The most active price points (31) were between the $200K-$300K range this month. There were 46 Single Family, 90 Multi-Family and 9 Vacant Land transactions in April.
The full report can be viewed here: Land Title Guarantee Company April 2016 Market Analysis
Year to Date Market Analysis (4 months): So far, monetary volume is $305,583,877 with 541 transactions. Average transaction price: $573,353, Average residential price: $583,951 and PPSF: $362.
Market
Snapshot for Years 2016 vs 2015: Pricing fluctuates a
bit in April with the Average Indicators for $: Single Family
+11%, Multi- Family -1% and Vacant Land -7%. Median Indicators
for $: Single Family +6%, Multi- Family +0% and Vacant Land +6%.
Market
Analysis % Change YTD 2016 Data (4 months): Monetary volume
($89,007,327) in April was down -4% compared to April 2015. Number of
transactions (155) was flat at +1% in April compared to April 2015.
YTD 2016, monetary volume is up 5% and transactions fairly flat
at +1% compared to YTD 2016. Once again, I believe this is due
to lack of inventory in Summit County.
Residential Market Sales by Price Point: Residential volume in April had 136 transactions with $78,817,427 gross volume. There were 13 properties that sold for $1M and above in April. The most active price points (31) were between the $200K-$300K range this month. There were 46 Single Family, 90 Multi-Family and 9 Vacant Land transactions in April.
Comparative
Historical Cost Analysis (4 months): There were 459
residential transactions and $268,033,677 volume with 46 properties
selling for a $1M and over-compared to 2015, there were 423
transactions and $232,945,600 gross volume, 43 properties at
$1M and over and in 2014, there were 353 transactions with
$183,799,200 gross volume, 31 properties at $1M and over.
Average
Price History by Type (4 months): Average price
for residential Single Family: $951,609, Mulit- Family: $394,663
and Vacant Land: $345,903.
Top
Lender Graph: There were 419 loans in April, 65% of
the loans were related to sales, there were 137 REFI's and 182 loans were
timeshare related. 35% of the real estate closings were cash
transactions.
Market
Highlights: Please see page 10 of the Market Analysis-Higher
priced sale in April (Timber Trail). There was only one bank
sale in April, compared to 2 this past March.
Foreclosures: There
were 4 foreclosure actions in April 2016 compared to 5 in April 2015. .
Purchaser
Profile Abstract: Upper end purchasers totaled
16 in April same as March. Our buyers for real estate
transactions were the Front Range demographic at 34% of our market, 31%
are local ( side note: which in part are "retires"
coming to Summit County) and 35% 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)
