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.
June 2016 Highlights
Market Analysis by Area
for June 2016: June real estate was a bit off from last June
2015. There were 220 transactions and $113,032,009 in monetary
volume. Average transaction price for all 18 reported areas: $557,775,
Average residential price, $568,592 average residential and PPSF at $358.
Year to Date Market Analysis (6 months): Monetary volume
was $533,505,792 with 958 transactions. Average transaction
price: $567,800, Average residential price: $573,953 and
PPSF: $365.
Market Snapshot for Years 2016 vs 2015: Average
Indicators for $: Single Family +9%, Multi- Family -1% and Vacant
Land -8%. Median Indicators for $: Single Family +8%, Multi- Family +2%
and Vacant Land -13%.
Market Analysis % Change YTD 2016 Data
(6 months): Monetary volume ($113,032,009) in June was
down -13% compared to June 2015. Number of transactions (220) was down -16% in
June compared to June 2015. YTD 2016, monetary volume is flat to 2015 and
transactions are down only -4% compared to YTD 2016. There continues to be
a shortage of inventory in Summit County.
Residential Market Sales by Price Point: Residential
volume in June had 187 transactions with $106,326,664 gross
volume. There were 17 properties that sold for $1M and above in June.
The most active price points were between the $200K-$300K range this
month. There were 62 Single Family, 125 Multi-Family and 14 Vacant
Land transactions in June.
Comparative Historical Cost Analysis (6 months): There
were 816 residential transactions and $467,856,447 volume with 78
properties selling for a $1M and over-compared to 2015, there were
797 transactions and $429,609,700 gross volume, 72 properties at
$1M and over and in 2014, there were 624 transactions with
$318,435,356 gross volume, 53 properties at $1M and over.
Average Price History by Type (6 months): Average
price for residential Single Family: $945,186, Mulit- Family:
$381,801 and Vacant Land: $231,536.
Top Lender Graph: There were 458 loans
in June, 66% of the loans were related to sales, there were 164
REFI's and 149 loans were timeshare related. 34% of the real estate closings
were cash transactions.
Market Highlights: Please see page 10 of
the Market Analysis-Higher priced sale in June (Highlands at Breck-
Discovery Hill). There were 2 bank sales in June.
Foreclosures: There were
3 foreclosure actions in June 2016 compared to 1 in June 2015.
Purchaser Profile Abstract: Upper
end purchasers totaled 18 in June. Our buyers for real estate
transactions were the Front Range demographic at 37% of our market, 36% are
"local" and 25% are out of state buyers, with
1% 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)
