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.
September 2016 Highlights
Market Analysis by
Area for September 2016: There were 297 transactions and $174,179,706 in
monetary volume. Some trends for all 18 reported areas: $596,761- Average
transaction price, $612,119- Average Residential price and $385- PPSF, all up
from July and August 2016.
Year to Date Market
Analysis (9 months): Monetary volume was $951,530,665 with 1752
transactions. Average transaction price-$552,761, Average residential
price-$569,158 and PPSF-$368.
Market Snapshot for
Years 2016 vs 2015: Average
Indicators for $: Single Family +8%, Multi- Family 0% and Vacant Land -10%.
Median Indicators for $: Single Family +8%, Multi- Family 3% and Vacant Land
-4%.
Market Analysis %
Change YTD 2016 Data (9 months): Monetary volume ($174,179,706) in
September was up 5% compared to September 2015. Number of transactions (297)
was fairly flat at -1% in September compared to September 2015. YTD 2016,
monetary volume is pacing flat at -1% compared to YTD 2015 and transactions
continue that same trend at -1% compared
to YTD 2016. There continues to be a shortage of inventory in Summit County.
Residential Market
Sales by Price Point: Residential volume in September had 243 transactions
with $148,744,985 gross volume. There were 29 properties that sold for $1M and
above in September. The most active price points were up from the past few
months. They were between the $400K-$500K (49) range. There were 87 Single
Family, 156 Multi-Family and 16 Vacant Land transactions in September.
Comparative
Historical Cost Analysis (9 months): There were 1463 residential
transactions and $832,677,478 volume with 150 properties selling for a $1M and
over-compared to 2015, there were 1438 transactions and $784,072,868 gross
volume, 140 properties at $1M and over and in 2014, there were 1189 transactions
with $598,246,081 gross volume, 91 properties at $1M and over.
Average Price History
by Type (9 months): Average price for residential Single Family: $922,641,
Multi- Family: $400,798 and Vacant Land: $336,198.
Top Lender Graph:
There were 648 loans in September, 70% of the loans were related to sales,
there were 177 REFI's and 264 loans were timeshare related. 30% of the real
estate closings were cash transactions.
Market Highlights:
Please see page 10 of the Market Analysis- You can note the higher priced sale
in September in the Lewis Ranch area at Copper and a Waterhouse Condo for
highest PPSF. There were no bank sales in September.
Foreclosures:
There was only 1 foreclosure Fee Simple property in September.
Purchaser Profile
Abstract: Upper end purchasers
totaled 31 in September. Our buyers for real estate transactions were the Front
Range demographic at 38% of our market, 26% are "local" and 36% are
out of state buyers with 0% International. There is a new page 15 with the
Purchaser Detailed Profile for specifics on our Out of State buyers.
The full report can be found here: http://www.ltgc.com/files/breckenridge-marketstats/SUMMITSEPTEMBER2016.pdf
As always, please feel free to contact me any time at the
information below. 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)
