The following data 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.
January 2017 Highlights
Market Analysis by
Area for January 2017: There were 138 transactions and $93,901,074 in
monetary volume. Some trends for all 18 reported areas in January: $684,316-
Average transaction price, $699,844- Average residential price and $442-PPSF.
Market Snapshot for
Years 2017 vs 2016: Average
Indicators for $: Single Family +22% Multi- Family +10% and Vacant Land -15%.
Median Indicators for $: Single Family +16%, Multi- Family 9% and Vacant Land
-8%.
Market Analysis %
Change YTD 2017: Monetary volume ($91,901,074) in January 2017 was
substantially higher at 45% compared to January 2016. Transactions (138) were
only up by 11%.
Residential Market
Sales by Price Point: Residential volume in January had 113 transactions
with $79,082,360 gross volume. There were 23 properties that sold for $1M and
above in January. The most active price point was up a bit between $300K-400K
with 19 transactions. There were 41 Single Family,72 Multi-Family and 7 Vacant
Land transactions in January.
Average Price History
by Type 2017: Average price for residential Single Family: $1,139,945
(another milestone for the highest since Land Title has been tracking), Multi-
Family: $449,231 and Vacant Land: $299,714.
Comparative
Historical Cost Analysis 2017: There were again 113 residential
transactions and $79,082,360 gross $ volume with 23 properties selling for a
$1M and over-compared to 2016, there were 104 transactions and $55,534,150
gross volume, 9 properties at $1M and over and in 2015, there were 98
transactions with $56,210,600 $ gross
volume, 12 properties at $1M and over.
Top Lender Graph:
There were 452 loans in January, 70% (96) of the loans were related to sales,
there were 152 REFI's and 204 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 January in the Sawmill Patch Placer area, also for the highest PPSF. There
were no bank sales in January.
Foreclosures:
Down again, with only 2 actions in January, compared to 4 in January 2016.
There with no PTD filings in January.
Purchaser Profile
Abstract: There were 25 upper end
purchasers in January compared to 22 in December 2016. Our buyers for real
estate transactions in January were the Front Range demographic at 33% of our
market, 36% are "local" and 31% are out of state buyers with barely
1% International.
Land Title New
Development Summary: This (page 16) shows all the new construction each
month with 11 in January compared to 16 in December 2016.
Click Here to View the Full Report
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)
Resort & Second Property Specialist (RSPS)
Short Sale and Foreclosure Representative (SFR)