The following information is provided
as a courtesy of Land Title. Please
note, 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 2017 Highlights
Market Analysis by
Area for March 2017: There were 178 transactions and $123,142,000 in
monetary volume. Some trends for all 18 reported areas in March: $713,812-
Average transaction price, $753,769- Average residential price and $418-PPSF.
Year to Date Market
Analysis (3 months): Monetary volume in 2017 totaled $286,195,674 with 432
transactions. $666,373-Average transaction price, $704,599-Average residential
price and $423-PPSF.
Market Snapshot for Years
2017 vs 2016: Average Indicators for
$: Single Family +30%, Multi- Family +10% and Vacant Land +14%. Median
Indicators for $: Single Family +45%, Multi- Family +7% and Vacant Land +16%.
Market Analysis %
Change YTD 2017: Monetary volume ($123,142,000) in March 2017 was 43%
higher than March 2016. Transactions were also up at 31% from March 2016. YTD 2017, monetary volume is up by 32% and
transactions are up 12% compared to YTD 2016.
Residential Market
Sales by Price Point: Residential volume in March had 137 transactions with
$103,266,300 gross volume. There were 33 properties that sold for $1M and above
in March. The most active price point was between $300K-400K with 22
transactions. There were 46 Single Family, 91 Multi-Family and 13 Vacant Land transactions
in March.
Average Price History
by Type 2017: Average price for residential Single Family: $1,213,507,
Multi- Family: $449,052 and Vacant Land: $403,524.
Comparative
Historical Cost Analysis 2017 YTD: There were 350 residential transactions
and $246,609,560 gross $ volume with 70 properties selling for a $1M and
over-compared to 2016, there were 323 transactions and $189,216,250 $ gross
volume, 33 properties at $1M and over.
In 2015, there were 298 transactions with $159,956,800 $ gross volume,
28 properties at $1M and over.
Top Lender Graph:
There were 532 loans in March, 63% (113) of the loans were related to sales,
there were 133 REFI's and 286 loans were timeshare related. 37% 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 March in the Sunrise Point area, One Ski Hill place topped out the highest
PPSF at $1,327. There were no bank sales in March.
Foreclosures:
There were 7 Foreclosure actions in March, 4 of those being timeshares.
Purchaser Profile
Abstract: There were 38 upper end
purchasers in March compared to 17 in February. Our buyers for real estate
transactions in March were the Front Range demographic at 40% of our market,
29% are "local" and 30% 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 20 in March compared to 12 in February.
Click Here to View the Full Report
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)
