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 2017 Highlights
Market Analysis by Area for April 2017: There were 189
transactions and $114,226,938 in monetary volume. Some trends for all 18
reported areas in April: $618,443- Average transaction price, $651,114- Average
residential price and $421-PPSF.
Year to Date Market Analysis (4 months): Monetary volume in
2017 totaled $400,422,612 with 621 transactions. $665,173-Average transaction
price, $687,676-Average residential price and $422-PPSF.
Market Snapshot for Years 2017 vs 2016: Average Indicators for $: Single Family +22%,
Multi- Family +12% and Vacant Land +8%. Median Indicators for $: Single Family
+30%, Multi- Family +10% and Vacant Land +8%.
Market Analysis % Change YTD 2017: Monetary volume
($114,226,938) in April 2017 was 28% higher than April 2016. Transactions (189)
were also up at 22% from April 2016. YTD
2017, monetary volume is up by 31% and transactions are up 15% compared to YTD
2016.
Residential Market Sales by Price Point: Residential volume
in April had 162 transactions with $105,480,438 gross volume. There were 25
properties that sold for $1M and above in April. The most active price point
was between $300K-400K with 28 transactions. There were 55 Single Family, 107
Multi-Family and 11 Vacant Land transactions in April.
Average Price History by Type 2017: Average price for
residential Single Family: $1,141,417, Multi- Family: $458,136 and Vacant Land:
$383,469.
Comparative Historical Cost Analysis 2017 YTD: There were
512 residential transactions and $352,089,998 gross $ volume with 95 properties
selling for a $1M and over-compared to 2016, there were 459 transactions and
$268,033,677 $ gross volume, 46 properties at $1M and over. In 2015, there were 423 transactions with
$232,945,600 $ gross volume, 43 properties at $1M and over.
Top Lender Graph: There were 416 loans in April, 64% (189)
of the loans were related to sales, there were 110 REFI's and 185 loans were
timeshare related. 36% of the real estate closings were cash transactions.
Purchaser Profile Abstract:
There were 25 upper end sales in April compared to 38 in March. Our
buyers for real estate transactions in April were the Front Range demographic
at 45% of our market, 21% are "local" and 34% are out of state buyers
with 0% International.
Land Title New Development Summary: This (page 16) shows all
the new construction each month with 12 in April compared to 20 in March.
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)