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 2017 Market
Highlights
Market Analysis by
Area for June 2017: There were 234 transactions and $136,189,679 in
monetary volume. Some trends for all 18 reported areas in June: $595,498
Average transaction price, $646,569 Average residential price and $440-PPSF.
Year to Date Market
Analysis (6 months): Monetary volume in 2017 totaled $663,192,591 with 1052
transactions. $648,150- Average transaction price, $680,911-Average residential
price and $428-PPSF.
Market Snapshot for
Years 2017 vs 2016: Average
Indicators for $: Single Family +19%, Multi- Family +13% and Vacant Land -1%.
Median Indicators for $: Single Family +22%, Multi- Family +11% and Vacant Land
0%.
Market Analysis %
Change YTD 2017: Monetary volume ($136,189,679) in June 2017 was 20% higher
than June 2016. Transactions (234) were up 6% to June 2016. YTD 2017, monetary volume is up by 24% and
transactions are up 10% compared to YTD 2016.
Residential Market
Sales by Price Point: Residential volume in June had 193 transactions with
$124,787,750 gross volume. There were 17 properties that sold for $1M and above
in June. The most active price points were between $300K-400K with 40
transactions. There were 68 Single Family, 125 Multi-Family and 12 Vacant Land
transactions in June.
Average Price History
by Type 2017: Average price for residential Single Family: $1,110,125,
Multi- Family: $461,089 and Vacant Land: $349,402.
Comparative
Historical Cost Analysis 2017 YTD: There were 871 residential transactions
and $593,073,903 gross $ volume with 144 properties selling for a $1M and
over-compared to 2016, there were 816 transactions and $467,856,447 gross $
volume, 132 properties at $1M and over.
In 2015, there were 797 transactions with $429,609,700 gross $ volume,
72 properties at $1M and over.
Top Lender Graph:
There were 462 loans in June, 67% (234) of the loans were related to sales,
there were 122 REFI's and 183 loans were timeshare related. 33% 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 June in the Estates at Snowy Point area. A Frisco home topped out the highest
PPSF at $1,619. There were no bank sales in June.
Foreclosures:
Actions were up with 4 in June 2017 compared to 3 in June 2016.
Purchaser Profile
Abstract: There were 19 upper end
sales in June compared to 35 in May. Our buyers for real estate transactions in
June were approximately Front Range demographic at 38% of our market, 30% are
"local" and 32% are out of state buyers with not even 1%
International.
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)
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