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.
November 2017 Market Highlights
Market Analysis by
Area for November 2017: There were a total of 230 transactions and
$151,871,354 in monetary volume. The average transaction price for all 18
reported areas, plus Deed Restricted transactions, was $663,600, average
residential price was $694,513 and average residential PPSF was $451.
Year to Date Market
Analysis (11 months): Monetary volume in YTD 2017 totaled $1,506,142,622
with 2377 transactions: $646,352 average transaction price, $679,530 average
residential price and average residential PPSF $430.
Market Snapshot for
Years 2017 vs 2016: Average
Indicators for $: Single Family +16%, Multi- Family +15% and Vacant Land -5%.
Median Indicators for Single Family +17%, Multi- Family +16% and Vacant Land
-9%.
Market Analysis %
Change YTD 2017: Monetary volume ($151,871,354) in November 2017 was down
18% from November 2016. Transactions (230) also down 14% from November
2016. YTD 2017, monetary volume is up by
17% and transactions are up 4% compared to YTD 2016.
Residential Market
Sales by Price Point: Residential volume in November had 200 transactions
with $138,902,688 gross volume. There were 24 properties that sold for $1M and
above in November. The most active price points were between $300K-$400K with
37 transactions. There were 64 Single Family, 136 Multi-Family and 17 Vacant
Land transactions in November.
Average Price History
by Type 2017: Average price for residential Single Family: $1,084,991,
Multi- Family: $470,841 and Vacant Land: $335,949.
Comparative
Historical Cost Analysis 2017 YTD: There were 2,010 residential transactions
and $1,365,855,333 gross $ volume with 311 properties selling for $1M and
over-compared to 2016, there were 1,921 transactions and $1,098,827,441 gross $
volume, 203 properties at $1M and over.
In 2015, there were 1,870 transactions with $1,027,115,318 gross $
volume, 182 properties at $1M and over.
Top Lender Graph:
There were 458 loans in November, 68% (157) of the loans were related to sales,
there were 149 REFI's and 152 loans were timeshare related. 32% 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 November on French Street in Breckenridge. Also, a Crystal Peak Lodge
property was the highest PPSF at $904. There were no bank sales in November.
Foreclosures:
Actions were down with 2 in November, compared to 6 in November 2016. There
have been a total of 43 Foreclosure actions YTD.
Purchaser Profile
Abstract: There were 27 upper end
sales in November. Our buyers for real estate transactions in November were
Front Range demographic at 43% of our market, 29% are "local" and 28%
are out of state buyers with 0% International.
Land Title New
Development Summary: This (page 16) shows all the new construction each
month, there were 22 in November compared to 33 in October.
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)
