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 2018 Highlights
Market Analysis by
Area for January 2018: There were a total of 146 transactions and
$87,565,946 in monetary volume. The average transaction price for all 18
reported areas, plus Deed Restricted transactions, was $618,484, average
residential price was $728,868 and average residential PPSF was $451.
Market Snapshot for
Years 2018 vs 2017: Average
Indicators for $: Single Family +10%, Multi- Family +5% and Vacant Land -12%.
Median Indicators for Single Family +12%, Multi- Family +6% and Vacant Land
-14%.
Market Analysis %
Change 2018: Monetary volume ($87,565,946) in January 2018 was down 5% from
January 2017. Transactions (146) were up 6% from January 2017.
Residential Market
Sales by Price Point: Residential volume in January had 104 transactions
with $75,801,063 gross volume. There were 17 properties that sold for $1M and
above in January. The most active price points were between $300K-$400K with 19
transactions. There were 34 Single Family, 70 Multi-Family and 24 Vacant Land
transactions.
Average Price History
by Type 2018: Average price for residential Single Family: $1,201,784,
Multi- Family: $499,149 and Vacant Land: $285,850.
Comparative
Historical Cost Analysis 2018: There were again 104 residential
transactions and $75,801,063 gross $ volume with 17 properties selling for $1M
and over-compared to 2017, there were 113 transactions and $79,082,360 gross $
volume, 23 properties at $1M and over.
In 2016, there were 104 transactions with $55,534,150 gross $ volume, 9
properties at $1M and over.
Top Lender Analysis
January 2018: There were 397 loans in January, 54% (146) of the loans were
related to sales, there were 106 REFI's and 212 loans were timeshare related.
46% of the real estate closings were cash transactions (a big increase of cash
transactions from previous months).
Market Highlights:
Please see page 11 of the Market Analysis- You can note the higher priced sale
in January in Boulder Ridge Sub, Breckenridge. Also, a Der Steiermark in Breckenridge
studio was the highest PPSF at $800. There were no bank sales in January.
Foreclosures: January had 9 actions, compared to 2 in
January 2017. 6 of those 9 actions were fractional ownership.
Purchaser Profile
Abstract: There were 20 upper end sales in January. Our buyers for real
estate transactions for 2018: Front Range demographic at 46% of our market, 31%
are "local" and 23% are out of state buyers with 0% International.
Please note a new page 17 comparing demographics of our buyers through 2013.
Land Title New
Development Summary: This (page 18) shows all the new construction each
month, there were 22 in January.
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)
