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.
March
2018 Highlights
Market Analysis by Area for
March 2018: There were a
total of 140 transactions and $86,558,600 in monetary volume.
The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $634,408, average residential price was
$697,578 and average residential PPSF was $453.
Year to Date
Market Analysis (3 months): Monetary volume
in YTD 2018 totaled $263,528,228 with 425 transactions: $640,232
average transaction price, $712,017 average
residential price and average residential PPSF $456.
Market
Snapshot for Years 2018 vs 2017: Average
Indicators for $: Single Family -2%, Multi- Family +13% and Vacant
Land +7%. Median Indicators for Single Family +6%, Multi- Family
+12% and Vacant Land -3%.
Market
Analysis % Change 2018: Monetary volume
($86,558,600) in March 2018 was down 30% from
March 2017. Transactions (140) were down 21% from March 2017.
YTD 2018 monetary volume is down 8% from YTD 2017, and transactions are
down 2% YTD 2018 compared to YTD 2017.
Residential
Cost Analysis: Residential
volume in March had 106 transactions with $73,943,300 gross
volume. There were 19 properties that sold for $1M and above in
March. The most active price points were between $400K-$600K with
26 transactions. There were 42 Single Family, 64 Multi-Family and
16 Vacant Land transactions.
Average Price
History by Type 2018: Average
price for residential Single Family: $938,840, Multi- Family:
$539,250 and Vacant Land: $431,800.
Comparative
Historical Cost Analysis YTD 2018: There
were 322 residential transactions and $229,269,563 gross
$ volume with 54 properties selling for $1M and over-compared
to 2017, there were 350 transactions and $245,609,560 gross $
volume, 70 properties at $1M and over. In 2016, there were 323
transactions with $189,216,250 gross $ volume, 32 properties at $1M
and over.
Top Lender
Analysis March 2018: There were
435 loans in March, 70% (98) of the loans were related to sales, there were 97
REFI's and 240 loans were timeshare related. 30% of the real estate
closings were cash transactions.
Market
Highlights: Please
see page 11 of the Market Analysis- You can note the higher priced
sale in March in Water Dance Subdivision in Frisco. The highest
priced transaction PPSF at $881 in Mountain Thunder Lodge in
Breckenridge.
Foreclosures: There were 4 Foreclosure
actions in March 2018 compared to 7 Foreclosure actions in March 2017. The
total YTD for the 1st quarter 2017 is 19.
Purchaser
Profile Abstract: There
were 20 upper end sales in March. Our buyers for real estate transactions for
2018: Front Range demographic at 39% of our market, 36% are
"local" and 24% are out of state buyers with
1% 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 13 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)
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