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.
September 2018 Highlights
Market Analysis by
Area for September 2018: There were a total of 259 transactions and
$161,902,700 in monetary volume. The average transaction price for all 18
reported areas, plus Deed Restricted transactions, was $656,093, average
residential price was $724,882 and average residential PSF was $478.
Year to Date Market
Analysis (9 months): Monetary volume in YTD 2018 totaled $1,262,111,655
with 1866 transactions: $705,136 average transaction price, $739,194 average
residential price and average residential PSF $467.
Market Snapshot for
Years 2018 vs 2017: Average
Indicators for $: Single Family +3%, Multi- Family +9% and Vacant Land +14%.
Median Indicators for Single Family +6%, Multi- Family +8% and Vacant Land
+16%.
Market Analysis %
Change 2018: Monetary volume ($161,902,700) in September 2018 was up only
1% from September 2017. Transactions (259) were up 4% from September 2017. YTD 2018 monetary volume is up 11% from YTD
2017, and transactions are up 2% YTD 2018 compared to YTD 2017.
Residential Cost
Analysis: Residential volume in
September had 196 transactions with $142,076,900 gross volume. There were 38
properties that sold for $1M and above in September. The most active price
points were between $300K-$500K with 58 transactions. There were 78 Single
Family, 118 Multi-Family and 18 Vacant Land transactions.
Average Price History
by Type 2018: Average price for residential Single Family: $1,029,123,
Multi- Family: $523,774 and Vacant Land: $318,444.
Comparative
Historical Cost Analysis YTD 2018: There were 1469 residential transactions
and $1,085,876,278 gross $ volume with 272 properties selling for $1M and over.
Top Lender Analysis
September 2018: There were 552 loans in September, 74% of purchasers
closing with financing at the time of the sale, there were 82 REFI's and 278
loans were timeshare related. 26% of the real estate closings were cash
transactions.
Purchaser Profile
Abstract: There were 40 upper end
sales in September 2018 compared to 61 in August 2018. Our buyers for real estate
transactions for 2018: Front Range demographic at 41% of our market, 35% 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.
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)
