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.
January 2019 Highlights
Market Analysis by
Area for January 2019: There were a total of 138 transactions and
$113,690,300 in monetary volume. The average transaction price for all 18
reported areas, plus Deed Restricted transactions, was $845,308, average
residential price was $795,048 and average residential PSF was $460.
Market Snapshot for
Years 2019 vs 2018: Average
Indicators for $: Single Family +9%, Multi- Family +1% and Vacant Land +1%.
Median Indicators for Single Family +3%, Multi- Family -4% and Vacant Land
+38%.
Market Analysis %
Change 2019: Monetary volume
($113,690,300) in January 2019 was up 30% from January 2018. Transactions (138)
were down 5% from January 2018.
Residential Cost
Analysis: Residential volume in
January had 110 transactions with $87,455,300 gross volume. There were 17
properties that sold for $1M and above in January. The most active price points were between
$300K-$400K with 17 transactions. There were 41 Single Family, 69 Multi-Family
and 9 Vacant Land transactions.
Average Price History
by Type January 2019: Average price for residential Single Family:
$1,240,937, Multi- Family: $530,100 and Vacant Land: $369,178.
Comparative
Historical Cost Analysis Comparison 2018-2017: In January 2018, there were 104 residential
transactions and $75,801,063 gross $ volume with 17 properties selling for over
$1M. In January 2017, there were 113 transactions with $79,082,360 gross $
volume with 23 properties selling for over $1M.
Top Lender Analysis
January 2019: There were 423 loans in January. 65% of purchasers closing
with financing at the time of the sale, there were 109 REFI's and 228 loans
were timeshare related. 35% of the real estate closings were cash transactions.
New this year, note the Lender Summary and Lender Chart show Purchase Loan
numbers.
Foreclosures: There were 7 Foreclosure actions taken in
January 2019 compared to 9 in January 2018.
Purchaser Profile
Abstract: There were 30 upper end
sales in January 2019 compared to 39 in December 2018. Our buyers for real
estate transactions for January 2019: Front Range demographic at 46% of our
market, 28% are "local" and 27% are out of state buyers with 0%
International. Please note 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 11 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)
