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.
February 2019 Highlights
Market Analysis by
Area for February 2019: There were a total of 132 transactions and
$104,726,584 in monetary volume. The average transaction price for all 18
reported areas, plus Deed Restricted transactions, was $834,700, average
residential price was $838,146 and average residential PSF was $486.
Market Analysis by
Area YTD 2019 2 Months: There was a total of $218,416,884 with 270
transactions. The average transaction price was $840,193, the average
residential price was $815,784 and the average PPSF was $472.
Market Snapshot for
Years 2019 vs 2018: Average
Indicators for $: Single Family +17%, Multi- Family -1% and Vacant Land +1%.
Median Indicators for Single Family +7%, Multi- Family -5% and Vacant Land
+34%.
Market Analysis %
Change 2019: Monetary volume ($104,726,584) in February 2019 was up 17%
from February 2018. Transactions (132) were down 5% in from February 2018.
Residential Cost
Analysis: Residential volume in
February had 102 transactions with $85,490,919 gross volume. There were 25
properties that sold for $1M and above in February The most active price points were between
$300K-$500K with 29 transactions. There were 36 Single Family, 66 Multi-Family
and 6 Vacant Land transactions.
Average Price History
by Type- February 2019: Average price for residential Single Family:
$1,451,047, Multi- Family: $503,837 and Vacant Land: $373,900.
Comparative
Historical Cost Analysis Comparison 2019-2018 YTD: YTD 2019, there were 212
residential transactions and $172,946,219 gross $ volume with 48 properties
selling for over $1M. YTD 2018, there were 216 transactions with $155,326,263 gross
$ volume with 35 properties selling for over $1M. YTD 2017, there were 213
transactions with $143,343,260 with 34 properties selling for over $1M.
Top Lender Analysis
February 2019: There were 417 loans in February. 70% of purchasers closing
with financing at the time of the sale, there were 83 REFI's and 241 loans were
timeshare related. 30% of the real estate closings were cash transactions.
Market Highlights: Please see page 11 of the Market Analysis-
Note the higher priced sale in February 2019 in the Highland's area in
Breckenridge at $3,995,000. The top priced PSF was in the Water House condos in
Breckenridge at $975.
Foreclosures: There were 2 Foreclosure actions taken in
February 2019 compared to 6 in February 2018.
Purchaser Profile
Abstract: There were 30 upper end sales in February 2019 same as January
2019. Our buyers for real estate
transactions for February 2019: Front Range demographic at 54% of our market,
23% are "local" and 22% are out of state buyers with 1%
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 15 in February.
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)