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.
April 2018
Highlights
Market Analysis by Area for
April 2018: There
were a total of 207 transactions and $148,159,921 in monetary volume. The
average transaction price for all 18 reported areas, plus Deed
Restricted transactions, was $664,714, average residential price was
$706,131 and average residential PPSF was $471.
Year to
Date Market Analysis (4 months): Monetary volume in YTD 2018 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.
Market Analysis by Area for April 2018: There were a total of 207 transactions and
$148,159,921 in monetary volume. The average transaction price for all 18
reported areas, plus Deed Restricted transactions, was $664,714, average
residential price was $706,131 and average residential PPSF was $471.
Year to Date Market Analysis (4 months): Monetary volume in YTD 2018 totaled $411,688,149
with 632 transactions: $664,714 average transaction price, $710,047 average
residential price and average residential PPSF $461.
Market Snapshot for Years 2018 vs 2017: Average
Indicators for $: Single Family +1%, Multi- Family +11% and Vacant Land +15%.
Median Indicators for Single Family +8%, Multi- Family +10% and Vacant Land
+13%.
Market Analysis % Change 2018: Monetary volume ($148,159,921) in April 2018 was up
30% from April 2017. Transactions (207) were up 10% from April 2017. YTD 2018 monetary volume is up 3% from YTD
2017, and transactions are up 2%. YTD
2018 compared to YTD 2017.
Residential Cost Analysis: Residential
volume in April had 162 transactions with $114,393,221 gross volume. There were
26 properties that sold for $1M and above in April. The most active price
points were between $400K-$500K with 31 transactions. There were 49 Single
Family, 113 Multi-Family and 18 Vacant Land transactions.
Average Price History by Type 2018: Average price for residential Single Family:
$1,097,001, Multi- Family: $524,262 and Vacant Land: $371,553.
Comparative Historical Cost Analysis YTD 2018: There were 484 residential transactions and
$343,662,784 gross $ volume with 80 properties selling for $1M and
over-compared to 2017, there were 512 transactions and $352,089,998 gross $
volume, 95 properties at $1M and over.
In 2016, there were 459 transactions with $268,033,677 gross $ volume,
46 properties at $1M and over.
Top Lender Analysis April 2018: There were 486 loans in April, 64% (133) of the
loans were related to sales, there were 103 REFI's and 250 loans were timeshare
related. 36% 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 April in Breckenridge Southside Estates. The
highest priced transaction PPSF at $902 in Der Steiermark Condo in
Breckenridge.
Foreclosures: There were 12 Foreclosure
actions in April 2018, 10 were Timeshares and 2 were Fee Simple.
Purchaser Profile Abstract: There were
32 upper end sales in April. Our buyers for real estate transactions for 2018:
Front Range demographic at 42% of our market, 29% are "local" and 29%
are out of state buyers with 1% 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)
