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June 2014 Highlights:
To view the full report please click here.
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)
Short Sale and Foreclosure Representative (SFR)
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Tuesday, July 29, 2014
June 2014 Market Analysis
Thursday, July 10, 2014
May 2014 Market Analysis
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.
May 2014 Highlights:
- Market
Analysis by Area for May: May was the perfect kick off to
strong summer selling season, with much more positive real estate
numbers in Summit County. There were 174 transactions with
$91,569.106 in gross monetary volume. The average transaction price
for all 18 reported areas at $521,390, average residential
price was $543,646 and the median residential price was
$402,500. The average residential PPSF was $320.
- YTD
Transaction Summary: There have been a total of
595 transactions with $304,419,906 monetary volume, the average
transaction price for all 18 reported areas is $512,455 the
average residential price is $527,591, the median residential price
is $403,000, the average PPSF is $321.
- Market
Snapshot for YTD 2014 vs. 2013: Values are as follows: Average
Indicators- Single Family +13%, Multi- Family +7% and Vacant Land
+16%. Median indicators: Single Family +12%, Multi- Family +7%
and Vacant Land +49%. These indicators translate
into stabilizing pricing in Summit County for 2014.
- Market
Analysis % Change showing years 2004-2014 YTD: May monetary
volume ($91,569,106) is up 13% from May 2013,
transaction volume (174) is up 10% from May 2013.
2014 YTD (5 months) monetary volume is up 6% from YTD
2013. YTD 2014 transaction volume is still down by only -2% down from
YTD 2013. Inventory is low in Summit County compared to years past,
you can see that YTD pricing is stronger with less transactions.
- Residential
Market Sales by Price Point: Residential volume in
May had 152 transactions with $82,634,206 gross
volume. There were 17 properties that sold for $1M and
above in May. The most active price point in May
hovered between $200K and $400K. There were 58 Single family,
94 Multi-family and 7 vacant land transactions in May.
- 2014 Average
Price History: Average residential pricing continues to be
highly consistent as of May - Single family increased
to $851,387, Multi- family is slightly down at $369,036 and
vacant land is $376,803.
- Historical
Cost Breakdown YTD 2014 : There have been 505
residential transactions YTD 2014 and $266,433,406 gross volume with
48 properties $1M - Compared to 2013 YTD, there were 491
transactions and $250,304,400 gross volume, 38 properties at
$1M and over and in 2012 YTD, there were 405 transactions with
$205,416,600 gross volume, 30 properties at $1M and over.
- Top
Lender Graph: There were 428 loans in May, 61% (106)
loans were related to sales and 39% (down from the past month) of the
sales were cash at closing. There were 111 REFI's and 211 loans
related to Timeshares.
- Market
Highlights: Please see page 10 of the Market Analysis-View
the higher priced purchases in May and only one bank sale.
- Foreclosures: Foreclosures
actions were up in May (mainly from timeshares) with 22 compared to 24
last May. There are a total of 72 Foreclosure actions YTD, with 50%
of those for timeshares.
- Land Title Purchaser Highlights (Page 15): There were 18 higher end sales in May to note- you can see the details on this report. In May, the majority of our buyers for real estate transactions continue to be the Front Range demographic at 44% of our market, only 24% are local and 31% are out of state buyers.
To view the full report please click here: http://www.ltgc.com/files/breckenridge-marketstats/SUMMITMAY2014.pdf
As always, please feel free to contact me anytime with questions, I look forward to hearing from you!
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)
Short Sale and Foreclosure Representative (SFR)
Friday, June 6, 2014
April 2014 Market Analysis
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 2014 Highlights:
·
Market Analysis
by Area for April: There were
117 transactions with $59,517,300 in gross monetary volume.
The average transaction price for all 18 reported areas
at $508,695, average residential price was $552,308 and
the median residential price was $447,500. The average residential
PPSF was $327. Median averages continue to increase each month in
2014.
·
YTD Transaction
Summary: There have been a total of 421
transactions with $212,850,800 monetary volume, the average transaction
price for all 18 reported areas is $508,770, the average residential
price is $520,678, the median residential price is $405,000 and the average
PPSF is $321 YTD.
·
Market Snapshot
for 2014 vs. 2013: Values
are as follows: Average Indicators- Single Family +13%, Multi-
Family +9% and Vacant Land +18%. Median indicators: Single
Family +7%, Multi- Family +34% and Vacant Land +49%. These indicators
translate into escalating pricing in Summit County for 2014.
·
Market Analysis
% Change showing years 2004-2014 YTD: April monetary volume
($59,517,300) is down 7% from April 2013, transaction volume is
down -13% from April 2013. 2014 YTD
(4 months) monetary volume is up 4% from YTD 2013. YTD 2014
transaction volume is down -7% down from YTD 2013. Inventory is low
in Summit County compared to years past, you can see that YTD pricing is
stronger with less transactions.
·
Residential
Market Sales by Price Point: Residential
volume in April had 99 transactions with $54,678,500 gross
volume. There were 11 properties that sold for $1M and
above in April. The most active price point in April stayed
in $400K -$500K range which is higher than years and months past. April
had 34 Single family, 65 Multi-family and 6 vacant land
transactions.
·
2014 Average
Price History: Average residential pricing
continues to be highly consistent as of April - Single family
increased to $846,385, Multi- family is $377,100 and vacant
land is $382,707.
·
Historical Cost
Breakdown YTD 2014 : There
have been 353 residential transactions YTD 2014 and
$183,799,2003 gross volume with 31 properties $1M - Compared
to 2013 YTD, there were 357 transactions and $176,280,200 gross
volume, 26 properties at $1M and over and in 2012 YTD, there were 297
transactions with $154,769,600 gross volume, 26 properties at $1M and
over.
·
Top Lender
Graph: There were 475 loans in April, 52%
(61) loans were related to sales and 48% of the sales were cash at closing.
There were 76 REFI's and 338 loans related to Timeshares.
·
Market
Highlights: Please see page 10 of the
Market Analysis-View the higher priced purchases in April and another month
with no bank sales.
·
Bank Sales and
Foreclosures: Foreclosures
continue to decline with 8 actions filed in April versus 24 in April
2013
·
Land Title
Purchaser Highlights (Page 15): There were 12 higher end sales in April to note- you can see
the details on this report. In April, the majority of our
buyers for real estate transactions continue to be the Front Range demographic
at 37% of our market, only 22% are local and 38% are out of state
buyers.
As always, please feel free to call or email 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)
Short Sale and Foreclosure Representative (SFR)
Monday, May 5, 2014
March 2014 Market Analysis
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.
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March 2014 Highlights:
·
Market Analysis by Area for March: March was a good month-There were
119 transactions with $60,774,200 in gross monetary volume. The average transaction
price for all 18 reported areas at $517,467, average residential
price was $531,078 and the median residential price was $417,500.
The average residential PPSF was $335. Averages continue to increase each
month in 2014.
·
YTD Transaction Summary: There have been a total
of 304 transactions with $153,333,500 monetary volume, the average
transaction price for all 18 reported areas is $508,799, the
average residential price is $508,349, the median residential price is
$400,750, the average PPSF is $319 YTD. We are showing price
stabilization across the board in Summit County this year.
·
Market Snapshot for 2014 vs. 2013:
Values
are as follows: Average Indicators- Single Family +12%, Multi-
Family +7% and Vacant Land 28%. Median indicators: Single
Family +11%, Multi- Family +4% and Vacant Land +55%. These indicators
translate into escalating pricing in Summit County for 2014.
·
Market Analysis % Change showing years
2004-2014 YTD: March monetary volume
($60,774,200) is up 30% from March 2013,
transaction volume is +1% up from March 2013. 2014 YTD (3
months) monetary volume is up 9% from YTD 2013. YTD 2014 transaction
volume is down -4% down from YTD 2013. March numbers indicate the
best increases since March 2008.
·
Residential Market Sales by Price Point: Residential volume in
March had 104 transactions with $55,232,100 gross
volume. There were 9 properties that sold for $1M and
above in March. The most active price point in
March changed for the first time in quite a while- between $400K
-$500K. March had 27 Single family, 77 Multi-family and
7 vacant land transactions.
·
2014 Average Price History: Average residential
pricing continues to be highly consistent as of March - Single
family increased to $844,781, Multi- family is $370,038 and vacant
land is $414,465.
·
Historical Cost Breakdown YTD 2014: There have been
254 residential transactions YTD 2014 and $129,120,700 gross
volume with 20 properties $1M - Compared to 2013 YTD, there were
239 transactions and $116,142,700 gross volume,
16 properties at $1M and over and in 2012 YTD, there were
205 transactions with $109,278,500 gross volume, 19 properties
at $1M and over.
·
Top Lender Graph: There were 411 loans
in March, 51% (61) loans were related to sales and 49% of the sales were cash
at closing. There were 91 REFI's and 259 loans related to
Timeshares.
·
Market Highlights: Please see page 10
of the Market Analysis-View the higher priced purchases in March and
no bank sales in March 2014.
·
Bank Sales and Foreclosures: Foreclosures continue to
decrease with 8 actions filed, with 7 of those Fee Simple.
·
Land Title Purchaser Highlights (Page 15): There were 9 higher
end sales in March to note- you can see the details on this report.
In March, the majority of our second homeowners for real
estate transactions continue to be the Front Range demographic at 50% of our
market, only 17% are local and 33% are out of state buyers.
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)
Short Sale and Foreclosure Representative (SFR)
Sunday, March 30, 2014
February 2014 Market Report
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 Summit County
February 2014
Highlights:
·
Market Analysis by Area for February: .The Summit County
·
YTD Transaction Summary: There have been a total of 185
transactions with $92,559,300 monetary volume, the average transaction price
for all 18 reported areas is $503,257, the average residential price
is $492,591, the median residential price is $382,500 the average PPSF is
$308 YTD.
·
Market Snapshot for 2014 vs. 2013: Values are as follows: Average
Indicators- Single Family +8%, Multi- Family 0% ( flat) and Vacant Land Vacant Land Summit County
·
Market Analysis % Change showing years 2004-2014 YTD: February monetary volume
($40,404,200) is flat -1% from February 2013. Transactions (83) were
down 10% from February 2013. YTD ( 2 months), monetary volume is -2%
down and -8% down with transactions from YTD 2013 ( 2 months)
·
Residential Market Sales by Price Point: Residential volume in February had
67 transactions with $34,900,100 gross volume. There were
4 properties that sold for $1M and above in February. The most
active price points in February continue to be between $200K
-$300K. February had 21 Single family,
46 Multi-family and 9 vacant land transactions.
·
2014 Average Price History: Average residential pricing
continues to be highly consistent as of February - Single family
increased to $813,462, Multi- family is $346,174 and Vacant
land is $370,031
·
Historical Cost Breakdown YTD 2014 : There have
been 150 residential transactions YTD 2014 and
$73,888,600 gross volume with 11 properties $1M - Compared
to 2013 YTD, there were 153 transactions and $80,367,800 gross
volume, 16 properties at $1M and over and in 2012 YTD, there
were 139 transactions with $75,454,500 gross volume, 13 properties
at $1M and over.
·
Top Lender Graph: There were 372 loans in February, 51%
(42) loans were related to sales and 49% of the sales were cash at closing.
There were 104 REFI's and 226 loans related to Timeshares.
·
Market Highlights: Please see page 10 of the Market
Analysis-View the higher priced purchases in February and 1 bank
sale from February 2014.
·
Bank Sales and Foreclosures: Foreclosures continue to decrease with
11 actions filed compared to 27 in February 2013. Note the one Bank Sale looks
unique on paper as it is a vacant site sale for $950,000 in Shadow Creek
Ranch.
·
Land Title Purchaser Highlights (Page 15): There were 4 higher end sales in
February to note- you can see the details on this report. In
February, the majority of our second homeowners for real estate
transactions continue to be the Front Range
demographic at 51% of our market, only 11% are local and 37% are out
of state buyers.
As always, please feel free to call or email 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)
Short Sale and Foreclosure Representative (SFR)
Saturday, March 8, 2014
January 2014 Market Analysis
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.
"Your Guide to Summit County Real Estate."
January 2014
Highlights:
·
Market
Analysis by Area for January: The first month of 2014 was decent and very
comparable to January 2013 with $52,155,100 in gross sales and 102
transactions. The average transaction price for all 18 reported areas
at $514,524, average residential price was $469,741 and
the median residential price was $380,000. The average residential
PPSF was $302. Frisco had a very high end commercial sale ( Best Western)
that closed in January.
·
Market
Snapshot for 2014 vs. 2013: Values are as follows: Single Family -2%, Multi- Family +1% and
Vacant Land -15% for the Average, and Median indicators: Single Family +17%,
Multi- Family -8% and Vacant Land +35%. We are only comparing
one month to the full year of 2013 at this time.
·
Market
Analysis % Change showing years 2004-2014 YTD: January monetary volume ($52,155,100) was
down 2% from January 2013. Transactions (102) were down 6%
from January 2013.
·
Residential
Market Sales by Price Point: Residential volume in January had 83 transactions with
$38,988,500 gross volume. There were 7 properties that sold for
$1M and above in January. The most active price points in January
continue to be between $200K -$300K. January had 26 Single
family, 57 Multi-family and 7 vacant land transactions.
·
2014 Average
Price History: Average
residential pricing continues to be consistent as of January - Single
family is $736,719, Multi- family is $347,961 and Vacant
Land is $276,643.
·
Historical
Cost Breakdown YTD 2014 : Again-there were 83 residential transactions YTD
2014 and $38,988,500 gross volume with 7 properties $1M - Compared
to 2013, there were 89 transactions and $48,299,200 gross
volume, 10 properties at $1M and over and in 2012, there
were 79 transactions with $37,827,700 gross volume, 7 properties
at $1M and over.
·
Top
Lender Graph: There
were 627 loans in January, 48% (49) loans were related to sales and 52% of the
sales were cash at closing. There were 105 REFI's and 473 loans related to
Timeshares.
·
Market
Highlights: Please see page
10 of the Market Analysis-View the higher priced purchases in January and
bank sales (3) from January 2014.
·
Bank
Sales and Foreclosures: There were a total of 23 Foreclosure actions in
January 2014, which is the exact number as last January 2013. 13 of
January's actions were Timeshares and 10 were Fee Simple properties.
·
Land
Title Purchaser Highlights ( Page 15): There were 9 higher end sales in January- you
can see the details on this report, including the Best Western sale in Frisco.
In January, the majority of our second homeowners for real estate
transactions continue to be the Front Range demographic at 48% of our
market, only 22% are local and 30% are out of state buyers YTD.
As always, please feel free to call or email 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)
Short Sale and Foreclosure Representative (SFR)
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