May 2016 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.

May 2016 Highlights

Market Analysis by Area for May 2016: May was good month for real estate with 197 transactions and $114,889,906 in monetary volume. Average transaction price for all 18 reported areas: $589,646 Average residential price, $549,977 average residential and PPSF at $377.

Year to Date Market Analysis (5 months): Monetary volume was $420,473,783 with 738 transactions. Average transaction price: $577,710, Average residential price: $574,769 and PPSF: $366.

Market Snapshot for Years 2016 vs 2015:  Average Indicators for $: Single Family +9%, Multi- Family -1% and Vacant Land +3%. Median Indicators for $: Single Family +6%, Multi- Family +3% and Vacant Land +6%. 

Market Analysis % Change YTD 2016 Data (5 months): Monetary volume ($114.889,906) in May was down -1% compared to May 2015. Number of transactions (197) was down -4% in May compared to  May 2015. YTD 2016, monetary volume is up 3% and transactions are flat compared to YTD 2016. There is still a shortage of inventory in Summit County.

Residential Market Sales by Price Point: Residential volume in May had 170 transactions with $93,496,106 gross volume. There were 15 properties that sold for $1M and above in May. The most active price points were between the $200K-$400K range this month. There were 52 Single Family, 118 Multi-Family and 10 Vacant Land transactions in May.

Comparative Historical Cost Analysis (5 months): There were 629 residential transactions and $361,529,783 volume with 61 properties selling for a $1M and over-compared to 2015, there were 596 transactions and $326,488,500 gross volume, 55 properties at $1M and over and in 2014, there were 505 transactions with $266,433,406 gross volume, 48 properties at $1M and over.

Average Price History by Type (5 months): Average price for residential Single Family: $934,437, Mulit- Family: $397,071 and Vacant Land: $382,140.

Top Lender Graph: There were 469 loans in May, 66% of the loans were related to sales, there were 149 REFI's and 190 loans were timeshare related. 34% of the real estate closings were cash transactions.

Market Highlights: Please see page 10 of the Market Analysis-Higher priced sale in May (Four O'Clock Subdivision). There were no bank sales in May.

Foreclosures: There were 3 foreclosure actions in May 2016 compared to 4 in May 2015. 

Purchaser Profile Abstract:  Upper end purchasers totaled 21 in May. Our buyers for real estate transactions were the Front Range demographic at 27% of our market, 38% are "local" and 34% are out of state buyers, with 1% International.

Click Here to View The Full Report

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    

Web: www.tylermacguire.com

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)

Short Sale and Foreclosure Representative (SFR)

April 2016 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 2016 Highlights

Market Analysis by Area for April 2016:  April was another consistent month for real estate with 155 transactions and $89,007,327 in monetary volume. Average transaction price for all 18 reported areas: $580,244 Average residential price, $579,540 average residential and PPSF at $358, all down a bit from March 2016. 

Year to Date Market Analysis (4 months): So far, monetary volume is $305,583,877 with 541 transactions. Average transaction price: $573,353, Average residential price: $583,951 and PPSF: $362.

Market Snapshot for Years 2016 vs 2015: Pricing fluctuates a bit in April with the Average Indicators for $: Single Family +11%, Multi- Family -1% and Vacant Land -7%. Median Indicators for $: Single Family +6%, Multi- Family +0% and Vacant Land +6%.  

Market Analysis % Change YTD 2016 Data (4 months): Monetary volume ($89,007,327) in April was down -4% compared to April 2015. Number of transactions (155) was flat at +1% in April compared to April 2015. YTD 2016, monetary volume is up 5% and transactions fairly flat at +1% compared to YTD 2016. Once again, I believe this is due to lack of inventory in Summit County.

Residential Market Sales by Price Point: Residential volume in April had 136 transactions with $78,817,427 gross volume. There were 13 properties that sold for $1M and above in April. The most active price points (31) were between the $200K-$300K range this month. There were 46 Single Family, 90 Multi-Family and 9 Vacant Land transactions in April. 

Comparative Historical Cost Analysis (4 months): There were 459 residential transactions and $268,033,677 volume with 46 properties selling for a $1M and over-compared to 2015, there were 423 transactions and $232,945,600 gross volume, 43 properties at $1M and over and in 2014, there were 353 transactions with $183,799,200 gross volume, 31 properties at $1M and over. 

Average Price History by Type (4 months): Average price for residential Single Family: $951,609, Mulit- Family: $394,663 and Vacant Land: $345,903.

Top Lender Graph: There were 419 loans in April, 65% of the loans were related to sales, there were 137 REFI's and 182 loans were timeshare related. 35% of the real estate closings were cash transactions. 

Market Highlights: Please see page 10 of the Market Analysis-Higher priced sale in April (Timber Trail). There was only one bank sale in April, compared to 2 this past March.

Foreclosures: There were 4 foreclosure actions in April 2016 compared to 5 in April 2015. .

Purchaser Profile Abstract:  Upper end purchasers totaled 16 in April same as March. Our buyers for real estate transactions were the Front Range demographic at 34% of our market, 31% are local ( side note: which in part are  "retires" coming to Summit County) and 35% are out of state buyers, with 0% International. 

The full report can be viewed here: Land Title Guarantee Company April 2016 Market Analysis

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    

Web: www.tylermacguire.com

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)

Short Sale and Foreclosure Representative (SFR)

March 2016 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.

March 2016 Highlights

Market Analysis by Area for March 2016:  March was a decent month for real estate with 136 transactions and $86,347,800 monetary volume. Average transaction price for all 18 reported areas: $644,739: Average residential price: $654,964: Average residential PPSF $376, all up from February 2016.

Year to Date Market Analysis (3 months): So far, monetary volume is $216,576,550 with 386 transactions. Average transaction price: $570,526: Average residential price: $585,809 and PPSF: $365.

Market Snapshot for Years 2016 vs 2015: Pricing is holding steady: Average Indicators for $: Single Family +9%, Multi- Family +2% and Vacant Land -10%. Median Indicators for $: Single Family +6%, Multi- Family +2% and Vacant Land +8%. 

Market Analysis % Change YTD 2016 Data (3 months): Monetary volume ($86,347,800) in March was up 4% compared to March 2015. Number of transactions (136) was down 9% in March compared to March 2015. YTD 2016, monetary volume is up 8% and transactions fairly flat at +1% compared to YTD 2016. I believe this is due to lack of inventory.

Residential Market Sales by Price Point: Residential volume in March had 114 transactions with $74,665,900 gross volume. There were 14 properties that sold for $1M and above in March. The most active price points (24) were between the $200K-$300K range this month. There were 42 Single Family, 72 Multi-Family and 9 Vacant Land transactions in March. 

Comparative Historical Cost Analysis (3 months): There were 323 residential transactions and $189,216,250 volume with 60 properties selling for a $1M and over-compared to 2015, there were 298 transactions and $159,956,800 gross volume, 46 properties at $1M and over and in 2014, there were 254 transactions with $129,120,700 gross volume, 20 properties at $1M and over.

Average Price History by Type (3 months): Average price for residential Single Family: $932,256, Mulit- Family: $406,892 and Vacant Land: $336,790.

Top Lender Graph: There were 479 loans in March, 64% of the loans were related to sales, there were 134 REFI's and 258 loans were timeshare related. 36% of the real estate closings were cash transactions.

Market Highlights: Please see page 10 of the Market Analysis-Higher priced sale in March (Shock Hill). There were two bank sales in March.

Foreclosures: There were 12 YTD in 2016 with 3 in March, way down from 10 in March 2015 alone.

Purchaser Profile Abstract:  Upper end purchasers totaled 16 in March compared to 10 in February. Our buyers for real estate transactions were the Front Range demographic at 40% of our market, 32% are local (side note: which in part are  "retires" coming to Summit County) and 29% are out of state buyers, with 0% International.

The full report can be viewed here: http://www.ltgc.com/files/breckenridge-marketstats/SUMMITMARCH2016.pdf

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    

Web: www.tylermacguire.com

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)

Short Sale and Foreclosure Representative (SFR)

February 2016 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.

February 2016 Highlights

Market Analysis by Area for February 2016:  February was a great 2nd month for 2016 with 126 transactions and $66,997,100 monetary volume. Average transaction price for all 18 reported areas: $545,103: Average residential price: $562,059: Average residential PPSF $362,all up from January 2016.

Year to Date Market Analysis (2 months): So far, monetary volume is $130,228,750 with 250 transactions. Average transaction price: $529,399: Average residential price: $548,088 and PPSF: $359

Market Snapshot for Years 2016 vs 2015: Pricing was fairly flat in February except for Vacant Land: Average Indicators for $: Single Family -1%, Multi- Family +1% and Vacant Land -8%. Median Indicators for $: Single Family -1%, Multi- Family +3% and Vacant Land +34%. 

Market Analysis % Change YTD 2016 Data (2 months): Monetary volume ($66,997.100) in February was up 33% compared to February 2015. Number of transactions (126) were up 19% in February compared to February 2015. YTD 2016, monetary volume is up 11% and transactions are up 7% compared to YTD 2016.

Residential Market Sales by Price Point: Residential volume in February had 105 transactions with $59,016,200 gross volume. There were 10 properties that sold for $1M and above in February.  The most active price points (18) were between the $500K-$600K range this month ( up from past months). There were 40 Single Family, 65 Multi-Family and 5 Vacant Land transactions in February. 

 

Comparative Historical Cost Analysis (2 months): There were 209 residential transactions  and $114,550,350 volume with 19 properties selling for a $1M and over-compared to 2015, there were 187 transactions and $99,488,300 gross volume, 15 properties at $1M and over and in 2014, there were 150 transactions with $73,888,600 gross volume, 11 properties at $1M and over.

Average Price History by Type (2 months): Average price for residential Single Family: $848,954, Mulit- Family: $402,989 and Vacant Land: $343,967. This graph is a wonderful marketing piece to share showing the price stability in Summit County over the years.

Top Lender Graph: There were 493 loans in February, 67% of the loans were related to sales, there were 125 REFI's and 284 loans were timeshare related. 33% of the real estate closings were cash transactions.

Market Highlights: Please see page 10 of the Market Analysis-Higher priced sale in February (Shock Hill Landing). There was one bank sale in February.

Foreclosures: There were 5 Foreclosure actions in February 2016 compared to one in February 2015.

Purchaser Profile Abstract (Page 14): There were 10 higher end sales in February. You can see the details on this report. Our buyers for real estate transactions were the Front Range demographic at 37% of our market, 31% are local (side note: which in part are  "retires" coming to Summit County) and 32% are out of state buyers, with 1% International.

Click Here to View the Full Report

As always, please feel free to contact me anytime at the information below.  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    

Web: www.tylermacguire.com

Blog: www.tylermacguire.blogspot.com

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)

Short Sale and Foreclosure Representative (SFR)

January 2016 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.

January 2016 Highlights

Market Analysis by Area for January 2016: The start of 2016 kicked off with 124 transactions and $63,231,650 monetary volume. As many of us know, January is a slower month for real estate movement in the mountains. Average transaction price for all 18 reported areas: $514,210: Average residential price: $533,982: Average residential PPSF $355. New this year, you will see a line item for Deed Restricted Units on this report.

Market Snapshot for Years 2016 vs 2015: Prices look good compared to full year 2015 and are as follows: Average Indicators for $: Single Family +3%, Multi- Family +2% and Vacant Land -16%. Median Indicators for $: Single Family -3%, Multi- Family +9% and Vacant Land +6%. 

Market Analysis % Change YTD 2016 Data (1 month): Monetary volume ($63,231,650) in January was down -5% compared to January 2015. Number of transactions (124) were down -2% in January compared to January 2015. Currently, inventory is extremely low in Summit County.

Residential Market Sales by Price Point: Residential volume in January had 104 transactions with $55,534,150 gross volume. There were 9 properties that sold for $1M and above in January.  The most active price points were between the $200K-$400K range this month. There were 28 Single family, 76 Multi-family and 7 Vacant land transactions in January. 

Full Year 2015 Average Price History: Average residential pricing is consistent starting off 2016- Single Family: $877,732, Multi- Family:$407,338 and Vacant Land was $311,943.

Comparative Historical Cost Analysis: There were again 104 residential transactions  and $55,534,150 volume with 9 properties selling for a $1M and over-compared to 2015, there were 98 transactions and $56,210,600 gross volume, 12 properties at $1M and over and in 2014, there were 83 transactions with $38,988,500 gross volume, 7 properties at $1M and over.

Top Lender Graph: There were 368 loans in January, 63% of the loans were related to sales, there were 123 REFI's and 167 loans were timeshare related. 37% of the real estate closings were cash transactions.

Market Highlights: Please see page 10 of the Market Analysis-Higher priced sale in January (Gold Flake Terrace). There was one bank sale in January.

Foreclosures: There were 4 Foreclosure actions in January 2016 compared to 8 in January 2015.

Purchaser Profile Abstract (Page 14): There were 10 higher end sales in January - you can see the details on this report. Our buyers for real estate transactions were the Front Range demographic at 40% of our market, 31% are local ( side note: which in part are  "retires" coming to Summit County) and 29% are out of state buyers, with 0% International.

Land Title New Development Summary: This (page 15) shows all the new construction each month with 10 in January.

Click Here to View the Full Report

As always, please feel free to contact me any time 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    

Web: www.tylermacguire.com

Blog: www.tylermacguire.blogspot.com

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)

Short Sale and Foreclosure Representative (SFR)

December 2015 and Year End 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. 

December 2015 Highlights

·         Market Analysis by Area for December: The last month of the year turned out to be a busy one with 276 transactions and $141,435,873 monetary volume. Average transaction price for all 18 reported areas: $512,449: Average residential price:$525,692: Average residential PPSF $372.

·         Market Analysis by Area YTD 2015 (12 months):  Final year Monetary volume was $1,372,793,984 with 2537 transactions.-Average transaction price: $543,881, average residential price: $546,678 and average PPSF: $348.

·         Market Snapshot for Years 2015 vs 2014:  Final 2015 values held strong and are as follows: Average Indicators for $: Single Family +9%, Multi- Family +12% and Vacant Land +17%. Median Indicators for $: Single Family +7%, Multi- Family +19% and Vacant Land +8%.  

·         Market Analysis % Change Complete Full Year 2015 Data: Monetary volume ($141,435,873) in December was up +57% compared to December 2014. Number of transactions (276) were up 48% in December 2015 compared to December 2014. Full year 2015 Summit County real estate is up 30% in monetary volume and up 18% with number of transactions compared to full year 2014. 

·         Residential Market Sales by Price Point: Residential volume in December had 230 transactions with $120,909,250 gross volume. There were 16 properties that sold for $1M and above in December.  The most active price points were again in the $200K-$300K range this month. There were 71 Single family, 159 Multi-family and 19 Vacant land transactions in December.  Full Year 2015, there were 678 Single family, 1422 Multi-family and 156 Vacant land residential transactions.

·         Full Year 2015 Average Price History: Average residential pricing continues to increase for 2015- Single Family: $855,925, Multi- Family:$399,232 and Vacant Land was $372,794, all up the past 4 years.

·         Historical Cost Breakdown for Full Year 2015: There have been 2100 residential transactions YTD and $1,148,024,568 volume with 198 properties selling for a $1M and over-compared to 2014, there were 1731 transactions and $858,667,681 gross volume, 126 properties at $1M and over and in 2013, there were 1563 transactions with $769,965,955 gross volume, 122 properties at $1M and over. 

·         Top Lender Graph: There were 604 loans in December, 65% of the loans were related to sales, there were 131 REFI's and 294 loans were timeshare related. 35% of the real estate closings were cash transactions. Full year 2015, the average for cash closings ended at 34%. The list of lenders and number of transactions for all the 5684 loans are listed in a link below.

·         Market Highlights: Please see page 10 of the Market Analysis-Higher priced sale in December (Shock Hill). There were no bank sales again in December.

·         Foreclosures: Foreclosure actions ended 2015 way down with only 63 on for the year, there were only 3 Foreclosure actions in December compared to 12 in December 2014.

·         Land Title Purchaser Highlights (Page 14): There were 20 higher end sales in December, similar to November's 21 - you can see the details on this report. Full year 2015, our buyers for real estate transactions were the Front Range demographic at 40% of our market, 29% are local ( side note: which in part are  "retires" coming to Summit County) and 30% are out of state buyers, with 1% International. 

·         Land Title New Development Summary: This (page 15) shows all the new construction each month with 27 in December, 9 Town Center Condos closed in December, the report also includes the Deed Restricted new construction which isn't included on the other Residential reports. 

Please Click Here to View the Full Report

As always, please feel free to contact me any time 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    

Web: www.tylermacguire.com

Blog: www.tylermacguire.blogspot.com

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)

Short Sale and Foreclosure Representative (SFR)

November 2015 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. 

November 2015 Highlights

·         Market Analysis by Area for November:  Last month’s real estate stabilized a bit compared to the previous summer and early fall months for transactions in Summit County. There was $109,915,500 in monetary volume and 205 transactions. The average transaction price for all reported 18 areas: $541,209, average residential: $559,865, median residential: $439,000 and average PPSF: $354.

·         Market Analysis by Area YTD 2015 (11 months): YTD - monetary volume was $1,231,358,111 with 2261 transactions. Average transaction price: $547,745, average residential price: $549,260 and average PPSF: $346.

·         Market Snapshot for Years 2015 vs 2014:  Values are still strong and are as follows: Average Indicators for $: Single Family +10%, Multi- Family +12% and Vacant Land +15%.Median Indicators for $: Single Family +7%, Multi- Family +19% and Vacant Land +5%.  

·         Market Analysis % Change showing years 2004-2015: Monetary volume ($10,995,500) in November was up +5% compared to November 2014. Number of transactions (205) were down 5% in November 2015 compared to November 2014. This might be due to a low inventory factor in Summit County. YTD (11 months) Summit County real estate is up 27% in monetary volume and up 15% with number of transactions compared to YTD 2014. 

·         Residential Market Sales by Price Point: Residential volume in November had 179 transactions with $100,215,900 gross volume. There were 18 properties that sold for $1M and above in November.  The most active price points were again in the $200K-$400K range this month. There were 59 Single family, 120 Multi-family and 9 Vacant land transactions in November. 

·         YTD 2015 Average Price History: Average residential pricing continues to increase for 2015- Single Family: $859,565, Multi- Family: $400,126 and Vacant Land was down a little from last month: $365,844. 

·         Historical Cost Breakdown for 2015: There have been 1870 residential transactions YTD and $1,027,115,318 volume with 182 properties selling for a $1M and over-compared to 2014, there were 1588 transactions and $788,685,181 gross volume, 116 properties at $1M and over and in 2013, there were 1450 transactions with $710,018,300 gross volume, 111 properties at $1M and over. 

·         Top Lender Graph: There were 433 loans in November, 67% of the loans were related to sales, there were 102 REFI's and 194 loans were timeshare related. 33% of the real estate closings were cash transactions.

·         Market Highlights: Please see page 10 of the Market Analysis-Higher priced sale in November (Royal Tiger Road). There were no bank sales in November.

·         Foreclosures: There were 4 foreclosure actions in November, compared to 6 in November 2014.

·         Land Title Purchaser Highlights (Page 14): There were 22 higher end sales in November compared to 29 in October - you can see the details on this report. In November, our buyers for real estate transactions were the Front Range demographic at 45% of our market, 26% are local and 30% are out of state buyers, with 0% International. 

Click Here to View The Full Report

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    

Web: www.tylermacguire.com

Blog: www.tylermacguire.blogspot.com

"Your Guide to Summit County Real Estate"

Certified Negotiation Expert (CNE)

Short Sale and Foreclosure Representative (SFR)