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The New Skinner Team Buyer Specialist, Danielle Connor

Congratulations to Danielle Connor, The Skinner Team’s new Buyer Specialist!

Danielle has been the Team’s transaction manager, but is excited for her next steps in Colorado Real Estate! Learn more with Anne and Danielle!

Market Stats Update December 2020

Here is where you can find all the latest info on the Summit County, CO market from Anne of The Skinner Team. Including our market stats video series and information compiled by the Land Title Guarantee Company.

A Review of December 2020 Market Stats Info:


Archived Market Stats Videos


November 2020 Market Analysis 

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. If you choose to utilize this marketing information in any publications or websites, please make sure you are quoting Land Title as your source. You are welcome to utilize this link within your own websites.

November was another incredible month for real estate numbers in Summit County, pushing our gross volume over $2 Billion!

  • Market Analysis by Area for November 2020:  There were a total of 394 transactions and $355,464,800 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions was $915,271, average residential price was $936,442 and average residential PSF was $564.
  • YTD 2020 Market Analysis by Area (11 months): There were a total of 2517 transactions, and $2,082,384,786 in monetary volume. The average transaction price for all 18 reported areas was $847,634, average residential price was $904,779 and average residential PPF was $525.
  • Market Snapshot for FULL Years 2020 vs 2019:  Average Indicators for $: Single Family +9% change, Multi- Family +8% and Vacant Land 0%. Median Indicators for Single Family +12%, Multi- Family +9% and Vacant Land 6%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($355,464,800) in November 2020 was up 111% from November 2019. Transactions (394) were up 71% from November 2019.  YTD 2020 Monetary Volume is pacing 21% up from YTD 2019. YTD 2020 transactions are pacing 14% up to YTD 2019.
  • Residential Cost Analysis:  Residential volume in November had 329 transactions with $308,089,500 gross volume. There were 101 properties that sold for $1M and above in November.  There were 114 Single Family, 215 Multi-Family and 36 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,376,229 Multi-family: $604,629 and Vacant Land: $346,417.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: YTD 2020, there were 2054 residential transactions and $1,858,415,856 gross $ volume with 589 properties selling for over $1M. YTD 2019, there were 1741 transactions with $1,426,370,906 gross $ volume with 402 properties selling for over $1M. YTD 2018, there were 1847 transactions with $1,381,524,178 gross $ volume with 349 properties selling for over $1M.
  • Top Lender Analysis November 2020There were 810 loans in November. 272 loans were related to sales. There were 337 REFI’s and 201 loans were timeshare related. 31% of the real estate closings were cash transactions.
  • Market Highlights:  Please see page 11 of the Market Analysis- Note the the higher priced sale in November 2020 in the Woodmor area -Breckenridge at $4,000,000. The top priced PSF was in the One Ski Hill Place condos – Breck at $1,307.
  • Foreclosures: There was one Foreclosure action in November 2020 compared to 8 in November 2019. There have been a total of 26 Foreclosure actions YTD 2020. There were no Bank sales in November.
  • Purchaser Profile Abstract:  Upper end sales were up in November with 108 compared to 98 in October. Our buyers for real estate transactions for November 2020: Front Range demographic at approx.. 47% of our market, 20% are “local” and 32% are out of state buyers with 0% International.
  • Land Title New Development Summary: This (page 18) shows all the new construction each month, there were 39 in November compared to 28 in October.

Historical Summit County Market Analysis
Click here for Archived Summit County Market Analysis

Happy New Year!

Happy New Year!
May we all stay safe and healthy in this new year.


Mountain Events: New Years 2021

This New Year’s Eve is a bit different than years past, but there are still endless ways to safely celebrate here in Summit County by enjoying the outdoors!

Some fun activities to consider: 

Magic of Lights, Vail: *Tickets required*

Dillon Ice Castles: *Tickets required*

 

Silverthorne First Friday: Sledding, Maryland Creek Park *Friday, January 1st*

There are no fireworks this year in the County. 

Summit County Activities to try: 

(Always be mindful of where you are traveling in the side/backcountry and be prepared for avalanche terrain) 

Merry Christmas!

Merry Christmas and Happy Holidays from The Skinner Team! We wish you and your loved ones a wonderful holiday season.

Mid-December Market Stats Update

Here is where you can find all the latest info on the Summit County, CO market from Anne of The Skinner Team. Including our market stats video series and information compiled by the Land Title Guarantee Company.

A Review of December 1st – 15th, 2020 Market Stats Info:


Archived Market Stats Videos


October 2020 Market Analysis 

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. If you choose to utilize this marketing information in any publications or websites, please make sure you are quoting Land Title as your source. You are welcome to utilize this link within your own websites.

October real estate in Summit County tops last months record with $360M in gross volume and 442 transactions!

  • Market Analysis by Area for October 2020: There were a total of 442 transactions and $360,036,310 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions was $836,840, average residential price was $907,528 and average residential PSF was $527.
  • YTD 2020 Market Analysis by Area (10 months): There were a total of 2123 transactions, and $1,726,919,986 in monetary volume. The average transaction price for all 18 reported areas was $834,787, average residential price was $898,740 and average residential PPF was $517.
  • Market Snapshot for FULL Years 2020 vs 2019:  Average Indicators for $: Single Family +7% change, Multi- Family +7% and Vacant Land -2%. Median Indicators for Single Family +11%, Multi- Family +10% and Vacant Land 5%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($360,036,310) in October 2020 was up 81% from October 2019. Transactions (442) were up 55% from October 2019.  YTD 2020 Monetary Volume is pacing 12% up from YTD 2019. YTD 2020 transactions are pacing 7% up to YTD 2019.
  • Residential Cost Analysis:  Residential volume in October had 364 transactions with $330,340,010 gross volume. There were 95 properties that sold for $1M and above in October.  There were 128 Single Family, 236 Multi-Family and 36 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,349,741, Multi-family: $601,687 and Vacant Land: $339,415.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: YTD 2020, there were 1725 residential transactions and $1,550,326,356 gross $ volume with 488 properties selling for over $1M. YTD 2019, there were 1554 transactions with $1,279,897,406 gross $ volume with 360 properties selling for over $1M. YTD 2018, there were 1662 transactions with $1,243,846,478 gross $ volume with 309 properties selling for over $1M.
  • Top Lender Analysis October 2020There were 738 loans in October. 322 loans were related to sales. There were 383 REFI’s and 33 loans were timeshare related. 27% of the real estate closings were cash transactions.
  • Market Highlights:  Please see page 11 of the Market Analysis- Note the the higher priced sale in October 2020 in the Timber Trail area -Breckenridge at $4.800,000. The top priced PSF was in the Mountain Thunder condos – Breck at $972.
  • Foreclosures: There was one Foreclosure action in October 2020 compared to 8 in October 2019. There have been a total of 25 Foreclosure actions YTD 2020. There were no Bank sales in October.
  • Purchaser Profile Abstract:  Upper end sales were down in October with 98 compared to 115 in September. Our buyers for real estate transactions for October 2020: Front Range demographic at 45% of our market, 19% are “local” and 36% are out of state buyers with 0% International.
  • Land Title New Development Summary: This (page 18) shows all the new construction each month, there were 28 in October.

 


Historical Summit County Market Analysis
Click here for Archived Summit County Market Analysis

All Resorts Open!

The 2020/2021 Season is underway!

Though state and local public health orders may change the outline of what to expect this season is being formed. Learn more about each resort below:

Key features of all Resorts are social distancing, face coverings, and organized lift lines. Some are requiring reservations others are not. Some will sell day of tickets and others will prioritize season pass holders. Be sure to research which mountain you want to visit! 

Start your snow dances, well maybe not quite yet! 

Current Covid-19 Restrictions – Level Red

As of December 2, 2020 Summit County is still in Level Red. For full details about the current public health order be sure to check out summitcountyco.gov for the latest. Below are some of the key components to note as you come and spend time in Summit.

*Special Note to Short Term Rentals here. 

The Basics: Summit County Public Health Order

  1. Wear a mask in indoor spaces open to the public; wear a mask outdoors when you cannot maintain 6 feet of physical distancing.
  2. Do not gather with members of other households. Public and private gatherings are prohibited, among individuals from different households, including in private homes, lodging units and short-term rentals.
  3. Maintain at least 6 feet of distance from individuals who are not members of your immediate household.
  4. Stay home if you are sick. Do not go to your workplace or any public spaces. Only leave home to get tested or seek medical care.
  5. Get tested immediately if you have COVID-19 symptoms (fever, cough, headache, body aches, chills, diarrhea, loss of taste/smell).
  6. Restaurants are closed for indoor dining. Outdoor dining is allowed, with sale of alcohol for onsite consumption ending at 8 p.m. Onsite consumption of alcohol by employees prohibited after 8 p.m. Takeout, delivery and curbside pickup of food and beverages are allowed, with alcohol sales ending at 10 p.m.

Summit County Level Red Restrictions

Masks: Cloth face coverings are required in all indoor spaces open to the public and in all outdoor spaces where a minimum 6-foot physical distance from others can not be maintained.

Public and private gatherings: Gatherings of two or more people prohibited. The order does not prohibit gatherings of people who live together in the same residence.

High-risk populations: Stay at home.

Lodging and short term rentals: Lodging stays limited to a single household in any lodging unit, including short-term vacation rentals (STRs). A household is defined as the person or persons who live together in a single residence. The single-household limit applies to all lodging stays, including those for which reservations have already been made. Any existing reservations that include guests from two or more households must be changed or canceled to comply with the regulation. See additional guidance for owners and managers of STR properties.

Ski Areas: Ski areas must operate at reduced guest capacities. All retail, lodging and restaurant operations at resorts are subject to all closures and restrictions within the order listed for those sectors.

Restaurants: Indoor dining closed. Takeout, curbside pickup, delivery and to-go service permitted; outdoor dining allowed only with single-household groups at each table, spaced 6 feet apart. Sale of alcohol for on-premises consumption ends at 8 p.m. Takeout alcohol sales end at 10 p.m. On-premises consumption of alcohol by employees ends at 8 p.m.

Retail businesses: May operate at 50 percent of the posted occupancy limit and should offer enhanced options for curbside pickup, delivery and dedicated service hours for seniors and at-risk individuals.

Offices: 10 percent of posted occupancy limit; remote work strongly encouraged.

Gyms/fitness: 10 percent of indoor occupancy limit or 10 people per room, whichever is less; groups of 10 or less outdoors, maintaining 6 feet of distance between non-household contacts; reservations required for all services.

Organized youth and adult sports and camps: Virtual allowed; outdoors in groups of 10 or less, with 6 feet of distance between non-household contacts.

Personal services: 25 percent of posted occupancy limit or 25 people, whichever is less.

Schools: In-person learning suggested for preschool through fifth grade; in-person, hybrid or remote learning suggested for middle school; hybrid or remote suggested for high school.

Higher education: Remote suggested, limited in-person learning when necessary.

Child care: Open, with standard ratios.

Houses of worship and life rites: Operate at 25 percent of posted occupancy limit or 50 attendees, whichever is less.

Additional details on Level Red restrictions are available on the CDPHE website.

Happy Thanksgiving

Happy Thanksgiving! 🙏

The Skinner Team wishes you and your loved ones a happy, safe, and healthy holiday. 💛

ℹ️ If visiting Summit County this weekend be sure to note the local Covid-19 restrictions, Summit County is in Level Red.

Mid-November 2020 Market Stats Update

A Review of Mid-November 2020 Market Stats Info:

Archived Market Stats Videos


September 2020 Market Analysis 

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. If you choose to utilize this marketing information in any publications or websites, please make sure you are quoting Land Title as your source. You are welcome to utilize this link within your own websites.

September 2020 real estate volume hit a new benchmark with $344M in gross volume with 384 transactions. When we were looking back to the very beginning of the Summit County record keeping back in 1987, there is no month that comes close to this September gross volume. The entire year of 1995 had the gross volume total of $339M.

  • Market Analysis by Area for September 2020: There were a total of 384 transactions and $344,080,274 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions was $917,731, average residential price was $1,001,195 and average residential PSF was $524.
  • YTD 2020 Market Analysis by Area (9 months): There were a total of 1681 transactions, and $1,366,883,676 in monetary volume. The average transaction price for all 18 reported areas was $834,249, average residential price was $896,390 and average residential PPF was $515.
  • Market Snapshot for FULL Years 2020 vs 2019:  Average Indicators for $: Single Family +4% change, Multi- Family +8% and Vacant Land -8%. Median Indicators for Single Family +7%, Multi- Family +11% and Vacant Land -3%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($344,080,274) in September 2020 was up 87% from September 2019. Transactions (384) were up 57% from September 2019.  YTD 2020 Monetary Volume is pacing 1% up from YTD 2019. YTD 2020 transactions are pacing now only 1% down to YTD 2019.
  • Residential Cost Analysis:  Residential volume in September had 310 transactions with $310,370,535 gross volume. There were 107 properties that sold for $1M and above in September  There were 133 Single Family, 177 Multi-Family and 31 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,313,710, Multi-family: $607,276 and Vacant Land: $318,064.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: YTD 2020, there were 1361 residential transactions and $1,219,986,346 gross $ volume with 393 properties selling for over $1M. YTD 2019, there were 1342 transactions with $1,119,758,156 gross $ volume with 312 properties selling for over $1M. YTD 2018, there were 1469 transactions with $1,085,876,278 gross $ volume with 272 properties selling for over $1M.
  • Top Lender Analysis September 2020There were 748 loans in September. 255 loans were related to sales. There were 373  REFI’s and 120 loans were timeshare related. 34% of the real estate closings were cash transactions.
  • Market Highlights:  Please see page 11 of the Market Analysis- Note the the higher priced sale in September 2020 in the Shock Hill area -Breckenridge at $7,000,000.The top priced PSF was in the One Breckenridge Place condos – Breck at $1,187.
  • Foreclosures: There were 3 Foreclosure actions in September ( all were timeshares), compared to 7 in September. There have been a total of 24 Foreclosure actions YTD 2020. There were no Bank sales in September.
  • Purchaser Profile Abstract:  Upper end sales were up again in September with 115 compared to 87 in August. Our buyers for real estate transactions for September 2020: Front Range demographic at 45% of our market, 15% are “local” and 39% are out of state buyers with 0% International.
  • Land Title New Development Summary: This (page 18) shows all the new construction each month, there were 15 in September.

Historical Summit County Market Analysis
Click here for Archived Summit County Market Analysis