Category Archives: Martket Information

Market Stats Update – May 8th, 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 monthly video series and information compiled by the Land Title Guarantee Company.

As Summit County and Colorado are under Public Health Orders to combat the Coronavirus, The Skinner Team will be doing weekly market stats updates to follow the trends to see if and when a shift may take place.

A Review of 4/26 – 5/2 Market Stats Info:



March 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.

The COVID-19 Pandemic in Summit County Impact began on March 15, 2020 with the immediate mandate on the ski area closures.

  • Market Analysis by Area for March 2020: There were a total of 133 transactions and $99,852,065 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $777,206 average residential price was $902,364 and average residential PSF was $534.
  • YTD 2020 Market Analysis by Area (3 months): There were a total of 393 transactions, and $306,893,935 in monetary volume. The average transaction price for all 18 reported areas is $797,802, average residential price was $859,107 and average residential PPF was $530.
  • Market Snapshot for FULL Years 2019 vs 2018:  Average Indicators for $: Single Family -1%, Multi- Family +7% and Vacant Land -7%. Median Indicators for Single Family +2%, Multi- Family +9% and Vacant Land -10%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($99,852,065) in March 2020 was down  2% from March 2019. Transactions (133) were down 1% from March 2019.  YTD 2020 Monetary Volume is pacing 4% down from YTD 2019. YTD 2020 transactions are pacing 3% down to YTD 2019.
  • Residential Cost Analysis:  Residential volume in March had 100 transactions with $90,236,400 gross volume. There were 29 properties that sold for $1M and above in March. There were 40 Single Family, 60 Multi-Family and 15 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,256,581, Multi- Family: $596,261 and Vacant Land: $320,903.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: In 2020, there were 309 residential transactions and $265,464,100 gross $ volume with 87 properties selling for over $1M. In 2019, there were 309 transactions with $256,406,796 gross $ volume with 69 properties selling for over $1M. In 2018, there were 322 transactions with $229,269,563 gross $ volume with 54 properties selling for over $1M.
  • Top Lender Analysis March 2020There were 490 loans in March. 78 loans were related to sales, there were 199 REFI’s and 213 loans were timeshare related. 42% 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 March 2020 in the Shock Hill area in Breckenridge at $4,600,000. The top priced PSF was in a Four O’Clock Condo in Breckenridge at $1,317.
  • Foreclosures: There were 2 foreclosure actions in March. YTD 2020, there are 8 Foreclosure actions.
  • Purchaser Profile Abstract:  Upper end sales were at 29 in March compared to 34 in February. Our buyers for real estate transactions for March 2020: Front Range demographic at 44% of our market, 23% are “local” and 33% 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 13 in March.

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

Market Stats Update April 24, 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 monthly video series and information compiled by the Land Title Guarantee Company.

As Summit County and Colorado are under Public Health Orders to combat the Coronavirus, The Skinner Team will be doing weekly market stats updates to follow the trends to see if and when a shift may take place.

A Review of 4/12 – 4/18 Market Stats Info:



March 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.

The COVID-19 Pandemic in Summit County Impact began on March 15, 2020 with the immediate mandate on the ski area closures.

  • Market Analysis by Area for March 2020: There were a total of 133 transactions and $99,852,065 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $777,206 average residential price was $902,364 and average residential PSF was $534.
  • YTD 2020 Market Analysis by Area (3 months): There were a total of 393 transactions, and $306,893,935 in monetary volume. The average transaction price for all 18 reported areas is $797,802, average residential price was $859,107 and average residential PPF was $530.
  • Market Snapshot for FULL Years 2019 vs 2018:  Average Indicators for $: Single Family -1%, Multi- Family +7% and Vacant Land -7%. Median Indicators for Single Family +2%, Multi- Family +9% and Vacant Land -10%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($99,852,065) in March 2020 was down  2% from March 2019. Transactions (133) were down 1% from March 2019.  YTD 2020 Monetary Volume is pacing 4% down from YTD 2019. YTD 2020 transactions are pacing 3% down to YTD 2019.
  • Residential Cost Analysis:  Residential volume in March had 100 transactions with $90,236,400 gross volume. There were 29 properties that sold for $1M and above in March. There were 40 Single Family, 60 Multi-Family and 15 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,256,581, Multi- Family: $596,261 and Vacant Land: $320,903.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: In 2020, there were 309 residential transactions and $265,464,100 gross $ volume with 87 properties selling for over $1M. In 2019, there were 309 transactions with $256,406,796 gross $ volume with 69 properties selling for over $1M. In 2018, there were 322 transactions with $229,269,563 gross $ volume with 54 properties selling for over $1M.
  • Top Lender Analysis March 2020There were 490 loans in March. 78 loans were related to sales, there were 199 REFI’s and 213 loans were timeshare related. 42% 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 March 2020 in the Shock Hill area in Breckenridge at $4,600,000. The top priced PSF was in a Four O’Clock Condo in Breckenridge at $1,317.
  • Foreclosures: There were 2 foreclosure actions in March. YTD 2020, there are 8 Foreclosure actions.
  • Purchaser Profile Abstract:  Upper end sales were at 29 in March compared to 34 in February. Our buyers for real estate transactions for March 2020: Front Range demographic at 44% of our market, 23% are “local” and 33% 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 13 in March.

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

Federal Housing Finance Agency Resources

The FHFA has compiled information to help homeowners (and renters) effected by the Coronavirus. If your loan is owned by Fannie Mae or Freddie Mac (You can check here for Fannie Mae, and here for Freddie Mac) then you might be eligible for help if coronavirus has effected your job status or health.

FHFA information below and here.

Fannie Mae, Freddie Mac (the Enterprises) and the Federal Home Loan Banks are taking steps to help people who have been impacted by the coronavirus.   If your ability to pay your mortgage is impacted, and your loan is owned by Fannie Mae or Freddie Mac, you may be eligible to delay making your monthly mortgage payments for a temporary period, during which:

  • You won’t incur late fees.
  • You won’t have delinquencies reported to the credit bureaus.
  • Foreclosure and other legal proceedings will be suspended

If you have trouble catching up at the end of this temporary relief period, additional assistance may be available.  You can work with your servicer to resume making a mortgage payment.  Or if you need additional assistance, you can work with your servicer on other foreclosure prevention options to keep your home.

Contact your mortgage servicer (the company where you send your monthly payments) as soon as possible to let them know about your current circumstances. The telephone number and mailing address of your mortgage servicer should be listed on your monthly mortgage statement.

-FHFA website.


November Market Stats Update

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

A Review of November 2018 Market Stats Info:


October 2018 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.

  • Market Analysis by Area for October 2018: There were a total of 236 transactions and $182,673,300 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $812,344, average residential price was $818,498 and average residential PSF was $481.
  • Year to Date Market Analysis ( 10 months): Monetary volume in YTD 2018 totaled $1,451,784,955 with 2102 transactions: $717,060 average transaction price, $748,403 average residential price and average residential PSF $469.
  • Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family +5%, Multi- Family +9% and Vacant Land +14%. Median Indicators for Single Family +7%, Multi- Family +10% and Vacant Land +18%.
  • Market Analysis % Change 2018: Monetary volume ($182,673,300) in October 2018 was down 14% from October 2017. Transactions (236) were down 27% from October 2017.  YTD 2018 monetary volume is up 7% from YTD 2017, and transactions are now down 2% YTD 2018 compared to YTD 2017.
  • Residential Cost Analysis:  Residential volume in October had 193 transactions with $157,970,200 gross volume. There were 37 properties that sold for $1M and above in October.  The most active price points were between $300K-$500K with 60 transactions. There were also quite a few transactions in October between the price points of $500K-$600K with 28 transactions. There were 75 Single Family, 118 Multi-Family and 12 Vacant Land transactions.
  • Average Price History by Type 2018: Average price for residential Single Family: $1,298,937, Multi- Family: $513,135 and Vacant Land: $367,042.
  • Comparative Historical Cost Analysis YTD 2018: There were 1662 residential transactions and $1,243,846,478 gross $ volume with 309 properties selling for $1M and over. YTD 2017, there were 1810 residential transactions and $1,226,952,645 gross $ volume with 287 properties selling for over $1M. YTD 2016, there were 1692 transactions with $964,853,906 gross $ volume with 175 properties selling for over $1M.
  • Top Lender Analysis October 2018: There were 529 loans in October. 72% of purchasers closing with financing at the time of the sale, there were 110 REFI’s and 248 loans were timeshare related. 28% 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 October in the Shock Hill area at $4,091,500. The top priced PSF in the Village at Breckenridge at $961.
  • Foreclosures:  There were 4 Foreclosure actions taken in October compared to 3 last October 2017.
  • Purchaser Profile Abstract:  There were 41 upper end sales in October 2018 compared to 40 in September 2018. Our buyers for real estate transactions for 2018: Front Range demographic at 42% of our market, 28% are “local” and 31% are out of state buyers with 0% 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 22 in October.

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

Latest Market Stats Update for October 2018

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

A Review of October 2018 Market Stats Info:


September 2018 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.

  • Market Analysis by Area for September 2018: There were a total of 259 transactions and $161,902,700 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $656,093, average residential price was $724,882 and average residential PSF was $478.
  • Year to Date Market Analysis ( 9 months): Monetary volume in YTD 2018 totaled $1,262,111,655 with 1866 transactions: $705,136 average transaction price, $739,194 average residential price and average residential PSF $467.
  • Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family +3%, Multi- Family +9% and Vacant Land +14%. Median Indicators for Single Family +6%, Multi- Family +8% and Vacant Land +16%.
  • Market Analysis % Change 2018: Monetary volume ($161,902,700) in September 2018 was up only 1% from September 2017. Transactions (259) were up 4% from September 2017.  YTD 2018 monetary volume is up 11% from YTD 2017, and transactions are up 2% YTD 2018 compared to YTD 2017.
  • Residential Cost Analysis:  Residential volume in September had 196 transactions with $142,076,900 gross volume. There were 38 properties that sold for $1M and above in September The most active price points were between $300K-$500K with 58 transactions. There were 78 Single Family, 118 Multi-Family and 18 Vacant Land transactions.
  • Average Price History by Type 2018: Average price for residential Single Family: $1,029,123, Multi- Family: $523,774 and Vacant Land: $318,444.
  • Comparative Historical Cost Analysis YTD 2018: There were 1469 residential transactions and $1,085,876,278 gross $ volume with 272  properties selling for $1M and over.
  • Top Lender Analysis September 2018: There were 552 loans in September, 74% of purchasers closing with financing at the time of the sale, there were 82 REFI’s and 278 loans were timeshare related. 26% 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 September in the Woodmor area at $4,030,000. The top priced PSF in the Main Street Station Condos at $1,056.
  • Foreclosures:  There were 6 Foreclosure actions taken in September compared to 3 last September 2017.
  • Purchaser Profile Abstract:  There were 40 upper end sales in September 2018 compared to 61 in August 2018. Our buyers for real estate transactions for 2018: Front Range demographic at 41% of our market, 35% are “local” and 23% are out of state buyers with 0% International. Please note a new 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 26 in September compared to 40 in August.

Land Title Guarantee Company September 2018 Market Analysis 


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

Rental Insights Report 2018 by Evolve

Evolve has put together a comprehensive report on all aspects of second-home rental property owners. Click the link below to be taken to their report.

Owner Insights Report – 2018 evolve

New Construction! Cucumber Creek Estates

Cucumber Creek Estates 
cucumbercreekestates.com

Breckenridge Lands is delighted to announce its newest offering of luxury homes centrally situated between the base of Peak 8 and historic Main Street. Cucumber Creek Estates incorporates five cottages and twelve paired residences tucked behind the Nordic Center, backing Shock Hill and adjoining the Cucumber Creek Open Space. Owners will enjoy exterior maintenance free living, exceptional access to skiing and the finest finishes.

Available Properties


Master Pan: 


Foorplans: 


Want to learn more? Contact us today for more information on this new construction in Summit County! 

3D-Printed Homes

You Can Now 3D-print a House in Under a Day

Quartz – Mike Murphy 

March 12, 2018

Austin, Texas

In the near future, building a new home may be as easy as printing out an airline boarding pass.

At South By Southwest today, New Story, a Y Combinator-backedcharity that works to build houses for people in developing nations, and Icon, a robotics construction company in Austin, Texas, unveiled what is believed to be the first 3D-printed house that is fully up to code and permitted for people to inhabit.

The two organizations came together to show that it’s feasibly possible to build an easy-to-replicate house in under 24 hours. They plan to take this proof-of-concept and start producing small houses for families in countries like Haiti and El Salvador. The 800-sq-ft house cost around $10,000 to build using Icon’s proprietary Vulcan printer, but the company plans to eventually bring that price down to around $4,000. Theoretically, it could soon print one of the houses in about six hours, a representative for New Story told Quartz. But the process is still being ironed out—the house in Austin is the only one built so far.

Icon Vulan
Icon’s house printer, the Vulcan. (Quartz/Mike Murphy)

The Vulcan printer was also on display, in the yard next to the lot where the house was printed. Massive, but still portable, the printer excretes a custom blend of concrete that hardens as it’s printed. The concrete is laid in 100 roughly one-inch-thick strands that hold their shape as they harden. Icon cofounder Evan Loomis told Quartz that the strength of the printed walls is stronger than cinderblocks after a few days of hardening, although the house is entirely habitable after it’s been set up.

Icon printed house
Each house features a living room, bathroom, a bedroom, and a study (which can be another bedroom). (Quartz/Mike Murphy)

After the walls are printed, New Story crew members come in and install windows, a wooden roof, basic plumbing, and electrical wiring which can be drilled right into the walls. The entire setup, including the finishing, takes under a day.

In the future, Icon would like to be able to develop robots that could automatically install the windows after the Vulcan finishing printing, and drones that could spray-paint the exterior walls. It’ll explore the possibility of printing roofs as well, but the technology for suspending concrete as it prints isn’t really feasible yet.

Icon printed house
The house is made up of about 100 lines of concrete, and a wooden roof. (Quartz/Mike Murphy)

There are other groups working on printing houses, including Apis Cor in Russia, but the group in Austin believes its structure to be the first printed house that’s been deemed inhabitable by a local government. Icon hopes to eventually commercialize its house-printing technology in the US, where housing shortages are reaching severe levels in some larger cities. “Affordability is important,” Loomis said, “regardless of whether you’re in Austin or El Salvador.”

In theory, families could customize the design, arrange for a printer to come plop down on their land, and have a readymade house to move into a day later. Even the average Amazon delivery takes longer than that.

For original article from Quartz: Click here

February 2018 Market Stats Update

Here are the latest market stats from Anne & Molly.

Please contact us if you have any questions or want to find your mountain escape! 

 

Market Stats Update – January 2018

Anne and Molly from the Skinner Team with Keller Williams Top of the Rockies in Summit County, CO recap the market stats from the end of the 2017 year, and highlight what they are curious to see happen in 2018.