Category Archives: Martket Information

The Happiest Companies To Work For In 2018 – Forbes

I would support these findings from Forbes. Grateful for the backing of such a great company, Keller Williams!


The Happiest Companies To Work For In 2018

I cover leadership, management and careers

Companies that keep employees happy aren’t just helping their workers—they’re helping themselves, since satisfied workers are more productive. In fact, a mutual fund that invests in companies with positive workplace ratings, Parnassus Endeavor, has beaten the market handily over the past 10 years.

What are the organizations with the happiest employees? Careers site CareerBliss launched its eighth-annual list of the happiest companies in America. It surveyed tens of thousands of workers and asked them to rate their employers on ten key factors, such as their relationship with management, workplace environment, compensation, satisfaction with job function and growth opportunities.

To see the top 10 happiest companies to work for, open the gallery below. For the full list of 50, see the end of this article.

Keller Williams Realty takes the top spot. The Austin, Texas company has 175,000 agents across more than 900 metro areas and claims to be the world’s largest real estate franchise by agent count. A Keller Williams Realty employee wrote on CareerBliss.com, “One of the greatest benefits is how our company promotes from within. All employees are encouraged and supported to be in control of their growth and career paths.”

Sneaker king Nike ranks second. It remains one of the most valuable brands in the world, and it’s navigating a big transition as more consumers shop online. In June it announced its “NIKE Direct” initiative—the company is trying to sell more of its products directly to consumers through its website and own stores, rather than rely on traditional retailers like Foot Locker.

Adobe is the fourth happiest company, according to CareerBliss. The Silicon Valley tech giant invented PDFs and launched them 1993. It claims PDFs have led to a 91% reduction in environmental impact and 90% cost savings when compared with paper-based processes. And Adobe’s Photoshop software is used by 90% of creative professionals. “The atmosphere is highly collaborative and energizing. People have always been friendly and helpful; very professional,” wrote one employee on CareerBliss.com.

Pharmaceutical giant Amgen ranks fifth. Arthritis drug Enbrel is its top-selling product, bringing in nearly $6 billion in sales last year. “The work-life balance is great, fantastic daycare on campus, lots of smart co-workers,” wrote one CareerBliss reviewer. “Working for Amgen was very rewarding to see the positive impact we made in patients’ lives,” reported a West Coast employee.

Full List: The Happiest Companies to Work for in 2018

  1. Keller Williams Realty
  2. Nike
  3. Total Quality Logistics
  4. Adobe
  5. Amgen
  6. Chevron
  7. Intuit
  8. Bristol-Myers Squibb
  9. PNC Financial Services Group
  10. TruGreen
  11. CIGNA
  12. Starbucks
  13. Apple
  14. Quicken Loans
  15. Leidos
  16. Qualcomm
  17. iGATE
  18. The Vanguard Group
  19. Citrix Systems
  20. Kaiser Permanente
  21. Chase
  22. Pfizer
  23. Fidelity Investments
  24. American Income Life Insurance Company
  25. Blue Cross Blue Shield Association
  26. American Express
  27. GE Capital
  28. Merck
  29. American Airlines
  30. Microsoft
  31. Cisco Systems
  32. Nordstrom
  33. Exxon Mobil
  34. Alcatel-Lucent
  35. CenturyLink
  36. Bank of America
  37. The Walt Disney Company
  38. Wells Fargo
  39. Oracle
  40. Citigroup
  41. Broadcom
  42. Farmers Insurance Group of Companies
  43. DirecTV
  44. Dell
  45. Symantec
  46. Metropolitan Life Insurance Company
  47. ABC News
  48. CareFusion
  49. Spectrum
  50. Verizon Communications

Keller Williams Surpasses $1 Billon in Profit Share to Associates

Keller Williams Surpasses $1 Billon in Profit Share to Associates

Profit share is one way in which Keller Williams Realty exemplifies the principle of success through others. Each month, market centers share roughly half of their profits with the agents who helped grow the market center and make it profitable. But in order for there to be profit share, there must first be success.

Since the inception of the , KW has distributed more than $1 billion to associates who have helped the company grow!

And, thanks to the company’s recent growth and agent production gains, it has distributed more profit share in the past four years than in the preceding 21 years combined.

“As a company, we’re motivated by helping people fund their lives and create opportunities,” CEO John Davis says. “Giving back is part of our culture. Profit share allows our people to earn passive income for life so they can pay for their kids’ education, take care of their parents, and invest for the future.”

The historic achievement comes as Keller Williams is closing in on its most successful profit share year yet. Through the first 10 months of the year, KW has shared $151.9 million with associates in the United States and Canada, an increase of 14.1 percent compared with the same period in 2016. (Keller Williams associates outside of the United States and Canada participate in a similar program called “growth share.”)

Individual Keller Williams market center owners share roughly 50 percent of their office’s monthly profits with associates who have helped the business grow. As of Oct. 31, 98 percent of Keller Williams market centers were profitable for the year. Moreover, a record four market centers had already distributed $1 million or more this year. There are also individual agents who have received seven-figure distributions.

In the six years since Keller Williams launched its companywide Growth Initiative, profit share payouts have grown substantially:

  • $154.4 million in 2016
  • $129.8 million in 2015
  • $98.1 million in 2014
  • $78.2 million in 2013
  • $55.3 million in 2012
  • $38.3 million in 2011

Keller Williams Co-Founder and Chairman Gary Keller and early company leaders created the profit share program to ensure the goals of KW owners and agents remain permanently aligned. Innumerable lives have been changed as a result.

“Profit share saved my life.”

Dawn Braithwaite, a top-producing agent out of Ridgewood, N.J., credits the profit share program for saving her life. After a bad fall, Braithwaite sustained severe injuries to her wrist and within 24 hours learned she needed surgery. Her heart sank as her insurance company told her the surgery would not be covered.

“I just got divorced and was trying to pay all my bills,” Braithwaite says. “There was no way I could afford it. I didn’t know what to do.” After meeting with her doctor early in the week, she learned her only options would be to negotiate the price of the surgery down or have it performed by medical students at another clinic on the other side of town. But even at a discounted rate, the surgery was out of her price range.

She canceled her surgery and resigned herself to being stuck until she received an unexpected message in her inbox.

“On Thursday, I opened my email and saw that my profit share check had been deposited,” she says. “I couldn’t believe it!” Stunned and relieved, Braithwaite contacted her doctor right away and was in surgery the following day. It ended up being the surgery that saved her life.

“What should have taken an hour ended up taking two and a half,” Braithwaite explains. “It was a complicated operation because the doctors found that I had severed an artery and nerves. I could have bled to death. If profit share hadn’t come in, I don’t know what I would have done.”

“With profit share, our opportunities to give are so much greater.”

Linda McKissack.pngLinda McKissack, Keller Williams’ number one profit share earner, calls the program “the greatest gift we’ve been given.” Since becoming purposeful about profit share in 2007, McKissack has built a significant business and teaches agents how they can fund their lives long after their last deal is finished.

While McKissack has enjoyed the money, “the real gift is significance,” she comments. “It changes people’s lives.”

She has seen the impact firsthand with her family.

“My son-in-law was sick for 10 and a half months with terminal cancer,” McKissack shares. “My husband and I only worked three weeks during that time because money was coming in passively. Helping him fulfill his life wishes and being with my daughter, granddaughter and family – it was priceless. If you have profit share covering your expenses, you have freedom. You never know what’s on your horizon.”

“It allows me to be free. I will pass it along to my children.”

Since profit share is willable, agents are able to leave a lasting legacy for years to come. When Charles Bowles – a Keller Williams agent from Tulsa, Okla., and a significant profit share earner – died, Steve Whitaker was astonished to learn he had been included in his will.

“We were good friends and I helped take care of him during the last few years of his life,” Whitaker explains. “When he passed, he left everything to me, including profit share. I was able to take the proceeds and build my own house with it.”

Today, Whitaker is thriving in Oklahoma and owns a waste-removal company called Git-Er-Gone along with numerous properties. He partners with many Keller Williams agents in the area to remove unwanted items from homes. The monthly income from profit share “allows me to be free,” he says. “I don’t have to work as hard as I would.”

Just as Bowles paid his profit share forward, Whitaker plans on willing his profit share to his children so they can benefit from him. “I will put it in a trust so they can continue to take care of the properties we own.”

Article Link

Market Stats update from The Skinner Team

Anne and Molly go over some of the interesting market stats for October in the Summit County area in this market update video:   

Denver Post: CO Residential Vacancy Rate Fourth Lowest in Nation

Denver is just down the hill, and it’s housing situation and prosperity is helping push Summit County’s market further along. 


Colorado residential vacancy rate fourth lowest in the nation, report says
Douglas County, Fort Collins among lowest vacancy rates for counties, metro areas

 

PUBLISHED: | UPDATED:

It is definitely not your imagination. The market for available housing is wisp-thin in Colorado, recent data says.

Despite some communities along the Front Range seeing vacancy rates that rank among the lowest in the country, the good news for home-seekers is that same data suggests the Denver metro market may be loosening up some.

Colorado is tied for fourth lowest residential vacancy in the country, according to a national report released last week.

Just 0.69 percent of residential properties in the state have no one living in them. That blows away the national rate of 1.58 percent, and ties North Dakota for fourth lowest mark in the country. Colorado trails only New Hampshire (0.42 percent), Vermont (0.39) and South Dakota (0.25) when it comes to residential vacancy statewide, according to the numbers.

The report was put together by Attom Data Solutions, an Irvine, Calif.-based property data firm that claims to curate the nation’s largest multi-source property database. The report was put together by analyzing public tax, deed, mortgage and foreclosure data and comparing it to monthly U.S. Postal Service updates on vacant property. The report looked only at properties with one to four residential units on them, leaving out large multi-family projects and apartment buildings.

Colorado’s vacancy rate is essentially flat when compared to the same time last year. The market is more competitive than it was at the end of the third quarter of 2015 when the vacancy rate was 0.9 percent. There were 14,230 unoccupied residential properties then. There are 11,311 now.

Attom’s numbers suggest a slight softening of the residential market in the Denver metro area. Vacancy rates in the Denver-Aurora-Lakewood metropolitan statistical area rose to 0.6 percent this year, 1/10th of a point higher than in the third quarter of 2016.

Zooming in, Douglas County was found to have the second lowest vacancy rate of U.S. counties without at least 50,000 residential properties in them. That’s 405 counties in total. Douglas County’s minuscule 0.1 percent rate was outdone only by Loudon County, Va., a Washington D.C. suburb, the report says.

Fort Collins is sporting 0.24 percent vacancy, one of only two metro areas of at least 100,000 residential properties in the country with a rate that low. The other is San Jose, Calif. located in the heart of Silicon Valley.

How Airbnb Affects Home Prices and Rents

Interesting read from the Wall Street Journal about short-term rentals driving prices and rents. In our primarily second home market this is potentially relevant to Summit County. 


How Airbnb Affects Home Prices and Rents
The home-sharing service’s listings may take long-term rentals off the market in an area
Airbnb enables homeowners to generate income from their property, making their homes even more valuable, says UCLA’s Edward Kung. PHOTO: PETER FOLEY FOR THE WALL STREET JOURNAL

Could the use of Airbnb increase home prices and rental rates?

A new, not-yet-published working paper suggests the popular home-sharing service might do just that. The researchers looked at rents and home prices in the 100 largest metro areas in the U.S. between 2012 and 2016. They found that a 10% increase in Airbnb listings leads to a 0.39% increase in rents and a 0.64% increase in house prices.

“That may sound minuscule, but between 2012 and 2016, rents rose by about 2.2% annually [on average in the 100 areas], so a 0.39% increase in that context isn’t very small at all,” says Edward Kung, an assistant professor of economics at the University of California Los Angeles and one of the study’s authors. The same is true for home prices, which rose by an average of about 4.8% annually in the 100 areas, he adds.

The Wall Street Journal spoke to Dr. Kung about the study. The other co-authors are Davide Proserpio, an assistant professor of marketing at University of Southern California’s Marshall School of Business, and Kyle Barron, research assistant at the National Bureau of Economic Research. Below is an edited transcript of the conversation.

The effects of sharing

WSJ: Why are policy makers concerned about Airbnb’s effect on home prices?

DR. KUNG: There is an affordability crisis. In an earlier study, we found the number of people spending more than 30% of their income on rent increased by 9 percentage points over 14 years, from 30% in 2000 to 39% in 2014. And it isn’t just renters. In 2015, about a third of Americans spent more than 30% of their income on rent or mortgages, according to a study done by the Harvard University’s Joint Center for Housing Studies. Anything pushing up rent and home prices is a public concern, and it’s really the impetus for many cities wanting to regulate Airbnb.

WSJ: How does Airbnb affect home prices and rental rates?

DR. KUNG: We hypothesize Airbnb takes supply out of the long-term rental market, which caters to residents looking to rent permanent homes, and reallocates it to the short-term rental market, which caters to tourists or other temporary visitors. This reduces the supply of long-term rental units and increases the price for residents looking for long-term housing. Home prices rise with rents. And above and beyond that simple relationship, Airbnb enables homeowners to generate income from their property, making their homes even more valuable.

[A spokesman for Airbnb says, “Airbnb makes housing more affordable—countless families depend on Airbnb to pay their rent and stay in their homes—and in an opinion survey, 95% of economists and housing experts said they don’t believe home sharing has a significant impact on rents. The authors of this study agree that home sharing can provide important economic benefits for families and support smart rules that allow home sharing to continue.”]

WSJ: Is it surprising that Airbnb has an effect on rental rates and home prices?

DR. KUNG: We didn’t know what to expect. Some people would say Airbnb isn’t a big enough player to affect house prices and rental rates, but if a local resident looks for a long-term rental unit they will find that about one in 13 potentially available homes are being placed on Airbnb instead of being made available as a long-term rental. And that’s the median. For neighborhoods in the 90th percentile, where the number of Airbnb listings is very high, it’s almost one for one, where for every one unit listed on Airbnb, you see one unit listed on the long-term market.

WSJ: Airbnb’s effect on home and rental prices differed by neighborhood, even between neighborhoods within the same city. How come?

DR. KUNG: We think owner occupancy is a big reason for that. We find that Airbnb listings are more highly correlated with higher house prices and rental rates in neighborhoods with fewer owner-occupiers. That is one of the key points in our analysis, and it’s consistent with the hypothesis. The reasons Airbnb increases rental rates is that nonowner occupiers [landlords] are taking homes out of the long-term market and putting the units into the short-term market. In contrast, if owners are living in their home, they are less likely to rent it to long-term tenants. Instead they are just using Airbnb to rent their home while they are away on vacation or share an extra room.

WSJ: How does Airbnb affect vacancy rates?

DR. KUNG: In cities where we saw Airbnb growth, we also saw a decrease in vacant homes for sale or rent. But we saw an increase in the short-term rental market for seasonal or vacation homes, which are classified by the U.S. Census as vacant since they are not in use year round. So again, we saw a reallocation of housing stock.

Should we regulate?

WSJ: What are the policy implications of this paper?

DR. KUNG: Policies should try to stop the conversion of properties from long-term rental units to short-term rental units. But regulators should not restrict home sharing for people who would not have made their homes available to long-term renters anyway, such as: owner-occupiers; using Airbnb to share unused rooms or rent their home while they are away; or vacation-home owners, who intend to use their house for part of the year. For these people, home sharing allows them to more fully utilize their homes by generating an additional income stream. The challenge is to fully understand the intent of the homeowner.

Corrections & Amplifications
This story has been updated to include a comment from Airbnb. (Oct. 23, 2017)

Ms. Ward is a writer in Mendham, N.J. Email: reports@wsj.com.

Appeared in the October 23, 2017, print edition as ‘Airbnb and Home Prices.’

 

What’s Happening in the Summit County Market?

Anne and Molly summarize the Summit County market by analyzing September 2017 market stats.

If you have any questions about the market or real estate in general in Summit County please reach out to the Skinner Team!

A Mile-High Building Boom in Denver (Realtor.com)

As Denver market continues to grow so will ours here in Summit County. 


A Mile-High Building Boom in Denver 

 | Oct 13, 2017

A booming tech industry and strong job market have fueled an apartment-building frenzy in the midsize, mile-high city of Denver. Neighborhoods once filled with rundown 19th-century warehouses, modest apartment complexes and vacant lots have transformed into landscapes of glass, brick and steel, as new structures continue to climb.

Standing on the 12th-floor roof deck of the Alexan Uptown, a new 372-unit luxury apartment building, real-state agent Justin De La O counts about half a dozen cranes within a few blocks’ radius that mark where similar properties are rising.

Median rents in Denver grew to $1,184 in 2015, up from $777 in 2005—a 52% increase, according to data from rental website Apartment List, compared with 32% nationally. Construction of new units boomed during the same decade, but remained slower than the pace of new job creation, with 1.7 new jobs created for every new residential building permit. From 2010 to 2015, the ratio was particularly off-balance, with 2.9 jobs added for every building permit, according to census data analyzed by Apartment List.

Now, some local real-estate experts say the balance is shifting, with the supply of new housing matching or even exceeding demand. The result: Rental-price growth already shows signs of softening, with median rents down 0.4% over the past month, to $1,340, according to Apartment List’s October report. (The company says this may be due in part to a seasonal dip.)

“They have totally overbuilt the luxury apartment buildings,” says Christina Freyer Walker, the president of Colorado & Co. Real Estate. That’s good news for renters, as some buildings begin to offer incentives such as $500 signing bonuses, elaborate furnishing packages, gift cards and breaks on rent to attract tenants.

Tori Larson is the asset manager for the developer behind Decatur Point, a 203-unit rental building with an outdoor pool that opened in November 2016 and is now 88% rented. She says the building has tried a range of promotions to attract renters.

One recent deal was aimed at pet owners; it included a gift card for 10 visits to a doggy day care and six months of monthly on-site pet grooming. Another promotion featured a $500 Visa gift card, which she said was popular. “It’s a constant battle trying to figure out what’s going to work and what’s going to attract people,” she says. Studios in the building start at $1,485 a month; two-bedroom, two-bathroom units go up to $2,700.

Leeann Nicolo moved to Denver from New York in June. She looked at about 15 different places before choosing her 950-square-foot unit at the Alexan Uptown. At the time she signed her lease, she says the building was offering one-month free rent and waiving the building’s standard pet fee for a few months. The signing package for her $1,950-a-month, one-bedroom apartment also included several gift options. She chose one that came with a $300 Southwest Airlines gift card, a free membership to the Denver Zoo and a subscription a service that delivers free snacks from around the world once a month.

“In New York you have to argue for everything and you’re lucky if you even get an apartment,” says Ms. Nicolo, 27, who works in cybersecurity. The building’s more recent promotion included waived signing fees and discounts on certain units.

The rental-building boom was partly fueled by a slowdown in the building of for-sale luxury condos. Some developers say that under local construction-defect laws, condos are more vulnerable to lawsuits than rental buildings, making rentals seem like a safer bet. Others say that market conditions have been more favorable for rentals.

The low inventory of homes for sale has kept the sales market competitive. Denver homes and condos sell in under 30 days on average after listing, on par with hot markets like the San Francisco Bay Area, says Pam O’Connor, the CEO of Leading Real Estate Companies of the World.

David Zucker, the CEO of Zocalo Community Development, says the past year has given him pause about the high end of the rental market, though Denver’s growing global recognition makes him optimistic about the city overall. The company’s newest luxury rental building, Coda, in Cherry Creek, is about 70% rented a year after opening, which he says is slightly slower than expected but not surprising, considering the competition.

The building has free gigabyte high-speed internet for all residents, in addition to concierge service and a new ground-floor restaurant, Hedge Row, owned by Elon Musk’s brother Kimbal Musk. For future development, he says, he’s focusing on mixed-use buildings.

Some buildings are trying to stand out with increasingly luxurious amenities. At the Battery on Blake, a luxury apartment building across the street from Coors Field, there’s a sports lounge with an indoor bowling alley and billiards. Many buildings also include dog spas (where renters can wash their pets) as well as rooftop dog parks or dog runs. And then there are the types of amenities that are unique to Denver’s outdoorsy lifestyle, like ski-storage rooms, or kayaks that residents can borrow to use on nearby rivers.

The Confluence, a 35-story building under construction at the convergence of Cherry Creek and the South Platte River, has units that range from 658-square-foot studios to 2,500-square-foot penthouses. Amenities include bikes that residents can borrow to ride around town, as well as valet parking. A heated outdoor infinity pool, open year-round, has a cantilevered glass wall as well as several resort-style cabanas, each with its own fire pit. The gym has sliding glass doors that open to an outdoor yoga lawn.

One-bedrooms at the Confluence start around $2,400 a month and the largest penthouses could rent for more than $16,000 a month; prices are still being determined. With hand-scraped wood floors and 10- to 12-foot ceilings, the units are some of the priciest per square foot in Denver. Developers say there’s already a waitlist for penthouses, although they’re still under construction. They aren’t offering big promotions yet, though some non-penthouse units come with a $500 to $1,000 “construction” rebate while the building is still being completed.

Tara Nelson, a 32-year-old registered dietitian, moved to Denver from Barnstable, Mass., in May. She looked at seven or eight different luxury buildings before settling on Decatur Point in Jefferson Park. She liked the building’s gym, which has Peloton bikes with live video spin classes, and free yoga classes twice a week. Her 630-square-foot studio apartment has a patio where she can watch the sunset in the evenings.

Her rent is $1,700 a month, but with the building’s one-month free move-in incentive, which she spread out over the first year, she pays $1,595; she says her application fee was also waived.

Developers and real-estate agents say the next boom will likely happen in the suburbs. Adrienne Hill, a senior vice president with Simpson Property Group, has developed buildings like Sky House, a new 25-story, 354-unit downtown luxury apartment building in the Financial District with a rooftop pool and a gym that has a virtual training center. The building opened in October 2016 and is 64% occupied, which Ms. Hill says is in line with their expectations.

With the urban market nearly saturated, the company is looking to suburban areas like Littleton, about 20 miles south of Denver, for new development. “There’s a lot of opportunity in the suburbs and a lot of pent-up demand,” she says.

 

Summit County Market Analysis, August (Land Title Guarantee Co.)

August 2017 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 August 2017: The month of August was Summit’s best month so far in 2017! There were 272 transactions and $170,248,375 in monetary volume. Some trends for all 18 reported areas in August: $ 632,245 Average transaction price, $679,419 Average residential price and $424 PPSF.
  • Year to Date Market Analysis (8 months): Monetary volume in 2017 totaled $981,368,068 with 1577 transactions. $638,758 Average transaction price, $673,202 Average residential price and $426 PPSF.
  • Market Snapshot for Years 2017 vs 2016:  Average Indicators for $: Single Family +17%, Multi- Family +12% and Vacant Land 0%. Median Indicators for $: Single Family +22%, Multi- Family +10% and Vacant Land -9%.
  • Market Analysis % Change YTD 2017: Monetary volume ($170,248,375) in August 2017 was 22% higher than August 2016. Transactions (272) were down 4% to August 2016.  YTD 2017, monetary volume is up by 26% and transactions are up 8% compared to YTD 2016.
  • Residential Market Sales by Price Point: Residential volume in August had 231 transactions with $ 156,945,700 gross volume. There were 38 properties that sold for $1M and above in August. The most active price points were between $300K-$500K with transactions. There were 78 Single Family, 153 Multi-Family and 20 Vacant Land transactions in August.
  • Average Price History by Type 2017: Average price for residential Single Family: $1,096,406, Multi- Family: $460,631 and Vacant Land: $354,151.
  • Comparative Historical Cost Analysis 2017 YTD: There were 1313 residential transactions and $883,914,045 gross $ volume with 208 properties selling for $1M and over-compared to 2016, there were 1220 transactions and $683,932,493 gross $ volume, 121 properties at $1M and over.  In 2015, there were 1184 transactions with $641,544,640 gross $ volume, 110 properties at $1M and over.
  • Top Lender Graph: There were 478 loans in August, 63% (171) of the loans were related to sales, there were 129 REFI’s and 178 loans were timeshare related. 37% of the real estate closings were cash transactions.
  • Market Highlights: Please see page 10 of the Market Analysis- You can note the higher priced sale in August in the Shock Hill subdivision. A Liftside Condo topped out the highest PPSF at $939. There were no bank sales in August. 
  • Foreclosures: Actions were a bit up with 4 in August 2017 compared to 2 in August 2016. There have been 35 Foreclosure actions filed YTD.
  • Purchaser Profile Abstract:  There were 40 upper end sales in August compared to 29 in July. Our buyers for real estate transactions in August were approximately Front Range demographic at 42% of our market, 25% are “local” and 33% are out of state buyers with 0% International.
  • Land Title New Development Summary: This (page 16) shows all the new construction each month, Summit Sky Ranch started closing in August with 6, and there were a total of 15, same as July.

Flip, Rent, or Hold: The Best Investment Option (Realtor®Mag)

Realtor®Mag helps outline some of the pros and cons to flipping, renting or holding you home. (Source Realtor.com®) 


Flip, Rent, or Hold: The Best Investment Option

What are the pros and cons of each type of real estate investment, and which ones are the most profitable? “Over the generations, real estate has proven itself to be a pretty good, time-tested investment,” says Eric Tyson, co-author of Real Estate Investing for Dummies. “Like investing in the stock market, people who follow some basic principles and buy and hold over long periods of time should do fairly well. But, of course, there’s no guarantee.”

Realtor.com® analyzed the five most common real estate investments and broke down the typical returns investors have received over the past five years. Here’s an overview:

1. Home Flips

  • First half of 2017 gross returns: 48.6%
  • 2014 gross returns: 45.8%
  • 2012 gross returns: 44.8%

2. Rental Properties

  • 2017 gross returns: 13%
  • Three-year returns: 9.9%
  • Five-year returns: 11.67%

3. REITs

  • 2017 returns: 2.75%
  • Three-year returns: 8.39%
  • Five-year returns: 9.79%

4. Crowdfunding (pooling money to invest in apartment complexes, office buildings, or shopping centers)

  • Year-to-date annualized returns: 8.72%
  • Two-year returns: 8.89%

5. Home Appreciation

  • One-year appreciation: 10%
  • Three-year appreciation: 26.7%
  • Five-year appreciation: 44.8%

Source: “Flip, Rent, or Hold: What’s the Best Path to Real Estate Riches?” realtor.com® (Sept. 25, 2017)

Land Title Guarantee Company January Market Analysis

January 2017 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 January 2017: There were 203 transactions and $122,880,919 in monetary volume. Some trends for all 18 reported areas in December: $621,604- Average transaction price, $670,122- Average residential price and $397-PPSF.
  • Market Snapshot for Years 2017 vs 2016:  Average Indicators for $: Single Family +22% Multi- Family +10% and Vacant Land -15%. Median Indicators for $: Single Family +16%, Multi- Family 9% and Vacant Land -8%.
  • Market Analysis % Change YTD 2017 : Monetary volume ($91,901,074) in January 2017 was substantially higher at 45% compared to January 2016. Transactions (138) were only up by 11%. 
  • Residential Market Sales by Price Point: Residential volume in January had 113 transactions with $79,082,360 gross volume. There were 23 properties that sold for $1M and above in January. The most active price point was up a bit between $300K-400K with 19 transactions. There were 41 Single Family,72 Multi-Family and 7 Vacant Land transactions in January.
  • Average Price History by Type 2017: Average price for residential Single Family: $1.139,945 ( another milestone for the highest since Land Title has been tracking), Multi- Family: $449,231 and Vacant Land: $299,714.
  • Comparative Historical Cost Analysis 2017: There were again 113 residential transactions and $79,082,360 gross $ volume with 23 properties selling for a $1M and over-compared to 2016, there were 104 transactions and $55,534,150  $ gross volume, 9 properties at $1M and over and in 2015, there were 98 transactions with $56,210,600  $ gross volume, 12 properties at $1M and over. 
  • Top Lender Graph: There were 452 loans in January, 70% (96) of the loans were related to sales, there were 152 REFI’s and 204 loans were timeshare related. 30% of the real estate closings were cash transactions. 
  • Market Highlights: Please see page 10 of the Market Analysis- You can note the higher priced sale in January in the Sawmill Patch Placer area, also for the highest PPSF. There were no bank sales in January.
  • Foreclosures: Down again, with only 2 actions in January, compared to 4 in January 2016. There with no PTD filings in January.
  • Purchaser Profile Abstract:  There were 25 upper end purchasers in January compared to 22 in December 2016. Our buyers for real estate transactions in January were the Front Range demographic at 33% of our market, 36% are “local” and 31% are out of state buyers with barely 1% International. 
  • Land Title New Development Summary: This (page 16) shows all the new construction each month with 11 in January compared to 16 in December 2016.

Land Title Guarantee Company January 2017 Market Analysis

Real Estate in Frisco, Breckenridge, Dillon, Silverthorne, Keystone, Copper Mountain, Vail, Beaver Creek and other surrounding areas

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