Here is where you can find all the latest info on the Summit County, CO market from Anne & Danielle of The Skinner Team. Including our market stats video series and information compiled by the Land Title Guarantee Company.
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 February 2021: There were a total of 151 transactions and $132,914,988 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $923,287. The average residential price was $1,011,617 and the average residential PSF was $588.
Market Analysis by Area YTD 2021 (2 Months): There were a total of 311 transactions totaling $262,873,832 in monetary volume. Average transaction price was $875,684, average residential price was $959,548 and average residential PPF was $591.
Market Snapshot for FULL Years 2021 vs 2020: Average Indicators for $: Single Family +6%, Multi- Family +10% and Vacant Land -13%. Median Indicators for Single Family -2%, Multi- Family +12% and Vacant Land +5%.
Market Analysis % Change YTD February 2021: Monetary volume in February 2021 was up 23% from February 2020. Transactions were up 20% from February 2020. YTD $ volume is pacing 27% up and transactions are up 20% from YTD 2020.
Residential Cost Analysis: Residential volume in February had 118 transactions with $119,370,862 gross volume. There were 34 properties that sold for $1M and above in February There were 42 Single Family, 76 Multi-Family and 14 Vacant Land transactions.
Average Price History by Type-YTD 2021: Average price for residential Single Family: $1,465,299, Multi- Family: $665,887 and Vacant Land: $322,203.
Comparative Historical Cost Analysis Comparison 2021-2020-2019: YTD 2021, there were 245 residential transactions and $235,089,362 gross $ volume with 68 properties selling for over $1M. In 2020, there were 209 transactions with $175,227,700 gross $ volume with 58 properties selling for over $1M. In 2019, there were 211 transactions with $172,639,219 gross $ volume with 48 properties selling for over $1M.
Top Lender Analysis February 2021: There were 633 loans in February. Of those 96 loans were related to sales, there were 341 REFI’s and 196 loans were timeshare related. Thirty-six percent of the real estate closings were cash transactions.
Purchaser Profile Abstract: There were 36 upper end sales in February 2021 compared to 37 in January 2021. Buyers for real estate transactions for February 2021 include: local buyers have hit a new low at 17%, the Front Range demographic at 48% and 35% are out of state buyers with 0% International. There is a new graph included showing demographic trends through 2013 on page 17.
Land Title New Development Summary: Page 18 shows all the new construction by month. There were 14 in February compared to 7 in January 2021.
Click the link below to access the full report. Please don’t hesitate to contact me with any additional questions.
Here is where you can find all the latest info on the Summit County, CO market from Anne & Danielle of The Skinner Team. Including our market stats video series and information compiled by the Land Title Guarantee Company.
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 quote Land Title as your source. You are welcome to utilize this link within your own websites.
The market in 2021 continues to be very strong. High buyer demand, continued low interest rates and low inventory is combining to create a robust real estate market in Summit County. In fact, there were a total of 160 transactions in January (an increase of 19% over January 2020) and $129,958,844 in monetary volume – an increase of 32% over January 2020. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $832,409, the average residential price was $911,169 and the average residential PSF was $594.
Other notable highlights include:
Residential Cost Analysis: Residential volume in January had 127 transactions with $115,718,500 gross volume. There were 34 properties that sold for $1M and above in January. There were 48 Single Family, 79 Multi-Family and 16 Vacant Land transactions.
Average Price History by Type for 2021:
Residential Single Family: $1,281,004
Multi- Family: $686,459
Vacant Land: $227,375
Top Lender Analysis January2021: There were 607 loans in January. Of those, 111 loans were related to sales, 366 were REFI’s and 130 loans were timeshare-related. Thirty one percent of the real estate closings were cash transactions.
Foreclosures: There were 11 foreclosures in January, 10 of which were timeshares.
Purchaser Profile Abstract: There were 36 upper-end sales in January 2021 compared to 73 in December 2020. Our buyers for real estate transactions for January 2021 include front range demographic at 44% of our market, 21% are “local” and 35% are out of state buyers with 0% international. Page 17 includes a new graph showcasing demographic trends through 2013.
Market Snapshot for FULL Years 2021 vs 2020: Average Indicators for $: Single Family -8%, Multi- Family +13% and Vacant Land -38%. Median Indicators for Single Family -15%, Multi- Family +15% and Vacant Land -21%.
Comparative Historical Cost Analysis Comparison 2021-2020-2019: In 2021, there were 127 residential transactions and $115,718,500 gross $ volume with 34 properties selling for over $1M. In 2020, there were 111 transactions with $187,896,200 gross $ volume with 28 properties selling for over $1M. In 2019, there were 109 transactions with $87,148,300 gross $ volume with 23 properties selling for over $1M.
Market Highlights: Please see page 11 to view the higher-priced sale in Breckenridge at $4,850,000. The top priced PSF was in Breckenridge at Mountain Thunder Lodge Condos at $1,099.
Land Title New Development Summary: Page 18 showcases new construction each month. There were 7 in January compared to 19 in December 2020.
Click the link below to access the full report. Please don’t hesitate to contact me with any additional questions.
Thank you for your continued loyalty to Land Title,
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! Kes
Here is where you can find all the latest info on the Summit County, CO market from Anne & Danielle of The Skinner Team. Including our market stats video series and information compiled by the Land Title Guarantee Company.
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 quote Land Title as your source. You are welcome to utilize this link within your own websites.
The market in 2021 continues to be very strong. High buyer demand, continued low interest rates and low inventory is combining to create a robust real estate market in Summit County. In fact, there were a total of 160 transactions in January (an increase of 19% over January 2020) and $129,958,844 in monetary volume – an increase of 32% over January 2020. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $832,409, the average residential price was $911,169 and the average residential PSF was $594.
Other notable highlights include:
Residential Cost Analysis: Residential volume in January had 127 transactions with $115,718,500 gross volume. There were 34 properties that sold for $1M and above in January. There were 48 Single Family, 79 Multi-Family and 16 Vacant Land transactions.
Average Price History by Type for 2021:
Residential Single Family: $1,281,004
Multi- Family: $686,459
Vacant Land: $227,375
Top Lender Analysis January2021: There were 607 loans in January. Of those, 111 loans were related to sales, 366 were REFI’s and 130 loans were timeshare-related. Thirty one percent of the real estate closings were cash transactions.
Foreclosures: There were 11 foreclosures in January, 10 of which were timeshares.
Purchaser Profile Abstract: There were 36 upper-end sales in January 2021 compared to 73 in December 2020. Our buyers for real estate transactions for January 2021 include front range demographic at 44% of our market, 21% are “local” and 35% are out of state buyers with 0% international. Page 17 includes a new graph showcasing demographic trends through 2013.
Market Snapshot for FULL Years 2021 vs 2020: Average Indicators for $: Single Family -8%, Multi- Family +13% and Vacant Land -38%. Median Indicators for Single Family -15%, Multi- Family +15% and Vacant Land -21%.
Comparative Historical Cost Analysis Comparison 2021-2020-2019: In 2021, there were 127 residential transactions and $115,718,500 gross $ volume with 34 properties selling for over $1M. In 2020, there were 111 transactions with $187,896,200 gross $ volume with 28 properties selling for over $1M. In 2019, there were 109 transactions with $87,148,300 gross $ volume with 23 properties selling for over $1M.
Market Highlights: Please see page 11 to view the higher-priced sale in Breckenridge at $4,850,000. The top priced PSF was in Breckenridge at Mountain Thunder Lodge Condos at $1,099.
Land Title New Development Summary: Page 18 showcases new construction each month. There were 7 in January compared to 19 in December 2020.
Click the link below to access the full report. Please don’t hesitate to contact me with any additional questions.
Thank you for your continued loyalty to Land Title,
Here is where you can find all the latest info on the Summit County, CO market from Anne & Danielle of The Skinner Team. Including our market stats video series and information compiled by the Land Title Guarantee Company.
Please note that LandTitledata 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 LandTitle as your source. You are welcome to utilize this link within your own websites.
MarketAnalysis by Area for December 2020: There were a total of 283 transactions and $236,644,433 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $848,816, average residential price was $891,305 and average residential PSF was $582.
MarketAnalysis by Area Full year 2020: There was a total of $2,319,029,219 (record high) with 2800 transactions. The average transaction price was $847,756, the average residential price was $903,385 and the average PPSF was $531.
Market Snapshot for FULL Years 2020 vs 2019: Average Indicators for $: Single Family +10%, Multi- Family +8% and Vacant Land 7%. Median Indicators for Single Family +12%, Multi- Family +9% and Vacant Land 9%.
MarketAnalysis % Change FULL Year 2020: Monetary volume ($236,644,433) in December 2020 was up 30% from December 2019. Transactions (283) were up 23% from December 2019. Full Year 2020 Monetary Volume ended with a new Summit record high (closing with a total of $2.139B) and 22% ahead of 2019, and transactions (2800) were up 15 % compared to 2019.
Residential Cost Analysis: Residential volume in December had 237 transactions with $211,239,400 gross volume. There were 69 properties that sold for $1M and above in December. There were 73 Single Family, 164 Multi-Family and 24 Vacant Land transactions. Full Year 2020 ended with 872 Single Family, 1419 Multi- Family and 223 Vacant Land sales.
Average Price History by Type- FULL Year 2020: Average price for residential Single Family: $1,386,525 (record high), Multi- Family: $606,487 ( record high) and Vacant Land: $368,859.
Comparative Historical Cost Analysis Comparison 2020-2019-2018: In 2020, there were 2291 residential transactions and $2,069,655,256 gross $ volume with 658 properties selling for over $1M. In 2019, there were 1933 transactions with $1,586,910,706 gross $ volume with 454 properties selling for over $1M. In 2018, there were 1994 transactions with $1,499,765,478 gross $ volume with 381 properties selling for over $1M.
Top Lender Analysis December 2020: There were 745 loans in December. 187 loans were related to sales, there were 398 REFI’s and 160 loans were timeshare related. 34% of the real estate closings were cash transactions. In 2020, there were a total of 7102 loans including refi’s and timeshares, 31% of all transactions were cash.
Market Highlights: Please see page 11 of the MarketAnalysis– Note the the higher priced sale in December 2020 in Breckenridge at $5,260,000. The top priced PSF was in Breckenridge at Four O’Clock Condos at $1,250
Foreclosures: There were 16 Foreclosures in December, all timeshares. The year ended with a total of 42 Foreclosure actions with only 9 going to PTD. No Bank sales in December.
Purchaser Profile Abstract: There were 73 upper end sales in December 2020 compared to 108 in November. Our buyers for real estate transactions for December 2020: Front Range demographic at 53% of our market, 16% are “local” and 30% are out of state buyers with 0% International. 2020 buyer demographic’s continue to shift from years past with an increase of 47% Front Range ( 42% in 2019), 21%”local” ( 29% in 2019) and 32% out of state ( 29% in 2019) and 0% International. Please note page 17 comparing demographics of our buyers through 2013.
LandTitle New Development Summary: This (page 18) shows all the new construction each month, there were 19 in December compared to 39 in November.
Here is where you can find all the latest info on the Summit County, CO market from Anne & Danielle of The Skinner Team. Including our market stats video series and information compiled by the Land Title Guarantee Company.
Please note that LandTitledata 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 LandTitle as your source. You are welcome to utilize this link within your own websites.
MarketAnalysis by Area for December 2020: There were a total of 283 transactions and $236,644,433 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $848,816, average residential price was $891,305 and average residential PSF was $582.
MarketAnalysis by Area Full year 2020: There was a total of $2,319,029,219 (record high) with 2800 transactions. The average transaction price was $847,756, the average residential price was $903,385 and the average PPSF was $531.
Market Snapshot for FULL Years 2020 vs 2019: Average Indicators for $: Single Family +10%, Multi- Family +8% and Vacant Land 7%. Median Indicators for Single Family +12%, Multi- Family +9% and Vacant Land 9%.
MarketAnalysis % Change FULL Year 2020: Monetary volume ($236,644,433) in December 2020 was up 30% from December 2019. Transactions (283) were up 23% from December 2019. Full Year 2020 Monetary Volume ended with a new Summit record high (closing with a total of $2.139B) and 22% ahead of 2019, and transactions (2800) were up 15 % compared to 2019.
Residential Cost Analysis: Residential volume in December had 237 transactions with $211,239,400 gross volume. There were 69 properties that sold for $1M and above in December. There were 73 Single Family, 164 Multi-Family and 24 Vacant Land transactions. Full Year 2020 ended with 872 Single Family, 1419 Multi- Family and 223 Vacant Land sales.
Average Price History by Type- FULL Year 2020: Average price for residential Single Family: $1,386,525 (record high), Multi- Family: $606,487 ( record high) and Vacant Land: $368,859.
Comparative Historical Cost Analysis Comparison 2020-2019-2018: In 2020, there were 2291 residential transactions and $2,069,655,256 gross $ volume with 658 properties selling for over $1M. In 2019, there were 1933 transactions with $1,586,910,706 gross $ volume with 454 properties selling for over $1M. In 2018, there were 1994 transactions with $1,499,765,478 gross $ volume with 381 properties selling for over $1M.
Top Lender Analysis December 2020: There were 745 loans in December. 187 loans were related to sales, there were 398 REFI’s and 160 loans were timeshare related. 34% of the real estate closings were cash transactions. In 2020, there were a total of 7102 loans including refi’s and timeshares, 31% of all transactions were cash.
Market Highlights: Please see page 11 of the MarketAnalysis– Note the the higher priced sale in December 2020 in Breckenridge at $5,260,000. The top priced PSF was in Breckenridge at Four O’Clock Condos at $1,250
Foreclosures: There were 16 Foreclosures in December, all timeshares. The year ended with a total of 42 Foreclosure actions with only 9 going to PTD. No Bank sales in December.
Purchaser Profile Abstract: There were 73 upper end sales in December 2020 compared to 108 in November. Our buyers for real estate transactions for December 2020: Front Range demographic at 53% of our market, 16% are “local” and 30% are out of state buyers with 0% International. 2020 buyer demographic’s continue to shift from years past with an increase of 47% Front Range ( 42% in 2019), 21%”local” ( 29% in 2019) and 32% out of state ( 29% in 2019) and 0% International. Please note page 17 comparing demographics of our buyers through 2013.
LandTitle New Development Summary: This (page 18) shows all the new construction each month, there were 19 in December compared to 39 in November.
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.
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 2020: There 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.
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.
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 2020: There 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.
