Tag Archives: Land Title Guarantee

Land Title Guarantee Company November 2017 Market Analysis

November 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 November 2017: There were a total of 230 transactions and $151,871,354 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $663,600, average residential price was $694,513 and average residential PPSF was $451.
  • Year to Date Market Analysis (11 months): Monetary volume in YTD 2017 totaled $1,506,142,622 with 2377 transactions: $646,352 average transaction price, $679,530 average residential price and average residential PPSF $430. 
  • Market Snapshot for Years 2017 vs 2016:  Average Indicators for $: Single Family +16%, Multi- Family +15% and Vacant Land -5%. Median Indicators for Single Family +17%, Multi- Family +16% and Vacant Land -9%.
  • Market Analysis % Change YTD 2017: Monetary volume ($151,871,354) in November 2017 was down 18% from November 2016. Transactions (230) also down 14% from November 2016.  YTD 2017, monetary volume is up by 17% and transactions are up 4% compared to YTD 2016. 
  • Residential Market Sales by Price Point: Residential volume in November had 200 transactions with $138,902,688 gross volume. There were 24 properties that sold for $1M and above in November. The most active price points were between $300K-$400K with 37 transactions. There were 64 Single Family, 136 Multi-Family and 17 Vacant Land transactions in November.
  • Average Price History by Type 2017: Average price for residential Single Family: $1,084,991, Multi- Family: $470,841 and Vacant Land: $335,949.
  • Comparative Historical Cost Analysis 2017 YTD: There were 2010 residential transactions and $1,365,855,333 gross $ volume with 311 properties selling for $1M and over-compared to 2016, there were 1921 transactions and $1,098,827,441 gross $ volume, 203 properties at $1M and over.  In 2015, there were 1870 transactions with $1,027,115,318 gross $ volume,182 properties at $1M and over.
  • Top Lender Graph: There were 458 loans in November, 68% (157) of the loans were related to sales, there were 149 REFI’s and 152 loans were timeshare related. 32% 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 November on French Street in Breckenridge. Also, a Crystal Peak Lodge property was the highest PPSF at $904. There were no bank sales in November. 
  • Foreclosures: Actions were down with 2 in November, compared to 6 in November 2016. There have been a total of 43 Foreclosure actions YTD.
  • Purchaser Profile Abstract:  There were 27 upper end sales in November. Our buyers for real estate transactions in November were Front Range demographic at 43% of our market, 29% are “local” and 28% are out of state buyers with 0% International. 
  • Land Title New Development Summary: This (page 16) shows all the new construction each month, there were 22 in November compared to 33 in October.

Summit County Market Analysis

Land Title Guarantee July 2016 Summit County Market Analysis 

July 2016 Market Analysis (From Land Title Guarantee)

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 July 2016: There were 215 transactions and $104,621,918 in monetary volume. Average transaction price for all 18 reported areas: $492,978, Average residential price, $513,101 average residential and PPSF at $361.
  • Year to Date Market Analysis (7 months): Monetary volume was $638,127,710 with 1173 transactions. Average transaction price: $554,196, Average residential price: $562,664 and PPSF: $364.
  • Market Snapshot for Years 2016 vs 2015:  Average Indicators for $: Single Family +10%, Multi- Family -3% and Vacant Land -6%. Median Indicators for $: Single Family +8%, Multi- Family -1% and Vacant Land -9%.  
  • Market Analysis % Change YTD 2016 Data (7 months): Monetary volume ($104,621,918) in July was down -11% compared to July 2015. Number of transactions (215) was up 6% in July compared to July 2015. YTD 2016, monetary volume down -3% compared to YTD 2015 and transactions are also down only -3% compared to YTD 2016. There continues to be a shortage of inventory in Summit County.
  • Residential Market Sales by Price Point: Residential volume in July had 176 transactions with $90,305,771 gross volume. There were 21 properties that sold for $1M and above in July. The most active price points were between the $200K-$400K (71) range this month. There were 45 Single Family, 131 Multi-Family and 18 Vacant Land transactions in July.
  • Comparative Historical Cost Analysis ( 7 months): There were 992 residential transactions and $558,162,218 volume with 99 properties selling for a $1M and over-compared to 2015, there were 959 transactions and $519,352,800 gross volume, 89 properties at $1M and over and in 2014, there were 782 transactions with $318,435,356 gross volume, 65 properties at $1M and over.
  • Average Price History by Type (7 months): Average price for residential Single Family: $970,716, Multi- Family: $355,905 and Vacant Land: $365,083.
  • Top Lender Graph: There were 462 loans in July, 64% of the loans were related to sales, there were 137 REFI’s and 187 loans were timeshare related. 36% of the real estate closings were cash transactions.
  • Market Highlights: Please see page 10 of the Market Analysis-Higher priced sale in July (Shock Hill). There were no bank sales in July.
  • Foreclosures: There were 7 foreclosure actions in July 2016 compared to 12 in July 2015. There are only 29 foreclosure actions YTD.
  • Purchaser Profile Abstract:  Upper end purchasers totaled 22 in July. Our buyers for real estate transactions were the Front Range demographic at 34% of our market, 34% are “local” and 31% are out of state buyers (Check out the new section this month with the Out of State Buyer’s breakdown on page 15!), with 1% International. 
  • Land Title New Development Summary: This (page 16) shows all the new construction each month with 9 in July.

Screen shot 2016-08-25 at 5.03.49 PM