Tag Archives: market stats

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

Latest Market Stats Update – March 2018 Summary

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 March 2018 Market Stat Info:


Land Title Guarantee Co.’s February 2018 Market Analysis

February 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 February 2018: There were a total of 139 transactions and $89,403,682 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $667,143, average residential price was $710,046 and average residential PPSF was $464.
  • Year to Date Market Analysis (2 months): Monetary volume in YTD 2018 totaled $176,969,628 with 285 transactions: $643,112 average transaction price, $719,103 average residential price and average residential PPSF $458.
  • Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family +5%, Multi- Family +13% and Vacant Land -4%. Median Indicators for Single Family +9%, Multi- Family +11% and Vacant Land -14%.
  • Market Analysis % Change 2018: Monetary volume ($89,403,682) in February 2018 was up 26% from February 2017. Transactions (139) were up 20% from February 2017.  YTD 2018 monetary volume is up 9% from YTD 2017, and transactions are up 12% YTD 2018 compared to YTD 2017.
  • Residential Cost Analysis:  Residential volume in February had 112 transactions with $79,525,200 gross volume. There were 18 properties that sold for $1M and above in February. The most active price points were between $200K-$400K with 29 transactions. There were 32 Single Family, 80 Multi-Family and 14 Vacant Land transactions.
  • Average Price History by Type 2018: Average price for residential Single Family: $1,071,375, Multi- Family: $565,515 and Vacant Land: $352,114.
  • Comparative Historical Cost Analysis YTD 2018: There were 216 residential transactions and $155,326,263 gross $ volume with 35 properties selling for $1M and over-compared to 2017, there were 213 transactions and $143,343,260 gross $ volume, 37 properties at $1M and over.  In 2016, there were 209 transactions with $114,550,350 gross $ volume, 19 properties at $1M and over.
  • Top Lender Analysis February 2018: There were 370 loans in February, 56% (139) of the loans were related to sales, there were 101 REFI’s and 191 loans were timeshare related. 44% 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 February in Lomax Estates sub. in Breckenridge. This transaction was also the highest PPSF at $597. There were no bank sales in February.
  • Foreclosures:  Foreclosures continue to be flat with 6 in both February’s ( 2017 & 2018), 5 of those were fractional ownerships in 2018
  • Purchaser Profile Abstract:  There were 21 upper end sales in February. Our buyers for real estate transactions for 2018: Front Range demographic at 42% of our market, 21% are “local” and 35% are out of state buyers with 2% 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 19 in February.

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.

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.

Land Title Guarantee Co. Market Analysis Oct. 2017

October 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 October 2017: The month of October had was busy! There were a total of 332 transactions, and $213,311,500 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $666,636, average residential price was $690,970 and average residential PPSF was $441.
  • Year to Date Market Analysis ( 10 months): Monetary volume in YTD 2017 totaled $1,354,271,268 with 2147 transactions: $644,455 average transaction price, $677,874 average residential price and average residential PPSF $427. 
  • Market Snapshot for Years 2017 vs 2016:  Average Indicators for $: Single Family +16%, Multi- Family +13% and Vacant Land -3%. Median Indicators for Single Family +18%, Multi- Family +13% and Vacant Land -9%.
  • Market Analysis % Change YTD 2017: Monetary volume ($213,311,500) in October 2017 was up 43% from October 2016. Transactions (322) were up 22% from October 2016.  YTD 2017, monetary volume is up by 23% and transactions are up 7% compared to YTD 2016.
  • Residential Market Sales by Price Point: Residential volume in October had 291 transactions with $201,072,200 gross volume. There were 43 properties that sold for $1M and above in October. The most active price points were between $400K-$500K with 49 transactions. There were a higher number of transactions (21) that fell between the prices of $1M to $1.5M in October. There were 92 Single Family, 199 Multi-Family and 19 Vacant Land transactions in October.
  • Average Price History by Type 2017: Average price for residential Single Family: $1,087,922, Multi- Family: $464,760 and Vacant Land: $344,447.
  • Comparative Historical Cost Analysis 2017 YTD: There were 1810 residential transactions and $1,226,952,645 gross $ volume with 287 properties selling for $1M and over-compared to 2016, there were 1692 transactions and $964,853,906 gross $ volume, 175 properties at $1M and over.  In 2015, there were 1691 transactions with $926,899,418 gross $ volume, 164 properties at $1M and over.
  • Top Lender Graph: There were 595 loans in October 68% (218) of the loans were related to sales, there were 143 REFI’s and 234 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 October in the Shock Hill subdivision. Also, a Shock Hill property was the highest PPSF at $967. There were no bank sales in October. 
  • Foreclosures: Actions were down with 3 in October, compared to 4 in October 2016. There have been a total of 41 Foreclosure actions YTD.
  • Purchaser Profile Abstract:  There were 46 upper end sales in October. Our buyers for real estate transactions in October were approximately Front Range demographic at 46% of our market, 22% are “local” and 32% are out of state buyers with 1% International. 
  • Land Title New Development Summary: This (page 16) shows all the new construction each month, there were 33 in October compared to 23 in September. Rivers Edge Condos and Summit Sky Ranch units continued to close in October.

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:   

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.