Tag Archives: market update

Mid-January 2021 Market Stats Update

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.

A Review of Mid January 2021 Market Stats Info:

Archived Market Stats Videos


November 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.

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 2020There 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.

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

Mid-December Market Stats Update

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.

A Review of December 1st – 15th, 2020 Market Stats Info:


Archived Market Stats Videos


October 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.

October real estate in Summit County tops last months record with $360M in gross volume and 442 transactions!

  • Market Analysis by Area for October 2020: There were a total of 442 transactions and $360,036,310 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions was $836,840, average residential price was $907,528 and average residential PSF was $527.
  • YTD 2020 Market Analysis by Area (10 months): There were a total of 2123 transactions, and $1,726,919,986 in monetary volume. The average transaction price for all 18 reported areas was $834,787, average residential price was $898,740 and average residential PPF was $517.
  • Market Snapshot for FULL Years 2020 vs 2019:  Average Indicators for $: Single Family +7% change, Multi- Family +7% and Vacant Land -2%. Median Indicators for Single Family +11%, Multi- Family +10% and Vacant Land 5%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($360,036,310) in October 2020 was up 81% from October 2019. Transactions (442) were up 55% from October 2019.  YTD 2020 Monetary Volume is pacing 12% up from YTD 2019. YTD 2020 transactions are pacing 7% up to YTD 2019.
  • Residential Cost Analysis:  Residential volume in October had 364 transactions with $330,340,010 gross volume. There were 95 properties that sold for $1M and above in October.  There were 128 Single Family, 236 Multi-Family and 36 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,349,741, Multi-family: $601,687 and Vacant Land: $339,415.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: YTD 2020, there were 1725 residential transactions and $1,550,326,356 gross $ volume with 488 properties selling for over $1M. YTD 2019, there were 1554 transactions with $1,279,897,406 gross $ volume with 360 properties selling for over $1M. YTD 2018, there were 1662 transactions with $1,243,846,478 gross $ volume with 309 properties selling for over $1M.
  • Top Lender Analysis October 2020There were 738 loans in October. 322 loans were related to sales. There were 383 REFI’s and 33 loans were timeshare related. 27% 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 October 2020 in the Timber Trail area -Breckenridge at $4.800,000. The top priced PSF was in the Mountain Thunder condos – Breck at $972.
  • Foreclosures: There was one Foreclosure action in October 2020 compared to 8 in October 2019. There have been a total of 25 Foreclosure actions YTD 2020. There were no Bank sales in October.
  • Purchaser Profile Abstract:  Upper end sales were down in October with 98 compared to 115 in September. Our buyers for real estate transactions for October 2020: Front Range demographic at 45% of our market, 19% are “local” and 36% 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 28 in October.

 


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

Latest Summit County Market 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 April 2018 Market Stat Info:


March 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 March 2018: There were a total of 140 transactions and $86,558,600 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $634,408, average residential price was $697,578 and average residential PPSF was $453.
  • Year to Date Market Analysis ( 3 months): Monetary volume in YTD 2018 totaled $263,528,228 with 425 transactions: $640,232 average transaction price, $712,017 average residential price and average residential PPSF $456.
  • Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family -2%, Multi- Family +13% and Vacant Land +7%. Median Indicators for Single Family +6%, Multi- Family +12% and Vacant Land -3%.
  • Market Analysis % Change 2018: Monetary volume ($86,558,600) in March 2018 was down 30% from March 2017. Transactions (140) were down 21% from March 2017.  YTD 2018 monetary volume is down 8% from YTD 2017, and transactions are down 2% YTD 2018 compared to YTD 2017.
  • Residential Cost Analysis:  Residential volume in March had 106 transactions with $73,943,300  gross volume. There were 19 properties that sold for $1M and above in March. The most active price points were between $400K-$600K with 26 transactions. There were 42 Single Family, 64 Multi-Family and 16 Vacant Land transactions.
  • Average Price History by Type 2018: Average price for residential Single Family: $938,840, Multi- Family: $539,250 and Vacant Land: $431,800.
  • Comparative Historical Cost Analysis YTD 2018: There were 322 residential transactions and $229,269,563 gross $ volume with 54 properties selling for $1M and over-compared to 2017, there were 350 transactions and $245,609,560 gross $ volume, 70 properties at $1M and over.  In 2016, there were 323 transactions with $189,216,250 gross $ volume, 32 properties at $1M and over.
  • Top Lender Analysis March 2018: There were 435 loans in March, 70% (98) of the loans were related to sales, there were 97 REFI’s and 240 loans were timeshare related. 30% 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 March in Water Dance Subdivision in Frisco. The highest priced transaction  PPSF at $881 in Mountain Thunder Lodge in Breckenridge.
  • Foreclosures:  There were 4 Foreclosure actions in March 2018 compared to 7 Foreclosure actions in March 2017. The total YTD for the 1st quarter 2017 is 19.
  • Purchaser Profile Abstract:  There were 20 upper end sales in March. Our buyers for real estate transactions for 2018: Front Range demographic at 39% of our market, 36% are “local” and 24% are out of state buyers with 1% 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 13 in March.