Tag Archives: Real Estate

Market Stats Update for October 2020

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 October 2020 Market Stats Info:

Archived Market Stats Videos


September 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.

September 2020 real estate volume hit a new benchmark with $344M in gross volume with 384 transactions. When we were looking back to the very beginning of the Summit County record keeping back in 1987, there is no month that comes close to this September gross volume. The entire year of 1995 had the gross volume total of $339M.

  • Market Analysis by Area for September 2020: There were a total of 384 transactions and $344,080,274 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions was $917,731, average residential price was $1,001,195 and average residential PSF was $524.
  • YTD 2020 Market Analysis by Area (9 months): There were a total of 1681 transactions, and $1,366,883,676 in monetary volume. The average transaction price for all 18 reported areas was $834,249, average residential price was $896,390 and average residential PPF was $515.
  • Market Snapshot for FULL Years 2020 vs 2019:  Average Indicators for $: Single Family +4% change, Multi- Family +8% and Vacant Land -8%. Median Indicators for Single Family +7%, Multi- Family +11% and Vacant Land -3%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($344,080,274) in September 2020 was up 87% from September 2019. Transactions (384) were up 57% from September 2019.  YTD 2020 Monetary Volume is pacing 1% up from YTD 2019. YTD 2020 transactions are pacing now only 1% down to YTD 2019.
  • Residential Cost Analysis:  Residential volume in September had 310 transactions with $310,370,535 gross volume. There were 107 properties that sold for $1M and above in September  There were 133 Single Family, 177 Multi-Family and 31 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,313,710, Multi-family: $607,276 and Vacant Land: $318,064.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: YTD 2020, there were 1361 residential transactions and $1,219,986,346 gross $ volume with 393 properties selling for over $1M. YTD 2019, there were 1342 transactions with $1,119,758,156 gross $ volume with 312 properties selling for over $1M. YTD 2018, there were 1469 transactions with $1,085,876,278 gross $ volume with 272 properties selling for over $1M.
  • Top Lender Analysis September 2020There were 748 loans in September. 255 loans were related to sales. There were 373  REFI’s and 120 loans were timeshare related. 34% 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 September 2020 in the Shock Hill area -Breckenridge at $7,000,000.The top priced PSF was in the One Breckenridge Place condos – Breck at $1,187.
  • Foreclosures: There were 3 Foreclosure actions in September ( all were timeshares), compared to 7 in September. There have been a total of 24 Foreclosure actions YTD 2020. There were no Bank sales in September.
  • Purchaser Profile Abstract:  Upper end sales were up again in September with 115 compared to 87 in August. Our buyers for real estate transactions for September 2020: Front Range demographic at 45% of our market, 15% are “local” and 39% 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 15 in September.

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

Mid-October 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-October 2020 Market Stats Info:

Archived Market Stats Videos


August 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.

  • Market Analysis by Area for August 2020: There were a total of 368 transactions ( the highest # of transactions since we have been tracking for the past 15 years!) and $293,252,195 in monetary volume ( which is also excellent!). The average transaction price for all 18 reported areas, plus Deed Restricted transactions was $807,194, average residential price was $901,820 and average residential PSF was $512.
  • YTD 2020 Market Analysis by Area (8 months): There were a total of 1297 transactions, and $1,022,803,402 in monetary volume. The average transaction price for all 18 reported areas was $809,521, average residential price was $865,477 and average residential PPF was $512.
  • Market Snapshot for FULL Years 2020 vs 2019:  Average Indicators for $: Single Family 0% change, Multi- Family +7% and Vacant Land -12%. Median Indicators for Single Family  3%, Multi- Family +9% and Vacant Land -6%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($293,252,195) in August 2020 was up 23% from August 2019. Transactions (368) were up 41% from August 2019.  YTD 2020 Monetary Volume is pacing now only 12% down from YTD 2019. YTD 2020 transactions are pacing now only 11% down to YTD 2019.
  • Residential Cost Analysis:  Residential volume in August had 305 transactions with $275,055,180 gross volume. There were 86 properties that sold for $1M and above in August.  There were 130 Single Family, 175 Multi-Family and 35 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,258,617, Multi- Family: $599,621 and Vacant Land: $302,364.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: In 2020, there were 1051 residential transactions and $909,615,811 gross $ volume with 286 properties selling for over $1M. In 2019, there were 1142 transactions with $951,106,756 gross $ volume with 263 properties selling for over $1M. In 2018, there were 1273 transactions with $943,799,378 gross $ volume with 234 properties selling for over $1M.
  • Top Lender Analysis August 2020There were 645 loans in August. 248 loans were related to sales. There were 299 REFI’s and 98 loans were timeshare related. 33% 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 August 2020 in the Timber Trail area in Breckenridge at $5,350,000.The top priced PSF was in the Shock Hill area at $1,139
  • Foreclosures: There were 8 foreclosure actions in August ( 6 were timeshares), compared to 2 in August 2019. There have been a total of 21 Foreclosure actions YTD 2020. There were no Bank sales in August.
  • Purchaser Profile Abstract:  Upper end sales were significantly up in August with 87 compared to 57 in July. Our buyers for real estate transactions for August 2020: Front Range demographic at 51% of our market, 19% are “local” and 30% 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 13 in August

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

Latest Summit County 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 monthly video series and information compiled by the Land Title Guarantee Company.

A Review of October 2019 Market Stats Info:


September 2019 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 2019: There were a total of 245 transactions and $183,940,073 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $782,069, average residential price was $843,257 and average residential PSF was $491.
  • Market Analysis by Area YTD 2019 -9 Months: There was a total of $1,349,672,510 with 1696 transactions. The average transaction price was $826,565, the average residential price was $834,395 and the average PPSF was $497.
  • Market Snapshot for Years 2019 vs 2018:  Average Indicators for $: Single Family +14%, Multi- Family +8% and Vacant Land -12%. Median Indicators for Single Family +8%, Multi- Family +10% and Vacant Land -14%.
  • Market Analysis % Change 2019: Monetary volume ($183,940,073) in September 2019 was up 14% from September 2018. Transactions (245) were down 5% in from September 2018.  YTD 2019 Monetary Volume is pacing 6% ahead of YTD September 2018, and transactions are down 9%.
  • Residential Cost Analysis:  Residential volume in September had 200 transactions with $168,651,400 gross volume. There were 49 properties that sold for $1M and above in September.  There were 80 Single Family, 120 Multi-Family and 14 Vacant Land transactions.
  • Average Price History by Type- YTD September 2019: Average price for residential Single Family: $1,301,391, Multi- Family: $563,218 and Vacant Land: $323,362
  • Comparative Historical Cost Analysis Comparison 2019-2018 -2017 YTD. YTD 2019, there were 1342 residential transactions and $1,119,758,156 gross $ volume with 312 properties selling for over $1M. YTD 2018, there were 1469 transactions with $1,085,876,278 gross $ volume with 272 properties selling for over $1M. YTD 2017, there were 1519 transactions with $1,025,880,445 with 244 properties selling for over $1M.
  • Top Lender Analysis September 2019: There were 634 loans in September. 174 loans were related to sales, there were 198 REFI’s and 262 loans were timeshare related. 29% 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 September 2019 in the Shock Hill area in Breckenridge at $4,575,000. The top priced PSF was in the Cottages at Shock Hill at $1,036.
  • Foreclosures: There were no Bank sales in September YTD, Foreclosures are up slightly with 7 new actions in September, compared to 6 in September 2018. Most of the Foreclosure actions are Timeshare related. There have been 34 Foreclosure actions this year.
  • Purchaser Profile Abstract:  There were 51 upper end sales in September 2019 compared to 60 in August  Our buyers for real estate transactions for September 2019: Front Range demographic at 43% of our market, 29% are “local” and 28% are out of state buyers with 0% International. Please note 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 11 in September compared to 16 in August.
*this month’s report is the 2nd Quarter Mountain Report. This report compares Summit County to the six other Colorado resort markets of  Garfield, Grand, Pitkin, Routt, San Miguel and Eagle County

Land Title Guarantee Company April 2019 Market Analysis
Land Title Guarantee Company March 2019 Market Analysis
1st Quarter 2019 Commercial Summit Sales
1st Quarter 2019 Mountain Resort Report


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

Open House in Dillon, CO Today!

Open House Today!

311 W La Bonte #202
Dillon, CO 80435 

Friday, April 5th *
1:00pm – 5:00pm
*Subject to change, check facebook events for confirmation

311 W La Bonte #202
Dillon, CO 80435

  • $419,000
  • 1 bed/ 1 bath
  • 672 sq.ft.
  • End-unit
  • mostly furnished
  • Located right on Lake Dillon
  • Pool & Hot tub on site
  • surface parking
  • Ski locker

Contact me for more information: 

2018 Workforce Housing Business Assistance Program

Success for local businesses is directly related to having qualified, reliable employees. Many local employers struggle to find, hire and retain employees due to the difficulty in finding housing. Furthermore, many employees leave the County because it is too difficult to make ends meet.

The Town of Silverthorne has created the Workforce Housing Business Assistance Program to promote the creation of new long-term workforce housing inventory. The Workforce Housing Business Assistance Program provides incentives to businesses to help fund the addition of employee units to the local workforce housing stock.

The Town will consider Workforce Housing Development Assistance to Silverthorne businesses that undertake capital investments that bring additional unit(s) of deed restricted, workforce housing to the County.

To finish learning more about this program the Town of Silverthorne has put together check out the application here.

Description
Application 

 

Alma, CO Land Lot For Sale

FOR SALE

$58,500
275 Mine Dump Rd.
Alma, CO 80420
(Placer Valley)


  •  0.99 acres
  • Seasonal Creek North Side of Property
  • Tree Coverage for privacy
  • Unimproved

This .99 acres lot located in beautiful Placer Valley in Alma, CO is the perfect blank canvas. With a seasonal creek on the north side of the property and no improvements this lot can be the start to your own mountain dreams. Not to mention the trees with help keep your piece of Alma private. There is abundant wildlife including moose seen on the property frequently. This lot is just a short drive to the town of Alma and only 18 miles from Main Street Breckenridge!



For more information about this listing please contact me:

Skinner Team and KW

Price Drop – Motivated Seller

FOR SALE

PRICE DROP – MOTIVATED SELLER
$765,000

$775,000
Town Centre Condos
116 S 5th Ave. #13
Frisco, CO 80443


  • $775,000.00
  • 2 Bed/ 2 Bath
  • 1,070 sq.ft.
  • Detached Two Car Garage
  • Built 2014
  • Personal Elevator
  • Top floor unit
  • HOA $265 per month and includes cable Tv, Common Area Maintenance, Common Taxes, Gas, Heat, Internet / Wi-Fi, Snow Removal, Trash Pickup, Water / Sewer
    Sold unfurnished

This is the place you have been waiting for! This beautiful 2 bed, 2 bath condo is less than a block from Frisco’s Main Street, decked out with high end finishes and your own personal elevator. Not to mention it has a 2 car garage! It’s perfect home or investment property. It is centrally located to all 5 Summit County ski areas, steps from the Summit Stage bus stop, & in the heart of Frisco. It’s location makes this the perfect summer and winter getaway. This property is marvelously maintained.



*Tour coming soon!


For more information about this listing please contact me:

Skinner Team and KW

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.

Under Contract – Dillon, CO Duplex

Under Contract

$400,000
3 Bed/ 2 Bath Duplex
425A Straight Creek Dr.
Dillon, CO 80435
MLS: S1007182

This 3 bed, 2 bath duplex is the perfect starter home or investment property! With a 1 car garage there is plenty of room to store your adventure gear, and keep your car out of the snow. There is also plenty of parking in the driveway. There is a large backyard and great views of the Ten Mile Range. The exterior has a newer roof and fresh paint. The main floor has an open floor plan with an amazing fireplace and retro kitchen. This duplex is not only well kept, but has a ton of potential!


  • $400,000
  • 3 Bedroom / 2 Full Bathrooms
  • 1-Car Garage
  • Beautiful Views from Deck
  • Large Private Backyard
  • Long Driveway with Tons of Parking
  • Dillon is just a short drive from 5 world-class ski resorts, and close to great shops and restaurants!

Text 30530 to 46835 for pictures and more information

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For more information on listing your home or real estate in Summit County in general please contact me!

Upcoming Open House, Saturday Nov. 11th

Open House – Saturday, November 11th

11:30am – 3:30pm
42 Snowflake Drive #601
Breckenridge, CO 80424

Come say hi to Molly and see this incredible ski in/ski out condo in Breckenridge! After hitting the slopes at opening weekend in Breckenridge come see this great 4 bedroom, 4.5 bathroom condo right off the hill!

  • $2,499,000
  • 4 bedrooms / 4.5 bathrooms
  • 2,390 sq.ft.
  • Beautiful views
  • True ski in / ski out
  • Sold fully furnished
  • HOA dues are $6,334 /Qr. and include cable tv, club membership, common area maintenance, common taxes, electric, gas, insurance, internet/wifi, phone, security, management, snow removal, trash pick up, water/sewer.

“True ski in/ski out!” If you need… size almost 2,400 sq.ft., no stairs on level, 2 decks with majestic mountain views, media room, private laundry, heated parking (2 spaces) and storage for adventure toys, exercise facility, kids game room, outdoor pool with two in ground spas, front desk, meeting rooms, security on site, and a free shuttle service to restaurants and retail shops…this unit is for you!

Saturday, November 11, 2017
11:30am – 3:30pm
42 Snowflake Drive #601
Breckenridge, CO 80424

For more information on this open house or any of your real estate needs please contact us!