Tag Archives: Summit County

June 2021 Market Stats Summary

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.

A Review of June 2021 Market Stats Info:


Archived Market Stats Videos


Below is the market analysis report for the month of May. May continued to be busy with low inventory and high demand. 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 May 2021: There were a total of 251 transactions and $268,489,073 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $1,082,579 average residential price was $1,094,995 and average residential PSF was $638.
  • Market Analysis by Area YTD 2021 (5 Months): There were a total of 1053 transactions totaling $975,157,405 in monetary volume. Average transaction price was $954,426 average residential price was $1,026,680 and average residential PPF was $620.
  • Market Snapshot for FULL Years 2021 vs 2020: Average Indicators for $: Single Family +16%, Multi- Family +14% and Vacant Land +13%. Median Indicators for Single Family +14%, Multi- Family +14% and Vacant Land +16%.
  • Market Analysis % Change YTD May 2021: Monetary volume in May 2021 was up 304% from May 2020. Transactions were up 173% from May 2020. YTD 2021 $ volume is pacing 123% up and transactions are up 82% from YTD 2020.
  • Residential Cost Analysis: Residential volume in May had 203 transactions with $222,284,061 gross volume. There were 77 properties that sold for $1M and above in May. There were 78 Single Family, 125 Multi-Family and 21 Vacant Land transactions.
  • Average Price History by Type-YTD 2021: Average price for residential Single Family: $1,607,119, Multi- Family: $690,925 and Vacant Land: $416,478.
    Comparative Historical Cost Analysis Comparison 2021-2020-2019: YTD 2021, there were 835 residential transactions and $857,278,023 gross $ volume with 279 properties selling for over $1M. In 2020, there were 462 transactions with $383,957,323 gross $ volume with 122 properties selling for over $1M. In 2019, 619 transactions with $508,087,796 gross $ volume with 141 properties selling for over $1M.
  • Top Lender Analysis May 2021: There were 467 loans in May, 154 loans were related to sales, there were 244 REFI’s and 69 loans were timeshare related. 39% 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 May 2021 in Breckenridge at $5,100,000. The top priced PSF was in Breckenridge in One Ski Hill Place at $1,754.
  • Purchaser Profile Abstract: There were 84 upper-end sales in May 2021. Our buyers for real estate transactions for May 2021: Local buyers at 24%, with the Front Range demographic at 42% and 34% are out of state buyers with 0% International. There is a graph included showing demographic trends through 2013 on page 17.

Thank you for your continued loyalty to Land Title.

Please reach out with any questions.

Brooke Roberts

 

May 2021 Market Analysis

Mid-June 2021 Market Stats Update

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.

A Review of Mid-June 2021 Market Stats Info:


Archived Market Stats Videos


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 April 2021: There were a total of 231 transactions and $217,485,200 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $972,821. The average residential price was $1,065,545  and the average residential PSF was $641.
  • Market Analysis by Area YTD 2021 (4 Months): There were a total of 802 transactions totaling $706,668,332 in monetary volume. Average transaction price was $912,781, average residential price was $1,004,737 and average residential PPF was $615.
  • Market Snapshot for FULL Years 2021 vs 2020:  Average Indicators for $: Single Family +14%, Multi- Family +12% and Vacant Land -4%. Median Indicators for Single Family +14%, Multi- Family +12% and Vacant Land +9%.
  • Market Analysis % Change YTD April 2021 (*last April 2020- Pandemic Shut Down): Monetary volume in April 2021 was up 242% from April 2020. Transactions were up 151% from April 2020.  YTD 2021 $ volume is pacing 91% up and transactions are up 65% from YTD 2020.
  • Residential Cost Analysis:  Residential volume in April had 191 transactions with $203,519,000 gross volume. There were 72 properties that sold for $1M and above in April. There were 63 Single Family, 128 Multi-Family and 13 Vacant Land transactions.
  • Average Price History by Type-YTD 2021: Average price for residential Single Family: $1,586,128, Multi- Family: $676,626 and Vacant Land: $352,941.
  • Comparative Historical Cost Analysis Comparison 2021-2020-2019: YTD 2021, there have been 632 residential transactions and $634,993,962 gross $ volume with 202 properties selling for over $1M. In 2020, there were 387 transactions with $320,514,723 gross $ volume with 102 properties selling for over $1M. In 2019, there were 443 transactions with $372,849,796 gross $ volume with 104 properties selling for over $1M.
  • Top Lender Analysis April 2021: There were 662 loans in April,157 loans were related to sales, there were 367 refis and 138 loans were timeshare related. And, 32% of the real estate closings were cash transactions.
  • Market Highlights:  Please see page 11 of the Market Analysis- Note the higher priced sale in 2021 in Breckenridge at $5,250,000. The top priced PSF was in Breckenridge in Shock Hill at $1,460.
  • Purchaser Profile Abstract:  There were 75 upper end sales in April 2021. Our buyers for real estate transactions for April 2021: Local buyers at 25%, with the Front Range demographic at 46% and 29% are out of state buyers with 0% International. There is a graph included showing demographic trends through 2013 on page 17.

Thank you for your continued loyalty to Land Title. Please reach out with any questions.

Brooke Roberts

April 2021 Market Analysis

Market Stats Update March 2021

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.

A Review of March 2021 Market Stats Info:


Archived Market Stats Videos


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 January 2021: 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,

Brooke Roberts

Market Stats Update February 2021

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.

A Review of February 2021 Market Stats Info:


Archived Market Stats Videos


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 January 2021: 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,

Brooke Roberts

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

Market Stats Update December 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 December 2020 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

Current Covid-19 Restrictions – Level Red

As of December 2, 2020 Summit County is still in Level Red. For full details about the current public health order be sure to check out summitcountyco.gov for the latest. Below are some of the key components to note as you come and spend time in Summit.

*Special Note to Short Term Rentals here. 

The Basics: Summit County Public Health Order

  1. Wear a mask in indoor spaces open to the public; wear a mask outdoors when you cannot maintain 6 feet of physical distancing.
  2. Do not gather with members of other households. Public and private gatherings are prohibited, among individuals from different households, including in private homes, lodging units and short-term rentals.
  3. Maintain at least 6 feet of distance from individuals who are not members of your immediate household.
  4. Stay home if you are sick. Do not go to your workplace or any public spaces. Only leave home to get tested or seek medical care.
  5. Get tested immediately if you have COVID-19 symptoms (fever, cough, headache, body aches, chills, diarrhea, loss of taste/smell).
  6. Restaurants are closed for indoor dining. Outdoor dining is allowed, with sale of alcohol for onsite consumption ending at 8 p.m. Onsite consumption of alcohol by employees prohibited after 8 p.m. Takeout, delivery and curbside pickup of food and beverages are allowed, with alcohol sales ending at 10 p.m.

Summit County Level Red Restrictions

Masks: Cloth face coverings are required in all indoor spaces open to the public and in all outdoor spaces where a minimum 6-foot physical distance from others can not be maintained.

Public and private gatherings: Gatherings of two or more people prohibited. The order does not prohibit gatherings of people who live together in the same residence.

High-risk populations: Stay at home.

Lodging and short term rentals: Lodging stays limited to a single household in any lodging unit, including short-term vacation rentals (STRs). A household is defined as the person or persons who live together in a single residence. The single-household limit applies to all lodging stays, including those for which reservations have already been made. Any existing reservations that include guests from two or more households must be changed or canceled to comply with the regulation. See additional guidance for owners and managers of STR properties.

Ski Areas: Ski areas must operate at reduced guest capacities. All retail, lodging and restaurant operations at resorts are subject to all closures and restrictions within the order listed for those sectors.

Restaurants: Indoor dining closed. Takeout, curbside pickup, delivery and to-go service permitted; outdoor dining allowed only with single-household groups at each table, spaced 6 feet apart. Sale of alcohol for on-premises consumption ends at 8 p.m. Takeout alcohol sales end at 10 p.m. On-premises consumption of alcohol by employees ends at 8 p.m.

Retail businesses: May operate at 50 percent of the posted occupancy limit and should offer enhanced options for curbside pickup, delivery and dedicated service hours for seniors and at-risk individuals.

Offices: 10 percent of posted occupancy limit; remote work strongly encouraged.

Gyms/fitness: 10 percent of indoor occupancy limit or 10 people per room, whichever is less; groups of 10 or less outdoors, maintaining 6 feet of distance between non-household contacts; reservations required for all services.

Organized youth and adult sports and camps: Virtual allowed; outdoors in groups of 10 or less, with 6 feet of distance between non-household contacts.

Personal services: 25 percent of posted occupancy limit or 25 people, whichever is less.

Schools: In-person learning suggested for preschool through fifth grade; in-person, hybrid or remote learning suggested for middle school; hybrid or remote suggested for high school.

Higher education: Remote suggested, limited in-person learning when necessary.

Child care: Open, with standard ratios.

Houses of worship and life rites: Operate at 25 percent of posted occupancy limit or 50 attendees, whichever is less.

Additional details on Level Red restrictions are available on the CDPHE website.

Mid-November 2020 Market Stats Update

A Review of Mid-November 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

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

Mountain Events: Oct. 30 – Nov. 1

Friday, October 30th

Halloween Dog Parade & Activities: 3p – 5p Summit County Animal Shelter

Breckenridge Haunted Tour: 7:30p Breckenridge Heritage Alliance

Saturday, October 31st 

Women of Bill’s Ranch Historic Walking Tour: 10a Frisco Historic Museum

Grim Stories of Summit County: 2p on Zoom

Sunday, November 1st 

Take-And_Make Craft for Juniors: Yarn Wrapped Turkey: email your local branch for craft pack

Take-And-Make Craft for Adults – Yarn Pumpkin Garland; email your local branch for craft pack

Mucky Buddies: 10a – 12p Riverwalk Center, Breckenridge

Canceled Trick-or-Treat on Main Street in Frisco