Tag Archives: The Skinner Team

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

The New Skinner Team Buyer Specialist, Danielle Connor

Congratulations to Danielle Connor, The Skinner Team’s new Buyer Specialist!

Danielle has been the Team’s transaction manager, but is excited for her next steps in Colorado Real Estate! Learn more with Anne and Danielle!

Merry Christmas!

Merry Christmas and Happy Holidays from The Skinner Team! We wish you and your loved ones a wonderful holiday season.

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

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

Market Stats Update May 15th, 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 monthly video series and information compiled by the Land Title Guarantee Company.

As Summit County and Colorado are under Public Health Orders to combat the Coronavirus, The Skinner Team will be doing weekly market stats updates to follow the trends to see if and when a shift may take place.

A Review of 5/3-5/9 Market Stats Info:



March 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.

The COVID-19 Pandemic in Summit County Impact began on March 15, 2020 with the immediate mandate on the ski area closures.

  • Market Analysis by Area for March 2020: There were a total of 133 transactions and $99,852,065 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $777,206 average residential price was $902,364 and average residential PSF was $534.
  • YTD 2020 Market Analysis by Area (3 months): There were a total of 393 transactions, and $306,893,935 in monetary volume. The average transaction price for all 18 reported areas is $797,802, average residential price was $859,107 and average residential PPF was $530.
  • Market Snapshot for FULL Years 2019 vs 2018:  Average Indicators for $: Single Family -1%, Multi- Family +7% and Vacant Land -7%. Median Indicators for Single Family +2%, Multi- Family +9% and Vacant Land -10%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($99,852,065) in March 2020 was down  2% from March 2019. Transactions (133) were down 1% from March 2019.  YTD 2020 Monetary Volume is pacing 4% down from YTD 2019. YTD 2020 transactions are pacing 3% down to YTD 2019.
  • Residential Cost Analysis:  Residential volume in March had 100 transactions with $90,236,400 gross volume. There were 29 properties that sold for $1M and above in March. There were 40 Single Family, 60 Multi-Family and 15 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,256,581, Multi- Family: $596,261 and Vacant Land: $320,903.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: In 2020, there were 309 residential transactions and $265,464,100 gross $ volume with 87 properties selling for over $1M. In 2019, there were 309 transactions with $256,406,796 gross $ volume with 69 properties selling for over $1M. In 2018, there were 322 transactions with $229,269,563 gross $ volume with 54 properties selling for over $1M.
  • Top Lender Analysis March 2020There were 490 loans in March. 78 loans were related to sales, there were 199 REFI’s and 213 loans were timeshare related. 42% 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 March 2020 in the Shock Hill area in Breckenridge at $4,600,000. The top priced PSF was in a Four O’Clock Condo in Breckenridge at $1,317.
  • Foreclosures: There were 2 foreclosure actions in March. YTD 2020, there are 8 Foreclosure actions.
  • Purchaser Profile Abstract:  Upper end sales were at 29 in March compared to 34 in February. Our buyers for real estate transactions for March 2020: Front Range demographic at 44% of our market, 23% are “local” and 33% 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 March.

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

Market Stats Update – May 1, 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 monthly video series and information compiled by the Land Title Guarantee Company.

As Summit County and Colorado are under Public Health Orders to combat the Coronavirus, The Skinner Team will be doing weekly market stats updates to follow the trends to see if and when a shift may take place.

A Review of 4/19 – 4/25 Market Stats Info:



March 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.

The COVID-19 Pandemic in Summit County Impact began on March 15, 2020 with the immediate mandate on the ski area closures.

  • Market Analysis by Area for March 2020: There were a total of 133 transactions and $99,852,065 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $777,206 average residential price was $902,364 and average residential PSF was $534.
  • YTD 2020 Market Analysis by Area (3 months): There were a total of 393 transactions, and $306,893,935 in monetary volume. The average transaction price for all 18 reported areas is $797,802, average residential price was $859,107 and average residential PPF was $530.
  • Market Snapshot for FULL Years 2019 vs 2018:  Average Indicators for $: Single Family -1%, Multi- Family +7% and Vacant Land -7%. Median Indicators for Single Family +2%, Multi- Family +9% and Vacant Land -10%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($99,852,065) in March 2020 was down  2% from March 2019. Transactions (133) were down 1% from March 2019.  YTD 2020 Monetary Volume is pacing 4% down from YTD 2019. YTD 2020 transactions are pacing 3% down to YTD 2019.
  • Residential Cost Analysis:  Residential volume in March had 100 transactions with $90,236,400 gross volume. There were 29 properties that sold for $1M and above in March. There were 40 Single Family, 60 Multi-Family and 15 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,256,581, Multi- Family: $596,261 and Vacant Land: $320,903.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: In 2020, there were 309 residential transactions and $265,464,100 gross $ volume with 87 properties selling for over $1M. In 2019, there were 309 transactions with $256,406,796 gross $ volume with 69 properties selling for over $1M. In 2018, there were 322 transactions with $229,269,563 gross $ volume with 54 properties selling for over $1M.
  • Top Lender Analysis March 2020There were 490 loans in March. 78 loans were related to sales, there were 199 REFI’s and 213 loans were timeshare related. 42% 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 March 2020 in the Shock Hill area in Breckenridge at $4,600,000. The top priced PSF was in a Four O’Clock Condo in Breckenridge at $1,317.
  • Foreclosures: There were 2 foreclosure actions in March. YTD 2020, there are 8 Foreclosure actions.
  • Purchaser Profile Abstract:  Upper end sales were at 29 in March compared to 34 in February. Our buyers for real estate transactions for March 2020: Front Range demographic at 44% of our market, 23% are “local” and 33% 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 March.

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

Market Stats Update for 3/28 – 4/4/2020

Here is where you can find all the latest info on the Summit County, CO market from Anne of The Skinner Team. Including our monthly video series and information compiled by the Land Title Guarantee Company.

As Summit County and Colorado are under Public Health Orders to combat the Coronavirus, The Skinner Team will be doing weekly market stats updates to follow the trends to see if and when a shift may take place.

A Review of 3/28 – 4/4 and March 2020 Market Stats Info:

 



February 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 February 2020: There were a total of 126 transactions and $108,221,070 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $876,008, average residential price was $891,138 and average residential PSF was $544.
  • YTD 2020 Market Analysis by Area ( 2 months): There were a total of 260 transactions, and $207,041,870 in monetary volume. The average transaction price for all 18 reported areas is $808,100, average residential price was $838,410 and average residential PPF was $528.
  • Market Snapshot for FULL Years 2019 vs 2018:  Average Indicators for $: Single Family -5%, Multi- Family +7% and Vacant Land -2%. Median Indicators for Single Family +2%, Multi- Family +4% and Vacant Land -3%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($108,221,070) in February 2020 was up 3% from February 2019. Transactions (126) were down 5% from February 2019.
  • Residential Cost Analysis:  Residential volume in February had 98 transactions with $87,331,500 gross volume. There were 30 properties that sold for $1M and above in February. There were 42 Single Family, 56 Multi-Family and 8 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,338,033, Multi- Family: $555,966 and Vacant Land: $490,938.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: In 2020, there were 209 residential transactions and $175,227,700 gross $ volume with 58 properties selling for over $1M. In 2019, there were 211 transactions with $172,639,219 gross $ volume with 48 properties selling for over $1M. In 2018, there were 216 transactions with $155,326,263 gross $ volume with 35  properties selling for over $1M.
  • Top Lender Analysis February 2020There were 431 loans in February. 74 loans were related to sales, there were 163 REFI’s and 194 loans were timeshare related. 41% 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 February 2020 in Breckenridge at $4,600,000. The top priced PSF was Beaver Run in Breckenridge at $973.
  • Foreclosures: There were 6 foreclosure actions ( 4 were Timeshares).
  • Purchaser Profile Abstract:  Upper end sales were up a bit with 34 in February compared to 32 in January. Our buyers for real estate transactions for February 2020: Front Range demographic at 49% of our market, 26% are “local” and 25% 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 February.

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

Community Resources – Aid, Donations, Volunteering

There’s a lot happening to our mountain communities that we call home because of Covid-19 right now, including Summit County. If you are looking for ways to donate or volunteer during this time of crisis here are a few organizations helping organize efforts to support the community. 

Statewide Information: covid19.colorado.gov
Food, Medication & Mental Health Resources: 970-668-2940
Coronavirus/Covid-19 Help Line: 303-389-1687
Summit County Public Health Order Infromation: 970-668-9730
Mental Health Crisis: 844-493-TALK

SUMMIT EMERGENCY RESPONSE 3.25.20

 

Virtually Tour – 100 Cove Blvd. Unit I

FOR SALE 

$293,000
100 Cove Blvd. Unit I
Dillon, CO 80435 


Call the mountains home year round in this updated and efficient Timber Lodge at Lake Dillon condo! This bright 1 bd, 1 ba condo has nice updates throughout including high end flooring, and a completely redone bathroom with new tile, vanity and more! Located right on the Summit Stage bus stop for easy access to all that Summit County has to offer. Not to mention, it’s right near Lake Dillon for your summer activities and centrally located to all 5 world class ski resorts. With low HOA dues and great location, this property is perfect for year round living or as an affordable mountain retreat!


  • 1 bedroom/ 1 bathroom
  • 467 sq.ft.
  • Nice updates throughout including a remodeled and updated bathroom
  • Located right near the Summit Stage Bus Stop
  • Centrally located to all 5 ski resorts
  • Located Near Lake Dillon
  • Views of Buffalo Mountain
  • Low HOA Dues: $168.31 per month and includes, trash, snow removal, common maintenance.

Imagine the Space:

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Listing Video:


For your private showing or more information please contact me:

Skinner Team and KW