Tag Archives: update

Market Stats Update July 19th – 25th, 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 7/19 – 7/25 Market Stats Info:

Archived Market Stats Videos


May 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. In April 2020, a Shelter in Place ordinance in Colorado occurred in order to contain the COVID-19 locally and statewide. The Safer at Home ordinance took effect on April 26, 2020 in Colorado. On May 27, local restaurants and various other establishments began to slowly open their doors with limited capacity. Short Term Lodging was not allowed until June 1, 2020.

  • Market Analysis by Area for May 2020: There were a total of 92 transactions and $66,469,300 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $759,972, average residential price was $845,901 and average residential PSF was $490.
  • YTD 2020 Market Analysis by Area (5 months): There were a total of 577 transactions, and $436,895,228 in monetary volume. The average transaction price for all 18 reported areas is $776,844, average residential price was $831,076 and average residential PPF was $523.
  • Market Snapshot for FULL Years 2019 vs 2018:  Average Indicators for $: Single Family -6%, Multi- Family +8% and Vacant Land -12%. Median Indicators for Single Family +0%, Multi- Family +9% and Vacant Land -11%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($66,469,300) in May 2020 was down 58% from May 2019. Transactions (92) were down 59% from May 2019.  YTD 2020 Monetary Volume is pacing 31% down from YTD 2019. YTD 2020 transactions are pacing 27% down to YTD 2019.
  • Residential Cost Analysis:  Residential volume in May had 75 transactions with $63,442,600 gross volume. There were 20 properties that sold for $1M and above in May.  There were 34 Single Family, 41 Multi-Family and 5 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,191,837, Multi- Family: $602,892 and Vacant Land: $303,863.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: In 2020, there were 462 residential transactions and $383,957,323 gross $ volume with 122 properties selling for over $1M. In 2019, there were 619 transactions with $508,087,796 gross $ volume with 141 properties selling for over $1M. In 2018, there were 642 transactions with $457,925,484 gross $ volume with 104 properties selling for over $1M.
  • Top Lender Analysis May 2020There were 508 loans in May. 68 loans were related to sales, there were 327 REFI’s and 113 loans were timeshare related. 26% 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 2020 in the Eagles Nest Golf Course area in Silverthorne at $2,285,800 The top priced PSF was in Breckenridge at $894.
  • Foreclosures: There were no foreclosure actions in May, only 10 so far in 2020.. There were no Bank sales in May.
  • Purchaser Profile Abstract:  Upper end sales were at 20 in May compared to 18 in April. Our buyers for real estate transactions for May 2020: Front Range demographic at 46% of our market, 33% are “local” and 22% 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 17 in May.

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

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

New Market Stats Update

The latest market stats update from Anne and Molly is available! 

November Market Stats 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 November 2018 Market Stats Info:


October 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 October 2018: There were a total of 236 transactions and $182,673,300 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $812,344, average residential price was $818,498 and average residential PSF was $481.
  • Year to Date Market Analysis ( 10 months): Monetary volume in YTD 2018 totaled $1,451,784,955 with 2102 transactions: $717,060 average transaction price, $748,403 average residential price and average residential PSF $469.
  • Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family +5%, Multi- Family +9% and Vacant Land +14%. Median Indicators for Single Family +7%, Multi- Family +10% and Vacant Land +18%.
  • Market Analysis % Change 2018: Monetary volume ($182,673,300) in October 2018 was down 14% from October 2017. Transactions (236) were down 27% from October 2017.  YTD 2018 monetary volume is up 7% from YTD 2017, and transactions are now down 2% YTD 2018 compared to YTD 2017.
  • Residential Cost Analysis:  Residential volume in October had 193 transactions with $157,970,200 gross volume. There were 37 properties that sold for $1M and above in October.  The most active price points were between $300K-$500K with 60 transactions. There were also quite a few transactions in October between the price points of $500K-$600K with 28 transactions. There were 75 Single Family, 118 Multi-Family and 12 Vacant Land transactions.
  • Average Price History by Type 2018: Average price for residential Single Family: $1,298,937, Multi- Family: $513,135 and Vacant Land: $367,042.
  • Comparative Historical Cost Analysis YTD 2018: There were 1662 residential transactions and $1,243,846,478 gross $ volume with 309 properties selling for $1M and over. YTD 2017, there were 1810 residential transactions and $1,226,952,645 gross $ volume with 287 properties selling for over $1M. YTD 2016, there were 1692 transactions with $964,853,906 gross $ volume with 175 properties selling for over $1M.
  • Top Lender Analysis October 2018: There were 529 loans in October. 72% of purchasers closing with financing at the time of the sale, there were 110 REFI’s and 248 loans were timeshare related. 28% 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 October in the Shock Hill area at $4,091,500. The top priced PSF in the Village at Breckenridge at $961.
  • Foreclosures:  There were 4 Foreclosure actions taken in October compared to 3 last October 2017.
  • Purchaser Profile Abstract:  There were 41 upper end sales in October 2018 compared to 40 in September 2018. Our buyers for real estate transactions for 2018: Front Range demographic at 42% of our market, 28% are “local” and 31% 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 22 in October.

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

Latest Market Stats Update for October 2018

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

A Review of October 2018 Market Stats Info:


September 2018 Market Analysis

Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office for that particular month. The information is not directly related to MLS data. The data is an unofficial tabulation of Summit County Records that are believed to be reasonably accurate. If you choose to utilize this marketing information in any publications or websites, please make sure you are quoting Land Title as your source. You are welcome to utilize this link within your own websites.

  • Market Analysis by Area for September 2018: There were a total of 259 transactions and $161,902,700 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $656,093, average residential price was $724,882 and average residential PSF was $478.
  • Year to Date Market Analysis ( 9 months): Monetary volume in YTD 2018 totaled $1,262,111,655 with 1866 transactions: $705,136 average transaction price, $739,194 average residential price and average residential PSF $467.
  • Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family +3%, Multi- Family +9% and Vacant Land +14%. Median Indicators for Single Family +6%, Multi- Family +8% and Vacant Land +16%.
  • Market Analysis % Change 2018: Monetary volume ($161,902,700) in September 2018 was up only 1% from September 2017. Transactions (259) were up 4% from September 2017.  YTD 2018 monetary volume is up 11% from YTD 2017, and transactions are up 2% YTD 2018 compared to YTD 2017.
  • Residential Cost Analysis:  Residential volume in September had 196 transactions with $142,076,900 gross volume. There were 38 properties that sold for $1M and above in September The most active price points were between $300K-$500K with 58 transactions. There were 78 Single Family, 118 Multi-Family and 18 Vacant Land transactions.
  • Average Price History by Type 2018: Average price for residential Single Family: $1,029,123, Multi- Family: $523,774 and Vacant Land: $318,444.
  • Comparative Historical Cost Analysis YTD 2018: There were 1469 residential transactions and $1,085,876,278 gross $ volume with 272  properties selling for $1M and over.
  • Top Lender Analysis September 2018: There were 552 loans in September, 74% of purchasers closing with financing at the time of the sale, there were 82 REFI’s and 278 loans were timeshare related. 26% of the real estate closings were cash transactions.
  • Market Highlights: Please see page 11 of the Market Analysis- You can note the higher priced sale in September in the Woodmor area at $4,030,000. The top priced PSF in the Main Street Station Condos at $1,056.
  • Foreclosures:  There were 6 Foreclosure actions taken in September compared to 3 last September 2017.
  • Purchaser Profile Abstract:  There were 40 upper end sales in September 2018 compared to 61 in August 2018. Our buyers for real estate transactions for 2018: Front Range demographic at 41% of our market, 35% are “local” and 23% are out of state buyers with 0% International. Please note a new page 17 comparing demographics of our buyers through 2013.
  • Land Title New Development Summary: This (page 18) shows all the new construction each month, there were 26 in September compared to 40 in August.

Land Title Guarantee Company September 2018 Market Analysis 


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