Market Analysis by Area for March 2017: There were 178 transactions and $123,142,000 in monetary volume. Some trends for all 18 reported areas in March: $713,812- Average transaction price, $753,769- Average residential price and $418-PPSF.
Year to Date Market Analysis (3 months): Monetary volume in 2017 totaled $286,195,674 with 432 transactions. $666,373-Average transaction price, $704,599-Average residential price and $423-PPSF.
Market Snapshot for Years 2017 vs 2016: Average Indicators for $: Single Family +30%, Multi- Family +10% and Vacant Land +14%. Median Indicators for $: Single Family +45%, Multi- Family +7% and Vacant Land +16%.
Market Analysis % Change YTD 2017: Monetary volume ($123,142,000) in March 2017 was 43% higher than March 2016. Transactions were also up at 31% from March 2016. YTD 2017, monetary volume is up by 32% and transactions are up 12% compared to YTD 2016.
Residential Market Sales by Price Point: Residential volume in March had 137 transactions with $103,266,300 gross volume. There were 33 properties that sold for $1M and above in March. The most active price point was between $300K-400K with 22 transactions. There were 46 Single Family, 91 Multi-Family and 13 Vacant Land transactions in March.
Average Price History by Type 2017: Average price for residential Single Family: $1,213,507, Multi- Family: $449,052 and Vacant Land: $403,524.
Comparative Historical Cost Analysis 2017 YTD: There were 350 residential transactions and $246,609,560 gross $ volume with 70 properties selling for a $1M and over-compared to 2016, there were 323 transactions and $189,216,250 $ gross volume, 33 properties at $1M and over. In 2015, there were 298 transactions with $159,956,800 $ gross volume, 28 properties at $1M and over.
Top Lender Graph: There were 532 loans in March, 63% (113) of the loans were related to sales, there were 133 REFI’s and 286 loans were timeshare related. 37% of the real estate closings were cash transactions.
Market Highlights: Please see page 10 of the Market Analysis- You can note the higher priced sale in March in the Sunrise Point area, One Ski Hill place topped out the highest PPSF at $1,327. There were no bank sales in March.
Foreclosures: There were 7 Foreclosure actions in March, 4 of those being timeshares.
Purchaser Profile Abstract:There were 38 upper end purchasers in March compared to 17 in February. Our buyers for real estate transactions in March were the Front Range demographic at 40% of our market, 29% are “local” and 30% are out of state buyers with barely 1% International.
Land Title New Development Summary: This (page 16) shows all the new construction each month with 20 in March compared to12 in February.