Market Stats
SUMMIT COUNTY
MARKET STATS
Here is where you can find all the latest info on the Summit County, CO market from Anne Skinner with The Skinner Team. This video covers Market Stats from September 2023 and information compiled by the Land Title Guarantee Company for stats from the month of September 2023.
Summit County Real Estate picked up in February with both gross volume and transactions being stronger than last year at this time. Cash sales were the highest yet.
Summit County Highlights for February 2024:
- Market Analysis by Area for February 2024: There were a total of 123 transactions and $166,088,970 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $1,396,290. The average residential price was $1,468,706 and the average residential PPSF was $818.
- Market Analysis by Area YTD 2024 (2 months): There were a total of 198 transactions and $253,909,020 in monetary volume. The average transaction price for all 18 areas, plus Deed Restricted transactions, was $1,321,852, average transaction price was $1,431,970 and average residential PPSF was $817.
- Market Snapshot for YTD 2024 vs YTD 2023: Average indicators for $: Single Family +24%, Multi- Family +5% and Vacant Land -34%. Median indicators for Single Family +28%, Multi- Family -9% and Vacant Land -57%.
- Market Analysis % Change 2024: Monetary volume in February 2024 was up 41% and transactions were up 35% from February 2023. YTD 2024, transactions are up 35% and $ is 28% from YTD 2023.
- Residential Cost Analysis: Residential volume in February had 95 transactions with $139,527,070 gross volume. There were 48 properties that sold for $1M and above in February. There were 25 Single Family, 70 Multi-Family and 6 Vacant Land transactions in February.
- Average Price History by Type Full Year 2023: Average price for residential Single Family: $2,595,079, Multi- Family: $1,002,353 and Vacant Land: $449,650.
- Comparative Historical Cost Analysis Comparison YTD 2024-2023-2022: In 2024, there were 152 transactions with $217,659,420 gross monetary volume with 78 properties selling for over $1M. In 2023, there were 128 transactions with $172,273,274 gross $ volume with 55 properties selling for over $1M. In 2022, there were 182 transactions with $251,676,353 gross $ volume with 91 properties selling for over $1M.
- Top Lender Analysis February: There were a total of 280 loans, 53 loans related to sales, 35 REFI’s and 192 timeshare loans with 57% of real estate deals closing with cash.
- Purchaser Profile Abstract: There were 50 upper end sales, compared to 33 last month (Note: Uptown 240 in Dillon sold to the new owner) and 33 new unit sales, (Sky Walk Flats) closed. Our buyers for real estate transactions YTD February, Local buyers 35%, Front Range demographic at 31% and 33% were out-of-state buyers. International buyers were at 1%.
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.
35 Year Residential Average Price Housing Index - Summit County
35 year residential Appreciations Rates
