Breckenridge and Summit County Real Estate Trends

Oct. 30, 2018

September 2018 Market Analysis


Land Title Guarantee Company September 2018 Market Analysis 

 

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 

Posted in Market Updates
Oct. 22, 2018

July 2018 Market Analysis

July 2018 Market Analysis

Market Analysis by Area for July 2018: There were a total of 211 transactions and $151,066,431 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $750,087, average residential price was $818,589 and average residential PPSF was $475.

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  • Year to Date Market Analysis ( 7 months): Monetary volume in YTD 2018 totaled $871,481,096 with 1288 transactions: $696,339 average transaction price, $726,883 average residential price and average residential PPSF $462.
  • Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family +2%, Multi- Family +8% and Vacant Land +13%. Median Indicators for Single Family +7%, Multi- Family +8% and Vacant Land +8%.
  • Market Analysis % Change 2018: Monetary volume ($151,066,431) in July 2018 was up 2% from July 2017. Transactions (211) were down 17% from July 2017.  YTD 2018 monetary volume is up 7% from YTD 2017, and transactions are down/flat 1% YTD 2018 compared to YTD 2017.
  • Residential Cost Analysis:  Residential volume in July had 167 transactions with $136,704,300 gross volume. There were 36 properties that sold for $1M and above in July. The most active price points were between $300K-$500K with 51 transactions. There were 63 Single Family, 104 Multi-Family and 12 Vacant Land transactions.
  • Average Price History by Type 2018: Average price for residential Single Family: $1,291,659, Multi- Family: $532,017 and Vacant Land: $387,075.
  • Comparative Historical Cost Analysis YTD 2018: There were 1023 residential transactions and $743,601,484 gross $ volume with 179 properties selling for $1M and over-compared to 2017, there were 1082 transactions and $726,968,345 gross $ volume, 170 properties at $1M and over.  In 2016, there were 992 transactions with $558,162,218 gross $ volume, 99 properties at $1M and over. 
  • Top Lender Analysis July 2018: There were 531 loans in July, 64% (135) of the loans were related to sales, there were 119 REFI's and 277 loans were timeshare related. 36% 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 July in the Shock Hill area at $4.7M. The top priced PSF in the Breckenridge at Liftside Condos at $956.
  • Foreclosures:  There were 2 Foreclosure action in July compared to 5 last July 2017. A total of 53 Foreclosure actions have been taken YTD 2018.
  • Purchaser Profile Abstract:  There were 38 upper end sales in July. Our buyers for real estate transactions for 2018: Front Range demographic at 45% of our market, 34% are "local" and 20% 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 20 in July. 

Land Title Guarantee Company July 2018 Market Analysis

Oct. 5, 2018

August 2018 Market Analysis

August 2018 Market Analysis

Market Analysis by Area for August 2018: There were a total of 319 transactions and $235,727,859 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $780,910, average residential price was $800,792 and average residential PSF was $479.

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  • Year to Date Market Analysis ( 8 months): Monetary volume in YTD 2018 totaled $1,107,208,955 with 1607 transactions: $712,821 average transaction price, $741,398 average residential price and average residential PSF $465.
  • Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family +4%, Multi- Family +9% and Vacant Land +17%. Median Indicators for Single Family +8%, Multi- Family +8% and Vacant Land +16%.
  • Market Analysis % Change 2018: Monetary volume ($) in August 2018 was up 38% from August 2017. Transactions (319) were up 17% from August 2017.  YTD 2018 monetary volume is up 13% from YTD 2017, and transactions are down 12% YTD 2018 compared to YTD 2017.
  • Residential Cost Analysis:  Residential volume in August had 250 transactions with $200,197,894 gross volume. There were 55 properties that sold for $1M and above in August. The most active price points were between $300K-$400K with 42 transactions. There were 95 Single Family, 155 Multi-Family and 20 Vacant Land transactions.
  • Average Price History by Type 2018: Average price for residential Single Family: $1,129,643, Multi- Family: $517,965 and Vacant Land: $377,561.
  • Comparative Historical Cost Analysis YTD 2018: There were 1273 residential transactions and $943,799,378 gross $ volume with 234 properties selling for $1M and over-compared to 2017, there were 1313 transactions and $883,914,045 gross $ volume, 208 properties at $1M and over.  In 2016, there were  1220 transactions with $683,932,493 gross $ volume, 121 properties at $1M and over. 
  • Top Lender Analysis August 2018: There were 542 loans in August 67% (215) of the loans were related to sales, there were 139 REFI's and 188 loans were timeshare related. 33% 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 August in the Timber Trail area at $4,500,000. The top priced PSF in the Shock Hill Landing area at $1,083.
  • Foreclosures:  There were 3 Foreclosure actions taken in August compared to 4 last August 2017. A total of 56 Foreclosure actions have been filed YTD, with 42 of those being Timeshares. 
  • Purchaser Profile Abstract:  There were 61 upper end sales in August compared to 38 in July. Our buyers for real estate transactions for 2018: Front Range demographic at 35% of our market, 30% are "local" and 35% 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, which doubled in August with 40 compared to 20 in July.
Posted in Market Updates
Aug. 15, 2018

June 2018 Market Analysis

June 2018 Market Analysis

Market Analysis by Area for June 2018: There were a total of 249 transactions and $172,302,600 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $711,067, average residential price was $696,129 and average residential PPSF was $465.

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  • Year to Date Market Analysis ( 6 months): Monetary volume in YTD 2018 totaled $720,414,665 with 1077 transactions: $686,021 average transaction price, $708,992 average residential price and average residential PPSF $460.
  • Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family -2%, Multi- Family +7% and Vacant Land +12%. Median Indicators for Single Family +6%, Multi- Family +6% and Vacant Land +1%.
  • Market Analysis % Change 2018: Monetary volume ($172,302,600) in June 2018 was up 27% from June 2017. Transactions (249) were up 6% from June 2017.  YTD 2018 monetary volume is up 9% from YTD 2017, and transactions are up 2% YTD 2018 compared to YTD 2017.
  • Residential Cost Analysis:  Residential volume in June had 214 transactions with $148,971,700 gross volume. There were 39 properties that sold for $1M and above in June. The most active price points were between $300K-$400K with 37 transactions. There were 86 Single Family, 128 Multi-Family and 12 Vacant Land transactions.
  • Average Price History by Type 2018: Average price for residential Single Family: $993,463, Multi- Family: $496,359 and Vacant Land: $234,983.
  • Comparative Historical Cost Analysis YTD 2018: There were 856 residential transactions and $606,897,184 gross $ volume with 143 properties selling for $1M and over-compared to 2017, there were 871 transactions and $593,073,903 gross $ volume, 144 properties at $1M and over.  In 2016, there were 816 transactions with $467,856,447 gross $ volume, 78 properties at $1M and over. 
  • Top Lender Analysis June 2018: There were 439 loans in June, 74% (184) of the loans were related to sales, there were 144 REFI's and 111 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 June in the Lewis Ranch at Copper area at $2,578,500. The top priced PSF in the Breckenridge at One Breckenridge Place at $1,164.
  • Foreclosures:  There have been at total of 17 Public Trustee's Deed's issued YTD 2018.
  • Purchaser Profile Abstract:  There were 46 upper end sales in June. Our buyers for real estate transactions for 2018: Front Range demographic at 41% of our market, 37% are "local" and 22% 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 15 in June. 
Posted in Market Updates
July 1, 2018

April 2018 Market Analysis

April 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 April 2018: There were a total of 207 transactions and $148,159,921 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $664,714, average residential price was $706,131 and average residential PPSF was $471.
  • Year to Date Market Analysis ( 4 months): Monetary volume in YTD 2018 totaled $411,688,149 with 632 transactions: $664,714 average transaction price, $710,047 average residential price and average residential PPSF $461
  • Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family +1%, Multi- Family +11% and Vacant Land +15%. Median Indicators for Single Family +8%, Multi- Family +10% and Vacant Land +13%.
  • Market Analysis % Change 2018: Monetary volume ($148,159,921) in April 2018 was up 30% from April 2017. Transactions (207) were up 10% from April 2017.  YTD 2018 monetary volume is up 3% from YTD 2017, and transactions are up 2%.  YTD 2018 compared to YTD 2017.
  • Residential Cost Analysis:  Residential volume in April had 162 transactions with $114,393,221 gross volume. There were 26 properties that sold for $1M and above in April. The most active price points were between $400K-$500K with 31 transactions. There were 49 Single Family, 113 Multi-Family and 18 Vacant Land transactions.
  • Average Price History by Type 2018: Average price for residential Single Family: $1,097,001, Multi- Family: $524,262 and Vacant Land: $371,553.
  • Comparative Historical Cost Analysis YTD 2018: There were 484 residential transactions and $343,662,784 gross $ volume with 80 properties selling for $1M and over-compared to 2017, there were 512 transactions and $352,089,998 gross $ volume, 95 properties at $1M and over.  In 2016, there were 459 transactions with $268,033,677 gross $ volume, 46 properties at $1M and over. 
  • Top Lender Analysis April 2018: There were 486 loans in April, 64% (133) of the loans were related to sales, there were 103 REFI's and 250 loans were timeshare related. 36% 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 April in Breckenridge Southside Estates. The highest priced transaction  PPSF at $902 in Der Steiermark Condo in Breckenridge. 
  • Foreclosures:  There were 12 Foreclosure actions in April 2018, 10 were Timeshares and 2 were Fee Simple.
  • Purchaser Profile Abstract:  There were 32 upper end sales in April. Our buyers for real estate transactions for 2018: Front Range demographic at 42% of our market, 29% are "local" and 29% are out of state buyers with 1% 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 11 in April. 
Posted in Market Updates
April 11, 2018

February 2018 Market Analysis

 

  • Market Analysis by Area for February 2018: There were a total of 139 transactions and $89,403,682 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $667,143, average residential price was $710,046 and average residential PPSF was $464.
  • Year to Date Market Analysis (2 months): Monetary volume in YTD 2018 totaled $176,969,628 with 285 transactions: $643,112 average transaction price, $719,103 average residential price and average residential PPSF $458
  • Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family +5%, Multi- Family +13% and Vacant Land -4%. Median Indicators for Single Family +9%, Multi- Family +11% and Vacant Land -14%.
  • Market Analysis % Change 2018: Monetary volume ($89,403,682) in February 2018 was up 26% from February 2017. Transactions (139) were up 20% from February 2017.  YTD 2018 monetary volume is up 9% from YTD 2017, and transactions are up 12% YTD 2018 compared to YTD 2017.
  • Residential Cost Analysis:  Residential volume in February had 112 transactions with $79,525,200 gross volume. There were 18 properties that sold for $1M and above in February. The most active price points were between $200K-$400K with 29 transactions. There were 32 Single Family, 80 Multi-Family and 14 Vacant Land transactions.
  • Average Price History by Type 2018: Average price for residential Single Family: $1,071,375, Multi- Family: $565,515 and Vacant Land: $352,114.
  • Comparative Historical Cost Analysis YTD 2018: There were 216 residential transactions and $155,326,263 gross $ volume with 35 properties selling for $1M and over-compared to 2017, there were 213 transactions and $143,343,260 gross $ volume, 37 properties at $1M and over.  In 2016, there were 209 transactions with $114,550,350 gross $ volume, 19 properties at $1M and over. 
  • Top Lender Analysis February 2018: There were 370 loans in February, 56% (139) of the loans were related to sales, there were 101 REFI's and 191 loans were timeshare related. 44% 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 February in Lomax Estates sub. in Breckenridge. This transaction was also the highest PPSF at $597. There were no bank sales in February. 
  • Foreclosures:  Foreclosures continue to be flat with 6 in both February's ( 2017 & 2018), 5 of those were fractional ownerships in 2018 
  • Purchaser Profile Abstract:  There were 21 upper end sales in February. Our buyers for real estate transactions for 2018: Front Range demographic at 42% of our market, 21% are "local" and 35% are out of state buyers with 2% 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 19 in February. 

 

Land Title Guarantee Company February 2018 Market Analysis

April 10, 2018

January 2018 Market Analysis

  • Market Analysis by Area for January 2018 There were a total of 146 transactions and $87,565,946 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $618,484, average residential price was $728,868 and average residential PPSF was $451.
  • Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family +10%, Multi- Family +5% and Vacant Land -12%. Median Indicators for Single Family +12%, Multi- Family +6% and Vacant Land -14%.
  • Market Analysis % Change 2018: Monetary volume ($87,565,946) in January 2018 was down 5% from January 2017. Transactions (146) were up 6% from January 2017.  
  • Residential Market Sales by Price Point: Residential volume in January had 104 transactions with $75,801,063 gross volume. There were 17 properties that sold for $1M and above in January. The most active price points were between $300K-$400K with 19 transactions. There were 34 Single Family, 70 Multi-Family and 24 Vacant Land transactions.
  • Average Price History by Type 2018: Average price for residential Single Family: $1,201,784, Multi- Family: $499,149 and Vacant Land: $285,850.
  • Comparative Historical Cost Analysis 2018: There were again 104 residential transactions and $75,801,063 gross $ volume with 17 properties selling for $1M and over-compared to 2017, there were 113 transactions and $79,082,360 gross $ volume, 23 properties at $1M and over.  In 2016, there were 104 transactions with $55,534,150 gross $ volume, 9 properties at $1M and over. 
  • Top Lender Analysis January 2018: There were 397 loans in January, 54% (146) of the loans were related to sales, there were 106 REFI's and 212 loans were timeshare related. 46% of the real estate closings were cash transactions ( a big increase of cash transactions from previous months). 
  • Market Highlights: Please see page 11 of the Market Analysis- You can note the higher priced sale in January in Boulder Ridge Sub, Breckenridge. Also, a Der Steiermark in Breckenridge studio was the highest PPSF at $800. There were no bank sales in January. 
  • Foreclosures:  January had 9 actions, compared to 2 in January 2017. 6 of those 9 actions were fractional ownership. 
  • Purchaser Profile Abstract:  There were 20 upper end sales in January. Our buyers for real estate transactions for 2018: Front Range demographic at 46% of our market, 31% 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 22 in January. 

Land Title Guarantee Company January 2018 Market Analysis
30 Year Residential Average Price
30 Year Residential Total Sales
30 Year Average Residential Appreciation

 

Jan. 25, 2018

December/Year End 2017 Market Analysis

 

  • Market Analysis by Area for December 2017: There were a total of 230 transactions and $153,007,686 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $690,307, average residential price was $764,231 and average residential PPSF was $430.
  • Year to Date Market Analysis (12 months): Monetary volume in 2017 totaled $1,659,150,308 with 2607 transactions: $650,139 average transaction price, $686,314 average residential price and average residential PPSF $430. 
  • Market Snapshot for Years 2017 vs 2016:  Average Indicators for $: Single Family +16%, Multi- Family +16% and Vacant Land -8%. Median Indicators for Single Family +18%, Multi- Family +17% and Vacant Land -8%.
  • Market Analysis % Change  2017: Monetary volume ($153,007,686) in December 2017 was up 25% from December 2016. Transactions (230) were up 13% from December 2016.  Year End 2017, monetary volume is up by 18% and transactions are up 5% compared to YTD 2016. Year end totals for monetary volume surpass all numbers since we have been tracking, and transactions have not been this high since 2007.
  • Residential Market Sales by Price Point: Residential volume in December had 175 transactions with $133,740,436 gross volume. There were 31 properties that sold for $1M and above in December. The most active price points were up last month at $400K-$600K with 52 transactions.  In 2017, there were 756 Single Family, 1429 Multi-Family and 187 Vacant Land transactions.
  • Average Price History by Type 2017: Average price for residential Single Family: $1,087,893, Multi- Family: $473,862 and Vacant Land: $323,692.
  • Comparative Historical Cost Analysis 2017 : There were 2185 residential transactions and $1,499,595,769 gross $ volume with 342 properties selling for $1M and over-compared to 2016, there were 2087 transactions and $1,210,067,633 gross $ volume, 225 properties at $1M and over.  In 2015, there were 2100 transactions with $1,148,024,568 gross $ volume,198 properties at $1M and over. 
  • Top Lender Graph December and 2017: There were 411 loans in December, 71% (230) of the loans were related to sales, there were 115 REFI's and 133 loans were timeshare related. 29% of the real estate closings were cash transactions. 2017 Lender data: There were a total of 5782 loans in 2017, 1733 loans related to sales (66%), there were 1539 REFI's, 2510 timeshare related sales and 34% of all real estate transactions were cash.
  • Market Highlights: Please see page 10 of the Market Analysis- You can note the higher priced sale in December in Shock Hill, Breckenridge. Also, a Mountain Thunder Lodge property was the highest PPSF at $837. There were 3 bank sales in December. 
  • Foreclosures: Actions were up in December at 10, compared to 4 in December 2016. 8 of those 10 actions were fractional ownership. we closed 2017 with 37 NED's, 21 withdrawn, actives for 2017 are at 16, with a total of 8 Public Trustee's Deeds issued. In 2016 there were 9 Public Trustee's Deeds issued.
  • Purchaser Profile Abstract:  There were 33 upper end sales in December. Our buyers for real estate transactions for 2017: Front Range demographic at 40% of our market, 28% are "local" and 32% are out of state buyers with .4% International. 
  • Land Title New Development Summary: This (page 16) shows all the new construction each month, there were 39 in December compared to 22 in November. 

Land Title Guarantee Company December 2017 Year End Market Analysis

30 Year Residential Average Price
30 Year Residential Total Sales
30 Year Average Residential Appreciation
2017 Lender Report
4th Quarter 2017 Commercial Sales

Posted in Market Highlights
Dec. 23, 2017

November 2017 Market Analysis

  • Market Analysis by Area for November 2017: There were a total of 230 transactions and $151,871,354 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $663,600, average residential price was $694,513 and average residential PPSF was $451.
  • Year to Date Market Analysis (11 months): Monetary volume in YTD 2017 totaled $1,506,142,622 with 2377 transactions: $646,352 average transaction price, $679,530 average residential price and average residential PPSF $430. 
  • Market Snapshot for Years 2017 vs 2016:  Average Indicators for $: Single Family +16%, Multi- Family +15% and Vacant Land -5%. Median Indicators for Single Family +17%, Multi- Family +16% and Vacant Land -9%.
  • Market Analysis % Change YTD 2017: Monetary volume ($151,871,354) in November 2017 was down 18% from November 2016. Transactions (230) also down 14% from November 2016.  YTD 2017, monetary volume is up by 17% and transactions are up 4% compared to YTD 2016. 
  • Residential Market Sales by Price Point: Residential volume in November had 200 transactions with $138,902,688 gross volume. There were 24 properties that sold for $1M and above in November. The most active price points were between $300K-$400K with 37 transactions. There were 64 Single Family, 136 Multi-Family and 17 Vacant Land transactions in November.
  • Average Price History by Type 2017: Average price for residential Single Family: $1,084,991, Multi- Family: $470,841 and Vacant Land: $335,949.
  • Comparative Historical Cost Analysis 2017 YTD: There were 2010 residential transactions and $1,365,855,333 gross $ volume with 311 properties selling for $1M and over-compared to 2016, there were 1921 transactions and $1,098,827,441 gross $ volume, 203 properties at $1M and over.  In 2015, there were 1870 transactions with $1,027,115,318 gross $ volume,182 properties at $1M and over. 
  • Top Lender Graph: There were 458 loans in November, 68% (157) of the loans were related to sales, there were 149 REFI's and 152 loans were timeshare related. 32% 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 November on French Street in Breckenridge. Also, a Crystal Peak Lodge property was the highest PPSF at $904. There were no bank sales in November. 
  • Foreclosures: Actions were down with 2 in November, compared to 6 in November 2016. There have been a total of 43 Foreclosure actions YTD.
  • Purchaser Profile Abstract:  There were 27 upper end sales in November. Our buyers for real estate transactions in November were Front Range demographic at 43% of our market, 29% are "local" and 28% are out of state buyers with 0% International. 
  • Land Title New Development Summary: This (page 16) shows all the new construction each month, there were 22 in November compared to 33 in October. 

Land Title Guarantee Company November 2017 Market Analysis

Dec. 23, 2017

October 2017 Market Analysis

  • Market Analysis by Area for October 2017: The month of October had was busy! There were a total of 332 transactions, and $213,311,500 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $666,636, average residential price was $690,970 and average residential PPSF was $441.
  • Year to Date Market Analysis ( 10 months): Monetary volume in YTD 2017 totaled $1,354,271,268 with 2147 transactions: $644,455 average transaction price, $677,874 average residential price and average residential PPSF $427. 
  • Market Snapshot for Years 2017 vs 2016:  Average Indicators for $: Single Family +16%, Multi- Family +13% and Vacant Land -3%. Median Indicators for Single Family +18%, Multi- Family +13% and Vacant Land -9%.
  • Market Analysis % Change YTD 2017: Monetary volume ($213,311,500) in October 2017 was up 43% from October 2016. Transactions (322) were up 22% from October 2016.  YTD 2017, monetary volume is up by 23% and transactions are up 7% compared to YTD 2016. 
  • Residential Market Sales by Price Point: Residential volume in October had 291 transactions with $201,072,200 gross volume. There were 43 properties that sold for $1M and above in October. The most active price points were between $400K-$500K with 49 transactions. There were a higher number of transactions (21) that fell between the prices of $1M to $1.5M in October. There were 92 Single Family, 199 Multi-Family and 19 Vacant Land transactions in October.
  • Average Price History by Type 2017: Average price for residential Single Family: $1,087,922, Multi- Family: $464,760 and Vacant Land: $344,447.
  • Comparative Historical Cost Analysis 2017 YTD: There were 1810 residential transactions and $1,226,952,645 gross $ volume with 287 properties selling for $1M and over-compared to 2016, there were 1692 transactions and $964,853,906 gross $ volume, 175 properties at $1M and over.  In 2015, there were 1691 transactions with $926,899,418 gross $ volume, 164 properties at $1M and over. 
  • Top Lender Graph: There were 595 loans in October 68% (218) of the loans were related to sales, there were 143 REFI's and 234 loans were timeshare related. 32% 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 October in the Shock Hill subdivision. Also, a Shock Hill property was the highest PPSF at $967. There were no bank sales in October. 
  • Foreclosures: Actions were down with 3 in October, compared to 4 in October 2016. There have been a total of 41 Foreclosure actions YTD.
  • Purchaser Profile Abstract:  There were 46 upper end sales in October. Our buyers for real estate transactions in October were approximately Front Range demographic at 46% of our market, 22% are "local" and 32% are out of state buyers with 1% International. 
  • Land Title New Development Summary: This (page 16) shows all the new construction each month, there were 33 in October compared to 23 in September. Rivers Edge Condos and Summit Sky Ranch units continued to close in October. 


Land Title Guarantee Company October 2017 Market Analysis

Posted in Market Highlights