• 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