• Market Analysis by Area for November 2018: There were a total of 227 transactions and $153,815,804 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $695,543, average residential price was $744,204 and average residential PSF was $478.
  • Year to Date Market Analysis ( 11 months): Monetary volume in YTD 2018 totaled $1,605,600,759 with 2329 transactions: $714,933 average transaction price, $747,983 average residential price and average residential PSF $470.
  • Market Snapshot for Years 2018 vs 2017:  Average Indicators for $: Single Family +5%, Multi- Family +10% and Vacant Land +13%. Median Indicators for Single Family +7%, Multi- Family +9% and Vacant Land +17%.
  • Market Analysis % Change 2018: Monetary volume ($153,815,804) in November 2018 was up 1% from November 2017. Transactions (227) were down 1% from November 2017.  YTD 2018 monetary volume is up 7% from YTD 2017, and transactions are down 2% YTD 2018 compared to YTD 2017.
  • Residential Cost Analysis:  Residential volume in November had 185 transactions with $137,677,700 gross volume. There were 40 properties that sold for $1M and above in November.  The most active price points were between $300K-$400K with 36 transactions. There were 59 Single Family, 126 Multi-Family and 19 Vacant Land transactions.
  • Average Price History by Type 2018: Average price for residential Single Family: $1,175,439, Multi- Family: $542,276 and Vacant Land: $317,974.
  • Comparative Historical Cost Analysis YTD 2018: There were 1847 residential transactions and $1,381,524,178 gross $ volume with 349 properties selling for $1M and over. YTD 2017, there were 2010 residential transactions and $1,365,855,333 gross $ volume with 311 properties selling for over $1M. YTD 2016, there were 1921 transactions with $1,098,827,441 gross $ volume with 203 properties selling for over $1M.
  • Top Lender Analysis November 2018: There were 465 loans in November. 71% of purchasers closing with financing at the time of the sale, there were 95 REFI's and 208 loans were timeshare related. 29% 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 November in the Highlands area at $3,300,000. The top priced PSF was in the Shock Hill area at $1,032.
  • Foreclosures:  There were no Foreclosure actions taken in November, the same at the previous year. In total, there are 68 Foreclosure actions so far in 2018. 
  • Purchaser Profile Abstract:  There were 43 upper end sales in November 2018 compared to 22 in October 2018. Our buyers for real estate transactions for 2018: Front Range demographic at 47% of our market, 22% are "local" and 30% 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 16 in November. 

Land Title Guarantee Company November 2018 Market Analysis