Breckenridge and Summit County Real Estate Trends

Dec. 23, 2017

September 2017 Market Analysis


Market Analysis by Area for September 2017: The month of September had  248 transactions and $159,591,700 in monetary volume. Some trends for all 18 reported areas in September: $ 650,766 Average transaction price, $689,157 Average residential price and $415 PPSF.

  • Year to Date Market Analysis ( 9 months): Monetary volume in 2017 totaled $1,140,959,768 with 1825 transactions. $640,415 Average transaction price, $675,366 Average residential price and $425 PPSF. 
  • Market Snapshot for Years 2017 vs 2016:  Average Indicators for $: Single Family +15%, Multi- Family +13% and Vacant Land -2%. Median Indicators for Single Family +18%, Multi- Family +11% and Vacant Land -10%.
  • Market Analysis % Change YTD 2017: Monetary volume ($159,591,700) in September 2017 was down 8% from September 2016. Transactions (248) were down 16% to September 2016.  YTD 2017, monetary volume is up by 20% and transactions are up 4% compared to YTD 2016. 
  • Residential Market Sales by Price Point: Residential volume in September had 206 transactions with $141,966,400 gross volume. There were 36 properties that sold for $1M and above in September. The most active price points were between $300K-$400K with 30 transactions. There were quite a few transactions (28) that fell between the prices of $1M to $1.5M in September. There were 88 Single Family, 118 Multi-Family and 21 Vacant Land transactions in September.
  • Average Price History by Type 2017: Average price for residential Single Family: $1,072,346, Multi- Family: $464,470 and Vacant Land: $345,652.
  • Comparative Historical Cost Analysis 2017 YTD: There were 1519 residential transactions and $1,025,880,445 gross $ volume with 244 properties selling for $1M and over-compared to 2016, there were 1463 transactions and $832,677,478 gross $ volume, 150 properties at $1M and over.  In 2015, there were 1438 transactions with $784,072,868 gross $ volume, 140 properties at $1M and over. 
  • Top Lender Graph: There were 547 loans in September, 64% (158) of the loans were related to sales, there were 108 REFI's and 281 loans were timeshare related. 36% 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 September in the Columbia Lode subdivision. A Crystal Peak Lodge Condo topped out the highest PPSF at $918. There were no bank sales in September. 
  • Foreclosures: Actions were flat with only 3 actions in September, similar to August 2017.
  • Purchaser Profile Abstract:  There were 38 upper end sales in September. Our buyers for real estate transactions in September were approximately Front Range demographic at 42% of our market, 22% are "local" and 36% are out of state buyers with 0% International. 
  • Land Title New Development Summary: This (page 16) shows all the new construction each month, Summit Sky Ranch had 14 closings in September and there were a total of 23 new Residential units closed in September.

Land Title Guarantee Company September 2017 Market Analysis

2017 3rd Quarter Summit County Commercial Transactions

Posted in Market Updates
Dec. 23, 2017

August 2017 Market Analysis

  • Market Analysis by Area for August 2017: The month of August was Summit's best month so far in 2017! There were 272 transactions and $170,248,375 in monetary volume. Some trends for all 18 reported areas in August: $ 632,245 Average transaction price, $679,419 Average residential price and $424 PPSF.
  • Year to Date Market Analysis (8 months): Monetary volume in 2017 totaled $981,368,068 with 1577 transactions. $638,758 Average transaction price, $673,202 Average residential price and $426 PPSF. 
  • Market Snapshot for Years 2017 vs 2016:  Average Indicators for $: Single Family +17%, Multi- Family +12% and Vacant Land 0%. Median Indicators for $: Single Family +22%, Multi- Family +10% and Vacant Land -9%.
  • Market Analysis % Change YTD 2017: Monetary volume ($170,248,375) in August 2017 was 22% higher than August 2016. Transactions (272) were down 4% to August 2016.  YTD 2017, monetary volume is up by 26% and transactions are up 8% compared to YTD 2016. 
  • Residential Market Sales by Price Point: Residential volume in August had 231 transactions with $ 156,945,700 gross volume. There were 38 properties that sold for $1M and above in August. The most active price points were between $300K-$500K with transactions. There were 78 Single Family, 153 Multi-Family and 20 Vacant Land transactions in August.
  • Average Price History by Type 2017: Average price for residential Single Family: $1,096,406, Multi- Family: $460,631 and Vacant Land: $354,151.
  • Comparative Historical Cost Analysis 2017 YTD: There were 1313 residential transactions and $883,914,045 gross $ volume with 208 properties selling for $1M and over-compared to 2016, there were 1220 transactions and $683,932,493 gross $ volume, 121 properties at $1M and over.  In 2015, there were 1184 transactions with $641,544,640 gross $ volume, 110 properties at $1M and over. 
  • Top Lender Graph: There were 478 loans in August, 63% (171) of the loans were related to sales, there were 129 REFI's and 178 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 August in the Shock Hill subdivision. A Liftside Condo topped out the highest PPSF at $939. There were no bank sales in August. 
  • Foreclosures: Actions were a bit up with 4 in August 2017 compared to 2 in August 2016. There have been 35 Foreclosure actions filed YTD.
  • Purchaser Profile Abstract:  There were 40 upper end sales in August compared to 29 in July. Our buyers for real estate transactions in August were approximately Front Range demographic at 42% of our market, 25% are "local" and 33% are out of state buyers with 0% International. 
  • Land Title New Development Summary: This (page 16) shows all the new construction each month, Summit Sky Ranch started closing in August with 6, and there were a total of 15, same as July. 


Land Title Guarantee Company August 2017 Market Analysis

Posted in Market Updates
Dec. 23, 2017

July 2017 Market Analysis


  • Market Analysis by Area for July 2017: There were 253 transactions and $147,927,102 in monetary volume. Some trends for all 18 reported areas in July: $606,708, Average transaction price, $634,571, Average residential price and $422-PPSF.
  • Year to Date Market Analysis (7 months): Monetary volume in 2017 totaled $811,119,693 with 1305 transactions. $640,156- Average transaction price, $671,875-Average residential price and $427-PPSF. 
  • Market Snapshot for Years 2017 vs 2016:  Average Indicators for $: Single Family +18%, Multi- Family +12% and Vacant Land +7%. Median Indicators for $: Single Family +17%, Multi- Family +9% and Vacant Land -8%.
  • Market Analysis % Change YTD 2017: Monetary volume ($147,927,102) in July 2017 was 41% higher than July 2016. Transactions (253) were up 18% to July 2016.  YTD 2017, monetary volume is up by 27% and transactions are up 11% compared to YTD 2016. 
  • Residential Market Sales by Price Point: Residential volume in July had 211 transactions with $133,894,442 gross volume. There were 26 properties that sold for $1M and above in July. The most active price points were between $300K-400K with 41 transactions. There were 66 Single Family, 145 Multi-Family and 17 Vacant Land transactions in July.
  • Average Price History by Type 2017: Average price for residential Single Family: $1,098,773, Multi- Family: $458,129 and Vacant Land: $377,714.
  • Comparative Historical Cost Analysis 2017 YTD: There were 1082 residential transactions and $726,968,345 gross $ volume with 170 properties selling for a $1M and over-compared to 2016, there were 992 transactions and $558,162,218 gross $ volume, 99 properties at $1M and over.  In 2015, there were 959 transactions with $519,352,800 gross $ volume, 89 properties at $1M and over. 
  • Top Lender Graph: There were 469 loans in July, 63% (159) of the loans were related to sales, there were 127 REFI's and 183 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 July in the Shock Hill area. An Estates at Snowy Point topped out the highest PPSF at $835. There were no bank sales in July. 
  • Foreclosures: Actions were down with 5 in July 2017 compared to 7 in July 2016.
  • Purchaser Profile Abstract:  There were 29 upper end sales in July compared to 19 in June. Our buyers for real estate transactions in July  were approximately Front Range demographic at 39% of our market, 31% are "local" and 30% are out of state buyers with 0% International. 
  • Land Title New Development Summary: This (page 16) shows all the new construction each month with 15 in July.

Land Title Guarantee Company July 2017 Market Analysis

Posted in Market Updates
May 26, 2017

April 2017 Market Analysis



  • Market Analysis by Area for April 2017: There were 189 transactions and $114,226,938 in monetary volume. Some trends for all 18 reported areas in April: $618,443- Average transaction price, $651,114- Average residential price and $421-PPSF.
  • Year to Date Market Analysis (4 months): Monetary volume in 2017 totaled $400,422,612 with 621 transactions. $665,173-Average transaction price, $687,676-Average residential price and $422-PPSF. 
  • Market Snapshot for Years 2017 vs 2016:  Average Indicators for $: Single Family +22%, Multi- Family +12% and Vacant Land +8%. Median Indicators for $: Single Family +30%, Multi- Family +10% and Vacant Land +8%.
  • Market Analysis % Change YTD 2017: Monetary volume ($114,226,938) in April 2017 was 28% higher than April 2016. Transactions (189) were also up at 22% from April 2016.  YTD 2017, monetary volume is up by 31% and transactions are up 15% compared to YTD 2016. 
  • Residential Market Sales by Price Point: Residential volume in April had 162 transactions with $105,480,438 gross volume. There were 25 properties that sold for $1M and above in April. The most active price point was between $300K-400K with 28 transactions. There were 55 Single Family, 107 Multi-Family and 11 Vacant Land transactions in April.
  • Average Price History by Type 2017: Average price for residential Single Family: $1,141,417, Multi- Family: $458,136 and Vacant Land: $383,469.
  • Comparative Historical Cost Analysis 2017 YTD: There were 512 residential transactions and $352,089,998 gross $ volume with 95 properties selling for a $1M and over-compared to 2016, there were 459 transactions and $268,033,677 $ gross volume, 46 properties at $1M and over.  In 2015, there were 423 transactions with $232,945,600 $ gross volume, 43 properties at $1M and over. 
  • Top Lender Graph: There were 416 loans in April, 64% (189) of the loans were related to sales, there were 110 REFI's and 185 loans were timeshare related. 36% 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 April in the Highlands/Braddock Hill area, Water House topped out the highest PPSF at $845.76. There were 2 bank sales in April.
  • Foreclosures: There were 5 foreclosure actions in April.
  • Purchaser Profile Abstract:  There were 25 upper end sales in April compared to 38 in March. Our buyers for real estate transactions in April were the Front Range demographic at 45% of our market, 21% are "local" and 34% are out of state buyers with 0% International. 
  • Land Title New Development Summary: This (page 16) shows all the new construction each month with 12 in April compared to 20 in March.

Land Title Guarantee Company April 2017 Market Analysis

 

May 26, 2017

March 2017 Market Analysis


  • 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.

Land Title Guarantee Company March 2017 Market Analysis

May 16, 2017

February 2017 Market Analysis


 

  • Market Analysis by Area for February 2017: There were 116 transactions and $71,152,600 in monetary volume. Some trends for all 18 reported areas in February: $644,610- Average transaction price, $642,609- Average residential price and $408-PPSF.
  • Year to Date Market Analysis (2 months): Monetary volume in 2017 totaled $163,053,674 with 254 transactions. $666,373-Average transaction price, $672,973-Average residential price and $426-PPSF. 
  • Market Snapshot for Years 2017 vs 2016:  Average Indicators for $: Single Family +24%, Multi- Family +5% and Vacant Land +2%. Median Indicators for $: Single Family +16%, Multi- Family +5% and Vacant Land +3%.
  • Market Analysis % Change YTD 2017: Monetary volume ($71,152,600) in February 2017 was 6% higher at than February 2016. Transactions were down 8% from February 2016 due do the inventory supply. YTD 2017, monetary volume is up by 25% and transactions are up 2% compared to YTD 2016. 
  • Residential Market Sales by Price Point: Residential volume in February had 100 transactions with $64,260,900 gross volume. There were 14 properties that sold for $1M and above in February. The most active price point was between $200K-300K with 23 transactions. There were 30 Single Family, 70 Multi-Family and 5 Vacant Land transactions in February.
  • Average Price History by Type 2017: Average price for residential Single Family: $1,154,877, Multi- Family: $432,021 and Vacant Land: $360,583.
  • Comparative Historical Cost Analysis 2017: There were 213 residential transactions and $143,343,260 gross $ volume with 37 properties selling for a $1M and over-compared to 2016, there were 209 transactions and $114,550,350 $ gross volume, 19 properties at $1M and over.  In 2015, there were 187 transactions with $99,488,300 $ gross volume, 15 properties at $1M and over. 
  • Top Lender Graph: There were 400 loans in February, 63% (73) of the loans were related to sales, there were 138 REFI's and 189 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 February in the Timber Trail area, One Ski Hill place topped out the highest PPSF at $1,299. There were no bank sales in February.
  • Foreclosures: There were 5 Foreclosure actions in February.
  • Purchaser Profile Abstract:  There were 17 upper end purchasers in February compared to 25 in January. Our buyers for real estate transactions in February were the Front Range demographic at 45% of our market, 29% are "local" and 25% 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 13 in February compared to 11 in January.

Land Title Guarantee Company February 2017 Market Analysis

Posted in Market Updates
March 8, 2017

January 2017 Market Analysis

 

  • Market Analysis by Area for January 2017: There were 203 transactions and $122,880,919 in monetary volume. Some trends for all 18 reported areas in December: $621,604- Average transaction price, $670,122- Average residential price and $397-PPSF.
  • Market Snapshot for Years 2017 vs 2016:  Average Indicators for $: Single Family +22% Multi- Family +10% and Vacant Land -15%. Median Indicators for $: Single Family +16%, Multi- Family 9% and Vacant Land -8%.
  • Market Analysis % Change YTD 2017 : Monetary volume ($91,901,074) in January 2017 was substantially higher at 45% compared to January 2016. Transactions (138) were only up by 11%. 
  • Residential Market Sales by Price Point: Residential volume in January had 113 transactions with $79,082,360 gross volume. There were 23 properties that sold for $1M and above in January. The most active price point was up a bit between $300K-400K with 19 transactions. There were 41 Single Family,72 Multi-Family and 7 Vacant Land transactions in January.
  • Average Price History by Type 2017: Average price for residential Single Family: $1.139,945 ( another milestone for the highest since Land Title has been tracking), Multi- Family: $449,231 and Vacant Land: $299,714.
  • Comparative Historical Cost Analysis 2017: There were again 113 residential transactions and $79,082,360 gross $ volume with 23 properties selling for a $1M and over-compared to 2016, there were 104 transactions and $55,534,150  $ gross volume, 9 properties at $1M and over and in 2015, there were 98 transactions with $56,210,600  $ gross volume, 12 properties at $1M and over. 
  • Top Lender Graph: There were 452 loans in January, 70% (96) of the loans were related to sales, there were 152 REFI's and 204 loans were timeshare related. 30% 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 January in the Sawmill Patch Placer area, also for the highest PPSF. There were no bank sales in January.
  • Foreclosures: Down again, with only 2 actions in January, compared to 4 in January 2016. There with no PTD filings in January.
  • Purchaser Profile Abstract:  There were 25 upper end purchasers in January compared to 22 in December 2016. Our buyers for real estate transactions in January were the Front Range demographic at 33% of our market, 36% are "local" and 31% 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 11 in January compared to 16 in December 2016.

Land Title Guarantee Company January 2017 Market Analysis



 

Posted in Market Updates
Feb. 8, 2017

Mountain Resorts Market Analysis 2016 - 4th Quarter

Uptick Seen for Fourth Quarter for Real Estate Transactions

Land Title is a local company within Colorado and has been in business since 1967. To help partner with our customers and local communities, we'd like to share some valuable information on the real estate market in seven of our Colorado mountain communities of Aspen (Pitkin County), Breckenridge (Summit County), Steamboat Springs (Routt County), Glenwood Springs (Garfield County), Winter Park (Grand County), and Vail (Eagle County) and Telluride (San Miguel County).

2017 Fourth Quarter Highlights from the Seven Counties:

  • Buyer Profile: 48.6% local, 23.91% Front Range, 27.04% Out-Of-State, .45% international.
  • Three counties saw an increase in the number of transactions compared to last year's numbers. Garfield had the biggest increase with 13.53%.
  • Average residential price up in Eagle, Garfield, Grand and Summit counties. Top county was Garfield with a 17.36% increase in Q4 over 2015 Q4 numbers.
  • In gross volume sales, Garfield county saw the biggest increase at 13.53%

Mountain Resorts Q4 Analysis

 

  • Median Residential Price up 9.55% from Q4 LY numbers
  • Gross Sales Volume down 1.57% from LY numbers
  • Average Residential Price up 4.28% from Q4 LY numbers
  • Real Estate Transactions up 9.24% from Q4 LY numbers
  • Buyer Profile: 56.05% Local, 15.43% Front Range, 27.59% Out-of-State, .93% International

Eagle County December Analysis

 

  • Median Residential Price up 12.09% from Q4 LY numbers
  • Average Residential Price up 17.36% from Q4 LY numbers
  • Gross Sales Volume up 13.53% from LY numbers
  • Real Estate Transactions flat from Q4 LY numbers
  • Buyer Profile: 87.88% local, 3.75% Front Range, 8.31% Out-of-State, 0.06% international

Garfield County December Analysis

 

  • Median Residential Price up 39.41% from Q4 LY numbers
  • Average Residential Price up 11.03% from Q4 LY numbers
  • Gross Sales Volume up 10.6% from LY numbers
  • Real Estate Transactions up 2.99% from Q4 LY numbers
  • Buyer Profile: 27.23% local, 54.74% Front Range, 17.53% Out-of-State, 0% international

Grand County December Analysis

 

  • Median Residential Price down 1.14% from Q4 LY numbers
  • Average Residential Price down 10.37% from Q4 LY numbers
  • Gross Sales Volume down 31.94% from LY numbers
  • Real Estate Transactions down 4.35% from Q4 LY numbers
  • Buyer Profile: 54.2% local, 4.78% Front Range, 39.54% Out-of-State, 1.48% international

Pitkin County December Analysis

 

  • Median Residential Price down 8.31% from Q4 LY numbers
  • Average Residential Price down 11.44% from Q4 LY numbers
  • Gross Sales Volume down 0.75% from LY numbers
  • Real Estate Transactions up 6.29% Q4 LY numbers
  • Buyer Profile: 50.29% local, 15.85% Front Range, 33.59% Out-of-State, .26% International

Routt County December Analysis

 

  • Median Residential Price is up 10.61% from Q4 LY numbers
  • Average Residential Price down 4.08% from Q4 LY numbers
  • Gross Sales Volume down 2.48% from LY numbers
  • Real Estate Transactions are up 24.37% from Q4 LY numbers
  • Buyer Profile: 41.43% Local, 2.32% Front Range, 55.18% Out-of-State, 1.07% International

San Miguel County December Analysis

 

  • Median Residential Price up 9.07% from Q4 LY numbers
  • Average Residential Price up 10.01% from Q4 LY numbers
  • Gross Sales Volume up 2.61% from LY numbers
  • Real Estate Transactions down 4.05% from Q4 LY numbers
  • Buyer Profile: 30.37% local, 37.73% Front Range, 31.58% Out-of-State, 0.32% International

Summit County December Analysis

Dec. 14, 2016

November 2016 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 November 2016: There were 268 transactions and $184,563,658 in monetary volume. Some trends for all 18 reported areas: $700,920- Average transaction price, $585,037- Average residential price and PPSF- $384.
  • Year to Date Market Analysis (11 months): Monetary volume was $1,285,785,881 with 2283 transactions. Average transaction price-$572,647 Average residential price-$572,008 and PPSF-$371.
  • Market Snapshot for Years 2016 vs 2015:  Average Indicators for $: Single Family +8%, Multi- Family +2% and Vacant Land -5%. Median Indicators for $: Single Family +9%, Multi- Family 5% and Vacant Land -2%.  
  • Market Analysis % Change YTD 2016 Data ( 11 months): Monetary volume ($184,563,658) in November was out the gate due to several larger Commercial Transactions, one in Copper, Inn at Keystone and Shell/Dunkin Donuts. Also, there were a lot of upper end Residential activity which accounted for a 68% increase with monetary volume from November 2015. Number of transactions (268) were also up 31% in November compared to November 2015. YTD 2016, monetary volume is pacing 4% compared to YTD 2015 and transactions continue to be fairly flat at 1%. Summit County continues to have extremely low inventory for Residential properties.
  • Residential Market Sales by Price Point: Residential volume in November had 229 transactions with $133,973,535 gross volume. There were 28 properties that sold for $1M and above in November. The most active price point was between $200K-300K with 44 transactions. There were 72 Single Family,157 Multi-Family and 10 Vacant Land transactions in November.
  • Average Price History by Type (11 months): Average price for residential Single Family: $922,163, Multi- Family: $407,513 and Vacant Land: $354,248.
  • Comparative Historical Cost Analysis ( 11 months): There were 1921 residential transactions and $1,098,827,441 volume with 203 properties selling for a $1M and over-compared to 2015, there were 1870 transactions and $1,027,115,318 gross volume, 182 properties at $1M and over and in 2014, there were 1588 transactions with $788,685,181 gross volume, 116 properties at $1M and over. 
  • Top Lender Graph: There were 659 loans in November, 70% of the loans were related to sales, there were 186 REFI's and 285 loans were timeshare related. 30% 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 in the Shock Hill Subdivision and in the Highlands area for highest PPSF. There were 2 bank sales in November.
  • Foreclosures: There were 6 Foreclosure actions in November, compared to 4 in November 2015. So far, this year, there have been a total of 44 Foreclosure actions filed.  
  • Purchaser Profile Abstract:  Upper end purchasers were up in November with 35, compared to 28 in October. Our buyers for real estate transactions were the Front Range demographic at 40% of our market, 26% are "local" and 34% are out of state buyers with 0% International. Check out page 15 with the Purchaser Detailed Profile for specifics on our Out of State buyers.
  • Land Title New Development Summary: This (page 16) shows all the new construction each month with 20 in November compared to 15 in October.

Land Title Guarantee Company November 2016 Market Analysis

Nov. 23, 2016

October 2016 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. 

  • Market Analysis by Area for October 2016: There were 263 transactions and $149,691,558 in monetary volume. Some trends for all 18 reported areas: $576,374- Average transaction price, $577,190- Average residential price and $377- PPSF.
  • Year to Date Market Analysis (10 months): Monetary volume was $1,101,222,223 with 2015 transactions. Average transaction price-$555,873, Average residential price-$570,245 and PPSF-$369.
  • Market Snapshot for Years 2016 vs 2015:  Average Indicators for $: Single Family +7%, Multi- Family +2% and Vacant Land -11%. Median Indicators for $: Single Family +8%, Multi- Family 4% and Vacant Land -4%.  
  • Market Analysis % Change YTD 2016 Data ( 10 months): Monetary volume ($149,691,558) in October was down 5% compared to October 2015. Number of transactions (263) was down -7% in October compared to October 2015. YTD 2016, monetary volume is pacing  -2% compared to YTD 2015 and transactions continue that same trend at -2% compared to YTD 2016. Numbers are still ahead of previous years 2008 through 2014. There continues to be a shortage of inventory in Summit County.
  • Residential Market Sales by Price Point: Residential volume in October had 229 transactions with $132,176,428 gross volume. There were 25 properties that sold for $1M and above in October. The most active price point was between $200K-300K with 44 transactions. There were 70 Single Family, 159 Multi-Family and 11 Vacant Land transactions in October .
  • Comparative Historical Cost Analysis ( 10 months): There were 1692 residential transactions and $964,853,906 volume with 175 properties selling for a $1M and over-compared to 2015, there were 1691 transactions and $926,899,418 gross volume, 164 properties at $1M and over and in 2014, there were 1406 transactions with $702,683,981 gross volume, 106 properties at $1M and over. 
  • Average Price History by Type (10 months): Average price for residential Single Family: $919,210, Multi- Family: $405,776 and Vacant Land: $331,927.
  • Top Lender Graph: There were 549 loans in October, 72% of the loans were related to sales, there were 191 REFI's and 168 loans were timeshare related. 28% 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 Highlands area and a One Ski Hill Place for highest PPSF. There were 3 bank sales in October.
  • Foreclosures: There were 4 Foreclosure actions in October, compared to 2 in October 2015. So far, this year, there have been a total of 38 Foreclosure actions filed.  
  • Purchaser Profile Abstract:  Upper end purchasers totaled 28 in October. Our buyers for real estate transactions were the Front Range demographic at 37% of our market, 25% are "local" and 37% are out of state buyers  with 0% International. There is a new page 15 with the Purchaser Detailed Profile for specifics on our Out of State buyers.
  • Land Title New Development Summary: This (page 16) shows all the new construction each month with 15 in October.

Land Title Guarantee Company October 2016 Market Analysis