Click here for the link for the latest Summit County Market Analysis April 2018

  • 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.