• Market Analysis by Area for February 2021: There were a total of 151 transactions and $132,914,988 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $923,287. The average residential price was $1,011,617 and the average residential PSF was $588.
  • Market Analysis by Area YTD 2021 (2 Months): There were a total of 311 transactions totaling $262,873,832 in monetary volume. Average transaction price was $875,684, average residential price was $959,548 and average residential PPF was $591.
  • Market Snapshot for FULL Years 2021 vs 2020:  Average Indicators for $: Single Family +6%, Multi- Family +10% and Vacant Land -13%. Median Indicators for Single Family -2%, Multi- Family +12% and Vacant Land +5%.
  • Market Analysis % Change YTD February 2021: Monetary volume in February 2021 was up 23% from February 2020. Transactions were up 20% from February 2020.  YTD $ volume is pacing 27% up and transactions are up 20% from YTD 2020.
  • Residential Cost Analysis:  Residential volume in February had 118 transactions with $119,370,862 gross volume. There were 34 properties that sold for $1M and above in February  There were 42 Single Family, 76 Multi-Family and 14 Vacant Land transactions. 
  • Average Price History by Type-YTD 2021: Average price for residential Single Family: $1,465,299, Multi- Family: $665,887 and Vacant Land: $322,203.
  • Comparative Historical Cost Analysis Comparison 2021-2020-2019: YTD 2021, there were 245 residential transactions and $235,089,362 gross $ volume with 68 properties selling for over $1M. In 2020, there were 209 transactions with $175,227,700 gross $ volume with 58 properties selling for over $1M. In 2019, there were 211 transactions with $172,639,219 gross $ volume with 48 properties selling for over $1M.
  • Top Lender Analysis February 2021: There were 633 loans in February. Of those 96 loans were related to sales, there were 341 REFI’s and 196 loans were timeshare related. Thirty-six percent of the real estate closings were cash transactions. 
  • Purchaser Profile Abstract:  There were 36 upper end sales in February 2021 compared to 37 in January 2021. Buyers for real estate transactions for February 2021 include: local buyers have hit a new low at 17%, the Front Range demographic at 48% and 35% are out of state buyers with 0% International. There is a new graph included showing demographic trends through 2013 on page 17.
  • Land Title New Development Summary: Page 18 shows all the new construction by month. There were 14 in February compared to 7 in January 2021

Click here for past and current Summit County Market Analysis 

 

 

 

 

https://www.ltgc.com/files/breckenridge-marketstats/SUMMITFEBRUARY2021.pdf?utm_campaign=Newsletter&utm_medium=email&_hsmi=119113865&_hsenc=p2ANqtz–649jESv7vq4O4ZO5kbgTD-05rxoTTy8HtPvcYzPv2l5eNoh_yIjvnNZFOI_YpfzOIyakybBWrf4KOB8uOv0f31jsaqw&utm_content=119113865&utm_source=hs_email