• Market Analysis by Area for June 2020: There were a total of 121 transactions and $107,532,390 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $919,277, average residential price was $852,531 and average residential PSF was $465.
  • YTD 2020 Market Analysis by Area (6 months): There were a total of 698 transactions, and $544,427,618 in monetary volume. The average transaction price for all 18 reported areas is $801,188, average residential price was $834,863 and average residential PPF was $513.
  • Market Snapshot for FULL Years 2019 vs 2018:  Average Indicators for $: Single Family -6%, Multi- Family +10% and Vacant Land -11%. Median Indicators for Single Family -2%, Multi- Family +10% and Vacant Land -11%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($107,532,390) in June 2020 was down 14% from June 2019. Transactions (121) were down 32% from June 2019.  YTD 2020 Monetary Volume is pacing 28% down from YTD 2019. YTD 2020 transactions are pacing 28% down to YTD 2019.
  • Residential Cost Analysis:  Residential volume in June had 99 transactions with $84,400,600 gross volume. There were 23 properties that sold for $1M and above in June.  There were 36 Single Family, 63 Multi-Family and 8 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,189,857, Multi- Family: $614,274 and Vacant Land: $306,802.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: In 2020, there were 561 residential transactions and $468,357,923 gross $ volume with 145 properties selling for over $1M. In 2019, there were 749 transactions with $615,801,873 gross $ volume with 172 properties selling for over $1M. In 2018, there were 856 transactions with $606,897,184 gross $ volume with 143 properties selling for over $1M.
  • Top Lender Analysis June 2020There were 430 loans in June. 82 loans were related to sales, there were 348 REFI’s and 0 loans were timeshare related. 32% of the real estate closings were cash transactions.
  • Market Highlights:  Please see page 11 of the Market Analysis- Note the the higher priced sale in June 2020 in the Highlands area in Breckenridge at $3,380,000.The top priced PSF was in the Shock Hill area at $1,145.
  • Foreclosures: There was one foreclosure action in June, compared to 11 in June 2019.. There were no Bank sales in June.
  • Purchaser Profile Abstract:  Upper end sales were at 28 in June compared to 20 in May. Our buyers for real estate transactions for June 2020: Front Range demographic at 36% of our market, 31% are “local” and 32% are out of state buyers with 0% International.

 

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