September 2015 Highlights 

  • Market Analysis by Area for September:  September turned out to be another spectacular for real estate transactions in Summit County,comparable to September 2007 prior recession.  There was $165,716,318 in monetary volume and 301 transactions. The average transaction price for all reported 18 areas: $551,358, average residential: $561,135, median residential: $440,000 and average PPSF: $367, all up from August 2015.
  • Market Analysis by Area YTD 2015 ( 9 months): YTD- monetary volume was $964,551,561 with 1772 transactions. Average transaction price: $547,431, average residential price: $545,252 and average PPSF: $343, all up from YTD August 2015.
  • Market Snapshot for Years 2015 vs.2014:  Values are still strong and are as follows:Average Indicators for $: Single Family +9%, Multi- Family +11% and Vacant Land +19%.Median Indicators for $: Single Family +5%, Multi- Family +19% and Vacant Land +13%.  
  • Market Analysis % Change showing years 2004-2015 : Monetary volume ($165,716,318) in September is up +13% compared to September 2014. Number of transactions (301) are up 5% in September 2015 compared to September 2014. YTD ( 9 months) Summit County real estate is up 32% in monetary volume and up 19% with number of transactions compared to YTD 2014. 
  • Residential Market Sales by Price Point: Residential volume in September had 254 transactions with $142,528,228 gross volume.  There were 30 properties that sold for $1M and above in September. The number of $1M and over sales is substantial over last month.  The most active price point was the $200K-$300K range again this month. There were 81 Single family, 173 Multi-family and 22 Vacant land transactions in September.  There were 29 new unit sales in September, Waterhouse on Main Street had a large influence on that number.
  • YTD 2015 Average Price History: Average residential pricing continues to increase for 2015- Single Family: $855,027 Multi- Family:$398,617 and Vacant Land: $379,041. This graph is a great marketing tool to show the consistency and strength of our Summit Market over the years.
  • Historical Cost Breakdown for 2015: There have been 1438 residential transactions YTD and $784,072,868 volume with 140 properties selling for a $1M and over-compared to 2014, there were 1189 transactions and $598,246,081 gross volume, 91 properties at $1M and over and in 2013, there were 1104 transactions with $548,737,300 gross volume, 89 properties at $1M and over. 
  • Top Lender Graph: There were 502 loans in September, 61% of the loans were related to sales, there were 129 REFI's and 189 loans were timeshare related. 39% of the real estate closings were cash transactions.
  • Foreclosures:  There were 6 foreclosure actions in September, compared to 8 in September 2014. There have only been 54 foreclosure actions in the past 9 months. 
  • Land Title Purchaser Highlights ( Page 14):  There were 35 higher end sales in September - you can see the details on this report. in September, our buyers for real estate transactions were the Front Range demographic at 37% of our market, 37% are local and 26% are out of state buyers, with 0% International. 
  • Land Title New Development Summary- new construction 29 in September- 15 were the new Waterhouse phase in Breckenridge. THANK YOU LAND TITLE FOR THIS INFORMATION!