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Your Guide to Summit County Real Estate
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2019-03-04 12:46:57
January 2019 Market Report

The following information is provided as a courtesy of Land Title. 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.


January 2019 Market Highlights

Market Analysis by Area for January 2019: There were a total of 138 transactions and $113,690,300 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $845,308, average residential price was $795,048 and average residential PSF was $460.

Market Snapshot for Years 2019 vs 2018:  Average Indicators for $: Single Family +9%, Multi- Family +1% and Vacant Land +1%. Median Indicators for Single Family +3%, Multi- Family -4% and Vacant Land +38%.

Market Analysis % Change 2019: Monetary volume ($113,690,300) in January 2019 was up 30% from January 2018. Transactions (138) were down 5% from January 2018. 

Residential Cost Analysis:  Residential volume in January had 110 transactions with $87,455,300 gross volume. There were 17 properties that sold for $1M and above in January.  The most active price points were between $300K-$400K with 17 transactions. There were 41 Single Family, 69 Multi-Family and 9 Vacant Land transactions.

Average Price History by Type January 2019: Average price for residential Single Family: $1,240,937, Multi- Family: $530,100 and Vacant Land: $369,178.

Comparative Historical Cost Analysis Comparison 2018-2017:  In January 2018, there were 104 residential transactions and $75,801,063 gross $ volume with 17 properties selling for over $1M. In January 2017, there were 113 transactions with $79,082,360 gross $ volume with 23 properties selling for over $1M.

Top Lender Analysis January 2019: There were 423 loans in January. 65% of purchasers closing with financing at the time of the sale, there were 109 REFI's and 228 loans were timeshare related. 35% of the real estate closings were cash transactions. New this year, note the Lender Summary and Lender Chart show Purchase Loan numbers.

Market Highlights:  Please see page 11 of the Market Analysis- You can note the higher priced sale in January in the Master's area in Copper at $3,380,000. The top priced PSF was in the Liftside condos in Breckenridge at $955.

Foreclosures:  There were 7 Foreclosure actions taken in January 2019 compared to 9 in January 2018.

Purchaser Profile Abstract:  There were 30 upper end sales in January 2019 compared to 39 in December 2018. Our buyers for real estate transactions for January 2019: Front Range demographic at 46% of our market, 28% are 'local' and 27% are out of state buyers with 0% International. Please note 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 January.

Click Here To View The Full Report.

As always, please feel free to contact me anytime with questions.  I look forward to hearing from you!


All the best,

Tyler MacGuire  

Broker Associate
Omni Real Estate Company
Office: 970-468-2740
Mobile: 970-409-7779    
 
'Your Guide to Summit County Real Estate'
 
Certified Negotiation Expert (CNE)
Resort & Second Property Specialist (RSPS)
Short Sale and Foreclosure Representative (SFR)
 
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Blog Archive
2019-03-04 12:46:57
January 2019 Market Report

2019-01-26 12:02:55
December/Year End 2018 Market Report

2018-12-27 11:11:39
November 2018 Market Report

2018-12-03 09:28:32
October 2018 Market Analysis

2018-11-01 10:19:59
September 2018 Market Analysis

2018-10-05 08:29:21
August 2018 Market Analysis

2018-09-04 10:47:54
July 2018 Market Report

2018-08-01 10:08:46
June 2018 Market Analysis


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