Happy Tuesday Morning to you! 

For anyone who's counting...the statistical data for sales in Summit County 2009 is in! Here, in a nutshell, is the summary for Summit County As always, if you'd like more details, please just give us a call! 

*Summit County ended the year 2009 with $683,009,100 in monetary sales volume. This is 36% shy of the 2008 total.

*Total Transactions in 2009 totaled 1047, 32% shy of 2008's total.

*The areas that showed an increase in median average price for Single Family 2008 to 2009- Breckenridge at +14%, Keystone at +27%, Peak 7 ( Crystal Peak Lodge) at +33%, Silverthorne at +20%,- the total Median Price Single Family Gross Live Median increased by +4%.


*The areas that showed an increase in median average price for Multi-Family 2008 to 2009 –Copper Mountain at 21%, Silverthorne at 2% and Summit Cove at 22%-the total Median Price for Condo and Townhome sales overall decreased by 10%

*The total Median Price for Vacant Land only decreased from 2008-2009 by 3%.


*There were 136 Residential Units that sold for $1M and over in 2009 vs. 177 in 2008 and 208 in 2007.

*The most active Residential Price ranges in December were $200k-300k 21 transactions, $300K -400K 22 transactions, $400K-500K 21 transactions and $500K-600K21 transactions.

*The YTD Price Point Summary for 2009 indicates a total of 1047 transactions vs. 2008 at 1471 transactions and 2007 at 2581 transactions.

*The Year to Date 2009 areas with highest number of transactions: Breckenridge at 257, Keystone at 173 transactions, Frisco at 127 transactions, Silverthorne at 117 transactions, the Breckenridge Golf Course area at 116 transactions, and Wildernest with 114 transactions. Cash transactions are still averaging around 40% each month.

*Top Sale in Summit County: 12/21/2009 $8,285,000 Timber Trail Subd Lot 9 – 382 Timber Trail Road – 7 Brm 9 Bath – YOC 2006 – 6,565 SF on .545 Acres which is $1,262.00 PSF!

*The number of foreclosed homes in Summit County, while higher than 2008, is still very low (under 50 in 2009).

Note: This information was obtained from Land Title Guarantee company and 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.

Yes, Summit County has been hit by the national recession, but not nearly as hard as so many parts of the country.  For this we are thankful and hopeful for some stabilization in the national economy this year.

If you would like specific information about your Summit County property or any particular complex or subdivision, please respond to this email and we'll send you the 2009 Sales report for that area!

 

Warmly,Go Green 2

Allison Simson, Owner/Broker
Lynn Sustad, Buyer Specialist
Kelie Gray, Buyer Specialist
Anna Willis, Buyer Specialist
Kristi Warner, Client Care Manager
Margaret Bowes, Transaction Coordinator