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Summit County Sales Stats!

by Allison Simson

Summit County, Colorado September 2012 Real Estate Highlights (data provided by Land Title Guarantee Company):

Market Analysis by Area for September: The past few months continue to show improvement-September beat August 2012 numbers and was the best month so far in 2012. Gross volume was up and there were plenty of high end home sales in September. The Gross Volume was $88,134,600 and there were 158 transactions in September.

Market Analysis by Area Year- to- Date ( 9 months): There have been 1055 transactions, with $514,123,600 Gross Volume in the past 9 months. The Median Residential Price stays at $410,000 and the Average PPSF is $285. Some areas to mention:The two sectors of Breckenridge total 39% of the transactions and 33% of the $ volume, Copper had increased activity with 32 transactions and 2% of the overall $ volume.  Keystone had 13% of the transactions and 12% of the $ volume and Silverthorne carries 11% of the transactions and 13% of the $ volume. Frisco also picked up with 11% of the transactions and 10% of the $ volume- YTD.

Market Snapshot YTD: The upper end activity in September gave our Snapshot values a jump. The Median Single Family YTD indicates a 4% increase ( $609,000 from $583,750 in 2011), The Median Price of Multi- Family YTD shows a 6% increase from 2011 ( $324,300 from $305,000 in 2011) and Median Residential Vacant Land continues to increase with a 31% jump ($229,000 from $175,000 in 2011). There is plenty of GREEN across the board in September showing solid median averages and PPSF numbers.

Market Analysis % Change showing years 2004-YTD 2012: YTD 2012, gross volume is up 4% from YTD 2011. Gross monetary volume is up September 2012 by 10% from September 2011. September 2012 is showing the highest $ volume since October 2009. Number of transactions YTD 2012 vs. YTD 2011 are up by 5%. Number of transactions in September 2012 are down by 2% vs. September 2011.

Residential Market Sales by Price Point for September: Residential volume in September had 124 transactions with $77,612,700 gross volume.  There were 43 Single Family and 81 Multi-Family Residential properties sold in September, with the majority being in the price range of $200K to $300K. There were 19 properties that sold for $1M and above in September.
 
2012 Average Price History:  The Average prices reflected an increase across the board from August-The Single Family Residential average price was $758,340, the Multi-Family Residential average price is $360,718 and the Vacant Land Residential average price up at $314,185.
 
Historical Cost Breakdown 2012:  There were 842 Residential transactions YTD in 2012 and $443,289,700 gross volume and 75 properties over $1M.  YTD 2011, there were 811 transactions and $427,985,100 gross volume, 77 properties at $1M and over and YTD 2010, there were 721 transactions with $419,305,100 gross volume, 91 properties at $1M and over.

Top Lender Graph:- Cash sales stick at 44% of all Real Estate Closings.REFIs are strong and the main difference this month in loans was the drop with Timeshare loan closings.

Bank Sales and Foreclosures: Bank sales were down in September with only 2. There were a total of 19 Fee Simple Foreclose actions in September.


Highest PPSF for September 2012:
9/5/2012 $1,050,000 Crystal Peak Lodge Condo Unit  7207 aka 1891 Ski Hill Road – 3 Bedroom 3 Bath YOC 2007 with 1,440 SF Living Area.  PPSF is $729.17.
 
Highest Priced Sale for 2012:
9/4/2012 $5,570,100 Timber Trail Subd Lot 18 aka 0457 Timber Trail Road – 7 Bedroom 9 Bath YOC 2008 with 9,536 SF Living Area on .498 AC Land. PPSF is $584.11.  This is a new construction on a slopeside lot.  It should also be noted that the same purchaser also purchased the adjoining slopeside lot on a separate deed:
9/4/2012 $1,500,000 Timber Trail Subd Lot 14 aka 0339 Timber Trail Road – this lot adjoins Lot 18 and is a vacant residential site with .5280 AC Land.  It is also a slopeside lot.  PPAC is $2,840,909.

Please click on the link below for the September Land Title Market Data.
Land Title Guarantee Company September 2012 Market Analysis

Thank you for your referrals and continued support!

 

 

 

For answers to your real estate questions, call Allison at 970-468-6800. Email - [email protected]. Allison is a long time local in Summit County. Summit Real Estate – The Simson/Nenninger Team is located at the Dillon Ridge Marketplace. Allison’s long-time residency and years of real estate experience can help you make the most of any buying or selling situation. She’s a Certified Residential Specialist (CRS), the highest designation awarded to a Realtor in the residential sales field.  Her philosophy is simple, whether buying or selling, she understands that the most important real estate transaction is yours.  Want to know the value of your Summit County property? Visit www.SummitHomeValue.com  

 

Dreaming of a Vacation Home? Buy It Now!

by Allison Simson

When the economy was exploding in the early 2000s, many people began to dream about purchasing that vacation home in the mountains. However, with the booming economy came those skyrocketing house prices. Many of the homes we fell in love with quickly became out of reach financially. Now may be the time to look at those homes again- and give it some more thought!  Is this the year? 

With prices dropping by over 30% in some markets and with interest rates at historic lows (I can’t believe how low the rates are!), this may be the perfect time to do what you and your families have always dreamt of doing – buying that resort or retirement home.  Let’s look at the numbers.

Back in 2006 we may have seen the ‘perfect’ home but the $500,000 price tag was just out of reach. Today, we could probably get that home for $400,000 (if not less). We also would be financing it at the current mortgage rate instead of the rates available six years ago. The table below shows the difference in impact on our family’s finances:

Not every family is in the financial position to take advantage of the tremendous opportunities the current real estate market offers. But, if yours is, this may be the time for dreams to come true. (Graph reprinted with permission from the KCM Crew)

 

For answers to your real estate questions, call Allison at 970-468-6800. Email - [email protected]. Her philosophy is simple, whether buying or selling, she understands that the most important real estate transaction is yours.  Want to know the value of your Summit County property? Visit www.SummitHomeValue.com  

Sunshine, Storage & Sweet Views from Wildernest!

by Kelie Gray

6901 Villamont is a townhome style end unit located in Wildernest that will knock your socks off!  It is certainly one of the most appealing units in the complex for multiple reasons.  It’s an end unit, and has tons of windows to let the natural sunlight flood in.  The abundant windows also let you take in the awesome mountain and lake views from both levels of the property.  It also boasts one of the largest decks, and because it wraps around it is a great addition to your indoor and outdoor living space.  You would never know it was built in 1976 because this unit has updates galore! Wood floors, doors and trim, paint, carpet and counters are just a few of the nice touches you will find here.  A custom built in entertainment and storage center in the family room keeps your electronics up and out of the way and provides great additional storage. A brand new hot water heater means one less thing to worry about down the road.

Adding to the ease of livability, whether Summit County and its mountains are your primary residence or you’re looking for a vacation home, is all of the additional space to store your “toys”.  Ingenious bike storage in the unit is easy to use and out of the way!  An exterior storage closet nearby has tons of room for all of your summer and winter gear and whatever else you need to pack away from time to time.  The second bedroom now also boasts a walk-in closet, and all of the storage here is such a good and efficient use of the space.  A washer and dryer in the unit is so convenient and what a time saver! 

This property has 2 bedrooms, 1.5 bathrooms, 877 square feet and is listed for sale at $225,000.00.  Low HOA dues of $218/month include common area maintenance, common building taxes, building insurance, management, security, trash pickup and snow removal.  2012 property taxes were just over $900 for the year.  Don’t wait, give your broker or Summit Real Estate a call to see this bright and updated end unit today! 

 

 

Looking to Buy?  Not ready to speak to a broker?  Visit www.SummitHomeBuyer.com

 

Meet Kelie Gray, Buyer Specialist at Summit Real Estate-The Simson / Nenninger Team.  Devoted to working only with Buyers, this Specialist tours hundreds of properties and commits to having the most comprehensive knowledge in the market.  Kelie can be reached at (800) 262.8442 or (970) 468.6800, www.SummitRealEstate.com or email at [email protected]

 

 

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Summit Real Estate
The Bright Choice
330 Dillon Ridge Way, Suite 10
Dillon CO 80435
970-468-6800
800-262-8442
Fax: 970-468-2195

Allison Simson, Owner/Broker, is a licensed Colorado Real Estate Broker