Summit County Market Update

Happy Tuesday Morning to YOU!

What's the Summit County real estate market up to? 

January 2014 Highlights:

  • Market Analysis by Area for January: The first month of  2014 was decent and very comparable to January 2013 with $52,155,100 in gross sales and 102 transactions. The average transaction price was $514,524. The average residential Price/square foot was $302. Frisco had a very high end commercial sale ( Best Western) that closed in January.
  • Market Snapshot for 2014 vs. 2013:  Values are as follows: Single Family -2%, Multi- Family +1% and Vacant Land -15% for the Average, and Median indicators: Single Family +17%, Multi- Family  -8% and Vacant Land +35%.  We are only comparing one month to the full year of 2013 at this time. 
  • Market Analysis % Change showing years 2004-2014 YTD: January monetary volume ($52,155,100) was down 2% from January 2013. Transactions (102) were down 6% from January 2013. 
  • Residential Market Sales by Price Point : Residential volume in January had 83 transactions with $38,988,500 gross volume.  There were 7 properties that sold for $1M and above in January.  The most active price points in January continue to be between $200K -$300K.   January had 26 Single family, 57 Multi-family and 7 vacant land transactions.
  • 2014 Average Price History: Average residential pricing continues to be consistent as of January - Single family is $736,719, Multi- family is $347,961  and Vacant Land is $276,643. Our market is holding value!!
  • Loans vs Cash: There were 627 loans in January, 48%  were related to sales and 52% of the sales were cash at closing.
  • Buyer Highlights:  In January, the majority of second homeowner real estate transactions continue to be the Front Range demographic at 48% of our market, only 22% are local and 30% are out of state buyers YTD. (Information courtesy of Land Title Guarantee Company)

For a more in-depth look at the individual towns in Summit, please click below!! 

1) Summit County Update
2) Breckenridge
3) Dillon
4) Frisco
5) Keystone
6) Wildernest_Silverthorne

And Here's Your Morning Coffee!

Check out this really great property in Wildernest:

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Price: $495,000

Beds: 4

Baths: 3

Sq Ft: 2034

This huge duplex boasts 4 bedrooms + den, oversized 2 car garage, tons of windows & sleeps 15! Gorgeous views all around, from the lg master deck in front, to the lovely views of Buffalo & Red Mtns from the private hot tub & deck in back. Lg master ...

View this property >>

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