Apr 2011 Summit County Real Estate Sales
Summit County Real Estate Market Data
April 2011
Monthly Data : April 2011 (posted 05/28/2011)
Notable Sales in April 2011:
- The highest priced sales are the assemblage purchase for Lowes in Silverthorne:
- 4/27/2011 $3,963,000 Bass Auto Park Subd Lot 1 & Sec 12-5-78 Arctic Placer MS #12964 aka 0201 Buffalo Mountain Drive – Two Commercial Properties with a total of 22,986 SF Building Area and 3.8 AC Land Area. YOC 1986. PPSF is $172.44. Purchaser is: Lowes HIW, Inc.
- 4/27/2011 $2,750,000 Bass Auto Park Subd Lot A aka Buffalo Mountain Drive (N/A Street Address) Vacant Commercial Site of 7.4 AC Land Area. PPAC is $371,622. Purchaser is: Lowes HIW, Inc.
- Highest Priced Residential Sale: 4/29/2011 $2,235,000 Swan River Valley PUD Lot 1, Parcel C aka 2045 Tiger Road – 5 Bedroom 5 Bath YOC 2007 with 4,775 SF Living Area on 3.76 AC. PPSF is $468.06. This is a New Construction Sale.
- Highest PPSF April 2011: 4/1/2011 $805,000 One Ski Hill Place Condo Unit 8216 aka 1521 Ski Hill Road – 1 Bedroom 2 Bath YOC 2008 with 691 SF Living Area. PPSF is $1,164.98. This is a New Construction Sale.
April 2011 Notes:
- Summit County Gross Real Estate Volume Graph: April was actually a great month in Summit County, with $66M Gross Volume, the best so far in 2011.
- Market Analysis by Area for April: There were 106 transactions in April with $66,323,300 in monetary volume. Breckenridge had 39 transactions, Keystone 13 transactions and The Breckenridge Golf Course area had 10 transactions in April. The Median Residential Price for all 19 areas combined is at $500,000.
- Market Analysis by Area YTD: As of this April YTD, Breckenridge has had 126 transactions, Median Residential Price =$551,000, Breckenridge Golf Course area has had 32 transactions with Median Residential Price=$957,000, Wildernest has had 29 transactions with Median Residential Price = $275,000, Frisco has had 28 transactions with Median Residential Price=$400,000, Silverthorne has had 26 transactions with Median Residential Price = $375,000 and Blue River has had 26 transactions with the Median Residential Price=$502,500.
- Market Snapshot: The Median Price for Single Family from 2010 to YTD 2011 once again shows an increase of 8%. The Median Price for Multi-Family from 2010 to YTD 2011 increased to 2%. The Median Residential Land price is continues to fall with a 44% decrease 2010 to YTD 2011.
- Market Analysis % Change: YTD 2011 Monetary Volume for transactions recorded is up 34% compared to YTD 2010. YTD 2011 transaction volume for all transactions recorded is up 29% compared to YTD 2010. Monetary Volume for April 2011 is up 63% compared to April 2010 and transactions for April 2011 are up 16% compared to April 2010.
- Residential Market Sales by Price Point: There were 87 Residential Improved Units sold in April. There were 14 Residential sales over $1M!. The most active price point went up a little bit at $300K to $400K. YTD there have been 116 Single Family sales totaling $88,722,900, 184 Multi-Family totaling $75,432,600 and Vacant Land at 30 transactions totaling $8,566,900.
- Average Price History: YTD Single Family Residential Average Price this month at $764,853, Multi-Family Residential is at $409,960 and Vacant Land Residential continues to drop at $285,563. All three of these categories are up slightly from March 2011.
- Historical Cost Breakdown: In YTD 2011- there were 300 Residential Improved Unit Transactions (Gross- $164,155,500) vs. 2010 YTD- 213 transactions (Gross- $109,612,500) and YTD 2009-194 transactions (Gross -$117,609,100). YTD 2011 is showing steady signs of improvement with more transactions and higher gross volume over the past years this same time.
- Top Lender Graph: Cash sales decreased to 59% in April. There were a total of 407 loans in April. 43 loans were related to sales, there were 137 REFI’s and 227 Deed of Trust were recorded for timeshare sales.
- Bank Sales: There were 10 Bank Sales in April, totaling $5,130,000 in Gross Volume or $513,000 per unit. This accounts for 7.73% of the overall gross volume in sales. YTD, there have been 44 Bank Sales totaling $19,152,100 in Gross Volume or $435,275 per unit, this accounts for 9.92% of the gross volume sales. This month’s Banks Sales are about the same as last year.
- Foreclosure Info : April- There were 16 Fee Simple properties that made it to the PTD process. YTD: 109 FEE SIMPLE properties are in the Foreclosure PROCESS. Blue River, Silverthorne and Breckenridge show the highest numbers of Fee Simple properties enduring the Foreclosure process.
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