Summit County Real Estate Market Data
January 2011
Monthly Data : January 2011 (posted 02/23/2011)
Notable Sales in January 2011:
- Highest Priced sale in January 2011: 1/3/2011 $3,700,000 Baldy Ridge Estates PUD Lot 7/8 aka 0070 Green Jay Lane – 6 Bedroom 7 Bath YOC 2005 with 6,978 SF Living Area on 3.527 AC Land. PPSF: $530.24
- Highest PPSF in January 2011: 1/4/2011 $725,000 Lone Eagle above River Run Condo Unit 3003 aka 0280 Trailhead Drive – 2 Bedroom 2 Bath YOC 2000 with 1,018 SF Living Area – PPSF: $712.18
- There were some notable sales at the Water House on Main Street Condo in Breckenridge project in January: Totaling $7,089,000 in Gross Volume, with an Average Price of $787,667 per Unit, encompassing 9 Sales at an Average Price PSF of $615.37
January 2011 Notes:
- Summit County Gross Real Estate Volume Graph: January 2011 was way up from January 2010 with monetary volume and transactions. We now have 8 years for your comparison.
- Market Analysis by Area for January: There were 87 transactions in January with $43,547,400 in monetary volume. The Median Transaction price for all 19 areas reported was $400,000, with the median residential price at $409,000. Valley Brook and Peak One Neighborhood both started closings in January, also Water House in Breckenridge made a difference this month. Overall, January was a good month- there were a lot of green indicators this month. The averages are showing an increase as well.
- Market Snapshot: The Median Price for Single Family from 2010 to YTD 2011 increased by 11%. The Median Price for Multi-Family from 2010 to YTD 2011 increased by 16%. The Median Residential Land price is still struggling with a 30% decrease 2010 to YTD 2011.
- Market Analysis % Change: 2011 Monetary Volume for transactions recorded is up 45% compared to 2010. 2011 transaction volume for all transactions recorded is up 61% compared to 2010.
- Residential Market Sales by Price Point: There were 76 Residential Improved Units sold in January. Price points are all over the board with the most sales in the 200K to 400K price point. A majority of the Valley Brook and Peak One accounted for the New Construction numbers. The Average prices for the Residential Improved Units are very similar to 2010 with vacant land still much lower. Average Single Family: $767,461, Average Multi-Family-$426,174 and Average Vacant Land $221,950.
- Historical Cost Breakdown: In January 2011- there were 76 Residential Improved Unit Transactions (Gross- $40,238,800) vs. 2010 January- 19 transactions (Gross- $10,755,600) and January 2009-48 transactions (Gross -$27,580,600).
- Top Lender Graph: Cash sales continue to climb – 54% this month! There were a total of 945 loans in January. 40 loans were related to sales, there were 280 REFI’s and 625 Deed of Trust were recorded for timeshare sales.
- Bank Sales: There were 11 Bank Sales in January totaling $4,418,300 in gross volume which accounts for 10.15% of overall gross volume.
- Foreclosure Info: January- There were 4 Fee Simple properties that made it to the PTD process.
2010 Year End Ski Resort Real Estate Index by County
The above .pdf link contains data from Eagle (Vail and Beaver Creek), Garfield (servicing Aspen and Snowmass), Pitkin (Aspen and Snowmass), Routt (Steamboat) and Summit (Breckenridge, Keystone, Copper Mountain, Arapahoe Basin) Counties and contains the following charts and tables:
- Gross Transaction Chart :Gross recorded real estate sales volume for all transactions in the 5 counties 2010, 2009, 2008, 2007, 2006, 2005 and 2004 full years, with data points shown for $ volume from 2010, 2007 and 2004.
- Comparison Charts (4 charts) : Number of Recorded Sales Transactions by County Full Years 2010, 2009 through 2008, Full Years 2009 and 2010 Average Price Per Square Foot Sales Summary for Single Family and Multi- Family Property Types , Average Sales Price: Single Family 2008 through 2010 and Average Sales Price: Multi-Family 2008 through 2010.
- Monthly Data : Showing 2010 vs. 2009 Number of Transactions, Single Family Average Price Index, Multi- Family Average Price Index and Single Family- Multi-Family Average Price Per Square Foot Comparisons. NEW: Number of Bank Sales Transactions 2010 vs. 2009 and New Construction Sales Volume 2010 vs. 2009.
- Monthly Data for the Comparison Charts : Gross Volume Transaction Report for all Recorded Transactions from 2006 through 2010, and Gross Transaction Report Summary with Year to Date Comparisons from 2010 through 2004.