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Summit County Real Estate Sales HistoryLand Title Guarantee Company DataLand Title is one of the largest and longest operating closing companies in Colorado. They have Summit County offices in Breckenridge, Frisco, and Dillon. They also have about 40 other offices throughout Colorado and customers are able to sign Closing documents at any of their locations, regardless of where the property is that they are buying or selling. About once a month or so, Land Title distributes market snapshots of real estate sales in the Summit County Colorado area. New data will be posted here as it comes out. Quartery Summit County Real Estate Reports
Monthly Summit County Colorado specific data (.PDF format)
Highlights of the above include: Oct - Each Month is showing signs of local Market improvement- October 2009 was the best month this year in terms of Gross volume and Number of sales. Overall, per area, $ volume, number of transactions, average transaction price, median transaction price, average residential price, median residential price and average residential PPSF were all UP in October compared to last month. --The highest number of transactions (160) so far this year with a total of $92,709,100 monetary volume, only down 22% from October 2008 and 9%( the best yet) with number of transactions. YTD, 2009 is down about 46% monetary volume and 43% transaction volume from last October YTD 2008. -Keystone had a high number of sales in October- the largest sale also transpired in Keystone in October, $3,050,000 in Settler’s Creek Subdivision, Lot 4- 5 bedroom, 5 bath, 2007 New Construction/Developer sale, 5,011 SF Living Area on .185 AC Land, $608.66 PPSF. -Blue River also had noticeably increased sales and values from last month. -There was one rare Development Parcel Sale in Silverthorne in October at Angler Mountain Ranch- $1,050,000 Cabins at Angler Mountain Ranch Filing #1, 2 Parcels totaling 16,0408 AC to be developed as : Angler Mountain Ranch Cabins Phase 1. This site sold for $$65,458.08 per AC. -YTD 2009 Residential Gross Price Index Single Family is still very high at $933,739, compared to years 2008 at $835,803, 2007 at $798,889 and 2006 at $737,253. The Mulit-Family and Vacant Land Gross Residential Price Index shows a decline in average price from the past 3 years. -The Average Price of all Residential Improved Units reflects the average price holding steady: YTD 2009: $544,069, YTD 2008 $582,729 and YTD 2007 $515,067. Sept - September 2009 was the best month this year in terms of Gross volume and Number of sales. Averages, Medians & PPSF are all still mostly in a declining trend. --The highest number of transactions (147) so far this year with a total of $81,015,200 monetary volume, down from September 2008 36% down monetary volume and 27 %( the best yet) with number of transactions. YTD, 2009 is down about 49-47% both monetary and transaction volume from last September YTD 2008. -The highest priced sale was on the Mountain in Breck, in Westridge Subd: Lot 7 sold for $3,375,000 on September 18th: It is a 6 Bedroom, 7 Bath home built in 1999 on .57 AC. It is 5,681 SF in size and sold for $594.09 PSF, cash at the time of closing. -The Median Transaction price for all recorded transactions (in all 19 areas per the Clerk and Recorder #’s) was $395,000 with the average PPSF at $314; The Average Transaction Price over the past 9 months (not Median- and in all 19 areas per the Clerk and Recorder #’s) was $547,829; The September Gross Residential Price Index reflects the average price at $977,704 for a Single Family, $353,379 for Mulit-Family and $434,400 for Vacant Land. -YTD 2009 Residential Gross Price Index Single Family is still very high at $925,927, compared to years 2008 at $835,803, 2007 at $798,889 and 2006 at $737,253. The Mulit-Family and Vacant Land Gross Residential Price Index shows a decline in average price from the past 3 years. - There were 84 Residential Improved Units that sold for $1M and up YTD -9 months-as of September 2009, there were 133 YTD in 2008 and 149 YTD in 2007. -The most active price areas in the Residential Improved Unit summary reflects $200K-400K, with 48 of the 127 units. - Active areas: Breckenridge had 36 transactions, Frisco 24 transactions, Keystone 14 transactions, Silverthorne 10 transactions and Wildernest 17 transactions in September. - 90 loans were related to the actual sales in September at 61% of the 147 sales transactions, 39% of the real estate closings were cash transactions.
Aug - The highest priced home sale in August was in Copper Mountain at Lewis Ranch- Lot 16 sold for $2.65M-5342 SF living area, 5 bedroom, 6 baths. PSF $496.07. New construction. -Residential sales over $1M are still holding strong- with 11 closings in August at $1M and up- one for exactly $1M is located in the $900,000 -$1M category in the Cost Breakdown worksheet. - The Carwash on Airport Road in Breck sold for $1.3M- Commercial Transaction. So far, YTD 47 Residential properties have sold for $1M and over, YTD 2008 there were 103 and YTD 2007 there were 124. -The highest number of transactions (114) so far this year with a total of $60,975 monetary volume, down from August 2008 34% down monetary volume and 38% with number of transactions. YTD, 2009 is down about 50% both monetary and transaction volume from last August YTD 2008. -Single Family YTD in Summit County still continues to exceed the past 3 years at $912,102; Multi Family and Vacant Land have dropped. July -The highest number of transactions (95) so far this year with a total of $47,401,000 monetary volume, down from July 2008 41% down monetary volume and 30% with number of transactions. - Keystone showed very strong sales, with many upward (green) numbers. Countywide: Gross Averages and Medians are all in the green, with the Gross PPSF showing a decline from June's Average. - There was a hotel that sold on 7/30/2009 $3,000,000 Sunwood Subdivision Lots 1,1A & 2 - Days Inn Hotel, 73 Rooms built in 1985 on 3 parcels totaling: 2.81 AC Total sf: 34,922 located in the Silverthorne Market Area. This is recorded as a commercial transaction. - There were 8 home sales recorded at or over $1,000,000 in value, with the average PPSF of $367.63 - in several areas of the county: Keystone, Breckenridge, Breckenridge Golf Course, Peak 7 and the Woodmoor Area (the price point summary breaks at 1,000,000 so one of the three in that category is exactly $1,000,000. The rest are under). -Single Family YTD in Summit County exceeds the past 3 years at $926,547. -Cash sales declined at a new low with 27% in July. -The most active price points in July were in the $200,000-$300,000 range in the Residential Improved Unit category. June: -80 transactions in June with a total of
$34,049,300 monetary volume, down from June 2008 63% down
monetary volume and 48% with number of transactions. May: -May had the highest average transaction price so far in 2009. -The gross Residential Volume in May is higher that the total volume for any month this year -There were 17 sales over $1M-16 of them were Residential. The other one was a $5M sale considered a development parcel known as Eagles Nest Mountain Ranch. -There was a decline in DOT recorded contributed to the decrease in Timeshare loans; REFI’s and new sale loans were strong in May. April: -YTD, Summit County monetary volume continues to be down 60%, and numbers of transactions were down 58% compared to 2008. YTD, both monetary volume and number of transactions continue to be down 60% compared to YTD 2008. -Single Family Average price in April is still holding up compared to 06, 07 and 08. -The Residential Improved Unit Average Price in April YTD is still above 08 and 07. - Cash transactions were 47% of all Real Estate closings for the month of April. Resort Real Estate Index by County (.XLS format): Land Title Resort Real Estate Index by County from Eagle, Garfield, Pitkin, Routt and Summit Counties. On this MS Excel file, you will find the following eight worksheets within each spreadsheet:
New format begining with data for the third quarter of 2009: 2009 Third Quarter Land Title Resort Real Estate Index by County from Eagle, Garfield, Pitkin, Routt and Summit Counties You will find FOUR worksheets within the above spreadsheet: v Gross Transaction Chart-Gross recorded real estate sales volume for all transactions in the 5 counties YTD 2009 ( up to September), YTD 2008, 2007, 2006, 2005 and 2004 full years v Comparison Charts-5 charts: Number of Recorded Sales Transactions by County YTD 2009 through 2007, Percentage of New Construction Sales from Gross Volume Sales by County TYD 2009 through 2007, Year to Date 2009 Average Price Per Square Foot Sales Summary: Single Family and Multi-Family Property Types, Average Sales Price for Single Family Residences by County: YTD 2009 through 2007, Average Sales Price for Multi-Family Residences by County YTD 2009 through 2007 v Monthly Data-Monthly Gross Volume Transaction Report for all recorded transactions and Gross Transaction Report Summary & Year to Date Comparison v Monthly Data for the Comparison Charts
Title Company of the Rockies DataTitle Company of the Rockies is another of the larger closing companies in Summit County with offices in Breckenridge and Frisco. Their market data comes out less often and will be posted here as well. Jan 2009 : 2008 year end sales figures for all of Summit County broken down by area, property type, and quarter in .PDF format. Apr 2009 : Q1 2009 data in the same format as above. July 2009: Q1 and Q2 data, again in .PDF format. Raw Summit County Real Estate Sales DataBelow you will find Summit County real estate sales information dating back to Jan 01, 2000 in tab delimited text tables. There are some occasional errors and omissions in this Summit County real estate sales data. For example, some properties are listed in the wrong towns and there are some properties which have square footages equal to 0. Also, Summit County real estate sales by For Sale By Owners may not be represented here. This data is also limited to Summit County real estate sales priced over $100,000 to eliminate most of the timeshares, partial ownership's, etc. Some condos contain lot information. Some dates my be incorrect and there may be other errors and omissions as well. For detailed information on current Summit County real estate listings, please visit the Summit County real estate search page of this site. Summit County Real Estate SalesThe links below will direct you to Tab Delimited text files which are intended to be opened with a spreadsheet program such as MS Excel. To do so, right click on a link and save the link target to your hard drive. Then open it with the program of your choice. Residential Reale Estate The following is a summary of the above Summit County residential real estate sales information:
Between 2000 and 2008, an average of 41% of residential sales occured in the first half of the year. Vacant LandThe following is a summary of the above Summit County vacant land sales information:
Between 2000 and 2008, an average of 51% of vacant land sales occured in the first half of the year. Please note that all data comes from actual recorded transactions at the County Clerk and Recorder’s Office. 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. Ted Amenta is an Independent Broker D.B.A. Amenta Real Estate
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