Summit County Real Estate Market Data
One of the most common questions asked by potential Buyers and Sellers of Summit County real estate is "how is the market doing?". The following information is provided by a variety of sources and seeks to answer this general question.
Most of this market data is assembled in the aggregate (i.e. totals, averages, trends, etc.).
Determining the fair market value of any specific property at any given point in time requires comparing it to the most recent sales and current listings of comparable properties. Contact us for such an analysis and visit our blog for periodic articles based on the data below.
Land Title Guarantee Company Data
Land 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.
September 2016 Highlights:
- Market Analysis by Area for September 2016: There were 297 transactions and $174,179,706 in monetary volume. Some trends for all 18 reported areas: $596,761- Average transaction price, $612,119- Average Residential price and $385- PPSF, all up from July and August 2016.
- Year to Date Market Analysis (9 months): Monetary volume was $951,530,665 with 1752 transactions. Average transaction price-$552,761, Average residential price-$569,158 and PPSF-$368.
- Market Snapshot for Years 2016 vs 2015: Average Indicators for $: Single Family +8%, Multi- Family 0% and Vacant Land -10%. Median Indicators for $: Single Family +8%, Multi- Family 3% and Vacant Land -4%.
- Market Analysis % Change YTD 2016 Data ( 9 months): Monetary volume ($174,179,706) in September was up 5% compared to September 2015. Number of transactions (297) was fairly flat at -1% in September compared to September 2015. YTD 2016, monetary volume is pacing flat at -1% compared to YTD 2015 and transactions continue that same trend at -1% compared to YTD 2016. There continues to be a shortage of inventory in Summit County.
- Residential Market Sales by Price Point: Residential volume in September had 243 transactions with $148,744,985 gross volume. There were 29 properties that sold for $1M and above in September. The most active price points were up from the past few months. They were between the $400K-$500K (49) range. There were 87 Single Family, 156 Multi-Family and 16 Vacant Land transactions in September.
- Comparative Historical Cost Analysis ( 9 months): There were 1463 residential transactions and $832,677,478 volume with 150 properties selling for a $1M and over-compared to 2015, there were 1438 transactions and $784,072,868 gross volume, 140 properties at $1M and over and in 2014, there were 1189 transactions with $598,246,081 gross volume, 91 properties at $1M and over.
- Average Price History by Type (9 months): Average price for residential Single Family: $922,641, Multi- Family: $400,798 and Vacant Land: $336,198.
- Top Lender Graph: There were 648 loans in September, 70% of the loans were related to sales, there were 177 REFI's and 264 loans were timeshare related. 30% of the real estate closings were cash transactions.
- Market Highlights: Please see page 10 of the Market Analysis- You can note the higher priced sale in September in the Lewis Ranch area at Copper and a Waterhouse Condo for highest PPSF. There were no bank sales in Sept.
- Foreclosures: There was only 1 foreclosure Fee Simple property in September.
- Purchaser Profile Abstract: Upper end purchasers totaled 31 in September. Our buyers for real estate transactions were the Front Range demographic at 38% of our market, 26% are "local" and 36% are out of state buyers with 0% International. There is a new page 15 with the Purchaser Detailed Profile for specifics on our Out of State buyers.
- Land Title New Development Summary: This (page 16) shows all the new construction each month with 17 in September.
Colorado Resort Real Estate Market Data
For those interested in the broader Colorado resort real estate market, we'd like to share some valuable information on the real estate market in seven of our Colorado mountain communities of Breckenridge (Summit County), Aspen (Pitkin County), Steamboat Springs (Routt County), Glenwood Springs (Garfield County), Winter Park (Grand County), Vail (Eagle County), and Telluride (San Miguel County).
2016 Second Quarter Highlights from the Seven Counties:
- Buyer Profile: 51.49% local, 22.36% Front Range, 25.54% Out-Of-State, .62% international.
- Three counties saw an increase in the number of transactions compared to last year's Q2 numbers. Grand had the biggest increase with 40.00%.
- Average residential price up in Garfield, Pitkin and Summit counties. Top county was Garfield with a 10.65% increase.
- In gross volume sales, Garfield county saw the biggest increase at 21.30%
- Median Residential Price up 5.42% from Q2 LY numbers
- Average Residential Price up 4.59% from Q2 LY numbers
- Gross Sales Volume down .91% from LY numbers
- Real Estate Transactions down 7.59% from Q2 LY numbers
- Buyer Profile: 33.72% local, 35.18% Front Range, 30.48% Out-of-State, 0.63% International
- Median Residential Price up 3.16% from Q2 LY numbers
- Gross Sales Volume down 13.58% from LY numbers
- Average Residential Price down 13.01% from Q2 LY numbers
- Real Estate Transactions down 1.75% from Q2 LY numbers
- Buyer Profile: 55.67% Local, 15.13% Front Range, 28.01% Out-of-State, 1.18% International
- Median Residential Price up .26% from Q2 LY numbers
- Average Residential Price up 10.65% from Q2 LY numbers
- Gross Sales Volume up 21.30% from LY numbers
- Real Estate Transactions up 6.37% from Q2 LY numbers
- Buyer Profile: 88.93% local, 3.14% Front Range, 7.79% Out-of-State, 0.14% international
- Median Residential Price up 2.07% from Q2 LY numbers
- Average Residential Price down 8.47% from Q2 LY numbers
- Gross Sales Volume up 18.18% from LY numbers
- Real Estate Transactions up 40.00% from Q2 LY numbers
- Buyer Profile: 30.63% local, 53.29% Front Range, 16.08% Out-of-State, 0% international
- Median Residential Price down 3.09% from Q12 LY numbers
- Average Residential Price up 1.83% from Q2 LY numbers
- Gross Sales Volume down 41.86% from LY numbers
- Real Estate Transactions down 36.71% from Q2 LY numbers
- Buyer Profile: 43.12% local, 4.59% Front Range, 51.38% Out-of-State, .92% international
- Median Residential Price up 10.0% from Q2 LY numbers
- Average Residential Price down 1.42% from Q2 LY numbers
- Gross Sales Volume up 18.5% from LY numbers
- Real Estate Transactions up 20.74% Q2 LY numbers
- Buyer Profile: 54.86% local, 14.99% Front Range, 30.14% Out-of-State, 0% International
- Median Residential Price is down 31.3% from Q2 LY numbers
- Average Residential Price down 6.34% from Q2 LY numbers
- Gross Sales Volume down 10.17% from LY numbers
- Real Estate Transactions are flat from Q2 LY numbers
- Buyer Profile: 46.03% Local, 1.19% Front Range, 50.79% Out-of-State, 1.98% International
Historical Summit County Real Estate Market DataSummit County real estate charts, table and graphs going back as much as 27 years.
Summary Table of Residential and Vacant Land Sales
|Residential Summit County Real Estate Sales||Vacant Land Summit County Real Estate Sales|
Raw Summit County Real Estate Sales Data
Below 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 information. For example, some properties indicate square footages equal to "0". Also, Summit County real estate sales by "For Sale By Owner" may not be represented here. Effort has been made to eliminate most of the timeshares, partial ownership's, etc. As part of this effort, properties priced under $100K have been removed. Some condos indicate lot information which is typically a result of the building and unit numbers being entered in the wrong place. And there may be other errors and omissions as well.
The 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.
Summit County Residential Real Estate
- Calendar Year : | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |