Archive for April, 2011

March 2011 Summit County Market Analysis

Below you will find the Land Title Guarantee Company March 2011

Market Analysis link.

Click the link to view the complimentary Summit County data below from Land Title:


Land Title Guarantee Company March 2011 March Analysis


Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office for that particular month. 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.


Within the link, you will find:


· Summit County 2004-2005-2006-2007-2008-2009-2010-YTD 2011 Graph Commparison ( Page 1) This graph shows 7 full years for comparison, with YTD March 2011 numbers. This graph shows all transactions that were recorded with a doc fee and correlates to the March Market Analysis by Area graph.



· Market Analysis by Area for the month of March 2011 ( Page 2): On the Market Analysis by Area report please note the color coded system;

Green Text indicates an increase from the previous month’s value.

Black Text indicates the value is the same or not applicable from the previous month’s value.

Red Text indicates a decrease from the previous month’s value.

- Colored text is not used for % Calculations – all of those columns will remain black

- There is an average transaction price and median transaction price columns are added for comparison.

- Price per Square Foot (PPSF) was also added to the last column.

*Please note on this report- there is a line item about the recent month’s Bank Sales Activity for the month a the top of this report.


· Market Analysis by Area 2011( Page 3) (3 months)


· Market Snapshot by Area & Property Type Comparison ( Page 4)- comparing Full Year 2010 vs. YTD 2011. The top graph shows the Average Price Comparison which shows the average price for Single family, Multi- Family and Residential Land showing percent change in all 19 areas reported at the County Clerk and Recorder’s office. The Median Price Comparison- compares Median Single Family, Multi-Family and Residential Land with percentage change. Sales believed to be inaccurate indicators of the market have been eliminated in this bottom report. The bottom graph shows Full Interest, Fee Simple, Arms- Length transactions.



· Market Analysis % Change ( Page 5) from 2004, 2005, 2006, 2007, 2008, 2009, 2010 and YTD 2011. This 2011 data is coming from the March Market Analysis by Area graph each month with ALL transactions with a DOC fee at the Clerk and Recorder’s office


· Residential Market Sales by Price Point March 2011( Page 6) –This chart shows New Construction, Resales and March Gross Residential Price Index and YTD Gross Residential Price Index for 2011. It also shows Full Years 2010, 2009, 2008, 2007 and 2006 Gross Residential Price Index with # of transactions, total volume and average price for Single Family, Multi- Family and Vacant Land.



· Average Price History Full Years 2006 to 2010, YTD 2011 ( Page 7) – based on data from the Residential Market Sales by Price Point Summary.


· Historical Cost Breakdown March for Residential Improved Units ( Page 8)- YTD March 2011 and Price Point Summaries YTD from 2010 and 2009 for comparison



· Top Lenders’ Graph ( Page 9) for March 2011


· Bank Sales March 2011 details ( Page 10)-The Market Analysis by Area now reflects the number and total of Bank Sales with the Gross Volume and % volume of the overall gross volume in sales at the top of the Market Analysis by Area worksheet- this is the detailed information for your records for the month of March 2011.


· Land Title’s March 2011 Foreclosure Process Document Breakdown for Summit County ( Page 11)

This report shows how many Timeshares, Fee Simple and Unknown with No legal shown are going into the Foreclosure process and where they are within the process.

- Notice of Election & Demand for Sale ( NED) with Step process

- Certificate of Purchase ( COP) with Step process

- Public Trustee’s Deeds ( PTD) with Step Process

· March 2011 Summary of Foreclosure Actions( Page 12)- this report shows the Summit County foreclosures property summary with property types and locations YTD with snapshot graphs for your marketing efforts


· 2009 and 2010 Summit County Foreclosure Summary (Page 13)- This is for comparison, showing the snapshot of what happened in 2009 and 2010.


Notable Sales in March 2011:

The Highest Price for March 2011 is a commercial property:

3/31/2011 $1,850,000 Frisco Station Commercial Condo Units: 5 through 10 Inclusive aka 0842 North Summit Boulevard. The Total Commercial Improved space is: 8,393 SF, built in 1988. PPSF is $220.42 Retail Commercial Use. All Summit County Condos for sale listings


The Highest PPSF for March 2011:

3/24/2011 $930,000 Water House on Main Street Condo Unit 5109 aka 0600 South Main Street – 3 Brm 3 Bath YOC 2008 with 1,405 SF Living Area. This is a New Construction Sale. PPSF is $661.92


March 2011 Notes:

· Summit County Gross Real Estate Volume Graph: March was a positive month, over last year in both gross monetary volume and number of transactions. The first 3 months of 2011 are above last years first quarter.


· Market Analysis by Area for March: There were 102 transactions in March with $44,858,700 in monetary volume. The Copper area is showing some more activity. The most transactions continue to be in Breckenridge.



· Market Analysis by Area YTD: As of this quarter- Breckenridge has had $45,546,400 monetary volume, with 87 transactions, Median Residential Price at $454,750 and average PPSF is $425. Copper shows $4,786,500 with 12 transactions, Median Residential Price $362,500 and average PPSF is $366, Frisco has had $10,330,000 with 22 transactions, Median Residential Price at $400,000 and average PPSF is $241. Keystone has had $11,727,700 with 28 transactions, Median Residential Price $353,100 and average PPSF is $316. Silverthorne has had $7,851,800 with 18 transactions and the Median Residential Price is $338,000 with the average PPSF is $221.


· Market Snapshot: The Median Price for Single Family from 2010 to YTD 2011 once again shows an increase of 2%. The Median Price for Multi-Family from 2010 to YTD 2011 decreased by 1%. The Median Residential Land price is continues to fall with the 41% decrease 2010 to YTD 2011.



· Market Analysis % Change: YTD 2011 Monetary Volume for transactions recorded is up 22% compared to YTD 2010. YTD 2011 transaction volume for all transactions recorded is up 35% compared to YTD 2010. Monetary Volume for March 2011 is up 20% compared to March 2010 and transactions for March 2011 are up 19% compared to March 2010. This historical graph indicates some positive movement. Mountain real estate Colorado



· Residential Market Sales by Price Point: There were 72 Residential Improved Units sold in March. There were 4 sales over $1M. The most active price point was $200K to $300K. YTD there have been 74 Single Family sales totaling $52,556,800, 139 Mulit-Family totaling $55,845,900 and Vacant Land at 24 transactions totaling $6,062,000.


· Average Price History: YTD Single Family Residential dropped again this month at $710,227, Multi-Family Residential dropped at $401,769 and Vacant Land Residential continues to drop at $252,583.


· Historical Cost Breakdown: In YTD 2011- there were 213 Residential Improved Unit Transactions (Gross- $108,402,700) vs. 2010 YTD- 137 transactions (Gross- $71,855,500) and YTD 2009-148 transactions (Gross -$83,877,000). 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 43% in March There were a total of 491 loans in March. 58 loans were related to sales, there were 188 REFI’s and 245 Deed of Trust were recorded for timeshare sales.



· Bank Sales: Bank sales are slightly down remain about the same in March. Bank owned properties continue to clear out as foreclosure action slow in March. There were 13 Bank Sales in March, totaling $4,630,900 in Gross Volume or $356,223 per unit. This accounts for 10.32% of the over all gross volume in sales.


· Foreclosure Info: March- There were 18 Fee Simple properties that made it to the PTD process. The overall difference for March 2011 compared to March 2010 with Foreclosure actions is 53 vs 62 which is a -14.5% difference- the bank owned properties continue to clear out as foreclosure actions slowed in March.


Directions to view Foreclosures: Go to co.summit.co.us, on the left hand side, click on “Treasurer and Public Trustee”, Click on “Foreclosure Property Search”, Click on the “Foreclosure List (PDF format)”.



Breckenridge Events April 28 – May 7 2011

BRECKENRIDGE CALENDAR of EVENTS: (a) – Activity (b) – Bar/Club/Nightlife (c) – Cultural Activity (e) – Event (h) – Historical Activity (i) – Information (k) – Kids’ Activity/Event(r) – Restaurant/Food (s) – Shopping

Breckenridge  Events for April 28 – May 7
Thu Apr 28 Ice Skating at the Stephen C. West Ice Arena
Stephen C. West Ice Arena, 0189 Boreas Pass Road

Great fun for people of all ages and abilities!
Affordable skate rentals are offered for your convenience.
Held daily on either the indoor or outdoor rink. (View schedule!)
Schedule is subject to…
Breckenridge Recreation Center
880 Airport Road

BodyPump 6:15am & 7:45am; Basic Yoga 9am; Zumba 11am; Cycling 12pm; Yoga 12pm; Cycling5:30pm; BodyPump 5:30pm; Pilates at Carter Park 6:35pm;
Visitors Looking for real estate in Breckenridge? Please call 970-389-8899

2:00 pm Open Studio at the Quandary Antiques Cabin
131 South Ridge Street Ends @
6:00

Drop in and play with clay. Open studio is intended for ceramic enthusiasts that have some experience. Work on a clay project of your choice with limited instruction. $12 drop in fee includes 1/3 bag…
Tin Shop Guest Artist Program
117 East Washington Avenue Ends @
6:00

Stop by the Tin Shop and see what guest artist Bill Guffey is working on while he lives and works there! He is an oil painter who brings life to his landscape and urban painings. He is also an…
6:00 pm Culinary Adventure: Bangkok on Foot New!
Colorado Mountain College, 107 North Denison Placer Ends @
9:00

The tastiest food in Thailand is not found in restaurants but in the plethora of street stalls lining the streets. Come explore the variety of exotic dishes that one would find while traveling… Read more »

Breckenridge Events for April 21 – 30 2011

BRECKENRIDGE CALENDAR of EVENTS: (a) – Activity (b) – Bar/Club/Nightlife (c) – Cultural Activity (e) – Event (h) – Historical Activity (i) – Information (k) – Kids’ Activity/Event(r) – Restaurant/Food (s) – Shopping

Breckenridge This Week
Events for April 21 – 30
Thu Apr 21 All U Can Eat Rib Night at the Motherloaded New!
103 South Main Street

All You Can Ribs and Foosball Tournament at The Motherloaded!
Ice Skating at the Stephen C. West Ice Arena
Stephen C. West Ice Arena, 0189 Boreas Pass Road

Great fun for people of all ages and abilities!
Affordable skate rentals are offered for your convenience.
Held daily on either the indoor or outdoor rink. (View schedule!)
Schedule is subject to…
20% Off All Rentals @ Base Mountain Sports
500 South Park Ave
Breckenridge CO 80424

Mention that you saw this special at gobreck.com to receive discount. Stop in and see why all the locals choose Base Mountain Sports!
Breckenridge Recreation Center
880 Airport Road

BodyPump 6:15am & 7:45am; Basic Yoga 9am; Zumba 11am; Cycling 12pm; Yoga 12pm; Cycling5:30pm; BodyPump 5:30pm; Pilates at Carter Park 6:35pm;
Visitors Looking for real estate in Breckenridge? Call – 970-389-8899

9:00 am Workplace Wellness
Senior Center, 151 Peak One Blvd, Frisco Ends @
10:00

The Summit County Worker’s Compensation Safety Group, Arrow Insurance Management and Pinnacol Assurance are sponsoring a quarterly safety seminar and you are invited.
Rhonda Koehn, High Country…
11:00 am Thirsty Thursday at the Coppertop
Base of Peak 9 in Beaver Run Resort Ends @
7:00

$4 Sailor Jerry and $4 Colorado Craft Beer
2:00 pm “5′Till 5″ Terrain Park Happy Hours
5 Chair Lift, Freeway and Park Lane Ends @
5:00

Calling all park hounds – Thursday nights in April are for you! The 5 Chair Lift, along with both Freeway and Park Lane, stay open one hour later. The FREE happy hours feature DJs spinning tunes,…
Easter Hats & Cookie Decorating at AllenellA Studio
101B South Main Street, entrance on Ski Hill Road just west of Main Street Ends @
6:00

Join us anytime between 2-6pm for Easter Hats and Cookie Decorating.
Open Studio at the Quandary Antiques Cabin New!
131 South Ridge Street Ends @
6:00

Drop in and play with clay. Open studio is intended for ceramic enthusiasts that have some experience. Work on a clay project of your choice with limited instruction. $12 drop in fee includes 1/3 bag…
Tin Shop Guest Artist Program New!
117 East Washington Avenue Ends @
6:00

Stop by the Tin Shop and see what guest artist Bill Guffey is working on while he lives and works there! He is an oil painter who brings life to his landscape and urban painings. He is also an…
4:00 pm Local Musicians at the Coppertop! New!
Coppertop at Beaver Run Resort – Third Floor Ends @
8:00

What a fun night for drinks and snacks while enjoying the music of Breck Local’s at Coppertop Bar! $5 suggested donation at the door, all proceeds go to the Breckenridge Resort Chamber Ambassador’s…
Public Reception for Tin Shop Guest Artist New!
117 East Washington Avenue Ends @
6:00

Stop by the Tin Shop and welcome guest artist Bill Guffey to Breckenridge. He’ll be living and working at the Tin Shop through May 8. Refreshments and light appetizers will be served.
Euphoric Hour at Ember
Ember Restaurant, 106 East Adams Avenue Ends @
5:30

Featured specials include 50% off wines by-the-glass, $3 off Culinary Cocktails and $4 appetizers. Euphoric Hour is only available at the bar on a first-come basis. For the 21+ crowd only.
6:30 pm Glass Plate Etching at AllenellA Studio Updated!
101B South Main Street, entrance on Ski Hill Road just west of Main Street Ends @
8:30

We supply all you need to create a custom etched glass plate. Bring any drinks or appetizers you might want during the class. We provide cups, corkscrews, ice buckets, plates, napkins, and…
8:00 pm Apres Ski at the Gold Pan Saloon
Gold Pan Saloon, 103 North Main Street Ends @
10:00

Nightly drink specials every night from 8-10pm.
9:00 pm Live Music at Three20 South New!
320 South Main Street Ends @
12:00

Break Science ft Adam Deitch (Pretty Lights) w/ J.Wail ft. Chuck Morris of LOTUS Read more »

Breckenridge Events for April 7 – 16 2011

Thu Apr 7 Ice Skating at the Stephen C. West Ice Arena
Stephen C. West Ice Arena, 0189 Boreas Pass Road

Great fun for people of all ages and abilities!
Affordable skate rentals are offered for your convenience.
Held daily on either the indoor or outdoor rink. (View schedule!)
Schedule is subject to…
20% Off All Rentals @ Base Mountain Sports
500 South Park Ave
Breckenridge CO 80424

Mention that you saw this special to receive discount. Stop in and see why all the locals choose Base Mountain Sports!
Breckenridge Recreation Center
880 Airport Road

BodyPump 6:15am & 7:45am; Basic Yoga 9am; Zumba 11am; Cycling 12pm; Yoga 12pm; Cycling5:30pm; BodyPump 5:30pm; Pilates at Carter Park 6:35pm;
Visitors Looking for real estate in Breckenridge?

11:00 am Thirsty Thursday at the Coppertop
Base of Peak 9 in Beaver Run Resort Ends @
7:00

$4 Sailor Jerry and $4 Colorado Craft Beer
Barney Ford House Museum
111 E. Washington Ave., Breckenridge. Ends @
3:00

Visit the home of Barney Ford, an escaped slave who prospered and became a prominent entrepreneur and blacks civil rights leader in Colorado. In 1890, Ford became Breckenridge’s first black…
Edwin Carter Museum
111 N. Ridge St., Breckenridge. Ends @
3:00

Take an interactive journey into the life of Breckenridge’s famous log cabin naturalist, professor Edwin Carter. Tour Carter’s 1875 museum, where he practiced taxidermy and ammassed a collection of…
Guided Historic Walking Tour
203 S. Main St., Breckenridge. Ends @
12:30

Take a tour through Breckenridge’s nationally recognized Historic District. Along the way, hear stories about the gold seekers, rough individuals and other hardy souls who lived in Breckenridge more…
2:00 pm “5 ‘Till 5″ Terrain Park Happy Hours
5 Chair Lift, Freeway, and Park Lane Ends @
5:00

Calling all park hounds – Thursday nights in April are for you! The 5 Chair Lift, along with both Freeway and Park Lane, stay open one hour later. The FREE happy hours feature DJs spinning tunes,…
4:00 pm Ladies Night at Valleygirl Boutique
125 S. Main Street Ends @
7:00

Enjoy complimentary refreshments and ask about the special promotion of the day!
Euphoric Hour at Ember
Ember Restaurant, 106 East Adams Avenue Ends @
5:30

Featured specials include 50% off wines by-the-glass, $3 off Culinary Cocktails and $4 appetizers. Euphoric Hour is only available at the bar on a first-come basis. For the 21+ crowd only.
8:00 pm Apres Ski at the Gold Pan Saloon
Gold Pan Saloon, 103 North Main Street Ends @
10:00

Nightly drink specials every night from 8-10pm. Read more »