Breckenridge Summit County Real Estate Blog News Events Colorado

Attached you will find the Land Title Guarantee Company June 2010 Market Analysis from Summit County.

June Remarks:

•    Market Snapshot:  Overall, for the 19 different areas that the Clerk and Recorder post transactions- the gross Median Single Family price in June for 6 months compared to the full year of 2009 was down 10% ($624,650-YTD 2010 compared to $695,750-2009), Median Price of Multi-Family was up 6% ( $350,000-YTD 2010 compared to $330,000-2009), and Vacant Land was
down 22% ( $265,000-YTD 2010-$340,000-2009).

•    Summit County Real Estate Volume Graph (Gross): June 2010 saw a huge spike compared to June 2009- the 20  One Ski Hill Place Transactions played a role in the increase and monetary volume. Monetary volume was 146% up compared to June 2009 with One Ski Hill Place included. Monetary volume was up just 65% if we take One Ski Hill Place out of the equation, with is still a big improvement over last June 2009. Transactions were up in June with One Ski Hill Place compared to June 2009 by 73%, without One Ski Hill Place, the transactions were up 47%- so overall June showed signs of improvement in Summit County.

•    Residential Summit County real estate Market Sales by Price Point: The most active price areas in June were under $200K! One Ski Hill Place transactions impacted the higher price ranges.  The Single Family Average price YTD continues to be comparable to the full year of 2006.

•    Historical Cost Breakdown: Year to Date 2010 shows 119 more Residential Improved Unit transactions vs. YTD June 2009. Gross Volume has also increased by $60,468,800 YTD 2010 vs. YTD 2009.

•    Market Analysis % Change: YTD Monetary Volume for ALL transactions recorded is up 25% compared to YTD June 2009.  YTD transaction volume for ALL transactions recorded is up 27% compared to YTD June 2009.The numbers still don’t compare to anything that we saw since 2004, 2005, 2006, 2007, 2008 or 2009 YTD.

•    Market Analysis by Area YTD 2010: The only two areas in Summit that showed an increase with the Median Residential Price were Breckenridge and Summit Cove in June. The three most active areas in June both with $ and # of transactions: Breckenridge- with 20 transactions included in the 50, Breckenridge Golf Course area and Silverthorne/Wildernest-which might explain the high number of Residential transactions under $200K.

•    Market Analysis by Area YTD 2010 for June: The average price per square foot in the 19 areas reported by the Clerk and Recorder’s office is $343, with Median Transaction Price at $553,536.  The Median Residential Price is $448,000.

•    Bank Sales: Bank Sales in June were up-8 transactions in Summit County. The 8 recorded sales were Read more »

Tags: statistics, Summit county real estate

Market Snapshot: Several areas show the Median Single Family price has increased YTD May compared to the full year 2009: Blue River 11%, Breckenridge 6%, Dillon Valley 13%, Summit Cove 14% and Wildernest 14%

Market Snapshot: Several areas show the Median Multi Family price has increased YTD May compared to the full year 2009: Breckenridge 6% ( OSHP), Copper 6%, Dillon Valley 19% and Summit Cove 2%

Summit County Gross Real Estate Volume Graph: May 2010 paced VERY similar to May 2009.

Residential Market Sales by Price Point: The most active price areas in May were $200K to $300K; however, One Ski Hill Place transactions impacted the higher price ranges. The Single Family Average price YTD is comparable to the full year of 2006. Read more »

Tags: statistics, Summit county real estate

Please use the below hyperlink “Statistical Data” to access 2010 Summit County Real Estate First Quarter Statistical Data.  I have included the complete years of 2008 and 2009 for comparison. The document titled “2010 1st Quarter Analysis” compares 1st Quarter numbers over the last five years.

Data worth noting; transactions for Q1 2010 vs. Q1 2009 are up significantly in the Breckenridge real estate, Frisco and Silverthorne-Dillon markets. If historic trends continue we will see the similar improvement for 2nd Quarter Transactions as well.

We are in challenging times and now it is more important than ever to build your team of trusted service providers. Title Company of the Rockies provides an unmatched level of service, dedication to our clients and a willingness to close your transactions.

If Title Company of the Rockies is your primary title company; I personally thank you for all your support! If it has been awhile; I invite you to see the difference we can bring to your transactions.

If you have any questions or requests please do not hesitate contact me at 970-453-6120 or cbelby@titlecorockies.com.

Many Thanks,

Chris Belby

Business Development Manager

970-333-1052

“Service Beyond Expectation”

Tags: statistics

Summit County Real Estate March 2010 Market Analysis

March Remarks:

• The prices in Summit County reflect a significant decrease: The Median Single Family average price YTD vs. 2009 Full Year is 11% down, the Median Multi-Family average price is 10% down and the Median Residential Land Price is 41% down.
• March 2010 is flat with monetary volume to March 2009.
• The most active price points in Summit County in March continue to be in the the$300K-$500K price range with 31% of the Residential Improved Unit percentage gross in March.
• March was slow for $1M and over Residential Improved Unit transaction movement.
• YTD Residential Volume had 163 transactions in 2010 vs. YTD 2009 92 transactions, with both years showing similar $ Gross Volume with 2010: $85,312,400 and 2009: $83,877,000- another indicator that prices are coming down in Summit County. Read more »

Tags: statistics, Summit county real estate

Attached will find the Land Title Guarantee Company February 2010 Market Analysis from Summit County.  Big News! There is ONE PDF attached with 13 (4 New Worksheets) included!

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 Summit County MLS data. The data is an unofficial tabulation of Summit County Records that are believed to be reasonably accurate.

Attached within the PDF, you will find:

• Market Snapshot by Area & Property Type Comparison- comparing Full Year 2009 vs. YTD (Two months) 2010. The top graph shows the Average Price Comparison which shows the average price for Single family, Multi- Family and Residential Land showing percent change. 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.

• Summit County real estate 2004-2005-2006-2007-2008-2009-2010 Graph Comparison. This graph shows 6 full years for comparison, plus February 2010 numbers.

• Cost Breakdown, February 2010 for Residential Improved Units-Price Point Summary (New Construction, Resales and February Gross Residential Price Index and Full YTD Gross Residential Price Index for 2010 ( two months), also shows Full Years, 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.

• Cost Breakdown for Residential Improved Units YTD February 2010 and the Cost Breakdown YTD from 2009, 2008 and 2007 for comparison.

• Average Price History YTD 2010, Full Years, 09, 08, 07, and 06- called Average Price Breakdown based on information from the Cost Breakdown Data.

• Top Lenders’ Graph for February 2010

• Top Lender’s Summary for February 2010

• Land Title’s new February 2010 Summit County Foreclosures Process Document Breakdown for Summit County

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

• Year to Date Summary of Foreclosure Actions- this new report shows the property foreclosure summary with property types and locations YTD with snapshot graphs for your marketing efforts.

• Market Analysis % Change from 2004, 2005, 2006, 2007, 2008, 2009 and YTD 2010

• Market Analysis by Area for the month of February 2010: On the Summit County Market Analysis by Area report please note the  color coded system;

1. 1. 1. • 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
• Price per Square Foot (PPSF) was also added to the last column.

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

• Bank Sales YTD details-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 worksheet- this is the detailed information for your Colorado real estate records.

• Market Analysis by Area YTD (2 months).

There is a notable sale in February – it is the highest sale for February 2010:

2/17/2010 $3,650,000 Ptarmigan Trail Estates Subd #1 Lot 1, Block 1  – 808 Little Beaver Trail – also known as: the Super 8 Motel:

61 Rooms built in 1981 with a total building size of:  22,172 SF.  It sits on 1.008 Acres.  PPSF is $164.62.  This sale is shown in the Silverthorne Area, and is categorized as a Commercial Improved property.

February Remarks:

• The Median Single Family average price YTD in 2010 is up 9% compared to the full year of 2009. Multi- Family average price YTD is down 12% compared to the full year of 2009.  Vacant Land Average Price YTD is only down 1% YTD compared to full year of 2009.
• Keystone and Breckenridge real estate were the two most active locations in Summit County with transactions in February- Keystone real estate -11 transactions and Breckenridge -13 transactions.
• There were 6 Residential properties that were recorded for $1M and over in February- with 29% of the gross volume.
• There are 98 YTD Residential Transactions in 2010, vs. the 92 last year at this time.
• The most active price point remains in the $200K-$300K price ranges for Single Family and Multi-Family Residential Improved Units.
• The YTD Market Analysis with all recorded transactions in February shows the Residential Median average to be $367,500 with $321 per square foot as the average.
• Cash transactions were down to 35% this month compared to the past months with around 40%, we are seeing more Owner Carry transactions.
• There are still only two recorded Bank Sales YTD in Summit County.
• There are 52 Notice of Election properties, 1 Certificate of Purchase and 23 properties that have gone to the Public Trustees Deed YTD.
• February 2010 is up 32% in monetary volume from 2009.  YTD, up 10% for 2 months in 2010 vs. 2009.  February 2010 transaction volume is up 20% from last February 2009. YTD, up 10% for 2 months in 2010 vs. 2009.

Tags: statistics, Summit county real estate

2009 Year End Land Title Resort Real Estate Index by County from Eagle, Garfield, Pitkin, Routt and Summit Counties

You will find FOUR worksheets within this spreadsheet:

Please note that each county has a different basis for collecting recorded transactions.  The Data is collected from Eagle, Garfield, Pitkin, Routt and Summit County real estate Clerk and Recorder’s Office and Assessor’s Office.  Data is deemed reliable but not guaranteed.

Resort Real Estate Index by County from Eagle, Garfield, Pitkin, Routt and Summit Counties

v  Gross Transaction Chart-Gross recorded real estate sales volume for all transactions in the 5 counties YTD 2009 YTD 2009, 2008, 2007, 2006, 2005 and 2004 full years, with data points shown for $ volume from 2009, 2007 and 2004.

v  Comparison Charts- 4 charts: Number of Recorded Sales Transactions by County Full Years 2009 through 2007, Full Year 2009 Average Price Per Square Foot Sales Summary for Single Family and Multi- Family Property Types , Average Sales Price: Single Family 2007 through 2009 and Average Sales Price: Multi-Family 2007 through 2009.

v  Monthly Data-showing YTD Number of Transactions, Single Family Average Price Index, Multi- Family Average Price Index and Single Family- Mulit-Family Average Price Per Square Foot Comparisons.

v  Monthly Data for the Comparison Charts-Gross Volume Transaction Report for all Recorded Transactions from 2006 through 2009, and Gross Transaction Report Summary with Year to Date Comparisons through 2004.

Summit County mls

Tags: statistics, Summit county real estate

Attached will find the Land Title Guarantee Company January 2010 Year End Market Analysis from Summit County.

• Market Snapshot by Area & Property Type Comparison- comparing Full Year 2009 vs. YTD ( One month) 2010. The top graph shows the Average Price Comparison which shows the average price for Single family, Multi- Family and Residential Land showing percent change. 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.

• Summit County 2004-2005-2006-2007-2008-2009-2010 Graph Comparison. This graph shows 6 full years for comparison, plus January 2010 numbers. Read more »

Tags: market

22 Year Residential Average Housing Price & Gross Volume, and Full Year Lender Graphs- plus the Land Title Guarantee Positive Perspective

Attached:

·       The Land Title 22 Year Average Price Housing Index for Summit County reflecting the average price for all property types- single family, Duplex-Triplex, Townhome and Condominiums- These figures derive from the YTD Market Analysis by Area worksheet sent out several weeks ago.

·        22 Year Residential TOTALS Summit County real estate Colorado for Summit County real estate reflects the monetary volume on the Cost Breakdown YTD worksheet that was published several weeks ago. Read more »

Tags: statistics, Summit county real estate

Summit County Real Estate Sales Statistics 2009

Please click the link below to access the Sales Statistics.

• Summit County Real Estate Sales Statistics 2009
• Complete 2008 Summit County Sales Statistics
• Summit County real estate 2009 vs 2008 Quick Stats
• County wrap up for Eagle, Garfield, Grand, Pitkin and Summit_County_Apr_thru_Dec_2009(Warranty Deeds $1.00 or more in consideration)

2009 Statistics

What you will see (which should be no surprise to anyone) is 2008 significantly outperformed 2009 in each geographic area and in most property segments. The great news; however, can be seen in the Q4 versus Q3 numbers. Traditionally Q3 outperforms Q4 in both total transactions and consideration. 2009 marks a change to this trend with most geographic areas and property segments showing stronger numbers in Q4. Time will tell if we are on a recovery path, or if these numbers represent a variance from the normal trend. Jack Nicklaus

A couple of bright spots worth noting.

Copper Mountain, Inc. sold to Powdr Corp for $107 M.

Breckenridge single family residence sold for $8.25 M.

Interest rates remain low and money seems to be more readily available to qualified borrowers.

Title Company of the Rockies:

Tags: homes, statistics, Summit county real estate

Summit County real estate ends 2009 on a high note with December being the strongest month at $102,685,700 in Monetary Volume and 178 transactions.

Attached, you will find the Land Title Guarantee Company December Year End 2009 Market Analysis.  There are 11 PDF files attached.

• For the Year End Report- Market Snapshot- comparing Full Year 2008 vs. Full Year 2009 by Area and Property Type Comparison. Sales believed to be inaccurate indicators of the market have been eliminated in this report. The top graph shows the Average Price Comparison.  The bottom graph shows the Median Price Comparison- This graph only shows full interest, Fee Simple, Arms- Length transactions.

• Summit County 2004-2005-2006-2007-2008-2009 Graph Comparison. This graph shows 6 full years for comparison! Read more »

Tags: homes, Summit county real estate