Archive for the 'Summit county real estate statistics' Category

Summit County Real Estate Sales Statistics 2010

I hope 2011 has treated you well so far and you’re enjoying the momentum we are experiencing in the market. There are many positive indicators in the economy, both nationally and locally, which will drive a strong 2011. As the real estate industry continues to build please look to the professionals at Title Company of the Rockies as a dedicated and trusted resource for your title and escrow needs. Please follow the link below to view Sales Statistics for 2010. Also included is 2008 and 2009 for comparison.

2010 Summit County Real Estate Sales Statistics


2009 Summit County Real Estate Sales Records

Summit County Real Estate Sales Statistics for 2008


December Year End 2010 Market Analysis and 23 Year Residential Graphs

Attached you will find the Land Title Guarantee Company December 2010 Year End Market Analysis from Summit County.  Please note that there is ONE PDF attached with 13 separate reports.  Also attached are the updated 23 Year Summit County Residential Total Sales and 23 Year Residential Average Price Housing Index Graphs.

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 ( in the new and improved order):

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


  • Market Analysis by Area for the month of December 2010 ( 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 comparisons
  • 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

  • Market Analysis by Area 2010 ( Page 3) (12 months) Read more »

November 2010 Summit County Real Estate Market Analysis

Attached you will find the Land Title Guarantee Company November 2010 Real Estate Market Analysis from Summit County.  Please note that there is ONE PDF attached with 13 separate reports for your information. Please note that the order of the spreadsheets has changed for an improved “flow”!

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 real estate Records that are believed to be reasonably accurate.  Attached within the PDF, you will find ( in the new and improved order):

·         Summit County 2004-2005-2006-2007-2008-2009-2010 Graph Comparison ( Page 1). This graph shows 6 full years for comparison, plus November 2010 numbers. This graph shows all transactions that were recorded with a doc fee and correlates to the November Market Analysis by Area graph.

·         Market Analysis by Area for the month of November 2010 ( 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 comparisons

·         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

·         Market Analysis by Area YTD ( Page 3) (11 months) Read more »

Land Title Guarantee Company October 2010 Summit County Real Estate Market Analysis

Attached you will find the Land Title Guarantee Company October 2010 Market Analysis from Summit County.  Please note that there is ONE PDF attached with 13 separate reports.

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 ( Page 1)- comparing Full Year 2009 vs. YTD ( 10 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 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. Read more »

2010 Third Quarter Land Title Resort Real Estate Index by County from Eagle, Garfield, Pitkin, Routt and Summit Counties

You will find six worksheets within this PDF attachment.

After some constructive feedback, we have decided to report the Charts and Data separately. 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 Clerk and Recorder’s Office and Assessor’s Office.  Data is deemed reliable but not guaranteed.

  • Gross Transaction Chart-Gross recorded real estate sales volume for all transactions in the 5 counties YTD 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 YTD 2010, Full Years 2009 through 2008, Full Year 2009 and YTD 2010 Average Price Per Square Foot Sales Summary for Single Family and Multi- Family Property Types , Average Sales Price: Single Family 2008  through YTD 2010 and Average Sales Price: Multi-Family 2008  through YTD 2010.
  • 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.
  • Monthly Data for the Comparison Charts-Gross Volume Transaction Report for all Recorded Transactions from 2006 through YTD 2010, and Gross Transaction Report Summary with Year to Date Comparisons through YTD 2010 through 2004.

Here are some of the Positive Highlights by County:

Eagle: – Highest Gross Volume numbers for 2010, also highest overall gross volume gain from 2009.  There is tangible upward movement in the Multifamily Sector both in Average PPU & Average PPSF.
Garfield: – Average PPSF and Average PPU for Single Family is up over the prior period (through the Second Quarter) which maybe showing the beginnings of some recovery.  Gross Volume is still holding slightly up over last year.
Pitkin: – Lowest number of Bank Sales!   Also, highest average SF Price and MF Price among counties, also highest Average PPSF.  (though all of these averages are lower than last year)
Routt: – Highest Number of Transactions (due to a burst in Interval sales).  Second highest gain in gross volume from 2009.  Multifamily sales are in an upward trend both in Average PPU & Average PPSF.
Summit: – 2nd lowest number of Bank Sales, Highest number of Multifamily transactions – along with a tangible upward trend in Average PPSF for Multifamily.  Also Average PPU is showing upward movement from last period for Single Family.


Summit County Real Estate September 2010 Market Analysis Land Title Guarantee

Please note that there is ONE PDF attached with 13 separate reports.

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


September Remarks:

Market Snapshot: Areas that are holding strong with Median Average Price with Single Family: Blue River ( $600,000), Dillon Valley ( $377,500), Farmer’s Corner

( $429,000), Silverthorne ( $747,500), Summit Cove ( $542,500), Wildernest ( $477,500) and Woodmoor ( $835,000).  Areas that are holding strong with the Median Average Price for Multi-Family: Breckenridge real estate ( $455,000), Breckenridge Golf Course ( $500,000), Dillon Valley ( $$144,650), Frisco ( $352,500) and Silverthorne real estate ($440,000).

Summit County Gross Real Estate Volume Graph: September 2010 continues the positive trend from August 2010 with very similar Gross Real Estate monetary volume. ( $78,228,400 September 2010 and $79,753,200 in August 2010- which included the $24M Beaver Run transaction in August)

Residential Market Sales by Price Point: 13 Residential Unit sale $1M and over! Most of the Residential sales in September 2010 were a little higher in the $300K to $400K range. There were 45 Residential Single Family Resales averaging Read more »

2010 Summit County Real Estate Statistics Q2 vs Q1

Summit County Statistics

I hope you all enjoyed your summer and benefited from the uptick in Summit County real estate activity. With transactions on the rise, sales prices trending downward, and mortgage rates at an all-time low, I am confident we will have a solid end to the 2010 real estate season.

Highlights worth mentioning:

Second Quarter 2010 significantly outperformed First Quarter summ2010 in all areas with the exception of Copper Mountain.

Second Quarter 2010 outperformed Second Quarter 2009 in all areas with the exception of Copper Mountain indicating a sustained improvement in overall market conditions.

The above statements hold true for both Transactions and Total Consideration; however, with Transactions (%) out pacing Total Consideration (%) we continue to see a downward trend in sales prices. This is a positive trend for our market activity and a phenomenal opportunity for your Buyers. Sellers will continue to feel the pressure from dropping sales prices.

Q2 vs. Q1

The Silverthorne – Dillon market experienced a Transaction increase of 84% and Consideration increase of 80%.

The Breckenridge real estate– Blue River market experienced a Transaction increase of 74% and Consideration increase of 104%.

Land Title Guarantee Company June 2010 Summit County real estate Market Analysis

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 »

May 2010 Summit County Real Estate Market Analysis Land Title Guarantee Company

Summit County May 2010 Real Estate Market Analysis Land Title Guarntee May 2010 Summit County Real Estate Market Analysis Land Title Guarantee Company 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 »

2010 First Quarter Summit County Real Estate Statistical Data

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”

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