June 2009 Real Estate Market Analysis Summit County
Land Title Guarantee Company June 2009 Market Analysis
· Summit County 2004-2005-2006-2007-2008-2009 Graph Comparison
· Cost Breakdown, June 2009 for Residential Improved Units (New Construction, Resales and June Gross Residential Price Index and YTD Gross Residential Price Index), also shows Full Year 2008, 2007 and 2006 Gross Residential Price Index with # of transactions, total volume and average price
· Cost Breakdown for Residential Improved Units YTD (2009, 6 months) and the Cost Breakdown YTD from 2007 and 2008 for comparison
· Market Analysis % Change from 2004, 2005, 2006, 2007, 2008 & 2009
· Market Analysis by Area for the month of June 2009: On the Market Analysis by Area report we have added a 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
· Price per Square Foot (PPSF) was added last month on the far right.
· Market Analysis by Area YTD ( 6 Months) 2009
· Summit County Residential Price Index YTD comparing 2006, 2007, 2008 & 2009
· Top Lenders’ Graph (Loan Breakdown- Refi’s, Timeshares and Cash Deals)
· Top Lenders’ Summary for June
Summary Highlights:
-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.
-1st half of the year: Breckenridge holds 29% $ transactions and 21% # of transactions, Keystone holds 10% $ transactions and 12% # transactions and Silverthorne holds 11% $ transactions and 10% # transactions.
-Single Family YTD in Summit County exceeds the past 3 years at $897,362.
-Cash sales still hold strong at 44% in June.
-The most active price points in June were in the $200,000-$400,000 range.
· 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.
