Land Title Guarantee Company 2009 Year End December Market Analysis, How to Look Up Foreclosures and LTGC’s Rate Calculator
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!
- Cost Breakdown, December 2009 for Residential Improved Units-Price Point Summary (New Construction, Resales and December Gross Residential Price Index and Full 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 (2009,12 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 December 2009: On the Market Analysis by Area report please note the color coded system;
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- Green Text indicates an increase from the previous month’s value.
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- 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- there is a total with the sale of Copper Mountain Ski Area and without the sale of Copper Mountain
- Market Analysis by Area YTD ( 12 Months-Full Year) 2009
- Summit County Average Price Chart YTD comparing 2006, 2007, 2008 & 2009 ( Residential Improved Units)
- Top Lenders’ Graph (Loan Breakdown- Refi’s, Timeshares and Cash Deals)
- Top Lenders’ Summary for December
- Summary Detail of Copper Mountain Sale: Please note that this shows Real Estate Only! We have no idea what other considerations are involved for personal property, forest service permits & leases, business interests, etc…and if they are included in the Doc Fee.
Summary for Summit County
- Summit County ended the year with $683,009,100 in monetary volume. This is 36% shy of last year’s total. Transactions in 2009 totaled 1245, 32% shy of last year’s total.
- The areas that show an increase in median average price for Single Family 2008 to 2009- Breckenridge at 14%, Keystone at 27%, Peak 7 ( Crystal Peak Lodge) at 33%, Silverthorne at 20%,- the total Median Price Single Family Gross Live Median increased by 4%.
- The areas that show an increase in median average price for Multi-Family 2008 to 2009 –Copper Mountain at 21%, Silverthorne at 2% and Summit Cove at 22%-the total Median Price Multi-Family Gross Live Median decreased by 10%
- The total Median Price for Vacant Land only decreased from 2008-2009 by 3%.
- There were 136 Residential Improved Units that sold for $1M and over in 2009 vs. 177 in 2008 and 208 in 2007.
- The most active Residential Price ranges in December where 200k-300k 21 transactions, 300K -400K 22 transactions, 400K-500K 21 transactions and 500K-600K21 transactions.
- The average price history for Real Estate transactions on the Residential Improved Unit side still hold steady with 4 full years of historical data: Single Family continues to show an increase: $905,030, Multi-Family, slight decrease at $398,051- relatively flat, and Vacant Land with a slight decrease- relatively flat.
- Year to date Residential Price Index 2009 Single Family: 392, vs. 2008 with 470, 801 in 2007 and 874 in 2006. Multi- Family in 2009-655, 1001 in 2008, 1779 in 2007 and 1978 in 2006. Total volume for $ is obviously lower in 2009 compared to the past 3 years.
- The YTD Price Point Summary (Cost Breakdown) for 2009 indicates a total of 1047 transactions and $615,495,400 vs. 2008 1471 transactions with $ 856,723,200 and 2007 at 2581 transactions with $1,363,450,600.
- The Year to Date 2009 top 6 number of transactions: Breckenridge at 257, $181,981,900, Keystone at 173 transactions, $80,782,900, Frisco at 127 transactions, $57,275,800, Silverthorne at 117 transactions, $76,154,700 ,the Breckenridge Golf Course area at 116 transactions, $87,612,700 and Wildernest with 114 transactions, $34,269,100.
- Cash transactions are still averaging around 40% each month.
- Top Sale in Summit County: 12/21/2009 $8,285,000 Timber Trail Subd Lot 9 – 382 Timber Trail Road – 7 Brm 9 Bath – YOC 2006 – 6,565 SF on .545 Acres which is $1,262.00 PSF located in Breckenridge on Peak 8.
- 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. If you choose to utilize this marketing information in any publications or websites, please make sure you are quoting Land Title as your source.
- The Foreclosure “look up” has changed on the Summit County Government Website- If you would like to research the Summit County Foreclosures list:
- 1) Go into Summit County Government home page at www.co.summit.co.us
- 2) Click on Treasurer and Public Trustee under “Quick Links”, on the left.
- 3) Click on Foreclosure Property Search
- 4) Click on box that says, “show all”.
- 5) You can scroll down through all the foreclosures.
- Check out Land Title Guarantee Company’s new online Rate Calculator on
! Try a “test run” on your own property.
Go to
Click on the Rate Quotes at the top of the page:
Rate Quote is next to Office locator and Careers on the tabs under the Land Title logo