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.
Historical Cost Breakdown: 325 transactions with $184,867,400 monetary volume vs. May 2009 with 263 transactions with $171,512,200 monetary volume for RESIDENTIAL transactions. YTD May 2010 was more positive than last YTD May 2009. The price ranges 200K-300K in YTD May 2010 show 69 transactions, $17,600,800 monetary volume, YTD May 2009: 39 transactions, $10,091,200 monetary volume and YTD May 2008: 95 transactions with $24,378,800 monetary volume.
Market Analysis % Change: May 2010 has a -1% difference from May 2009 in monetary volume, however, there is a 7% increase in May 2010 vs. May
2009 in transaction numbers- once again showing how flat May 2010 was to May 2009. Positive news: YTD May 2010 shows a 4% increase in monetary volume compared to YTD May 2009, and a 20% increase in the amount of transactions from YTD May 2010 to YTD May 2009.
Market Analysis by Area May 2010: There are three areas in Summit County real estate that show an increase over April 2010 with Median Residential
Price: Breckenridge ( due to One Ski Hill Place), Keystone and Wildernest areas. The most active areas with number of transactions and monetary volume were Breckenridge (32: $31,463,800- OSHP plays a big role), Keystone (11:
$6,165,000) and Silverthorne (13: $8,207,300).
Market Analysis by Area YTD 2010: The Average Residential Price per SF for the last 5 months in 19 reported areas from the Assessor’s Office is $300 PPSF. The Median Residential price is $441,500.
Top Lender Graph: Cash sales are higher than last year due to the financing challenges at 46% in May. There were 51 loans related to actual sales or 54% of the sales transactions.
Bank Sale: There was one recorded Bank Sales in May in Summit County.
May 2010 Foreclosure Process Breakdown: There were 39 Notice of Election properties, 0 Certificate of Purchase and 5 properties that have gone to the Public Trustees Deed in May.
YTD Summary of Foreclosure Actions: YTD there are 134 Fee Simple Foreclosure actions, 67 Foreclosure Timeshare actions and Foreclosure 24 Unknown
actions: Breakdown: SF: 69, MTF: 49. Vacant Land: 9, Development: 2,
Commercial: 5, Unknown: 24 and 67 Timeshares.
Notable Sales in May:
One Ski Hill Condominiums started closing with 13 Sales closing by May 31st, 2010
Gross Volume: $19,389,000
Average Price per Unit: $1,491,462
The highest Priced Sale in May was:
5/28/2010 $2,690,000 One Ski Hill Place Condo Unit 8509. There is no description yet available at the Assessor’s Office.
4 of the Sales over $2M are for One Ski Hill Place Condos.
Attached you will find the Land Title Guarantee Company May 2010 Market Analysis from Summit County Colorado real estate. 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 – comparing Full Year
2009 vs. YTD (five 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 2004-2005-2006-2007-2008-2009-2010 Graph Comparison. This graph shows 6 full years for comparison, plus May 2010 numbers.
This graph shows all transactions that were recorded with a doc fee and correlates to the Market Analysis by Area graph.
Price Point Summary May 2010 for Residential Improved Units-Price Point Summary (New Construction, Resales and May Gross Residential Price Index and Full YTD Gross Residential Price Index for 2010 ( five 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.
Historical Price Point Summary YTD for Residential Improved Units May 2010 and the Price Point Summaries YTD from 2009 and 2008 for comparison.
Market Analysis % Change from 2004, 2005, 2006, 2007, 2008, 2009 and YTD 2010
Market Analysis by Area for the month of May 2010: 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
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 May 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 Market Analysis by Area worksheet- this is the detailed information for your records.
Market Analysis by Area YTD (5 months).
Average Price History YTD 2010, Full Years, 09, 08, 07, and 06- based on data from the Residential Price Point Summary.
Top Lenders’ Graph for May 2010
Land Title’s May 2010 Foreclosure 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.
2009 Summit County Foreclosure Summary – This is for comparison, showing the snapshot of what happened in 2009.
