September 2009 Summit County Market Analysis
Land Title Guarantee Company September 2009 Summit County Market Analysis
You will find the Land Title Guarantee Company September 2009 September 2009 Summit County Real Estate Market Analysis.
- Summit County real estate 2004-2005-2006-2007-2008-2009 Graph Comparison
- Cost Breakdown, September 2009 for Residential Improved Units (New Construction, Resales and September 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, 9 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 September 2009: 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.
- Market Analysis by Area YTD ( 9 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 September
Summary Highlights:
- September 2009 was the best month this year in terms of Gross volume and Number of sales. Averages, Medians & PPSF are all still mostly in a declining trend.
–The highest number of transactions (147) so far this year with a total of $81,015,200 monetary volume, down from September 2008 36% down monetary volume and 27 %( the best yet) with number of transactions. YTD, 2009 is down about 49-47% both monetary and transaction volume from last September YTD 2008.
-The highest priced sale was on the Mountain in Breck, in Westridge Subd: Lot 7 sold for $3,375,000 on September 18th: It is a 6 Bedroom, 7 Bath Breckenridge homes built in 1999 on .57 AC. It is 5,681 SF in size and sold for $594.09 PSF, cash at the time of closing.
-The Median Transaction price for all recorded transactions (in all 19 areas per the Clerk and Recorder #’s) was $395,000 with the average PPSF at $314; The Average Transaction Price over the past 9 months (not Median- and in all 19 areas per the Clerk and Recorder #’s) was $547,829; The September Gross Residential Price Index reflects the average price at $977,704 for a Single Family, $353,379 for Mulit-Family and $434,400 for Vacant Land.
-YTD 2009 Residential Gross Price Index Single Family is still very high at $925,927, compared to years 2008 at $835,803, 2007 at $798,889 and 2006 at $737,253. The Mulit-Family and Vacant Land Gross Residential Price Index shows a decline in average price from the past 3 years.
- There were 84 Residential Improved Units that sold for $1M and up YTD -9 months-as of September 2009, there were 133 YTD in 2008 and 149 YTD in 2007.
-The most active price areas in the Residential Improved Unit summary reflects $200K-400K, with 48 of the 127 units.
- Active areas: Breckenridge real estate had 36 transactions, Frisco 24 transactions, Keystone 14 transactions, Silverthorne 10 transactions and Wildernest 17 transactions in September.
- 90 loans were related to the actual sales in September at 61% of the 147 sales transactions, 39% of the real estate closings were cash transactions.
- 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.
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