Summit County Real Estate Market Analysis October 2009
Attached, you will find the Land Title Guarantee Company October 2009 Real Estate Market Analysis from Summit County. There are 9 PDF pages attached. If you would like the Land Title information in the previous Excel format- please contact me, and I will be happy to send it to you.
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- Summit County real estate 2004-2005-2006-2007-2008-2009 Graph Comparison
- Cost Breakdown, October 2009 for Residential Improved Units (Summit County 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 (2009,10 months) and the Cost Breakdown YTD from 2007 and 2008 for comparison
- Summit county Market Analysis % Change from 2004, 2005, 2006, 2007, 2008 & 2009
- Market Analysis by Area for the month of October 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.
- Market Analysis by Area YTD ( 10 Months) 2009
- Summit County mls 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:
- Each Month is showing signs of local Market improvement- October 2009 was the best month this year in terms of Gross volume and Number of sales. Overall, per area, $ volume, number of transactions, average transaction price, median transaction price, average residential price, median residential price and average residential PPSF were all UP in October compared to last month.
–The highest number of transactions (160) so far this year with a total of $92,709,100 monetary volume, only down 22% from October 2008 and 9%( the best yet) with number of transactions. YTD, 2009 is down about 46% monetary volume and 43% transaction volume from last October YTD 2008.
-Keystone real estate had a high number of sales in October- the largest sale also transpired in Keystone in October, $3,050,000 in Settler’s Creek Subdivision, Lot 4- 5 bedroom, 5 bath, 2007 Keystone New Construction/Developer sale, 5,011 SF Living Area on .185 AC Land, $608.66 PPSF.
-Blue River also had noticeably increased sales and values from last month.
-There was one rare Development Parcel Sale in Silverthorne in October at Angler Mountain Ranch- $1,050,000 Cabins at Angler Mountain Ranch Filing #1, 2 Parcels totaling 16,0408 AC to be developed as : Angler Mountain Ranch Cabins Phase 1. This site sold for $$65,458.08 per AC.
-YTD 2009 Residential Gross Price Index Single Family is still very high at $933,739, 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.
-The Average Price of all Residential Improved Units reflects the average price holding steady: YTD 2009: $544,069, YTD 2008 $582,729 and YTD 2007 $515,067.
- 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. If you choose to utilize this marketing information in any publications or websites, please make sure you are quoting Land Title as your source.
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