November 2008 Market Analysis and 2008 Property Taxes
November 2008 Summit County Real Estate Market Analysis Information
November 2008 Summit County Market Analysis
Attached, you will find the Land Title Guarantee Company November 2008
Market Analysis from Summit County. There are 9 separate worksheets within
this spreadsheet. You must use the tabs located on the left hand side of the
spreadsheet to view all the worksheets.
*Â Â Â Â Real estate in Summit County 2004-2005-2006-2007-2008 Graph Comparison
*Â Â Â Â Cost Breakdown, November 2008 (New Construction, Resales and Gross
Residential Price Index, 2008 Year to Date Gross Residential Price
Index)
*Â Â Â Â Cost Breakdown YTD (2008, 11 months and 2007, 11 months for a
comparison)
*Â Â Â Â Market Analysis % Change from 2004, 2005, 2006, 2007 & 2008
*Â Â Â Â Market Analysis by Area for the month of November 2008
*Â Â Â Â Year-to-Date by Area (2008, 11 months)
*Â Â Â Â Summit County Residential Price Index comparing the full years of
2006, 2007 and YTD 2008
*Â Â Â Â Top Lenders’ Graph (Loan Breakdown- Refi’s, Timeshares and Cash
Deals)
*Â Â Â Â Top Lenders’ Summary
*Â Â Â Â Â Â Â Please note that Land Title data comes from actual recorded
transactions at the County Clerk and Recorder’s Office. 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.
*Â Â Â Â Â Â Â Â YTD November 2008 had 168 Residential Improved Units that
closed between the $1M to $3M range, YTD November 2007 had 189 Residential
Improved Units that closed between the $1M to $3M range.
Please note that Crystal Peak Lodge units played a role in these figures in
2008,
*Â Â Â Â Â Â Â Â November 2008 had the least number of transactions and
monetary volume this year.
*Â Â Â Â Â Â Â Â The 2008 Year to Date Gross Residential Price Index shows that
our average prices continue to surpass the past two years of 2006 and 2007.
*Â Â Â Â Â Â Â Â The most active areas in November were Breckenridge and the
Breckenridge Golf Course with 26 transactions ($20,555,700), Frisco had
16 transactions ($9,277,600), Keystone had 13 transactions ($4,434,400) and
Wildernest had 15 transactions ($5,526,800).
*Â Â Â Â Â Â Â Â The month of November 2008 shows a 63% decrease from the month
of November 2007 in monetary volume. The month of November 2008 indicates a
63% decrease in number of transactions compared to the month of November
2007. YTD 2008 % change reflects -33% from YTD 2007 with Monetary Volume.
There is a -42% YTD 2008 vs. YTD 2007 in number of transactions.
*Â Â Â Â Â Â Â Â 34% of the Real Estate transactions in November were cash
transactions at the time of closing.
*Â Â Â Â Â Â Attached, you will also find a helpful 2008 Property Tax Flyer-
This information explains how the 2008 property taxes affect your client’s
2009 transaction at closing.
Thank you for your support this year. I appreciate your business!
Happy Holidays!
Provided:Â Land Title Guarantee Company
