February 2009 Summit County Market Analysis
Attached, you will find the Land Title Guarantee Company February 2009 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
•   Summit County 2004-2005-2006-2007-2008-2009 Graph Comparison
•   Cost Breakdown, February 2009 for Residential Improved Units (New Construction, Resales and February 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 (2009,2 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 February 2009: On the Market Analysis by Area report we have recently added a 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 added last month on the far right.
•   Market Analysis by Area YTD 2009
•   Summit County real estate Residential Price Index comparing 2006, 2007, 2008 & 2009
•   Top Lenders’ Graph (Loan Breakdown- Refi’s, Timeshares and Cash Deals)
•   Top Lenders’ Summary for February
•   Some Marketing Points:
-There were 4 closings in the new Cache at Union Creek totaling: $2,314,600 or $578,650 per unitÂ
-Another notable sale at Copper – a new Union Creek Townhome West Unit 31A for $1,154,600 or $636.14 PSF
-The most active price point for the past two months was in the $300,000 to $400,000 price ranges
-YTD, Summit County monetary volume was down 60%, and number of transactions were down 63% compared to 2008
-The average residential price per square foot was $335, still more “bang for your buck†compared to Eagle, Pitkin, San Miguel counties.
-The average Single Family Residential Price Index shows the price YTD $845,796, more than 2006, 2007 and 2008.
– Cash transactions still range in the 35% of all Real Estate closing for the month of February.
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.
Land Title Guarantee Company February 2009 Market Analysis
