Year End 2022 Market Report
Summit County Colorado
Market Analysis Courtesy of Land Title Guarantee Company
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Market Snapshot for Full Year 2022 vs Full Year 2021: Average indicators for $: Single Family +20%, Multi- Family +20% and Vacant Land +32%.
Median Indicators for Single Family +24%, Multi- Family +14% and Vacant Land +39%.
Note -This snapshot compares 2021 to 2022, the upcoming sales year of 2023 will see mostly negatives as 2022 looks to be the top of the COVID bubble cycle, and values are trending lower.
IT'S OPPORTUNITY TIME ONCE AGAIN!
Market Analysis % Change December and Full Year 2022: Monetary volume in December 2022 was down 19% from December 2021. Transactions were down 34% from December 2021. Full year 2022, $ volume was down 25% from 2021, and transactions were 37% down from 2021.
“Mortgage Rates will continue to decline this year, now anticipated into the 4% range on Government and Conventional loans.”
Rates 1/30/23 According to Brian
Conventional - 30 Yr. Fixed
Interest Rate: 5.625%
Annual Percentage Rate: 5.702%
Example: P&I Payment at $500,000 Loan Amount = $2,878.28
Brian Beres Mortgage Loan Officer
(303) 325-3876 Office/Text
brian@brianthehomeloanguy.com
www.brianthehomeloanguy.com
Weekly Market Update
2/1/23 229 Actives
129 Non-preconstruction Pendings.
Solds last 30 days average 97.44% of list price.
Pendings DOM; Median 35 Ave 77
Price Decrease (7)
Price Increase (1)
New Listing (10)
Back On Market (1)
Pending (29)
Sold (23)
Withdrawn (4)
Expired (23)
Market Update-It's Opportunity Time!
Feb 02, 2023
Market Trends