Summit County Market Report from Land Title
- 15 Year Market Analysis Courtesy of Land Title
- Market Snapshot for YTD 2024 vs YTD 2023: Average indicators for $: Single Family +15%, Multi- Family +9% and Vacant Land -3%.
- Median indicators for Single Family +12%, Multi- Family +1% and Vacant Land +11%.Market Analysis % Change 2024: Monetary volume in September 2024 was down 11% and transactions were down 11% from September 2023. YTD 2024, transactions were flat (0%) and $ was up 16% from YTD 2023.
- Residential Cost Analysis: Residential volume in September had 122 transactions with $213,361,8958 gross volume. There were 67 properties that sold for $1M and above in September. There were 46 single family, 76 multi-family and 7 vacant land transactions in September.
- Average Price History by Type YTD 2024: Average price for residential single family: $2,400,760, multi- family: $1,036,758 and vacant land: $656,691.
- Comparative Historical Cost Analysis Comparison YTD 2024-2023-2022: YTD 2024, there were 885 transactions with $1,333,349,234 gross monetary volume with 424 properties selling for over $1M. In 2023, there were 881 transactions with $1,175,010,908 gross $ volume with 453 properties selling for over $1M. In 2022, there were 1057 transactions with $1,419,816,434 gross $ volume with 526 properties selling for over $1M.
- Top Lender Analysis September: There were a total of 290 loans, 80 loans related to sales, 64 REFI's and 146 timeshare loans with 49% of real estate deals closing with cash.
- Purchaser Profile Abstract plus: There were 70 upper end sales and 9 new construction closings in September (Alcove in Keystone started to close last month). Our buyers for real estate transactions YTD 2024 (rounded up): local buyers 29%, front range demographic at 36% and 34% were out-of-state buyers. International buyers were at 0%.
This week in the MLS; 10/23-10/29
Price Decrease (37)
Price Increase (2)
New Listing (21)
Back On Market (10)
Leased (0)
Pending (47)
Sold (33)
Withdrawn (19)
Expired (11)