Summary Highlights:
- The highest priced home sale in August was in Copper Mountain at Lewis Ranch- Lot 16 sold for $2.65M-5342 SF living area, 5 bedroom, 6 baths. PSF $496.07. New construction.
-Residential sales over $1M are still holding strong- with 11 closings in August at $1M and up- one for exactly $1M is located in the $900,000 -$1M category in the Cost Breakdown worksheet. - The Carwash on Airport Road in Breck sold for $1.3M- Commercial Transaction. So far, YTD 47 Residential properties have sold for $1M and over, YTD 2008 there were 103 and YTD 2007 there were 124.
-The highest number of transactions (114) so far this year with a total of $60,975 monetary volume, down from August 2008 34% down monetary volume and 38% with number of transactions. YTD, 2009 is down about 50% both monetary and transaction volume from last August YTD 2008.
-Single Family YTD in Summit County still continues to exceed the past 3 years at $912,102; Multi Family and Vacant Land have dropped.
Click on the links below:
• 10 Year Resales Worksheet- Residential Properties on a Ten Year Historical Index to Gross Volume in Summit County. The attached new worksheet ( 10 YearResale Data) shows the yearly ratio of Residential Resales to Gross Transactions, along with a 10 year average ratio. We hope this information is helpful in sorting out the Strong Resale Market still present in Summit County. None of the new construction developments and sales are represented in this analysis, only true Residential Resales are utilized. In addition, the yearly average price and yearly count of Resale transactions is also shown for your consideration. Please note that Gross Transactions in Summit County include all types of sales, Resales, New Product Sales, Commercial Sales, Vacant Land Sales, Parking SpaceSales, etc…so any other subset of data is not automatically defined by subtraction of the Resale number from the Gross Number.
• Summit County 2004-2005-2006-2007-2008-2009 Graph Comparison
• Cost Breakdown, August 2009 for Residential Improved Units (New Construction, Resales and April 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 (2009,1 month) 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 August 2009: On the Market Analysis by Area report we 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
• The following Columns will be using the Color coded system– $ Volume Transactions, # of Transactions, Average $ Transaction Price & Median $ Transaction Price
• Price per Square Foot (PPSF) was added on the far right.
• Market Analysis by Area YTD ( 8 Months) 2009
• Summit County Residential Price Index YTD comparing 2006, 2007, 2008 & 2009
• Top Lenders’ Graph (Loan Breakdown- Refi’s, Timeshares and Cash Deals)
