Year-End 2022 Market Report Summit County, Colorado
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. In the full year 2022, $ volume was down 25% from 2021, and transactions were 37% down from 2021.
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
brianthehomeloanguy
Weekly Market Update
- 2/1/23 229 Actives
- 129 non-preconstruction pendings.
- Sales in the last 30 days averaged 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- Withdrawn (4)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)
