Summit County Market Report from 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.
- 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. 67 properties 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 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- Withdrawn (19)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)
