Median Days on Market Creeps Upward
Market Analysis % Change Year over Year 2015 vs 2016:
- Monetary volume ($174,179,706) in September was up 5% compared to 2015.
- Number of transactions (297) was fairly flat at -1% compared to September 2015.
- YTD 2016, monetary volume is pacing flat at -1% compared to YTD 2015, and transactions continue that same trend at -1% compared to YTD 2016.
- Demand is still steady as days on market fell from a median of 81 for February sales to just 24 for May sales, 18 days in June but climbing slightly to 27 in Sept. 30% of the real estate closings were cash transactions.
Luxury Market growth continues;
- There were 29 properties that sold for $1M and above in Sept. There were 21 properties that sold for $1M and above in July. There were 17 properties that sold for $1M and above in June. 15 properties sold for $1M and above in May.
- YTD, ~150 properties sold for $1M+. In 2015~140 properties sold at $1M and over, and in 2014~91 properties at $1M and over in the first 9 months.
Land Title Purchaser Highlights: our buyers for real estate transactions in September;
- 38% of our buyers were from the Front Range
- 26% are local full-time residents, which includes “retirees†relocating here
- 36% are out-of-state buyers, way up from 24% in June.
- 0% of Buyers were International
See the complete report at; September Land Title Co. Market Report
There has NEVER been a better time to buy in the Summit. Call me today!
