|The owners bought this home intending to rent it and use it. They ended up loving it so much that they used it all the time and kept it for themselves. It backs to open space, offers peace and quiet, yet is close enough to walk to the bus stop. Enjoy the 2 family rooms, new slate flooring in kitchen and entryway, stainless steel appliances, granite counter tops and private deck. Sleeps 12.|
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Courtesy: Land Title Guarantee Company
April 2014 Highlights:
- Market Analysis by Area for April: . There were 117 transactions with $59,517,300 in gross monetary volume. The average transaction price for all 18 reported areas at $508,695, average residential price was $552,308 and the median residential price was $447,500. The average residential PPSF was $327. Median averages continue to increase each month in 2014.
- YTD Transaction Summary: There have been a total of 421 transactions with $212,850,800 monetary volume, the average transaction price for all 18 reported areas is $508,770, the average residential price is $520,678, the median residential price is $405,000, the average PPSF is $321 YTD.
- Market Snapshot for 2014 vs. 2013: Values are as follows: Average Indicators- Single Family +13%, Multi- Family +9% and Vacant Land +18%. Median indicators: Single Family +7%, Multi- Family +34% and Vacant Land +49%. These indicators translate into escalating pricing in Summit County for 2014.
- Market Analysis % Change showing years 2004-2014 YTD: April monetary volume ($59,517,300) is down 7% from April 2013, transaction volume is down -13% from April 2013. 2014 YTD (4 months) monetary volume is up 4% from YTD 2013. YTD 2014 transaction volume is down -7% down from YTD 2013. Inventory is low in Summit County compared to years past, you can see that YTD pricing is stronger with less transactions.
- Residential Market Sales by Price Point : Residential volume in April had 99 transactions with $54,678,500 gross volume. There were 11 properties that sold for $1M and above in April. The most active price point in April stayed in $400K -$500K range which is higher than years and months past. April had 34 Single family, 65 Multi-family and 6 Vacant land transactions.
- 2014 Average Price History: Average residential pricing continues to be highly consistent as of April - Single family increased to $846,385, Multi- family is $377,100 and Vacant land is $382,707. This graph ( page 7) is a great piece to show your clients that our market has held it's value over all these years.
- Historical Cost Breakdown YTD 2014 : There have been 353 residential transactions YTD 2014 and $183,799,2003 gross volume with 31 properties $1M - Compared to 2013 YTD, there were 357 transactions and $176,280,200 gross volume, 26 properties at $1M and over and in 2012 YTD, there were 297 transactions with $154,769,600 gross volume, 26 properties at $1M and over.
- Top Lender Graph: There were 475 loans in April, 52% (61) loans were related to sales and 48% of the sales were cash at closing. There were 76 REFI's and 338 loans related to Timeshares.
- Market Highlights: Please see page 10 of the Market Analysis-View the higher priced purchases in April and another month with no bank sales.
- Bank Sales and Foreclosures: Foreclosures continue to decline with 8 actions filed in April versus 24 in April 2013
- Land Title Purchaser Highlights ( Page 15): There were 12 higher end sales in April to note- you can see the details on this report. In April, the majority of our buyers for real estate transactions continue to be the Front Range demographic at 37% of our market, only 22% are local and 38% are out of state buyers.