Market Updates

Oct. 28, 2022

Land Title Market Update

Thank you to Land Title for the Market Update!

 

 

To Our Summit County Customers and Community,

 

Here are market highlights for September:

  • Market Analysis by Area for September 2022: There were a total of 179 transactions and $204,519,395 in monetary volume. The average transaction …
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Posted in Market Updates
Sept. 9, 2022

Will higher interest rates impact Colorado ski real estate?

From our friends at Fairview Lending. All opinions are that of the author. 

 

Depending on the Colorado ski town, cash transactions make up between 30-75% of all closed transactions.  With this many cash transactions, what do rising interest rates mean for sales in the various ski towns …

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Posted in Market Updates
July 5, 2022

The Market has Shifted

It's no secret the Fed's plan to slow down the real estate market is working. Here's what's happening in Summit County

The high Number of new Listings is Normal

In June 2022 the Summit County MLS had 483 new real estate listings. If you've been …

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Posted in Market Updates
May 17, 2022

March 2022 Market Analysis-From our friends at Land Title

To Our Summit County Customers and Community,

Across Summit County, March saw tight inventory and soaring demand. Prices remained high with the average residential price at $1.3 million for March.

 

Here are highlights:

  • Market Analysis by Area for March 2022: There were a total of 165 transactions and …

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Posted in Market Updates
May 5, 2022

Colorado Hard Money Lenders Names Mountain Resort Towns One of the Best Colorado Real Estate Investments

ColoradoHardMoney.com by Fairview Commercial Lending recently named Mountain Resort Communities one of the top real estate investments.  A central theme is the amount of cash buyers seeking a hedge for inflation. Summit County's large percentage of cash buyers make our market less sensitive to interest rate hikes.  …

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Posted in Market Updates
April 5, 2022

February 2022 Market Analysis-Courtesy of Land Title

To Our Summit County Customers and Community,


Please note that you will see new additions within the monthly report this year: 
One key change is that there is a cumulative total bar for 2022 in all the resort counties on page 2. For example, the  February report will show …

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Posted in Market Updates
March 10, 2022

Ukraine impact on Colorado ski real estate & What will Cause Colorado ski real estate prices to fall

From our friends at Fairview Lending. All opinions are that of the author. 

 

Ukraine impact on Colorado ski real estate

What a few weeks it has been.  The stock markets have been up, then down.  Interest rates have also spiked only …

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Posted in Market Updates
Dec. 30, 2021

December 2021 Market Update-Courtesy of Land Title

To Our Summit County Customers and Community,

Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office for that particular month. The information is not directly related to MLS data. The data is an unofficial tabulation of Summit County Records that are believed …

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Posted in Market Updates
Dec. 2, 2021

Summit County Market Analysis for October 2021

Thanks to our friends at Land Title for the below update on Summit County Sales. For the all the data, click here.

 

To Our Summit County Customers and Community,

October was the biggest monetary volume month on record for Summit County and $432.4 million in sales!

PAGE 8 SUMMIT OCTOBER  2021_edited

Please note that …

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Posted in Market Updates
Sept. 1, 2021

Breckenridge to Cap Nightly Rentals

Breckenridge to Cap Nightly Rentals

Breckenridge town council has decided to cap the number of short-term rental permits at 2,200. The current number of permits already issued is 2,476, so no new permits will be issued until after 276 homes/condominiums turn over or decide to no longer …
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Posted in Market Updates