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More great news for sellers! It appears that our lack of inventory is having a large effect on sales volume. After a strong February~March was fairly flat year over year. If you are a buyer waiting is costing you $$.
is the Land Title Guarantee Company's March 2016 Market update;
Analysis % Year over Year 2015 vs 2016:
-Monetary volume ($86,347,800) in March was up 4% compared to March 2015.
-Number of transactions (136) was down 9% in March compared to March 2015.
-YTD 2016: monetary volume is up 8% and transactions fairly flat at +1% compared to YTD 2016. I believe this is due to lack of inventory.
- There were 14 properties that sold for $1M and above in March. YTD 60 properties selling for a $1M and over compared to 2015 when 46 properties sold at $1M and over YTD.
Year 2015 198 properties sold for $1M and over vs 2014 126
properties $1M and over. That’s a 57%
increase YOY. Amazing. In 2013~122 properties sold at $1M
of the real estate closings were cash transactions.
Title Purchaser Highlights:
40% of our buyers were from the Front Range
are local full time residents which includes “retirees”
out of state buyers,
of Buyers were International
See the full report;
Title Company's March 2016 Market Report
Mountain Resorts Q4 Analysis
Year Annual Appreciation Chart
Year Residential Total Sales
me at Facebook.com/BreckenridgeBuyersAgent