Trend$: **Unbelievable! Summer real estate transactions are comparable to pre-recession 2007 numbers!**
Here is the Land Title Guarantee Company's June Market update;
Market Analysis % Change showing years 2014 vs 2015: Monetary volume ($117,921,469) in July is up +23% compared to July 2014. Number of transactions (202) are flat to (0%) in July 2015 compared to July 2014. YTD ( 7 months) Summit County real estate is up 34% in monetary volume and up 22% with number of transactions compared to YTD 2014. 31% of the real estate closings were cash transactions.
Luxury Market; YTD there have been 89 properties selling for a $1M and over-Compared to 2014; 65 properties at $1M and over and in 2013, there were 60 properties at $1M and over.
Land Title Purchaser Highlights: There were 20 higher end sales in July - you can see the details on this report. In July, our buyers for real estate transactions were the Front Range demographic at 40% of our market, 31% are local and 29% are out of state buyers, with 0% International. The average transaction price for all reported 18 areas: $583,770, average residential: $553,970 median residential: $425,000 and average PPSF: $340 (All up from June 2015!).
See the full report;
Land Title Company's July 2015 Market Report
27 Year Annual Appreciation Chart
27 Year Residential Total Sales
27 Year Average Price-Summit
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