Real Estate Advisor-July '17 Market Report Courtesy of Land Title Guarantee CO.
Market Analysis % Change Year over Year 2016 vs 2017: Monetary volume ($136,189,679) in June 2017 was 20% higher than June 2016. Transactions (234) were up 6% to June 2016. YTD 2017, monetary volume is up by 24% and transactions are up 10% compared to YTD 2016.
Comparative Historical Cost Analysis; ~Average Indicators for $: Single Family +19%, Multi-Family +13% and Vacant Land -1%. ~Median Indicators for $: Single Family +22%, Multi- Family +11% and Vacant Land 0%.
Luxury Market Surges to new highs; ~YTD 2017; 144 properties sold for a $1M and over ~YTD 2016; 132 properties sold at $1M and over ~YTD 2015 72 properties at $1M and over. That’s double in two years!
Time on Market; Demand is stil in a frenzy as median days on market has held steady; it was 25 days for December 2016 and only 12 days in June '17. If you see something you like you need to make an offer NOW!
Buyer Demographics; ~Front Range; 38% ~Local including relocating; ~30% Out of State; 32% ~International; 1%. ~33% of the real estate closings were ca$h tran$action$.
*Ski Season is Coming Soon to a town near you*
We still have good inventory but it's going fast, almost 400 pending sales. Now is the time to be searching for your dream home. There may never be a better time. Call me now.