Real Estate Advisor-Sept '17 Market Report

Market Trends

Real Estate Advisor-Sept '17 Market Report  Courtesy of Land Title Guarantee CO.

Market Analysis % Change Year over Year 2016 vs 2017: The month of August was Summit's best month so far in 2017! There were 272 transactions and $170,248,375 in monetary volume 22% higher than August 2016. YTD 2017, monetary volume is up by 26% and transactions are up 8% compared to YTD 2016.

Comparative Historical Cost Analysis                         -Average Indicators for $: Single Family +17%, Multi- Family +12% and Vacant Land 0%.                    -Median Indicators for $: Single Family +22%, Multi- Family +10% and Vacant Land -9%.

Luxury Market Surges to new highs;                                -YTD 2017; 208 properties sold for a $1M and over            -YTD 2016; 121 properties sold at $1M and over                 -YTD 2015; 110 properties at $1M and over.                               That’s almost double in two years!

Time on Market; Demand is still in a frenzy as median days on market has held steady; it was 25 days for December 2016 and only 16 days in June '17. If you see something you like you need to make an offer NOW!

Buyer Demographics;  -Front Range; 42% -Local including relocating; 25%  -Out of State; 33%                -International; 0%. -37% of the real estate closings were ca$h tran$action$.  

The market has never been better, never.

    Prices are rising new listings are getting scarcer. Join the appreciation party!

              There may never be a better time. Call me now.

See the complete report from Land Title