Summit County Colorado Market Report

Real Estate

Real Estate Advisor-April 2019 Market Report Courtesy of Land Title Guarantee CO.

Market Analysis % Change April 2019 vs 2018: Monetary volume ($153,170,489) in April 2019 was up 3% from April 2018. Transactions (166) were down 20% in from April 2018.  YTD 2019 Monetary Volume is pacing 15% ahead of YTD April 2018, and transactions are down 10%. Prices continue creeping up but for how long?. With 560 properties now on the market your choices are excellent, time to take advantage.

Comparative Historical Cost Analysis: Average Indicators for $: Single Family +14%, Multi- Family +8% and Vacant Land -2%. Median Indicators for $: Single Family +4%, Multi- Family +8% and Vacant Land -14%.                                    

Luxury Market bouncing back big time!; -YTD '19 104 properties sold for a $1M and over. -YTD '18; 80 properties sold at $1M and over. -YTD '16; 95 properties sold at $1M and over.                               

Time on Market; Demand recovering slightly, Median days on Market was only 13 days in July '17 and dropped to an amazing median of 11 days on market for April 2018. February was up to 34 but April is back down to 14! Average days have stayed up at 43 which means the properly priced homes are selling quickly and many other people are pushing the market hard. 

Buyer Demographics; -Front Range; 39%, back down from last month's high -Local including relocating; 27% -Out of State; 35% -International; 0%. 33% of transactions were Ca$h.

With 560 properties on the market right now choices are improving. But the good ones go fast so keep your eyes open and be ready when you see the one you want.