The number of properties that have sold in Summit County is, again, the same as last year-the exact same. That is kind of amazing.
The new listing trend is continuing with another very strong week that ended up being 86% better (more listings) than last year for the same week. This recent surge of new listings has narrowed the difference in this year vrs last year for the total number of properties for sale down to a minus -10%.
Last week the under contract activity dropped about -23% and, yet, the current number of properties under contract today are holding a solid 21% improvement! Once all those under contracts start closing the closed transactions should start to outpace 2012.
Source: SAR Data for Residential (Condos, Townhome, Homes, Duplexes) in Summit County, Colorado only. * The information contained herein is based on information provided by others. Accordingly, we make no guarantee of its accuracy and suggest you make an independent inquiry of any matters you regard as important.
Monday, February 25, 2013
Monday, February 18, 2013
2013 Sales same as 2012...Summit County, Colorado Real Estate
The market is now even with last year at this
time for residential properties that have sold in Summit County! 104
this year and 104 last year. The average sold price this year is down
-5% as compared to the same time frame in 2012.
The number of available properties surged this past week with 54 new listings (that's an 86% improvement over the same week last year). Today there are 1038 properties for buyers to pick and choose from in Summit County; which is -12% less than they had to pick and choose from last year. It will be interesting to see if that surge of new listings continues.
And picking and choosing they (buyers) are with our current number of properties under contract reporting in at a plus (+) 15% gain over last year at this time. So, our closed and sold properties are even and our 'getting ready to close' properties are way ahead - should be an active couple of months of closings.
Last week's under contract activity did drop by about 26% and hopefully that is not a trend. Perhaps it is a blip due to a bit a new snow and folks enjoying their favorite Summit County ski resort instead of purchasing their next mountain home this past week.
Learn more here, Weekly R.E. Update.
Source: SAR Data for Residential (Condos, Townhome, Homes, Duplexes) in Summit County, Colorado only. * The information contained herein is based on information provided by others. Accordingly, we make no guarantee of its accuracy and suggest you make an independent inquiry of any matters you regard as important.
The number of available properties surged this past week with 54 new listings (that's an 86% improvement over the same week last year). Today there are 1038 properties for buyers to pick and choose from in Summit County; which is -12% less than they had to pick and choose from last year. It will be interesting to see if that surge of new listings continues.
And picking and choosing they (buyers) are with our current number of properties under contract reporting in at a plus (+) 15% gain over last year at this time. So, our closed and sold properties are even and our 'getting ready to close' properties are way ahead - should be an active couple of months of closings.
Last week's under contract activity did drop by about 26% and hopefully that is not a trend. Perhaps it is a blip due to a bit a new snow and folks enjoying their favorite Summit County ski resort instead of purchasing their next mountain home this past week.
Learn more here, Weekly R.E. Update.
Source: SAR Data for Residential (Condos, Townhome, Homes, Duplexes) in Summit County, Colorado only. * The information contained herein is based on information provided by others. Accordingly, we make no guarantee of its accuracy and suggest you make an independent inquiry of any matters you regard as important.
Monday, February 11, 2013
Market Activity in Summit County, Colorado Still Brisk.
The local real estate activity is still brisk with the number of
residential properties going under contract in Summit County last week
improving by about 14% over the same week last year. The total number of
properties under contract today is up about 13%. Even last week's
number of properties that sold more than doubled that of last year!
Sold Activity. Year to date through the 10th of
February the county is down -9% for the number of sales and the average
sold price is also down by -8%. The percent of list price ratio to sold
price is running at 94% and taking the average list price of the 165
properties that are currently under contract in Summit County and using
that same 94% ratio what is pending should sell just under today's
average sold price. Just under by about $2,000 less - so pretty close.
On the market today and waiting for that special buyer
are 1033 residential properties at an average list price of $713,021.
Today's average list price is -3% less than last year at this time.
Consider this though, the average list price today of residential
properties that are under contract in Summit County have an average list
price that is about 79% of the average list price of active properties
that are not under contract. And those under contract properties are, on
average, 6% above the sold average price.
Interesting stuff. Have a great week.
Jeff
Source: SAR Data for Residential (Condos, Townhome, Homes, Duplexes) in Summit County, Colorado only. * The information contained herein is based on information provided by others. Accordingly, we make no guarantee of its accuracy and suggest you make an independent inquiry of any matters you regard as important.
Learn more here: http://www.eColoradoHomes.com/
Monday, February 4, 2013
January 2013 Summit County Market Update
The Market: Residential sales this January 2013 in Summit County are down -12%. Year to date, through Feb. 3rd the number of residential sales is also down by -17% with the South Side of the county down -18% and the North Side down -7%.
It is only the first month, but where is our market down...under $250,000 the sales are about the same, $250k to $500k the sales this January are down close to 30%, sales between $500k and $1m are down about 16% and sales between 1m and 1.5m are down -40%!
Interesting that the average sold price today is up and, yet, that is no wonder with the sales over $1,500,000 improving by 400%. Again, the first part of the year represents small numbers and a lot can change in just 30 to 60 days, but an interesting trend to start the year off with...
At this time in 2012 the average list price was $733,533 and today that average price is $720,451 and the number of active residential properties for sale in Summit County is also down -12% today.
Ahh, the silver lining today as we begin February is that our current number of properties that are under contract and getting ready to close is up 19%! In fact, the weekly activity last week for properties going under contract went up 43% over the same week last year. Even more, the extra that is now under contract more than doubles what the county was short in January.
The next few months will be very interesting.
Source: SAR Data for Residential (Condos, Townhome, Homes,
Duplexes) in Summit County, Colorado only. * The information contained
herein is based on information provided by others. Accordingly, we make
no guarantee of its accuracy and suggest you make an independent inquiry
of any matters you regard as important.
Learn more here: http://www.eColoradoHomes.com
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