Here are Real Estate market highlights for June - Breckenridge and Summit County

  • Market Analysis by Area for June 2022: There were a total of 161 transactions and $188,302,246 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $1,295,071. The average residential price was $1,371,404 and the average residential PSF was $822.
  • Market Analysis by Area 2022 (6 Months) YTD: There are a total of 869 transactions with $1,121,198,009 in monetary volume. The average transaction price is $1,351,154, the average residential price is $1,375,523 and the average residential PPSF is $816.
  • Market Snapshot for YTD Year 2022 vs Full Year 2021: Average Indicators for $: Single Family +29, Multi- Family +22% and Vacant Land +25%. Median Indicators for Single Family +39%, Multi- Family +12% and Vacant Land +26%
  • Market Analysis % Change YTD June 2022: Monetary volume in June 2022 was down 37% from June 2021. Transactions were down 44% from June 2021. YTD 2022, $ volume is pacing 12% down from YTD 2021, and transactions are 35% down from YTD 2021.
  • Residential Cost Analysis: Residential volume in June had 125 transactions with $171,425,515 gross volume. There were 70 properties that sold for $1M and above in June. There were 45 Single Family, 80 Multi-Family and 5 Vacant Land transactions in June 2022.
  • Average Price History by Type- YTD 2022: Average price for residential Single Family: $2,214,858, Multi- Family: $917,877 and Vacant Land: $632,218.
  • Comparative Historical Cost Analysis Comparison YTD 2022-2021-2020: YTD 2022, there were 683 residential transactions and $939,482,232 gross $ volume with 360 properties selling for over $1M. YTD 2021, there were 1080 transactions with $1,132,888,799 gross $ volume with 356 properties selling for over $1M. YTD 2020, 561 transactions with $468,357,923 gross $ volume with 145 properties selling for over $1M.
  • Top Lender Analysis June 2022: There were 385 loans. Of those, 120 loans were related to sales, there were 122 REFI's and 143 loans were timeshare related. 25% of the real estate closings were cash transactions.
  • Foreclosure 2022 Update: There were 5 Foreclosure actions recorded in June 2022, compared to 0 in June 2021. All 5 of those were Intervals. there are a total YTD of 25 actions most all timeshare. No bank sales.
  • New Unit Sales: 4 in June.
  • Purchaser Profile Abstract: There were 72 upper end sales in June 2022. Our buyers for real estate transactions for June 2022: Local buyers at 35%, with the Front Range demographic at 33% and 32% are out of state buyers with 0% International. There is also a graph included showing demographic trends through 2013 on page 19.

Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office for that particular month. The information is not directly related to MLS data. The data is an unofficial tabulation of Summit County Records that are believed to be reasonably accurate.

Source - Land Title Guarantee Company