Summitforeclosures.com is the source for foreclosures, short sales and distressed properties in Copper Mountain, Frisco, Breckenridge, Blue River, Keystone and Silverthorne.
Highlights from this report include:
- December was the third best month of 2012. There were 185 real estate transactions with $87,217,800 gross volume.
- There were 1,624 transaction, with $772,913,600 Gross Volume in 2012. 2012 finished with the Average Residential Price at $512,592, Median Residential Price at $400,000 and Average price per square foot at $291. Breckenridge (Blue River to Farmer’s Corner) accounted for 46% of the $ volume, Copper Mountain was at 3%, Frisco at 11%, Keystone at 12% and Silverthorne at 12%.
- The Average Prices were fairly even to last year. Single Family homes increased by 4% and Multi-Family fell at -4%. Vacant Land indicated a 26% increase. If you view the Median prices on the chart on page 4 of the analysis, you will see that the trends are similar with Single Family increasing by 6%, Multi-Family was actually up by 3% and Vacant Land was up 27%.
- December 2012 Dollar Volume was up 42% over December 2011. December 2012 transaction were up by 32% compared to December 2011. December 2012 was our best December since 2007.
- There were 1,314 residential transactions 2012 and $673,545600 gross volume and 106 properties over $1 million. 2011 had 1,176 transactions and $598,530,900 gross volume with 101 properties at $1 million and over.
- The strongest Residential price point for the past 3 years in Summit County has been in the $200K – $300K price range.
- Bank Sales and Foreclosures: Bank sales in December were flat to November 2012 at 3. Year total there were 64 Bank sales totaling $20,669,875 gross volume or $322,967 per unit which accounts for 2.67% of the overall gross volume or 3.94% of the total transactions in 2012. Year end Foreclosure info for 2012- there were 251 NED’s, 132 NED’s withdrawn, so 119 Active NED’s presently for 2012, and PTD at 165. 2012 Foreclosures are showing a downward trend in 2012. A large % of NED’s in December were Timeshares, most of the unsettled NED’s have now converted to PTD including the leftovers from 2011.