Summit County Market Analysis for June 2012

Land Title Guarantee Company recently released its monthly market analysis for Summit County real estate. And, the numbers for June 2012 contained some surprises.

As part of its analysis, LTGC provided the monthly percentage change in total dollar volume & total number of real estate transactions across Summit County. Comparing June 2012 to the month of June in recent years, the totals were as follows:

  • June 2009 – $34,049,300 generated from 80 transactions
  • June 2010 – $83,871,000 generated from 138 transactions
  • June 2011 – $65,751,300 generated from 104 transactions
  • June 2012 – $52,117,600 generated from 109 transactions

In June 2012, the number of real estate transactions in Summit County increased slightly over June 2011, but the total dollar volume of sales decreased. This data provided a real contrast to the May 2012 market analysis, where Summit County real estate saw increases in both dollar volume and number of transactions in comparison to May 2011.

On a nationwide basis, USA Today reported that Americans bought fewer homes in June 2012 than in May 2012. However, there was certainly some recent good news as well. Regarding new construction starts for residential real estate, June 2012 saw the highest numbers in the past four years. Mortgage rates continue to hit new lows. And, Goldman Sachs issued a report predicting that a strong recovery in new-home sales is ahead.

If you’re looking to buy a Summit County home, there are of course plenty of great opportunities available. Please don’t hesitate to contact Philip for help.

Summit County Listings Added Within Last 3 Days

$229,000
MLS# S389157
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6952 Ryan Gulch Rd , Unit 952
Silverthorne, CO 80498
2 Bedrooms, 2 Baths
Residential
Omni Real Estate
 
$389,000
MLS# S389149
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102 Morningstar Cir , Unit 102-B
Frisco, CO 80443
2 Bedrooms, 3 Baths
Residential
Slifer Smith & Frampton - Key
 
$2,100,000
MLS# S389147
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225 Opal Rd
Silverthorne, CO 80498
4 Bedrooms, 3 Baths
Residential
Key To The Rockies
 
$409,900
MLS# S389143
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196 Scr 628 Cord
Breckenridge, CO 80424
4 Bedrooms, 2 Baths
Residential
Breckenridge Associates R.e.
 
$677,000
MLS# S389153
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14 Larson Ln , Unit B
Frisco, CO 80443
4 Bedrooms, 4 Baths
Residential
Coldwell Banker Colo Rockies
 
$2,499,000
MLS# S389141
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159 Sage Dr
Breckenridge, CO 80424
5 Bedrooms, 6 Baths
Residential
Breckenridge Associates R.e.
 
$252,000
MLS# S389155
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443 Salt Lick Cir , Unit 443
Silverthorne, CO 80498
1 Bedrooms, 2 Baths
Residential
Colorado R.e.-hank Wiethake
 
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Disclaimer and Terms

The market analysis information and representations regarding market analysis above are based in whole or in part on information provided by Land Title Guarantee Company. Although the information above is believed to be true and correct, the information cannot be guaranteed. Therefore, neither SummitRealtor.com nor Land Title Guarantee Company can in any way be held responsible for its accuracy. The data above does not reflect all real estate activity in the market.