Summit County real-estate sales see dramatic fall in 2008
Recently released year-end figures from Land Title Guarantee Co. reveal what any local real-estate agent already knows: 2008 was not a great year. Taking data from the Summit County Clerk and Recorders Office, Land Title reports that monetary volume for 2008 was down 35 percent from 2007. In December alone, monetary volume for 2008 was down 55 percent compared with the previous year.Other 2008 highlights from the report: As a percent of volume, the top three sales areas are: No. 1, Breckenridge; No. 2, Silverthorne; No. 3, Keystone. The average transaction price in all 20 areas in 2008 was $585,841, in 2007 it was $509,693 and in 2006 is was $448,367. The Summit County Residential Price Index from 2006 to 2008 shows steady average prices in 2008 of $835,803 for single-family residences; $463,633 for multi-family residences; and $470,260 for vacant land. Some 177 residential units sold for $1 million or more in 2008, compared with 216 units in 2007. The number of transactions in residential units was down more than 50 percent in 2008 from 2007, and total dollar volume was down more than 60 percent from 2007. Cash transactions in 2008 comprised 35 percent of the sales in Summit County.December highlights include: The average transaction price in December continued to hold steady. The median residential transaction price for real estate in December 2008 was $385,000. The highest number of transactions fell in the $300,000 to $400,000 price ranges in December. Nine properties sold for $1 million or more in December. The number of transactions in 2008 were down 43 percent from 2007.
Anaconda Condo, Building 2, Unit 103, Michelle and Greg Wilson, $185,000, 1/22/2009, Murphy, Ricky and Sandra.Cache @ Union Creek Sub, Lot F2-102, Franklin M. and Judith E. Boyer, $339,900, 1/21/2009, Copper Cache Development Co., LLC.Lodge @ 39 Degrees North Condo, Unit B, James R. and Carrie W. McClellan, $287,500, 1/20/2009, King, Greg.Lone Eagle above River Run, Unit 302, Karin and Neil Lipke, $625,000, 1/19/2009, Lipke, Edward.Timber Ridge Condo, Unit 91309, Wesley D. Wingett and Cheryl Field, $230,000, 1/23/2009, Real Estate Group of Summit County.Valley of the Blue Sub, Lot 100, Jacquelene M. Ball and Gregory Kin, $485,000, 1/21/2009, Michael Joannides and Elizabeth Riche.Cache @ Union Creek Sub, Lot F2-101, John A. and Linda K. Carlton, $589,900, 1/27/2009, Copper Cache Development, LLC.Gold Flake Sub, Lot 11, Dominic and Mary E. White, $3,108,000, 1/30/2009, M.E. McGarry Trust and Arnold Surdyk.Gore Trail @ Wildernest Condo, Bldg 4, Daniel and Elizabeth A. Muehl, $380,000, 1/26/2009, Sarafin, Thomas and Nancy.Huron Heights Sub, Lot 9, Leroy H. and Debra J. Dinslage, $800,000, 1/27/2009, Drabinski, Walter and Joanne.Keystone West Ranch Sub, #4, Lot 3517, Nuevo Capital Partners LP, $1,265,000, 1/30/2009, Harold F. Thorne Jr. Trust and Sally C. Thorne.Lot 3 Duplexes, Lot 14-A, Jeffrey and Janet C. Young, $680,000, 1/28/2009, Gray, Robert and Karen.Royal Sub, Lot 293, Wiley G. and Carolyn S. Asher, $395,000, 1/29/2009, Willumstad, Robert.Silver Queen West Condo, Building C, Unit 5, Ben Atkinson, $135,000, 1/27/2009, Field, Cheryl.Silver Shekel Sub, #2, Lot 64, Michael G. and Laura T. Davis, $615,000, 1/27/2009, William Dau and Melissa Krebs.Silver Shekel Sub, #3, Lot 14, Stephanie D. and Richard L. Raffe, $680,000, 1/30/2009, Riggins, Steven and Kristina.Sts John Condo, Unit 2523, Andrew and Kim Scobbie, $370,000, 1/27/2009, Clark, Robert D. and Marianne.Summit Cove Subs, #2, Lot 41, Blk 13, Carrie Massey and Robert G. Lott, $389,000, 1/30/2009, Clift, Rob and Sheri.
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