2014 Showed Sparked Real Estate Interest in the Mountain Resort Communities

Posted on February 16, 2015 by The Smits Team
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2014 Colorado Resort Market Analysis 

4th Quarter

 

Courtesy of: Land Title Guarantee Company

Brought to you by: Century 21 Gold, The Smits Team

Land Title is a local company within Colorado and has been in business since 1967. To help partner with our customers and local communities, we'd like to share some valuable information on the real estate market in seven of our Colorado mountain communities of Aspen (Pitkin County), Breckenridge (Summit County), Steamboat Springs (Routt County), Glenwood Springs (Garfield County), Winter Park (Grand County), and Vail (Eagle County) and Telluride (San Miguel County).

2014 Highlights from the Seven Counties:

  • Buyer Profile: 44.84% local, 23.89% Front Range, 30.25% Out-Of-State, 1.02% international

  • All counties saw an increase in gross sales volume over 2013 numbers with San Miguel with the largest increase at 49.78%

  • Single family average price up in all markets. Top two counties were Eagle with a 27.39% increase and San Miguel with a 32.45% increase

  • Eagle County saw a substantial increase in new construction with 137.64% of its gross transactions being new construction.

  • Summit County saw a 7% increase in real estate transactions in 2014 over 2013 and is up 41% from its 2011 transactions counts.

 

Eagle County
Garfield County
Grand County
Pitkin County
Routt County
San Miguel County
Summit County
 

Click here for a pdf version of the report. 
 

Eagle County:

  • Median Residential Price up 13.87% from numbers

  • Gross Sales Volume up 26.86% from LY numbers

  • Average Residential Price up 27.39% from LY numbers

  • Real Estate Transactions up 2% from LY

  • Buyer Profile: 52.39% local, 14.71% front range, 30.69% Out-of-State, 2.22% international

    •  

 

Garfield County:

  • Median Residential Price up 17.63% from LY numbers

  • Average Residential Price up 18.66% from LY numbers

  • Gross Sales Volume up 28.82% from LY numbers

  • Real Estate Transactions up 4.1% from LY numbers

  • Buyer Profile: 84.47% local, 3.83% Front Range, 11.71% Out-of-State, 0% international

    •  

Grand County:

  • Median Residential Price up 4.35% from LY numbers

  • Average Residential Price up 15.40% from LY numbers

  • Gross Sales Volume up 29.69% from LY numbers

  • Real Estate Transactions down 3% from LY numbers

  • Buyer Profile: 24.45% local, 56.96% Front Range, 18.25% Out-of-State, .34% international

    •  

Pitkin County:

  • Median Residential Price up 19.72% from LY numbers

  • Average Residential Price up 14.91% from LY numbers

  • Gross Sales Volume up 22.57% from LY numbers

  • Real Estate Transactions up 12% from LY numbers

  • Buyer Profile: 55.69% local, 2.68% Front Range, 39.63% Out-of-State, 2.01% international

    •  

Routt County:

  • Median Residential Price up 11.39% from LY numbers

  • Average Residential Price up 9.75% from LY numbers

  • Gross Sales Volume up 18.79% from LY numbers

  • Real Estate Transactions up 6.4% LY numbers

  • Buyer Profile: 44.85% local, 15.96% Front Range, 38.75%   Out-of-State, .44% International
     

San Miguel County:

  • Median Residential Price up 20.15% from LY numbers

  • Average Residential Price up 32.45% from LY numbers

  • Gross Sales Volume up 49.78% from LY numbers

  • Real Estate Transactions up 29.9% from LY numbers

  • Buyer Profile: 33.27% Local, 3.23% Front Range, 62.17% Out-of-State, 1.33% International

    •  

Summit County:

  • Median Residential Price up 3.29% from LY numbers

  • Average Residential Price up 4.46% from LY numbers

  • Gross Sales Volume up 8.29% from LY numbers

  • Real Estate Transactions up 7% from LY numbers

  • Buyer Profile: 24.09% local, 43.88% Front Range, 31.10% Out-of-State, .93% International

    •  

About The Smits Team

"Every morning I’m reminded of how incredible this place is, and nothing makes me happier than to help my clients make the most of their real estate opportunities here.” Amy Smits understands the value of living in a place with wide-open spaces and limitless opportunity. And as a real estate professional serving the Eagle County Colorado area, her passion for sharing everything this place has to offer is what drives her to help her clients succeed. Whether you’re looking for a home for your family, an investment property, or you want to sell your current home, look no further than The Smits Team. They're passionate about Seizing Opportunity in Eagle County real estate.
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