November Market Analysis and Real Estate Highlights

Real Estate Highlights for November 2007

YTD November 2008 had 168 Residential Improved Units that closed between the $1M to $3M range, YTD November 2007 had 189 Residential Improved Units that closed between the $1M to $3M range. Please note that Crystal Peak Lodge units played a role in these figures in 2008.

November 2008 had the least number of transactions and monetary volume this year.

The 2008 Year to Date Gross Residential Price Index shows that our average prices continue to surpass the past two years of 2006 and 2007.

The most active areas in November were Breckenridge and the Breckenridge Golf Course with 26 transactions ($20,555,700), Frisco had 16 transactions ($9,277,600), Keystone had 13 transactions ($4,434,400) and Wildernest had 15 transactions ($5,526,800).

The month of November 2008 shows a 63% decrease from the month of November 2007 in monetary volume. The month of November 2008 indicates a 63% decrease in number of transactions compared to the month of November 2007.

YTD 2008 % 34% of the Real Estate transactions in November were cash transactions at the time of closing.

* Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office. 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. *