Another Real Estate Record Set

Another record was set for real estate in September. Transactions reached an all-time high of 445 "actual recorded deeds" for the month, according to information gathered by Land Title Guarantee Company.

This follows a record-setting month of August, when transactions also reached an all-time high.

“More people are investing in real estate versus the stock market, and they’re trying to buy in before interest rates go back up,” said Brooke Roberts, sales and marketing director with Land Title Guarantee. Roberts also attributes the rise in transactions to an influx of more locals buying in to the market, as they “realize the importance of buying real estate as an investment,” she said. As proof, Land Title reports that county properties priced below $200,000 had the highest number of transactions for the month, at 107.

Breaking down the transaction numbers further, Land Title reports that the average median transaction price (or the number at which half the transactions were priced above and half below) fell to $276,800 — just below August’s median mark of $293,000.

Breckenridge continued to rack up the most number of transactions by area; Breckenridge had 180 transactions. Keystone, Frisco and Wildernest were next on the list, with 53, 35 and 34 transactions each, respectively.

Looking at year-to-date data, Summit County is poised to surpass the real estate totals recorded for last year. Through September, total real estate sales volume is up 133 percent over last year, and transactions are up 128 percent year-to-date.