Assesor tax information on appreciation in Summit county

232380 Resource 78724 162077 162077 1242690719391 1242692467073 Controlled A Tax Assessor's view of the Summit County Real Estate Market

Recent reliable statistics that show our counties time trend appreciation from Jan. 2007 to June 2008

Fresh statistics from the Summit Assessors that provide appreciation information.  I find I have more trouble getting this statistic than any other.  The County Assessor has compiled the data and I thought I would pass on the information to you. These statistics compare previous sales (2004-2006) to January 2007- June 2008.  That would mean that these numbers are pre-market downturn.  As you can see from the Assessors information, even if our economy is going south, we did really well the last few years.  The power point on the link below is 77 pages long.  Below are some of the highlights-Page 5 – shows each area that the study was broken down intoPage 6- shows the land appreciation statistics-  this one is important and shocking.  If we look at Vail and Aspen, we see a spike in land value just before we get to “build-out” where there isn’t any more land to build on.  Both of those resort areas show dramatic appreciation in residential units, as you would expect, once the land market shrinks in inventory.Page 9-  shows a county wide appreciation of 24.5%Pages 11/12-  Appreciation in different parts of the county and with different property types.Most of the rest of the presentation are pictures and prices of sales.Take a look- <a href="http://www.co.summit.co.us/Assessor/bevs_presentation/2009%20county%20assessors%20report%20on%20property%20value.pdf">http://www.co.summit.co.us/Assessor/bevs_presentation/2009%20county%20assessors%20report%20on%20property%20value.pdf</a>                Our current situation is that Summit is lacking Buyers.  The inventory prices are softening but have not dropped considerably as a whole.  If we reach "build-out" and prices increase like they have in Pitkin (Aspen) and Eagle (Vail) counties, we could be having the small calm before the storm. Average Single Family Home valuesPitkin    5,025,843Eagle     1,387,844Summit   800,914 9 application/xml false assesors presentation. Breckenridge real estate appreciation Summit County tax value Assesor tax information on appreciation in Summit county A direct link to the tax presentation http://www.co.summit.co.us/Assessor/bevs_presentation/2009%20county%20assessors%20report%20on%20property%20value.pdf Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; GTB6; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 jbrewer 71.211.167.172 false true false false true 205866 false false true false false false true 78724 blog blogsite/SnowHome/web