New home sales are blossoming as the inventory of previously owned homes continues to decline. New home sales jumped 1.5 % in March, the second highest monthly sales pace in three years according to data released Tuesday by the Commerce Department. Year over year March sales were up 18.5 %.
The figure comes one day after the National Association of Realtors reported that there were just 1.93 million existing homes for sale last month, the lowest tally for the month of March since 2000.
Dennis Clauer April 24, 2013
Summit County real estate sales year to date in 2013 include 19 sales of properties at $ 1 million or more. This represents 11.8 % of the total market year to date.
March 12, 2013
January 2013 was an excellent month for Summit County real estate. Average single family home prices increased by 28 % ( $ 974,971 in January 2013 from full year 2012 $ 764,456 ). Vacant land increased by 11 % ( $ 342,825 in January 2013 from $ 309,512 full year 2012 ).
There were 89 residential transactions in January 2013 totaling $ 48,299,200 as compared to 2012 with 79 transactions totaling $ 37,827,700 in volume. This represents a 28 % increase in dollar volume and a 13 % increase in number of transactions. Ten properties over $ 1,000,000 sold in January 2013 as compared to seven in January 2012, a 43 % increase.
February 20, 2013
The average sale price in Summit County will exceed the previous year in 2012 as compared to the previous year for the first time since 2008. Average prices declined 16.8 % from the peak in 2008 through last year. This year prices are up 5.1 %. If you have been waiting for the market to reach bottom before making your Summit County real estate investment, don’t delay. Call us today!
Thirteen percent more properties have sold in Summit County in 2012 as compared to 2011. One hundred and ninety-five properties sold in October of 2012, the most in the last 59 months.
November 11, 2012
Fast rising metro Denver home prices are back to their record highs of 2006, fueled by buyers competing for a limited number of properties. So far this year, single family homes have sold for a median price of $ 250,000, matching the level they hit in 2006 before the market began to decline.
November 9, 2012
Home prices appreciated in a growing number of cities during the 3rd quarter, the latest evidence the real estate recovery is gaining momentum and breadth.
The median price for an existing single-family home was $ 186,000 in the third quarter, up 7.6 % from a year earlier and the largest year-over-year growth since 2006, according to a report Wednesday by the National Association of Realtors. More cities saw gains. Single family home prices rose in 120 of 149 metropolitan areas tracked by NAR, up from 110 in the second quarter and 39 in the year ago period.
November 8, 2012