Summit County Real Estate Statistics & Market Updates
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
Summit County real estate average sale prices are up 5 % through the first 3 quarters of 2012 and the number of sales are up 9 %. We are tracking towards 1400 sales, nearly 50 % more than 2009. Prices will increase in 2012, the first time since 2009.
October 8, 2012
Land values in Summit County are on the increase indicating the market is in recovery. The average sales price of land is nearly 19 % higher than at the end of 2011 and 25 % more lots have sold year to date in 2012 as compared to 2011. With the inventory of exisiting homes lower than in the past three years at this time, new construction is beginning to happen which will further drive land sales.
Prices for our least availabe segement of the Summit County real estate market will snap back quickly. Purchasing land in Summit County today is an excellent investment. Call today to get the most up to date information of homesite investment opportunities.
June 30, 2012
Through May 2012, resale condominium prices are more than 5 % higher than the average price in 2011.
June 21, 2012
Single Family home sales in Summit County Colorado are doing well so far this year with over 25 % more sales, at prices 2.6 % higher than last year-to-date. The recovery continues as more homes sell each month than in the same month the previous three years. The market gives every indication of having turned the corner. April 14, 2012
March 2012 Market Analysis – Land Title Guarantee Company