Land prices in Summit County are now at levels not seen since 2004. The average homesite was priced at $ 495,900 in 2008, $ 257,200 today and $ 229,200 in 2004. Cash investors demanding appreciation opportunities should look no further than vacant homesite purchases in Summit County. The county is close to build out and whether the decision to purchase is based on future development of the land by the purchaser or to purchase, hold and divest of the vacant land at a higher price in the future, it appears the timing is excellent for either such an investment.
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