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View the video for a quick rundown of what is happening with the Summit County real estate market. Things are changing and if you are looking to buy or sell real estate in Summit County, it’s information you should be aware of.
We have been feeling like the market has been softening this year. Now that we are past the first half of 2019, Summit County market conditions are confirming our suspicions. Or are they? We had a cold spring with ski areas open longer and fewer summer visitors than normal so maybe that has something to […]
With three months gone this year, it’s looking like Summit County is going to see a softer real estate market in 2019. In a strong seller’s market like we have been seeing, a little softening isn’t necessarily a bad thing though. The number of residential sales so far this year is declining. That decline is […]
Whoa! The average sale price in Summit County is up again! In the last 12 months that ended February 28th,2019, it’s up 10.1% over the same period one year earlier. Before you get too excited, realize that doesn’t mean every home in the county appreciated by 10.1% in the last 12 months. There’s a lot […]
The new year is starting with slowing sales and rising inventory. Don’t panic, it’s not as bad as it sounds. Summit County has a very tight real estate market. We don’t have a lot of properties on the market, especially in the lower price ranges so rising inventory is a good thing. Slow sales are […]
The ever changing real estate market has been pretty apparent during the first 18 years of the 21st century. A strong start was followed by a little hiccup felt during the 911 tragedy. Then a steady push up before bottoming out in 2008. almost a decade was spent on that recovery and now, the question […]
October real estate numbers for residential properties in Summit County show a slight change in the market. Sales are down and inventory is up. If this continues, prices will level off. We had 228 sales in the month of October, which is the most sales in any one month all year. It is typical for […]
After three quarters of 2018 the number of residential properties sold is slightly behind last year at this time. The number of cash sales is slightly down also. However, all other categories are still going strong for the 2018 third quarter. Residential sales The number of residential sales dropped 6.6% however the dollar volume was […]
Residential Sales August 2018 Number of sales is down 12.6% vs August 2017 Dollar volume for sales is up 7.8% vs August 2017 Average sale price is up 23.3% vs August 2017 August 2018 average sale price was $862,340 There were 37.5% more sales over $1,000,000 in August 2018 vs August 2017 55 sales, or […]
The current, inventory starved, real estate market in Summit County that has pushed overall home prices higher is, as you would expect, making the price of entry level, second homes higher too. 100% ownership for $100,000 that was possible a few years back is non-existent these days. A more reasonable starting point would be $300,000. […]
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