Your Source for Summit County Real Estate
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 […]
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 […]
May sales saw land and residential property closings lagging a little but pricing and days on the market are still strong. Inventory is beginning to build. This summer’s sales will help to paint a picture of what’s to come in 2019 for the Summit County real estate market. Residential Sales This May there were 147 […]
We’re still telling the same real estate story we were last year. Inventory is low which is pushing prices higher, and inventory will continue to drop through the end of the year. Low Inventory As of November 18th we have just 355 residential properties on the market in Summit County. That’s 11% fewer properties than […]
Despite low inventory levels, it’s been a great first quarter for residential real estate sales. Sales are up over 2016 and the highest we’ve seen in a decade. Inventory is starting to build so hopefully we can sustain an even better second quarter. Residential sales in January were great; up 29.9% over 2016 and the […]
Real estate, like most commodities, is a supply and demand market. Low supply and high demand create a tight market. High supply and low demand create a saturated market. During a saturated market, there are an abundance of properties. That abundance gives buyers their pick of properties and makes sellers compete to get one of the […]
You have probably heard that inventory levels are down in Summit County. We only have enough properties for sale to get us through the next 3 months. Of course, more properties will come on the market and carry us into the summer and fall months, our selling season. However, choices will be tight and competition may […]
Are you looking for a home in Frisco? It is slim pickin’s right now. As I’m writing this there are only 21 residential properties for sale in Frisco. The lowest priced is a 3 bedroom condo for $428,000. Only 12 of the 21 properties are priced under a million dollars. There are 12 additional properties under […]
It’s starting to feel like Autumn around Summit County. There’s a nip in the air, the big ski sales are underway, the leaves are changing and the tourist activity is winding down. Most people would believe real estate activity is winding down too but that is not the case. Real estate sales have been hot […]
As we head into summer, it is typical for the number of properties on the market to increase. The ski areas have closed, seasonal rentals are done so it’s time for those interested in selling to get their properties ready and put them on the market. This year is no different in that respect. Since […]
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