Your Source for Summit County Real Estate
March marks the end of the 3rd year since the country was locked down due to the Coronavirus pandemic. A lot has happened in those three years. Initially real estate activity came to an abrupt halt, along with most everything else. Real estate became an essential service and we were allowed to show property again. […]
February residential sales in Summit County were a bright spot in what we expected to be a dismal real estate market. With high interest rates constricting demand, we have had pretty low expectations for 2023 real estate sales. February is giving us hope that the housing market is not still in constriction. Maybe the Summit […]
The 2022 real estate market ended the year at a snail’s pace. It slowly trudged through the last months of the year with sales that were similar to our slowest time of year; the beginning. So what does that mean for the start of 2023? Are sales even slower than a snail. What would that […]
Beginning skiers know pizza and french fries very well. Pizza is the wedge shape you make your skis when you want to go slow. French fries make your skis parallel to go faster. Summit County home sales slowed like a pizza wedge on the slopes in October, and really, for nearly the entire 2022 year. […]
Summit County homes are taking longer to sell. The average time on the market is just 36 days, however, that is feeling like an eternity. When we have been used to buyers lining up for homes, to watch them just sit there is excruciating. This extra time on the market is not creating a lot […]
August adds a few more sales to the 2022 residential real estate sales. However, it’s not enough to change the path of slow real estate sales in Breck and other Summit County towns. Higher interest rates, concern about the economy and low inventory levels are keeping buyer demand low. We are seeing pressure on pricing […]
The real estate market is in transition. I don’t think anyone would argue with that statement. So now that it is in transition, should buyers be moving forward with a home purchase? Is this a good time to buy a Summit County home? There are several factors to consider before answering this question. Home prices, […]
Just four months into 2022 we are seeing some significant signs of a real estate shift from the last two years. An increase in mortgage rates has made already high prices even more expensive when a loan is involved. Rarely seen during the last two years, decreases in listing price of properties are happening more […]
It seems to be a popular headline in the media right now. The second home market is slowing. Sales are not where they were last year. The headlines are designed to draw you in. If you are in the market for a second home, that headline will grab you. Reading the articles can make you […]
It has been a crazy couple of years in real estate across the nation. Summit County has been no exception. Soaring prices, limited inventory & competition for properties pretty much sums up 2021. We will dig into more of the 2021 stats and tell you what to expect as we head into 2022. Average Sale […]
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