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 […]
A Softer Real Estate Market in 2019?
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 […]
Short Term Rental Regulations – Are You in Compliance?
Short term rental regulations have been adopted across Summit County. They will be in full effect before the end of 2019. If you rent your property for less than 30 consecutive days, these regulations apply to you. It doesn’t matter if you rent your home only for Christmas break or if you rent it 365 […]
Summit County Real Estate Sales 2018
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 […]
2018 Third Quarter Real Estate Report
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 […]
Fast Facts – August 2018 Real Estate Sales
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 […]
July Real Estate Sales are Up but…
Residential real estate sales have been rolling along at a pretty similar clip to 2017. Some months better than last year, some months not. July real estate sales happened to be one of the up months. There were 182 residential sales in Summit County in July. That’s up 11% over 2017 when there were 164 […]
May Sales Lag Slightly
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 […]