Summit County Real Estate Market Update
6 Month Comparison 2007 – 2012
The Summit County Real Estate Market is continually showing signs of improvement. Looking at the Summit County real estate market for the first 6 months of 2012 and comparing it against every year since 2007, it appears sales are on the rise. With a 17% increase in sales in the first 6 months of 2012 over 2011 and a 77% increase in sales over our slowest year 2009, the Summit County CO Real Estate market is on the rebound.
If you have been considering purchasing a property in Summit County Colorado but haven’t yet, you haven’t yet missed your opportunity as prices are still low. Comparing the first 6 months of 2012 against 2011 the prices are down 6.5%. With Summit County Real Estate not feeling the effects of the economy until October 2008, the first 6 months of 2008 produced an average sold price per square foot of $390. The current average sold price per square foot is $290 which is 34.5% below 2008.
Prices are down and sales are heating up; now might be the time to purchase a property in Summit County Colorado before prices start going up. If you have been considering buying a second home in the Summit County Real Estate market, contact Krystal Knott with Christie’s International Real Estate. I am full time, experienced Realtor that are here to assist you and your family in finding the ideal mountain home at the right price…contact me today!
SEARCH ALL PROPERTIES FOR SALE IN SUMMIT COUNTY CO REAL ESTATE
