Summit County Real Estate Market – First Quarter 2012
Krystal Knott April 6, 2012
Krystal Knott April 6, 2012
The Summit County Real Estate Market continues to improve over previous years. The first quarter of 2012 had 202 sales, an increase of 5% from the first quarter of 2011, which had 192 sales, and a more substantial increase of 21% during the same period in 2010, with 160 sales. With sales dropping to a low of 124 sales in the first quarter of 2009, the Summit County CO Real Estate market continues to trend upwards in sales while prices remain down.
Average sold price per square foot for the first quarter of 2012 is down 39.5% from the height of the market in 2008. The sold price per square foot was $402 in the first quarter of 2008 compared to $288 in 2012.
What does this mean to you as a potential buyer of Summit County Real Estate?
No one wants to purchase at the top of the market. While we can’t predict the bottom of the market, it appears we are nearing or have already hit the bottom, with sold price per square foot being so low and the number of sales increasing. Begin your search online, save properties of interest until you are ready to arrange a time to meet with Krystal Knott with Christie’s International Real Estate to view properties in person.
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These single-family residences are situated on anywhere from 0.14 to 0.43 acres.
If you are looking for a dedicated broker who will not only put your needs first but will work hard to exceed your every expectation, give Krystal a call. She and her unmatched team of professionals are eager to show you that there is no better choice in Summit County to buy or sell your home.