Summit County Real Estate Market Update – 6 Month Comparison 2007 – 2012
Krystal Knott July 19, 2012
Krystal Knott July 19, 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 a 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!
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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.