Summit County CO Real Estate Market Update
The Summit County CO Real Estate Market at the end of April 2012 is still improving over previous years. Compared to the end of April 2011 when there were 280 closed residential transactions, 2012 at the end of April has closed 296 transactions which is an increase of 5.7%. The number of closed transactions so far this year has also increased 32% over 2010 and 74% over 2009 as of the end of April each year. While transactions are increasing prices continue to remain low in Summit County CO Real Estate.
The average sold price per square foot for all residential sales in Summit County CO Real Estate through April 2012 is $288. This is a decrease from previous years at this time, in 2011 the average was $314, 2010 the average was $316 and 2009 the average was $351 for the average sold price per square foot of all residential transactions as of the end of April. So far in 2012 are average sold price per square foot is down 9 – 21.9% over previous years.
While the Summit County CO Real Estate Market appears to be improving in sales and continuing to be low in price, each area and complex are different. For information on a particular town, area or complex in Summit County CO Real Estate contact Krystal Knott with LIV Sotheby’s International Realty. I am your full time, local experts ready to assist you and your family with finding the right property at the right price in Summit County, Colorado.