The market is now even with last year at this
time for residential properties that have sold in Summit County! 104
this year and 104 last year. The average sold price this year is down
-5% as compared to the same time frame in 2012.
The number
of available properties surged this past week with 54 new listings
(that's an 86% improvement over the same week last year). Today there
are 1038 properties for buyers to pick and choose from in Summit County;
which is -12% less than they had to pick and choose from last year. It
will be interesting to see if that surge of new listings continues.
And picking and choosing they (buyers) are with our current number of
properties under contract reporting in at a plus (+) 15% gain over last
year at this time. So, our closed and sold properties are even and our
'getting ready to close' properties are way ahead - should be an active
couple of months of closings.
Last week's under contract
activity did drop by about 26% and hopefully that is not a trend.
Perhaps it is a blip due to a bit a new snow and folks enjoying their
favorite Summit County ski resort instead of purchasing their next
mountain home this past week.
Learn more here, Weekly R.E. Update.
Source: SAR Data for Residential
(Condos, Townhome, Homes, Duplexes) in Summit County, Colorado only. *
The information contained herein is based on information provided by
others. Accordingly, we make no guarantee of its accuracy and suggest
you make an independent inquiry of any matters you regard as important.
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