I have good news to report for this month’s Summit County, CO real estate update. Sales in the Summit County market have gone up 1.7 percent so far this year and the average sold price has risen 7.1 percent!
For a while, the inventory of homes had been down around 10 percent, but inventory has actually increased so it is now at minus 7.4 percent instead. That means more homes and condos are for sale all around Summit County.
When it comes to activity, the north and south side of the county have different stories to share. Currently, the north side is seeing sales down by .4 percent for the amount of properties sold. However, this number is slowly improving as we make it through the year. The average sold price is slightly up at 1.3 percent.
Moving onto the south side, the number of residential sales has gained by 4.2 percent. Plus, the average sold price is enjoying a 10.7 percent gain.
Overall, there is a lot to be happy about with the current state of Summit County’s real estate market. Little improvements can lead to bigger numbers down the road. I’ll make sure to keep you updated!
Contact Me For More Information
When you’re preparing to buy or sell a home in Summit County Colorado, the most current market reports are always important resources. Just remember that Summit County real estate can change fast. You should be careful not to draw conclusions based on one market update.
If you’d like to view homes for sale in Summit County, I’m happy to put together some properties that might suit your needs. Feel free to browse through the updated listings on my website as to get started before we chat.
Or if you’re ready to put your own home on the market, I can help you in that process, too. Give me a call so that we can get started right away.
I’m always ready to help clients talk through their options or schedule showings, so when you’re ready, contact me at any time via email ([email protected]) or on my office line. I look forward to working with you!