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Summit County Market Report through July 2018

Prices have continued to increase in the Summit County residential market.  As you can see in the graph above, the average price for a Single Family home throughout the entire county has gone up 2% since last year and multi-family properties have gone up 8%. Another interesting factor is that only 32% of the buyers in the county are “local” buyers.  The rest are purchasing second homes with the bulk coming from the front range of Colorado and the rest out-of-state. To view the complete report from Land Title Guarantee Company, CLICK HERE.  The complete report breaks down sales by...
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Home Prices: The Difference 5 Years Makes

Home Prices: The Difference 5 Years Makes CoreLogic recently released their Home Price Index Report. One of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018 to show how prices over the last five years have fared. The graph below was created to show the 5-year change in price from July 2013 to July 2018 by price range. As you can see in the graph, the highest price appreciation occurred in the lowest price range with 48% growth, while the highest priced homes appreciated by...
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Are Summit County Homebuyers Starting to Hit the P...

For the last few years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to the Summit County Average Home Price increasing nearly 39% since 2013. With this being said, three of the four major reports used to measure buyer activity have revealed that purchasing demand may be softening. Here are the four indices, how they measure demand (methodology), what their latest reports said, and a quick synopsis of the report. The Foot Traffic Report by the National Association of Realtors Methodology: Every month SentriLock, LLC provides NAR Research with data on the number of properties...
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