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Where are Home Values Headed over the Next Few Yea...

Where are Home Values Headed over the Next Few Years? There are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, and economists conducted by Pulsenomics each quarter. Zelman & Associates – The firm leverages unparalleled housing market expertise, extensive surveys of industry executives, and rigorous financial analysis to deliver proprietary research and advice to leading global institutional investors and...
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Have you Prepped your Summit County Home for Winte...

Oooh!  It’s that time of year again….the leaves have turned are and are now falling from the trees, the temperatures are falling below freezing at night, and there is talk of snow this weekend.  So – have you prepared your Summit County property for winter? Some items to think about include: It is wise to have your heating system serviced each year.  Whether you have forced air or radiant heat (baseboard or in-floor), you should arrange to have your furnace serviced before the cold really sets in.  Service calls are much cheaper than Emergency Service Calls (which always seem to...
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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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