Summit County CO Real Estate Market Report - September 2012

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Real Estate Agent with Fuller Sotheby's International Realty

Summit County CO Real Estate Market Report

September 2012

Take a look at the Summit County CO Real Estate Market Report for September 2012.  As mentioned in previous market reports, prices are down and sales are up leading to the conclusion that the Summit County CO Real Estate market is on the rebound.

At the height of the Summit County CO Real Estate market the average sold price per square foot was $384 in 2008 and $372 in 2010.  As of September 2012, the average sold price per square foot is $288, down -25% from the height in 2008 and down -5% from 2011, $303 per square foot.


Summit County CO Real Estate sales are trending upward as prices have fallen.  The number of completed residential transactions or sales in all of Summit County is up +16.5% over the 619 sales in 2011.  This is also a +39% increase over our lowest number of sales in 2009 with 449 transactions.

While it is nearly impossible to predict when the bottom is going to occur in a real estate market, most Buyers we have interacted with lately think it is near the bottom or the bottom has already hit.  Our opinion is that the Summit County CO Real Estate market is on the verge of moving upwards again soon.  There are less bank owned properties and motivated sellers which could start driving prices upward.  Don’t miss out on the opportunity to purchase a property in Summit County Colorado at some of the lowest prices in recent years.

To discuss your individual property search and the Summit County CO Real Estate market contact Justin and Krystal Knott with Ten Peaks Sotheby’s International Realty.

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Market Reports
Mountain Homes
Sotheby's International Realty
Colorado Real Estate
Vacation and Second homes
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summit county co real estate market report

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Rainmaker
636,409
Stephanie/Bob The Ruiz/Miller Team
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team
Very nice market reports Justin and Krystal. We need to get there.
Sep 16, 2012 06:14 AM #1
Rainer
41,701
Joe LaVallie
HomeStreet Bank - Mountlake Terrace, WA
111363

The bottom will hit in different parts of the country at different times.

Sep 16, 2012 10:00 AM #2
Rainmaker
818,992
Lyn Sims
RE/MAX Suburban - Schaumburg IL Real Estate - Northwest Suburbs of Chicago - Schaumburg, IL
Schaumburg Homes

Good report. I would have thought that the market would have stopped the downward trend some time ago. I know that you are big on 'square footage' prices which we just don't do here in the Midwest. If someone asked, I wouldn't even know!  That is just too hard to compile here.

Sep 16, 2012 01:50 PM #3
Rainer
189,180
Thomas McCombs
Century 21 HomeStar - Akron, OH

Nice choice and use of graphics.

Sep 16, 2012 05:47 PM #4
Rainer
313,049
Wandanna Melliphant
Royal Lepage Credit Valley Real Estate Brokerage - Mississauga, ON
A Name Real Estate Investors Trust and Recommend

Hi,

This is an easy to understand and well-presented market report.

All the best for the rest of 2012!

 

Sep 18, 2012 08:19 PM #5
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Rainer
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Justin & Krystal Knott

Breckenridge CO Real Estate & All Summit County CO
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