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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Topic:
Real Estate Market Trends
Location:
Colorado Summit County
Groups:
Market Reports
Mountain Homes
Sotheby's International Realty
Colorado Real Estate
Vacation and Second homes
Tags:
ten peaks sothebys international realty
summit county real estate
summit county co real estate
summit county co real estate market report

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Rainmaker
628,767
Stephanie/Bob The Ruiz/Miller Team
The Ocala Dream Team
Keller Williams Cornerstone Realty
Very nice market reports Justin and Krystal. We need to get there.
September 16, 2012 06:14 AM
Rainmaker
41,701
Joe LaVallie
111363
HomeStreet Bank

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

September 16, 2012 10:00 AM
Rainmaker
807,614
Lyn Sims
Schaumburg Homes
RE/MAX Suburban - Schaumburg IL Real Estate - Northwest Suburbs of Chicago

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.

September 16, 2012 01:50 PM
Rainer
184,464
Thomas McCombs
Century 21 HomeStar

Nice choice and use of graphics.

September 16, 2012 05:47 PM
Rainmaker
305,145
Wandanna Melliphant
A Name Real Estate Investors Trust and Recommend
Royal Lepage Credit Valley Real Estate Brokerage

Hi,

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

All the best for the rest of 2012!

 

September 18, 2012 08:19 PM
Anonymous
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Rainer
300,470

Justin & Krystal Knott

Breckenridge CO Real Estate & All Summit County CO
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