ResideInSummit.com Blog: Summit County CO Real Estate Market Report - September 2012

Summit County CO Real Estate Market Report - September 2012

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.

__________________________________________________________________________________________________

Justin & Krystal Knott

LIV Sotheby's International Realty

877.333.9050 Toll Free
970.333.9050 Justin's cell
970.333.0116 Krystal's cell

Knott@SothebysRealty.com

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Comment balloon 5 commentsJustin & Krystal Knott • September 13 2012 02:05PM

Comments

Very nice market reports Justin and Krystal. We need to get there.
Posted by Bob Miller, The Ocala Dream Team (Keller Williams Cornerstone Realty) almost 6 years ago

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

Posted by Joe LaVallie, 111363 (HomeStreet Bank) almost 6 years ago

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.

Posted by Lyn Sims, Schaumburg IL Area Real Estate (RE/MAX Suburban) almost 6 years ago

Nice choice and use of graphics.

Posted by Thomas McCombs (Century 21 HomeStar) almost 6 years ago

Hi,

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

All the best for the rest of 2012!

 

Posted by What Not To Renovate - Milan B., We provide tips & trends on home renos & designs almost 6 years ago

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