What price point is selling in Summit County?
Here are the Residential Market Sales by Price Point :
Residential volume in May had 152 transactions in Summit County. There were 17 properties that sold for $1M and above in May. We have been talking about the most active price point in May being between $200K to $400K. This is great news for people that are wanting to get in to something in the mountains at a good price point or first time home buyers that can now afford their mountain getaway. There were 58 Single family, 94 Multi-family and 7 Vacant land transactions in May. It is good to see so much activity and the summer has just begun!
It is looking like it is going to be a great summer for real estate! The market is finally starting to show appreciation and lots of activity, especially in the lower price ranges. The very high end market is still sluggish.
Another thing to consider is that this time of year is when we have the most inventory to choose from. The skiers have gone home and sellers are ready to put their properties on the market. Real estate investment properties are still a great opportunity. With