Residential Sales Prices
In Last the last thirty days there have been 178 new listings, 97 closings and there are currently 203 transactions pending. Of these sales the highest price was $1,700,000 and the lowest was $94,000. The highest price per square foot transaction was $729 while the lowest came in at $120.
Transactions By Price Point
Of the 97 residential closings 11 of them sold for over $1M and 11 were between $750,000 and $1M. Between $500,000 and $750,000 there were 18 sales and the most active price point was from $250,000 and $500,000 with a total of 33 transactions. Lastly, the second most active price point was under $250,000 with 24 sales. This means that over half of the sales in the last month fell into a (roughly) $406,000 price range between $94,000 and $500,000!
Inventory
There are currently 305 residential properties for sale in Summit County listed under $250,000. Between $250,000 and $500,000 there are another 667 properties listed for sale and another 330 listed between $500,000 and $750,000. In the $750,000 to $1M price range there are 196 listings and another 306 properties listed over $1M. When you compare the inventory (supply) versus the demand (actual sales) it is clear that we are in a buyers market. Sellers know that there are few buyers in the market place and that even fewer are actually buying. If a seller is asking too much for there home, it will likely remain part of our inventory for a long time.
Want to figure out how to make all of these numbers work for you? Please feel free to call me anytime at the information below for a free Home Buyer Consultation.
Tyler MacGuire
Broker Associate
Broker Associate
Omni Real Estate Company
Cell: 970-409-7779
Email: tylermacguire@hotmail.com
www.tylermacguire.com
"Your Guide to Summit County Real Estate"
No comments:
Post a Comment