It has been a great start to 2012 for the Summit County Real Estate market! This is demonstrated by an increase in both the number of transactions and average sales price in January 2012 compared to January 2011.
In January 2011, 57 properties sold with prices ranging from $79,900 to $1,699,000 and an average price of $471,390. In January 2012 the number of transactions increased by 14% to 65 and the average price increased almost 5% to $494,739.
Looking forward, there are currently 134 properties under contract. If only half of these transactions close in February, that will be another 67 transactions in February 2012 compared to 64 in February 2011. It will be interesting to see how these numbers play out over the first quarter of 2012 but for now, both prices and number of transactions appear to be increasing compared to last year.
As always, please feel free to contact me anytime at the information below with questions or for more information about Summit County Real Estate.
All the best,
Tyler MacGuire e-PRO®, SFR
Broker Associate
Omni Real Estate Company
Office: 970-468-2740
Web: www.tylermacguire.com
"Your Guide to Summit County Real Estate"
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