Busiest Times of Year

 Many people have asked me when the busiest times of year are for Summit County Real Estate.  Although there are some exceptions to the rule, the year typically starts out slow and picks up pace through year end.  For example, here is a look at the number of closings per month from 2009-2011.  In these three years there were a combined total of 3,670 transactions and the chart below shows how they break down by month.

	# of transactions	% of annual
2009-2011	3670
January	172	4.70%
February	180	4.90%
March	239	6.50%
April	247	6.70%
May	290	7.90%
June	254	6.90%
July	259	7.00%
August	338	9.20%
September	436	11.90%
October	453	12.30%
November	401	10.90%
December	401	10.90%

It is important to understand that if the transactions were spread out equally you would see 305 transactions or 8.333% each month.  Any month that produces less than this number is displayed in red while the months that account for more than this appear in green.  Accordingly, any month with less than that could be considered a slow month and months with more than that could be considered busy.  It is interesting to note that the last five months of the year are generating 55.2% of the transactions while the fist seven months only account for 44.6%.  Lastly, it is important to remember that many transaction take 45 (sometimes more) days to close so, a closing in September may have gone under contract in July.

As always if you have questions or would like to see this information in a different format please feel free to contact me anytime at the information below.

All the best,

Tyler MacGuire  e-PRO®, SFR, CNE

Broker Associate

Omni Real Estate Company

Office: 970-468-2740

Mobile: 970-409-7779    

Web: www.tylermacguire.com

          

“Your Guide to Summit County Real Estate”

Keystone Market Report

             In the first six months of the year Keystone saw 62 residential transactions compared to just 46 during the same time period in 2011.  Furthermore, the average sales price rose to $487,226 from $484,912 in the first half of 2011.  This represents a 35% increase in transaction and .5% increase in average sales price in the first two quarters of 2012 compared to 2011!!  Moreover, the average sales price in the first half of 2011 may be artificially inflated by a $2,195,000 sale.  By comparison the highest sales price in the first half of this year was about half that amount coming in at $1,225,000.

            Please feel free to contact me anytime with questions or if you would like to see this information in a different format.

All the best,

Tyler MacGuire  e-PRO®, SFR

Broker Associate

Omni Real Estate Company

Office: 970-468-2740

Mobile: 970-409-7779    

Web: www.tylermacguire.com

       

“Your Guide to Summit County Real Estate”

Q1 and Q2, 2012 Market Report

     Through the first two quarters of 2012 Summit County saw 506 residential transactions with an average sales price of $522,532.  This represents a 15% increase in transactions and 3.6% decrease in average sales price compared to the same time frame in 2011.

            

     When breaking the number of transactions down by price point the data is as follows:

• There were 106 transactions under $250,000 compared to 101 in 2011 (up 5%).

• There were 202 transactions between $250,000 and $500,000 compared to 170 in 2011 (up 19%).

• There were 166 transactions between $500,000 and $1,000,000 compared to 128 in 2011 (up 30%).

• There were 40 transactions over $1,000,000 compared to 46 in 2011 (down 13%).

As always, if you have and questions or would like to see this information in a different format, please feel free to contact me anytime at the information below.

All the best,

Tyler MacGuire  e-PRO®, SFR

Broker Associate

Omni Real Estate Company

Office: 970-468-2740

Mobile: 970-409-7779    

Web: www.tylermacguire.com

       

“Your Guide to Summit County Real Estate”