July 2012 Market Report

Through the end of July, Summit County saw 603 residential transactions year to date with an average sales price of $517,082.  Compared to the same time period last year (521 transactions and an avg sales price of $525,731) this represents a 15.7% increase in transactions and a 1.6% decrease is in average sales price.

July 2012 saw 95 transactions with an average sales price of $493, 929.  When compared to July 2011 (90 transactions with an avg sales price of $437,745) this is a 5.6% increase in transactions and a 12.8% increase in sales price!

Looking at the national real estate market is also a cause for optimism as Forbes reports that "The Housing Market Turns Corner" and CNN Money reports "Home Values Rise for the First Time in Five Years"!!  As always, if you have any questions or would like to see this information presented in a different format, you can reach 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”