Friday, February 8, 2013

2012 Year End Condo Report


             By now you have probably heard (perhaps multiple times) that the housing market recovery has begun.  However, there are still some great opportunities to take advantage of historically low interest rates and low prices.  Specifically, the Summit County Condo Market is an incredible opportunity right now!

            In 2011, 534 condos sold in Summit County with an average sales price of $339,791.  By comparison, 2012 saw 609 sales (14% increase) while the average sales price dropped 9% to $309,308.  In short prices are still very low but, with transactions on the rise prices are likely to go up in the foreseeable future.

            Currently there are still 549 active condo listings on the market with another 70 pending sale.  Please feel free to contact me anytime to discuss which of these properties is right for you.


All the best,

Tyler MacGuire  e-PRO®, SFR, CNE
Broker Associate
Omni Real Estate Company
Office: 970-468-2740
Mobile: 970-409-7779    

         

“Your Guide to Summit County Real Estate


The information contained herein is based solely on the Summit County MLS.