6th Dec, 2012

Promising Summit County Colorado Real Estate Market Reported

The 2012 Summit County real estate market is poised to overtake 2011. Positive trends and economic indicators are encouraging to brokers in all of the mountain towns of Summit County – Breckenridge real estate to Silverthorne, Keystone to Frisco and Copper Mountain real estate.

The facts are definitely encouraging. On December 4, 2012 in the Summit Daily News Newspaper, Caddie Nath quoted one local real estate agent who believes the community is stabilizing due to consumer confidence and “great deals.” A representative from Land Title also explained that local residents are also taking advantage of the low interest rates and good prices for homes in Summit County.

Data that underscores hope in the Summit County real estate markets include:

  • Number of homes sold through brokers is up about 15 percent year over year.
  • Dollar volume of real estate transactions is up 10 percent year over year.
  • Inventory is down about 15 percent.
  • Bank sales and foreclosures are also declining.
  • There are 178 pending sales this week.

The housing market in Summit County started out slow in 2012 but is finishing with the best numbers since 2007.

For information about buying land, homes, condominiums, and fractional real estate in the scenic mountain villages, call Barrie Stimson, Breckenridge Realtor at (970) 390-2560.

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