In this video Kate Marrone, Broker on the Barr Team, gives you a brief review of what the 2018 Summit County real estate market looked like. It is February 2019 and we are taking a look back at the stats from the 2018 year. The average sales price for a residential property in Summit County was $770,000 in 2018. This …
Mountain Market Update by Kate – Sept. 2016
Real Estate Market Trends: In a nutshell, sales are flat (down -1.9%) and the average sold price is up +3.8%. Inventory is low and yet, the number of pending properties is soaring with 493 Summit County residential properties under contract right now. Of the 493 properties under contract, 23% are new construction. Click the link below to view the September …
July Real Estate Market Update by Kate
Hello and Happy Summer Selling Season!! We have entered the PEAK Real Estate Season of the year! If you’re considering Selling, NOW is the time! The market is busy and the Buyers are HERE! If you’re considering Buying, NOW is the time! Interest rates are still low and you historically have the best selection in the summer months! Contact our …
May Market Update by Henry E. Barr
The local real estate market remains brisk, inventory remains low and interest remains high. The number of sales are about the same as last year for Summit County with some gains and losses by town (see the number of sales chart above). Properties are selling a little closer to their list price and they are selling faster this year as …
3 Minute Market Summary – August 2015
Sales Strong & Under Contract Activity is Soaring! Sales continue to be brisk and, as shown in the video above, are up about 15%. Under contract activity is soaring to the tune of +31% over this time last year! And prices, well the video separates sales and prices by town where sales are up across the county and prices are …
Summit County Real Estate Market Update by Kate – June 2015
Summit County Residential Sales Up 10%! Sales are up 10% and at the same time the pending sales (properties under contract) are up +40%. In fact, the activity continues with last week’s under contract activity +64% above last year for the same week – not a bad mud season. Sales are up while the inventory is down -25%. The average …
Real Estate Market Update – May 2015
Summit County Residential Sales Up 11%! In this update along with the above video one can learn a little bit about What’s Happening by Area, Town and by Price Range for Summit County residential real estate sales so far this year. Interesting: The $500,000 to $1,000,000 sales are really kicking off the year with a very strong improvement in sales. The 49% improvement …
Real Estate Market Update by Kate – February 2015
INVENTORY – Inventory is down -22% compared to this same time last year. VOLUME – Sales are up +27% comparing the volume of closings from the first 6 weeks or so of this year to the beginning of 2014. There isn’t much to buy, but what’s out there isn’t lasting very long. What does this mean to you? As always, …
2014 Real Estate Year in Review – January 2015
Inventory Very Low with Pending Activity Up. Last year at this time the available properties to buy were down about 10% and the increase in the number of properties under contract was up about 10%. This year is kicking off very similar with a decrease in inventory and a strong improvement in pending activity. One item that is different this go around …