Summit County Market Analysis for June 2012

Land Title Guarantee Company recently released its monthly market analysis for Summit County real estate. And, the numbers for June 2012 contained some surprises.

As part of its analysis, LTGC provided the monthly percentage change in total dollar volume & total number of real estate transactions across Summit County. Comparing June 2012 to the month of June in recent years, the totals were as follows:

  • June 2009 – $34,049,300 generated from 80 transactions
  • June 2010 – $83,871,000 generated from 138 transactions
  • June 2011 – $65,751,300 generated from 104 transactions
  • June 2012 – $52,117,600 generated from 109 transactions

In June 2012, the number of real estate transactions in Summit County increased slightly over June 2011, but the total dollar volume of sales decreased. This data provided a real contrast to the May 2012 market analysis, where Summit County real estate saw increases in both dollar volume and number of transactions in comparison to May 2011.

On a nationwide basis, USA Today reported that Americans bought fewer homes in June 2012 than in May 2012. However, there was certainly some recent good news as well. Regarding new construction starts for residential real estate, June 2012 saw the highest numbers in the past four years. Mortgage rates continue to hit new lows. And, Goldman Sachs issued a report predicting that a strong recovery in new-home sales is ahead.

If you’re looking to buy a Summit County home, there are of course plenty of great opportunities available. Please don’t hesitate to contact Philip for help.

Summit County Listings Added Within Last 3 Days

$470,000
MLS# S389451
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435 Hamilton Creek Rd
Silverthorne, CO 80498
2 Bedrooms, 1 Baths
Residential
Keller Williams Top Of Rockies
 
$27,500
MLS# S389445
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22320 Hwy 6 Hwy , Unit 4
Keystone, CO 80435
Residential
Cornerstone Real Estate Co.
 
$1,230,000
MLS# S389440
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81 Saw Whiskers Cir
Keystone, CO 80435
4 Bedrooms, 5 Baths
Residential
Colorado R.e.-barb Schneeman
 
$399,000
MLS# S389439
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800 Copper Rd , Unit 481*
Copper Mountain, CO 80443
2 Bedrooms, 3 Baths
Residential
Real Estate At Copper Mountain
 
$177,900
MLS# S381303
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1977 Soda Ridge Rd , Unit 1165
Keystone, CO 80435
1 Bedrooms, 1 Baths
Residential
Summit Resort Group
 
$260,000
MLS# S381302
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22974 Hwy 6 Hwy , Unit 102
Keystone, CO 80435
2 Bedrooms, 2 Baths
Residential
Summit Resort Group
 
$699,900
MLS# S389437
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32 Snake River Rd , Unit 8
Keystone, CO 80435
3 Bedrooms, 4 Baths
Residential
Re/max Properties/455
 
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Disclaimer and Terms

The market analysis information and representations regarding market analysis above are based in whole or in part on information provided by Land Title Guarantee Company. Although the information above is believed to be true and correct, the information cannot be guaranteed. Therefore, neither SummitRealtor.com nor Land Title Guarantee Company can in any way be held responsible for its accuracy. The data above does not reflect all real estate activity in the market.