Summit County CO Market Analysis for February 2013

Land Title Guarantee Company just released its monthly Summit County CO market analysis for February 2013. Since it’s in the middle of the winter ski season, February is usually one of the quieter times of the year for local real estate transactions.

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 February 2013 to the month of February in recent years, the totals were as follows:

  • February 2008 – $64,539,900 generated from 128 transactions
  • February 2009 – $27,246,500 generated from 55 transactions
  • February 2010 – $36,036,515 generated from 66 transactions
  • February 2011 – $38,351,800 generated from 89 transactions
  • February 2012 – $43,118,700 generated from 79 transactions
  • February 2013 – $40,697,000 generated from 92 transactions

Looking at these statistics, the news was a bit mixed. The number of real estate transactions in Summit County in February 2013 increased by 16% over February 2012. However, the total dollar volume of sales in February 2013 decreased slightly by 6% over February 2012.

To briefly recap 2013 results, in comparing January 2013 to January 2012, the total dollar volume of sales in January 2013 surged 33% over January 2012, and the number of real estate transactions in Summit County in January 2013 increased by 13% over January 2012. Overall then, for the first two months of 2013, Summit County is still ahead of 2012 by 13% in terms of monetary volume ( $94,106,200) and by 14% in number of transactions (200). As a result, the Summit County real estate market continues to trend significantly upward at the outset of 2013.

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

Summit County Condo Listings with a Price Drop in the Past Month

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 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.