Summit County Real Estate Market Trends for September 2017

Image of Lake Dillon at SunsetLand Title Guarantee Company recently released its monthly Summit County Real Estate Market Trends for September 2017. On a seasonal basis, September falls toward the end of the busy summer season for local real estate. The Summit County real estate market has its highest level of activity during the summer and early fall.

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 September 2017 to the month of September in recent years, the totals were as follows:

  • September 2011 – $79,799,400 generated from 162 transactions
  • September 2012 – $90,330,100 generated from 164 transactions
  • September 2013 – $111,130,100 generated from 254 transactions
  • September 2014 – $147,078,700 generated from 286 transactions
  • September 2015 – $165,716,318 generated from 301 transactions
  • September 2016 – $174,179,706 generated from 297 transactions
  • September 2017 – $159,591,700 generated from 248 transactions

Looking at these statistics, the local real estate market in September 2017 was down a bit from September 2016. The total dollar volume of sales in September 2017 decreased 8% from September 2016. And, the number of real estate transactions in Summit County in September 2017 decreased 16% from September 2016. Even with this month trending downward, the Summit County real estate market has otherwise moved in a positive direction during most of 2017.

To recap Summit County real estate market trends from recent months:

  • In August 2017, the number of real estate transactions in Summit County decreased 4% from August 2016, and the total dollar volume of sales in August 2017 increased 22% from August 2016.
  • In July 2017, the number of real estate transactions in Summit County increased 41% from July 2016, and the total dollar volume of sales in July 2017 increased 18% from July 2016.
  • In June 2017, the number of real estate transactions in Summit County increased 6% from June 2016, and the total dollar volume of sales in June 2017 increased 20% from June 2016.
  • In May 2017, the number of real estate transactions in Summit County increased 10% from May 2016, and the total dollar volume of sales in May 2017 remained flat from May 2016.
  • In April 2017, the number of real estate transactions in Summit County increased 22% from April 2016, and the total dollar volume of sales in April 2017 surged ahead 28% from April 2016.
  • In March 2017, the number of real estate transactions in Summit County surged 31% from March 2016, and the total dollar volume of sales in March 2017 increased by a whopping 43% from March 2016.

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

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IDX Logo Property listing data provided by Summit County multiple listing service. Information last updated: January 17, 2018. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. The sale offering is made subject to errors, omissions, change of price, prior sale or withdrawal without notice. Listing Data last updated: January 17, 2018 09:00 MST Service by My Buying Buddy IDX/CRM

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.

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