Total Sales for Summit County: It was a nice selling season this summer with solid residential sales numbers being posted. These are our best numbers since 2007. Residential sales in Summit County from January through August 2015 are up 16% over the same months in 2014. Average prices for 2015 are up 8% from the average price of residential sales in all of 2014. The average days on market for all sales is down to only 236 days. Only 4 months ago the average days on market was 313 days.
In 2015, 114 properties sold for over $1,000,000, compared to 2014 which saw 84 properties sold for over $1,000,000.
Based on the last list price of the properties sold January through August 2015…..
$200,000 to $400,000 is ALWAYS the hottest part of the market with 412 properties sold.
$400,000 to $600,000 had 275 sales.
$600,000 to $800,000 had 158 sales.
$800,000 to $1,000,000 had 68 sales.
$1,000,000 to $2,000,000 had 97 sales.
$2,000,000 to $3,000,000 had 20 sales.
And 5 properties sold for over $3,000,000 YTD, the highest sale was for $3,825,000.
Single Family Sales: The number of Single Family home sales for January through August 2015 is up 15% over the same months in 2014. The average sales price has risen 9% in 2015 year to date over the average price of Single Family homes in all of 2014. The average days on market for Single Family homes is down to 236 days.
Condo and Multi Family Sales: Condo/ Multi Family sales for January through August 2015 are up 16% over the same months in 2014. The average sales price is up 5% year to date in 2015 over the average Condo price in all of 2014. The average days on market for Condo/ Multi Family sales is down to 225 days.