Tuesday, January 16, 2007
Summit County real estate volume takes dramatic turn in September
SUMMIT COUNTY - After a slump in August, the real estate market in Summit County proved bullish once again in the month of September, according to statistics collected by Land Title Guarantee Company.
In September, the Summit County real estate market soared 36 percent to $219,939,000 in monetary volume, as compared to $161,353,500 in 2005. The number of transactions stayed relatively steady with 444 this month versus 445 a year ago - an encouraging upward trend after a disappointing August. August 2006 sales decreased 12 percent over the prior year, and transactions were down 27 percent from 2005.
"Prices are significantly higher, but volume is the same as last year," said Brooke Valance, director of sales and marketing at Land Title Guarantee Company.
Breckenridge led all areas in the county with 94 transactions, which was 21.17 percent of overall Summit County transactions, and accounted for 37.16 percent of the total monetary volume in the county.
