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Here is the Land Title Guarantee Company's FebruaryMarket update;
*Market Analysis % Change showing years 2004-2015: Monetary volume ($50,326,500) in Februrary is up +25% compared to February 2014. Number of transactions up +28% in February 2015 compared to February 2014! YTD (2 months) Summit County real estate is up 26% in monetary volume and up 26% with number of transactions compared to YTD 2014. The February's numbers are the highest in a February since 2008. 35% of the real estate closings were cash transactions.
*2015 Average Price History: Values continue to be strong in 2015 and are as follows: Average Indicators for $: Single Family +4%, Multi- Family +15% and Vacant Land +17%. Median Indicators for $: Single Family +9%, Multi- Family +19% and Vacant Land +19%.
*Residential Market Sales by Price Point: The most active price points were a mix in February-with 15 transactions below $200K, and the next price point that was busy was the $300K to $400K. There were 24 Single family, 65 Multi-family and 6 Vacant land transactions in February.
See the full report;
Land Title Guarantee Company February 2015 Market Analysis
27 Year Annual Appreciation Chart
27 Year Residential Total Sales
27 Year Average Price-Summit
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