Trend$: Our hot market continues as we had our best May since 2007:
Here is the Land Title Guarantee Company's May Market update;
*Market Analysis by Area for May: May real estate in Summit County was another great month! There was $116,330,500 in monetary volume and 205 transactions.The average transaction price for all reported 18 areas: $573,027, average residential $540,710, median residential $ 435,000 and average PPSF $330.
*Market Analysis % Change showing years 2004-2015: Monetary volume ($116,330,500) in May is up +27% compared to May 2014. Number of transactions(205) up +18% in May 2015 compared to May 2014. YTD ( 5 months) Summit County real estate is up 34% in monetary volume and up 24% with number of transactions compared to YTD 2014. This is the best May since 2007!
*Historical Cost Breakdown for 2015: There have been 596 residential transactions YTD and $326,488,500 gross volume with 55 properties selling for a $1M and over-Compared to 2014- there were 505 transactions and $266,433,406 gross volume, 48 properties at $1M and over and in 2013, there were 491 transactions with $250,304,400 gross volume, 38 properties at $1M and over. .
See the full report;
Land Title Company's May 2015 Market Report
27 Year Annual Appreciation Chart
27 Year Residential Total Sales
27 Year Average Price-Summit
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