Trend$: **Unbelievable! Summer real estate transactions are comparable to pre-recession 2007 numbers!**
Here is the Land Title Guarantee Company's June Market update;
Market Analysis % Change showing years 2004-2015: Monetary volume($129,754,349) in June is up +86% compared to June 2014. Number of transactions (262) up +69% in June 2015 compared to June 2014. YTD (6 months) Summit County real estate is up 37% in monetary volume and up 28% with number of transactions compared to YTD 2014. Summer 2015 is pacing positive with June 2015 numbers are comparing to June 2007!
Luxury Sales for 2015: There have been 797 residential transactions YTD and $429,609,700 volume with 72 properties selling for a $1M and over- Compared to 2014- there were 624 transactions and $318,435,356 gross volume, 53 properties at $1M and over and in 2013, there were 601 transactions with $304,101,400 gross volume, 51 properties at $1M and over.
Foreclosures: There was only one action- PTD in June 2015, compared to 17 actions in June 2014.
See the full report;
Land Title Company's June 2015 Market Report
27 Year Annual Appreciation Chart
27 Year Residential Total Sales
27 Year Average Price-Summit
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