Greetings from 9600 feet, where we are always praying for snow!
Here is the Land Title Guarantee Company's End of Year Market update;
Full Year 2014 Transaction Summary: There have been a total of 2042 transactions with just short of a Billion in Sales at $962,569,581 in monetary volume. 2014 was comparable with the numbers in 2008. It seems that the Summit County real estate market is continuing our momentum. The average transaction price for all 18 reported areas was $472,722. The average residential price was $496,053. The median residential price was $392,500. The average PPSF was $314.
Market Analysis % Change showing years 2004-2014 (Year End for 2014): Monetary volume ($79,465,900) is up 14% from December 2013, transaction volume (174) is up 32% from December 2013. Full Year 2014 monetary volume is up 8% from 2013. 2014 transaction volume is up by 7% from 2013.
Market Snapshot for Full Year 2014 vs. 2013: Values remain stable and are as follows: Average Indicators for $: Single Family +4%, Multi- Family +4% and Vacant Land -2%. Median Indicators for $: Single Family +4%, Multi- Family -5% and Vacant Land +16%.
Historical Cost Breakdown for 2014: There have been 1731 residential transactions in 2014 and $858,667,681 gross volume with 126 properties selling for a $1M and over- Compared to 2013 there were 1563 transactions and $769,965,955 gross volume, 122 properties at $1M and over and in 2012, there were 1314 transactions with $673,545,600 gross volume, 106 properties at $1M and over.
See the full report;
Land Title Guarantee Company December 2014 Year End Market Analysis
27 Year Annual Appreciation Chart
27 Year Residential Total Sales
Search for properties anywhere in the US; Download my mobile
real estate search app;