Despite low inventory we are off to our best start since 2008!
Here is the Land Title Guarantee Company's March Market update;
*Market Analysis for March; March was a great spring month for real estate with $83,058500 in monetary volume and 149 transactions.The average transaction price: $565,315, average residential price: $544,761 and median residential price: $389,000.The average PPSF was $343.
*Market Snapshot for Years 2015 vs 2014; Values continue to be strong for the first quarter of 2015: Average Indicators for $: Single Family +8%, Multi- Family +10% and Vacant Land +18%. Median Indicators for $: Single Family +9%, Multi- Family +12% Vacant Land +20%.
*Market Analysis % Change showing years 2004-2015; Monetary volume ($83,058,500) in March is up +37% vs March 2014. Number of transactions (149) up +25% in March 2015 compared to March 2014. YTD (3 months) Summit County real estate is up 30% in monetary volume and up 26% with number of transactions compared to YTD 2014. The first quarter of 2015 continues at a strong pace and reflects the best improvement since 2008. For the first quarter 28 properties sold for $1M+, 2014 20 properties at $1M+ and in 2013 16 properties at $1M+.
See the full report;
Land Title Company's March 2015 Market Report
27 Year Annual Appreciation Chart
27 Year Residential Total Sales
27 Year Average Price-Summit
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