Monthly Archives: December 2015

Summit County sales cooling with the weather

As the temperatures have cooled so has activity in Summit County real estate. November sales had the poorest year over year performance of any month in 2015. Dollar volume rose a modest 5% to $109.9 million. While in absolute terms … Continue reading

Posted in Summit County Market Statistics | Tagged , , , , , , | Leave a comment

Are mountain rental properties a good investment?

I’m often asked, “is buying a rental property in the mountains a good investment”. If one is expected to generate a positive cash flow from a fully mortgaged property, the answer is likely no. As a rule of thumb, investors … Continue reading

Posted in Random Thoughts | Tagged , , , , , | Leave a comment

Summit Count real estate sales up but at more moderate pace

Like September, Summit County real estate sales saw solid, though not spectacular , gains in the month of October. Transaction volume rose 7% to 284 sales while dollar volume increased 21% to $156.9 million. On the surface those number appear … Continue reading

Posted in Summit County Market Statistics | Tagged , , , , , , | Leave a comment