Author Archives: Eric Buck

February sees strong YOY gains on easy comparisons

February is typically a seasonally slow month.  In six of the last 8 years, February has averaged a 20.2% decline from the prior month.  This year generated the third exception to that trend  in the last 9 years with both … Continue reading

Posted in Summit County Market Statistics | Tagged , , , , , , , | Comments Off on February sees strong YOY gains on easy comparisons

Santa came to Summit County this December

Santa Claus was kind to the Summit County Real Estate market in December bringing the strongest sales gains of the year.  Transaction volume in the month rose 48% to 276 sales. While that wasn’t the highest level for any month … Continue reading

Posted in Summit County Market Statistics | Tagged , , , , , , , | Comments Off on Santa came to Summit County this December

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 , , , , , , | Comments Off on Summit County sales cooling with the weather

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 , , , , , | Comments Off on Are mountain rental properties a good investment?

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 , , , , , , | Comments Off on Summit Count real estate sales up but at more moderate pace

Sales cool in September but still show gains.

Summit County real estate sales gains moderated in September but the month still represented the highest activity this year. Dollar volume in the month rose 13% year-over-year (YOY) to $165.7 million dollars. Transaction volume rose a more modest 5% to … Continue reading

Posted in Summit County Market Statistics | Tagged , , , , , , , | Comments Off on Sales cool in September but still show gains.

Summit Count Real Estate- Pedal to the Metal in August

After a deceleration in growth for July, Summit County real estate sales once again hit the gas. Dollar volume in the month rose 49% to $142.5 million versus August of 2014 and was up 20.8% from July. That reflects the … Continue reading

Posted in Summit County Market Statistics | Tagged , , , , , , | Comments Off on Summit Count Real Estate- Pedal to the Metal in August

July provides mixed message for Summit County real estate

Summit County real estate sales generated a mixed message in the month of July. Dollar sales continued the trend of double digit year over year (YOY) gains increasing 23% over July of 2014. Sales in the month totaled $117.9 million … Continue reading

Posted in Summit County Market Statistics | Tagged , , , , , | Comments Off on July provides mixed message for Summit County real estate

Boom!

For the last several years, June has typically been a softer month reflecting the shoulder season slowdown. That wasn’t the case this year. In fact, not only was June the strongest month of this year, it beat in dollars and … Continue reading

Posted in Summit County Market Statistics | Tagged , , , , , | Comments Off on Boom!

Summit County Real Estate Momentum Continues

May continued what is now a 7 month streak of double digit gains in Summit County real estate activity. And like the prior six months, we are talking about squeaking into the double digit category. For the month, transaction volume … Continue reading

Posted in Summit County Market Statistics | Tagged , , , , , , , , | Comments Off on Summit County Real Estate Momentum Continues