Author Archives: Eric Buck

Numbers don’t show it yet but real estate is feeling better.

Volumes took their normal seasonal dip in January but were up against a very weak January of a year ago.  Unit sales in the County dropped 68% to 96 transactions in January versus 140 in December but were up 10% … Continue reading

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How to find a bargain.

Next to “How’s the market?”, the most common question I get is, “Do you have any bargains?”   I’ve developed a method for finding them. Of course what constitutes a “bargain” is very subjective but one metric is the valuation placed … Continue reading

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Summit County real estate sales end year on down note

December real estate sales in Summit County softened somewhat versus a year ago with unit volume falling 9% to $140 transactions.  As has been typical this year, dollar volume comparisons were even worse, dropping 13% to $61.6 million.  For the … Continue reading

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Summit real estate prices show some stabilization in November

November real estate sales in Summit County followed an all too familiar pattern with unit sales showing a marginal year-over-year increase but dollar volume continuing to decline.  During the month, there were a total of 142 closings, up .7% from … Continue reading

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Summit County real estate sales continue to move downmarket.

October sales in Summit County followed what has become an all too common pattern – an increase in transaction volume but a decline in dollar sales. For the month, the number of transactions rose 5% year-over-year to 161 and were … Continue reading

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Is owning ski property no longer a good investment?

Is the notion of buying mountain property as an investment dead? So proclaims an article in the November 2011 issue of SKI magazine. No doubt ski properties across the country have taken a hit over the last several years. This … Continue reading

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Sales rise in September

September Summit County sales posted their second consecutive monthly improvements in both the number of transactions and total dollar value. Transactions in September rose 8% from August and were up 2% year-over-year (YOY). Dollar volume was up 21% from the … Continue reading

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Short Sale versus Foreclosure

People often ask me the difference between a short sales and foreclosures. While related, there is a substantial difference, both in the process and in the impact on the owner’s credit report. A foreclosure is initiated by the lender, typically … Continue reading

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Home ownership

Here is an interesting article regarding home ownership. Of course, not sure if being the highest is good or bad. Home ownership is good but not if one is buying something they really aren’t qualified for. http://realtormag.realtor.org/daily-news/2011/10/14/5-states-highest-home-ownership-rates

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