Category Archives: Random Thoughts

November Up in Both Transactions and Dollars

Posted on January 13, 2020 by Eric Buck

In November Summit County real estate sales saw a gain in transaction volume versus a year ago for the second month in a row.  The pattern for most of the year has shown positive comparisons on a dollar basis but … Continue reading →

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Familiar Pattern Returns

Posted on October 24, 2019 by Eric Buck

Real estate sales in Summit County this year have followed a steady pattern of lower transaction volume but higher dollar sales.  In July that pattern was broken with increases in both categories but August returned to the familiar design.  While … Continue reading →

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July Sales Rebound

Posted on October 24, 2019 by Eric Buck

After a very weak June, Summit County real estate sales rebounded in July.  Transaction volume in the month rose 3 percent ahead of the year ago level.  It was up 21.8 percent from the prior month with 218 sales. As … Continue reading →

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June Sales Take a Dive

Posted on August 2, 2019 by Eric Buck

June was a tough month for Summit County Real Estate sales as both transactions and dollar volume experienced sharp declines from the June 2018 levels.  The number of residential sales declined 28.1 percent from a year ago and were off … Continue reading →

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Sounding Like A Broken Record

Posted on June 7, 2019 by Eric Buck

The pattern of Summit County real estate sales is starting to sound like a broken record.  Once again in April, transaction volume fell. Dollar sales still managed to eke out a year over year gain.  In April 2019, total residential … Continue reading →

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February shows split market

Posted on April 9, 2019 by Eric Buck

The Summit County real estate market continues to exhibit Jeckell and Hyde tendencies.  Once again while we saw year over year gains in dollar volume, the number of sales once again declined.  For February,  sales totaled $104.7 million, a 17 … Continue reading →

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November Sales Flat

Posted on January 4, 2019 by Eric Buck

Although showing a normal seasonal decline from October, Summit County real estate sales in November were essentially flat with the levels of a year ago.  Dollar volume fell 15.8 percent from October to  $153.8 million.  However, that level was up … Continue reading →

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October Falls Short

Posted on December 6, 2018 by Eric Buck

Dollar volume for Summit County real estate activity picked up in October versus September but transactions were down.  Both categories fell short of October last year.  Dollar sales for the month totaled $182.7 million vs $161.9 million in September but … Continue reading →

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Are mountain rental properties a good investment?

Posted on December 9, 2015 by Eric Buck

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 →

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Multiple offers

Posted on January 12, 2015 by Eric Buck

While we don’t see it often in our market, multiple simultaneous offers do happen and buyers and sellers are sometimes confused on what rules apply when they do. In such a situation, it’s the seller that calls the shots. First … Continue reading →

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