Tag Archives: Foreclosure

March activity back on the rise

While the year began with a whimper with sales down 8 % over the first two months, March transactions reversed that trend rising 1% versus the year ago period and 43% from February to 119 sales. Dollar volume was even … Continue reading

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Large commercial sale saves January

On the surface, January real estate sales showed only modest declines from a year ago with total volume dropping 2% to $52.2 million. Transaction volume was down a more substantial 6% to 102 transactions. These numbers, however, are not an … Continue reading

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October is top dollar month this year.

October produced the year’s highest monthly dollar volume of real estate transactions in Summit County in what has already been a very strong 2013. Sales of $111 million topped a October 2012 by 6% and were the highest sales of … Continue reading

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First quarter off to bang-up start

The real estate market in Summit County is getting off to a far stronger start than in 2012. Last years first quarter saw an 8% decline in transactions and 5% decline in dollar volumes. In contrast, this year’s first quarter … Continue reading

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January sales off to a strong start

Although showing its typical seasonal dip, Summit County real estate sales continued to show strong year over year gains.  Transaction volume dropped from 185 sales in December to 108 in January but that still reflected a 13% improvement over a … Continue reading

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Summit County Sales Close Year on High Note

Summit County saw a bang up December allowing the  full year to end with solid gains.  For the month, dollar sales rose 42 percent to $87.2 million while sales volume increased to 185 transactions.  Those numbers represent the third highest … Continue reading

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October Real Estate Sales Post Blowout Month

October produced the strongest performance in Summit County  of any month in the last 4-5 years.  Transaction volume vaulted to 230 units up 43% from a year ago and 45% from September.  That was the highest unit sales number of … Continue reading

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March Summit County real estate sales come up short

Real estate sales in March were nearly as scarce as the snow with total sales falling 17% versus the prior year’s period to $37.4 million.  Transactions were also down, falling 21% to 81 total deals.  To highlight how far the … 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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