Tag Archives: investment

Sales Gains Moderate in May

Summit County real estate activity continued its seasonal climb in May but year over year gains were more moderate. Dollar volume for the month rose 10.8 percent from April to $126.6 million. That was a 10 percent increase from the … Continue reading

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February sees mixed results after strong January

After a very strong opening in the first month of the year, February was only able to produce mixed results for Summit County real estate sales. Dollar volume was able to generate a percent gain over a year ago to … Continue reading

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Steady Seasonal Improvement in Summit County Real Estate

As is normally the case, sales activities have seen small but steady increases from the typical low point in January. April transaction volume stepped up to 155 sales from 136 in March, an increase of 14%. The year over year … Continue reading

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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

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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

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Multiple offers

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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August falls short of tough comparisons

Nominally, August looked like a rough month for Summit County real estate sales as transaction volume dropped 6% and dollar volume fell 16% from the year ago period. Digging a little deeper, however, shows that it wasn’t this August that … Continue reading

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May bounces back strongly

Summit County real estate sales staged a strong recovery in May after an April slump. May dollar volume rose 13% over the 2013 month which itself had been up 18% from 2012. Sequentially, dollar volume rose 53% to $91.6 million. … Continue reading

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April sales soften but prices rise

Real estate sales were essentially flat with March but declined in both dollars and transaction volume versus the year ago period. Transactions fell 13% to 117 and were down by 2 sales from the 119 this March. Dollar volume fell … Continue reading

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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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