Real Estate At A Glance: Summit County condominium sales
December 28, 2012
Condominiums will probably escape 2012 with a slight gain in value despite continued neglect of this market segment by lenders. Resale average price has increased by 1.2 percent over last year-to-date, while the number sold continues to show healthy gains. Nearly 15 percent more condominiums have sold through November. Sales in the past two months have been close to the nine-year average number sold.
The inventory appears to have bottomed at about 1,550 total Summit County properties for sale.
99 … average number of condominiums sold in November since 2003
78 … number of condominiums sold in November 2012
Chuck Leathers is the broker/owner of Chuck Leathers Real Estate Co. He can be reached at (888) 485-2300 or email him at ChuckLeathers@Realtor.com.