Summit County real estate at a glance
Fifty-five percent more condominiums have sold through February of this year than the same period last year. But prices are 16% lower. Sales look likely to exceed those of 2008 at some point this year. This may signal the end of a three year slump. The last time this happened, condominium prices jumped 63% over the next 5 years. There were a total of 2,050 properties listed for sale last week.
21.6%… average Summit County condominium price increase from 2007 to 2008
-19.5%… average Summit County condominium price decrease between
2008 and 2009
Chuck Leathers, CRS, Broker/Owner, has been a full-time Summit County Realtor since 1985. Go to http://www.chuckleathers.com to download sales and listings in your neighborhood and Chuck’s Quarterly Newsletter. Call (888) 485-2300 or e-mail him at ChuckLeathers@Realtor.com
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