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Summit County Real Estate - 22 Year Trends

Posted in: Buyers, Sellers, Our Newsletter
By Cornerstone
Mar 6, 2010 - 10:58:26 AM

Summit County Real Estate - While it is useful to take a snapshot of the market and economy as it is right now, it is also helpful to take a look back at the long term trends for average prices for property in Summit County.

Thanks to Land Title tracking the data for the last 22 years, we can show you how Summit County property values have behaved over the long term.

Take a look at this graph to see the average price since 1988 (click on the thumbnail to see the full size image):

22_Year_Average_Price.JPG
Summit County Real Estate Average Price

While the Summit County real estate market has certainly slowed down in the last two years along with the economy, it has remained relatively strong and values have not dropped anywhere near what they have in some markets.  Our low foreclosure rate and abundance of second homes, in addition to our proximity to a large metro area and an international airport, have kept us going.   We always recommend that you look at your Summit County real estate purchase as a long term investment.  If you are really lucky you may be able to time the market at the exact bottom.  However our best advice, no matter what time of year or what the stock market is doing, is for you to find the property you really like, get it for a price you are happy with, and hold it for at least 3-5 years.

   



Cornerstone Real Estate Company


23110 Hwy 6 #107
Keystone, CO 80435

111 A Lincoln Avenue
Breckenridge, CO 80424

970-513-8200 Office
866-441-0112   Toll Free
 


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