The Summit Association of Realtors reports sales volume for the first quarter of 2005 was up 37.4 percent from the same period of 2004.
As temperatures rise in Summit County so does the activity in the real estate market. Summit County real estate sales volume for the first quarter of 2005 was up 37.4 percent from the same period of 2004. The sales activity for the first quarter has encouraged an improvement in the real estate inventory and the market is seeing excitement from buyers going into the second quarter 2005. The average value for Summit County real estate is up 6 percent over last year, which enforces a healthy real estate climate here in Summit County, free of "bubble troubles" unlike certain other communities and coastal regions in the country.
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The total sales volume through May 2005 was over $440 million dollars and record sales volumes were posted for all five initial months of 2005. Million dollar homes are also showing promise with the sale of three homes over two million dollars. Summit County's real estate market has not seen such vigor since 2001. The county's average sales price is at $377,582.00. With conditions as they are, the remainder of the sales season in Summit County, Colorado promises even warmer temperatures!
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