Year End Summit County Real Estate Statistics
Posted by Breckenridge Associates Real Estate on
2017 shaped up to be a fine year in Summit County real estate all the way around. The number of sales reached the highest point since 2007, and almost reaching 2007 volume, both in greater Summit County and Breckenridge specifically. We continue to follow the seasonal arc of a summer peak with pronounced but steady shoulder seasons, and we are seeing these sales numbers with an ever decreasing amount of available listings. Simple supply and demand tells us that in these circumstances prices will rise. And rise they did.
The impacts of tax reform: housing prices are expected to react negatively in highly taxed areas as the $10,000 mortgage interest deduction comes into play (maximum of $10k is allowable as a income tax deduction in the tax bill…
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