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Local Market shows stability; Breckenridge Associates is No. 1 in 2012

Posted by Breckenridge Associates Real Estate on Thursday, February 21st, 2013 at 12:43pm.

The national and local real estate markets have had a tough few years, but in 2012 the Summit County real estate market showed strong resilience.  Reduced inventory, stronger buyer demand and lower numbers of distressed sales resulted in the first yearly increase in number of properties sold in Summit County.  It was the strongest sales performance since the housing bust. Overall, sales of single family and duplex units throughout Summit County showed a huge advance with 781 sales of single family and duplex units in 2012 vs 433 in 2011. Wow! The same type properties in Breckenridge showed well also with an increase of almost 20% in the number of transactions.  With inventory at a 5 year low, and a higher number of emerging buyers in December and January, it would appear that a move UP in PRICES would be forthcoming. The Breckenridge condo market was only buoyant, as almost exactly the same number of condos sold in 2012, as sold in 2011 and with dollar volume down slightly, leading the stats to show a 3% decline in the average price of a condo.

With low interest rates still in our favor, NOW is a great time to make a purchase in Summit County with very little risk.

Breckenridge Associates Real Estate had a fantastic 2012. The number of sales by our team were up 31 percent from 2011 to 2012. Our highly productive team of 16 Brokers was involved in ONE OF THREE transactions in Breckenridge.  We were
the No. 1 office in Breckenridge for total sales volume, number of sales and sales over a million dollars in 2012. 

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