Sales History

SUMMIT COUNTY HAS A HISTORY OF UNPRECEDENTED GROWTH AND DEVELOPMENT.

ALTHOUGH 2002 AND 2003 HAVE BEEN SOMEWHAT FLAT.... LOOKING BACK OVER THE PRIOR TEN YEARS.... REAL ESTATE VALUES HAVE REALLY SKY ROCKETED.. IN SOME YEARS AS HIGH AS 25%-30%. THE AVERAGE PRICE OF A SINGLE FAMILY HOME IN 1995 WAS APPROXIMATELY $265K.-VERSUS 473K IN 2000 ... THAT'S A 67% INCREASE IN 5 YEARS. LAND WAS EVEN MORE DRAMATIC WITH A 148% INCREASE FOR THE SAME PERIOD.. Click here for charts and graphs of Summit County's Sales History.  

IS THIS THE TIME FOR PRICES TO SURGE UPWARD AGAIN? ALTHOUGH I CAN ONLY SPECULATE... HERE ARE SOME THOUGHTS.

AS WE START 2004,BUYERS ARE DEFINITELY COMING BACK. MANY BUYERS HAVE BEEN "WAITING ON THE SIDELINES" AND DEFERRING THEIR PURCHASE INTERESTS DURING THE LAST TWO YEARS DUE TO UNKNOWN ECONOMIC SITUATION. IN MY OPINION, WITH THE ECONOMY, STOCK MARKETS AND CONSUMER CONFIDENCE REALLY IMPROVING, THIS TREND OF INCREASING DEMAND WILL ONLY GROW AND BROADEN IN THE FUTURE. AS THE CURRENT SUPPLY CONTINUES TO BE REDUCED... IT WILL NOT BE LONG UNTIL PRICES START TO RISE AGAIN.

SO AS IT APPEARS THAT WE ARE BEGINNING A NEW ECONOMIC CYCLE ... THIS VERY WELL COULD BE THE BEST TIME TO INVEST!!