Summit County real estate takes dramatic turn in September

In a Summit Daily News article, November 4, 2006, contributor Francis Wick, reports on data supplied by Land Title Guarantee Company.

After a slump in August, the real estate market in Summit County proved bullish once again in the month of September. The Summit County market soared 36% in monetary volume, with the number of transactions remaining about the same as for the same period, 2005. This means that property values are continuing to escalate.

Breckenridge led all areas of Summit County with just over 21% of all transactions, and 37% of the total monetary volume.

The increase is attributed to baby boomers purchasing their dream vacation homes, locals trying to get into the market before the county reaches full build-out (when all the property which can be developed has been developed), affordability of properties when compared to places like Vail and Aspen, and increased rental revenues after a strong snow year - as in the record-breaking winter of 2005-6.

For more information about this incredible market, go to Susan Gunnin's web site or email her.