The Stats: In the first four months of 2020, sales were down 20% and Average Sold Price was up 7%. It took an average of 70 days (8 days more than last year) to sell a property, and they are selling at 97.7% of list price. The average price of residential property in Summit County in 2020, so far, is $844,462.

Home Sales: Single-family homes have an average sold price of $1,320,261. It takes 78 days to sell a home (fewer days than in 2019) and they are selling at 97% of list price.

Condominium Sales: Condos have sold at an average price of $517,553 (up 6%). It takes 67 days to sell (24 more days than 2019) and they are selling at 98% of list price.

The Resort Market Today: The COVID-19 shutdown resulted in fewer sales in May (as it did in April), reducing the total number of sales throughout the county substantially. Yet, showings picked up steadily in May; even more so, at the start of June. Buyers are buying, and some properties are receiving multiple offers! The increase in activity couldn't happen at a better time as our typical summer selling season typically kicks off around the 4th of July.

Active Listings: Below is a chart of the active listings in Summit County. If the increase in new listings continues, we should have anywhere from 100 to 300 additional properties for sale during our peak of the year - sometime late August.

As we continue to social isolate, working from home (WFH) life can start to feel overwhelming. I’ve put together a helpful guide to help you bust some bad habits and become your most productive self.

Click below to download your copy of my "Working from Home Survival Guide."

If you’re wondering about prices in your area, or thinking of selling your home, I can help.

Just call me at 970-390-9311 or email me at kelli@kellisells.com for a professional price analysis. There is absolutely no obligation.

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