Summit County Stats
There were 325 residential properties sold in the first quarter of 2017 compared to only 296 in the first quarter of 2016. The average sales price for all property sales this year is $740,253 compared to $616,708 last year which represents an increase of 20%.
The total dollar volume for sales in the first quarter this year was $240.5M compared to $182.5M in 2016 for an increase of almost 32%.
Another sign the Summit County real estate market remains strong compared to other investment vehicles is the number of cash buyers we've seen so far this year. Last year there were 84 cash purchases in the first quarter of the year while that number grew to 101 cash purchases in the same time this year. Residential real estate…