Friday, April 01, 2005

2004 Summit County Real Estate Sales Top $1 Billion

Real estate sales in Summit County broke the $1 billion mark in 2004 for the second time in history.

The total dollar volume of $1.1 billion for the year represents a 29 percent increase over 2003, but did not beat the record set in 2000.

In Breckenridge, where the majority of the sales occur, the number of sales was up 35 percent over 2003. Sales volume in December alone nearly doubled, from $65.4 million in 2003 to $129.4 million in 2004.

Average price also increased to $346,578 from $325,312 a year ago.

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