Despite a dismal April and May, Summit County Realtors are seeing a shocking jump in the market.
The past two weeks have been record-breaking for Land Title Guarantee Co., which oversees 90% of business in Summit County. Land Title Director of Sales and Marketing Brooke Roberts said June orders were up 116% from June 2019.
A major factor in Land Title’s jump in business is that the company recently hired two additional closers from Stewart Title, who brought their business with them. However the jump in activity is being seen across Summit County and in other resort markets.
Roberts said her counterpart in Eagle County is seeing a similar jump, and she’s even heard of a steady market in Tahoe, California.
“This was a complete shock to me and my entire staff at Land Title,” she said. “We had absolutely no idea this was going to happen.”
The demographics are changing. Rental income is not as important. Mountain property has become more of an oasis for people to enjoy time with their family. If they can’t move here full time, many are fully expecting that their careers will allow them to spend a significant amount of time here and work here rather than tethered to an office.
Regardless of the reasoning behind the boom, Realtors agree it’s a promising sign for the future of the county’s real estate market.
