Real estate sold statistics compiled by the Summit Association of Realtors

This article is courtesy of the Summit Daily Newspaper.

SUMMIT COUNTY - Real estate sold at a brisk pace in Summit County through the first half of the year, according to statistics compiled by the Summit Association of Realtors.

Sales for the first six months totaled $86,561,900, compared to $37,878,794 for the same period in 2003.

Nearly double the number of units - 200 - closed in the first half of the year compared to 108 units in the first half of 2003.

Much media attention was given to small increases in interest rates last spring, but they dropped to about 6 percent for a 30-year, fixed-rate mortgage and 5.5 percent for a 15-year loan.

Sales in the first half of the year included 262 single family homes and 59 duplexes that sold for an average $526,807 and 625 condominiums and townhouses at an average price of $264,104.

Kim Marquis can be contacted at (970) 668-3998, ext. 249, or at kmarquis@summitdaily.com.