A Solid Investment

Real estate markets everywhere have peaks and valleys with Summit County being a prime example.  Summit County appreciation was flat in the 80’s.  It started to climb at a steady pace about 1990 and this graph tells “the rest of the story”.

In 2006 real estate prices in many markets across the USA and internationally have softened while the Summit market has been appreciating.  As the data shows prices in Summit County dropped then leveled off after 2001 until 2004.  This was at a time when most other USA markets where climbing.

It appears that Summit County is “catching up” with other markets.  A review of second quarter 2006 data complied by the Rocky Mountain Resort Alliance indicates that Summit County real estate prices are substantially lower than prices in Aspen, Park City, Steamboat, Sun Valley, Telluride, Teton, Vail and Whistler.