Source: Summit Daily —
Why so many people are interested in purchasing a second home in Summit County isn’t a mystery. The area boasts plenty of recreational opportunities year-round, the scenery is impeccable and it’s the first big stop along Interstate 70 that boasts four ski resorts all in one county.
These big perks combined with the pandemic’s boost in remote working has created quite the hot real estate market in Summit County all year long, and especially so for the luxury market.
Jan Leopold, broker for Re/Max Properties of the Summit, said in 2020, there was about twice as much inventory on the market than there is today, and compared to 2019, there was nearly 4.5 times as much as there is today. The low amount of inventory creates a strong seller’s market, and Leopold said many of these buyers are making cash offers.
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