Archive for December, 2016

Steamboat Springs – Real Estate Report

Monday, December 5th, 2016

Steamboat Springs, CO Real Estate Report

photo by Charlie Dresen, steamboatsmyhome.com

The market is moving at a steady pace as we head into the ski season. October and November are traditionally slower months and this has been no exception. The uncertainty of the past month with the election has no doubt contributed to the sluggish entry of new listings to the market and fewer purchases. However, potentially looming rise in interest rates may have been the catalyst for the strong number of sales overall. Volume was down but transactions were up. This means a larger number of sales occurred in the lower-end of the price point.

 

Routt County Real Estate Market 

The Steamboat Springs Board of Realtors October 2016 Monthly Indicators release shows that real estate listings were down 39.5% for single family homes and 2.1% for townhouse/condo properties when we look at year over year figures. Pending sales were +68.2% for single family homes and +25% for townhouse/condo properties. The median sales price for single family homes was -20.6% percent but +6.6% for townhouse/condo properties. Number of days that listings were on the market decreased 6.6% for single family homes and 4.5% for condo properties.