Posts Tagged ‘Case-Shiller Home Price Indices Report’

Steamboat Springs, CO Real Estate Report

Monday, September 11th, 2017

Steamboat Springs, CO Real Estate Report

Market Report Video Blog 2! Check it out here:

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Thank you to the following companies for providing some of the statistics discussed:

Land Title Guarantee Company (click for full July report)

S&P Core Logic Case-Shiller Home Prices Indices (click for latest figures)

To find out more on the Outlaw Mountain Coaster go to www.Steamboat.com or find Steamboat Resort on Facebook!

Tune in next month for another fun discussion. And if you have any real estate questions you’d like answered send me a text or email - 970-846-6435 or charlie@steamboatsmyhome.com

See you next time!

 

Steamboat Springs, CO Real Estate Report

Monday, August 14th, 2017

Steamboat Springs, CO Real Estate Report

Join us for a lively discussion about the local real estate market!

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Thank you to the following companies for providing some of the statistics discussed:

Land Title Guarantee Company (click for full June report)

Steamboat Springs Board of Realtors (click for full July Report)

S&P Core Logic Case-Shiller Home Prices Indices (click for latest figures)

Tune in next month for another fun discussion. And if you have any real estate questions you’d like answered send me a text or email - 970-846-6435 or charlie@steamboatsmyhome.com

See you next time!

 

Steamboat Springs, CO Real Estate Report

Tuesday, July 11th, 2017

Steamboat Springs, CO Real Estate Report

Routt County real estate saw strong activity in May:

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Here is a closer look at the 103 residential transactions that took place in May:

Residential Transaction Price Point Analysis May 2017

Price Point

# of transactions

% of transactions

Previous month % of transactions

% of gross volume

Previous month % of gross volume    

Under $500K

 63

61%

46%

30%

20%

$500,001 – $1M

 24

23%

36%

27%

32%

$1M – $3M

 15

15%

19%

36%

40%

Over $3M

 1

1%

2%

7%

8%

This chart notes single family and multi family residential sales. Not shown here are the 8 timeshare transactions, 27 land, 6 commercial and 4 miscellaneous transactions for a total of 148 transactions. There were 4 bank sales in May 2017.

Steamboat Springs, CO Real Estate Report

Friday, June 2nd, 2017

Steamboat Springs, CO Real Estate Report

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Routt County real estate had a solid activity in April. Gross volume was $72.5M, +38.79% compared to last April, with YTD at +47.10%.  It’s important to note however, the transfer of a hangar at Yampa Valley Airport for $21.9M impacted the GV significantly. If we remove that transaction from our figures, April 2017 is mostly consistent with April 2016 Gross Volume.  There were a total of 98 transactions: -14.04% from April last year and +15% YTD.

Here is a closer look at the 64 residential transactions that took place in April:


Residential Transaction Price Point Analysis April 2017

Price Point

# of transactions

% of transactions

Previous month % of transactions

% of gross volume

Previous month % of gross volume    

Under $500K

 27

46%

38%

20%

17%

$500,001 – $1M

 21

36%

46%

32%

43%

$1M – $3M

 11

19%

17%

40%

40%

Steamboat Springs, CO Real Estate Report

Thursday, April 6th, 2017

Steamboat Springs, CO Real Estate Report

The snow is melting, the sun is shining and the local real estate market is starting to bloom!

Routt County Real Estate Market 

February 2017 was a great period for the local real estate market.  Gross volume was $46.6M, up 41.29% compared to last February, and there were 103 transactions, up by 63.49% from the same period last year. Year to date this puts 2017 gross volume up 31.74% and transactions up 29.29%. Let us have a look at what happened in February:

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As we enter Spring we have already seen a jump in the number of new listings to the market and we can expect that this will continue to rise. However based on the demand that we are seeing, the number of active listings may not actually increase as properties are not staying as long on the market as they were this time last year. Pending transactions as of April 6th is 189! The market is fairly balanced right now with the months supply just over 6 months (see what this means here). It is important to note that the above figures are just a snapshot and there is considerable variation depending on property type, location and price point.

Steamboat Springs, CO Real Estate Report

Friday, March 3rd, 2017

Steamboat Springs, CO Real Estate Report

Before we dive in I’d like to share with you the successes of Sotheby’s International Realty. 2016 was an incredible year for the brand and it is exciting to be a part of it all. And most importantly, thank YOU for being part of my own personal success as well as that of Sotheby’s!

Routt County Real Estate Market 

We jumped right into 2017 with a strong start to the year.  Gross volume was $45.9M, up 23.45% compared to last January, and there were 78 transactions, up by 1.3% from the same period last year. Overall January volume was given a boost with the sale of a $9.79M ranch just outside of the Steamboat city limits.

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*Figures compliments of Land Title Guarantee Company
There is still plenty of demand and limited inventory for properties in the Routt County Market. Currently 147 pending sales are recorded and there were 126 new listings that came to the market in the past 30 days. 

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.

Steamboat Springs, CO Real Estate Report

Friday, September 2nd, 2016

Steamboat Springs, CO Real Estate Report

Summer 2016 is official coming to a close. The new school year has started, the weather has cooled, and the leaves have begun to turn. But if you are looking for one last hurrah check out the weekend of Labor Day festivities happening in and around South Routt beginning tonight. For more than a century Oak Creek has hosted this family friendly and mostly free weekend, see the full list of events here.

 

Blog_LDHT2016

 

It is also time for the 11th Annual Steamboat Sotheby’s International Realty Labor Day Home Tour! If you are in town and are interested in doing any or all of the self guided tour there are 28 properties to choose from, including one of my own listings 1076 Steamboat Blvd. Come by and say hi between 1-5PM on Saturday Sept 3rd!

 

Case-Shiller Report: The Housing Market Struggles

Tuesday, January 31st, 2012

November Case-Shiller Report: The Housing Market Struggles To Turn The Corner

Paul Dales, senior U.S. economist at Capital Economics, summed up the real estate conundrum in the Huffington Post, “The most likely scenario in the U.S. is that in 2012 prices will bob around a bit, with one month’s gain being reversed the next month. In general, over the next couple of years, house prices will do nothing more than remain broadly stable.” I couldn’t agree more and stated much the same sentiment last summer as I watched the Steamboat Springs real estate market waver; up one month, then down the next.

case shiller nov 2011

case shiller nov 2011

The November Case-Shiller Home Price Index continues to paint a dismal picture of a housing market mired down by homes in foreclosure, unemployment rates still high in many key markets, and overall economic uncertainty. Even record low mortgage rates aren’t helping since loan qualification standards remain stringent and in many cases out-of-reach.

Case-Shiller Report Shows Bad News

Tuesday, December 27th, 2011

Case-Shiller Report Shows Bad News

No snow over the Christmas holiday is bad news for the Steamboat Springs Ski Mountain, but at least the snow making machines have been able to compensate with the man-made stuff and turned what could be really bad into something passable. If only there was some magic wand to wave over the housing market so things would start to pick up and stay up. The Case-Shiller October Home Price Index is not showing any news we can feel good about on a national level.

The Case-Shiller index covers half of all U.S. homes. It measures prices relative to those in January 2000 and creates a three-month moving average. The monthly data are not seasonally adjusted.

The October report yields the following less than optimistic news:

* 19 of 20 cities showed home price decreases versus September numbers

* Versus October 2010, the 10 and 20 city composites posted annual returns of minus 3.0% and -3.4% respectively