Posts Tagged ‘July 2014’

Steamboat Springs Real Estate Report

Tuesday, September 30th, 2014

Steamboat Springs Real Estate Report

Each month I report the latest local real estate market data and the current national home price levels, but why? First of all, I recognize that real estate is the biggest investment we will make in our lives; therefore, we should understand it before sinking our life’s savings into it. Advising clients on their real estate investments is a very important part of my job and one I take very seriously.

Secondly, with the real estate crash a few years ago we have become hyper-aware of investments and home values. So much of our consciousness is fueled by the appreciation or depreciation of our home’s value. By watching the real estate market we have a better understanding of when to invest and when to sell and we begin to trust the ebbs and flows of the market.

Steamboat Springs Real Estate Report

Thursday, September 4th, 2014

Steamboat Springs Real Estate Report

Real estate transactions, both locally and national, continue to be steady thanks in part to low interest rates and stronger job creation. I certainly helped my fair share of Routt County residents and second-home owners buy and sell properties this summer (17 transactions so far).  It’s always fun assisting folks in finding the right home for them and helping those who are ready to move on from their existing dwelling. Thanks to my clients past and present for trusting me with this important task.

Pending sales UP / interest rates DOWN

Pending sales UP / interest rates DOWN

Local Steamboat Springs Market

Routt County real estate transactions for the month of July were out-of-sight bringing in the best gross dollar volume yet this year with over $61M. This is +34.28% more than July 2013. Granted, there was a $9M commercial sale which certainly helps numbers but most of the 109 transactions were residential sales ranging from $28,000 to $3.1M.