Steamboat Springs Real Estate Market Report Jan 2013

March 14th, 2013

Steamboat Springs Real Estate Market Report January 2013

Charlie in Spain headed to Telemark World Championships

Charlie in Spain headed to Telemark World Championships

The Steamboat Springs Real Estate Market data for January 2013 is finally here. Let’s start with March first: in the Steamboat Springs MLS, there are 113 pending properties. A 10% increase over last month and the real estate market continues to improve.  In the past 10 days, 16 properties sold in the Steamboat Springs area for a total of $11,439 million. The highest price was a $5,600,000 million single family home in Priest Creek.

As we head into springtime in Steamboat Springs, inventories remain low with 1,589 active listings, 18  short sale and 14 bank owned. A huge decrease over one year ago (1,754 listing, 32 short sales, 42 bank owned)

With strong sales and a continuing of pending sales and the decrease in inventory, prices are likely to go up for single family home and townhomes within Steamboat.

January sales were down 19% from December, 2012. But total transactions were up 53% from one month ago. Even though some of these stats are down, the real estate market in Steamboat Springs is coming back to life.  We’re even seeing some activity in downtown condos. And condo sales overall are beginning to improve. See the entire report here:

Steamboat Springs Market Report January 2013

National number are strong as well. Over the last year, Case Shiller reports 19 out of 20 cities saw an increase in home prices with an average of 6.8%.  So nationally, real estate is improving as well. Steamboat tends to lag behind a bit but were are seeing an improving real estate market.

S&P/Case-Shiller Home Price Indices

 

Case-Shiller just reported home values rose 6.8% in the 12 months ending December 2012, and the average home price is now back at the 2003 level.

 

Regards,

Charlie

 

 

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