Steamboat Springs Year-End Real Estate Report

February 2nd, 2016

Steamboat Springs Year-End Real Estate Report

 

Steamboat Springs Ski Area

Steamboat Springs Ski Area

Routt County Real Estate Analysis

December was a good month and a great way to end 2015. There were 142 transactions for $99.2M in gross volume. That’s up by +70% compared to December 2014. Transactions were up by +17% from December 2014.

In total for 2015, there was $700,083,935 in gross sales (up 17% over 2014) and 1,457 Transactions (up +7% over 2014)   Total sales were the highest it’s been since 2008.

  • 2008 = $725M

  • 2009 = $439M

  • 2010 = $512M

  • 2011 = $450M

  • 2012 = $483M

  • 2013 = $503M

  • 2014 = $598M

  • 2015 = $700M

 


Residential Transaction Price Point Analysis for 2015

 

Price Point

# of transactions

% of transactions

2014% of transactions

% of volume

2014  % of volume

Under $500K

580

65%

62%

33%

29%

$500,001 – $1M

224

25%

26%

29%

34%

$1M – $3M

84

9%

11%

29%

27%

Over $3M

8

1%

1%

9%

10%

So who is buying Steamboat Springs real estate?

2015 Buyers:

  • Local buyers = 49%
  • Front Range buyers = 12%
  • Out of State buyers = 38%
  • International buyers = 0%

Average Price Per Square Foot for 2015:

  • Fish Creek area = $274 (2014 = $263)
  • Downtown area = $356 (2014 = $335)
  • Mountain area = $302 (2014 = $286)
  • Strawberry Park area = $506 (2014 = $527)
  • Catamount = $561 (2014 = $456)
  • North Routt = $254 (2014 = $262)
  • South Routt = $374 (2014 = $285)

See 2015 Routt County Real Estate Numbers Here

 National Real Estate Market

Sales of existing homes were up 6.5% in 2015 vs. 2014, and the number of homes on the market averaged about a 4.8 months’ supply during the year; both numbers suggest a seller’s market.

 The 20-City Composite’s year-over-year gain was 5.8%.

Appreciation

 

Here’s to a great ski season and another healthy real estate market in Steamboat.

 

Regards,

Charlie

Want to learn more about me?
Charlie Dresen
Change Your Experience
Real Estate Associate Broker | Sotheby’s
970-846-6435  | SteamboatsMyHome.com
610 Market Place Plaza, Steamboat Springs, CO 80487
Facebook Google Plus Page YouTube pinterest Instagram LinkedIn
Share and Enjoy:
  • Facebook
  • Twitter
  • LinkedIn
  • Digg
  • del.icio.us
  • Google Bookmarks
  • Google Buzz
  • Print

Leave a Reply