Mixed Report in September Routt County Real Estate Market

As fall entered full swing, the Steamboat Springs’ real estate market continued its swing along its own bumpy ride with the number of transactions totaling the second highest all year at 140, but with gross dollar volume just over $35 million which only ranks 5^th year to date with 9 months down. That makes sense when you dig deeper into residential home sales and see that 34% of them in September were for homes under $200,000.

As September turned to October and mud season follows, we’ll see less real estate activity, and as you’d expect, January sales historically trend low with fewer ‘Under Contracts’ or ‘Pendings’ going on the books the last quarter of the year. But with the bad bounce, comes the good bounce: Steamboat Springs’ ski season is right around the corner. Three ski resorts have opened already, and as always this time of year, there’s winter excitement in the air. With all the Steamboat mountain area base improvements, and the impressive #8 ski resort ranking, we’re looking optimistically ahead and doing our best to ignore the bumps along the way.

Highlights from the Routt County/Steamboat Springs’ September Real Estate Sales Report include:

Steamboat Springs Market Report September 2011

* 7 transactions over $1M with the top 2 being from buyers residing in Texas and Illinois.

* 18 bank sales up only 1 from last month.

* The Mountain Area ranked #1 in sales volume at 22% of the Total Sales Volume, while Timeshare & Interval Unit Sales held the top number of transactions with 52.14% of the month’s 140 Total Transactions.

The highest priced sale and the highest price per square foot sale for September 2011, were as follows:

Highest priced sale for September 2011:

9/2/2011 $3,900,000, Dakota Ridge Sub 31665 Aspen Ridge Road – 5 Bedroom 5.5 Bath YOC 2008 with 7,654 SF Living Area on 5.3 AC Land.  PPSF is $509.54. This is a new construction sale located in the South Routt County Area.

Highest PPSF sale for September 2011:

9/29/2011 $665,000, 30750 County Road – 2 Bedroom 2 Bath YOC 1999 with 1,014 SF Living Area on 35.38 AC Land.  PPSF is $655.82.  NOTE: This PPSF is slightly misleading because there is also a 5,700 SF Barn located on site, and a 1,200 SF Utility shed that are not included in the living area sizing.  This sale is located in the South Routt County Area. (The second highest PPSF is the above Dakota Ridge Sale)

—For more information on buying real estate or questions regarding Steamboat Springs real estate or renting a home in Steamboat Springs, Colorado, feel free to call Charlie at 970-846-6435 or write me an email at: charlie@steamboatsmyhome.com

Thanks,

Charlie