NOVEMBER 2019 – Market Review

November was a great month for Real Estate sales in Routt county with total sales volume of $91.24 Million compared to $63.33 Million lat year! The Elk River Ranch sale contributed $11,500,000 of the total sales volume for the month of November. Total transactions were up with 119 compared to 99 in November 2019. Our YTD gross volume is down just -0.41 and transactions are down -7.22% YTD.

The Clift Notes:

Average residential price is $696,140 YTD.
Average price per square foot $371 YTD (new unit sales are $464 on avg)
There were 4 New Unit Sales in November
Local buyers made up 54% our sales in November in Routt county
There were a total of 177 loans in November with 58% of purchasers closing with financing at the time of sale while 42% closed with cash. There were 113refinances.

 

Click here to see the full market analysis from Land Title Guarantee Company