October 2019 – THE FIGURES ARE IN

Real estate sales were good for October in Routt county with total sales volume of $93.6 Million compared to $95.9 Million last year. October saw the sale of the Home Ranch for $16.425 Million along with an Alpine Mountain Ranch home that sold for $4.495 Million. Total transactions were down with 146 compared to 155 in October 2018. Our YTD gross volume is down -3.5% and transactions are down -9.37% YTD.

The Clift Notes:

Average residential price is $679,309 YTD.
Average price per square foot $367 YTD (new unit sales are $471 on avg)
There were 5 New Unit Sales in October
Local buyers made up 51% our sales in October in Routt county
There were a total of 226 loans in October with 65% of purchasers closing with financing at the time of sale while 35% closed with cash – buyers are taking advantage of the low interest rates. There were 139 refinances.

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For more information on Real Estate or Steamboat Springs, check out my website and vlogs!

Website: http://www.SteamboatsMyHome.com
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Charlie Dresen

Change Your Experience

Real Estate Associate Broker | Sotheby’s

970-846-6435  | SteamboatsMyHome.com

610 Market Place Plaza, Steamboat Springs, CO 80487