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
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Real Estate Associate Broker | Sotheby’s
970-846-6435 | SteamboatsMyHome.com
610 Market Place Plaza, Steamboat Springs, CO 80487
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