Resort Town Real Estate 2nd Quarter Market Trends
The 2nd quarter has proven to be quite interesting for Routt County, Colorado, as well as several other mountain resort community counties around Colorado. If you read my June 2012 Market Report, you’ll remember that it contained some great news regarding all of the positive trends we’ve been seeing lately in resort town real estate, as well as the national market. After reading the 2nd Quarter Market Summary, it looks like some of those positive trends have been confirmed. You can take a look at the full report by clicking the link below.
The 2nd Quarter Market Report contains information provided by the Aspen, Avon, Breckenridge, Dillon, Eagle, Frisco, Glenwood Springs, Vail, Winter Park and Steamboat Springs Land Title Guarantee Company offices. According to the numbers, both gross sales volume and the average price for a single family home increased in the 2nd Quarter by 6 percent or more in Routt County. Eagle County was the only other county to also see an increase in average single family home prices, however all counties but Pitkin and Summit saw an increase in gross sales volume.
The average for a multi-family unit was also up almost across the board, with the exception of Routt and Pitkin counties, however the number of bank sales increased in all counties except Pitkin and Summit, and the gross dollar volume for all new development was down in all counties except Garfield and Grand. Transaction numbers were also off in both Routt and Pitkin counties.
So, while it looks like we’ve still got a bit of digging out to do here in Routt County, the numbers have been increasingly and steadily positive and point to a continuing market recovery.
For more information about our local real estate market , please be sure to watch my video blog, too!