Steamboat Springs Real Estate Market Report for March 2012

The March numbers came out for the real estate market report this week. Keep in mind these are Steamboat Springs real estate transactions that closed in March, 2012. This means these properties went under contract roughly 30-60 days prior, or in January and February. I monitor the pending sales each months and back in January there were only 77 pending properties. Today there are 143. What this means is that we are just starting to see all these pending sale begin to close. In other words, the future looks a lot brighter than these March numbers. Here’s the trends for pending sales the last 5 months:

Dec. = 71

Jan. = 77

Feb. = 102

March = 132

April = 143

MARCH 2012 ROUTT REAL ESTATE MARKET REPORT.   We had 99 transaction in March for a total of $38M in sales.  Volume is up over last year, while the number of transactions are still off – culminating in quite a bit of green, which is starting to translate into the signs of pricing stability, even given the 21 bank sales that were recorded in March.  Overall, March was a solid month in terms of continuing signs of stability.

Highest PPSF for March 2012:

·  3/27/2012 $2,725,000 One Steamboat Place at Apres Ski Way Condo Unit R-704 aka 2250 Apres Ski Way, #R-704 – 4 Brm 4.5 Bath YOC 2009 with 3,265 SF Living Area.  PPSF $834.61.  This is a new construction sale, located in the Steamboat Mountain Area.

Highest Priced Sale for March 2012:

·  3/2/2012 $4,000,000 Strawberry Meadows MDSE Subd Lot 2 aka 40455 Virtus Way – 6 Brm 6.5 Bath YOC 1992 with 10,351 SF Living Area on 35.38 AC Land.  (this includes the caretaker unit)  PPSF is $386.44.  This sale is located in the Strawberry Park/Elk River Area.

I also wanted to include some other interesting facts:

Here is a list of the bank owned or foreclosed properties that sold in March.


Buyer Profile for March 2012

Listing to solds 2000 to 2012

And here’s a recent video on the improving market.