December was another great month for Steamboat Springs Real Estate sales in Routt county with total sales volume of $113.9M compared to $78.5M last year (+45.09%). This was the highest gross volume month of the year due in part to the sale of Motherwell Ranch. Total transactions were up with 128 compared to 119 December 2018 (+7.56%).
We rounded out 2019 with a total gross volume of $905,923,688 which was up +4.46% compared to 2018. Transactions totaled 1,388 which was down -6.03% compared to last year.
Average residential price was $731,251 for 2019 compared to $686,781 for 2018.
Average price per square foot $373 YTD (new unit sales are $455 on avg)
There were 3 New Unit Sales in December
Local buyers made up 48% our sales in December in Routt county
There were a total of 193 loans in December with 62% of purchasers closing with financing at the time of sale while 38% closed with cash. There were 117 refinances!
The Steamboat Springs real estate market continues to be active with most prices on the rise. Inventory in low for all types of properties which is causing prices to go up a little faster than normal. If you have a single family home you’re thinking about selling this springs, start packing your boxes now. The real estate market is that HOT.