Monthly Indicators – July 2016

 

July 2016

Percent changes calculated using year-over-year  comparisons.
New Listings were down 27.6 percent for single family homes and 41.8 percent for townhouse-condo properties. Pending Sales increased 35.7 percent for single family homes but decreased 32.7 percent for townhouse-condo properties.

 

The Median Sales Price was up 17.6 percent to $600,000 for single family homes but decreased 1.8 percent to $292,500 for townhouse-condo properties. Days on Market decreased 31.1 percent for single family homes and 21.8 percent for condo properties.

 

Low housing supply has already prevented an outright national boon in sales activity, despite a continuation of near record-low mortgage rates and an unemployment rate under 5.0 percent deep into 2016. The issue is not purchasing power. Many areas are falling behind last year’s closed sales totals simply because of lack of available inventory. As this continues, higher prices may put a deeper squeeze on the current buyer pool.

 

Activity Snapshot

– 14.3%+ 12.6%– 23.8%
One-Year Change inOne-Year Change inOne-Year Change in
Sold Listings All PropertiesMedian Sales Price All PropertiesActive Listings All Properties
 

Residential real estate activity in zip codes 80487, 81639 and 80467, comprised of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures.

 


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Single Family Market Overview

 

KEY METRICS

 

7-2015

 

7-2016

 

PERCENT CHANGE

 

YTD 2015

 

YTD 2016

 

PERCENT CHANGE

 

New Listings6739-41.8%411372-9.5%
Pending Sales5537– 32.7%265259– 2.3%
Sold Listings4937– 24.5%223233+ 4.5%
Median Sales Price$298,000$292,500– 1.8%$317,000$339,500+ 7.1%
Average Sales Price$373,412$350,604– 6.1%$425,416$429,093+ 0.9%
Pct. of List Price Received96.3%96.0%– 0.3%95.7%96.5%+ 0.8%
Days on Market165129– 21.8%176154– 12.5%
Housing Affordability Index120127+ 5.8%113109– 3.5%
Active Listings341279– 18.2%
Months Supply9.57.5– 21.1%

 

Steamboat-Market-Profile-2016-July_Page_02


Townhouse-Condo Market Overview

 

KEY METRICS

 

7-2015

 

7-2016

 

PERCENT CHANGE

 

YTD 2015

 

YTD 2016

 

PERCENT CHANGE

 

New Listings            6739-41.8%411372-9.5
Pending Sales5537– 32.7%265259– 2.3%
Sold Listings4937– 24.5%223233+ 4.5%
Median Sales Price$298,000$292,500– 1.8%$317,000$339,500+ 7.1%
Average Sales Price$373,412$350,604– 6.1%$425,416$429,093+ 0.9%
Pct. of List Price Received96.3%96.0%– 0.3%95.7%96.5%+ 0.8%
Days on Market165129– 21.8%176154– 12.5%
Housing Affordability Index120127+ 5.8%113109– 3.5%
Active Listings341279– 18.2%
Months Supply9.57.5– 21.1%

 

Steamboat-Market-Profile-2016-July_Page_03


Steamboat Market - New LIstings

New Listings

Aug-2015

Single Family

45

Percent Change

-8.2%

Townhouse –Condo

70

Percent Change

+48.9%

Sep-201522-42.1%45-19.6%
Oct-201535+59.1%40-4.8%
Nov-201520-9.1%350.0%
Dec-201514-33.3%33-26.7%
Jan-201629+16.0%39-2.5%
Feb-201623-23.3%47+11.9%
Mar-201629-42.0%53+8.2%
Apr-201644-6.4%49-27.9%
May-201679+6.8%77-8.3%
Jun-201678+18.2%79+29.5%
Jul-201642-27.6%39-41.8%

Pending Sales

Pending Sales

Aug-2015

Single Family

34

Percent Change

+36.0%

Townhouse- Condo

55

Percent Change

-1.8%

Sep-201535+25.0%36-10.0%
Oct-201524-4.0%35-20.5%
Nov-201519+46.2%36+56.5%
Dec-20159-10.0%18-5.3%
Jan-201619+35.7%31-13.9%
Feb-201616+14.3%25+38.9%
Mar-201624-7.7%340.0%
Apr-201631+19.2%48+37.1%
May-201633+3.1%44+7.3%
Jun-201627-6.9%35-23.9%
Jul-201638+35.7%37-32.7%




Sold LIstings

Pending Sales

Aug-2015

Single Family

27

Percent Change

+3.8%

Townhouse- Condo

47

Percent Change

+14.6%

Sep-201531+10.7%49+8.9%
Oct-201532+23.1%39-11.4%
Nov-201515-37.5%33-2.9%
Dec-201528+47.4%37-19.6%
Jan-201612+50.0%200.0%
Feb-201612+20.0%17-10.5%
Mar-20169-50.0%24-25.0%
Apr-201621+10.5%37+42.3%
May-201622+15.8%40+21.2%
Jun-201638-2.6%52+18.2%
Jul-201629-17.1%37-24.5%


 


 

Read the entire report here

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