Steamboat Real Estate Market Profile – December 2016
Percent changes calculated using year-over-year comparisons.
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.
- New Listings were up 12.5 percent for single family homes and 29.7 percent for townhouse-condo properties.
- Pending Sales increased 50.0 percent for single family homes and 47.1 percent for townhouse-condo properties.
- The Median Sales Price was up 27.8 percent to $660,000 for single family homes but decreased 7.8 percent to $341,000 for townhouse-condo properties.
- Days on Market decreased 0.5 percent for single family homes and 1.6 percent for condo properties.
The overwhelming feeling about prospects in residential real estate for the immediate future is optimism. Real estate professionals across the nation are expressing that they are as busy as ever. There are certainly challenges in this market, like continued low inventory and higher competition for those fewer properties, but opportunities abound for creative and diligent agents prepared to put in the necessary amount of work.
*Information is provided by the Steamboat Springs Board of Realtors