Steamboat Real Estate Market Profile – August 2017
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 down 20.4 percent for single family homes and 19.0 percent for townhouse-condo properties.
- Pending Sales decreased 22.2 percent for single family homes and 8.8 percent for townhouse-condo properties.
- The Median Sales Price was up 5.6 percent to $596,000 for single family homes and 21.7 percent to $383,500 for townhouse-condo properties.
- Days on Market increased 10.3 percent for single family homes but decreased 20.1 percent for
The prevailing trends lasted through summer. This was expected, since there have not been any major changes in the economy that would affect housing.
Factors such as wage growth, unemployment and mortgage rates have all been stable. Every locality has its unique challenges, but the whole of residential real estate is in good shape. Recent manufacturing data is showing demand for housing construction materials and supplies, which may help lift the ongoing low inventory situation in 2018.
*Information is provided by the Steamboat Springs Board of Realtors