Market Report

By Blog, Steamboat Springs Real Estate Market January 16, 2016

Steamboat Springs Real Estate Market Report

Monthly Indicators

December 2015 Activity Snapshot

New Listings were down 33.3 percent for single family homes and 26.7 percent for townhouse-condo properties. Steamboat Springs real estate market reportPending Sales decreased 10.0 percent for single family homes and 5.3 percent for townhouse-condo properties.
The Median Sales Price was down 11.6 percent to $516,250 for single family homes but increased 11.8 percent to $381,500 for townhouse-condo properties. Days on Market decreased 3.1 percent for single family homes but increased 7.1 percent for condo properties.
Gross Domestic Product increased at an annual rate near 2.0 percent to close 2015, and that rate is expected to increase next year. Residential real estate is considered a healthy piece of the national economy. Contributing factors from within the industry include better lending standards and foreclosures falling back to more traditional levels. Declining unemployment, higher wages and low fuel prices have also conspired to improve personal budgets.
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About the Author
Josh Cook
Josh Cook
Josh Cook is The Boyd Team’s Digital Marketing Specialist. In today’s online world, having someone who knows the industry and trends is a must. Real Estate has become increasingly internet-centric, having Josh on the team to meet those needs sets The Boyd Team apart. He continues to strive to make the Boyd Team’s internet presence as expansive as possible enhancing each listing’s presence.