Increased Showing Activity

Monday, February 09, 2009

Just a quick update on some recent sales numbers for Steamboat Springs.  Scanning last week’s sales, total volume for real estate transactions from Jan. 29-Feb 4 was a mere $1,248,600.  In year’s past, this same week’s total has often topped $15 or $20 million.

Total sales for December of 2008 were $40,144,500, only $37% of December 2007 sales of $107,762,800.  Total dollar volume for all of 2008 ended up at $725,101,200 which worked out to be 45.68% of the 2007 record sales year of $1,587,357,500.

So as not to highlight only doom & gloom, recent showing numbers indicate an increase in activity as of late.  Prudential Steamboat Realty listings recorded 302 property showings in January 2009 vs. 257 showing requests in January 2008.  That’s 45 more showings or a 17.5% increase in activity in January, year-over-over.

Showing numbers have steadily increased from November of last year through January 2009.  Prudential recorded 160 showing requests in November, 201 in December and 302 in January.

What these numbers demonstrate is a recent increase in buyer interest.  It hasn’t translated into increased sales yet, but it’s a positive sign none the less.  You can interpret the numbers however you’d like, but it shows us that buyers are getting more and more ready to make a purchase.  They might not be buying just yet, but they are looking.  Good deals on the market are sure to start selling if the showing activity stays as strong as it has been.

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