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 in One-Year Change in One-Year Change in
Sold Listings All Properties Median Sales Price All Properties Active 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 Listings 67 39 -41.8% 411 372 -9.5%
Pending Sales 55 37 – 32.7% 265 259 – 2.3%
Sold Listings 49 37 – 24.5% 223 233 + 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 Received 96.3% 96.0% – 0.3% 95.7% 96.5% + 0.8%
Days on Market 165 129 – 21.8% 176 154 – 12.5%
Housing Affordability Index 120 127 + 5.8% 113 109 – 3.5%
Active Listings 341 279 – 18.2%
Months Supply 9.5 7.5 – 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                         67 39 -41.8% 411 372 -9.5
Pending Sales 55 37 – 32.7% 265 259 – 2.3%
Sold Listings 49 37 – 24.5% 223 233 + 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 Received 96.3% 96.0% – 0.3% 95.7% 96.5% + 0.8%
Days on Market 165 129 – 21.8% 176 154 – 12.5%
Housing Affordability Index 120 127 + 5.8% 113 109 – 3.5%
Active Listings 341 279 – 18.2%
Months Supply 9.5 7.5 – 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-2015 22 -42.1% 45 -19.6%
Oct-2015 35 +59.1% 40 -4.8%
Nov-2015 20 -9.1% 35 0.0%
Dec-2015 14 -33.3% 33 -26.7%
Jan-2016 29 +16.0% 39 -2.5%
Feb-2016 23 -23.3% 47 +11.9%
Mar-2016 29 -42.0% 53 +8.2%
Apr-2016 44 -6.4% 49 -27.9%
May-2016 79 +6.8% 77 -8.3%
Jun-2016 78 +18.2% 79 +29.5%
Jul-2016 42 -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-2015 35 +25.0% 36 -10.0%
Oct-2015 24 -4.0% 35 -20.5%
Nov-2015 19 +46.2% 36 +56.5%
Dec-2015 9 -10.0% 18 -5.3%
Jan-2016 19 +35.7% 31 -13.9%
Feb-2016 16 +14.3% 25 +38.9%
Mar-2016 24 -7.7% 34 0.0%
Apr-2016 31 +19.2% 48 +37.1%
May-2016 33 +3.1% 44 +7.3%
Jun-2016 27 -6.9% 35 -23.9%
Jul-2016 38 +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-2015 31 +10.7% 49 +8.9%
Oct-2015 32 +23.1% 39 -11.4%
Nov-2015 15 -37.5% 33 -2.9%
Dec-2015 28 +47.4% 37 -19.6%
Jan-2016 12 +50.0% 20 0.0%
Feb-2016 12 +20.0% 17 -10.5%
Mar-2016 9 -50.0% 24 -25.0%
Apr-2016 21 +10.5% 37 +42.3%
May-2016 22 +15.8% 40 +21.2%
Jun-2016 38 -2.6% 52 +18.2%
Jul-2016 29 -17.1% 37 -24.5%


 


 

Read the entire report here

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