Routt County Market Analysis

November 2015 – Analysis for Steamboat Springs market and surrounding areas

November was another great month for Real Estate in Routt County with 147 transactions and $64.6M in gross volume. Compared to last November, Gross sales were up by +55.94% with the YTD up +11.21%. Transactions were also up by +38.68% in November with the YTD up +6.13%

There were 7 New Unit sales in November, compared to 4 in October. Upper end sales were down from 20 in October to 11 in November.

Snapshot values are as follows:

Average Sales Prices:Steamboat Springs Market
Single Family -9%
Multi Family -3%
Vacant Land +13%

PPSF:
Single Family -4%
Multi Family +4%
Vacant Land -41%

November had 135 Deed of Trust recordings, with 55% of purchasers closing with financing at the time of sale and 45% of purchasers closing with cash.

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