Steamboat Springs Real Estate Market Report
December 2015 Activity Snapshot
New Listings were down 33.3 percent for single family homes and 26.7 percent for townhouse-condo properties. Pending 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.