For all of you statisticians out there, here are some recent sales numbers to ponder. We have numbers from November from Melissa at Land Title as well as numbers from the Colorado Association of Realtors for December. The bottom line is that we need additional inventory in a broad array of properties. Interest rates are great, so if you have been on the fence and think you want to get into the market then probably time to start shopping. As well, if you are considering selling, it is an optimal time to consider listing. I can help you with both!
Melissa Gibson at Land Title reports: "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. " NOVEMBER-2015-ROUTT COUNTY SALES
From the Colorado Association of Realtors, the Steamboat Market Profile - December 2015 shows: New Listings were down considerably, but the demand is certainly apparent for a variety of products. "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."
The snow is piling up here and we have some incredible skiing and riding on the mountain. As we enter the middle of ski season, all signs point to an unbelievable year for snowfall.
Live. Play. Own.