Year-end numbers for Steamboat Springs real estate proved to be a strong close to the year. On top of the abundance of snow we have received thus far (274"), the market is showing revival. Melissa Gibson from Land Title reports: "December was a great way to end 2015 with 142 transactions and $99.2M* in gross volume! Compared to last December, Gross sales were up by +70.68% and Transactions were up by +17.36%. In total for 2015, there was $700,083,935 in gross sales (up 17% over 2014) and 1,457 Transactions (up +7.13% over 2014).
*There were two large fractional/time-share transfers in December that accounted for $22M in sales. Even removing those sales, it was still the best December in more than 5 years.
There were 7 New Unit sales in December - the same as November. Upper end sales were up from 11 in November to 19 in December. December had 152 Deed of Trust recordings, with 58% of purchasers closing with financing at the time of sale and 42% of purchasers closing with cash.
Included in the end of the full report is the Q4 Commercial summary as well."
Click here for a brief 2-page synopsis: December 2015 - 2 page
The interest rates continue to be favorable and we are seeing increase in demand for lots/land and new construction can be seen all over town. There are a few new multi-family projects that will help with our inventory levels.
Live. Play. Own.