Best August Real Estate Sales in Years

The following Steamboat real estate information is provided by Melissa Gibson of Land Title Guarantee.  Melissa writes,

“August was a great month for Steamboat Springs real estate sales with $68.4M in Gross Volume and 161 Transactions – one of the best August months we have seen in years.  Compared to last August, Gross Volume was up by +9.59%, with the YTD. at +9.36%.  Transactions were up 7.33% compared to last August and YTD up 3.53%.

Average Sales Price:
Single Family +1%
Multifamily -2%
Vacant Land -43%

Median Sales Price:
Single Family +13%
Multi Family +4%
Vacant Land -34%

Average PPSF
Single Family +10%
Multi Family +2%
Vacant Land +15%

There were two bank sales in August, up from 0 in July.

New Unit Sales were up slightly with 8 in August, compared to 7 in July.

Upper end unit sales were static with 12 in both August and July.”

Posted by Steamboat Springs Real Estate | Filed Under Market Report, Uncategorized