In August of 2015, Steamboat Real Estate had enjoyed a 15% increase in dollar volume compared to August of 2014. This is great news for the Steamboat Springs market. While the number of transactions wasn’t too different: 88 in 2015 versus 84 in 2015 (a 4.7% difference) the average sales price is what drove the big increase in volume in Steamboat home sales. Average sales price for August of this year was $513,000, and in 2014 it was $465,000.
The biggest driver in the increase were Steamboat single family homes. Compared to August of last year, the volume for single family homes in Steamboat Springs has increased over 51%. In August of 2014, the total volume for single family homes was $16,233,750 and this past August, it was $24,557,976. Within the single family segment, the biggest drivers were homes over $750,000 with 9 sales, one of which was a property at Catamount near Steamboat that sold for $4,600,000.
Property Type | Year | # of sales | Average Price |
Steamboat Single Family | 2015 | 35 | $701,656.46 |
2014 | 29 | $559,784.48 | |
Steamboat Townhomes | 2015 | 20 | $461,515 |
2014 | 21 | $516,283.81 | |
Steamboat Condos | 2015 | 28 | $376,444.64 |
2014 | 23 | $432,247.83 | |
Steamboat Fractional | 2015 | 5 | $162,600.00 |
2014 | 8 | $83,612.50 |
For more information about the best real estate opportunities in Steamboat Springs, give us a call at 970-819-5063.