Steamboat Condo Prices Up 10%

Steamboat real estate update from Melissa Gibson at Land Title:

August was a great month and that momentum appears to be continuing into the Fall.   We had $50,369,100 in gross volume this August – up 29.74% over last year.

Total number of transactions were also up – 133 compared to 109 last August – a 22% increase.  Year to date, we are +6.79% in number of transactions and +2.64% in gross volume compared to 2013.

Snapshot values are still in the positive range as follows:

Average Sales Prices:
Single Family +2%
Multi Family +10% (These are Steamboat condos)
Vacant Land -11%
Median Sales Prices:
Single Family +15%
Multi Family +9% (These are Steamboat Condos)
Vacant Land +15%
And, as another measure, I have added a PPSF comparison I hope you will find useful:
Single Family +15%
Multi Family +4%

Bank Sales were up slightly to 4 in August.

There were 117 Deed of Trust recordings in August.  45% of sales had financing at time of purchase and 55% were cash.

Click here for the brief 2-page synopsis: August 2014 – 2 page

For the full report, click here: August 2014