Steamboat Springs Real Estate Values Rise - May 2014

May was a great month - the highest gross dollar volume of the year so far and higher than any month last year!  We had over $56.4M in sales which was +42.94% over last May and 122 transactions, 17.31% higher than last May.  For the YTD, that translates to +7.13% in transactions over 2013 and -4.29% in gross dollar volume.  We did have 3 transactions over $3M in May which helped our gross volume.

Snapshot values are holding steady in the positive range:

Average Sales Prices:

Single Family +13%

Multi Family +17%

Vacant Land -26%

Median Sales Prices:

Single Family +26%

Multi Family +5%

Vacant Land +11%

Bank Sales were down to 2 in May.

There were 117 Deed of Trust recordings in May with 58% of sales having financing at time of purchase - 42% were cash. Courtesy Land Title

If you are looking for a home site, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Steamboat Sotheby's International Realty. I work as a Buyer's Agent for my clients. I also represent Sellers. If you are buying or selling in the Steamboat Springs or surrounding areas, I can provide what you need. I am paid my success fee only after you experience success! Contact me today and let’s get started... e-mail: MichelleDiehl@comcast.net cell: 970.846.1086 office: 970.879.8100 EXT 434

The Steamboat Springs Real Estate Market is alive and well and deals can still be made. The peak of the market in Routt County was in 2007. In 2013 the dollar volume of sales was still 68% off peak times. However 2014 looks to be shaping up differently. Because we have less inventory the homes that are selling are experiencing higher sales prices than in previous years. 2014 seems to shaping up as the year we may say this is when the market turned around. We are seeing less and less distressed properties which is allowing the market rate properties to hold their value. This coupled with the lack of inventory may prove to be a stellar year in real state transactions. On a personal note my husband and I were able to sell our single family home in the Fish Creek Area in only 32 days. Pricing right for the market is always key to a fast sale. We are seeing higher volume of land sales in the Steamboat area as well with lots of new construction - all signs of growth and confidence in the economy. Steamboat is coming back baby!

If you are looking for a home site, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, CRS/GRI Broker Associate at Steamboat Sotheby's International Realty. I work as a Buyer's Agent for my clients. I also represent Sellers. If you are buying or selling in the Steamboat Springs or surrounding areas, I can provide what you need. I am paid my success fee only after you experience success! Contact me today and let’s get started... web: SteamboatDream.com e-mail: MichelleDiehl@comcast.net cell: 970.846.1086 office: 970.879.8100 EXT 434