Steamboat real estate sold statistics for year-to-date through November are up nicely over the same time frame for 2013. In the case of townhomes, the number of closings is up a dramatic 35%*, while single family home sales and condominiums are more numerous by 9%. The market’s overall median sales price is up by 18% (This includes all property categories). Townhomes and condominiums both lead the way with median sales up 11%. The number of new listings continues the trend of going down, during this period (year over year), listings went down by 4% for all categories. These diminishing inventories encourage the upward price movement.
With new listings increasingly scarce, these indicators suggest it is a good time for sellers to list properties. The number of home listings generated so far this year is down 13% from the same period in 2013.
*Sometimes sales figures can be skewed by individual sales that affect averages. This is the case with townhome sales for this period.
Numbers for November Real Estate:
Steamboat Median Price Sold: