Steamboat Real Estate Market Stats - October 2013 YTD
The Official Land Title Steamboat Market stats just came out today and it was a great month. We have been busy all summer with 4 of the 5 best months we have ever had (even compared to when the market was nearly 4 times bigger) and the broader market is picking up it's pace now too. The Steamboat Real Estate Market grew 26.2% over October 2012 and 15.5% YTD vs. 2012. Transactions were up +8.4% over last October and were up 11.3% YTD. For a little perspective the market was down nearly 75% volume wise from the peak in 2007 so we have a ways to go both sales and value wise.
There were $54.8M in gross sales and 129 transactions in October making it the second biggest gross volume month this year along with the highest number of transactions in 2013. The Steamboat Real Estate Market grew 26.2% over October 2012 and 15.5% YTD vs. 2012. Transactions were up +8.4% over last October and were up 11.3% YTD. 51% of the sales had financing at the time of sale – 49% were cash.
Key segments performed as follows YTD compared to 2012:
Single Family +10%
Multi Family -4%
Vacant Land -20%
As I said in The Steamboat Report last month "The conversations about the market are changing as well. People looking to buy tell me that they see this as the time to either move to Steamboat, own in Steamboat or upgrade because they see Steamboat set to improve with the national market. People looking to sell tell me that they see this as the time to move forward to their next home or investment while it is available at a good price." I recommend reading The Steamboat Report at the link above if you would like to see how key areas of the market are performing since there is quite a bit of variation.
If you would like to know more about the market or get an honest valuation of your property just let me know. For a copy of the detailed YTD Steamboat Real Estate Market stats just send me an email at [email protected].