Steamboat Real Estate Market Stats - September 2013 YTD
The September Stats just came out and they show that the Real Estate Market in Steamboat Springs continues to improve. The numbers show ups and downs so far this year some of which makes sense and some doesn't. I called my firend Melissa who runs Land Title and does the stats to ask her if the decrease in August and big jump in September makes any sense beacuse it doesn't correlate for me at all. She agreed that August was busier than September closings wise. I asked her if things may not be gettting recorded at the end of busy months like August. This can definitely be the case so we are looking into if it explains it this time.
See below for Melissa's report from Land Title. If you would like to know more about the market or what is happening in the area you care about just give me a call at 970-819-6930. I will be publishing my Q3 Steamboat Report with in depth looks at what is happening in key segments next week so let me know if you would like me to send you a copy.
September was a great month making up for an August that wasn't as strong as we thought it would be! There were 122 transactions which was the biggest month this year and $48M in Gross Volume, the 2nd biggest this year.
September was up +86.15% over last September in Gross Volume, which puts the YTD Gross Volume comparison at +14.09%. Transactions were up +45.24% over last September which puts the YTD Transaction comparison at +11.75%
Snapshot values are as follows:
Single Family +11%
MultiFamily – 4%
Vacant Land -29%
Median values are more forgiving in all three categories.
There were a total of 124 Deeds of Trust recorded with a loan ratio of 54% of sales that had loans at closing, while 46% of sales were cash at closing.
Here is a link to Land Title's Steamboat Real Estate Stats for September 2013 YTD