Steamboat Springs, Colorado Real Estate Market Report June 2012

Steamboat Springs Market Report June 2012

As you’ll remember from my May 2012 Market Report, I reported some encouraging numbers in the local Steamboat real estate market.  Well, the June 2012 numbers have arrived and provide even further confirmation of definite improvement in the health of the Routt County real estate market.  Real estate is selling in Steamboat and it’s not just the bank owned. Now we’re starting to see inventories in some area shrinking and thus prices are on the rise.

Taking a look at dollar volume, the June 2012 data showed nearly a 65% increase over  June 2011, and compared to May of 2012, June’s dollar volume more than doubled.  With a great deal of speculation over the last few months as to which direction the Routt County Real Estate Market was actually headed, I think we can say with a good deal of confidence that Steamboat Springs Real Estate is on the rebound.

June Market Comparision Chart

June Market Comparison Chart

While transaction numbers are still slightly off, June’s numbers did show a 16% improvement over the same month in 2011.   Unit count also increased from 79 units sold in May of 2012 to 109 units sold in June of 2012.

Average residential price per square foot also continues to show an increase from May of 2012 in all but the Fish Creek, South Routt County and Downtown Steamboat Springs areas.  Yet Old Town / Downtown Steamboat price per foot sales are still climbing up to an average of $312 per foot. This brings the total average price per square foot in all areas combined to about $308 per foot.

See June 2012 Complete Stats

Single Family Homes

Single Family Homes

Highest Priced Sale for June 2012:

6/12/2012, $14,000,000.  Porcupine Ridge Ranch, Oak Creek, Colorado.  This sale included 8197.5 acres of land with four residential homes and numerous outbuildings and was purchased by a buyer from Colorado Springs, Colorado.  The price per square foot on this sale was $2955.46.

Overall, things are looking really good.  Let’s hope for additional consistent, continuous improvement in the months to come.

Also, to learn more about where this month’s buyers are coming from, as well as information regarding this month’s bank sales,  commercial property, townhome and condominium stats, please click on any of the links below:

June Buyer Profile

June Bank Sales

Commercial First Half

Townhomes First Half

Condos First Half

 

 

 

 

 

 


 

 

 

 

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About SteamboatsMyHome.com

Originally from Seattle, Washington, Charlie relocated to Steamboat Springs with his wife Carol and their son, Finn, to become a Steamboat Springs realtor eager to share the joys of Colorado. Charlie is a second generation realtor and is proud to be a member of Steamboat Sotheby's International Realty in Steamboat Springs, Colorado. After graduating from Whitman College in Walla Walla, Washington, Charlie worked in the high-tech industry in Seattle for several years before deciding to follow his father's lead and began his career in real estate. Working for Windermere Real Estate in Seattle, Charlie had a great, innovative career in the highly competitive Seattle market before moving to Steamboat in 2005 and delving deep into Steamboat Springs real estate. At Steamboat Sotheby's International Realty, Charlie has become one of the top agents with his innovative style and tireless perseverance.
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