Steamboat Springs Real Estate Market Report May 2012

he Steamboat Real Estate market is recovering.

steamboat springs

Some sectors are still asleep, but other areas are wide awake. The overall number are rather mixed upon a quick glance, but digging deeper, things are getting better.

May was up slightly in gross dollar volume over April but down significantly over last year. Transactions are lagging from last month and last year. This is largely do to the fact that we had 63 fractional sales in May 2011 and only 16 in May 2012. Because so many transactions were fractional last year, the fact that dollar volume was similar, this mean that prices just might be going up.

And looking at average price per foot, we see many areas are trending up as well.

In 2011, the average sales price per foot in Old Town was $285. Today, that average is up to $314 per foot. So there are some areas around Steamboat seeing prices going up.

With dollar volume being higher in May ($31,562,700) over April ($31,406,700) with fewer transactions, this is a great sign that prices are in fact getting stronger.

Steamboat Springs Real Estate Market Report May 2012

Highest Priced Sale for May 2012:

5/3/2012, $3,100,000, Casey Pond Subdivision Parcel A, 2855 Hoot Owl Trail. This parcel is sold for development purposes. This parcel was purchased by the Colorado Seniors at Casey’s Pond. Land size is 5.364 acres which equated to $577,927 per acre.

 Highest Price per Square Foot for May 2012:

5/15/2012, $1,350,000, Park Place Subdivision, Lot 3, 71 Park Place. This 5 bedroom, 4.5 bath with 2,944 square feet on .15 acre of Land. Price per Square Foot is $458.56. This home is located in Steamboat Town Area.

Wondering who owns those second homes in Steamboat Springs or where they are from?   Well, Florida at 463, Texas at 411, Illinois at 352, California at 338 and Steamboat Second home owners by state.

Buyers of Steamboat Real Estate

Steamboat Real Estate bank sales

steamboat dogs

steamboat dogs

 

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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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