Resort Town Real Estate 2nd Quarter Market Trends

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Resort Town Real Estate 2nd Quarter Market Trends

The 2nd quarter has proven to be quite interesting for Routt County, Colorado, as well as several other mountain resort community counties around Colorado. If you read my June 2012 Market Report, you’ll remember that it contained some great news regarding all of the positive trends we’ve been seeing lately in the local as well as national market. After reading the 2nd Quarter Market Summary, it looks like some of those positive trends have been confirmed. You can take a look at the full report by clicking the link below.

2nd Quarter Resort Market Report

The 2nd Quarter Market Report contains information provided by the Aspen, Avon, Breckenridge, Dillon, Eagle, Frisco, Glenwood Springs, Vail, Winter Park and Steamboat Springs Land Title Guarantee Company offices. According to the numbers, both gross sales volume and the average price for a single family home increased in the 2nd Quarter by 6 percent or more in Routt County. Eagle County was the only other county to also see an increase in average single family home prices, however all counties but Pitkin and Summit saw an increase in gross sales volume.

Going Up!

Going Up!

The average for a multi-family unit was also up almost across the board, with the exception of Routt and Pitkin counties, however the number of bank sales increased in all counties except Pitkin and Summit, and the gross dollar volume for all new development was down in all counties except Garfield and Grand. Transaction numbers were also off in both Routt and Pitkin counties.

 

Which Direction?

Which Direction?

So, while it looks like we’ve still got a bit of digging out to do here in Routt County, the numbers have been increasingly and steadily positive and point to a continuing market recovery.

For more information about our local real estate market , please be sure to watch my video blog, too!

Regards,

Charlie

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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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