Steamboat real estate transactions slowed in August, following national trends that correlated with the rise in interest rates. Dollar volume for real estate sales was off -10.70%, and the number of Steamboat real estate transactions was down-21.01%. Both YTD dollar volume and the number of transactions remains up from 2012.
Other real estate trends:
- Steamboat bank-owned sales have dried up, with only 3 bank-owned properties selling in August.
- Single family home sales are up 13%
- 52% of August transactions (excluding fractional sales) were cash.