Melissa Gibson from Land Title reports on the Steamboat real estate market below:
We had a good month with $38.7M in Gross Sales and 98 Transactions! That is up significantly from January and the best February we have seen in 5 years. It didn’t completely make up for the slow start in January, but definitely a step in the right direction.
Here’s the rundown:
Compared to last February, Gross Sales are up by +26.12%, with the YTD. currently at -9.14%
Transactions are up by +4.26% compared to last February, with the YTD. currently at -14.36%
This translates to slightly escalating pricing. Here are the current Snapshot Values compared to last year, but remember, it is early in the year so these are not as conclusive:
Single Family +26%
Multi Family -2%
Vacant Land -29%
Single Family +18%
Multi Family -14%
Vacant Land +7%
Bank Sales were up this month with 6 for February, as compared to 3 in January.