As we reflect on 2016, the combination of low interest rates, a strong national housing market (According to the Case Shiller National Home Price NSA index, 2016 home prices surpassed 2008) and an increasing Routt County population led to a very strong year in real estate. Total sales volume for the year was $637 million which was 20% higher than the total sales volume in 2015. More specifically, residential sales volume (excluding timeshares and
fractional properties) increased 22% from 2015.
With median home prices up 14% from last year to $532,000 Steamboat Springs property owners can feel good about the value of their investment.
As your market experts, we are pleased to report 2017 is starting off strong and we expect upcoming closings to further reflect the trend towards higher prices.
In 2016, Colorado Group Realty had it’s second highest volume year since 2007. We were involved in almost 30% of all Steamboat Springs real estate transactions.
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