Market Report
Steamboat Springs, CO 80487
Single-Family Homes
www.titlecorockies.com
Steamboat Springs, CO 80487
Mon Nov 19 2018
This week the median list price for Steamboat Springs, CO 80487 is $1,690,000 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 167.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Slight Buyer's Advantage
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $1,690,000 | |
| Per Square Foot | $423 | |
| Days on Market | 256 | |
| Price Decreased | 28% | |
| Price Increased | 1% | |
| Relisted | 5% | |
| Inventory | 167 | |
| Median House Rent | ||
| Most Expensive | $46,000,000 | |
| Least Expensive | $91,100 | |
|
Market Action Index
Slight Buyer's Advantage |
26 |
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,750,000 | 7,397 | 2.5 - 5 acres | 5 | 7 | 13 | 0 | 0 | 490 |
| $2,014,500 | 4,735 | 1 - 2.5 acres | 5 | 5 | 20 | 1 | 3 | 234 |
| $1,376,250 | 3,548 | 0.5 - 1 acre | 4 | 4 | 18 | 1 | 2 | 227 |
| $724,500 | 1,947 | 0.25 - 0.5 acre | 3 | 2 | 37 | 4 | 5 | 77 |