Market Report

Basalt, CO

Single-Family Homes

www.titlecorockies.com



Basalt, CO

Sat Dec 07 2019
This week the median list price for Basalt, CO is $1,285,000 with the market action index hovering around 25. This is an increase over last month's market action index of 23. Inventory has held steady at or around 53. Click here to stay informed with the Basalt market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Basalt, CO

Sat Dec 07 2019
This week the median list price for Basalt, CO is $1,285,000 with the market action index hovering around 25. This is an increase over last month's market action index of 23. Inventory has held steady at or around 53. Click here to stay informed with the Basalt market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Basalt market.
Median List Price $1,285,000
Per Square Foot $470
Days on Market 266
Price Decreased 40%
Price Increased 4%
Relisted 6%
Inventory 53
Median Rent $4,900
Most Expensive $12,500,000
Least Expensive $595,000
Market Action 25
Slight Buyer's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$4,250,000 3,129 5 - 10 acres 4 4 20 0 1 249
$1,795,000 3,997 2.5 - 5 acres 4 4 23 0 0 396
$999,000 2,600 0.5 - 1 acre 4 3 24 1 0 214
$799,000 2,545 6,500 - 8,000 sqft 3 3 28 0 2 208