Market Report

Basalt, CO

Single-Family Homes

www.titlecorockies.com



Basalt, CO

Mon Jun 17 2019
This week the median list price for Basalt, CO is $1,250,000 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has held steady at or around 47. Click here to stay informed with the Basalt market!

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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Basalt, CO

Mon Jun 17 2019
This week the median list price for Basalt, CO is $1,250,000 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has held steady at or around 47. Click here to stay informed with the Basalt market!

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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Basalt market.
Median List Price $1,250,000
Per Square Foot $425
Days on Market 209
Price Decreased 21%
Price Increased 2%
Relisted 6%
Inventory 47
Median House Rent
Most Expensive $5,950,000
Least Expensive $598,000
Market Action Index
Slight Buyer's Advantage
27

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

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
$2,995,000 4,268 1 - 2.5 acres 4 4 22 1 0 189
$1,647,000 3,945 2.5 - 5 acres 4 4 23 2 1 337
$1,125,000 2,822 0.25 - 0.5 acre 4 4 22 0 0 133
$889,000 2,870 6,500 - 8,000 sqft 3 3 28 1 0 175