Market Report

Basalt, CO

Single-Family Homes

www.titlecorockies.com



Basalt, CO

Sat Aug 17 2019
This week the median list price for Basalt, CO is $1,200,000 with the market action index hovering around 23. This is less than last month's market action index of 24. Inventory has held steady at or around 65. 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

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Basalt, CO

Sat Aug 17 2019
This week the median list price for Basalt, CO is $1,200,000 with the market action index hovering around 23. This is less than last month's market action index of 24. Inventory has held steady at or around 65. 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

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Basalt market.
Median List Price $1,200,000
Per Square Foot $438
Days on Market 177
Price Decreased 34%
Price Increased 0%
Relisted 0%
Inventory 65
Median House Rent
Most Expensive $14,900,000
Least Expensive $598,000
Market Action Index
Slight Buyer's Advantage
23

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
$2,874,500 4,390 2.5 - 5 acres 4 4 25 0 0 181
$1,545,000 3,568 1 - 2.5 acres 4 4 24 0 1 288
$1,142,000 2,790 0.25 - 0.5 acre 4 3 29 2 1 141
$839,000 2,592 6,500 - 8,000 sqft 3 3 30 1 0 102