Routt County | How's the Market | October 2023

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HOW'S THE MARKET

Steamboat/Routt County | October 2023


ROUTT COUNTY MARKET STATS Residential Only (MLS) | 2022 vs 2023 (Month of October)

14%

3%

2%

Closed Transactions

Sold Dollar Volume

2022 :: 58

2022 :: $94.6M

2022 :: 95%

2023 :: $97.1M

2023 :: 97%

17%

5%

2023 :: 66

-5%

Sale/List Price

Average Sales Price

Average Price/ Sq.Ft

Average Days on Market

2022 :: $1.54M

2022 :: $623

2022 :: 43

2023 :: $1.47M

2023 :: $732

2023 :: 45


ROUTT COUNTY MARKET STATS Residential Only (MLS) | 2022 vs 2023 (YTD - 1/1 through 10/31)

-22%

Closed Transactions 2022 :: 656 2023 :: 509

3%

-20%

-2%

Sold Dollar Volume

Sale/List Price

2022 :: $896M

2022 :: 99%

2023 :: $716M

2023 :: 97%

3%

58%

Average Sales Price

Average Price/ Sq.Ft

Average Days on Market

2022 :: $1.36M

2022 :: $687

2022 :: 33

2023 :: $1.4M

2023 :: $710

2023 :: 52


ROUTT COUNTY TOTAL ACTIVE INVENTORY Residential & Land (MLS) | On November 1st of each year 5-Year Comparison 900 800 700 600 500 400 300 200 100 0

897

388 2019

509

536

181

355

284

2020

124

160

329

2021 Total

Residential

157 2022

Land

172

319

136 2023

183

-13% 2022>2023 Residential Only


ROUTT COUNTY NEW LISTINGS VS PENDING SALES Residential & Land (MLS) 140 130 120 110 100 90 80 70 60 50 40 30 20 Oct 22

Nov 22

Dec 22

Jan 23

Feb 23

Mar 23

Apr 23

New Listing

May 23 Pending

Jun 23

Jul 23

Aug 23

Sept 23

Oct 23


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