March Market Indicators


Low inventory continues to be the headline story in Routt County - and nationwide. The real estate market is still moving at a dizzying pace and is showing no signs of slowing down. There continue to be multiple offers on homes that go on the market and for above asking price. Prices remain high as well: the average residential sales price was $1,150,776. In March, homes in Routt were active in the MLS for a median of 14 days, 50 days fewer than last year and 1 day less than last month. 
 
Below is a link to the full report utilizing data from actual recorded transactions at the County Clerk and Recorder’s Office. 


Key highlights include:
  • Routt County had a total of 174 transactions in March, up from 99 last year - a 75% increase.
  • There was $127,401,573 in total sales (up 105% from 2020).
  • Of the 174 transactions, 83 were local buyers, 32 were front range and 59 were from out of state.
  • There were 96 residential transactions in March with an average residential price of $1,150,776.
  • The average Residential PPSF was $483.
  • There were 10 new unit sales in March with an average price of $895,410 and a $505 PPSF
  • There were a total of 278 loans in March 2021, with 43% of purchasers closing with financing at the time of sale, and with 57% closing with cash. 
  • There were 212 refinances.

For more information on real estate or Steamboat Springs in general please don't hesitate to call or email me at 970.819.5581 or sarah.peterson@steamboatsir.com