What does the start of September mean for the real estate market? The Colorado Association of Realtors’ most recent market snapshot shows last month’s single family home and townhome/condo median sales price is up across the board year-to-date. A new Pew Research Center report details the one generation of Americans who have fully recovered from the housing crash a decade ago. And a Zillow Research report from last month explains when they believe it will be a buyers market!
Midvalley (Basalt, Willits, El Jebel) was a more mixed bag with transactions per month down 21% versus last year but gross volume (total sales amount) up 8.8%. The total year to date transactions are up by almost 13% over 2017, pointing to tighter inventory but solid overall sales. The numbers are taken from current July 2018 records from Pitkin, Eagle and Garfield Counties.
The Garfield County (Carbondale to Glenwood Springs and westward to Rifle and Battlement Mesa) picture in July 2018 was much better with sales, volume and YTD statistics up across the board. Gross volume was up 31%, transactions up just 1% (169 vs. 167), gross volume YTD up 12.5% and YTD transactions up 10%.
Contact Gareth for more information about how these trends could work in your favor whether you’re a buyer or a seller!