Even though 2013 December numbers were down from 2012 numbers, overall last year we saw improvements in the market. According to Melissa Gibson with Land Title Guarantee, “we ended 2013 up 4.1% for the year in gross volume and 8.67% up in transactions. 2013 was a good steady year overall and economists say that steady climb should continue this year. We’ve also seen some new construction activity which is always a great sign.”
Our average price per square foot was also up 4% – $253/ppsf compared to $244 for year end 2012. Bank sales were in line with 7 for December. If you compare that to the 27 we had in December 2012, we are definitely heading in the right direction!
Deed of Trust recordings were up in December with 133. 48% of purchase transactions had a deed of trust tied to them, while 52% closed with cash at the time of sale – same ratio as November.”
In addition to the above-mentioned markers, we are looking at a slight influx of pending sales across the board. Get to Steamboat and start shopping while interest rates are still good and prices are relatively stable!