Another wild month leads to yet another jaw dropping report. October closings in Routt County totaled an astonishing $185M, an enormous increase from last October’s solid $76M. The record month puts total market volume up 45% year over year. In October in Steamboat, residential properties went under contract on average in a mere 15 days. Just five short years ago, sellers waited closer to 100 days for their properties to go under contract. The 132 current listings is a steep decline from the 400 listings that were available in the summer of 2019 when there was balance between buyers and sellers.

Steamboat now has only 1.7 months of supply, just a tad above the rest of Colorado which has only 1.4 months available. Steamboat Resort recently delayed the start of the ski season due to lack of snow but is still is making every effort to open on December 1. Clearly COVID will continue to spur a significant boost in the number of people seeking refuge and adventure in the Yampa Valley. Even with imposed limitations of skiing, Routt County is a winter wonderland with snowshoeing, cross-country skiing, sledding, snowmobiling, ice-fishing and even dog-sledding!

Note: October 2020 statistics provided via the Colorado Association of Realtors, ShowingTime & ReColorado.