On the market: February gross volume slumps to $12,071,300
April 12, 2009
February gross volume slumps to $12,071,300
The gross dollar volume of real estate transactions in Routt County in February slumped to $12,071,300, the lowest monthly dollar volume for any month of the year since February 2004.
February’s total represented just 20 percent of February 2008, when the number of $59.8 million, according to statistics researched at the Routt County Courthouse by Bruce Carta, of Land Title Guarantee.
Closings in the second month of the year likely were driven by contracts written during the holiday period.
February 2009’s unit volume was 47 transactions compared to 109 in February 2008. During the preceding five years, Routt County had not seen any month with fewer than 100 transactions until March 2008.
Residential home sales add up to 16 in February
The 16 residential sales that closed in February totaled $8.8 million. Of the total, $3.7 million, or 42 percent, was generated by three transactions in the price range from $1 million to $1.5 million.
Three more homes priced between $700,000 and $800,000 produced an aggregate value of $2.175 million. In terms of unit volume, homes priced between $200,000 and $500,000 saw the most activity, with seven sales totaling $2.2 million.
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Home buying classes begin Monday at CMC
Realtor Susana Field will moderate a series of four evening classes on becoming a savvy home buyer, from 6 to 8 p.m. Monday, Thursday, 27 and 30, in Room 118 of Bristol Hall at Colorado Mountain College in Steamboat Springs.
The class subjects include: Monday, Bruce Carta, Land Title Guarantee, with “Why should I buy?”; Thursday, Kathryn Pedersen and Holly Rogers, of Yampa Valley Bank, on obtaining a mortgage; April 27, Jane Denning, of Lawyers Title, and Jim Yannaccone, of ASI Appraisal Services, on understanding the fine print; April 30, Greg Pohlman, of Complete Home Inspections, Todd Wichelhaus, of Stewart Title, and Holly Rogers, on avoiding a lemon.
Register with Field at 846-3728.