August 2015 (Gunnison, Crested Butte & Lake City areas)
New Listings were up 34.5 percent for single family homes but decreased 14.3 percent for townhouse-0condo properties. Pending Sales decreased 93.3 percent for single family homes and 78.1 percent for townhouse-condo properties.
The Median Sales Price was up 15.0 percent to $425,000 for single family homes but decreased 13.5 percent to $179,500 for townhouse-condo properties. Days on Market increased 12.1 percent for single family homes but decreased 3.5 percent for condo properties.
Statistics released by the U.S. census Bureau and the Department of Housing and Urban Development indicate that privately-owned housing starts in July 2015 rose 10.1 percent compared to last year to the highest level the market has seen since October 2007. This bodes well for the eventual landing of a flock of potential buyers currently holding in a rental pattern. As ideal summer weather diverges toward autumn, we will begin to see some seasonal relaxation, but the market should still look positive when compared to last year.
