Basalt market report

basalt SINGLE FAMILY HOMES - CURRENT ACTIVITY

YTD 2020 - As of 11.13.20

 
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HISTORICAL SINGLE FAMILY HOME SALES in basalt

2004 - YTD 2020

Here we see the legendary dip in sales activity in 2008 through 2011. Low prices created a surge in activity in 2011 and 2012. Since 2013, we’ve seen average of 65 to about 80 single family home sales per year. So far in 2020, we’ve seen 85 single f…
Average sold prices have slowly but steadily risen since 2012 and in 2020, are back up to about what they were in 2006.
 
Like average sold prices, the average price per square foot in single family homes in Basalt has steadily risen since 2012. There was a sizeable jump in values in 2020 compared to 2019.
Since 2012, the average days on market (DOM) has hovered around 180 days, which is about 6 months. There are shorter and longer sales periods, but most sellers in Basalt can expect to list single family homes for about 6 months.
 
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BASALT CONDOS, TOWN HOMES & DUPLEXES - CURRENT ACTIVITY

YTD 2019 - As of 11.13.20

 
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HISTORICAL CONDO, TOWN HOME & DUPLEX SALES IN BASALT

2004 - YTD 2020

While there was a dip in 2018, the quantity of Basalt condos, duplexes and town home sales have risen again. So far this year, there have been even more sales than last year, evidence of the flurry of activity brought on by the COVID-19 pandemic.
Just like with single family homes, Basalt condos, duplexes and town home values have steadily risen and have doubled since 2012, from an average of $318,000 to $817,000 in 2020. The dramatic increase is likely due to the popularity and new inventor…
 
Like Average Sale Price, the Average Sold Price per Square Foot for Condos, Duplexes and Town Homes in Basalt steadily risen since 2012, surpassing even the highest values in 2008.
Since 2009, the average days on market (DOM) for Condos, Duplexes and Town Homes in Basalt has remained predictably at about 150 to 200 days, about 6 to 7 months.
 
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Curious what your home may be worth during these interesting times? Contact Sara today for a complimentary home valuation.