How is Steamboat Springs real estate market doing? Here you will find info about 2018 market statistics in Steamboat Springs. As one of the best ski resort towns in the USA, Steamboat Springs continues to be the favorite destination for many. I often hear saying: “I came here for the winter, and stayed for the summer”. World Class skiing, famous Champagne Power, great schools, community feel, year-round activities that keep the entire family occupied, are just some of the reasons people come to visit beautiful Steamboat Springs, CO. Raising kids among Olympians and being a part of such a wonderful community, is an honor and privilege. No wonder so many people would like to move to Steamboat and enjoy the beauty Steamboat has to offer.
If you are thinking about moving to Steamboat Springs, here are some facts about Steamboat Springs real estate market statistics.
- Total $ sales volume for residential properties was up 6% in 2018 compared to 2017.
- Single-family homes appreciate almost 10% and reached a median price of $814,000.
- Condominiums and townhomes appreciated 6% and reached a median price of $398,000.
- Land sales volume was slightly up in 2018 compared to 2017.
Currently, the biggest challenges when it comes to real estate market are:
- Low-income housing
- Growing interest rates
- Turbulent stock market
In Steamboat Springs we expect the market to level. We are still struggling with low inventory when it comes to single family homes under $1M.
Fewer new developments will provide Buyers with more buying options. When investing in real estate it is always very important to stay informed with the latest market statistics.
If you are thinking about buying a property in Steamboat Springs, take the advantage of today’s technology and free service to receive the monthly e-newsletter, stay updated with Steamboat Springs real estate market and learn about which properties are the best options to buy in the current market. Don’t miss your dream property that just got listed for sale. Sign Up on my website www.SteamboatHousesForSale.com or contact me at [email protected] or 970.846.1574 to receive free new listing updates.
Your Happiness Is My Motivation
Sunny Brstina | Steamboat Sotheby’s International Realty
Real Estate Broker | 970.846.1574| sunny(dotted)steamboat(at)gmail(dotted)com
Website:www.SteamboatHousesForSale.com