Search Steamboat Springs Homes For Sale
If you are looking to move to the mountains of Northwest Colorado, there is no better place than Steamboat Springs. Recently named by Ski Magazine as the “most authentic ski town in the USA”, Steamboat Springs offers an ideal location between the Yampa River Valley and the Routt National Forest, a year-round outdoor lifestyle, and a modern, small-town- feel with a unique blend of cowboy culture and powder culture.
But, if moving to the mountains is on your list of priorities, you need to know the facts about Steamboat houses for sale. Currently, many strong signs of economic growth abound in Steamboat Springs with new housing developments underway, such as the Flat Tops project close to the base ski-area and near the tennis center; additional flights being added to Steamboat Springs during the ski season so that more visitors can come experience our champagne powder; and more visitors coming each year both during the snowy winter months and in the cooler, sunny summer months. As a result, the spring real estate market in Steamboat Springs can experience pockets of low inventory and without a local real estate expert to guide you in your buying or selling process, you could miss out!
In order to find the best Steamboat houses for sale, you need to first start by finding the best local realtor, such as Sunny Brsitina of Steamboat Sotheby’s International Realty. Her 13 plus years of experience in all areas of real estate (buying, selling, investing) speak for themselves and her website lists all of the Steamboat houses for sale that she is currently offering. www.steamboathousesforsale.com.
Based on April, it is safe to say that as soon as the snow started melting the housing market starting to heat up. For example, if you look on the east side of old Steamboat in the historic neighborhood of Brooklyn, you will find a mix of houses in a very small compact area: smaller bungalows, medium-sized single family homes, and a growing number of newer homes being built on River Road along the Yampa. In early April, the home at 65 Agate Street sold for a whooping $950,000. It had five offers the first day it was listed, and it appraised.
Transactions for April are more evidence that the Steamboat Springs real estate market started off the spring market on a strong foot. For the week of April 6th-12th, there were 24 transactions for a total of over $14million in total sales. By the end of the month, the total transactions for April 26-May rd had jumped to 31, for sales totaling $17.5 million, and those numbers do not include timeshare properties.
Current Inventory- Steamboat Houses For Sale
According to Realtor.com, the current inventory of Steamboat houses for sale is at 578, but that includes: condos, townhomes, estates, ranches, single-family homes, and some plots of land. Price points for these various types of homes range from $100,000 to over $4million and higher with the median listing price of Steamboat homes for sale, hovering around $558,000, or approximately $344 per square-foot.
The median price point for Steamboat homes for sale has been steadily climbing over the past few years, attesting to growth of Steamboat Springs’ economy and escalating home prices. In 2016, the average price point for Steamboat homes for sale (median listing price) was only $400,000. One year later in 2017, the median listing price for Steamboat homes for sale had already climbed to about $440,000, but in the last year, that median listing price has jumped up over $100,000, both increasing the price per square-foot of homes in Steamboat Springs, AND further taxing an already low inventory.
Single-Family Home Prices Push Up
The days of working households being able to purchase a reasonably spacious single-family home in the $400,000-$450,000 range seem to be over. High demand on the Steamboat housing market has been pushing the price of Steamboat houses for sale up for the past few years and now we are seeing those same single-family homes pushing up into the $600,000 plus bracket.
With more people desiring to move to the mountains and Steamboat Springs gaining more exposure year after year, numbers are growing in terms of people and interest, but struggling to keep pace with the many growing demands of an increasing local population, more visitors per year, more business moves at the Resort, and more expansion of local businesses.
With the Steamboat Springs Real Estate market experiencing such a productive April, and low inventory being an issue, now is the time to make your move to Steamboat so that you can capture the best Steamboat houses for sale before they are all gone.
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