Steamboat Market Statistics
Get the latest Steamboat Springs market reports below and stay updated with Steamboat market statistics. Whether you are looking to buy or sell the property, it is very important to understand current Steamboat real estate market statistics. If you are thinking about selling your Steamboat Springs property, give me a call and I will happy to discuss current real estate market statistics. Based on that, you can make an informed decision regarding the value of your home, expected time on the market, etc. If you are looking to buy a property in Steamboat Springs, it is very important to understand how is Steamboat Springs real estate market doing. Buying or selling real estate is one of the most important financial decisions you will make. I would love to help you make the right and informative decision.
Click here to see your instant Home Evaluation, or if you would like to get more detailed and accurate information about the current value of your home, please contact me and I will be happy to provide a free evaluation. If you would like to search properties for sale in Steamboat Springs, please click here.
Currently, if you’re looking for land, condominium, townhome, single family house or a luxury property, Steamboat is still one of the most affordable ski resorts in the State and continues to offer amazing opportunities for buyers and sellers.
Steamboat Springs has a population of about 13,000 and a density of 1,284 people per sq. mile. The average home in Steamboat Springs, CO is 27-year old which means it was built in 1990. While 65% of homes are owned, 35% are rented. Also, the median household income is $62,610.
Steamboat Springs real estate market in 2018
2018 was a great year for Steamboat Springs real estate market. After the acquisition of Steamboat Springs Ski Corporation by Aspen Skiing Co. many positive changes have happened in Steamboat Springs. IKON pass was just one of them. Many developers and investors have found that Steamboat Springs is a safe place for their next real estate investment.
The biggest challenge for Steamboat Springs real estate market was a low inventory especially in under $1M price range when it comes to single-family homes.
Single-family homes appreciated almost 10% in 2018 compared to 2017 to a median sales price of $814K, while condos/townhomes increased in value to a median price of $398K and appreciated 6%.
What to expect in 2019?
The turbulent stock market, lack of affordable housing and growing interest rates are impacting many real estate markets.
In Steamboat Springs we expect to see the market to level. Inventory levels are growing in some segments, but it is expected to have a lack of inventory in the single-family homes market under $1M. New developments like Sunlight, Trailside Village, Steamboat 700 are expected to help with low inventory challenges providing Buyers more options. However, the luxury market above $2M price range is expected to remain Buyer’s market.
In turbulent markets, it is very important to have an expert who understands real estate market statistics and can provide necessary market analyses.
I’ll be posting the latest Steamboat Springs market statistics, to keep you up-to-date. Please feel free to contact me with any questions you may have. I’ll be happy to help. 970-846-1574.
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Whether you are looking to purchase property in Steamboat Springs, CO or list your home for sale, it is important to understand market statistics. If you are wondering how is Steamboat Springs real estate market doing, give me a call and I will be happy to provide and/or discuss detail market statistics.