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Steamboat Springs Real Estate Year End Update

By
Real Estate Agent with Colorado Group Realty, LLC

Across the Rocky Mountain region, resort real estate has not been affected by the nationwide housing slowdown.  In fact, 2007 was a record year for real estate sales in Steamboat Springs, Colorado.

Steamboat Springs real estate dollar volume increased 48% in 2007 to $1.3 billion--an all time record real estate year.

Steamboat Springs real estate transactions increased 10%.  (It would have been more, but Steamboat's inventory of available housing for sale was low.)

Here is the breakdown for different types of Steamboat Springs real estate:

The median price of a Steamboat Springs Single Family home rose 29% to $850,000.

The median price of a Steamboat Springs Condominium increased 23% to $349,000. 

The median price of Steamboat Springs vacant land was $556,000.  The number of transactions continues to decline as Steamboat Springs becomes more "built out" and vacant land becomes a rarity.  Here is the breakdown:

  • 2005--516 transactions for Steamboat Springs vacant land
  • 2006--430 transactions for Steamboat Springs vacant land
  • 2007--400 transactions for Steamboat Springs vacant land
For more information on Steamboat Springs, Stagecoach, North Routt, Oak Creek, and all of Routt County, Colorado, please visit SteamboatHomeSales.com or call Eliese Pivarnik at (970) 819-6372.

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