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:
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.
- 2005--516 transactions for Steamboat Springs vacant land
- 2006--430 transactions for Steamboat Springs vacant land
- 2007--400 transactions for Steamboat Springs vacant land
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