Our local Steamboat Real Estate market generally follows the national market by 1-2 years. In reality we follow the markets our buyers come from. The Front Range of Colorado makes up about 50 percent of our non-resident owners / buyers and they have been recovering since early 2011. The other half comes from the markets we see recovering in the chart above with a strong emphasis on places like Houston, Minneapolis, Florida, New York & it's suburbs, California and more. Each of these areas including many parts of Florida are also seeing recovering to strong markets. I talk to clients in each of these areas on a weekly basis and they bring this up as a reason they are looking for a place to start with or their next home that meets their future needs in Steamboat. I can't time it exactly but most signs say we are on our way to a recovery in the Steamboat Real Estate Market if we haven't started one already.
Dollar Volume wise we are up 6.29% 2012 YTD in Steamboat vs 2011 YTD (year to date). Five of seven months have been up so far this year. Click here for the rest of the Steamboat Market Stats.
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