Steamboat Springs real estate is different this February as compared to February a year ago. Last year, Intrawest had just announced they were buying our ski mountain. Real estate was selling so fast that investors would buy property before they saw it just to get something. Financing was as easy, and the economy looked bright.
This February is a bit slower, but prices haven't come down. Steamboat still has a rosy future. Our base village will be demo'ed in the spring and a new one will be built. People want to live here. They want to raise their children in Steamboat where schools are good and streets are safe.
Here's the difference a year makes:
- Prices for Steamboat Springs real estate are going up.
- Median Sold prices rose from $351,000 to $413,000
- Number of properties sold has declined.
- Total units Sold declined from 58 to 33.
- Houses, condos, and land are taking longer to sell--almost two months longer.
- Days on market rose from an average of 142 to 191.
- Deals are out there--go ahead and make an offer.
- Median Sold price compared to Median List price declined from 99% to 91%.
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