Steamboat Springs, CO -
That’s the question most asked of real estate agents. In Steamboat, the easy answers are “It’s on fire!” or “There’s no inventory.” On the surface, those answers are true as total sales volume is up 24% from this time last year and months of inventory have decreased significantly the last two years. In order to really answer the “How’s the market?” question accurately, it takes more analysis.
With lower priced inventory lacking and an abundance of high priced properties, this represents an amazing “move up market”. For example, if you’re a seller with a property under $1M, you’re in a segment that lacks inventory and continues to experience rising prices; now may be a great time to sell. If you’re a buyer of a property over $1M, there are more active listings now than a year ago, allowing buyers to get more value on higher end properties. Feel free to contact your CGR agent to discuss specifics of your situation.