Steamboat Real Estate Prices--They're UP 6%

The Steamboat real estate market continues to defy the national housing market’s doom-and-gloom headlines. Prices from June 2007 to June 2008 are up over 6%. In fact,

• The Average Transaction Price for Steamboat Springs real estate is reported to be $719,799 a 6.25% increase over the average transaction price for the same time YTD last year.
• Median Transaction price for Steamboat real estate is also up from $389,000 to $400,000 compared to the same time YTD last year.
• 57% of the Steamboat real estate Residential Improved Units Sales for June were in the $1 Million and above price range, compared to only 45% last June.
• Over $100,000,000 in Steamboat real estate was sold in June 2008

What does that mean for buyers interested in Steamboat real estate?

Our market has definitely slowed as some buyers take a wait-and-see attitude toward the economy. On the flip side, we have more inventory to choose from so you can look around and find exactly what you want.

Savvy buyers purchase real estate (or stocks, or whatever) when market conditions slow down. Last year, sellers set prices, but this year buyers have more negotiating room.

If you’d like more information on Steamboat’s real estate market, call Eliese at 970.819.6372 or Jon at 970.819.6930 for a more in-depth analysis

SteamboatHomeSales.com

Thank you Bruce Carta from Land Title for providing the stats.