Steamboat Springs Sees Another Record Month in Real Estate Activity in part due to COVID-19
Tuesday, November 24, 2020
Where are all these Steamboat home buyers coming from?
Recent showings of my equestrian - recreational property on the road to Steamboat Lake were younger families from southern states. They tend to have middle school - high school aged kids and are looking for a place to play outdoors with access to public lands, privacy from neighbors, and the possibility of moving here permanently. You can take a virtual tour of Phantom Springs Ranch here.
With Increased Demand Comes Increased Home Values
In 26 years of real estate I didn’t do many sales in excess of $1M. In the past 60 days from this post date, there have been a total of 32 pending and closed sales for single homes over $2M. The average price of a home in Steamboat Springs is now $1.4M up 18% since this time last year, here are the home sales in the past 30 days. Low inventory, cost of land, high construction cost and high demand since COVID-19 continues to drive up prices.
During October, residential properties in Steamboat Springs went under contract in 15 days on average.
Lets Break another Record
My actual wish is to see a record year of snow, this last couple months of home sales is concerning because its not always a good thing to grow too fast, but always a good thing to see abundant powder. See Steamboat’s snow alarm.
Dean Laird, Broker/Owner, Colorado Group Realty, LLC, Steamboat Springs Colorado
