Steamboat Springs Real Estate Market Report
Similar to the Case-Shiller Home Price Index, the Steamboat Springs real estate remains relatively flat. But not flat in comparison to last year. The activity in volume and transaction is up significantly from 2009 and 2008.
Another good item I want to point out is that August saw 9 bank owned sales for a total of $2,876,000. For September, Steamboat saw 12 bank owned sales for a total of $6,616,700. This is a pretty sharp increase. This increase, although unfortunate, is a healthy sign that the distressed properties, the bank owned properties are being absorbed and flushed through the system. Like I’ve stated in the past, bank owned properties hurt real estate values and until the amount of those properties declines, we will not see real estate prices increase in and around Steamboat Springs.