Is the Steamboat Springs Real Estate Market Getting Better?
Is the Steamboat Springs Market Getting Better?
According to Inman News, for the 7th month, national home prices of non-distressed properties have declined. But those are nation numbers. Remember, real estate is local. Entry-level homes in Steamboat Springs are selling well, and there has been a resurgence in many luxury homes around Steamboat as well. We’ve seen increased sales across the board, with the most desirable homes being entry-level homes in close-in neighborhoods such as Fish Creek Falls area, the Mountain area and even a strong uptick in Old Town.
So, what’s different this time? Is this just an uptick on the graph that will quickly be pulled down by the shadow inventory and new distressed sales of foreclosed home? Or are we truly pulling out of the mire of dismay and dismal market we have suffered through for four years?
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