Good News in Steamboat Springs – Building Permits Up
It’s been a while here in Steamboat Springs since we’ve had good news on the building permit front, but the first quarter of 2012 finally brought some good news to the Steamboat Springs’ real estate market and undoubtedly to the local construction, architect and interior design industries as well.
So just how good is the news? $4.8 million good with the addition of two Steamboat Springs’ building permits in March for single family homes with a combined valuation of $2.42M. Keep in mind that permit values are always less than the final cost of a home.
For comparison, since I know some people are wondering how a ski resort town like Steamboat Springs could “only have” new building permits of $4.8M on record as we head into the spring building season:
* 2011 first quarter had 1 Steamboat Springs’ building permit with a valuation of $1.13M within city limits.
* 2010 first quarter had 2 Steamboat Springs’ building permits issued for new homes with a valuation of $4.08M total within city limits.
I tend to look on the glass half full side of things and with pending sales numbers up, Steamboat Springs’ home inventory down in some price segments, and now a jump (small, but still a jump) in home building permits, I’m optimistic about the Steamboat Springs’ real estate market.