Pending Steamboat Springs, Colorado Real Estate up.
Six days ago a bright light flashed in my brain. Real Estate in Steamboat was changing. Not literally, but something was going on that made me draw a conclusion. I wrote a blog about the noticeable increase in activity within the real estate market in and around Steamboat Springs, Colorado. See that blog here. And today, I realize this trend continues. It was a few weeks ago that our pending sales were around 60 properties. That’s a rather low number considering we have 2,097 properties for sale in Steamboat Springs.
We typically see activity increase over the summertime as kids are out of school and tourism increases around this great community. It appears this summer the real estate market in Steamboat is beginning to show signs of a traditional market; a little more predictable than the last 3 years. Today, pending sales are up around 30% in Steamboat Springs from just a few weeks ago. I’m not saying the real estate market is hot here in Steamboat, but as a full-time realtor here at High Mountain Sotheby’s Realty, I’d have to say we are seeing very encouraging sign of an improved real estate market.
The list of properties is another telling sign that the roller coaster of the past just might be in out rearview mirror. There’s a wide range in properties: single family homes, townhomes, condos, and price ranges varying from $14,500 to $2,450,000. And it’s not just loaded with foreclosed and bank owned properties. Unfortunately, Routt County is still seeing several foreclosures and short-sales, but it seems to be slowing some and those great deal are being absorbed.
Give me a call should you want to talk more about this change.