Pending Real Estate up 30% in two weeks in Steamboat Springs
I wrote a blog a week ago about the noticeable increase in activity within the real estate market in and around Steamboat Springs, Colorado. See that blog here. And today, as I browse the MLS in Steamboat Springs, Colorado, I realize this trend continues. It was a few weeks ago that our pending sales were around 60 homes, town houses, condos and land. That’s a rather low number considering we have 2,097 properties for sale in Steamboat Springs. We’ve stayed pretty consistent around that 2,000 number over the last few years.
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 two 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.