In Steamboat, where home prices are escalating rapidly, it’s not enough to simply use recent comparable sales to determine a home’s list price. Without the volume of big cities, many properties offer limited comparables and also come with unique features.
Less than a year ago, The Reserves, a 48-unit affordable housing development on the west side of town, opened its doors to residents. It had a waitlist four times the size of the project and was the city’s first newly constructed low to moderate income ho
With the first half of the year in the books, it’s a good time to look at how the market is performing. A healthy year for real estate has only been held back by a lack of inventory. In Routt County, through June there have been 370 closed sales, down fro
A marked increase in direct flights from Steamboat Springs to U.S. hubs and global commerce centers is causing a surge in location neutral workers and businesses relocating to Routt County.
Summer in Steamboat is house selling season! Fortunately for buyers, our depleted inventory received a boost as 161 new listings recently hit the market. May is typically the month with the most new listings and that stayed true this year; nonetheless, th
Searching for a home can be a daunting prospect, especially when demand is high and supply is low. Navigating a buyer hungry market can be equally overwhelming for the seller. Planning is key and there are several things you can do to prepare for survivin
Buying a luxury home is like buying a luxury car, says John Shively, owner of Shively Construction. Like engine size and trim choices on a vehicle, the sky is the limit for amenities and finishes in a property.
Spring is in the air, as is the smell of fresh asphalt. Across Steamboat Springs, construction is underway on road repair and more importantly for the housing market, on a number of new developments and spec homes.
To help the economy recover from the 2008 recession and housing bubble, the U.S Federal Reserve has maintained a loose monetary policy, holding interest rates at historic lows and providing easy access to credit.
In most cities across the globe, spring is the time of year when the highest volume of properties hit the market. Steamboat is no exception and local buyers are hopeful to see significant supply added to help balance the high demand.
Historically, April and May are peak months for a high volume of houses going on the market, giving potential buyers several options. However, this spring might lack the traditional spike in the volume as inventory has been in decline for years.
Housing inventory in the Steamboat market is at a historically low level with just over 100 single family homes currently on the market within city limits.