2023 Luxury Outlook_SSIR

Page 1

AViewFrom Steamboat SIR

Despiteinterestratehikes, demandfor luxury homescontinuesas peoplespendmoretime athomethanever before.

HereinSteamboatSprings, the market was somewhat normalized last year fromthe frenziedstateof what we sawin2020 and2021. however thedesiretoownproperty in

RecentMarket Movers

BEINGADESIRABLESKI RESORT MARKETWITHVALUESONLY CONTINUING TOAPPRECIATEAS STEAMBOATRESORTGROWSAND IMPROVES, INVENTORY REMAINSLOW.

our resortmarketmaintainedan THE STEAMBOATLUXURYRESIDENTIAL increasedresidentialmediansale MARKET ($3M+)ISLESSAFFECTEDBY priceof24% to$927,000 withonly a NATIONALECONOMIC TRENDS, slight13% decreaseinoverall REFLECTEDBYA23% INCREASE IN residential salesvolumeto$1.04B 2022 IN RESIDENTIALSALESDESPITE and31% decreaseinnumber of sales THE OVERALLNUMBER OFSALES (739), accordingtotheSteamboat BEING DOWN YEAR OVER YEAR. SpringsMultipleListingsService.

READMOREABOUTSTATSIN THE LUXURYREALESTATE MARKETAT SOTHEBYSREALTY.COM.

2 Luxury Outlook 2023 24%
inMedian ResidentialSalePrice
Increase
SKY RIVER RANCH SOLD FOR$13,280,000 Listed by Adrienne Stroock & Barb Shipley Steamboat Springs,CO Perched overlooking the Elk River Valley, the exquisite custom residence exudes quality and craftsmanship, striking the perfect balance of luxury and function, creating a modern oasis.

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.