The arrival of summer in Steamboat Springs has brought about increased activity in the real estate market. While there has been a decline in both the overall sales volume and the number of listings sold compared to the previous year, there is notable growth in the average price per square foot , which has risen by 28%. Additionally, the median sales price is up significantly and has surpassed the $1 million mark . Although there has been a notable increase in days on market compared to last year, it still remains a very fast moving market with median days on market at just 18 days, lower than previous years.
STEAMBOAT’S RESIDENTIAL SALES BAROMETER 98 $780 JULY 2023 PENDING LISTINGS – 2023 PRICE PER SQ FT – 2023 200% $318M SALES VOLUME – 2023 CHANGE FROM 2022 -40% -41% 28% CHANGE FROM 2022 CHANGE FROM 2022 226 18 # LISTINGS SOLD – 2023 MEDIAN DAYS ON MKT – 2023 CHANGE FROM 2022 CHANGE FROM 2022 $1.1M MEDIAN SALES PRICE – 2023 CHANGE FROM 2022 201%% -33% -4%
POST & BEAM
ACTIVE RESIDENTIAL LISTINGS – JULY 1, 2023 153 CHANGE FROM 2022 Breathe in what’s next.