As spring approaches and promises that skiing may soon give way to biking, hiking, and golf, we Realtors have observed an exciting trend….an increase in buyers! If you are considering becoming one of those or offering your real estate for sale, here is some info you might find useful.
Inventory is still plentiful, and seasonal sellers are just beginning to prep their homes for the selling season. Currently, according to the Steamboat Springs BOR multiple listing service (where all statistics in this blog came from), there are 670 condos and townhomes on the market and 465 single family homes. The condo/townhome category contains 487 units located near the ski area and 80 in downtown Steamboat Springs. 37 single family homes are in the downtown Steamboat Springs area and 72 are listed for sale near the ski area. Thus far in 2010, 68 residential units have sold in the entire Steamboat area.
Buyers, you have two great things going for you…choices and cheap money.
Sellers, there is some good news for you, as well. Nationally, the economy is growing again and job losses are subsiding. Equity markets have restored some wealth to buyers and investors, and consumer confidence is improving. Locally, Bruce Carta from Land Title has compiled some compelling statistics. Total sales volume in February 2010 over February 2009 increased 267%. Unit sales for the same period are up 165% and year-to-date sales volume is up 228%.
Whether you are a buyer or seller, opportunities exist. For more details, call and let me help you realize your real estate goals.
Anne Mayberry 970-846-1425