Steamboat Springs Real Estate - National Headlines vs Local Trends

National headlines show REAL ESTATE values dropping. But in Steamboat Springs, and other appealing towns, we're not seeing these drops. One thing resonates post pandemic - There are places people are leaving and places where people are going. And people are coming to Steamboat Springs, Colorado.

I’m excited for Steamboat. I’m excited for the capital investment in the mountain resort. I’m also encouraged by the seemingly durable phenomenon of remote work. Steamboat is still an amazing place to live and others are figuring that out as well.

There’s a lot of negative headlines regarding the real estate market these days. But I’m here to provide some real data to help answer your real estate questions.

Change is not easy. And we’ve just been through some of the biggest real estate changes this country has ever experienced. We’ve seen home values skyrocket. Interest rates double seemingly overnight. These boom/bust talks are gaining traction.

Today, a lot of Seller’s are living 12 months in the past (when prices were rising 2-3% a month)
And a lot of Buyers are living 12 months in the future (where they are hoping to see homes prices dropping 2-3% a month)

But neither is accurate. The most recent data shows, we’re in a balanced market. I’m encouraged because buyers and sellers can make wise decisions. The urgency of the pandemic purchases is over and this market now allows time to shop, negotiate, inspect and otherwise make a more sound decisions compared to the last couple years.

• Sold properties Jan-Feb (2022= 114) (2023=84) Sales are down from last year but it’s more in line with 2017, 2018, and 2019.
• Pending sale down 34% year over year. Pending sales are low because we don’t have inventory to sell. If we had more listings, there would be more transactions.
• Median Days on Market Jan-Feb (2022= 29) (2023=54) DOM are down from last year but it’s more in line with 2017, 2018, and 2019.
• Median Sales Price for all properties Jan-Feb (2022= $745,000) (2023=$745,500)
• Asking price to sold price (2022 = 100%) (2023 =95%)
• Active listings are up 14.3% recently (but still historically low)

Charlie Dresen | The Group Real Estate
charlie@SteamboatsMyHome.com
970-846-6435
#steamboatsprings #steamboatspringsrealestate #steamboat

Видео Steamboat Springs Real Estate - National Headlines vs Local Trends канала SteamboatsMyHome.com