2023 STEAMBOAT SPRINGS Real Estate Market

National headlines show home values dropping. But in Steamboat Springs, 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.

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

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