Steamboat Real Estate Home Search and Blog

Read Is It Time to Buy a Steamboat Vacation Home? (Part 1) here.

There are some serious bargains in Steamboat right now.

A recent NAR (the National Association of Realtors) survey reports that the median sales price of a vacation home nationwide is down 23%.  I’m not sure what the actual percentage is in Steamboat, but I’ve been showing some properties lately that are listed at prices 10-15% below what they sold for in 2006. One was a stunning must-see luxury duplex with a Rollingstone Ranch golf club membership priced 25% less than the smaller one next door.

Combine the low prices with with the current low interest rates, and you can get a nicer Steamboat property than you probably thought you could.

While prices might go lower, interest rates are probably as low as they are going to go.

Steamboat real estate is a solid long-term investment.

The NAR survey says speculator sales are down from 29% to 16%.  People who are buying in Steamboat want the Colorado resort lifestyle, not the ability to flip their place in a year and make money.  The buy-and-hold folks are the backbone of our community. They buy a place to share with t

Read Invest Like the Pros in Steamboat real estate.

You Can Rent your Vacation Home

Whether you rent your Steamboat Springs vacation home yourself or use a property management company, you can recoup some of the expenses related to owning a second home.  Rental income will generally cover HOA’s and possibly utilities.  Depending on the property, the management company, the number of days your property is rented and the location, the rental income could be significant.

Renting by owner through sites like vrbo.com is an alternative for those who prefer a more hands-on approach to renting.

Read Top 7 Ways To Maximize your Rental Income

Avoiding the “herd” mentality to buying real estate will pay off in years to come.  Once buyers start coming back into the market (and it’s starting to happen here in Steamboat), the inventory will go back down and the prices will go back up.  The window of opportunity will close quickly, and plenty of buyers will be wishing they had bought in the spring of 2009.

If buying real estate in Steamboat is something you’ve been considering, you owe it to yourself to come on out and look at available properties.

Call us at (970) 819-6372 or contact us to learn more about the Steamboat real estate market or look at property.