It’s no secret that Colorado resort markets haven’t exactly had stellar performances the past few years. Sales volume is no where near what it was before the Great Recession started. What people find hard to believe is that there is still a lot of Steamboat real estate changing hands. In Routt County, which has a year-round population of roughly 20,000 people, over $450 Million in real estate changed hands last year through 1398 transactions.
Here is a chart that shows the gross sales transactions from 2004-2011. It tracks the real estate bubble as it forms and bursts. Interestingly, the last three years are fairly flat in most of the resort markets, so it will be interesting to see how many more years will remain flat before volume increases.