Steamboat Springs, CO Real Estate and Community Blog

Anyone looking to buy or sell Steamboat real estate knows our market is hot, hot, hot. However, a few out of town buyers are asking how the new credit situation will affect Steamboat.

Without the benefit of a crystal ball, I have to say the fundamentals behind purchasing Steamboat real estate a month ago are still valid today:

• We have historically low inventory.
• We are in a very desireable location where many people want to live.
• Since Intrawest purchased the ski mountain, we have a much bigger pool of buyers looking to purchase in Steamboat.
• All new developments on the mountain are luxury, high-end developments. They start at $800 a square foot.
• The high-end market is very strong nationwide.
• Interest rates are still historically low.

If you have been looking to buy Steamboat Springs real estate, this is a great time. In 3-5 years, our town and mountain village will be BRAND NEW. Even with the current credit situation, you could consider our current real estate market to be “pre-construction” pricing.