Steamboat Springs, CO Real Estate Appreciates 40%
If you bought real estate on the mountain before January 1, 2007, it is likely that your property has appreciated 40% in only six months. Mountain condominiums especially have seen this mind-boggling appreciation.
Why are prices so high?
Several reasons account for the dramatic increase:
- Intrawest announced they were buying the ski mountain late December, 2006
- The Base Area Development plan announced a new base village and new mountain improvements
- Our listing inventory is at an all-time low
- New development projects won’t be finished for two years
The good news is:
- Steamboat is still the most affordable ski resort to buy real estate–even since the increase!
- There is still plenty of growth potential
- We’re getting a huge resort remodel–interest in Steamboat will only increase once the work is done
Any questions? Email me and I’ll be happy to send you specific information.
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Posted: June 20th, 2007 under Investment Info.
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