After a very tough and trying 2009 for sellers in the Steamboat Springs market, things seem to be coming around and buyers are taking advantage of the lower prices, low interest rates and the high amounts of inventory. While some of the recent volume has been reflective of delayed closings from 2007 and 2008 pre-sales for the larger projects such as Edgemont, One Steamboat Place, and Wildhorse, there is also a noticable increase in the amount of pending contracts on other product.
Here are a few items that I thought you may find interesting:
• Total Sales Volume for the month of February 2010 is 267% over the volume from February 2009.
• Units Sold are up 165% from February 2010 compared to February 2009.
• YTD Volume is up 228% compared to the same period in 2009.
*Data provided by Bruce Carta from Land Title.
For more information about the details of our market feel free to contact me anytime.
Brian Ladd
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