The Steamboat Springs real estate market experienced a strong rebound in 2024, with total sales volume reaching approximately $1.17 billion—an increase from $1.03 billion in 2023. Residential property prices have risen, while land prices have declined, likely due to the sale of smaller parcels.
Despite challenges such as limited inventory and high interest rates, buyer confidence remains strong, fueling a competitive market. Well-priced homes continue to attract multiple offers, though certain areas, like rental-restricted zones, are seeing longer listing times.
Additionally, a growing interest in alternative locations, such as Hayden, suggests buyers are seeking affordability while remaining active in the market. This adaptability highlights the continued strength of real estate as a solid investment, even amid economic fluctuations.
Want to chat more about the Real Estate market? Give us a call! Cam Boyd: 970-846-8100.
