Hot Market Trend
Steamboat Real Estate Market
From Denver to Steamboat Springs, the market is heating up
DENVER – Real estate and mortgage experts in Denver say houses across the state are selling fast, in some cases, in just a few days.
Denver is experiencing a truly hot market. This surge can be attributed a low supply and job growth in the region. Many home owners are happy where they are — they are financially sound, may have refinanced with a great rate, and have no desire to leave.
Many of listings are getting multiple offers and sell immediately. Buyers are advised, if you see something you like, make a move quickly, because if you don’t, you might miss your opportunity
The most in-demand price range for buyers right now is anywhere in the $200,000 to $350,000.
If a home goes up for sale, and it’s priced right, experts said sellers are looking at an average of eight offers within two to three days.
While the Steamboat Real Estate Market is not experiencing the same hot market as Denver yet, we believe that our market will follow this trend as our inventory continues to shrink and there is very little new construction to meet the demand.