There’s a mass migration occurring due to COVID-19, and with people escaping urban communities for homes with more space, real estate in second-home and rural markets is taking off. National patterns show that purchasers are looking for property in more rustic markets like Steamboat, and the explanation is straightforward. The pandemic has demonstrated more individuals can work out of their home office as productively as though they were in their city office. All in all, what’s a more sheltered, sound, and wonderful spot to live and work than Steamboat Springs? As more and more people answer this question for themselves, the demand is increasing substantially.
As we’ve seen in the course of the most recent couple of years, Steamboat’s real estate market has battled with an absence of stock. We’ve seen decreases year-over-year in the quantity of postings, be that as it may, we keep on observing increments in deals volume and median costs because of a general increment in property value. The market keeps on observing an upward weight on values because of this absence of stock – a classic supply vs. demand situation. In taking a gander at our latest market report with year-to-date information through July 31st, 2020, Pending Listings, or demand, are up an incredible 99% over a similar time a year ago, while Active Listings, or supply, are down 49% when contrasted with August 2019. This supply/demand inequality has held costs within proper limits, with our median sales price for residential sales up 20% over 2019.
AUGUST 2020
NUMBER OF LISTINGS SOLD – 373 – down 21% from the same time in 2019
MEDIAN SALES PRICE – $575,000 – up 20% from the same time in 2019
PENDING LISTINGS – 290 – up 99% from the same time in 2019
SALES VOLUME – $298,000,000 – down 10% from the same time in 2019
ACTIVE RESIDENTIAL LISTINGS – 261 – down 49% from the same time in 2019
SOLDS
1360 Indian Trail #2 – $162,000
1410 Athens Plaza #5 – $210,000
1385 Sparta Plaza Rho #7 – $210,000
2545 Cattle Kate Circle #3105 – $227,000
520 Ore House Plaza #B-105 – $250,000
2883 Burgess Creek Rd #203 – $274,000
2305 Storm Meadows Dr #212 – $287,000
35 Cedar Court – $314,000
1945 Cornice Drive #2435 – $318,000
2275 Storm Meadows Dr #20 – $320,000
259 6th Street #10 – $327,200
3180 Ingles Lane #D-5 – $351,000
360 Fox Springs Circle #304-6 – $410,000
1855 Ski Time Sq Dr #406A – $411,000
1387 Morgan Court #802 – $430,000
2700 Village Drive #F-202 – $436,000
2700 Village Drive # D-204 – $436,000
1660 Ranch Road #107 – $439,000
460 Ore House Plaza #E-303 – $439,000
3310 Columbine Drive #1405 – $440,000
2160 Mt Werner Circle #3402 – $443,000
3330 Columbine Dr #1005-10 – $444,000
2525 Daybreak Court #103 – $444,000
1580 Mustang Run #B – $470,000
2700 Eagleridge Drive #C01 – $475,000
3360 Columbine Drive #302 – $481,500
1463 Flattop Circle #107 – $493,000
29845 Rock Point Trail – $525,000
2286 Apres Ski Way #403 – $619,500
2215 Storm Meadows Dr #590 – $620,000
1785 Latigo Loop – $625,000
1452 Moraine Circle #19 – $660,000
28648 Valley View Lane – $665,000
2395 Storm Mdws Dr Moritz II – $665,000
212 Willett Heights Trail #7 – $670,000
2340 Ski Trail Lane #223B – $677,000
447 Willett Heights Court – $689,000
448 Willett Heights Court – $715,000
451 Willett Heights Court #24 – $720,000
2650 Medicine Springs Dr #6 – $740,000
638 Ruby Square – $822,000
207 Willett Heights Trail – $825,000
849 Majestic Circle Unit# 22 – $855,000
1855 Ski Time Square Dr #308 – $878,000
36882 Tree Haus Drive – $905,000
29445 Scrub Oak Path- $915,000
1875 Ski Time Square Dr #616 – $915,000
1247 Harwig Circle #B – $924,000
380 Kelhi Court – $962,500
27115 County Road 43 – $1,047,000
2488 Val d’isere Circle – $1,060,000
23995 County Road 56 – $1,065,000
1845 Upper Huckleberry Lane – $1,075,000
65 Steamboat Boulevard – $1,095,000
1858 Sunlight Drive – $1,100,000
31985 County Road 14B – $1,160,000
1505 Sunset Way – $1,175,000
642 Grand Street – $1,215,000
2300 Apres Ski Way#3 – $1,246,440
1610 Chaps Way – $1,319,000
31650 Aspen Ridge Road – $1,495,000
658 Creel Lane – $1,750,000
1940 Clubhouse Drive – $1,865,000
1595 Natches Way – $1,930,400
2501 Clubhouse Drive – $2,000,000
1223 Clubhouse Circle – $2,050,000
1232 Ridge View Drive – $2,150,000
44655 Diamondback Way – $2,399,000
39100 County Road 34 – $2,750,000
31585 Aspen Ridge Road – $3,000,000
1058 Graystone Court – $3,900,000
50430 County Road 56a – $5,525,000
