Market Update

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Steamboat experienced a tremendous fall for real estate.

As predicted, when the fall colors crept into the valley, so did home buyers. The season started off slowly with a 16.83% increase in gross dollar volume this August over August 2017. September and October really ramped up with a 21.42% and 33.43% increase in gross dollar volume over 2017.

The mountain area continues to outperform other areas of Steamboat accounting for 48.39% of the number of transactions in October alone. No other real estate area compares with the downtown area as the runner up accounting for only 10.32% of the number of transactions in October.

As the only private 20-acre neighborhood at the base of the mountain The Porches is unlike any other place in a mountain town. The quality and craftsmanship of our 4- and 5-bedroom homes are immaculate but what really sets us apart is our services and amenities. Offering a private shuttle, private ski valet, 24-hour on call maintenance, full service concierge, and so much more it’s no wonder our inventory is decreasing rapidly. With just three whole ownership opportunities remaining, now is the time to buy at The Porches. We have an open house from 10am to 6pm daily and would be happy to tell you more about our community.

It’s all in the numbers

-$725,412,029 in gross volume for August 1, 2018- October 31, 2018

-1,259 transactions in October YTD

-$299,091,392 volume of transaction in the mountain area October YTD

– The mountain area accounts for 39.24% of the total number of transactions October YTD.

– The mountain area accounts for 41.23% of the total dollar volume of transactions October YTD.

For more information on the Steamboat market or Porches ownership opportunities, contact The Porches sales team.