Blogext 17 e1506294370334

Fall may have arrived in Steamboat, but real estate sales are on the rise.

Record Breaking Sales Continue

It’s not just the fall colors that are on fire in Steamboat—real estate sales are through the roof. The Steamboat Pilot and Steamboat Today reported over $22 million in closed transactions each week consistently over the past couple weeks. There has been a steady average of 10 sales a day in the broker multiple listing service every day. One day last week for example, the broker’s Multiple Listings Service reported 18 closed transactions and 240 pending transactions on the Daily Market Monitor. Existing inventory is low and new building continues to be on the rise.

Off season? What off season?

We have been as busy as always here at The Porches and are welcoming new owners from Miami this month. They have been renting and staying at The Porches every year and thought they should get in before the inventory is gone. Even though the lifts aren’t running yet, fall is an amazing time to come and visit Steamboat and see the fall foliage. Come stay at The Porches and experience for yourself all we have to offer.

Time (and inventory) is running out!

There are just a few townhomes left to purchase at The Porches.  Keep in mind the buyers are all looking for the same thing: top of the line construction, 5-star amenities with a rental program that is #1 on Trip Advisor. The Porches is a perfect ski vacation townhome to own in Steamboat.

It’s all in the numbers.

Total sales volume is up by +9.51%, with the YTD. at +25.55%.

Transactions are also up by +2.67% compared to last July, with the YTD. at +7.85%.
Single Family: -1%
Multifamily: +16%
Vacant Land: +73%

Real estate transactions for Sept. 8 to 14, 2017
Total sales — $18,295,600

Real estate transactions for July 28 through Aug. 3, 2017
Total sales — $22,022,635

Real estate transactions for Aug. 25 to 31, 2017
Total sales: $22,391,038

Real estate transactions for July 14 through 20, 2017
Total sales — $10,348,750

 

If you would like more information or to arrange a tour at The Porches, contact Beth Postemski, Director of Sales.