Buyers looking to purchase a Steamboat single family home are experiencing a frustrating summer buying season, but most are finding homes even if it takes a couple of tries. Houses in Steamboat are selling for an average 98% of the list price, so there isn’t much room to negotiate. And almost 25% of home purchases are closing at or above the list price showing how common multiple offer situations have become.
Median Steamboat Springs real estate prices are up 22.75% from the second quarter of 2016, and total dollar volume is up 29% YTD from last year. Here are a few other stats from Melissa Gibson at Land Title:
- Median Residential Price: up +22.75% from Q2 2016
- Gross Sales Volume: up +29.05% from Q2 2016
- Average Residential Price:up +1.70% from Q2 2016
- Buyer Profile: 54.09% Local, 16.08% Front Range, 29.38% Out-of-State, 0.43% International
Click here to see all homes available for sale, or scroll down to see a list of Steamboat area homes and duplexes that sold in July:
[table id=8 /]