November 2021 Market Update
November 2021 | Market Update | Steamboat Springs
We welcome the end of one year and the beginning of another. 2021 saw our kids return to school full time and the shops and restaurants of Steamboat are buzzing with guests and locals alike. Steamboat is still quite the destination with the town at around 90% plus capacity. We were honored to participate in and volunteer for the 34th Annual Community Christmas Dinner organized by the Steamboat Springs Board of Realtors that took place on Christmas Day. And 2021 couldn’t be ending any better for our prayers have been answered…snow snow snow! The Valley looks like it should this time of year and we are doing our best to take time off from work and get the families out and explore the winter wonderland. What adventures and sights of the Yampa Valley have you taken in over the holidays?
The New Year is approaching and the Real Estate market is in its usual holiday cycle. The red hot market has dropped a few degrees, yet for the right property, we are still seeing high demand and multiple offers. The market statistics are telling us the clearest picture: 89 homes were sold last month and only 45 new listings were brought to market. At the end of November, there were 110 active homes, which is down 59% compared to the same point in 2020. If you happen to be thinking of selling, it is an incredible time to do so, and believe it or not, we are still finding deals for the buyers we are working with.
The average number of days on market decreased from 63 a year ago to 33 days on average this past November. We are seeing longer days on market for the outer boroughs, Hayden, Clark, and Oak Creek, but because the inventory is so tight, the right property is being sold for almost 100% of the asking price within a relatively short window. Our average sales price is approaching $1MM which presents a challenge for locals and is part of the reason we are seeing so many housing issues being discussed in our community.
We send our MANY THANKS to all past, current, and future clients that we are deeply grateful for! We hope you get to enjoy a safe and wonderful new year celebration. From our family to yours, cheers to 2022!
One of 20 exclusive homesites, this lot is truly a unique building site. Surrounded by the dynamic landscape of Elkins Meadow and Fish Creek Falls Canyon, it has been designed to maximize the views of the ski area, The Rockies, and the magnificent Yampa Valley. Located within city limits, the owner will have access to city water and utilities. This prestigious enclave also boasts 150 acres of open space and includes a private stocked pond, an owner’s cabin/beach house with a private beach for fishing, access to hiking trails, swimming, canoeing, and a 2 min drive to the National Forest. Downtown Steamboat is a 2-mile drive down the hill and the ski area is less than 10 min away.
Please enjoy our 2655 Fish Creek Falls Road video tour!
Episode #3:
Treasured Guest Stuart Handloff Executive Director of Piknik Theatre Productions
We hope you enjoy this video show and tune in each week on Wednesdays for a new episode with insights and experiences of All Things Steamboat! You can also check out our Talk of the ‘Boat Podcast on Spotify and Audible or however you prefer to listen.
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