2007 Vs Today - Peak or Prairie: Part 1



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As Steamboat’s real estate market continues to strengthen in 2018, many are left to wonder, “Have property values rebounded to the levels of our last peak in 2007?" The answer varies significantly across various segments of the market, depending on location, price range, and type of residence (single family, townhome, condo, new construction, etc. This Metzler Team compiled comprehensive statistics across the following market segments, comparing “apples to apples” properties sold in the last peak and what that same property has recently sold for or is currently listed at. This month, we begin by taking an in-depth look at the Mountain area, Downtown area, and West Steamboat.

The Mountain - Single Family Homes:
Today’s Solds: 98.13% of 2007 Solds
Today’s Active/Pending: 97.71% of 2007 Solds

The Mountain - Townhomes:
Today’s Solds: 82.26% of 2007 Solds
Today’s Active/Pending: 102.85% of 2007 Solds


Downtown - Single Family Homes:
Today’s Solds: 111.40% of 2007 Solds
Today’s Active/Pending: 105% of 2007 Solds

West Steamboat – Single Family Homes:
Today’s Solds: 103.21 % of 2007 Solds
Today’s Active/Pending: Not enough data was available at this time to formulate correct figures.


Stay tuned in June as we discuss both the high-end luxury market and sales between $350,000 and $600,000.