Guide for relocation to Steamboat Springs, CO

Real estate trends

If you’re considering moving to Steamboat Springs, buying a single-family home, town home or condominium will be more affordable than it is in nearly any other top-tier resort area in the Rocky Mountain west.

In 2016, the average sales price of a residential property in Steamboat Springs was $612,038. Not bad, considering the average single-family home in Aspen fetched nearly $4 million, and properties in Vail and Telluride topped more than $1 million. Besides Steamboat, only Breckenridge and Crested Butte had prices falling between $550,000 and $600,000 in Colorado.

Specifically, Steamboat has experienced a steady, consistent increase in market activity and property values since bottoming out in 2009 and values didn’t begin improving until 2013. Historically, presidential election years like 2016 dampen resort markets. However, 2016 was an exception, as the market saw transactions increase by 10 percent and dollar volume by 16 percent over 2015. The September 2016 announcement of the potential sale of the dormant Stagecoach Ski Area fueled activity.business

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