Commercial Real Estate sales volume of $25.8M with 26 transactions YTD in 2018 is up 15% compared to sales January-October 2017 with 36 transactions worth $22.5M. Residential Real Estate sales for $404M YTD in 2018 are up 2% compared to sales January-October 2017 of $396M. Sales Taxes are up 6% YTD compared to taxes collected January-October 2017. New commercial real estate development projects include Overland Park, a multi-family, single family and mobile home park development project in West Steamboat and new downtown development parcels for single family and multi-family housing between Yampa River and Lincoln Ave. are coming on the market.
STEAMBOAT SPRINGS MARKET UPDATE
VELOCITY (Source – RE Colorado/Matrix):
SALES TAX INDICATORS (Source – Town of Steamboat Springs):
RESIDENTIAL REAL ESTATE
- Bowling Alley being updated and remodeled
- Overland Park – Multi Family, Single Family & MHP Development in West Steamboat
- New Downtown Development parcels for Single Family/Townhome/Multi Family Development between Yampa River & Lincoln