An Now For September...

September continued on the same trend as August with the sales at roughly 1/3 the level of 2007. The year to date closings and volume are at 45% of the level of 2007, but looking back, this year’s statistics are only 20% below the level of 2006. Taking the banner year of 2007 out of the equation, the Steamboat real estate market is still holding its own. Over the past two weeks, the financial crisis in the U.S. and the world markets has certainly slowed things down to a crawl. There are expectations that our market will be one of the first to rebound when the economic conditions change based on the many Buyers and investors that are interested in Steamboat Springs.