Lower Prices Have Put Steamboat Within Reach For New Buyers!

There has been an increase in activity in the Steamboat Springs market. Vacation properties in our world class ski resort are now in reach for new buyers. The lower prices are luring buyers to take the plunge on ski properties despite economic worries. Although some sellers have not lowered their list prices to meet buyers expectations. We estimate that the prices have fallen at least 20 to 30 percent since its peak in 2007 and land prices have dropped as much as 50 percent.
Many buyers are looking for a bargain and many sellers have some sort of distress element. The distress element is often divorce, death or debt, but two years into a grim economy the motivating factor for a price reduction can simply be time.
If buying a vacation home is part of your long term plan, it might be wise to accelerate your timetable to take advantage of low prices and historical low interest rates. Many buyers are now offered a chance to fulfil a dream.