The demand for rentals in Steamboat is vibrant and supply is extremely tight. Investors are paying attention to this and are scouring the opportunities to purchase condos and townhomes that are priced under $250,000. Currently, there are only 19 condos/townhomes listed in the mountain area with at least 2 bedrooms. These vary greatly with regards to amenities, year built and condition. Not only is this a great opportunity for investors, but is optimal for first time homebuyers. Interest rates are still quite low and our market hasn’t appreciated like some others. Now is the time!!!
There was a Great article in the Steamboat Pilot & Today that speaks to the housing trends over the last few years.