A very good article in CNBC on March 13th about the recovery of the ski home market.
“Rising stocks, an improving economy and a rush of buying before the 2013 tax hikes have helped drive a surge in sales and prices for mountain homes in the West.” read entire article
This article definitely mirrors what we are experiencing here in Steamboat. Pending sales have jumped dramatically to 140 and range from fractional ownerships at $40,000 to a $3,800,000 home. Sixty-four of these properties went pending over the last month, which is twice as much as February’s pending sales. There is still plenty to choose from, but with interest rates at all-time lows, prices expected to rise…it is a great time to visit your favorite Colorado Ski Town and come shopping!