The $1.52 million sale this week of a luxury condominium in One Steamboat Place at the base of Steamboat Ski Area is a reminder that in the midst of a struggling national economy, some people still are investing in high-end vacation homes.
The downward trend in prices for homes in the Yampa Valley coupled with the number of distressed properties that still must be absorbed color public perception of the local real estate market. But Realtor Doug Labor, of Buyer’s Resource Real Estate, has come up with some statistical information that he says puts Steamboat’s real estate market in perspective.
Through June, dollar volume through the Steamboat Springs Multiple Listing Service was $167.3 million, the sixth highest ever. That figure compares to $143.3 million at the same time in 2011. And with the average sales price down from last year, it’s safe to assume that a relative handful of high-end sales play a significant role in the overall market.
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Stewart Seeligson’s business education and diverse real estate experience set him apart from other real estate brokers in the Telluride region.