Will This Economic Crisis Have a V, U, or L-Shaped Recovery?Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are
5 Days on the Market in Steamboat
Dated: March 5 2013
An interesting thing happed this week. We listed the highest priced condo in a complex here in Steamboat Springs that has seen devastating depreciation over the last 5 years. To our delight and suprise within 48 hours of putting it out there we had multiple offers.
Why is that news? It says some things about our market, that if a property is in good shape and is considered a good value, people are buying. It also is indicative of the lack of inventory right now. It appears that many people who have been sitting on the sidelines waiting for the bottom to hit have finally noticed that we are there and in fact they are seeing slow growth and an upward trend here.
Lastly, but not by any means of less import, it shows that global marketing works.
Since most of our buyers are either from the Denver/front range or our feeder markets both nationally and internationally, it confirms that if you are going to put your home on the market you better make sure your broker has a comprehensive marketing plan and the resources to implement it.
The Steamboat Luxury Team -Vicki Jackson and Mike Shuttleworth Vicki Jackson has been a Realtor for 11 + years and comes from a long line of Realtors. She has specialized in luxury resort and ranc....