As Steamboat temperatures start to dwindle (and snow starts to fall) the real estate market is heating up. The August statistics from Land Title reported over $33 million in sales volume for the month, with a total of 72 transactions. Prudential Steamboat Realty continued to lead the charge with over 30% of the market share for closed transactions. Our agents continue to make deals happen for buyers and sellers everyday.

Plus, CNNMoney.com recently reported a better-than-expected increase in new home building starts last month – another indicator that consumer confidence in the housing market is on the rise. The Census Bureau reported last week that builders broke ground for 598,000 new homes across the country during August, up 1.5% from a revised 589,000 in July. Great interest rates and the first-time homebuyer tax credit have enabled many builders to reduce their inventories of unsold homes, helping to increase demand for new homes. And there are plenty of fantastic land opportunities available in Steamboat!

However, all good things must end someday, and the government programs do have deadlines that are quickly approaching. From contract to close one can assume a 6 week turn around period, meaning buyers taking advantage of the tax credit should be under contract by October 18th. So, don’t wait to start looking at the great deals on the Steamboat real estate market.

This entry was posted on Thursday, October 15th, 2009 at 8:42 am and is filed under Blog. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.