Monday, March 9, 2009

Steamboat Springs Homes Values - What Happens When Steamboat 700 Homes Hit the Market?

Question to Danny Mulcahy of Steamboat 700: "What is going to happen to home values when Steamboat 700 is annexed? Isn't the market going to be flooded and values decline?"

Danny's answer: We obviously can't predict the future, but it is certainly not in Steamboat 700's interest to have area home values decline. Our intention is to make a variety of housing types available on an ongoing basis-with enough types and a range of prices to encourage quality and competition that keeps pricing low to attract regional residents. This will be a balancing act, as we need all the builders to be successful in order to have a vibrant master-planned community.

Our research indicates that there is more than adequate housing demand being generated today in the Steamboat Springs community and the region-but to release a supply of land and new homes that exceeds the local demand would not make any economic sense.

It is safe to say that some level of stabilization in Steamboat Springs' rate of housing appreciation will occur when new supply enters the market. But the benefits of creating new housing supply adjacent to Steamboat Springs--which prevents sprawl, shortens commuting times and preserves the region's environment--will enhance the quality of life throughout Steamboat Springs and Routt County.

If you are looking for a home site, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.

I work as a Buyer's Agent for my clients. I also represent Sellers. If you are buying or selling in the Steamboat Springs or surrounding areas, I can provide what you need. I am paid my success fee only after you experience success!

Contact me today and let’s get started...

cell: 970.846.1086
office: 970.879.8100 EXT 434