According to recently released NAR (National Association of Realtors) statistics, vacation-home sales rose 7.9 percent in 2009 from 513,000 in 2008, to 553,000 this past year. An encouraging figure. ‘NAR Chief Economist Lawrence Yun said, The typical vacation-home buyer is making a lifestyle choice, with nine out of 10 saying they intend to use the property for vacations or as a family retreat.’ The median transaction price of a vacation home also increased, from $150,000 in 2008 to $169,000 in 2009. Vacation home sales up in 2009 shows that despite this difficult economic climate, people are still interested and committed to making changes to best suit their lifestyle and goals for themselves and family.
We are seeing similar trends occurring in Steamboat. Buyers are beginning to come back into the market. The past four months have seen sales higher than those of the same month last year. People are continuing to find opportunities that meet both their financial goals and their personal dreams. If you are interested in learning more about a vacation home in Steamboat or would like more statistics on the state of the market, feel free to give me a call at 970.819.6930 or send me an email at jon@mybrokers.com
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