sellers: Steamboat Springs, CO Real Estate Market Report for April 2014
- 06/02/14 05:48 AM
Steamboat Springs, CO Real Estate Market Report Home prices both nationally and locally continue to rise at a slow and steady rate. Studies show that consumer confidence is growing, and recent surveys show that vacation-home sales are increasing. All of these factors bode well for a resort market like Steamboat Springs. Steamboat's housing market tends to lag behind larger cities like the ones studied for the S & P Case-Schiller Home Price Index. Cities like Chicago, Houston and Denver are considered feeder markets to Steamboat Springs since there are direct flights to/from these cities we see a fair number of second-home buyers from these areas. When we see … (3 comments)
sellers: Steamboat Springs, CO Real Estate Market Report for November 2013
- 01/06/14 04:05 AM
Steamboat Springs, CO Real Estate Market Report Steamboat Springs Ski Area Like our 30 residents vying for a spot on the United States Olympic Team, Routt County’s real estate market remains strong - even in the off season. For November, 107 transactions took place, which was 15% more than November 2012, for a gross volume of $33M. > November 2013 dollar volume was UP +1.26% over November 2012 > Year-to-date dollar volume is UP +14.35% > Transactions were UP +15.05% from November 2012 > Year-to-date transactions are UP +11.66% > 50% of the volume was under the price point of $500,000 > 48% of the transactions were financed while 52% were paid with cash at the time of closing > Bank sales DOWN -3 transactions from previous month As I mentioned last month, … (2 comments)
sellers: National Market and Steamboat Springs Update - March 2013
- 03/26/13 12:05 AM
National Market and Steamboat Springs Update - March 2013 National Home Prices: National home prices are improving. Fiserv Case-Shiller projected March 4, 2013 that home prices across the nation will grow by 3.3 percent every year for the next 5 years. As we reported to you last month, 2012 was the first positive year for both home prices and home sales volume increases since the market crash. According to Case-Shiller, 2012 was as close to normal as we've seen since 1997! Fiserv Case-Shiller Home Price Index measures the health of the housing market across the country. It tracks data from repeat-sales of … (0 comments)
sellers: The Glass is Half Full in Steamboat Springs - Building Permits Up!
- 04/09/12 06:30 AM
The Glass is Half Full in Steamboat Springs - Building Permits Up It’s been a while here in Steamboat Springs since we’ve had good news on the building permit front, but the first quarter of 2012 finally brought some good news to the Steamboat Springs' real estate market and undoubtedly to the local construction, Steamboat architects and interior design industries as well. Photo from SteamboatHomeFinder.com So just how good is the news? $4.8 million good with the addition of two Steamboat Springs' building permits in March for single family homes with a combined valuation of $2.42M. Keep in mind that permit values are always less … (4 comments)
sellers: What's Trending? Something That's Steamboat Springs Real Estate Friendly!
- 04/03/12 06:03 AM
What' Trending? Something That's Steamboat Springs Real Estate Friendly! Second home owners are common in Steamboat Springs, and the real estate market in Steamboat Springs thrives on Vacation and Investment Home Buyers seeing the advantages of owning property in Ski Town USA®.
The National Association of Realtors 2012 Investment and Vacation Home Buyers Survey, reported that sales of investment and vacation homes jumped in 2011 to a combined share that reached its highest level since 2005. Specifically: Investment Home sales increased 64.5% in 2011 vs. 2010 Vacation Home sales increased 7.0% in 2011 vs. 2010 Investment Home sales share of all … (4 comments)
sellers: Seek and You'll Find a Silver Lining in January's Case-Shiller Price Indices
- 03/27/12 05:25 AM
Seek and You'll Find a Silver Lining in January's Case-Shiller Price Indices The clouds are still hovering, but you can find a silver lining in the Case-Shiller January Home Price Indices Report because while home prices are still falling in most metropolitan areas, they are falling at a slower pace. Bloomberg News donned their rose colored glasses as well in one of their Case-Shiller articles pointing out that while we indeed have a long way to go, property values are beginning to steady, and the outlook is a little less negative. As reported in the Huffington Post today, February’s consumer confidence numbers … (0 comments)
sellers: Steamboat Springs - Living the Dream in Your Hill Street Home
- 03/20/12 06:20 AM
Steamboat Springs - Living the Dream in Your Hill Street Home A Steamboat Springs’ home that’s not too big, but not too small, close to downtown, but not right on or too close to Lincoln Avenue, a gourmet kitchen surrounded by an open floor plan full of warmth and character, and even with all this, you'd also love a yard with a water feature and perhaps an area for outside entertaining. Hill street Home in Downtown Steamboat Springs Look no further than 197 Hill Street in Old Town Steamboat Springs . Only blocks away from downtown yet seemingly miles from anything urban, since it’s … (3 comments)
sellers: Bleak December Case-Shiller, But Reasons to be Optimistic in 2012
- 02/29/12 03:03 AM
Bleak December Case-Shiller, But Reasons to be Optimistic in 2012 From the Wall Street Journal to Bloomberg, David Blitzer, Chairman of the Index Committee at S&P Indices, didn’t have positive news to report upon publishing the December S&P Case-Shiller report. “In terms of prices, the housing market ended 2011 on a very disappointing note.” “With this month’s report we saw all three composites hit new record lows.” “If anything, it looks like we might have re-entered a period of decline as we begin 2012.” Housing Market Ups & Downs So just how bad were the December Case-Shiller Home Price Indices numbers? … (2 comments)
sellers: Steamboat Springs' 2012 Real Estate Gets Quick Boost from $17.6M+ January Sale
- 02/23/12 05:29 AM
Steamboat Springs' 2012 Real Estate Gets Quick Boost from $17.6M+ January Sale Steamboat Springs’ January 2012 real estate sales started off on a positive note coming in just ahead of January 2011 sales. A good start is always welcome, and with the snowfall finally taking Steamboat Springs literally by storm this week, things might just be looking up on all fronts! Larry Pierce Photo, Steamboat Today, 2/20/12 While local businesses were soft in January due to the minimal snowfall, the recent snowy weather has business owners across the resort market spectrum optimstic about stronger business through March. Reservations immediately picked up for … (0 comments)
sellers: Colorado Mountain Resort Real Estate Trends as Dubious as The Snowfall
- 01/30/12 06:39 AM
Colorado Mountain Resort Real Estate Trends as Dubious as The Snowfall Steamboat Springs’ real estate market did not earn great marks in the recent Colorado Mountain Resort Real Estate Trends released by Land Title Guarantee Co. As compared to 5 other Colorado ski resort counties, Routt County, home to Steamboat Springs, is the only county that decreased 6% or more on 5 key benchmarks* in 2011 as compared to 2010: Gross Sales Volume: -12.01% (Eagle & Grand Counties were down >6% as well) Number of Transactions*: -23.06% (All other counties were flat to up) Single Family Average Home Prices: -22.73% (Eagle & … (0 comments)
sellers: Live in Downtown Steamboat For Less Than $500K
- 01/25/12 08:09 AM
You Can Have a Home in Downtown Steamboat For Under $500K Downtown Steamboat Springs offers the best of both worlds as the center of community activity, and only minutes away from world class skiing at the Steamboat ski mountain. Howelsen Hill, Colorado’s first established ski area, is within walking distance, as are retail stores, restaurants, pubs, tennis courts, ice skating rink and a state-of-the-art public library. The Yampa River borders the edge of Downtown Steamboat and provides world class fly fishing along with tubing in the summer months. With urban living at your beck and call, you might not think affordable single family … (1 comments)
sellers: Homes for Under $500K in Steamboat Springs' Fish Creek Falls Neighborhood
- 01/25/12 06:21 AM
Steamboat Springs Fish Creek Falls Homes for Under $500K The Fish Creek Falls neighborhood in Steamboat Springs is the perfect family neighborhood - affordable and convenient with good sized back yards. Situated between the Steamboat Springs ski mountain and downtown Steamboat Springs, the Fish Creek Falls neighborhood is close to everything including schools. Biking/hiking trails wind through the Fish Creek Falls area and can take you just about everywhere in Steamboat Springs as long as you aren’t toting skis to the ski mountain or groceries from Safeway. Right now there are 6 single family homes for sale under $500,000 in Steamboat’s Fish Creek … (0 comments)
sellers: Steamboat Springs December Real Estate Market Outpaces Snowfall
- 01/23/12 07:45 AM
The snowfall was lacking in Steamboat Springs at the end of 2011, but the Steamboat Springs real estate market, while not booming, was finishing up the year on an overall positive note. In hindsight, the real estate market in Steamboat Springs is still trying to achieve sure footing on what has been a slippery slope throughout 2011, but there are some positive signs where a year ago we were not seeing much to be optimistic about. While some price points are doing well, others are struggling, and bank owned sales are driving actual dollar volumes down overall. So what does it all … (0 comments)
If only there was some magic wand to wave over the housing market so things would start to pick up and stay up. The Case-Shiller October Home Price Index is not showing any news we can feel good about on a national level. The October report yields the following less than optimistic news: 19 of 20 cities showed home price decreases versus September numbers Versus October 2010, the 10 and 20 city composites posted annual returns of minus 3.0% and -3.4% respectively Versus September 2011, the 10 and … (0 comments)
sellers: Steamboat Springs, CO November Sales Up - Could be Tebow-Like 4th Quarter
- 12/22/11 04:01 AM
There was definitely more to be thankful for in November than family, friends, football and turkey. What we lacked in snow fall, we made up for in real estate sales in November. November real estate sales were great. And looking at the recent absorption rate, I'd say the Steamboat Springs Real Estate Market is looking much better. ( Please note: I recently blogged about the attributes of "knowing the market." The stats came out today with a rather large error. I caught it and researched it. There was not a $11 million dollar transaction in Steamboat. So I re-calculated the numbers with … (2 comments)
sellers: An Educated Seller is Better Than Great Marketing
- 12/13/11 04:57 AM
All the great marketing in the world won't sell an overpriced house, or get your seller to accept a fair offer if they don't understand the business analytics. A friend of mine reminded me of a great business practice when she told me about her experience listing her town home in a down market with lots of town home inventory in a suburb of Atlanta back on 2004. In her development alone there were 200 town homes all under 3 years old, and 72 were for sale at the time she was looking to sell. That’s 36% (more than one out … (3 comments)
sellers: September Case-Shiller Report Indicative of Economic Turmoil
- 11/29/11 08:19 AM
Even those that are usually the glass half-full type would have to tip the glass to see it half full in the latest September Case-Shiller Price Index report. Through September, the latest report showed a drop in prices in 17 of 20 cities tracked versus August halting a 5 straight month upswing when at least half the surveyed cities showed monthly gains. Three cities fell to their lowest home prices since the housing crisis began 4 years ago: * Atlanta * Las Vegas * Phoenix On the flipside, three cities showed price increases in September: * New York * Portland * Washington … (3 comments)
sellers: Mud and Real Estate Sales Don't Always Mix
- 11/11/11 09:29 AM
Mud Season: those fall and spring months in a ski resort town when the weather isn't great and the town is kind of empty. Mud season can muck up real estate sales, but there were some encouraging sales as some folks do like to get settled in to a new home before the winter weather sets in. Steamboat Ski Area With 99 transactions logged in the 10th month of the year, October ranked 7th in transactions and 8th in total dollar volume with just over $31.6M in sales. Similar to September, dollar volume was down due to the large percentage of residential homes … (3 comments)
sellers: November Closings Start Strong in Steamboat Springs
- 11/08/11 04:25 AM
A community wide Halloween celebration wasn't the only thing to celebrate in Steamboat Springs last week. Five million dollar plus properties closed between October 31st and November 1st which is a great kick-off for the month. While no one is predicting a new high-end sales trend, the closings are indicative of buyers wanting to get in before winter’s arrival. And winter is arriving as I type this! Halloween on Lincoln Ave. downtown Steamboat In other positive Steamboat Springs’ real estate news, October saw 5 new construction projects in The Sanctuary either started or approved to start next year, while two homes are … (0 comments)
sellers: Mud Season in Steamboat - Perfect for Home Buying!
- 10/27/11 06:36 AM
Mud Season in Steamboat - Perfect for Home Buying! Late October, early November in Steamboat Springs, CO is rather uneventful except for the hunters in orange who come from all areas of the country. It’s Mud Season in local terms defined as the time between crisp, clear fall days, and snowy winter nights followed by brilliant, sunny winter days. Beautiful fall weather has given way to pre winter weather where we get a little rain, a little snow and there’s not much going on. For this reason exactly, it’s a great time to look for a home in Steamboat Springs! The numbers support it – closings in … (6 comments)
Steamboat Springs, CO Real Estate Market Report
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