Looking for the perfect starter home or second home? This Mountain Vista has the perfect mix of size and features. 2 Beds, 2 baths, 2 car garage and ski area view. Not to mention is recently remodeled and move in ready. $432,000
I am giving you my top 10 locals’ favorite winter secrets in Steamboat Springs, Colorado. From the best place to buy winter gear, to the best winter hike location, to the best place for lunch with views or apres ski, I’m spilling the beans. Now you, too, can live like a Steamboat local.
And in case you were wondering what a day in the life of a local in Steamboat Springs, aka Ski Town USA, in the winter is like, this should help:
Steamboat Springs, Year End 2016 – CO Real Estate Report
Year end figures for 2016 are here! Let’s review:
Routt County Real Estate Market
We had projected, based on high “pending” sales during December and dollar volume that 2016 would exceed 2015. But well fell just short with volume less than 1% below 2015 numbers. December was a reasonable month but down from the same time last year with 131 Transactions and $79.9M in Gross Volume. Compared to last December, Gross Volume was off by -19.45%, with the YTD. at -0.75%. Transactions were also off by -7.75% compared to last December, with the YTD. at +5.63%.
I do however, predict the January and February numbers to increase because of the high amount of pending sales we have today.
*Figures compliments of Land Title Guarantee Company
Here is a quick snapshot of 2016 year end values for Routt County sales:
The construction of ranch homes had it’s heyday in the 50′s while land was cheap and suburbs sprawled. For a while there it fell out of vogue, but in more recent times has made a strong comeback as an in-demand home style. As fans of mid-century modern design and as former ranch home owners, we can attest to the benefits of a ranch style home. And this recently listed home at 27629 Winchester Trail in the Silver Spur neighborhood of Steamboat Springs, is a perfect example of why.
Kid and Grandparent friendly. The single-story design of ranch homes means no stairs for small children, aging knees, or carrying laundry up and down.
The lot is also relatively flat which is easy to maintain and provides plenty of space to play! This particular home has 4 bedrooms including a large master with ensuite and walk in closet.
There are many factors that go into selling a home, which a good real estate agent will discuss with you. But here are 5 tried and true steps that every seller should prepare for and do when putting their home on the market:
An inviting walkway can set the mood as well as direct people to a discretely positioned front door.
1. Curb appeal. First impressions count, especially in real estate. If a buyer gets a bad impression before they enter the home, your house has to work that much harder to get their interest.
A beautiful front yard has a big impact, but if gardening isn’t your thing then at a bare minimum you should mow, remove weeds, rake leaves, trim branches that are overhanging walkways, straighten the patio furniture, and remove any items that might deter buyers. If it is winter then make sure walkways and driveways are cleared of snow and ice.
The market is moving at a steady pace as we head into the ski season. October and November are traditionally slower months and this has been no exception. The uncertainty of the past month with the election has no doubt contributed to the sluggish entry of new listings to the market and fewer purchases. However, potentially looming rise in interest rates may have been the catalyst for the strong number of sales overall. Volume was down but transactions were up. This means a larger number of sales occurred in the lower-end of the price point.
Routt County Real Estate Market
The Steamboat Springs Board of Realtors October 2016 Monthly Indicators release shows that real estate listings were down 39.5% for single family homes and 2.1% for townhouse/condo properties when we look at year over year figures. Pending sales were +68.2% for single family homes and +25% for townhouse/condo properties. The median sales price for single family homes was -20.6% percent but +6.6% for townhouse/condo properties. Number of days that listings were on the market decreased 6.6% for single family homes and 4.5% for condo properties.
It can be tricky to buy an “entry level” home in Steamboat Springs. There is limited availably of homes in the lower price brackets, getting a loan can be tricky in developments which allow certain types of ownership, and condo’s can sometimes present a problem for lenders as well. Not to mention the fact that no matter whether a first time buyer or current homeowner looking for a change – everyone has a wish list!
But here we present to you a home that we think checks all the boxes to be deemed the “best first home in Steamboat!”
A. It’s a townhome.
No more shoveling the walkways, ploughing the driveway, or dragging trash to the curb. The HOA will take care of all of that for you, meaning you have more time to do the things you enjoy most!
Whether we realize it or not, it isn’t logic that drives most of our life decisions. We make decisions based on an emotional response and then use facts to rationalize our choices. Successful businesses have one key factor in common – they market their products to tap into peoples emotions, whether it be selling an image, a lifestyle, or our own personal values.
Buying a home is one of the biggest investments one makes in their lifetime. And being that a home is a personal escape, a place to raise our family, to be part of a community – or not to be, it is also one of the biggest emotional decisions one makes. Before purchasing a property buyers might have a checklist of wants and needs. But after looking at looking at 10 or 30 homes, it is the property they felt the strongest connection to that will get the offer. And this connection needs to begin the moment the buyers see that listing, so when they walk through that door a psychological link has been established.
How’s the market Charlie? Well, I’d have to say the majority of the real estate market is very good. Running the current absorption rate, we see almost every segment of the market is very good with a couple exceptions. Medium to high-end condo activity remains slow with limited buyers and high inventory. Other than that, its trending to be a seller’s market with prices on the rise.
Third quarter figures are out with a great close to September 2016, with 176 Transactions and $80.5M in Gross Volume. Year over year figures show September Gross Volume up +36.55% and transactions up +32.33%!
There was particularly strong sales of upper end properties in September – 19 properties sold for over $1M, including a ranch listing just outside of town for $7M. In August 2016 there were 11 properties sold for over $1M.
"Our experience was so positive with Charlie, that we put another one of our properties on the market. We are confident that with his guidance it will soon be sold. We are also pleased to call Charlie and his family friends and hope to be for a very long time."