Steamboat Springs Absorption Rate Shows Healthy Market

March 16th, 2017

Steamboat Springs Absorption Rate Shows Healthy Market

Absorption rates are a strong indicator in determining the health of a Real Estate Market. For those of you who have heard us use this term but aren’t sure what it means: absorption rate is defined as how many months it would take to sell all the homes currently listed for sale, at the current rate that homes are selling.

A healthy real estate market is 5-7 months worth of inventory e.g. if there were 60 homes listed for sale and on average 10 homes sold per month, the absorption rate would be 6 months. An absorption rate much less that this would suggest a sellers market (demand exceeds supply, higher prices) while a rate much greater indicates a buyers market (surplus supply, greater negotiating power).

In Steamboat Springs the absorption rates have shown some fluctuation, but the latest figures indicate a healthy market overall:

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Choosing the Loan that’s Right for You

March 13th, 2017

Choosing the Loan that’s Right for You

Buying home is one of the biggest decisions, and more likely one of the biggest financial obligations that you’ll make in your life. Add in getting a mortgage… it’s exhausting to say the least. Now whilst interest rates and lender offers fluctuate, here is some information which might help narrow down what style of mortgage might be right for you:

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30 Year Fixed Rate Mortgate. This tends to be the most popular loan choice, particularly if one plans to live in the home long term (10+) years. You’ll probably pay a higher interest rate but it removes the uncertainty of what your payments will be each month.

15 Year Fixed Rate Mortgage. If you can afford higher monthly payments this may be a good choice for you. You have the same security of a fixed loan rate but you can typically qualify for a lower interest rate and consequently pay less over the life of the loan.

Who Doesn’t Love A Retro Mountain Lodge!

March 6th, 2017

Who Doesn’t Love A Retro Mountain Lodge!

Some homes ooze charm, and this is one of them! From the outside we see a classic mountain lodge design: wood siding and stone detailing, sharp rooflines set in a pristine natural landscape.

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From the inside, channel your inner 80′s and enjoy the warmth and coziness of a bygone era.

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And if retro isn’t your thing, just imagine the possibilities! From the 2.81 acre block to the stunning views of Fish Creek Canyon and the Steamboat Ski Area, some things never go out of style.

View full listing here.

Charlie Dresen
Real Estate Associate Broker | Sotheby’s
Local Knowledge | Global Exposure | Defining Service 
970-846-6435  | SteamboatsMyHome.com
610 Market Place Plaza, Steamboat Springs, CO 80487

 

Steamboat Springs, CO Real Estate Report

March 3rd, 2017

Steamboat Springs, CO Real Estate Report

Before we dive in I’d like to share with you the successes of Sotheby’s International Realty. 2016 was an incredible year for the brand and it is exciting to be a part of it all. And most importantly, thank YOU for being part of my own personal success as well as that of Sotheby’s!

Routt County Real Estate Market 

We jumped right into 2017 with a strong start to the year.  Gross volume was $45.9M, up 23.45% compared to last January, and there were 78 transactions, up by 1.3% from the same period last year. Overall January volume was given a boost with the sale of a $9.79M ranch just outside of the Steamboat city limits.

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*Figures compliments of Land Title Guarantee Company
There is still plenty of demand and limited inventory for properties in the Routt County Market. Currently 147 pending sales are recorded and there were 126 new listings that came to the market in the past 30 days. 

The Best Views In Town!

March 2nd, 2017

The Best Views In Town!

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What happens when great design, an ideal location and stunning views converge? You get 260 Storm Peak Ct. For all you potential buyers out there, you’ll be happy to know this home was just listed for sale! Seriously, we can’t say enough great things about this home…

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Click here or call me for more listing information and photos.

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Charlie Dresen
Real Estate Associate Broker | Sotheby’s
Local Knowledge | Global Exposure | Defining Service 
970-846-6435  | SteamboatsMyHome.com
610 Market Place Plaza, Steamboat Springs, CO 80487

 

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Mountain Vista Town Home = The Perfect Place

February 23rd, 2017

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

Mtn Vista

Mtn Vista

Living Area in Mtn. Vista

Living Area in Mtn. Vista

Vaulted ceilings in Mtn. Vista

Vaulted ceilings in Mtn. Vista

See more information here: http://www.steamboatsmyhome.com/170252/2-fish-creek-area/mountain-vista-townhome

Top 10 Secrets

February 7th, 2017

Top 10 Secrets

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:

Top 3 reasons to live in Steamboat Springs, CO.

In previous videos I’ve shared the top 3 reasons to live in Steamboat Springs not only from my perspective but from a newer resident’s perspective, reasons to love mud season in Steamboat, I’ve also shared highlights of areas and neighborhoods in Steamboat, not to mention countless Steamboat Springs properties for sale videos.

Your guide to Steamboat’s best secrets and real estate,

Steamboat Springs, CO Real Estate Report

February 2nd, 2017

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

*Figures compliments of Land Title Guarantee Company

 

Here is a quick snapshot of 2016 year end values for Routt County sales:

Why We Love This Charming Ranch Home

January 23rd, 2017

5 Key Steps To Selling A Home

January 19th, 2017

5 Key Steps To Selling A Home

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.