Archive for May, 2010

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Denver Post article – Things are looking better

Monday, May 24th, 2010

Here’s the link: http://www.denverpost.com/realestate/ci_15139996

Big chill on mountain resort areas’ home sales beginning to thaw
By Margaret Jackson
The Denver Post
Posted: 05/23/2010 01:00:00 AM MDT

The mountain real estate market plunged so far last year that it seemed there was practically no place for it to go but up this year.

Turns out, that perception is proving to be true.

During the first quarter, many resort areas have seen the number of homes sold rise substantially compared with the same period a year ago. While it’s a step in the right direction, the market is still not as good as in 2007 or 2008.

“2009 was so rank and so off, it was just scary,” said John Helmering, a broker in the Vail Valley. “Realtors in the Vail Valley have been through the worst time period ever in the history of Vail real estate. This is an improvement, but not from 2008.”

This is a preview of Denver Post article – Things are looking better. Read the full story.

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YTD stats. More is selling . . .

Tuesday, May 18th, 2010


In comparing these stats to last year, things are looking much brighter. More units have sold, prices are good, and sure volume is increased. But don’t take these stats and run. There’s a lot more behind the scenes and I can go into this in detail if you email or call me. It’s rather complicated. But none the less, we’re in a much better state now than we were last year.

For more on this topic or questions regarding real estate in Steamboat Springs, feel free to call Charlie at 970-846-6435 or write me an email at: charlie@steamboatsmyhome.com. I will answer your post or email promptly with candid and informed answers. Click here to view all properties in Steamboat Springs in “real time” — This is one of the few real estate sites showing all foreclosed and all short sale listings in real time and updated every few minutes.

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May 13th, 2010 Spring time in Steamboat

Thursday, May 13th, 2010

For more on this topic or questions regarding real estate in Steamboat Springs, feel free to call Charlie at 970-846-6435 or write me an email at: charlie@steamboatsmyhome.com. I will answer your post or email promptly with candid and informed answers. Click here to view all properties in Steamboat Springs in “real time” — This is one of the few real estate sites showing all foreclosed and all short sale listings in real time and updated every few minutes.

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What $2,000 a month buys you with rate changes

Tuesday, May 11th, 2010

For more on this topic or questions regarding real estate in Steamboat Springs, feel free to call Charlie at 970-846-6435 or write me an email at: charlie@steamboatsmyhome.com. I will answer your post or email promptly with candid and informed answers. Click here to view all properties in Steamboat Springs in “real time” — This is one of the few real estate sites showing all foreclosed and all short sale listings in real time and updated every few minutes.

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Should I sell my place now or wait for the recovery?

Monday, May 10th, 2010

Question– Should I sell my place now or wait for the recovery?

Answer–A very complicated question. But I can answer it with a fairly firm conviction.

First off, I feel our market is trending in the right direction. Sales have started to increase slightly and overall consumer confidence has improved over the last 6 months (although a recent dip last week) Interest rates remain low and the continued tax credit for buyers is helpful.  2009 was a year of apprehension and paralysis. Real estate transactions were at historical lows. I feel 2010 will be a better year for transaction numbers. Meaning there will be more real estate bought and sold than in 2009. And so far that is the case.

Yet more transactions does not necessarily lead to stabilizing or rising prices. In time it will but not for some time. I don’t see our market recovering in prices for 2-3 years and this is why:

This is a preview of Should I sell my place now or wait for the recovery?. Read the full story.

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Activity Increases. Earlier this winter . . . and keeps going

Monday, May 10th, 2010

In the last week or two, there’s been a notable increase in “pending” properties. I don’t necessarily see similarities in these, other than value and uniqueness of property. Below is a list of recent pending sales. And more intriguing is the fact that several of these have either back-up offers on them, or saw multiple offers.  Here’s some details for some of these listings in this group:

126480 – With high inventory, good to see downtown activity

126178 – Decent single family home for under 400,000

127237 – Relocation co. owned. Priced near 650,000 last summer. Several price reductions. Last one to 450,000 1 week ago. 5 offers as of yesterday

124847 – Bank owned, Silver Spur. Nice home

127227 – Good ski area townhome. 2 offers

126114 & 126115 Both priced near 2M months back. Bank owned. Under contract with back-up offers on both

126429 – Once priced near 3.2M. Bank owned. Good deal. Went for a bit less I believe

This is a preview of Activity Increases. Earlier this winter . . . and keeps going. Read the full story.

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Steamboat’s great discounts on passes – act now

Monday, May 10th, 2010

Steamboat offers some great discounts for season passes if you commit before June 1st.

Click here to view passes and discounts.

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For more on this topic or questions regarding real estate in Steamboat Springs, feel free to call Charlie at 970-846-6435 or write me an email at: charlie@steamboatsmyhome.com. I will answer your post or email promptly with candid and informed answers. Click here to view all properties in Steamboat Springs in “real time” — This is one of the few real estate sites showing all foreclosed and all short sale listings in real time and updated every few minutes.

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Why Steamboat’s so great . . . got kids?

Monday, May 10th, 2010

It’s pretty amazing here. We moved here from Seattle 5 years ago. And the proximity to everything and what there is, is almost endless.

Not in any order

  • Amazing winter sports club with many programs for kids all winter – skiing, snowboarding, x-country, jumping etc.
  • Olympic sized, year-round ice skating rink with all levels of figure skating and hockey for all ages.
  • Huge gymnastics center with instruction for all or just play-time free-for-all. Big foam pit, trampolines etc.
  • Brand new amazing library. Very modern with books, video, etc. Meeting rooms, kids rooms, great coffee and all. It really awesome.
  • Newly remodeled public pool and health club. Water slides, climbing all, lap pool, diving, kids pool, toddler pool, 3 hot tub pools, and one large warm pool.
  • Great botanical gardens – free
  • Many parks with climbing stuff everywhere
  • Core trail open all year biking, walking, running.
  • World class fly fishing all through town
This is a preview of Why Steamboat’s so great . . . got kids?. Read the full story.

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Should you sell your high-end home? Maybe

Monday, May 10th, 2010

First off, to briefly summarize the Steamboat market, things are getting better. Now there are many variables, some helping the market and other hindering the market. But overall, we’re going on 5 straight months of increased activity. That’s in increase in sales, pending sales, and showings. I feel this is largely due to an increase in consumer confidence. And with earning increasing, stocks increasing, and lowered real estate prices, this has fueled an increase in high-end transactions.

Here’s a great video on national high-end activity:

Click here to watch short video on real estate

Another couple specific Steamboat transactions of interest are these:

Click here to view Anglers SOLD  This home sold a month ago. High-end new home in a great location. Cash buyer.

Click here to view PENDING home  This home went under contract last week. Newer home with great views.

And below is a large list of recent activities for Steamboat.

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Steamboat Market Report March 2010

Monday, May 10th, 2010

Even though there’s a few inches of new snow on the ground in Steamboat as I write this, spring is here and things are improving in Steamboat real estate.  One indicators that tell me things are improving are the amount of properties that have gone under contract over the last few months.  This steady increase really tells me we’re headed in the right direction.

Sure there are many variables that continue to hamper home values (high inventories, foreclosures, etc.) and I don’t expect to see prices going up anytime soon here in Steamboat. But the sure number of showings, pending sales, and homes that have been sold over the last few months has affirmed what is viewed today on a national level.

If you’ve been waiting for rock-solid statistical evidence that the housing market — and the national economy — are well along into recovery mode, you definitely got it last week.

This is a preview of Steamboat Market Report March 2010. Read the full story.

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