Archive for September, 2010

Short-Sales are Not Always Good Deals

Wednesday, September 22nd, 2010

Short-Sales are Not Always Good Deals

Unlike many bank owned or foreclosed properties, short-sale properties are not always a good deal. This may change in time, but many short sale properties are still priced by the owner’s / agent wishfulness price they want to get. And many times this is based on the sellers loan amount minus “x”. Now “x” could be 10, 20, 30% off or what the seller feels the bank will allow. But this number is never very accurate, nor does it have anything to do with the value of the property. Remember, the asking price usually has something to do with the loan amount and that number has nothing to do with the fair market value of the property today. Steamboat Springs has many short-sale listings and many more are coming. Short sales are a wonderful solution to a unfortunate situation. A successful short sale is a blessing for all parties. But do not assume just because it’s a short sale it’s a deal.

Steamboat Springs Market Report for Local Real Estate

Thursday, September 16th, 2010

Steamboat Springs Market Report for Local Real Estate

July was a decent month for Steamboat Springs Real Estate transactions. As predicted, many more transactions then last year and we’re sort of hitting some consistency these past few months.

Highlights for the month of July:
· Sales Volume continues to climb from the previous year, with $292,175,800 so far this year, compared to only $167,194,700 YTD for 2009. This represents a 174% increase.
· Units sold were 213 for July 2010 compared to only 44 from July 2009. This represents a 484% increase.
· The 213 units sold in the month of July 2010 are 27 shy of the 240 units sold in July 2007.
· Timeshares/Fractional units continue to dominate units sold with 163 out of the 213 sales reported for July 2010.
· Once again, the Village at Steamboat leads that market with 161 sales of the 163 sold for the month.

Video is Shaping Our World. Real Estate Videos Make Sense

Wednesday, September 15th, 2010

Video is shaping our world. TED talks. Real Estate videos make sense

It’s been apparent to me for years: using video to showcase real estate makes sense. This video is about how online videos are shaping the world and leading innovations. It works. And we’ve only just begun.

Showcasing and selling real estate and homes in Steamboat Springs using video is cutting edge. But soon it will be mainstream. I encourage you to browse my website, my listings, the local areas, watch the videos. It’s easy and informative. Let’s get creative today.

Regards,

Charlie

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.

Charlie Dresen- A Video on Selecting a Realtor

Monday, September 13th, 2010

Charlie Dresen- A Video on Selecting a Realtor

Selecting a realtor can be tough. And in Steamboat Springs there are 374 Realtors to choose from. How do you decide? Well, buying and selling real estate is one of the largest things you will do financially.

Selling and buying real estate is a big deal and one should always take it seriously. Never hire a friend, family member, acquaintance, or recommended agent based solely on your relationship with that person’s experience. It’s a lot of money. Hire an agent based on their professionalism, their expertise, their personality, and what services they will provide you. If it turns out to be your friend, mother, neighbor or recommendation, then that is great. But always interview the agent(s) and select the best one – the agent that provides a great service and will get the job done. I suggest interviewing 3 agents.

Pending Real Estate Sales in Steamboat Springs, Colorado

Saturday, September 11th, 2010

Pending Real Estate Sales in Steamboat Springs, Colorado

What’s going on in the Steamboat Springs Real Estate Market? I’m often asked. Well, I say, things are picking up a bit. A few more transactions this month. I thought a good indicator of what is going on is a snapshot of the pending sales. I’ve included all properties in and around Steamboat Springs. I’m not including properties in areas like: Hayden, Yampa, Phippsburg, or Oak Creek. I wanted to keep this more about Steamboat Spring real estate – time shares were included as well.

There are 94 pending properties today. That number has been fluctuating, give or take around 10 for about a year now.

Of the 94 properties:

50% or 47 properties are priced under $400,000
28% or 27 properties are priced $400,001 – $800,000
6% or 6 properties are priced $800,001 – $1,200,000
6% or 6 properties are priced $1,200,001 – $2,000,000
5% or 5 properties are priced $2,000,001 – $3,000,000
3% or 3 properties are priced $3,000,001 +

Resort Travel Increases and Steamboat Tourism Remain Strong

Wednesday, September 8th, 2010

Resort Travel Increases and Steamboat Tourism Remain Strong

ski resort travel

ski resort travel

Earlier this summer, RRC Associates held a Economic Summit in Steamboat Springs to review some data on tourism, travel, and how resort like Steamboat might be affected in the future. The news was pretty good. In the rougher economic times I would not have thought the data would have shown growth. But here are some of the highlights:

• Occupancy rates are increasing for resort hotels
• Job security higher for mountain travelers
• Steamboat Springs summer visitor have positive impressions
• Skier visits up 4.2% nationally from 2008/2009
• Rocky mountains make up 20.7% of ski vacation
• 2009/2010 ski season saw the 2nd best ever at 59.7 million in skier visits
• Rocky mountain saw an increase of 3.4% for skier visits last year from previous year
• In short, skiing is still a growing sport and people are still taking vacation in the mountains. And things are getting better

Steamboat Springs Skiing and Costume Day

Wednesday, September 1st, 2010

Steamboat Springs Skiing and Costume Day

Costume Day! The talking has started. It could be an epic year for snow in Steamboat Springs this year. La Nina could dump more powder snow this year than we’ve seen in years. I thought I’d post a little skiing of the last day of skiing – costume day.

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.