Similar to the Case-Shiller Home Price Index, the Steamboat Springs real estate remains relatively flat. But not flat in comparison to last year. The activity in volume and transaction is up significantly from 2009 and 2008.
Another good item I want to point out is that August saw 9 bank owned sales for a total of $2,876,000. For September, Steamboat saw 12 bank owned sales for a total of $6,616,700. This is a pretty sharp increase. This increase, although unfortunate, is a healthy sign that the distressed properties, the bank owned properties are being absorbed and flushed through the system. Like I’ve stated in the past, bank owned properties hurt real estate values and until the amount of those properties declines, we will not see real estate prices increase in and around Steamboat Springs.
This is a preview of Steamboat Springs Real Estate Market Report. Read the full story.
Case – Shiller report for August, 2010 reveal little changes for home values. Real Estate values are up slightly but remain relatively flat. Bringing it a little closer to Steamboat Springs, Colorado, the Denver home values were down 1.2%. Read more on the Denver Real Estate Home values click here.
Here are the 20 cities that make up the Case-Shiller report.
The new role of a Realtor – Predicting the future back in 1964
The role of a realtor has changed dramatically over the last 10 years. So much can be done using technology that a seamless transaction can be performed without the buyer or seller leaving their home or office. But this does not mean the role of the Realtor is just as passive. Quite the contrary, a progressive Realtor will go out if their way to bring the property to the buyers, or make sure the seller’s home can be views 24 hours a day with pictures and an HD video. Just another way the role of a Realtor is changing.
Woke up this morning, October 25th, 2010 to heavy snow. It’s forecasted to dump 8-14 inches over the next couple days. There’s something very unique about living in the Rocky Mountain. The weather is can be so predictable – like sunshine almost everyday in the summer. And snow during the winter months. But these days in between can produce anything.
MSNBC says -Steamboat Springs, Colorado, known for kid-friendly skiing
We’re not just selling homes anymore. We’re selling the area, the lifestyle, and of course the skiing at Steamboat Springs, Colorado. What are you selling?
This recent MSNBC article is nothing new to those that live here or visit Steamboat Springs. The Steamboat community and ski area are truly a paradise for kids and their parents. This kid-friendly community offer a plethora of activities for all ages. From the Old Town Hot Springs to the Steamboat Springs Winter Sports Club and everything in between, Steamboat Springs is amazing.
The Steamboat Springs area never fails to amaze me. And the colors around this time of year are truly spectacular. This shot was taken in my Fish Creek Falls neighborhood looking up the Steamboat Ski Area. And another great feature about living in Steamboat Springs or owning real estate in Steamboat, is that much of the residences offer these kind of views. Either out you window, or driving around town, or biking down the core trail, fishing the Yampa river, or running around town, views like this are all around. And if you want to see some colors of summertime in Steamboat, take a look at this HD video of: Summertime in Steamboat Springs.
Stemming from this post just last week where several major banks halted their foreclosure proceeding, “Red Light / Green Light Foreclosures” today, Bank of America has resumed their process in 23 states. A rather quick audit revealed no errors. Bank of America resumes foreclosure in 23 states. Again, this did not and will not affect Steamboat Springs foreclosure proceeding much at all. But it is another hurdle in the recovery. Foreclosures in Steamboat Springs has been increasing over the last few months. This will affect real estate values on all properties in Steamboat.
There are many buyers looking at Steamboat Springs real estate – and they are looking for those great deals.
This months deal of the month is a 2600 square foot home in the fish creek area of Steamboat Springs. It’s located on a dead-end street and very kid friendly. The home was built in 1980 but was extensively remodeled a few years ago. It is bank owned and ready to be occupied. Oh, you’ll need to buy a refrigerator. But at this price that’s not bad. It’s a 4 bedroom home with a great yard. I’m thinking it will sell fast.
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.
This is a preview of Deal of the month in Steamboat Spring $485,000 SOLD. Read the full story.
Foreclosures: Red Light / Green Light – How it Hurts Steamboat Real Estate Values
It’s all in the news: Major banks halting foreclosures. The real estate values in Steamboat Springs are being effected by foreclosures. Without a doubt, values are dropping when bank owned properties come back on the market at 10-40% off market prices of comparable properties. And this trend in Steamboat is setting the values from neighborhood to neighborhood. If you own real estate in Steamboat Springs, or Hayden, Oak Creek, Silver Spur, or anywhere in Routt county, your property is worth less today than it was a month ago. And until we see a dramatic slowing in foreclosed properties, our values and prices will continue to drop or remain flat at best.
Case-Shiller Report = Home Prices Flat- Sep 28th – How does that effect Steamboat?
Case-Shiller Index has been monitoring home prices in the United States for years. Similar to the S & P index, Case-Shiller looks at home prices in 20 cities. The September 28th report found home prices flat. Which for all accounts is pretty good news and should help in consumer confidence. The graph below is pretty telling, stating that home prices are averaging around 2003/2004 prices. And here in Steamboat Springs, we’re not that far off. This is a bit correction that hurts all home owners.
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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.
"Charlie is by far the most effective and personable realtor I've ever worked with. He did a wonderful job of working with me from thousands of mile away. Even though I technically bought my place sight unseen, he sent me so many great videos and pictures that when I walked in my new vacation home, I knew every inch and didn't feel it was my first time there."
