Archive for October, 2010

Steamboat Springs Real Estate Market Report

Thursday, October 28th, 2010

Steamboat Springs Real Estate Market Report

Steamboat Market Report

Steamboat Market Report

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.

Case Shiller Report: Real Estate Home Prices are Flat

Thursday, October 28th, 2010

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.

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.

The new role of a Realtor – Predicting the future back in 1964

Tuesday, October 26th, 2010

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.

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.

First snow in Steamboat Springs, Colorado -Video

Monday, October 25th, 2010

First snow in Steamboat Springs, Colorado -Video

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.

So I got to work reading about Bernanke’s inspection of the foreclosure crisis.
And then the Rebounding of home sales.

But then I saw the snow was getting heavy and needed to be dealt with. So I did.

Then I made this video.

First snow in Steamboat Spring – October 25th 2010 HD Video

MSNBC says -Steamboat Springs, Colorado, known for kid-friendly skiing

Sunday, October 24th, 2010

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.

Here is the MSNBC story about Steamboat Springs.

And if that’s not enough to get your interests, try this HD video of the summertime In Steamboat Springs.

 

Steamboat Skiing

Steamboat Skiing

Wonderful Fall Colors in Steamboat Springs

Sunday, October 24th, 2010

Wonderful Fall Colors in Steamboat Springs

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.

Green light again for B of A on Foreclosures

Monday, October 18th, 2010

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.

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.

Deal of the month in Steamboat Spring $485,000 SOLD

Sunday, October 17th, 2010

Deal of the month in Steamboat Spring  $485,000 SOLD

Update: There were more that 4 offers on this home. It will sell for over asking price. 95 Telemark Court, Steamboat Springs

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.

Foreclosures: Red Light / Green Light – How it Hurts Steamboat Real Estate Values

Wednesday, October 13th, 2010

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.

But what’s behind the halting of foreclosures? Click here to read a prime example of a foreclosure example.

And it just continues: banks saw a rough day as this unfolds. See how Bank of America and Wells Fargo are all effected.

Case-Shiller Report = Home Prices Flat- Sep 28th – How does that effect Steamboat?

Sunday, October 10th, 2010

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.