Archive for November, 2016

The Best First Home In Steamboat

Monday, November 21st, 2016

The Best First Home In Steamboat

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It can be tricky to buy an “entry level” home in Steamboat Springs. There is limited availably of homes in the lower price brackets, getting a loan can be tricky in developments which allow certain types of ownership, and condo’s can sometimes present a problem for lenders as well. Not to mention the fact that no matter whether a first time buyer or current homeowner looking for a change – everyone has a wish list!

But here we present to you a home that we think checks all the boxes to be deemed the “best first home in Steamboat!”

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A. It’s a townhome.

No more shoveling the walkways, ploughing the driveway, or dragging trash to the curb. The HOA will take care of all of that for you, meaning you have more time to do the things you enjoy most!

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B9

Emotion, The Key To Selling Real Estate

Monday, November 7th, 2016

Emotion, The Key To Selling Real Estate

Whether we realize it or not, it isn’t logic that drives most of our life decisions. We make decisions based on an emotional response and then use facts to rationalize our choices. Successful businesses have one key factor in common – they market their products to tap into peoples emotions, whether it be selling an image, a lifestyle, or our own personal values.

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Buying a home is one of the biggest investments one makes in their lifetime. And being that a home is a personal escape, a place to raise our family, to be part of a community – or not to be, it is also one of the biggest emotional decisions one makes. Before purchasing a property buyers might have a checklist of wants and needs. But after looking at looking at 10 or 30 homes, it is the property they felt the strongest connection to that will get the offer. And this connection needs to begin the moment the buyers see that listing, so when they walk through that door a psychological link has been established.

Steamboat Springs, CO Real Estate Report

Thursday, November 3rd, 2016

Steamboat Springs, CO Real Estate Report

How’s the market Charlie?  Well, I’d have to say the majority of the real estate market is very good. Running the current absorption rate, we see almost every segment of the market is very good with a couple exceptions. Medium to high-end condo activity remains slow with limited buyers and high inventory. Other than that, its trending to be a seller’s market with prices on the rise.

 

Steamboat Springs Absorption Rate

Steamboat Springs Absorption Rate

Steamboat Absorption Rate Nov 2016

Routt County Real Estate Market 

Third quarter figures are out with a great close to September 2016, with 176 Transactions and $80.5M in Gross Volume. Year over year figures show September Gross Volume up +36.55% and transactions up +32.33%!

There was particularly strong sales of upper end properties in September – 19 properties sold for over $1M, including a ranch listing just outside of town for $7M. In August 2016 there were 11 properties sold for over $1M.