Archive for March, 2017

Steamboat Springs Absorption Rate Shows Healthy Market

Thursday, March 16th, 2017

Steamboat Springs Absorption Rate Shows Healthy Market

Absorption rates are a strong indicator in determining the health of a Real Estate Market. For those of you who have heard us use this term but aren’t sure what it means: absorption rate is defined as how many months it would take to sell all the homes currently listed for sale, at the current rate that homes are selling.

A healthy real estate market is 5-7 months worth of inventory e.g. if there were 60 homes listed for sale and on average 10 homes sold per month, the absorption rate would be 6 months. An absorption rate much less that this would suggest a sellers market (demand exceeds supply, higher prices) while a rate much greater indicates a buyers market (surplus supply, greater negotiating power).

In Steamboat Springs the absorption rates have shown some fluctuation, but the latest figures indicate a healthy market overall:

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Choosing the Loan that’s Right for You

Monday, March 13th, 2017

Choosing the Loan that’s Right for You

Buying home is one of the biggest decisions, and more likely one of the biggest financial obligations that you’ll make in your life. Add in getting a mortgage… it’s exhausting to say the least. Now whilst interest rates and lender offers fluctuate, here is some information which might help narrow down what style of mortgage might be right for you:

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30 Year Fixed Rate Mortgate. This tends to be the most popular loan choice, particularly if one plans to live in the home long term (10+) years. You’ll probably pay a higher interest rate but it removes the uncertainty of what your payments will be each month.

15 Year Fixed Rate Mortgage. If you can afford higher monthly payments this may be a good choice for you. You have the same security of a fixed loan rate but you can typically qualify for a lower interest rate and consequently pay less over the life of the loan.

Who Doesn’t Love A Retro Mountain Lodge!

Monday, March 6th, 2017

Who Doesn’t Love A Retro Mountain Lodge!

Some homes ooze charm, and this is one of them! From the outside we see a classic mountain lodge design: wood siding and stone detailing, sharp rooflines set in a pristine natural landscape.

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From the inside, channel your inner 80′s and enjoy the warmth and coziness of a bygone era.

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And if retro isn’t your thing, just imagine the possibilities! From the 2.81 acre block to the stunning views of Fish Creek Canyon and the Steamboat Ski Area, some things never go out of style.

View full listing here.

Charlie Dresen
Real Estate Associate Broker | Sotheby’s
Local Knowledge | Global Exposure | Defining Service 
970-846-6435  | SteamboatsMyHome.com
610 Market Place Plaza, Steamboat Springs, CO 80487

 

Steamboat Springs, CO Real Estate Report

Friday, March 3rd, 2017

Steamboat Springs, CO Real Estate Report

Before we dive in I’d like to share with you the successes of Sotheby’s International Realty. 2016 was an incredible year for the brand and it is exciting to be a part of it all. And most importantly, thank YOU for being part of my own personal success as well as that of Sotheby’s!

Routt County Real Estate Market 

We jumped right into 2017 with a strong start to the year.  Gross volume was $45.9M, up 23.45% compared to last January, and there were 78 transactions, up by 1.3% from the same period last year. Overall January volume was given a boost with the sale of a $9.79M ranch just outside of the Steamboat city limits.

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*Figures compliments of Land Title Guarantee Company
There is still plenty of demand and limited inventory for properties in the Routt County Market. Currently 147 pending sales are recorded and there were 126 new listings that came to the market in the past 30 days. 

The Best Views In Town!

Thursday, March 2nd, 2017

The Best Views In Town!

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What happens when great design, an ideal location and stunning views converge? You get 260 Storm Peak Ct. For all you potential buyers out there, you’ll be happy to know this home was just listed for sale! Seriously, we can’t say enough great things about this home…

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Click here or call me for more listing information and photos.

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Charlie Dresen
Real Estate Associate Broker | Sotheby’s
Local Knowledge | Global Exposure | Defining Service 
970-846-6435  | SteamboatsMyHome.com
610 Market Place Plaza, Steamboat Springs, CO 80487

 

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