Living in Steamboat Springs is a healthy environment. And now, Steamboat Springs can add one more healthy thing to their diet. Coffee.
Good coffee is important. Bad coffee might just not be worth drinking. In Steamboat Springs, we have several choices for coffee – some good, some not so good. But at least we have choices. And today, a study was released stating that coffee drinkers are a little more likely to live longer.
Zillow, Trulia, Homes.com are Misleading Steamboat Springs, Colorado
Zillow.com, Homes.com, Trulia.com, and Realtor.com are syndication real estate website like pretty slick and offer some cool tools and decent information. I’m all about providing real estate information and in some ways I like the theory of these sites. These are very popular real estate websites and have a huge national presence. But these real estate sites are all about revenue.
The problem with these syndication sites is the data they provide is often inaccurate and misleading real estate information. These are nation real estate websites. But people use them for their specific, local real estate markets. And these websites do not have direct feeds from local MLS’s throughout the country. So they get their listings or MLS data from other sources. And many times, that information is wrong and misleading.
This is a preview of Zillow, Trulia, Homes.com are Misleading Steamboat Springs, Colorado. Read the full story.
Syndication websites are websites like Trulia.com, Zillow.com and Realtor.com. These sites have one purpose: TO MAKE MONEY.
There syndication real estate websites appear as if they provide accurate data to the public regarding real estate. They appear as if they ARE the MLS (Multiple Listing Service). They appear to be the unbiased source for real estate information. The local real estate expertise. But they are not. These sites are around to make money.
Unfortunately these sites have gathered enough traction in our information thirsty age that they are thriving. They are very popular and higher ranking sites in the eyes of Google.
Information to the public is great. Don’t get me wrong, I’m all about providing accurate information. The problem with these sites is they don’t provide accurate information. Because these syndication sites don’t get instant updates for the “real” MLS’s, the data could be absolute, misleading and more importantly, inaccurate.
This is a preview of Syndication Real Estate Websites: An Eye Opening Topic. Read the full story.
It depends on what sectors, properties and market statistics you are looking at whether the caption can say the Steamboat market is up or down. Is this an actual real estate recovery or just a blip in the radar of a longer cycle that we are still on the downside of?
According to Inman News, for the 7th month, national home prices of non-distressed properties have declined. But those are nation numbers. Remember, real estate is local. Entry-level homes in Steamboat Springs are selling well, and there has been a resurgence in many luxury homes around Steamboat as well. We’ve seen increased sales across the board, with the most desirable homes being entry-level homes in close-in neighborhoods such as Fish Creek Falls area, the Mountain area and even a strong uptick in Old Town.
This is a preview of Is the Steamboat Springs Market Getting Better?. Read the full story.
Steamboat Springs Real Estate Market Report for March 2012
The March numbers came out for the real estate market report this week. Keep in mind these are Steamboat Springs real estate transactions that closed in March, 2012. This means these properties went under contract roughly 30-60 days prior, or in January and February. I monitor the pending sales each months and back in January there were only 77 pending properties. Today there are 143. What this means is that we are just starting to see all these pending sale begin to close. In other words, the future looks a lot brighter than these March numbers. Here’s the trends for pending sales the last 5 months:
Dec. = 71
Jan. = 77
Feb. = 102
March = 132
April = 143
This is a preview of Steamboat Springs Real Estate Market Report for March 2012. Read the full story.
The absorption rate for Steamboat Springs Real Estate is showing the rebound is happening. The absorption rate is a strong indicator of the health of the real estate market. I high absorption rate says people are buying real estate. It’s usually shown by the amount of months of inventory.
A healthy real estate market is 5-7 months worth of inventory that’s on the market. 16 months ago we were at 18 months worth of the real estate inventory. Today, for single family homes we are at 8 months worth of real estate inventory in Steamboat.
So the real estate economy in Steamboat Springs, Colorado is well into a strong rebound which is encouraging news for real estate in Steamboat Springs and the areas of Fish Creek, Old Town, and the Mountain area.
Video on the Absorption rate in Steamboat Springs, Colorado for April 2012.
Real Estate is local. Whatever is happening in the Steamboat Springs real estate market has nothing to do with what is happening in Boulder, or Houston, or Chicago. But there are similarities with the Steamboat Springs real estate and other small resort towns like Bend, Oregon.
Absorption rate in Steamboat real estate has gone form 18 months of inventory a year and a half ago to roughly 7 months of inventory. Bend Oregon has seen similar real estate trends and they are seeing such a reduction in inventory that multiple offers and prices are on the rise.
Recent Case Shiller numbers we not as friendly to real estate values. Sorry, English teachers, I know Case –Shiller has nothing to do with real estate value. But it wasn’t not all negative.
Prices were up compared to a year ago in just five cities: Denver, Detroit, Miami, Minneapolis and Phoenix.
This is a preview of Case Shiller up – down – up – down. Read the full story.
World’s 25 Best Ski Towns: Yep, Steamboat’s on the List.
National Geographic put the feelers out for the “25 World’s best ski towns.” Now I assume they are not talking about the 25 best ski areas. That might something completely different. Ski Towns are something, as Aaron Teasdaleput’s it: Just what makes a classic ski town? It starts, naturally, with skiing and snowboarding so good they attract people like youth-bestowing fountains. Then add an inviting mountain burg steeped in ski heritage, amenities, and culture. These are the 25 best. For insider tips, we asked local luminaries where to stay, play, and party, whether you’re on a budget or indulging.
Steamboat Springs voted World's Best 25 Ski Town
This is a preview of World’s 25 Best Ski Towns: Yep, Steamboat’s on the List. Read the full story.
Steamboat Springs More Favorable than National Foreclosure Numbers
RealtyTrac Inc. reported today that the number of homes receiving first time foreclosure notices nationally rose 7% in March from February numbers. This marks the third consecutive month this year that foreclosure notices have increased nationally. It was a known fact that shadow inventory exists, and now it’s becoming evident just how many unpaid mortgages were hung up in the banking system awaiting a court settlement that came through in February. With the $25B settlement reached, it’s clear that banks have resumed their quest to address unpaid mortgages.
We have a brighter picture in Steamboat Springs, although truth be told, it’s only brighter on paper, because for those Steamboat Springs home owners being foreclosed on, there’s nothing good about this news.
* In Steamboat Springs/Routt County, 65 foreclosures were filed in the first quarter of 2012
* This first quarter foreclosure number puts Steamboat Springs on pace for 46 fewer total foreclosures than last year
This is a preview of Steamboat Springs More Favorable than National Foreclosure Numbers. Read the full story.
The cost to heating a home can be very costly. Especially in Steamboat Springs, Colorado where the temperatures can drop to negative figures for days on end during the winter. So if you’re looking to buy real estate in Steamboat, pay special attention to how the home is heated. This issue is often overlooked, but given the glut of natural gas these days, it’s matters even more. If the home your looking to buy is heated with natural gas, your heating cost will be a lot lower then if it’s heated with oil, propane or electric.
Natural gas supplies
Cost per month of heating a home:
• Propane = $226 per month
• Natural gas = $79 per month
If you were buying a home today, the cost of heating that home is critical to what you can afford. Taking in the difference from heating with oil and heating a home with natural gas, the difference is huge.
This is a preview of Heads Up in Home Buying: The Game is Heating Up. Read the full story.
"Charlie's artistic eye for detail captured the essence of our home which we had just remodeled, and we were very pleased with the results. He remained positive and professional throughout the listing and sale to all parties concerned - nice to work with! We would highly recommend Charlie Dresen as a Steamboat realtor!"
