Archive for the ‘Foreclosure’ Category

Steamboat Springs, CO Real Estate Report for November

Friday, January 1st, 2016

Steamboat Springs, CO Real Estate Report

 

Silver ornament, photo by Charlie Dresen

Let it snow, let it snow, let it snow. And that’s exactly what has been going on here in the ‘Boat. Record snow fall and record real estate numbers.

Routt County Real Estate Analysis

November saw a 55% increase in sales volume over last November.  And Year To Date we are 11% over 2014 in sales volume. So 2015 is shaping to be a very good year for real estate values.  Transactions were up as well seeing a 38% increase in the number of transactions over November 2014. Keeping with strong numbers, Year To Date transactions are up 6% from 2014.


Residential Transaction Price Point Analysis

 

Price Point

# of transactions

% of transactions

Previous month % of transactions

% of volume

Previous month % of volume

Under $500K

47

63%

59%

30%

21%

$500,001 – $1M

19

26%

29%

29%

34%

Steamboat Springs, CO Real Estate Report

Tuesday, November 24th, 2015

Steamboat Springs, CO Real Estate Report

 

Sunrise over the Yampa River

Sunrise over the Yampa River

 

Happy Thanksgiving!

Steamboat locals and snow-lovers alike are particularly thankful this time of year because this is the week that Steamboat Ski Resort opens for the season! The ski area will open with its annual Scholarship Day tomorrow, Wednesday, November 25. This opening day tradition at Steamboat Resort is a fundraiser for the Steamboat Springs Winter Sports Club Scholarship Fund and has raised over $850,000 since 1991/92. Tickets are $30 for top-to-bottom access or $20 for the lower mountain. *Please note: season passes will not be accepted on Wednesday. The mountain opens for the season on Thanksgiving Day.

Routt County Real Estate Analysis

September was a good strong month for Routt County real estate transactions. Gross sales for the month were $58.9M, although that is down -27.6% compared to September 2014, that month last year was kind of anomaly with two $30M transactions. Overall, gross sales are up +4.2% for the year. 133 transactions were closed in September, up +3.69% YTD. 

Steamboat Springs, CO Real Estate Report

Saturday, November 7th, 2015

Steamboat Springs, CO Real Estate Report

snow and ski swap

 

Steamboat locals have packed away summer outdoor gear and are breaking out winter gear and clothing as we watch the slopes of the Steamboat Ski Resort being covered in snow, beautiful snow. Speaking of ski slopes, if you are still in need of gear or clothing, check out the annual Steamboat Springs Winter Sports Club Ski & Sports Swap.

 

Routt County Real Estate Analysis

Routt County is seeing resurgence in new home builds, echoing the national uptick in new home starts. According to an article in the Steamboat Pilot & Today on October 27, there were 5 new home building permits issued in September, all for homes with valuations of $829,000 to $1.4M. Two of those are for land initially purchased in 2004 before the market slowdown. Construction crews around town are busier now than they have been in years, not just with new builds, but also with remodels and additions. All good signs for the Routt County real estate market.

Steamboat Springs Real Estate Report

Tuesday, October 13th, 2015

Steamboat Springs, CO Real Estate Report

 

Yampa Valley Fall Colors

Yampa Valley Fall Colors

 

I hope you were able to see the beautiful fall colors here in the Yampa Valley over the past few weeks. At this point, most of the leaves have fallen and the mountains are looking ready for snow.

Speaking of which, you know that Old Man Winter is just around the corner, right? Is your home ready? Click here for a checklist of things to do to prepare your home for the cold and snow.

Routt County Real Estate Analysis

August continued the trend of strong real estate numbers and transactions for Routt County. Gross sales for the month was $62.4M, up +24+% compared to August 2014 and up +11.79% year-to-date.  150 transactions were closed in August. That’s the most transactions August has seen in 5 years.


Residential Transaction Price Point Analysis

 

Price Point

# of transactions

% of transactions

Previous month % of transactions

% of volume

Previous month % of volume

Steamboat Spring Real Estate Report

Wednesday, September 2nd, 2015

The Real Estate Report for Steamboat Springs, Colorado

Camping along the Elk River

Camping along the Elk River

School has started here in Steamboat Springs and like many families, we are trying to squeeze in as much outdoor fun as we can before we put our flip flops away.

By the way, did you know that 4th graders and their families get free admission to National Parks until August 2016? Click here for details.

Routt County Real Estate Analysis

June was a great month for Routt County real estate but July was even better. Gross sales for the month was $80.6M, up +32.1% compared to July 2014 and up +9.68% year-to-date.  168 transactions were closed in July up +54.13% compared to July 2014.

Pending Sales UP

Pending Sales UP

 Sales and UP

Sales and UP

 


Residential Transaction Price Point Analysis

 

Price Point

# of transactions

% of transactions

Previous month % of transactions

% of volume

Previous month % of volume

Under $500K

74

63%

70%

37%

41%

Steamboat Springs Real Estate Report

Thursday, August 13th, 2015

Steamboat Springs Real Estate Report

 

agriculture, routt county, steamboat springs, western heritage, hay field, mountains, hay

Hay field in Steamboat Springs, CO

I love the ever-changing scenery of Steamboat’s agricultural country this time of year. All the moisture we got in the spring made for beautiful green fields which are now many bales of hay.

For questions about the Steamboat lifestyle and our real estate, please ask me. I am passionate about my community and real estate.

 

Search all Steamboat homes, townhomes and condos by clicking this link.

 

Routt County Real Estate Analysis

 

June was a great month for Routt County real estate with gross sales of $61.7M. That is up +67.5% compared to June 2014 and up +3.75% year-to-date.  144 transactions were closed in June which is the most transactions closed in 1 month in nearly 5 years, up +28.6% compared to the previous year’s month of June.

 


Residential Transaction Price Point Analysis

 

Steamboat Springs Real Estate Report

Thursday, July 16th, 2015

Steamboat Springs Real Estate Report

 

rooftop deck, outdoor living, crawford avenue, old town, steamboat springs real estate, views, above old town

Colorado summers are meant to be spent outdoors.

Summer in The ‘Boat is pretty special. I hope you have been out and about this summer soaking up the sun, reeling in the fish, floating in the river and lounging on the deck.

For questions about the Steamboat lifestyle and our real estate, please ask me. I am passionate about my community and real estate.

 

Search all Steamboat homes, townhomes and condos by clicking this link.

 

Routt County Real Estate Analysis

 

While May was the best month for gross sales of Routt County real estate thus far in 2015 at $47.6M, that is down -15.67% compared to May 2014.  103 transactions were closed in May down -15.57% compared to the previous year’s month of May.

 

Price Point

% of transactions

Previous month % of transactions

% of volume

Previous month % of volume

Steamboat Springs Real Estate Report

Friday, June 19th, 2015

Steamboat Springs Real Estate Report

 

Lupine in bloom in Steamboat Springs

For questions about Steamboat’s real estate market and the Steamboat lifestyle, please ask me. I am passionate about my community and real estate. Search all Steamboat homes, townhomes and condos by clicking this link.

Routt County Real Estate Analysis

 

April was a decent month for Routt County real estate transactions with $38.9M in gross sales and 112 transactions. Compared to April 2014, this was up 1.7% in total gross volume and down 13% in transactions.

> 32% of April transaction volume was under $500,000 (74% in March)
> 19% of April transaction volume was between $500,001 – $1,000,000 (16% in March)
> 50% of April transaction volume was over $1M – $3M (10% in March)
>  0% of April transaction volume was over $3M (0% in March)
 4 bank sales
> 58% of transactions were financed / 42% were cash

April 2015 Routt County Real Estate Analysis

 

Steamboat Springs Real Estate Report

Thursday, April 30th, 2015

A Real Estate Slow Down – But don’t freak out!

The absorption rate is a strong indicator of the health of the real estate market. It’s measured in month of inventory and how long it takes for real estate to sell.

A healthy real estate market has 5-7 months worth of inventory.  But Steamboat Springs has such diverse properties that we have to look closer. I broke it down by price-points and Single Family | Townhome | Condo.  This is only properties within the city limits. Yes, we’re seeing a bit of a slow down. But it’s also mud season and a slow time for real estate – so don’t read too much into this.

Single Family Homes

Single Family Homes

 

Townhomes

Townhomes

Condo

Condo

Steamboat Springs Real Estate Report

Tuesday, March 31st, 2015

Steamboat Real Estate is often compared with other resort communities. Have you ever wondered how Steamboat’s prices compare to other resort towns? Wonder no more. Here is a break down of resorts and their median price sold for homes, condos and land. In the grand scheme of things, Steamboat Springs is quite affordable.
Steamboat Springs, CO compared to other resort markets

Steamboat Springs, CO compared to other resort markets

 

Local Steamboat Springs Market

It’s been a little slow for fresh snow and real estate this winter and the numbers reflect this.

February Real Estate Stats

February Real Estate Stats

 February was a slow month for Routt County real estate transactions with $16.2M in gross sales and 49 transactions.  This was down - 58.2% in total gross volume and down – 50% in transactions compared to February 2013.

> 40% of February transaction volume was under $500,000 (68% in January)
> 38% of February transaction volume was between $500,001 – $1,000,000 (21% in January)
> 22% of February transaction volume was over $1M – $3M (12% in January)
>  0% of February transaction volume was over $3M (0% in January)
 4 bank sales
> 48% of transactions were financed / 52% were cash