Archive for the ‘Interest Rates’ Category

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:

Screen Shot 2017-03-13 at 10.46.31 AM

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.

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.

Steamboat Springs, CO Real Estate Report

Thursday, March 31st, 2016

Steamboat Springs, CO Real Estate Report

Just when we were getting ready to bust out the shorts, winter revisited with a vengeance – 13 inches in the last 48 hours as measured by the Steamboat Ski Resort. Spring is such a great time of the year! Don’t forget there is a lot happening in Steamboat in the next couple of weeks as the close of the ski season draws near. Click here for our top picks.

 

Steamboat Springs Blanketed in Snow. Courtesty Steamboat Pilot & Today.

Steamboat Springs Blanketed in Snow. Courtesty Steamboat Pilot & Today / Taken by John F. Russell.

 

Routt County Real Estate Analysis

February was a strong month for real estate sales in Routt County. Gross sales for the month totaled $32.3M, up +99.45% compared to February 2015.  This comprised 63 transactions, an increase of +28.57% compared to last February. Almost half of the months sales were properties sold under $400K however it was 2 sales of over $3M which made up 34% of gross volume.

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