Archive for the ‘real estate sales in Steamboat Springs’ Category

STEAMBOAT SPRINGS, CO MARKET REPORT FEB 2018

Thursday, February 8th, 2018

Steamboat Springs, CO Market Report for February 2018

Get the latest news in the local market today!

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Lets talk inventory!

Limited residential inventory has been an increasing issue since the end of the recession. With fewer homes for sale, competition for buyers is fierce, and homes spend less time on the market and prices are driven higher. Inventory shortages are becoming a national crisis and there is no single cause – and consequently no single solution. Here’s a look at some of the factors contributing to local inventory woes in a little more detail:


The migration slowdown. Americans are moving less than they have historically done.

  • - The widening price gap between starter homes and next level homes means that home buyers cannot afford to make the leap and upsize. The increase in housing costs and the equity built into inexpensive starter homes purchased years ago leaves would-be buyers at a loss. Thus home owners are staying put.

STEAMBOAT SPRINGS, CO MARKET REPORT JAN 2018

Monday, January 8th, 2018

Steamboat Springs, CO Market Report for January 2018

Get the latest news and find out what is hot in the local market today!

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Thank you to the following companies for providing some of the statistics discussed:

Land Title Guarantee Company (click for full November report)

*S&P Core Logic Case-Shiller Home Prices Indices (click for latest figures)

Steamboat Springs Board of Realtors (click for November roundup)

Follow us at SteamboatsMyHome YouTube for a variety of fun video blogs. And if you have any real estate questions you’d like answered send me a text or email - 970-846-6435 or charlie@steamboatsmyhome.com

See you next time!

Charlie

 

Hunting for a Mountain Area Home?

Thursday, December 28th, 2017

Hunting for a Mountain Area Home?

New to the market is this great townhouse on Hunters Drive – a quiet residential neighborhood with community pond, walking trails, on the city bus loop, and just a few minutes from the Steamboat Ski Area. The home lives like a duplex and feels spacious and private courtesy of the expansive decks, plentiful windows and thoughtful layout.

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The attached two car garage is a prime feature in this snowy mountain town. It also serves to add privacy between the two sides of the home.

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Vaulted ceilings, hickory wood floors, abundant natural light make for a warm and inviting living area. Opening to the dining area and onto the large and sunny decks, this is a great design for entertaining.

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The kitchen is discretely positioned to take advantage of the great views whilst remaining user friendly and hiding dishes from sight.

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Steamboat Springs, CO Market Update November 2017

Friday, November 10th, 2017

Steamboat Springs, CO Market Update for November 2017

Welcome to our monthly Real Estate video market report!

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The real estate market in Steamboat Springs and Routt County remains strong. Limited inventory and strong demand in many areas of the market has created competition for new listings, consequently decreasing the number of days homes are staying on the market and creating favorable pricing conditions for sellers.

Federal interest rates remain unchanged this month however a rate increase is anticipated in December. So we may be seeing a bump in mortgage rates in correlation to this change should the forecast be accurate. Something to consider if you are looking to purchase in the near future, it may be worth your time to speak with your local lenders today!

Thank you to the following companies for providing some of the statistics discussed:

Land Title Guarantee Company (click for full September report)

S&P Core Logic Case-Shiller Home Prices Indices (click for latest figures)

STEAMBOAT SPRINGS, CO REAL ESTATE REPORT & Building Boom

Wednesday, October 11th, 2017

Steamboat Springs, CO Real Estate Report for October, 2017

Click below for the latest Market Report brought to you by SteamboatsMyHome!

Screen Shot 2017-10-11 at 3.25.50 PMThe real estate market in Steamboat Springs continues to be strong. Primary residences are the area where were seeing the most activity. Low inventory and a strong demand has fueled prices to raise. As we head into ski season, we’ll see a transition from primary homes and town homes to more activity around second homes and ski area properties.

Thank you to the following companies for providing some of the statistics discussed:

Land Title Guarantee Company (click for full August report)

S&P Core Logic Case-Shiller Home Prices Indices (click for latest figures)

Steamboat Springs Board of Realtors (click for August roundup)

Tune in next month for another fun discussion. And if you have any real estate questions you’d like answered send me a text or email - 970-846-6435 or charlie@steamboatsmyhome.com

See you next time!

A SMARTER RADON DETECTOR

Friday, October 6th, 2017

A Smarter Radon Detector

If you regularly read my blogs or have purchased real estate in Routt County, you probably know that radon levels are high in more than half of all homes here. Higher than the EPA recommends and higher than is safe for you and your families long term health (radon is considered to be the second leading cause of lung cancer in the US today!).

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*Image courtesy of www.airthings.com

If you don’t, then lets catch you up on the nitty gritty of radon. Radon is an odorless, colorless, tasteless radioactive gas that comes from the natural breakdown uranium in the ground. Trace amounts of uranium are located all around us, and therefore so is radon. Which just happens to be highly toxic. Outside in nature this gas is dispersed enough that our body can react accordingly. However when radon seeps into your well insulated, well sealed home, it essentially becomes trapped and concentrated in the air you breathe. Click here for more information on radon in your home.

Steamboat Springs, CO Real Estate Report

Monday, August 14th, 2017

Steamboat Springs, CO Real Estate Report

Join us for a lively discussion about the local real estate market!

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Thank you to the following companies for providing some of the statistics discussed:

Land Title Guarantee Company (click for full June report)

Steamboat Springs Board of Realtors (click for full July Report)

S&P Core Logic Case-Shiller Home Prices Indices (click for latest figures)

Tune in next month for another fun discussion. And if you have any real estate questions you’d like answered send me a text or email - 970-846-6435 or charlie@steamboatsmyhome.com

See you next time!

 

Steamboat Springs, CO Real Estate Report

Friday, June 2nd, 2017

Steamboat Springs, CO Real Estate Report

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Routt County real estate had a solid activity in April. Gross volume was $72.5M, +38.79% compared to last April, with YTD at +47.10%.  It’s important to note however, the transfer of a hangar at Yampa Valley Airport for $21.9M impacted the GV significantly. If we remove that transaction from our figures, April 2017 is mostly consistent with April 2016 Gross Volume.  There were a total of 98 transactions: -14.04% from April last year and +15% YTD.

Here is a closer look at the 64 residential transactions that took place in April:


Residential Transaction Price Point Analysis April 2017

Price Point

# of transactions

% of transactions

Previous month % of transactions

% of gross volume

Previous month % of gross volume    

Under $500K

 27

46%

38%

20%

17%

$500,001 – $1M

 21

36%

46%

32%

43%

$1M – $3M

 11

19%

17%

40%

40%

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:

A CO A SFH A TH

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