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

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!

Screen Shot 2017-11-10 at 1.15.57 PM

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!).

Screen Shot 2017-10-05 at 10.40.37 AM

*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!

Screen Shot 2017-08-14 at 10.50.34 AM

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

Screen Shot 2017-06-02 at 2.44.20 PM

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.

29139178273_4a4267dcf1_o-2 29728126346_41d641a3dc_o-3 32388881200_7c7e552c6f_k

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

32769051845_aae09198d8_o-3 32769038775_3ba855a65c_k 32607278341_39d2079807_o

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.

Screen Shot 2017-03-03 at 11.46.22 AM

 

*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. 

Steamboat Springs, CO Real Estate Report

Thursday, February 2nd, 2017

Steamboat Springs, Year End 2016 – CO Real Estate Report

Year end figures for 2016 are here! Let’s review:

Routt County Real Estate Market 

We had projected, based on high “pending” sales during December and dollar volume that 2016 would exceed 2015. But well fell just short with volume less than 1% below 2015 numbers. December was a reasonable month but down from the same time last year with 131 Transactions and $79.9M in Gross Volume.  Compared to last December, Gross Volume was off by -19.45%, with the YTD. at -0.75%.  Transactions were also off by -7.75% compared to last December, with the YTD. at +5.63%.

 

I do however, predict the January and February numbers to increase because of the high amount of pending sales we have today.

 

*Figures compliments of Land Title Guarantee Company

*Figures compliments of Land Title Guarantee Company

 

Here is a quick snapshot of 2016 year end values for Routt County sales:

Steamboat Springs, CO Real Estate Report

Sunday, January 1st, 2017

Steamboat Springs, CO Real Estate Report

As 2017 begins and we reflect on the year that was, we can say that 2016 was a good year for real estate in Routt County. However the November figures were a little unexpected as you’ll see below.

Routt County Real Estate Market 

Screen Shot 2017-01-01 at 9.14.58 PM

The Steamboat Springs Board of Realtors November 2016 Monthly Report provides us with a great snapshot of the Steamboat Springs residential market. Some key market figures for both single family homes (SF) and condo / townhomes (C/T):

- YTD new listings +9.3% SF, +2.4 C/T

- YTD pending sales +12.5 SF, +9.2 C/T

- YTD sold +14.2 SF, +8.7 C/T

- YTD median sales price +13.1 SF, +3.1 C/T

- YTD active listings -6.3 SF, -20.5 C/T

New listings to the market are up yet active listings are down. This coupled with the a significant drop in YTD days on market shows just how tight housing inventory is in Routt County.