May 16th the Colorado Division of Housing reported a 41 percent decrease in foreclosure filings in Colorado. There were 4,571 foreclosure filings the first quarter of 2013 across the state compared to 7,785 during the same time period last year. Actual foreclosures were down 30.5 percent from first quarter last year.
Wow.
Foreclosure filings differ from foreclosures. Foreclosure filings are the paperwork; actual sales happen over 100 days later. During this time, borrowers and lenders try to work towards an agreement to bypass foreclosure. This may involve options like short sale or re-financing.
Routt County Real Estate Tax Assessment- Don’t Freak Out
routt county tax assessment
Last week, Routt Country sent out the new real estate values to all home owners in Steamboat Springs, Colorado. Many of you are reading about the Steamboat Springs real estate recovery yet looking at your recent assessed value for your home and reading that it’s worth about 10, 20, even 30% off what you had thought your home might be worth. You are not alone. These assessed values are calculated off of a June 30, 2012 date. Or something around that date.
The assessed value you read today are not accurate. These amounts are a guesstimate based on the sales price of homes in the past. It’s very likely your home is worth more . . . a lot more!
This is a preview of Routt County Real Estate Tax Assessment- Don’t Freak Out. Read the full story.
Marabou Ranch sells remaining lots for over $11+ million dollars. The Marabou Ranch Subdivision , one of Colorado’s premiere fishing developments, sold last month to an investment group with ties to William Stolz and the Stolz Group out of Georgia.
Sales for March:
Dollar volume was up 46.5% the month of March compared to last year! However, that is a little misleading because the actual number of transactions was 28% less than the same time last year. We just had two, high-end, five million dollar sales which threw our numbers off a little. Three sales over 3 million dollars grabbed 46% of the dollar volume of sales.
This is a preview of Steamboat Springs Market Report May 2013. Read the full story.
There are many indicators that our recovery from the Great Recession is on the upswing and the housing market plays a major role in this. Standard & Poor’s 500 closed recently one point away from the all-time high from October 2007. But that is only interesting to approximately 53% of Americans who are in the stock market. According to a 2012 Gallup poll, this is the lowest number since Gallup started tracking this number. A lot of people are not that confident in the stock market . . . another interesting statistic is close to 100% of Americans live inside. I haven’t verified this data but, I’m pretty confident. That is one reason the housing market is such a good indicator of our economy.
This is a preview of Housing Plays a Major Role in our Economy. Read the full story.
146 pending sales today! There’s never a dull moment in Steamboat Springs real estate. I just viewed a home that was on the market for 2 days had 12 showings and multiple offers. If you’re a seller, things are looking up! If you are a buyer, we’ll have to work a little harder…Roughly 30% of the market here is on fire. The remaining market is still flat
Here are some of the highlights for the real estate market in Routt County-double click the images to see larger:
Routt County Transactions:
February home sales increased by 37% from January in gross dollar volume. Total transactions were up 36% from January.
Routt County Transactions
(double click images to see larger)
Market Analysis by Area:
As usual, the Mountain area leads the total number of transactions in the month of February getting over 28% of the total volume (yes, the column title is wrong but you get the idea.)
This is a preview of Steamboat Springs Real Estate Market Report April 2013. Read the full story.
A Rebounding Real Estate Market in Steamboat Springs
The mountain area had the highest number of transactions at almost 32% and the mountain area had over 51% of the total dollar volume for January 2013. The columns titles appear to be switched but you get the idea.
24% of the sales in January were between $300,001 and $500,000 – see chart below:
Total numbers for 2011 and 2012 are below. Overall, gross dollar volume of residential homes in 2012 increased from $309,438,000 to $347,170,000
If you’re looking to sell or buy real estate in the near future, I’d love to chat.
Steamboat Springs and National Market Update – March 2013
National Home Prices:
National home prices are improving. Fiserv Case-Shiller projected March 4, 2013 that home prices across the nation will grow by 3.3 percent every year for the next 5 years. As we reported to you last month, 2012 was the first positive year for both home prices and home sales volume increases since the market crash. According to Case-Shiller, 2012 was as close to normal as we’ve seen since 1997!
Fiserv Case-Shiller Home Price Index measures the health of the housing market across the country. It tracks data from repeat-sales of residential homes from 20 metropolitan regions and nationally.
This chart from Standard & Poor/Case-Shiller shows the national home price trend. Overall, there was a 7.3% gain in the fourth quarter of 2012 compared to the same time 2011.
This is a preview of Steamboat Springs and National Real Estate Market Update – March 2013. Read the full story.
Steamboat Springs Real Estate Market Report January 2013
Charlie in Spain headed to Telemark World Championships
The Steamboat Springs Real Estate Market data for January 2013 is finally here. Let’s start with March first: in the Steamboat Springs MLS, there are 113 pending properties. A 10% increase over last month and the real estate market continues to improve. In the past 10 days, 16 properties sold in the Steamboat Springs area for a total of $11,439 million. The highest price was a $5,600,000 million single family home in Priest Creek.
As we head into springtime in Steamboat Springs, inventories remain low with 1,589 active listings, 18 short sale and 14 bank owned. A huge decrease over one year ago (1,754 listing, 32 short sales, 42 bank owned)
With strong sales and a continuing of pending sales and the decrease in inventory, prices are likely to go up for single family home and townhomes within Steamboat.
This is a preview of Steamboat Springs Real Estate Market Report Jan 2013. Read the full story.
Retiring in Steamboat Springs? Casey’s Pond May be an Option
Lifestyle is why many of us love living in Steamboat Springs. Retiring to Casey’s Pond Senior Living Community will let people maintain their connection to all the wonderful parts of Steamboat Springs while getting the extra assistance they may need down the road. As we age, so do our parents. Casey’s Pond will also enable some of us to bring our parents closer to home and family.
Skiing at Steamboat Springs Mt. Werner Ski Area
Hiking in the fall
Casey’s Pond will be a private, not-for-profit continuing care senior living community and will be the first of its kind in a mountain community. This new complex will provide seniors numerous living options not only for Steamboat Springs but for communities in the surrounding 150 mile area. In addition, it will have the first memory care unit in Routt County.
Casey’s Pond in Steamboat Springs
This is a preview of Retiring in Steamboat Springs? Casey’s Pond May be an Option. Read the full story.
As I’ve been saying for the last 8 months, the Steamboat Springs real estate market is continuing to improve. December 2012 was the best month of 2012. December 2011 was a good month. And December 2012 was even better.Steamboat Springs Market Report Dec 2012
$$$ Dollar volume increased a whopping 56% compared to December 2011 and the number of transactions decreased 4%.
For the year 2012 compared to 2011, the dollar volume increased 7.4% while the number of transactions decreased 15.8%(This shows me prices are on the rise)
For the 4th Quarter, new listings decreased 35.4% compared to 4th Quarter of 2011. (This shows supplies is decreasing)
As we all know, supply and demand drives real estate prices. The trend in Steamboat Springs and the country is indicating that the supply is decreasing and since people are buying homes, this demand translates to NOW might be a good time to BUY.
This is a preview of Steamboat Springs Market Report December 2012. Read the full story.
"What made the real difference in selling our home were Charlie's beautiful photographs. His artful eye captured the unique craftsman nature of our home, and even had us amazed at how great he made it look. His photo of our house at night expressed exactly what we knew buyers would want: warmth, comfort, beauty and charm."
