Steamboat Springs Foreclosures

Foreclosures are down in Steamboat Springs, Colorado. Foreclosure filing are also down nationally. A year ago there were roughly 40-50 bank owned properties for sale in Steamboat Springs / Routt county.

Today there are 14 bank owned properties for sale in the Steamboat MLS. Short-sales in Steamboat Springs have dropped as well. Today there are 27 Short Sales in the Steamboat MLS.   Rising real estate values and declining unemployment is a major factor in the improvements. And with these low interests rates, people are able to refinance and lower their mortgage payment.

Unlike national numbers, foreclosures in Steamboat Springs show a wide range in values. Lower priced properties tend to see higher numbers in foreclosures but in Steamboat Springs, but we’re not immune from seeing high-end bank owned properties. As bank owned properties drop, this help stabilize local real estate values which is great news for home owners in Routt county.  If you want to search foreclosures in Routt county and Steamboat Springs, you can search Steamboat NED foreclosure filings here. 

Thanks,

Charlie