Steamboat Springs Colorado Real Estate
New Listings for the Month of July
$259,900
Hayden
Four Beds, Three Baths
$22,000
Oak Creek
$230,000
Hayden
Three Beds, Two Baths
$699,000
Steamboat Springs
Three Beds, Three Baths
Foreclosures: Buyer's Top 10 List
by Joy Rasmussen, Broker
Foreclosures and short sales – the big talk of the town. Ski Resorts and other vacation areas seem to be hard hit by the economy and there are so many stories about the available inventory and where it’s going. As of today, there are 38 Bank Owned properties in Routt County, and 71 that are in a pre-foreclosure status. As of March, there were 17 new foreclosures that came online in Steamboat. Out of the 1,148 properties for sale in Steamboat’s city limits, we are seeing a fraction of the total amount of homes available.
So how do you dig through the available resources to find the best all around buy in order to create your own little piece of paradise? Sorting through websites, paying online search engines, relying on old public records…there’s so much information to go through you may as well be looking at a white out when you embark upon your search. And pre-foreclosures, trustee sales, auctions that seem to never happen – where do you start?
Bank Foreclosures
Bank owned properties and short sales continue to influence sales in the Steamboat Springs market place. According to the Steamboat Springs Board of Realtors statistics, of the 199 year-to-date sales, 32 of 16% were classified as bank owned or short sale properties. Currently just under 5% of all listings are classified as bank owned or short sale listings. The Routt County Clerk and Recorder office is reporting that there have been just over 170 foreclosures in Routt County through the end of May, while in 2009 there were just over 190 foreclosures for the entire year..
What is the Market Doing?
Buyers returned to the Yampa Valley at the beginning of 2010. For the first five months of 2010, sales volume was $220 million, which was a 217% increase over the same time period for 2009. Activity has picked up in all market segments as buyers continue to seek out value properties.
In March an auction was held at The Highmark, a luxury condo project on the mountain. Activity was extremely lively before, at the auction and immediately after the auction. Over 10 units were placed under contract.
After being extremely quiet for almost two years, the Steamboat Barn Village, (a residential lot subdivision project) announced price reductions of almost 50 percent from their original price points, on their remaining inventory.
How Can We Help?
We hope you will find our web site to be a one-stop resource for your online real estate research. We're eager to tell you what we know about the local market. Steamboat Springs is a great place to live, work, or play.
So please, have a look around, and contact us with any questions you might have about the market or our services. No question is too mundane - we want to help!
Map Search
My Account
Log in, to view your saved searches and add to your favorite listings.
... become a Colorado Group Groupie
- View detailed property information
- Save searches and favorite homes
- Win a free entry into next year’s Steamboat Triathlon
- Map individual property locations
- Receive an invitation to the annual CGR ski day
- Receive a free copy of the Steamboat Magazine
- Enjoy free Steamboat Roaster Coffee at our downtown office
Cool Stuff
- Web Cameras
- Sold Info
- Projects
- Area Maps
- Statistics
- History of Steamboat
- School Information
- Great Deals