July 2012

There are 4 blog entries for July 2012.

The planners arrived in Steamboat Springs on Thursday night and met with Yampa Street business and property owners with the goal of hashing out an actionable plan to revitalize the roadway that runs parallel to the Yampa River.

On Saturday, the team of experts from the Colorado Chapter of the Urban Land Institute told Yampa Street stakeholders a lot can be done to increase their street’s vibrancy and accessibility to pedestrians.

The planners’ initial ideas for the roadway ranged from the addition of new river access points, sidewalks and overhead lights fashioned after Denver’s Larimer Square, to better management of existing downtown parking.

“One of the things they mentioned is Steamboat is in the dark ages when it comes to managing parking. Our

297 Views, 0 Comments.

Last week Steamboat Today reporter Tom Ross talked to Colorado Group Realty Broker Dean Laird about the inventory in our local real estate market.  Here

Within specific price points and product categories, there are signs the Routt County real estate market is turning.  The change is particularly evident in the city of Steamboat Springs. 

Analysis done by Realtor Dean Laird, of Colorado Group Realty, reveals that inventory is scarce in three diverse categories, and the cost of entry into the market is up.

Laird said he easily could go out and find market niches where there is an oversupply of homes, but his current analysis is based on experience showing property to clients and being a little surprised himself. 

"I've had people come in from out of

447 Views, 0 Comments.

The last week in June and the first week in July brought the sudden sale of four new-construction townhomes in Eco Corral in the Hilltop and Tamarack neighborhood of Steamboat Springs.

Brokers say it was the combination of low interest rates, low inventory is the mid $300,000 range and a price drop from the owner, Wells Fargo. 

Four of the townhomes sold recently for $359,500, $329,500, $326,500 and $354,800.

The project originally was approved for 24 townhomes and four more affordable units, with the first building going under construction in 2008.

 

359 Views, 0 Comments.

Average mortgage rates in the U.S. declined over the past week as fixed-rate mortgages reached new lows, according to mortgage-finance company Freddie Mac.

Freddie Mac Chief Economist Frank Nothaft said recent economic data showing continued weakness in consumer spending and a contraction in the manufacturing industry contributed to mortgage rates reaching new record lows in the latest week.

For the week ended Thursday, the 30-year fixed-rate mortgage averaged 3.62%, compared with 3.66% the previous week and 4.6% a year earlier. Rates on 15-year fixed-rate mortgages averaged 2.89%, versus 2.94% a week earlier and 3.75% a year ago.

Five-year Treasury-indexed hybrid adjustable-rate mortgages, or ARMs, averaged 2.79%, unchanged from the previous week and

380 Views, 0 Comments.