June 2014

There are 2 blog entries for June 2014.

Published in the Steamboat Pilot & Today on 4/16/14
By Michael Schrantz
 

"Recent analysis from Zillow, a real estate website, shows that while the affordability of homes nationwide is better now than before the real estate bubble, prices in certain major metros are departing from what’s affordable with area incomes.

In Steamboat Springs, prices for single-family homes have faced upward pressure in the past year and increasingly are concentrated above the threshold for what’s considered affordable.

The standard definition for affordable is spending less than 30 percent of income on housing.

The area median income for Steamboat Springs is $64,400 per year, according to the U.S. Census Bureau. At that income level, a mortgage payment would need

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Published in Steamboat Pilot & Today

By Michael Schrantz on Friday, May 23, 2014

"Steamboat Springs — Downtown Steamboat Springs real estate started the year off right: The first downtown single-family home to sell for more than $1 million in a year and a half was the Werner family’s old house on Aspen Street in January, according to Realtor Charlie Dresen, of Steamboat Sotheby’s International Realty, who was a listing agent for the property.

The single-family home market in the downtown area of Steamboat Springs has proved to be active through the first part of the year, with 11 sales, ranging from just more than $300,000 to $1.3 million.

Now, there are only 17 single-family homes left in the area, and demand is high, Steamboat Sotheby’s

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