New Home Trends for 2013
As the number of resale homes in Steamboat and across the nation dwindles to inventory levels last seen in 2006, more people are buying land and building. Here are the top 10 things people consider when they look for a home or consider building a home:
- Having enough living area and rooms to meet your needs.
- Using energy efficient features, especially appliances.
- Having a better insulated and sealed home (the Energy Star rating for the entire home is important.)
- The proximity of the home to work, shopping, and playing
- Ease of maintenance.
- High quality (efficient) appliances and fixtures (windows, doors, etc.)
- Distinctive design reflecting your family’s personal tastes
- Community amenities like playgrounds, open space, trails, etc.
- Technology like lighting controls, sound, and security.
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: May 9th, 2013 under Real Estate.
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April Home Sales
Old Town neighborhood in Steamboat Springs
Steamboat Springs single family home sales in April are listed below. We are still seeing tight inventory for homes in Steamboat priced between $400,000-$700,000. There were 46 sales in the last twelve months and only 17 are available as of today. That’s less than a five month supply of homes. At prices less than $400,000, there are only 3 homes to choose from. If you would like more information on buying or selling your Steamboat home, please call us at 970-819-6372.
| Steamboat Development | Address | Bedrms | Asking Price | Sold Price | % List to Sold |
|---|---|---|---|---|---|
| South Valley area | 37990 RCR 33 | Four | $399,500 | $375,000 | 94% |
| Yahmonite Add SS | 885 Yahmonite Street | Three Plus | $849,000 | $815,000 | 96% |
| Spring Creek Meadows | 74 E Maple Street | Three Plus | $559,000 | $544,000 | 97% |
| Mountain View | 1755 Fish Creek Falls Road | Four | $624,900 | $615,000 | 98% |
| Hunters Ridge | 1858 Hunters Court | Four | $975,000 | $867,500 | 89% |
| Hunters Glen | 1585 Red Hawk Court | Four | $670,000 | $644,000 | 96% |
| Hunters Ridge | 1828 Hunters Court | Four | $749,000 | $680,000 | 91% |
| Montview Park | 1980 Trollhaugen Court | Four Plus | $1,100,000 | $1,029,000 | 94% |
| Blacktail Mountain Estates | 28635 Yellow Jacket Drive | Five | $615,000 | $580,000 | 94% |
| Whitewood Subdivision | 21935 West Whitewood Drive | Four | $374,900 | $315,000 | 84% |
| Agate Crk Preserve | 35625 HUMBLE ROAD | Four | $1,750,000 | $1,500,000 | 86% |
| South Valley area | 30750 CR 14E | Four Plus | $1,195,000 | $1,000,000 | 84% |
| Elk River area | 30705 Elk Lane | 7+ | $2,950,000 | $2,686,800 | 91% |
| Catamount Ranch LPSE | 33800 Canyon Ct. | Five | $3,895,000 | $3,500,000 | 90% |
| Meadow Green Stagecoach | 29975 Rock Point Trail | Three | $220,990 | $212,900 | 96% |
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: May 7th, 2013 under Real Estate.
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Steamboat 1st Q Market Update
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: May 5th, 2013 under Real Estate.
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March Real Estate Sales Total $55.7M
Stan Urban from Land Title reports the Steamboat real estate market continues to improve. He recently emailed to say,
“March was an excellent month, with $55.7 million in gross sales volume and 71 transactions. Compared to last March, gross volume is up +46.48% while transactions were off by -28.28%. This contributes to a strong first quarter of +17.23% in gross dollar volume and +13.68% in transactions.
The market activity in March is spread over the whole range of the market. There were many upper end sales that contributed to the higher gross volume, including two home sales over $5 million.”
Single Family +29%
Multi Family +1%
Vacant Land -6%
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: May 1st, 2013 under Market Reports.
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Biggest Homeowner Regrets
In a recent survey by Trulia, the #1 homeowner regret was not purchasing a bigger home. Here in Steamboat, it’s common for a second home buyer to purchase a smaller condo then realize they don’t have space to host friends and family. A few years later, they sell the condo and move up to a townhome with more bedrooms and space.
Other regrets of homeowners were: not investing more in remodeling and renovations when they purchased their home, not putting more money down at the time of purchase, and not buying closer to work so they had a shorter commute. (#3 doesn’t apply here in Steamboat Springs because everything is less than 10 minutes away unless you live out of town.)
Here’s the WSJ video with the full interview:
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: April 17th, 2013 under Real Estate, Selling Steamboat Real Estate.
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US Housing Inventory Shrinks
US Housing Inventory at lowest levels
US housing inventory is at levels not seen since before the housing boom (and bust) began. Here in Steamboat we’re seeing the same lack of inventory in several market segments.
How does the lack of inventory affect Steamboat real estate buyers and sellers?
As supply shrinks, demand and prices most likely will go up. Once prices begin to rise, sellers are willing to put their homes up for sale bringing much-needed inventory back on the market.
US housing prices rose 10% in February from the previous year. This dramatic rise was more than market analysts predicted, which shows the housing recovery is happening at a faster pace than earlier forecasts.
With the stock market at all-time highs and real estate beginning to take off, it may be time to purchase that vacation home you’ve always dreamed about.
Please call us at 970-819-6372 to talk about buying or selling real estate here in Steamboat Springs.
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: April 9th, 2013 under Real Estate.
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Feb 2013 Real Estate Stats
Stan Urban from Land Title reports:
Steamboat area real estate sales were up in February compared to last year. We had $30.7 million in gross volume with 94 transactions. Month to month, February was up 37% in gross dollar volume and up 36% in transactions. On YTD we are up 0.12% in gross dollar volume and up 44% in transactions. Intervals/time shares encompassed 30 closing with $2.7 million in gross dollar volume.
Here is a list of the condos, townhomes, fractional sales and single family homes that were included in Stan’s report:
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: March 28th, 2013 under Real Estate.
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Colorado Group Realty 2013 Annual Report
Click to read the full report.
Colorado Group Realty recently published their 2013 Annual Report with all the Steamboat Real Estate statistics. Whether you are looking to buy or sell a Steamboat single family home, condo, or vacant land parcel, this report is a great place to see market stats and trends.
Please call us at 970-819-6372 with your questions.
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: March 19th, 2013 under Market Reports.
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US Listing Inventory Lowest in Six Years
Now that buyers are “off the fence” and ready to buy, they are finding there are fewer homes and condos to choose from. Housing inventory–including single family homes, condos and townhomes– is at a six year low across the US, and Steamboat is facing similar inventory challenges. There are only 7 single family homes in Steamboat Springs listed for sale under $500,000. In 2012, there were six homes that sold for less than $315,000 and 38 that sold for less than $500,000.
See all Steamboat homes for sale under $800,000 here.
If you are considering selling your Steamboat home, it’s a more favorable market than it’s been in years. Please call us at 970-819-6372 for a complete market analysis.
US Listing Inventory at lowest levels in years by Realtor.com
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: February 22nd, 2013 under Real Estate.
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Steamboat homes for sale from 2005-2012
The number of homes for sale in Steamboat Springs and other ski resort markets continues to shrink making it harder for buyers to find their perfect dream home. When inventory falls, buyers have to 1) compromise on what they want–whether it’s the location, features, number of bedrooms/bathrooms, etc. 2) pay more than they expect to get what they want or 3) build.
If you are considering purchasing a home in Steamboat Springs, call us at 970-819-6372 to discuss your options. We work with lots of buyers and sellers from around the world and take the time to listen.
Steamboat real estate homes for sale
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: February 10th, 2013 under Market Reports.
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