Steamboat Springs foreclosures are getting a lot of attention from buyers looking for the best deal in real estate. There is no doubt the number of bank-owned homes in Steamboat is rising, but the reality is that they are still a small percentage of the total Steamboat real estate market.
Click here to see all the Steamboat foreclosures for sale as of Feb. 23. (There are 16 in the Steamboat Springs area.)
These Steamboat Springs foreclosures range from a one bedroom Fish Creek Falls condo for $170,000 to a luxury penthouse condominium at The Highmark for $1,500,000. Almost half of the bank-owned properties are located in Stagecoach and Oak Creek.
Are Steamboat foreclosures good deals? Not necessarily. Just because a property is bank owned doesn’t make it a good value. Some of the properties have odd floor plans or are just plain ugly. Others need work or are in less than desirable locations.
But when a Steamboat bank-owned property comes on the market at a good price, they don’t usually last long. To get the most complete list of Steamboat foreclosures and short sales, please contact us today.