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Archive for 'Real Estate'

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 [...]

April Home Sales

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, [...]

Steamboat 1st Q Market Update

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 [...]

US Housing Inventory Shrinks

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 [...]

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 [...]

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 [...]

Edgemont Ski in/out Condos Now 80% Sold

Sales at luxury slopeside condos like Edgemont and One Steamboat Place are surpassing all expectations this winter as the Steamboat real estate market continues to improve.   At Edgemont, there have been five sales and one pending sale since September and limited inventory is driving demand.   Only six residences are still available of the [...]

Home Prices Rise Nationwide

According to Inman News, the number of homes for sale in the US  is at its lowest level in 10 years, while sales are at their highest level since 2009.   Low inventory + higher demand means price increases are inevitable.  Nationwide, home prices were up over 10% from a year ago with 9 months [...]

Zillow and Trulia are Wrong

The web can be a wonderful thing when it comes to looking at Steamboat real estate.  It’s not uncommon for buyers to visit Steamboat then go back home and begin their real estate search.  Buyers and sellers can browse anonymously on their computer or iPad until they are ready to get serious, then choose a [...]