Steamboat Real Estate Home Search and Blog

It’s true.  Half the homes sold nationally are short sales and foreclosures.  Here in Steamboat, only 22% of the homes sold in 2010 have been short sales and foreclosures. (And 30% of those were Sunray Meadows condos.)

The fact that Steamboat real estate sales had a lot less foreclosures and short sales than the rest of the country speaks well for our resort market.

Of the 79 real estate sales in 2010, 18 were Steamboat bank-owned homes or short sales.  The average sold price of these Steamboat foreclosures and short sales was $578,450.   The most expensive bank-owned home sold was a Dakota Ridge home that was listed (after a reduction or two) for $1,695,000 and closed for $1,250,000.  That sale had to be one of the best deals of the year.  Most foreclosures and bank-owned properties here in Steamboat sold much closer to the list price.