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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2012 Steamboat Real Estate Review
This 2012 Steamboat real estate market stats report is provided by the Western Mountain Resort Alliance. WMRA compares resort real estate markets in ski areas throughout the Rockies.
Inventory is down 12-16% for homes and condos. Only land had more active listings in 2012 than in 2011. Condo sales were up 28% while the number of home sales was down slightly. (This may have to do with buyers having fewer homes from which to choose.)
Average sales price was down while the median sales price was up. Most people–myself included–think 2012 will be the turn around year. Most market segments had substantial inventory reductions which is the first step toward rising prices.
Steamboat Real Estate 2012 Market Report (click image to enlarge)
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: February 8th, 2013 under Market Reports.
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December Sales Summary from Stan Urban at Land Title
Trailhead Lodge Steamboat Springs
Stan Urban of Land Title wrote this Steamboat real estate update for December:
December was a great month! There were a total of 130 transactions totaling $73M in gross sales, making it the best month in 2012. On a monthly comparison basis, December 2012 was up +56% over last December 2011 in dollar volume and -4% in transactions. Closing the year, we were up +7.4% in gross volume and off -15.8% in transactions, mainly due to less fractional sales.
There were several high end sales that helped bump up the numbers, along with project sell off activity in Trailhead Lodge (and surrounding commercial land sales). It was a well-rounded month, with good activity in all the market sectors! Bank sales were up with 27. 15 of the Bank sales cross-over as sales in Trailhead Lodge.
Snapshot values closed the year well – with stabilization apparent in the Residential Improved sector: Single Family closed at +0% The following sectors are still showing weakness: Multi Family closed at -2% Vacant Land closed at -21% All of these values represent upwards movement from the prior YTD.
Both the Highest PPSF and Highest price are for a Metes and Bounds sale near Hayden that closed for $10.5M. It is a large ranch residential property with barn. The second highest PPSF is for an One Steamboat Place Condo, Unit R-802 which sold for $2,660,000 or $853.38 PSF. Trailhead Lodge had 15 closings – all categorized as Bank Sales: Total December Volume in Trailhead Lodge: $5,123,300 Average Price: $341,553 Average PPSF: $360.82 December 2012 Routt County Stats December Buyer Profile December Bank Sales Commercial Sales for 2012
Lastly I would like to say thank you for a great 2012 and I look forward to a great 2012. Sincerely, Stan Urban
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: January 28th, 2013 under Uncategorized.
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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 original 39.
See all the available condos for sale at Edgemont here.
Please call us at 970-819-6372 to schedule a tour, or visit our Steamboat condo website to learn more about ski in, ski out real estate.
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: January 24th, 2013 under Steamboat Condos, Uncategorized.
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Steamboat Single Family Home Sales in December
Steamboat area homes
Steamboat single family home sales for December are listed below, so scroll down for details. The inventory of homes priced under $700,000 is lower than it’s been in years, so buyers in 2013 will have fewer choices and possibly see higher prices. The average list to sold price in December was 94% and there were only three bank-owned sales.
If you would like to know more about the Steamboat real estate market, please call us at 970-819-6372.
Steamboat Development/Area Address BR Asking Price Sold Price % List to Sold Bank Owned?
Elk River Valley 26650 Wheeler Creek Lane Six Plus $585,000 $585,000 100% No
Orig Town Steamboat Springs 300 Pine Street Steamboat Springs Six $480,000 $440,000 92% No
Hillcrest Subdivision 360 Hilltop Drive Four Plus $409,000 $393,500 96% No
Hunters Ridge 1870 Hunters Court Three $599,000 $585,000 98% No
Running Bear 2230 Bear Drive Four $899,999 $860,000 96% No
The Sanctuary Steamboat 1124 Steamboat Blvd Four $1,345,000 $1,200,000 89% No
Riverside Subd 2775 Riverside Drive Three $375,000 $340,000 91% No
Heritage Park 27458 Brandon Circle Five Plus $624,900 $575,000 92% No
Silver Spur/ Estates 27510 Silver Spur Street Four Plus $682,500 $650,000 95% No
Elk River Valley 45105 RCR 129 One Plus $495,000 $465,000 94% No
Elk River Valley 26230 Routt County Road 52E Three $649,000 $550,000 85% No
Blacktail Mountain Estates 28300 CR 14 Five Plus $795,000 $725,000 91% No
Steamboat Lakes 58165 Jupiter Place Two Plus $255,000 $233,000 91% No
Steamboat Lakes 57460 Golden Tide Place Two Plus $449,400 $440,000 98% No
Spring Green Subdivision 31015 Elk Lane Three $390,000 $500,000 128% Yes
Whitewood Subdivision 27870 E Whitewood Drive Three $464,900 $401,500 86% No
South Valley 26050 Old Stage Trail Three $414,900 $417,000 101% Yes
South Valley 30750 RCR 14C Two $775,000 $750,000 97% No
South Valley 32380 RCR 14 Three $1,395,000 $1,218,750 87% No
High Cross @ Stagecoach 33080 Thoroughbred Trail Four $374,900 $325,000 87% Yes
Morningside Subd 32440 Ute Trail Four Plus $389,000 $367,900 95% No
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: January 7th, 2013 under Uncategorized.
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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 of consecutive gains.
The number of homes available to purchase was down 22.5% from a year ago. There is a 4.8 month supply of homes available, which by definition is a sellers market. The last time there were that few homes to choose from was 2005.
Steamboat is also experiencing low inventories in certain market segments. Single family home’s, condos under $300,000, and bank-owned properties are three types of real estate where there are very few to choose from.
Existing-home sales, November 2012
| Seasonally adjusted annual rate | 5.04 million |
| % change from November 2011 | +14.5% |
| % change from October 2012 | +5.9% |
| National median price | $180,600 |
| % change from November 2011 | +10.1% |
| Unsold inventory (months’ supply) | 4.8 |
| Share of all-cash buyers | 30% |
| Share of investor buyers | 19% |
| Share of first-time buyers | 30% |
| Share of distressed sales | 22% |
Source: National Association of Realtors
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: December 22nd, 2012 under Real Estate.
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Housing Inventory Declines Nationwide
Steamboat real estate buyers will find less to choose from when they start looking at properties to buy. A quick look at listings for sale shows Steamboat inventory is down about 20% in the last two months. If you would like to see homes for sale in Steamboat while in town for the holidays or ski season, call us at 970-819-6372. Low inventory levels are generally followed by rising prices, so if you’ve been considering buying Steamboat real estate, it’s time to look.
Housing Inventory Changes
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: December 20th, 2012 under Uncategorized.
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Land Title October Stats
Steamboat real estate buyers logged $43 million in gross volume sales with 119 transactions. This October was up 37% in gross volume over last year and up 20% in number of sales. Year to date we are up 4% in gross volume and down 16% in transactions.
Bank sales are up with 15 this month.
Search all the homes and property for sale in Steamboat here.
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: November 21st, 2012 under Uncategorized.
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