Steamboat Springs foreclosures seem to be the holy grail for Steamboat real estate buyers. The reality here in Routt County is that you’ll have to go to Hayden or Oak Creek to have a big selection of bank-owned properties. If you want to look at bank-owned properties in Steamboat, you’ll look at entry-level condos.
Here is a map (click to enlarge) showing the foreclosure trends in Routt County. There are only eight Steamboat condos or townhomes on the mountain that are bank-owned.
All but one is an entry level condo/townhome with 1-2 bedrooms priced between $134,900-$325,500. (The other is the 4BR Cascades townhome.) And many of them are Fannie Mae owned.
The other Steamboat area bank owned properties are townhomes and single family homes priced up to $1,254,400.