Steamboat Real Estate Home Search is your resource for buying and selling Steamboat real estate.
Our professional team has the market knowledge to help you with all aspects of buying and selling Steamboat Springs mountain property.
Call us at (970) 819-6372 or email us today.
The number of Steamboat homes, condos, and land parcels under contract is up 170% since summer. If all the contracts close, it will represent $71,883,509 in Steamboat real estate sales.
So what are people buying? Here are some “fast facts” about the types of properties under contract:
Anybody with a property to sell knows this isn’t the best time to be selling Steamboat real estate. It’s a buyers market, and unless your property is in top condition, priced well, and in a popular price range, you probably aren’t getting many showings. In 2011, the average days on market until a Steamboat property sells is about 200 days (and bank-owned properties average 113 days on market). In fact, it’s not uncommon to see Steamboat homes, condos, and townhomes that have been on the market for years.
Here are some of the top reasons Steamboat homes linger on the market before attracting offers.
1. The price is too high.
2. It doesn’t show well. Properties should be clean, de-cluttered, and staged.
3. The location isn’t the best. Since you can’t change it, lower the price.
4. There are too few–or not very good–photos on the MLS. Good photos really do help homes sell faster.
5. Showings are difficult. Don’t put a lot of restrictions on when people can look at your Steamboat home.
Bonus Reason: Hiring the wrong Realtor.
Even though half the Steamboat real estate buyers of 2011 paid cash, it’s worth taking a look at today’s mortgage rates. Combine a sub-4% interest rate with Steamboat real estate discounts of 30%, 40%, even 50% in some segments of the market, and you can see why buyers are back.
Some Steamboat properties are definitely harder to finance than others, and some are practically impossible–even if you have good credit. Single family homes and townhomes are easier to finance than condos, and condos with healthy HOA’s and no front desk/nightly rentals/etc. are easier to finance than those considered condo-tels.
If you would like to talk about your options, please call us at 970-819-6372.