About Routt County, CO

Steamboat Real Estate News from Bruce Carta at Land Title:

June dollar volume tops $30 million becoming the highest monthly volume year to date.

Highlights for the month;

• Mountain area continues to lead Routt County sales with 17 transactions.
• Mountain Area average transaction price up from May to $800,165.00.
• Downtown Area was the second most popular area with 7 transactions.
• $300,000 to $500,000 Residential price point the most popular with 13 transactions.
• Notable sale over $2M:

6/16/2009 $2,600,000: Two parcels in Sec 28,29,33 5-85 at 26000 Deerwood Lane - 3,236 SF 3 Brm 4 Bath YOC 2004 with a total of 38.08 AC (including both parcels) which is $803.46 PSF. This sale is shown in the South Routt Area.

Time to get Your Steamboat Home before prices and rates increase!

The recent positive economic news continues to bolster the Steamboat Springs real estate market and we are seeing an increase in Buyer inquiries. In general, June is typically a slower month; however, property showings are steady (consistent with June 2008) and interest rates continue to create great opportunities for buyers in all price ranges. The number of sales for the month was 37, well below normal, and the closings were 1/3 of the sales from last year at this time. We are seeing sales occur at all price ranges in all areas, but all sales consisted of properties that were priced very aggressively. Buyers are looking for deals, and there are plenty of them out there.

The basic economic lesson of Supply and Demand is alive and well in the Steamboat Springs real estate market - plenty of listings, fewer buyers creating a genuine Buyers Market. Low interest rates have provided added value to already well-priced properties in our market; however, the guarantee of continued favorable rates is uncertain. Plus, government programs (i.e. First Time Homebuyer tax credit and higher USDA loan-to-value ratios) have sunset provisions that require action sooner rather than later - pulling buyers off the sidelines.

Sales

Single Family Homes

• June '08 - 19
  
• June '09 - 8

Condos/Townhomes

• June '08 27
  
• June '09 15
  

Median Price:

Single Family Homes

• June '08 $610,000
  
• June '09 $312,500
  

Condos/Townhomes

• June '08 $440,000
  
• June '09 $480,000
  

Average Days on Market:

Single Family Homes

• June '08 149
• June '09 223

Condos/Townhome

• June '08 103
• June '09 204

Based on information from the Steamboat Springs Board Of Realtors MLS. Statistics intended only to show market trends. If you would like to receive a comprehensive Market Report to please contact your Prudential Steamboat Realty broker today or email us at contact@prusteamboat.com.

Hi All,

The sun has come out for a couple days, bikers and outdoor enthusiasts are giddy and taking advantage of the Vitamin D. Today, I rode up Emerald and was passed (on the stretch we all loathe) by a gentleman sporting Tevas, flat pedals, no helmet, backpack full of tools who was just out getting some fresh air before going to work...quintessential Steamboat!

Pending contracts have peeked over 100 again and things are a buzzing. Below are some of the recent articles. Enjoy the rest of your weekend and don't miss the chance to own Your Steamboat Home. Summer is awesome here! angela@yoursteamboathome.com

Real estate transactions for June 5 to 11, 2009

http://www2.steamboatpilot.com/news/2009/jun/14/real_estate_transactions_june_5_11_2009/

Kreissigs put Rollingstone back on market for $6.9M

http://www2.steamboatpilot.com/news/2009/jun/14/kreissigs_put_rollingstone_back_market_69m/

Properties move locations, go up for sale in downtown

http://www2.steamboatpilot.com/news/2009/jun/14/properties_move_locations_go_sale_downtown/

North Routt is beautiful any time of year although most visitors come in the summer to boat, fish, camp, and hike.

On your way up CR 129, stop at the Clark Store to pick up a sandwich or extra marshmallows for the camp fire before heading up to Steamboat Lake State Park or Pearl Lake State Park.

You’ll find camp sites and some cabins at Steamboat Lake or yurts at Pearl Lake (be sure to call ahead as the campgrounds may be closed due to the removal of dead lodgepole pines), or you can pass the quirky little town of Hahn’s Peak and explore the Routt National Forest.

Here is a sampling of photos I've taken in North Routt County, Colorado in each of the seasons.

More Steamboat real estate posts:

North Routt is beautiful any time of year although most visitors come in the summer to boat, fish, camp, and hike.

On your way up CR 129, stop at the Clark Store to pick up a sandwich or extra marshmallows for the camp fire before heading up to Steamboat Lake State Park or Pearl Lake State Park.

You’ll find camp sites and some cabins at Steamboat Lake or yurts at Pearl Lake (be sure to call ahead as the campgrounds may be closed due to the removal of dead lodgepole pines), or you can pass the quirky little town of Hahn’s Peak and explore the Routt National Forest.

Here is a sampling of photos I've taken in North Routt County, Colorado in each of the seasons.

More Steamboat real estate posts: