Going… going… GONE! The last bank owned home in the immediate vicinity of Steamboat Springs is under contract.

Wednesday, May 11, 2011

Homes with 3 or more bedrooms in the Downtown, Fish Creek and Mountain area of Steamboat Springs are now selling quickly. There may be more inventory on the horizon, but as of today, the last home listed as a REO (Bank Owned) on the Steamboat Springs MLS is under contract. Since January 1st, 2011, 44 homes have either sold or are pending sales that are scheduled to close soon. What’s left for Steamboat foreclosures are some incredible deals on the newly constructed Long View Townhomes in the $300k to $400k price range. Approximately 25% of the bank owned sales are for homes over $1,000,000, so it not just the lower priced properties of Steamboat Springs market that are in demand. Historically low interest rates coupled with higher demand and less inventory means it’s time to get off the fence!.

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