Lack of quick service is good indicator Steamboat’s economy is just fine

Wednesday, September 8, 2010

A fresh reminder this isn’t the big city! And there is plenty of work in Steamboat. The moving van arrives on Friday and I need 3-4 strong people to help shuffle furniture and fixtures up 3 flight flights of stairs in a luxury condo. Cleaning by tomorrow, paint touch ups by today, locate a couple of new fixtures for the living area and bath, check out the boiler, adjust the garage door and a few other items are all on order before my Buyers arrive for closing on their real estate purchase this Friday. Earlier this summer I heard often from my contractor and service industry friends that business was slow, so I didn’t worry about booking home maintenance services early. Come to find out, that there apparently is no shortage of jobs in Steamboat. The moving company was booked until 2 weeks out, 3 cleaning ladies called to say they were all booked, the painter out a week, carpet cleaner and plumber/mechanical contractor for the boiler radiant heat system can’t fit me in and suggested another company, and I’m still trying to find someone to adjust the garage door. All day was spent trying to find services in Steamboat. My predicament reminds me the busy days of 2007; to get something done quick, I have to throw on the tool belt and get to work. Its good to see that Steamboat is buzzing along again for the service industry. Contractors who are good at what they do are staying plenty busy. When real estate is selling again, demand for reliable services is high. I’m fortunate to have a reliable source of friends who can squeeze me in between jobs in a pinch. Steamboat’s strengthening economy should be a sign of what’s around the corner in the real estate market. Dean Laird Broker/Owner Colorado Group Realty 877-678-0884

Steamboat Springs sold real estate statistics for June 1st to August 31st 2010

Thursday, September 2, 2010

Following are some some statistics for Steamboat Springs real estate sold this summer compiled by Colorado Group Realty Total Sales

  • 60% of the properites sold closed at at price which was between 90% to 100% of asking price
  • 32% of the properties sold closed at a price which was between 75% to 89% of asking price
  • Only 8% of the properties sold (8 in total) closed at a price which was less than 75% of asking price

Sales by Property Type

  • Condos and Townhomes sold for 90% of asksing price
  • Single Family homes sold for 84% of asking price
  • Land and Lots sold for 76% of asking price

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Perceived value in Steamboat Springs CO

Monday, August 16, 2010

Low prices and real estate advertised as “bank owned” is drawing increasing attention to Steamboat Springs. Steamboat Today’s article talks about our foreclosure market. Correcting the paper, Eliese is an owner with Colorado Group Realty, and one of our experts in the Steamboat foreclosure and short sale process. The desire of those wanting second homes in Steamboat Springs at a significant discount outpaces the interest of real estate investors. We have foreclosures, short sales and distressed sellers, but properties are not exchanging hands at prices where investors looking for rental income can cash-flow a home or condo purchase. Unlike many other areas in the country, Steamboat Springs perceived value is driving our summer sales. Steamboat is on sale right now, and a strong desire for our lifestyle should force a quick turnaround when other markets begin to recover. There have several high-dollar foreclosed properties sold in the past few weeks. For the complete report and facts on Steamboat Springs foreclosures and bank owned real estate,call Dean Laird at 877-678-0884.

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Past 7 days of Steamboat property sales indicates good news for Sellers.

Thursday, August 12, 2010

There were 26 signs of good news for sellers in Steamboat in the past 7 days! Steamboat homes, condos, townhomes and residential land sales comprise the list. 6 Condos - 3 sales ( Trappeur’s Crossing , Timber Run , Ski Time Square ), 3 Pending sales (Storm Meadows , Rockies , Quail Run ). 8 Homes - From Steamboat Lake to Hayden to Oak Creek . Most sales were the bargains under $400,000. 4 Town Homes - All 3 and 4 bedrooms, from $400,000 to $1,000,000 4 Residential Land - 2 pendings and 2 sold - from $40,000 in Hayden to $796,000. 1 Commercial mixed use and 1 fractional ownership sale at The Phoenix . To receive your weekly sales report by email - Write Dean Laird or Call 877-678-0884

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