Is the lower budget Steamboat condo foreclosure inventory on the rise?

Saturday, December 11, 2010

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In 2007, Walton Village condos, Shadow Run, Rockies were double the price they are today. These 3 condominium developments now top the list with the most REO (bank owned) properties on the market today. Its no surprise that the low inventory, easy financing and desire to get a foot in the door lead to prices doubling in a just a couple years. What is a surprise is that this all happened after the rest of the country was in decline. We were quick to rise, slow to fall and appearing to be quick to recover. Or are we lining up to be fooled again? The sales don’t indicate so, but what about all those yet to hit the market? Our inventory of REO condominiums are for the most part, the budget or lesser priced 1 and 2 bed units in older developments. Currently there are just 13 listings and most are under $200,000 with an exception of a ski-in ski-out Dulany condo listed for $429,950 and a Eagleridge townhouse for $657,500. There are 4 pending sales and 1 closed condo in the past 30 days or so as of the date of this post. 2 sales were older 1 and 2 bedroom condos with list prices similar to those on the market today. The other 2 are the luxury 2 plus and 3 bedroom Highmark condos. The turnover of inventory of foreclosed real estate in Steamboat is keeping pace with new inventory with the exception of these budget 1 and 2 bedroom Steamboat condos. There were just 3 new bank owned condo listings since November 1st and all 3 are under $200,000. The 2plus, 3 and 4 bedroom residences are outselling new foreclosed listings, so watch that list. Depending on what you are shopping for, we appear to be on a road to recovery. However, I find myself stuck on how to wrap up this thought and all that comes to mind is the lyric of that great Who song “We won’t be fooled again” - Or will we? - Steamboat shadow inventory post coming soon, check back for more info. Dean Laird Broker/Owner Colorado Group Realty 970-846-8284

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Steamboat’s biggest news! Powder and One Steamboat Place Foreclosure

Friday, November 19, 2010

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Ok… the good news first - Champagne Powder® snow is on order along with the usual turkey and trimmings! Steamboat will be serving up a full plate of fun with 5 lifts, approximately 926 acres and 66 trails, including much of its legendary tree-skiing terrain in Shadows and Closet. For just $30, Steamboat will dish out a lift ticket on opening day, Wednesday November 24th, and donate all proceeds to benefit the local youths in the Steamboat Springs Winter Sports Club. We haven’t seen early season conditions like these since 1996/97 winter. A series of storms have dumped nearly 4-1/2 feet of snow this month and 6 feet of snow since October 23rd at Thunderhead, the resort’s mid-mountain location at 9,080 feet. Steamboat is currently reporting a remarkable 52-inch base at the summit, the largest ever seen for an opening day. And snow will continue to accumulate starting Sunday and lasting till the opening on Wednesday. steamboat-skiing.jpg Meteorologists are calling for a La Niña weather cycle this winter and Steamboat often does very well during the stronger events. So far so good! Mike at SnowAlarm and I decided to hike to Hurricane this past week to send you a taste of what’s on tap for this winter - powder skiing! Oh - did I mention that One Steamboat Place is in foreclosure? Lets keep with the good buzz and I’ll write about this debacle later. Or you can check out the news. https://www.steamboatpilot.com/news/2010/nov/17/one-steamboat-place-foreclosure/ Steamboat Condos is your reliable source for a chance at our lifestyle. Stop by my ski in office and I’ll show you around the mountain. And talk about the great deals on real estate in Steamboat Springs, Colorado. Dean Laird Broker/Owner Colorado Group Realty Direct 877-678-0884

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20% off now 30% off on downtown Steamboat Springs luxury condominiums

Thursday, September 23, 2010

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steamboat-springs-olympian-condos1.jpg A summer sales incentive of 20% off drew new interest to the Olympian in Steamboat Springs, Colorado this summer. A three bedroom condo closed July 9th for $1,052,800 or $497sq/ft.  A two bedroom residence closed for $818,520 or $570/ft late May.  The Olympian is located at 5th and Yampa, a riverfront location. This luxury condominium complex has 23 residential units and 5,700 square feet of commercial space below. Interior features are mountain contemporary with exposed timber and floorplans averaging more than 1,600 square feet. The common amenities include a fully landscaped private inner courtyard, underground heated parking space and an elevator for easy access. Walk to the rodeo grounds, fly fish on the Yampa River just across the road and watch the ski jumpers from your deck. The natural hot springs, shopping and riverfront restaurants are all within the immediate vicinity of this convenient downtown location. Unit 403 has one of the nicest deck views I’ve seen in Steamboat as can be seen in this video. Contact Dean Laird at 877-678-0884 to take advantage of a limited 30% off fall 2010 sale. See other luxury condos in downtown Steamboat Springs at SkiCondos4Sale.com

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30% discount on a luxury condominium at Steamboat’s Bear Lodge

Monday, September 6, 2010

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See more details about Trappeurs Crossing

The developers of Trappeur’s Crossing Resort’s Bear Lodge are wrapping up the summer selling season with a final push to sell 3 more condominiums at drastically lowered prices. steamboat-bear-lodge-pool.jpeg The deal: 30% off the next 3 sales of any of our unsold 3, 3 + den, 4, or 5 bedroom condos. Prices include a full turn-key developer furniture package. The Trappeur’s community center has seen close to a million dollars in upgrades over the past two years, making it one of the premiere Steamboat resorts for convenience and comfort. The Steamboat Ski Resort base area is within walking distance or a shuttle is available for quick access to the slopes or downtown. One of the popular choices for vacationers is the garden level courtyard condos such as unit 6111 with 3 bedrooms and 3 full baths. This luxury condo offers a private 500 sq. ft. patio complete with a hot tub, outdoor gas fireplace and BBQ grill. The popularity results in the best rental revenue numbers in the entire resort. 1727 sq.ft floor plan is ample room for family entertaining. The amenities include an expansive gym with a mixture of free weights, stationary bikes, Stairmasters®, treadmills and Nautilus ® equipment. Pool, hot tubs, tennis courts and a putting green are in your own backyard. And when your are completely exhausted following a day of play, pampering service is waiting for you at the full service day spa. Contact Dean Laird - Broker/Owner at Colorado Group Realty to take advantage of this limited opportunity. 877-678-0884. Or see my website - SteamboatCondos4Sale.com for more info on Steamboat Springs condominiums.

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Foreclosed, bank owned, incredible views and cheap!

Wednesday, August 4, 2010

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steamboat-foreclosure.jpg Eagles Overlook name fits this property well. Perched high above the valley, these views cannot be beat. Similar listings are priced around $1,000,000. Recently reduced to under $500,000, this 5 bedroom, over 3000 sqft property is by far the best deal on the market right now. There are some items to raise an eyebrow such as stains on the carpet and some drywall damage from previous leaks, higher HOA’s and multiple levels. Nonetheless - worthy of a look. https://skicondos4sale.com/condo_townhome_real_estate/Near_Steamboat_Ski_Area/Eagles_Overlook/

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