Back HomeStorm Warnings and other fun stuff
A winter storm warning has been in effect in Steamboat for the past 36 hours and will end today around 11am. And if you are not here to experience this, let me tell you that it is true! We’ve had a reported 14″ of new snow in the last 24 hours and 20″ in the last 48 hours (I would swear that there is more than that though). Hopefully you will have a chance to get on the mountain and experience an epic powder day in the boat.
In real estate news, here is a good article from the Wall Street Journal about cash buyers boosting the market. This article doesn’t mention Steamboat Springs real estate, but the effect is the same here. Cash buyers are sitting in the driver seat and have the opportunity to snatch up some amazing deals.
Also, you might be interested in some Steamboat real estate statistics compiled by Bruce Carta at Land Title. These stats are for 2010. Thanks Bruce!
- December sales volume was the highest sold per month for 2010 at $54,261,900.
- 2010 total dollar volume was 116.45% of 2009.
- The number of transactions in 2010 were 170.93% of 2009.
- The mountain area of Steamboat saw 42.61% of total dollar volume and 16.84% of the total number of transactions in 2010.
- The median transaction price in 2010 was $340,000, while the median residential transaction price was $422,000 and the average was $705,558. Compare that to December 2010 numbers, the median residential was $520,000 and the average was $878,688.
- The price per square foot for the average residential transaction was $305.56 for 2010 and $352.11 for December 2010.
- For all 2010 residential improved units, there were 273 transactions sold for $500,000 and under, and 104 for over 1 million. The total including all price categories was 485 sold units.
- Fractional sales more than doubled from their 2009 unit volume.
- There were 83 bank sales for 2010 and 14 in December.
- As of February 1, 2011, there are 48 new (since January 1) properties in the foreclosure process.
If you’re in the market to buy, here are a few of the new and reduced properties offered by Pam Vanatta and the Vanatta Group.
- Wildflower Meadows has been reduced from $20,000,000 to $17,000,000. With acreage, abundant water, endless activities and space for everyone, this is truly one of the great properties of Steamboat.
- If you’re looking for a development opportunity then check out this 10 acre parcel with great exposure just off highway 40 between downtown Steamboat and the mountain. Plans are in place for a live-work building. The property has just been reduced by $500,000 to $2,600,000.
- A beautiful and unique home in the Sanctuary was just reduced to $1,649,000. This amazing home features beams from an 1840’s barn throughout. Enjoy high end finishes, amazing landscaping, and an unfinished basement that adds 1400 sq ft.
- There are no better deals in Steamboat right now than vacant land. If you’re looking to build a dream home, maybe this is the perfect spot for you. This 11 acre parcel has just been reduced by $300,000!
- Short sale opportunity! This single family home has been reduced again. Sitting in great spot above town, close to skiing, and on the way to Fish Creek Falls, this home is now priced below $500,000.
- If you want to be in the action, close to skiing, shops, dining and bars, then maybe you would be interested in this fully remodeled Storm Meadows Condo. High end finishes, fully furnished, and ready to move into this ski season!
If you have any questions or want to see any real estate in Steamboat, give us a call, an e-mail or stop by the office. Have a great day and enjoy the powder!
Sincerely,
The Vanatta Group
Representing the best real estate in Steamboat Springs for over 20 years.
This post was written by Mark Dudley
Broker Associate
Marketing Manager for the Vanatta Group
