February 2011

Found 2 blog entries for February 2011.

Here is a list of the Weekly Solds for January 2011 here in Steamboat Springs with some of my thoughts, if you would like to know more on these or any other property just give me a call.  It pays to know what is going on and have a good basis for your valuation, it is sad to see some people miss the mark by a wide margin. 

 

Weekly January 2011 Solds

 

1/4/11     2410 Ski Trail Lane #2201 (Condo 5br/4.5ba, 1-car garage, 3903 sq ft, Year Built – 2010) – Located in the Mountain Area, Edgemont Condominium. Sold for $3,224,000.  – Edgemont has regained momentum and continues to attract buyers at a steady pace.  They won’t be building new buildings like this for a while so if you want a new luxury condo it is time to look more seriously.

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The Steamboat area has seen a definite increase in real estate activity during 2010.  The main contributing factors to this increase are the increasing confidence in the broader economy and significantly lower prices for many properties. This has driven increased buyer activity on the Internet, more people looking in person, more people buying and even a good number of multiple offer situations.
 
The sales volume for 2010 totaled at $513,051,000 which was 117% of 2009.  It feels like we have turned the corner in dollar volume and price will follow at some point but it really depends on what type of property we are talking about and where it is located. This statement is true for the market as a whole so let me know if you would like to know more about a

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