by Doug
Over the past several years, some things have changed in the ‘new economy’, while others have not. Access to financing for some of the different property types in our resort market has drastically changed. Foreclosures and short sales are making up more of our market, as well.
One thing that hasn’t changed, however, is the interest in property this time of the year. As soon as the calendar page is ready to be turned to March, buyers start appearing, and that is one thing that has not changed. This past week I had two different clients make offers on two different properties, and we had to compete with another offer. Who would have thought that that would exist in this market? However, they were on good properties that were well priced and offered good value, and they were not even bank owned properties! We lost one to a higher offer, and we’re still working on the other.
Over the past two weeks, the Steamboat Springs MLS posted 27 properties that went under contract. That is an average of nearly 2 a day…strong activity for the current economy. Could this be an indication that the market is turning? Well, in the first two months of 2010 the Steamboat Springs MLS posted 55 sales. This year it recorded 88. It does appear buyers are coming back in the Steamboat Springs real estate market.
If you are also looking to take advantage of the current buyer’s market, here are a couple of my personal favorites:
A three bedroom / two bath cabin right in the middle of towering pines and old-growth aspen with two outbuildings on 16 acres in Strawberry Park and Butcher Knife Creek flowing through the property. Listed before the bank took it back at $1,325,000, now bank-owned and listed at $659,000. It does need some work, but well worth the price! See all the details and pictures on our Property Search page with MLS# 130658.
Quality three bedroom / three bath, 2,203 square feet Cross Timbers Townhome fully furnished and ski area views! Listed $100,000 less than the closest priced competition. $699,000. See all the details and pictures on our Property Search page with MLS# 129782.
Ski in / Walk out one bedroom and bath Storm Meadows condo for only $296 per square foot. Great rental and views. $175,000. See all the details and pictures on our Property Search page with MLS# 130684.
