Friday, June 21, 2013

Steamboat Barn Village: So, what happened?


Steamboat’s Barn Village Development, located next to the Historic Barn in Steamboat Springs, CO, saw a successful initial offering on its vacant residential lots.  

Steamboat Barn Village was originally developed back in 2007 and it was sold out when initially released. With the massive shift in the economy, most of the buyers didn't move forward with their purchases. A few lots sold after but sales never gained momentum, the developer struggled and was eventually foreclosed on by the bank. The note was auctioned for $5.6M and purchased by Gibraltar Capital, the Private Equity arm of Toll Brothers.  

All the remaining 47 residential lots were released for sale on May 13th, 2013 at what was considered very attractive pricing with the caveat that the seller would only sell between 5-10 lots at that cost. The seller initially placed seven lots under contract and approached three more interested parties with a higher than asking price counter offer with the purpose of establishing higher comparable sales to support the price increases during the eventual second public offering. All of those buyers moved forward with the slightly higher pricing for a total of ten contracts expected to close in the next 2-4 weeks. Those are lot numbers 8, 14, 19, 23, 26, 32, 33, 48, 54, 55. 

It was reported that a few local builders invested in couple of the lots and even though direct details are not available, you can expect to see some exciting new construction projects in the near future. A brand new single family home product below $800,000 in the Mountain and Fish Creek areas has been practically non existent in the last few years on the Steamboat Springs market. 

All the remaining lots were released through Steamboat Springs Multiple Listing Service on June 4th with pricing in some cases as high as 15% - 20% above the initial offering. 

Interestingly enough, most of the lots that are currently in escrow stage were concentrated in the front part of the subdivision in direct proximity to Steamboat’s famous Historic Barn where the smaller acreage parcels are. None of the “Creek Front Homesites” or “Duplex Lots” ended amongst the ones currently under contract which is something I’m sure the selling entity would like to see more of. Those two types of opportunities represent the high-end part of the development and are situated in the back side of the subdivision bordering Fish Creek. Their pricing stayed the same after the recent second release phase.
 
Second Phase Pricing Below (click on image to enlarge):
 
 

Thursday, May 9, 2013

Barn Village Steamboat Major Lots Sell Out!



The long wait for the destiny of the vacant residential lots subdivision in Steamboat Springs called "The Barn Village" is over with the ownership entity releasing pricing yesterday. If building a second home or an investment property in Steamboat Springs right next to the Famous Steamboat Barn is in your long term goals, you may want to read the rest of this notice. I think many investors will get great values during the early steps of the seller's roll out strategy.

Steamboat Barn Village was originally developed back in 2007 and was sold out more than twice over when initially released. With the massive shift in the economy, most of the buyers didn't move forward with their purchases. A few lots sold after but sales never gained momentum, the developer struggled and was eventually foreclosed on by the bank. The note was auctioned for about $5.6M and Gibraltar Capital, the Private Equity arm of Toll Brothers bought the note. They were finally able to foreclose on the 47 remaining lots in Steamboat Barn Village a few months ago. Gibraltar is strong so their ownership removes the distress in this development and should allow it to move forward. Gibraltar is releasing all the currently available lots at the same time but are planning on only selling 5-10 lots at this advertised pricing after which the prices will be raised 5%. The deadline to submit an offer is Monday, May 13th at 5 PM MST.

Please follow the links below to get more information:

AVAILABILITY MAP

PRICE SHEET

I have the insight to help you properly evaluate this market opportunity, see if it makes sense for you and structure the right strategy in getting involved with a great investment in beautiful Steamboat Springs. These are big discounts from original pricing but they only make sense if they are a good value based on what your goals are. As a buyer/investor, my help comes at no additional cost to you as the seller covers all broker participation commissions, so give me call at 970-291-9412.
I'm looking forward to serving you!

Friday, May 11, 2012

Trailhead Lodge Auction

Trailhead Lodge was completed in 2009, but by the time developers Resort Ventures West were ready to deliver finished units, the real estate market had turned down dramatically and many of the pre-construction contracts did not turn into closings. Trailhead Lodge is managed for short-term rentals by Wyndham Vacation Rentals. When Salt Lake City company SilverLeaf Financial acquired the six-story Trailhead Lodge in Steamboat Springs, CO and the remaining 58 unsold condos through foreclosure proceedings last year, every real estate broker in town, including myself, was wondering what would a transaction of this magnitude do to our local Real Estate Market. SilverLeaf purchased the outstanding debt of $57 million from Bank of America for the discounted price of $28 mil. The initial price reduction of the residences after the acquisition created little to no activity pushing the new owners to the Auction event which took place in a downtown Denver hotel this past weekend (May 6th). There were 100 interested parties estimated, 25 of which were on-line bidders. There were buyers from 15 different states in US as well as Brazil and Bermuda. To give you an idea of pricing, residences previously priced at $1.3 m, had a starting bid of $335,000. The end result was 24 winning bidders, all accepted by the selling entity, for a total of $9,170,000. We'll have to wait up to 6 weeks to see if all of the above transaction go through the so called due diligence (buyer research) time period smoothly. Word on the street is that this Auction will create a post effect by stimulating buyer activity because of a few different reasons. Many interested parties were not comfortable with the auction format, the training and registration needed prior to the event, the 5% premium on top of the purchase price. Secondly, the auction prices will set a new market for the Trailhead development. I don't think even in their wildest dreams Silverleaf Financial executives would expect a future buyer to pay much more for the remaining inventory than what was paid at the auction event. Those will be a few very interesting weeks coming ahead and this is the time to bank on a good deal for almost a brand new product, with great amenities, located at the base area of one of the best ski resorts in North America. Oh...and did I mention your private line Gondola right outside your lobby doors. If you need more information on the remaining inventory please contact me directly at 970-291-9412 and martin@mybrokers.com I'm looking forward to serving you!

Wednesday, March 21, 2012

Top 5 Breakfast Restaurants in Steamboat Springs, CO

Steamboat Springs has many great things to offer it’s patrons and visitors, but one comes to the front of the line and that is all the great breakfast restaurants. I’ve had the opportunity to enjoy those many times in my 11 years in town and I thought I should share my experiences with our readers. Here is my Top 5 list of favorite breakfast restaurants in town: 1. Hands down the best place to go and visit and where I spend most of my eating out money is “Freshies”. The restaurant is located on the main highway running through town and it is on the left hand side as you drive from the Mountain Village towards Downtown but right before you get there. The restaurant offers a cozy atmosphere, friendly service and of course amazing food. They always use fresh ingredients and, as all of you chefs out there know, this is the most important part of good cooking. I’m yet to order something out of the menu I don’t like. Whatever you order, make sure you get to try their breakfast potatoes. The pancakes are amazing too. Oh…and don’t forget to grab one of their home made cinnamon rolls to go on the way out. Trust me, try it…thank me later 2. Most of the locals worship “Winonas” which takes the number 2 spot in my list. It is not unusual to see long waiting lines in front of the restaurant on weekend mornings, especially in the busy season. The owners of this restaurant used to operate “Freshies” back in the days and therefore lots of similarities between the two spots. “Winonas” offers great food and friendly “local” service. The restaurant is located right in the heart of the historic downtown Steamboat Springs on 7th St/Lincoln Ave., so you can easily go for a nice walk after breakfast….and feel less guilty about yourself. Make sure you try some of their egg scrambles or omelets. 3. Close 3rd place takes “Creekside”, located on Soda Creek and 11th St., slightly off the busy main street – Lincoln Ave. Their signature meal, based on my humble opinion, is their Eggs Benny (aka Benedict). They offer great outdoor seating during in the summer, right on the creek. Make sure you get there a few minutes before you faint of hunger on a busy season weekend morning, as long waiting lines are not unusual. I think “Freshies” handles the waiting lines much better and faster comparing to my #2 and #3 choices. 4. Many locals will “crucify” me  for not having “The Shack” thus far in my list but I’m going to go with “The Egg & I” as my 4th choice. They are representatives of a small chain of breakfast/lunch restaurant in Colorado. Located in Sundance Plaza, between the Ski Area and Downtown and very close to the main highway. When you see Wendy’s and Starbucks, turn right. Make sure you try their Mexican Skillet, especially if you like your breakfast a little on the spicy side like I do. 5. “The Shack” is located downtown on Lincoln Ave., between 7th and 8th St., on the right hand side as you drive into town from the mountain. They offer smaller and cozier seating area with nice service. It is many locals’ primary choice because of…I’m not sure why…with having 1 through 4 above Please don’t get me wrong, I’m pretty sure you’ll have an amazing experience visiting any of the above spots. This is just my own opinion and I meant to mostly have fun with it. Please keep in mind that all of the restaurants above also offer lunch. Stay tuned, best ski runs in Steamboat coming up soon… Thank you for reading and happy exploring! About the author: Martin Dragnev is a Realtor with Colorado Group Realty in Steamboat Springs and can be reached at martin@mybrokers.com or 970.291.9412. If curious about local real estate you can browse all the listing opportunities by visiting his website: www.realestateofsteamboat.com

Tuesday, November 29, 2011

Top 5 Ski Runs in Steamboat Springs

Top 5 Ski Runs in Ski Town USA: Steamboat Springs With the Steamboat Ski Area opening just recently, I can’t help it but get really excited about the upcoming winter season, especially if it is anything like last year. If you like fresh powder show and tree runs, our mountain is hands down the place to be. Here is a short list of my favorite ski runs…and I’m going to go ahead and categorize them for intermediate & advanced skiers only. 1. Hands down the best run on the mountain for me is “No Name Chute” of the Morningside Park area. Steep grade, trees perfect distance from each other and a big open meadow at the base. When starting the run, stay as close as you can to the rope dividing “No Name Chute” and “North Saint Patrick’s”. The only problem with this run is…that it’s too short. I would only recommend on a day with fresh overnight snow. Please note, locals refer to those two runs as Gate C…and I’m probably already in trouble for even talking about it. 2. Close second would be the “Pony Express Liftline” which is an area very close to the edge of the Ski Area boundary. This is a pretty wide slope and a long, quads burning run. I would recommend sticking close to the tree line on the skiers left going downhill. 3. Third spot takes the slope locals call “Sideburns”. Now…you are not going to find this name on the official map. This is the treed area on skiers left as you go down Storm Peak South run whose nick name is The Face…and what is on the side of the face? Sideburns…it figures. This is the perfect run for enthusiast who love heavily treed areas. I recommend doing it early if any overnight snow as it gets tracked out quickly. 4. Another leg burner, taking spot #4 is the long “Three O’clock”. This is a wide open slope and represents one of the longest runs within the Ski Area boundary. 5. With so many fun rides in Steamboat I’m running out of spots quickly. I should have made this a top 10 or even better top 20 list. Oh well… I’m going to have to go with “Nelson’s Run” as my 5 spot. On a regular day this is perfect for folks who enjoy bumps skiing and on a day with fresh powder this run is long, has a few cat tracks crossing it and therefore present an opportunity to catch some air (if you are into such a thing) and it is a lot of fun! There you have it. I’ll see you on the slopes! Thank you for reading and happy exploring! About the author: Martin Dragnev is a Realtor with Colorado Group Realty in Steamboat Springs and can be reached at martin@mybrokers.com or 970.291.9412. If curious about local real estate you can browse all the listing opportunities by visiting his website: www.realestateofsteamboat.com

Monday, October 24, 2011

Exciting News from Colorado Mountain College in Steamboat Springs, CO

Very exciting news in the world of local education came across this week here in beautiful Steamboat Springs, CO. The Colorado Mountain College (CMC) CEO, Peter Perhac, noted in a business outlook breakfast, organized by the Steamboat Springs Chamber of Commerce this week, that the college has secured enough funds to complete an almost 300 seat auditorium which will connect with the campus’ new 60,000 square foot facility, which is expected to be completed next summer. In the first fund raising cycle, the CMC Foundation had to raise $1.5 mil by October 15, 2011 for a total of $2.7 mil. by April, 2013 in order to get the state of Colorado’s help on this project. Historically, this is the largest fundraising effort in our community coming to show the city’s passion for a higher level education.

On the top of all that, CMC will offer bachelor degrees in two different areas – Business Administration and Sustainability Studies starting as early as this years fall semester. The bachelor degree in Teacher Education is expected to become available around 2014. All of the above is toped off with the Culinary Program that the college currently offers.

If interested in more information please visit CMC’s official website: http://www.coloradomtn.edu/

Saturday, April 23, 2011

Steamboat Springs, CO with record snow base for April


photo courtesy of Larry Pierce

Looking at that photo today truly amazes me and shows how great of a snow season we've had up here in beautiful Steamboat Springs, CO. The unscientific prove was to be found on the top of our ski mountain. Those of you who have skied here before probably know about this so popular Buddy Werner, who is one of the greatest Steamboat Olympians, bust statue at the top of Storm Peak Express chairlift. Us locals like to touch the helmet of the statue for injury free day and for good snow. I remember hiking up there past summer and not being able to reach the helmet, no matter how high I was trying to jump...and I'm almost 6 ft tall. Well, one thing I know for sure is that I'll never doubt the power of the statue ever again.

The snow base on Buffalo Pass, or like locals call it: "Buff", reached 180" yesterday and May is right around the corner?!? That is a new all time record for snow dept there with previous records dating back in the 60's. Buff Pass is one of the areas where locals go back country skiing or riding, which you need a proper gear for, snowmobile as there are no chairlifts and...good skills.

If I was you, I would seriously consider Steamboat Springs, CO and the beautiful Yampa Valley for your next ski trip, you won't be sorry...trust me on that. Moreover, we all know what that huge spring snow runoff means for the summer water sports - river tubing, kayaking, rafting...It will be a lot of fun!

Oh, I almost forgot...don't forget to tap Buddy's helmet for good luck next time you are on the top of the Steamboat mountain, summer or winter!

Friday, March 11, 2011

Colorado Group Realty Charitable Foundation


Colorado Group Realty Announces its Sixth Round of Charitable Foundation Grant Recipients as $11,000 Awarded to Nine Local Community Programs

The Colorado Group Realty Charitable Foundation awarded a total of $11,000 in grants to nine local organizations Thursday, March 10th at a gathering at the Tread of Pioneers Museum. This is the sixth distribution of grants totaling over $60,000 by the Charitable Foundation and is part of a continuous effort to support community-based programs.

This winter’s recipients are: Grand Futures, Habitat for Humanity, Howelsen Hill
Centennial Campaign, Humble Ranch, Partners in Routt County, Routt County Riders,
Steamboat Adaptive Recreational Sports, Summer Concert Series and Yampatika.
The Colorado Group Realty Charitable Foundation was established in 2006 in order to
provide a means to give back to the community. In addition to donations made at
the time of real estate transactions, employees, managers and matching funds from
client and public donations, can also contribute to the foundation. The goal of the
Charitable Foundation is to support a wide range of community based programs
related to human services, the arts, education, western heritage, the environment
and recreation.

March 2011 Colorado Group Realty Charitable Foundation Recipients:

Grand Futures Prevention Coalition provides a framework for the community to create and promote positive, healthy lifestyles as alternative choices to substance abuse for youth.
Since 1999, Routt County Habitat for Humanity has been building and
remodeling simple, safe, affordable homes with families in need throughout Routt
County.
Howelsen Hill Centennial Campaign is an effort to raise money to upgrade the facilities at Howelsen Hill.
Humble Ranch Education and Therapy Center provides individuals with varied abilities, therapeutic and educational opportunities in the heart if a working ranch.
Partners in Routt County is a youth mentoring organization whose mission is to make a positive difference in the lives of youth of Routt County by facilitating one-toone partnerships between adult volunteers and youth.
Routt County Riders is a bicycle advocacy group representing the local cycling community.
Recreational opportunities for people with disabilities are offered through
Steamboat Adaptive Recreational Sports (STARS).
The Steamboat Springs Free Summer Concert Series produces an annual
summer music series that is free to the public and provides enjoyment for both local
residents and visitors.
Yampatika was founded in 1992 by community members who saw a need for environmental interpretation in the Yampa Valley.

About Colorado Group Realty, the largest 100% locally owned real estate firm in Steamboat Springs, has a deep commitment to improve the quality of life in the Yampa Valley. The company operates 4 offices in the area.

Tuesday, February 22, 2011

This Week's Top Picks and Sold Homes on the Market in Steamboat Springs, CO

Hi there, lets take a closer look at what is happening on the market locally. Yet again there are plenty of great investments out there and most of them foreclosures or as they call them in the industry REO (Real Estate Owned. There is a variety of product available, from condominiums and town homes to single family homes and even land opportunities to allow you to build your dream house in the beautiful Yampa Valley. The amount of foreclosures doesn't surprise me as Routt County did beat the all time record for foreclosure filings in September of 2010 with 3 months still to go and finished the year with around 300 foreclosure filings or like they call them in the industry NED (Notice of Elect and Demand). Only in the month of January of 2011 we've had over 60 NED fillings. Those numbers might not sound like a lot to you, especially if you reside in one of our metropolitan areas, but for the small Routt County with its 25000 or so in total population, that is a HUGE number.
To take a closer look at the investments that sold this week, please click here And if you'd like to see the Top Picks and all the wonderful opportunities that the Steamboat Springs, CO market has to offer, please click here.

Tuesday, January 25, 2011

What is Happening on the Market in Steamboat Springs

By Martin Dragnev

Dear All,

The current housing market nationwide, as you all know, has been in turmoil compared in many instances with some of the worst economic times our country had been through. Routt County is not immune against all the nationwide trends as being primarily a second home/vacation home market is in direct correlation with the Stock and Bonds markets and the housing market in the big metropolitan areas. Many of you are asking, How are all the short sales and foreclosures affecting our home values? What is going on with the average home price in our neighborhood? How are the most recent sales affecting our ability to sell or refinance? Is now really the best time to buy or is that simply yet another sales tactic?

I would like to give you some numbers to help you better understand the market conditions we are in. With just a few weeks remaining in the year, Routt County has already established a new record in foreclosure filings in a calendar year (274) and public officials expect to finish the year at about 300. The previous record of 234 was set in 1985 as a result of the Savings and Loan Crisis. As of today, our MLS system shows 48 active residential foreclosures in Routt County and 27 pending sales. Those numbers show that lots of buyers are taking advantage of the great opportunities that the market presents them with. I was able to help a young family obtain their first home this summer in the Stagecoach Area where they got happily involved with a 3BD/3BA, 2500 square foot home with 2 car garage and the size of their investment was in the low $200’s.
This is also good news for sellers trying to put their home on the market as most of those bank owned properties are getting absorbed rather quickly.

Taking a closer look at the Short Sales, there are currently 62 active and only 3 pending sales. Short Sale is the process in which the lender (the bank) agrees to take less funds (shortage) than what is owed to them by the borrower in the sale of his home. This is very complicated and time consuming process and you would most likely need a real estate professional with knowledge in that area to assist you through the process.

So, let’s explore some of the questions you might be asking yourself.

How are all the short sales and foreclosures affecting our home values? What is going on with the average home price in our neighborhood?

Short sales and foreclosures are usually priced towards the low end of the market and have the potential of bringing the average neighborhood price down. Please keep in mind that banks do property evaluations often and even though they are willing to give buyers a good deal, they are not simply giving properties away. On the flip side of that coin, most of the distressed properties are in somewhat of a deteriorated condition and need to be purchased in AS-IS condition which caries certain doze of risk and some buyers are not going for that. Also being priced aggressively helps getting them absorbed by the market quickly and reduces the number of homes for sale in a given neighborhood and therefore the competition.

Is now really the best time to buy or is that simply yet another sales tactic?

Mortgage interest rates is another factor making this market such a unique opportunity for buyers. Even though they had started to trickle upwards, they are still near historically low levels. There are great first time home buyer programs available out there like the United States Department of Agriculture (USDA) loan which is a program with no money down and the Colorado Housing and Finance Authority (CHFA) loans. Programs like these in combination with down payment assistance programs, like the one administered locally through Yampa Valley Housing Authority (YVHA) are very powerful tools available to buyers.

Of course, I don’t have a magic wand to tell you when the market will bottom out but I have remained very active throughout the year and there have been lots of opportunities on the market. There are many reports and industry specialists are pointing out that 2011 will be a break through year for real estate and I am hopeful that by next spring there will be a spur of activity on the market locally. As local professionals like to say amongst themselves…”Buyers always like to look at opportunities in the winter and invest in the summer”.

So…is getting happily involved with an investment in Steamboat now a good idea? I would say…Yes. You are never going to be able to time the market perfectly and with most sellers being upside down on their home equity, I don’t see prices going down too much further for the most part. That, combined with the low interest rates and some of the great loan and down payment assistance programs provides for real buyers market.

I’ve been fortunate enough this year to continue being involved in the Real Estate industry, working with Sellers and Buyers alike and trying to find the perfect home for folks who still dream of having a place to call home in Steamboat.

I’m happy to assist you in any way possible, so please feel free to contact me on my cell phone 970.291.9412 or shoot me an email at martin@mybrokers.com

Martin Dragnev

Monday, January 17, 2011

Sold in Steamboat Springs for the week of Jan 11th

Just released: all the sold real estate opportunities in Steamboat Springs in the last week. Again we see some short sales and foreclosures on the list which have been the primary moving force on our market. To see the homes click here.

Wednesday, December 29, 2010

Sold homes in Steamboat Springs,CO for the week of 12.28.10

Hot of the press: Sold properties in Steamboat Springs, CO for the week of December 28, 2010. Arround here we like to say that our visitors and patrons look at properties in the winter and invest in the summer. Well that has shown not to be entirely true as lots of folks see the great opportunities our market has to offer and get happily involved with an investment in Ski Town USA. To see last weeks sales just click here.

Tuesday, December 14, 2010

Colorado Group Realty Winter Real Estate Piece

Hot of the Press: Colorado Group Realty Winter Edition of all the wonderful opportunities on the real estate market in Steamboat Springs and Routt County Colorado. Please browse through and contact the site owner with any questions and/or inquiries. I hope you find the information helpful in your decision making process.

Enjoy!


Friday, November 19, 2010

Early Steamboat Snow!

Check out my video at the base of the Steamboat Springs, CO Ski Area

Monday, November 15, 2010

Loan Value Group rewards responsible homeowners in new strategic default mitigation platform

Earlier this year the Loan Value Group introduced a special incentive program for homeowners who continue to make their monthly mortgage payments. The program targets the strategic default which is the process when borrowers who actually have the ability to make their mortgage payments seize doing so because their home is under watter and they are trying to get their bank to approve a modification or a short sale. This has a negative impact on the borrowers credit history but many homeowners today are making this tough choice. Strategic defaults account for about 25-30 % of the loans currently in default nationwide.

The program is free of cost for the homeowner and it doesn't change the conditions on his mortgage. Here is how this program works:
~ qualifying homeowner is presented with initial responsible homeowner reward amount
~ homeowner needs to make their monthly mortgage payments on time in order to keep the reward status active
~ for a fixed period of time additional amounts will be added to the initial reward amount for each month the homeowner maintains active status
~ Once and ONLY when the mortgage balance is paid in full either by the sale of the home, refinance or paying off the mortgage, the homeowner is entitled to the reward funds.

Many factors are taken under consideration when qualifying homeowners. Negative equity, income, geography and number of other factors are reviewed when determining the reward amount which is typically 8-10% of the original loan amount. I know, that could be a substantial amount. That is exactly what I thought when I first read about the program and that is why I made the call to Loan Value Group.

In my opinion this program will be a Win-Win for everyone involved in the mortgage process as it aligns the interests of borrower, lender, mortgage insurers, investors, even state and local municipalities.

To learn more about the program, please visit their official website.

Monday, November 8, 2010

Sunray Meadows in Steamboat Springs, CO

As your local Realtor and a resident of Sunray Meadows I'm excited to keep everyone up to date on what is happening in our neighborhood. With three successfully closed sales in the subdivision since July of this year, there seems to be a lot of activity on the market.

Those sales were:
~2bd/2ba, 1149 sq.ft., short sale, $285,000
~3bd/2ba, 1268 sq.ft., short sale, $300,000
~2bd/2ba, 1153 sq.ft., not a short sale, $310,000

There are also three currently pending sales with one of them being a short sale.

Wondering what that is...?

Short Sale is the process in which the bank agrees to take less than what is owed to them. Those type of transactions usually occur when the owner is under financial duress and when the current market value of the home is far below the current principal balance of the mortgage. The borrower needs to have a valid and qualifying hardship event in his life in order to get approved by his lender. Each bank institution has different criteria on what those qualifying events are.

There are also six currently active listings on the market as of the date of this blog post. Here are the details:

~1bd/1ba, 860 sq.ft., not a short sale, $220,000
~2bd/2ba, 1149 sq.ft., short sale, $240,000
~2bd/2ba, 1149 sq.ft., short sale, $255,000
~2bd/2ba, 936 sq.ft., not a short sale, $279,000
~2bd/2ba, 1060 sq.ft., short sale, $285,000
~3bd/2ba, 1154 sq.ft., not a short sale, $345,000

Just about a year ago there were over a dozen properties for sale in Sunray Meadows and being down to what they are is good news for anyone who owns in the subdivision, including myself.

There were two investors in the project with family ties and each one of them owned four residences. Unfortunately they purchased at the very peak of the market and most of those properties became distressed. Over the course of the last year and a half most of the mentioned above properties were nicely absorbed by the market and the situation in Sunray Meadows is much healthier now.

I wanted to use this opportunity to state how happy I am with our HOA and our president (Mandy) for all the hard work they put day to day and making living in Sunray Meadows so enjoyable.

Wednesday, November 3, 2010

Just released September real estate sold statistics in Steamboat Springs and Routt County by area. It looks like the Ski Mountain area has grasped the lead yet once again. To view the homes by area simply click onto the following links:
West of Steamboat
Fish Creek Area
South Routt Area
Downtown Steamboat Springs
Hayden Area
North Routt
South Valley
Mountain Area

Thank you for visiting my blog and I hope you find this information helpful. Please contact the blog host with any questions.
Welcome to Steamboat

Thursday, April 1, 2010

Steamboat Springs, Colorado Home Search

Where is Steamboat Springs, Colorado?