Archive for June 2016

Mortgage Rates at 3 Year Low

Fish Creek Meadows

Fish Creek Meadows

Mortgage rates have dropped again, which is good news for buyers looking to finance new Steamboat Springs real estate purchases.  About half the real estate sales in our area are financed.  The other 50% pay cash, pull money out of their primary residences by refinancing or getting a home equity loan, borrow against brokerage accounts, or use other creative financing options.

This week’s national rates are:

  • 3.54% for conventional 30 year financing
  • 2.81% for 15 year financing
  • 2.74% for 5 year ARMs

Buyers in Steamboat need to be aware that our resort market sometimes comes with different rules, so it’s a good idea to call us at 970-819-6372 to talk about financing.  For example, some condos do not qualify for conventional Fannie Mae financing so you may have to use an ARM or a local Steamboat lender.

See all properties for sale here, and call us if you are planning on borrowing money for your purchase.  We can often save you a lot of time.

Honeysuckle Building Site Near Yampa Reduced $50,000

This amazing building site has just been reduced to $250,000, so please call us at 970-819-6372 for more information or to walk the property.  Click here for full details.

Honeysuckle Homesite Price Reduction

Single Family Home Sales in Steamboat March-May 2016

Single Family

2016 Q1 results are in thanks to Land Title, and it’s no surprise that prices are up. Here are general trends comparing the 1st quarter of 2016 to the 1st quarter of 2015 in Routt County:
* Average Residential Price up 28.43%
* Gross Sales Volume up 10.61%
* Real Estate Transactions down 1.65%
* Buyer Profile: 54.42% local, 9.29% Front Range, 36.28% Out-of-State

In March thru May 2016 there were 38 Single Family home sales in Steamboat Springs with the most expensive being a $2.3 million home sold at Burgess Pines. This was one of six properties that sold for over $1 million in that time frame.

The average price for single family homes was $801,000 according to the Steamboat MLS.

See the homes that sold below, and call us at 970-819-6372 with your questions:

DevelopmentAddressAsking PriceSold PriceSold/Asking
Riverside Subd2774 Riverside Drive$225,000 $225,000 100.00%
Pioneer Village1492 Conestoga circle$375,000 $352,000 93.87%
Metes & Bounds28050 Thorpe Mountain Drive$420,000 $405,000 96.43%
Steamboat II Subdivision40519 Steamboat Dr$425,000 $418,000 98.35%
Hibbert Subd30400 Yellow Jacket Lane$499,999 $425,000 85.00%
Heritage Park27381 Brandon Circle$469,500 $428,000 91.16%
Brooklyn Subdivision254 River Road$499,000 $499,000 100.00%
Blacktail Mountain Estates28525 Valley View Lane$529,000 $515,000 97.35%
Whitecotton Subdivision27955 Whitecotton Lane$599,000 $562,500 93.91%
Emerald Knoll639 Hilltop Parkway$597,000 $580,000 97.15%
ButcherKnife Creek Subdivision638 Ruby Square$595,000 $595,000 100.00%
Tree Haus37260 William William$609,000 $605,000 99.34%
Heritage Park27433 Brandon Cir$629,000 $606,000 96.34%
Deerwood Ranches31350 Deerwood Ranch Road$649,000 $622,000 95.84%
Whistler Meadow1784 Meadow Ln$629,000 $629,000 100.00%
Willett Heights Subdivision339 Apple Drive$664,500 $650,000 97.82%
Silver Spur/ Estates27611 Winchester Trail$685,000 $656,800 95.88%
Bearview Subdivision500 Bearview Ct$695,000 $660,000 94.96%
Settlers Crossing3405 Hiawatha$662,000 $662,000 100.00%
Tree Haus36843 Tree Haus Dr.$699,000 $690,000 98.71%
Smith Creek Park Subdivision51193 Smith Creek Park Road$799,000 $725,000 90.74%
Orig Town Steamboat Springs207 9th street$815,000 $775,000 95.09%
Ski Ranches Subdivision2795 Laurel Lane$845,000 $786,400 93.07%
Metes & Bounds30315 Hawks View Lane$799,000 $800,000 100.13%
CrawfrdAddtoSS220 Missouri Ave$885,000 $835,000 94.35%
Willett Heights Subdivision295 Blue Sage Circle$850,000 $850,000 100.00%
Other27425 Routt County Road 14$925,000 $895,000 96.76%
Orig Town Steamboat Springs431 7th Street$985,000 $915,000 92.89%
Homestead Meadows Subdivision29980 Homestead Lane$945,000 $925,000 97.88%
Other1250 Bob Adams Drive$959,000 $959,000 100.00%
Fish Creek Meadows2249 Anglers Drive$1,069,500 $975,000 91.16%
Emerald Knoll725 Sandhill Circle$1,095,000 $1,043,000 95.25%
Fairview Add Ss424 Fairview Dr$1,290,000 $1,200,000 93.02%
Fairway Meadows Subdivision1490 Mark Twain Lane$1,249,950 $1,200,000 96.00%
Dakota Ridge Subdivision31655 Sugar Ridge Road$1,397,000 $1,397,000 100.00%
Dakota Ridge Subdivision31515 Aspen Ridge Road$1,575,000 $1,520,000 96.51%
Yahmonite Add SS850 Douglas Street$1,640,000 $1,575,000 96.04%
Burgess Pines Subdivision2900 Burgess Pines Trail$2,395,000 $2,300,000 96.03%