April 8th, 2010

Posted On April 8, 2010

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The spring selling season has begun! More places are coming on the market and more places are going under contract. It is a small looking up turn but it’s the best the single family home market has been in about a year and a half. Take a look at the chart of just 2010:

Number of single family houses active and pending during 2010

You might notice there is a lot of active compared to pending. There is about a 2 ½ year supply, where as a stable market has about a one year supply. We still have a year of moderate price correction. Take a look at the same chart for condominiums:

Number of condos under contract and pending in 2010.

Although the market has been improving just like the single family market, the condo market has a 4 year supply. This is due to the second home owner condos where the financing is difficult to get. The local condos are selling okay, but their prices are hurting due to the second home owner condos driving this segment of the market down.

Speaking of local condominiums; I just listed a sweet place to call home – check it out: www.SkiTownRealty.net. It’s almost new being built in 2005 and is an easy access location to everything for only $239,900. See my ad in the paper: http://www.steamboatpilot.com/eEdition/, and in the Local paper: http://www.thesteamboatlocal.com/.

I’m also working with a buyer looking for a $900,000ish house with privacy preferable in old town. I also have a buyer looking for a house outside of Steamboat up to $380,000. And a buyer looking for a place in town which is 3 bedrooms and up to about $350,000. If you know anyone, please send them my way! All referrals always welcome.

Happy mud season!


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