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Hello Friends,

Our March market update includes December and January market analysis and our annual report.

Scoll down to view the market analaysis or click the banner to view the 2011 annual report.

Don't forget to set your clocks forward one hour this Saturday night.
Time to spring forward!

Thank you and all the best,
Chris and Amy

Chris Paoli - Owner/Broker
1.970.819.1432
chris@mybrokers.com
Amy Brown - Broker Associate
1.970.846.2114
amybrown@mybrokers.com



Highlights for the month of December 2010:
Click here to view Market Analysis pdf.
  • Total Sales Volume for the month of December was $54,261,900 making this the highest volume sold per month for 2010.

  • Total Units sold for the month of December were 79 down from the 156 compared to December 2009.

  • The total Sales Volume for all of 2010 was $512,100,114 a 16% increase from the 2009 total.

  • The Units sold for all of 2010 was 1,817 a 71% increase from the 2009 total.

  • Total Fractional sales sold for 2010 were 1,123 compared to 516 for 2009.

  • Residential Improved Units sold for 2010 were 485 compared to 374 from 2009.

  • For 2010 the Mountain Area had the highest Volume sold with $218,226,500, then Fractional with $94,356,800 and Downtown saw a volume of $40,907,300.

  • Sales of Residential Units sold of 1 million dollars and above increased from 74 for 2009 to 104 for 2010.
Sales to report over $2.5 million
  • 12/9/2010 $3,490,000 More’s Corner Subd Lot 2 aka 2067 Indian Summer Drive – 5 Bedroom 5.5 Bath YOC 2006 with 10,431 SF Living Area on .33 AC Land. This sale is located in the Steamboat Mountain Area.

  • 12/17/2010 $3,200,000 Lake Catamount Subd Exemption Lot 2 – aka 30355 Harrison Trail – 4 Bedroom 6.5 Bath YOC 2004 with 6,428 SF Living Area on 59.34 AC Land. This sale is located in Catamount.

  • 12/21/2010 $3,000,000 Graystone on the Green Subdivision lots 1 through 17 inclusive – aka 1305 Clubhouse Circle – 17 Vacant Residential Building Sites totaling: 7.188 AC Land. This Sale is also a Bank Sale with Vectra Bank as the Seller. This property is located in the Steamboat Mountain Area and is categorized as a Development Sale.

  • 12/29/2010 $2,900,000 Marabou Subd #2 Homstead Lot B9 – aka 43441 Elk Run – 4 Bedroom 3 Bath YOC 1993 with 3,296 SF Living Area on 6.73 AC Land. This sale is located in the Elk River Area.
Analysis provided by: Bruce Carta of Land Title Guarantee Company
Highlights for the month of January 2011
Click here to view Market Analysis pdf.
  • Sales volume for the month of January was $46,060,200 down by 7.52% from the previous January 2010.

  • Units sold for the month of January were 136 units and 25% more than the units sold in January 2010.

  • Residential improved units sold for the month of January were 35 compared to 28 from January 2010.

  • The Mountain area had 20 sales this January compared to 22 last January.

  • The Downtown Area had no sales last January and 6 this January.

  • Residential improved units sold for $500,000 and below were 18 compared to 11 in January 2010.

  • Residential improved units sold for 1 million and above were the same at 11 sold for both this January and last January.

  • There were 12 bank sales in January 2011, totaling $5,284,700.

  • The Average bank sale price was $440,392 per unit.

  • Bank sales accounted for 12.56% of the overall gross volume for the month.

Highest Priced Sales over $1.5M
  • 1/4/2011 $3,224,000 Edgemont Condo Unit 2201 aka 2410 Ski Trail Lane. 5 Brm 4.5 Bath YOC 2009 with 3,903 SF Living Area. PPSF is $826.03. This is a new construction sale in the Steamboat Mountain Area.

  • 1/21/2011 $2,940,000 Sanctuary Subd #5 Lot 130 aka 3057 Heavenly View. 5 Brm 5.5 Bath YOC 2007 with 6,317 SF Living Area on 1.59 AC. PPSF is $465.41. This is a new construction sale in the Steamboat Mountain Area

  • 1/10/2011 $2,461,400 More’s Corner Replat Lot 32 TH Unit 32A aka Address not shown. 5 Brm 4.5 Bath YOC 2009 with 3,476 SF Living Area. PPSF is $708.11. This is a new construction sale in the Steamboat Mountain Area.

  • 1/19/2011 $1,950,000 Sanctuary Subd #5 Lot 143 aka 2745 Whitewater Lane. 5 Brm 5.5 Bath YOC 2008 with 5,716 SF Living Area on .50 AC. PPSF is $341.15. This is a new construction sale in the Steamboat Mountain Area

  • 1/3/2011 $1,900,000 Dakota Ridge Subd Lot 68 aka 31665 Sugar Ridge Road. 5 Brm 5.5 Bath YOC 1998 with 4,462 SF Living Area on 6.38 AC. PPSF is $425.82. This sale is located in South Routt Area.

  • 1/26/2011 $1,800,000 OSP Condo @ Apres Ski Way Unit R-518 aka 2250 Apres Ski Way. 4 Brm 4 Bath YOC 2009 with 2,388 SF Living area. PPSF is $753.77. This is a new construction sale in the Steamboat Mountain Area.

  • 1/26/2011 $1,700,000 Sanctuary Subd #3 Lot 41 aka 0935 Steamboat Boulevard. 5 Brm 5.5 Bath YOC 2004 with 4,692 SF Living Area on .58 AC Land. PPSF is $362.32. This sale is located in the Steamboat Mountain Area.

  • 1/18/2011 $1,650,000 Lake Village Ph I Subd #1: 78 Sites aka Address not shown. Of the 78 Sites, 4 of them have new homes built in 2007 totalling 7,164 SF. Each home is 3 Brm 2 Bath. All the other remaining sites are vacant. 3 of them are for multi-family development, while the rest are for single family. The total acreage for this sale is 23.26 AC. PPAC is $70,937. This is a Bank Sale. It is located in the Hayden Area.

  • 1/13/2011 $1,650,000 M&B: Sec 29-7-84 aka 31775 Bradley Ranch Road. 4 Brm 3.5 Bath YOC 1978 with 4,340 SF Living Area on 35.140 AC Land. PPSF is $380.18. This sale is located in the Elk River/Strawberry Area.
Analysis provided by: Bruce Carta of Land Title Guarantee Company

Highlights for the month of January 2011:
Click here to view Market Analysis pdf.
  • Total Sales Volume for the month of November was $27,275,714 down from the $89,994,700 compared to November 2009.

  • Total Units sold for the month of November were 93 down from the 131 compared to November 2009.

  • Year to Date Total Sales Volume has reached $457,838,214 a 28% increase from the same period through 2009.

  • In 2009 the total sales volume for the whole year was $439,774,300.

  • 33 of the 48 Residential Improved units sold in November were for $500,000 or less.

  • The Steamboat Mountain area continues to lead sales with $9,673,000 or 35% of the total sales volume for the month.

  • YThe Downtown Area was second in sales volume with $4,075,000 or almost 15% for the month.

  • No sales to report over $1.5 million

  • There was one sale over $1M to report:
    11/22/2010 $1,275,000 Pavilion Ranch MDSE Subd Lot 2 - 46915 RCR #129 - 4 Bedroom 4 Bath 1,956 SF Living Area on 35.2760 AC Land Area.
Analysis provided by: Bruce Carta of Land Title Guarantee Company

Chris Paoli
Owner/Broker
Cell 970.819.1432
chris@mybrokers.com