Welcome to The Paoli Group Market Update

Our examination of the Steamboat Springs real estate market.


The Paoli Group Website   |   The Paoli Group Blog   |   Members

      Summer is here! Steamboat is as green and beautiful as ever. Our reward for enduring a wet spring! As many will agree, the best time of year is upon us. The river is peaking, the trails are drying and the golf courses are open. It is time for farmers markets, festivals, concerts, running races, mountain biking, fishing, tubing, swimming, rodeos and more. We are getting the summer excersise season in full gear with lots of biking, running etc. If you are looking to join in for some fun bike rides or trail runs, check us out on Facebook for our daily schedule. Looking forward to seeing you outside this summer!

      It is also the kick off of the summer real estate season. Prices are enticingly low and there are some significant bargains. Inventory is high and interest rates continue to be low. First quarter is showing some great signs of improvement. Routt County statistics shows the number of transactions during the first quarter rose almost 113% to 312 compared with 277 a year ago. Dollar volume was up more than 255 percent to $125.7 million in the first 3 months compared with $55.7 million a year ago.

      If you have any questions or wish to discuss any of the items mentioned above, email or call 970.819.1432

All the best,
Chris and Amy

Summary for the month for April:

• Total Sales Volume for the month of April 2010 is 195 % over the volume from April 2009.

• Units Sold are up 176 % for April 2010 compared to April 2009.

• YTD Volume is up 215 % compared to the same period in 2009.

• Fractional/Interval Sales for the month of April 2010 consisted of 40 of the 104 transactions.

• There were 7 Bank Sales in April 2010, totalling $4,158,500 in Gross Volume, or an Average Price of $594,071 per Unit. This accounts for 7.75% of the Overall Gross Volume in Sales for April 2010.

Notable sales for the month of April 2010:

• 4/7/2010: $4,000,000 Eagles View Subd #5 Lot 2 – 1055 Anglers Drive – 5 Brm 6 Bath YOC 2007 – 4423 SF on 1.24 AC which is $904.36 PSF. It is a new construction sale. *This sale is involved in a Trade with the seller for a vacant site in the Sanctuary Subd #5 Lot 102, which is .45 Ac and sold for $625,000 or $1,388,889 per AC, located at 581 Steamboat Boulevard.

• 4/1/2010: $3,800,000 OSP Condo @ Apres Ski Way Unit 711 – 2250 Apres Ski Way - 4 Brm 4.5 Bath YOC 2009 – 3889 SF which is $977.11 PSF. It is a new construction sale.

• 4/1/2010: $3,300,000 OSP Condo @ Apres Ski Way Unit 601 – 2250 Apres Ski Way – 4 Brm 4.5 Bath YOC 2009 – 3296 SF which is $1001.21 PSF. It is a new construction sale.

• 4/7/2010: $2,800,000 Bami Subd Lot 2 – 2500 Ridge Road – 5 Brm 6 Bath YOC 2007 – 5 Brm 6 Bath YOC 2007 – 5676 SF on 1.02 AC which is $493.31 PSF. It is a new construction sale.

• 4/29/2010: $2,500,000 Aspen Groves Subd Lot 2 – 24215 Meadow Road – 4 Brm 4.5 Bath YOC 2003 – 4987 SF on 41.61 AC which is $501.30 PSF.

• 4/26/2010: $2,000,000 Sanctuary Subd #4 Lot 69 – 3193 Aspen Wood Drive – 5 Brm 6 Bath YOC 2007 – 2991 SF on .60 AC which is $668.67 PSF.

• 4/15/2010: $1,889,000 Edgemont Condo Unit 2508 – 2410 Ski Trail Lane – 3 Brm 2.5 Bath YOC 2009 – 1580 SF which is $1195.57 PSF. It is a new construction sale.

• 4/27/2010: $1,610,000 Dakota Ridge Subd Lot 70 – 36370 Trail Ridge Road – 5 Brm 6.5 Bath YOC 1995 – 8189 SF on 11.57 AC which is 196.61 PSF

April 2010 Market Analysis for Routt County

1.  Routt Market = Volume versus Units sold.

2.  Routt Chart =Market Comparison Chart.

3.  Routt Area = Sales by Area.

4.  Routt Interval = Interval Breakdown.

5.  Routt Price = Price Points.

6.  Routt Lender = Top Lenders for the Month (when a Deed of Trust is recorded, we take the actual name of the financial institution that was on that Deed and come up with those numbers).

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

Amy Brown
Broker Associate
Colorado Group Realty, LLC
Cell 970.846.2114
Fax 970.870.2803
amybrown@mybrokers.com


www.steamboat-springs-developments.com


The Paoli Group Blog: www.steamboatcoloradorealestate.blogspot.com


Join The Paoli Group
Click here to become part of our Facebook Page.
Click here to become part of our Facebook Group.







[UNSUBSCRIBE] if you do not want to receive any more newsletters

[FORWARD] to forward this message.

[CONTENT]