Real estate transactions for July 24 to 29

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Seller's name listed first, followed by the buyer

- JOE GREGORY STETMAN REVOCABLE TRUST DATED JANUARY 7 2008 To ELK RIVER RANCH LLLP For SEC 31,32 T 8N R 85W - $4,700,000

- SMITH, DAVID B and SMITH, NANCY M To ROBERTS, DALE and ROBERTS, KRISTA For STORM MEADOWS CLUB CONDO UNIT 317 - $499,000

- TANAKA, LANCE T and ZELLE, SHARON E To HEGEMAN, C SCOTT For MUSTANG RUN CONDO PH I UNIT 5C - $432,500

- HAYDEN AIRPORT GARAGES LLC To HILL, JAMES J III For HAYDEN AIRPORT GARAGES FILING NO 3 UNIT RV-12,RV-13 - $202,600

- THORP BROTHERS I LLC To OCONNELL, RYAN For INN AT STEAMBOAT UNIT 201 - $173,900

- BURMAN, GARY R To STEFFEK, TRACEY and STEFFEK, STEPHEN D For RIVERSIDE FILING NO 1 LOT 24 - $429,500

- MAJESTIC VALLEY DEVELOPMENT LLC To ROSS, THOMAS S and ROSS, JUDITH G For MAJESTIC VALLEY TOWNHOMES FILING NO 2 LOT 11 - $660,700

- TMR LLC To CYR, KEITH P For PINES AT OREHOUSE PLAZA, BUILDING NO. 3 UNIT 202 - $625,000

- STAUFFER, DAVID J and STAUFFER, KIMBERLY D To ROY, CLINT K and REYNOLDS, JOHANNA J For PROJECT I & II THS SECOND REPLAT LOT A BLK 3 - $275,000

- THORP BROTHERS I LLC To WONG, ORSON and WONG, STEPHANIE For INN AT STEAMBOAT UNIT 301 - $176,900

- SHOTNIK, CRAIG W and SHOTNIK, LAUREN B To NADOLNY, ROBERT A and NADOLNY, WENDY For CANYON VALLEY RANCH LOT 6 - $276,000

Total real estate sales - $8,451,100

- WOLFF, DAVID E and WOLFF, NANCYJ To HANSON, BRUCE E and HANSON, KATHERINE J For NORTH STAR CONDO UNIT 212 TIME-SPAN WEEK #9 - $3,800

- HEIDEN, HERBERT A and HEIDEN, LORETTA M To ROWNTREE, JONATHAN PAUL and ROWNTREE, LYNECE L For AN UNDIVIDED 1/51ST INTEREST IN AND TO: HILLTOP RESORT TIMESHARE UNIT 112 SEASON 7 - $1,000

Total timeshare sales - $4,800

Comments

skipole 6 years ago

11 pieces of real estate sold.The real estate market is sinking fast yet our realtors refuse to bring prices down. Greed backfires always.

Somebody wake our sleeping real estate teams.

We need realtors that at least keep up on the economy.

Urgent attention is needed to keep clients interested in our county. Our livilyhood depends on it.

Get prices DOWN NOW so buyers can not resist a purchase even in a recession.

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ringalarm 6 years ago

unfortunately our realtors have already waited too long to reduce prices. wsj.com and marketwatch.com are not projecting glad tidings these days.

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sbsmon 6 years ago

Buyers aren't the problem. Lending rates are. If you haven't noticed. Rates are almost a point higher than they were in April. Who in their right mind is going to jump in and take out a loan for a home purchase right now? Nobody wants to pay $300 more a month for the same house they could have bought in April.

Have either of you spoken to a realtor lately? From your comments I can see you haven't. There has been a lot of price reductions in our market lately. As for price reductions, it's not the realtors choice. They have to convince their sellers to reduce prices and in an affluent area like Steamboat, sellers can afford to wait or sit on thier properties until better times return.

Prices are coming down a little, although not nearly to the extremes of most areas of the country. You simply aren't going to see a huge influx of buyers until the rates get a little lower.

The Steamboat market is showing strenth in the fact that prices aren't dropping like Colorado snow in Janaury. If prices were falling fast, you wouldn't be seeing any sales happening other than bank foreclosures. We saw that mess in the 80's and we certainlky don't want those days to return. That seems to be what you guys are begging for.

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threeyearlocal 6 years ago

Since when do realtors set prices? Sellers are most likely the ones with the unrealistic expectations.

And have you tried to get a loan? Not exactly easy these days.

There is a lot more involved to the housing market than Steamboat's realtors.

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shiftworker 6 years ago

The high interest rate can be compensated by incredibly lower asking price. Does it hurt? Yes, much so but realtors are salesmen, this product/housing is like all others figure crazy uncharted ways to both buy and sell. Laying back and hoping market recovers will starve the weakest of the litter.

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skipole 6 years ago

Luxury spending is off 20% according to Unity market that tracks the rich. CNN has a good article today about it. Its not looking good at all for Steamboat. We need to prepare quickly. Sking is a luxury.

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