Barn Village developers plan price increase

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David Esptein, right, of Historic Routt County congratulates the Comes family for helping conserve the historic More Barn.

— The three undeveloped lots closest to the historic More Barn in Barn Village at Steamboat have been tied up.

Barn Village is a residential subdivision under construction at Pine Grove Road and Central Park Drive. Fish Creek and the Yampa Valley Medical Center border the subdivision.

Developer Bob Comes and his partner Eric McAfee were recognized this week by Historic Routt County for funding the conservation of the More Barn. Comes brought his family from California for the presentation at the historic Mesa Schoolhouse, south of the city.

The developers also have donated 4 acres to the city for the creation of Barn Park surrounding the actual structure.

Buyers already are showing signs they value proximity to the park as well as the shortest walking distances to Central Park Plaza shopping center across Pine Grove Road.

A one-third-acre duplex lot on the western end of the subdivision, and just across the internal road from the park, has closed. Three more duplex lots on the eastern end of a row of duplex lots along Fish Creek are under contract. Asking prices for those three were $1.025 million and $1.125 million.

A pair of single-family lots just less than 0.2 acres across the street from the park also are tied up. One is sold and another is under contract based on an asking price of $522,500.

All told, Realtor Chris Wittemyer said, nine lots at Barn Village have closed and six more are under contract.

"We will see additional closings at the end of June and have scheduled our first price increase of 5 percent on all lots for July 15," Wittemyer said. "The total dollar volume of lots sold and under contract exceeds $10 million. Given the challenges in the credit markets and the national and local problems of the real estate market for the last year, I'm highly encouraged."

Wittemyer said several of the purchasers are anxious to begin building.

Comments

standup 6 years, 6 months ago

with real estate markets nose diving why raise the price? those purchasing now should have done their homework and recieved a possible 20-30% drop had they waited. adds up when paying 1.125 million. ski resort zones are luxurys and one of the first to get axed in poor economic downturns. sad for the new buyers.

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