On the market: March comes in like : you fill in the blank

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On the Market

Tom Ross' On the Market column appears Sundays in the Real Estate section of the Steamboat Pilot & Today. Contact him at 871-4205 or e-mail tross@SteamboatToday.com.

March comes in like : you fill in the blank

Realtor Eliese Pivarnik, of Colorado Group Realty, reports in her blog, at www.steamboathomesales.com, that pending sales activity picked up during the first two weeks in March, with 14 homes and three fractionals going under contract.

An Old Town Steamboat four-bedroom, single-family home on Uncochief Circle with an asking price of $795,000 went under contract, as did a three-plus-bedroom home in Tree Haus with an asking price of $850,000.

Bear Lodge at Trappeurs Crossing saw two luxury condos go under contract, including a three-bedroom unit with a list price of $1.2 million and a five-bedroom, five-bath unit listed at $1.59 million.

Luxury homes on Meadowbrook Circle ($2.25 million) and Tatanka Trail ($2.85 million) also have contracts.

At Stagecoach, a trio of single-family homes is under contract in Red Hawk Village, presumably at prices substantially lower than what they would have commanded two years ago. The homes had list prices ranging from $312,500 to $315,000. The Steamboat Pilot & Today reported in autumn 2008 that several homes in Red Hawk Village had been listed for short sales at prices less than $400,000. Short sales imply that the lender on the property has agreed to accept a sales price lower than the loan or mortgage.

Several homes in Red Hawk sold for prices ranging from $430,000 to $488,000 and $555,000 in spring 2007.

SVB brokers polish their negotiation skills

Cindy Rogers, Christi Herbert, Janet Gilliland and Ryan Barclay, Realtors at Steamboat Village Brokers, have completed the training necessary to obtain certification as negotiation experts from Negotiation Expertise, LLC, a national negotiation training and coaching company based in Peoria, Ariz.

The training is intended to give real estate agents the ability to uncover information effectively, get more and give less during sales/purchase negotiations and retain control over desired outcomes.

Comments

Scott Wedel 5 years, 9 months ago

like a dead cat bounce?

14 deals in two weeks might be making for a better month than February's 30 transactions (down from 100 or so of 2008), but that would still be a long ways from the 149 of March 2008 or 243 of March 2007.

That is why it is called a dead cat bounce because even a dead cat dropped from a sufficient height will bounce, but it is still dead.

With 965 current mls listings for homes and condos that suggests at least 32 month inventory because current sales rate includes mobile homes, timeshares, ranches and lots. A healthy market inventory number is less than 10 months. Total MLS inventory appears to be 1627 and so upper range of current inventory would be 54 months.

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