Tom Ross' column appears in Steamboat Today. Contact him at 970-871-4205 or tross@SteamboatToday.com.
Find more columns by Tom here.
February real estate sales of $32 million represent 267 percent of February 2009 and bring the year-to-date total to $82 million, almost 230 percent of where that number stood at the same time last year.
Perhaps more telling, according to the statistics compiled by Bruce Carta, of Land Title Guarantee Co., is that year-to-date sales narrowly surpassed those posted for the same period in 2005, about a year before Steamboat’s market began a rapid ascendancy that preceded the decline of the past two years.
Totals for the first two months of 2010 still are being influenced by closings of sales that went under contract in 2007, but significantly, One Steamboat Place closed a $3.8 million condominium sale Thursday that represented new business.
As transaction and dollar volume in the Steamboat market grow, Carta said, it’s clear that interval and fractional deals are providing some of the steam — they represented 55 percent of the transaction volume.
Although dollar volume and units are up, he said the number of loans originated here is down. Another possible reflection of consumer interest in interval ownership is that a significant portion of those sales are at low enough prices that people may be paying cash for them.
The Hayden market perked up a little in February with five transactions, one more than downtown Steamboat saw. Old Town had the advantage in dollar volume though — $2.58 million to $275,000 in Hayden.
The Steamboat mountain area saw 16 transactions in February, bringing the year-to-date total to 38 transactions with an aggregate value of $42.8 million.
Prudential agents grab top rating in Colorado
Prudential Steamboat Realty agents Pam Vanatta and the Vanatta Group, Kathy and Erik Steinberg, and the Olson Team were recognized in the fourth quarter as top agents for the state of Colorado in the Prudential Real Estate Network for residential sales.
Brokers Beth Bishop and Lisa Olson, of The Olson Team, ranked third in the state for their total number of residential units sold.
Pam Vanatta and her group of agents (Anne Mayberry, Kelly Stahl, Heidi Flint and Mark Dudley) continued as top performers for the Prudential network with a first-place ranking in Colorado for gross commission income and total sales volume and placed third in the state for their total number of units sold.
The Steinbergs ranked third in Colorado for their total gross commission income in total sales volume.
“These agents have achieved tremendous success in a challenging market,” said broker/co-owner, Cam Boyd. “Their exceptional work ethic and customer-centric business model provides clients with outstanding service that is exemplified by these achievements.”