Steamboat Pilot & Today

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.

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Steamboat Springs — Bruce Carta, of Land Title Guarantee Company, reports that entry-level and move-up sales fueled March real estate sales in Routt County, which more than doubled those of March 2009.

Carta said 25 of 37 residential sales that closed in March were priced lower than $600,000.

Dollar volume in March was up 219 percent from a year ago, Carta reported, to $82.3 million. First-quarter dollar volume hit $125.7 million, up 225 percent compared with the same period in 2009. Units sold are up 231 percent, to 125.

In the upper half of the price range, March saw four residential units sell for prices between $1 million and $1.5 million, bringing that category to an even dozen sales in the first quarter. Thus far in 2010, four homes priced at more than $3 million have sold, and four more between $2.5 million and $3 million have sold.

In terms of unit volume, 19 homes priced between $200,000 and $300,000 have sold, and of those, 13 closed in March.

Sotheby’s ‘Extraordinary Living’ ongoing in The Wall Street Journal

High Mountain Sotheby’s International Realty in Steam­boat Springs announced this week that the Sotheby’s International Realty network is continuing its exclusive relationship with The Wall Street Journal to present the values of real estate as a long-term investment and showcase unique properties from across its worldwide network’s approximately 500 offices.

The agency will continue to co-host The Business of Extraordinary Living on the publication’s website, www.wsj.com, designed to provide insights into the real estate market from the brand’s network. The Business of Extraordinary Living launched in March 2009.

“The Business of Extraordinary Living is an excellent venue for promoting the value of real estate in the Steamboat market and one that we have access to through the Sotheby’s International Realty brand,” Managing Partner Ted Hoffman said. “The power of this partnership is that it enables us to get the properties we represent directly in front of a global and highly targeted audience.”