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
Steamboat Springs Steve Downs, Arlene Zopf and Darlinda Baldinger were recognized at Steamboat Village Brokers’ annual company party and awards banquet at Lake Catamount on May 20. The 2010 Outstanding Service Award was presented to Downs for his commitment, teamwork and tireless efforts within the real estate community. The 2010 Outstanding Production Award was presented to Zopf. Baldinger received the 2010 Top Producer Award for excellence in real estate sales.
Building department issues county permits
After a winter and spring with few notable building permits, the Routt County Building Department reports issuing a permit valued at $1.64 million for a Montana Log Home on Vista Ridge Drive and another permit for a single-family residence on Beaver Creek Trail with a permit valuation of $827,911. There is also a new permit in May for a $300,000 home in Silver Spur.
Bank owned sales up as total value goes down
Routt County saw nine sales of bank-owned properties with a combined value of $3.04 million in April, for an average sales price of $338,200 per unit.
Compared with April 2010, the number of bank-owned transactions was up by two properties from seven, but the combined value was down from $4.15 million. The average price in April 2010 was $594,071.
Realtor report: Pending sales dip in US in April
The National Association of Realtors reported Friday that pending home sales fell in April with regional variations following increases in February and March. Pending sales in Routt County were just below 100 last week. Realtors here say pending sales above 110 would be a stronger sign for the local market.
Unusual weather and economic softness added to ongoing problems that are hobbling a recovery.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, dropped 11.6 percent. The index is 26.5 percent below a cyclical peak of 111.5 in April 2010 when buyers were rushing to beat the contract deadline for the homebuyer tax credit.