Business briefs: Permit issued for $2.67M single-family home in Routt County

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— The Routt County Regional Building Department issued a permit this week for a single-family residence on Whisper Road (outside Steamboat Springs) with a permit valuation of $2.674 million, which does not reflect the complete cost of the home.

Fox Construction is identified as the general contractor.

Average home prices at mountain fell 23 percent

Stan Urban, of Land Title Guarantee Co., reported recently that average and median prices for single-family homes in Routt County virtually were flat in 2012 compared to 2011.

The average price of a home here last year was $631,203, and the median price (middle of the range) was $410,000. The average price in 2011 was $631,224, and the median price was $405,000.

However, the average and median prices for single-family homes at Steamboat mountain area were off 23 to 26 percent. The average price of homes that sold near the base of Steamboat Ski Area last year was $832,791 (down 23 percent) compared to $1.08 million. The median price in the same area fell from $950,000 in 2011 to $707,500 (26 percent).

Pagano returns to local Drexel, Barrell & Co. firm

Drexel, Barrell & Co. announced the return of former Steamboat Springs resident Anne M. Pagano to the firm. A 14-year Drexel Barrell engineering veteran, Pagano has been named senior associate to lead site infrastructure design in Boulder and Steamboat Springs. She earned her Bachelor of Science and Master of Science in civil and environmental engineering from the University of Iowa and is licensed in Colorado and Wyoming.

Founded in 1949, Drexel, Barrell & Co. (www.drexelbarrell.com) provides civil, water resources, traffic and transportation engineering and land surveying to clients throughout Colorado. Headquartered in Boulder, the firm also has a presence in Colorado Springs, Grand Junction and Steamboat Springs, allowing it to readily serve the entire state of Colorado.

First Tracks sale offers insight into base market

Steamboat Springs Realtors have been saying this winter that the inventory of entry-level condominiums priced lower than $300,000 at the base of Steamboat Ski Area has been absorbed, and the sale of a condo at First Tracks at Wildhorse Meadows adds insight.

The 436-square-foot studio condo in the project originally developed to meet affordable housing requirements in the broader Wildhorse Meadows luxury housing project sold for $126,500, up from its last sale 16 months ago, when it sold for $119,000 on Sept. 30, 2011.

The latest sale price works out to $289 per square foot. Factors in that number include the fact that it is a studio, so the value of common elements such as the kitchen and bathrooms aren’t spread out over the square footage of a bedroom, for example. And First Tracks is an unusual species of real estate. Although the condominiums were built with modest finishes to meet affordability standards, new buyers have the ability to buy into the luxurious recreational amenities at nearby Trailhead Lodge, including grotto-style hot tubs.

To reach Tom Ross, call 970-871-4205 or email tross@SteamboatToday.com

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