Home sales thrive in West Routt
October 29, 2006
Hayden — Hayden was the hot market for single-family home sales in the sub-$500,000 range, with 20 transactions during the third-quarter that ended Sept. 30.
Doug Labor of Buyers Resource Real Estate said the 20 homes that sold in Hayden during summer and early fall ranged in price from $145,000 to $322,000.
Labor is the official keeper of real estate statistics for the Steamboat Springs Multiple Listing Service.
In contrast to Hayden, only nine single-family homes sold for less than a half-million dollars in Steamboat Springs during the third quarter. Two were in the Fish Creek Falls neighborhood and the rest were in Old Town. They ranged in price from $297,000 to $496,000.
Another eight homes sold below the $500,000 mark in the U.S. Highway 40 corridor west of city limits. Those included sales in Heritage Park, Steamboat II, Silver Spur and Milner. The lowest price paid in the west highway corridor was $330,000 for a home listed at $320,000. One home listed at $357,000 sold for $358,250.
There were 11 sales combined in Oak Creek and Phippsburg.
Another seven sold in Stagecoach, and North Routt accounted for five single-family home sales in the price range.
If it appears there is an adequate supply of sub-$500,000 homes, Labor said its pertinent to note that there are 71 homes listed in the MLS for less than $500,000. That’s just one fewer than the number that sold in the third quarter alone.
The implication is that Routt County has a 90-day supply of homes in the most sought-after price range, he said.
The emphasis on entry-level home sales may soon shift to unincorporated South Routt County. Labor said land sales in Stagecoach year-to-date through Sept. 30 totaled 130 compared to 39 in the town of Hayden.