On the Market: Colorado Realty Group hosts annual Roundup
January 20, 2012
Steamboat Springs — Colorado Group Realty hosts the fifth annual Steamboat Springs Real Estate Roundup and Expo from 4 to 6:30 p.m. Tuesday in the Sheraton Steamboat Resort ballroom.
The free event will bring together seasoned experts to provide attendees with the most up-to-date information about the Yampa Valley's real estate.
Pam O'Connor, CEO of Leading Real Estate Companies of the World, will be the guest speaker. O'Connor has been named one of the top 25 leaders by the National Association of Realtors as well as one of the top 100 most influential people in real estate by Inman News. Her presentation is titled "Lending in Today's Environment."
"Colorado Group Realty has spent the last eight months working to achieve a new and stronger standards of excellence. It is our great honor to have Pam O'Connor to share her insights with our audience," Colorado Group broker/owner Shelley Stanford said. "This is something no one who has an interest in real estate should miss."
In addition, the expo will offer attendees the chance to meet and exchange information with more than 50 local building- and design-related trades as well as learn more about developments, lenders, residential-related goods and services, title companies and more.
The expo is from 4 to 5:30 p.m. A local real estate update followed by the guest speaker is from 5:30 to 6:30 p.m.
70 homes sold in Routt County in December
December 2011 was a good month for home sales in a price point that represented just 7 percent of transaction volume for the year.
The market for homes priced at $700,000 to $800,000 would have been even smaller if last month had not come through with seven sales for a combined $5.32 million. Those seven deals represented 25 percent of the entire market for the year that accounted for $20.49 million in dollar volume, according to statistics released by Stan Urban, of Land Title Guarantee Co.
Routt County saw 70 homes of all types sell in December, bringing the 2011 total to 591.
Of the total, 397, or 67 percent, sold for prices less than $500,000, and 172, or 29 percent, sold for less than $200,000. That's a number that would have been unheard of five years ago.
Mortgage rates kept low by European debt woes
Bankrate Inc. reported this week that the stalled attempts to solve the European debt crisis are keeping mortgage rates at record low levels as the Euro's woes prop up demand for U.S. bonds.
The average 30-year fixed mortgage rate held at the record low of 4.18 percent for the third consecutive week, according to a weekly national survey on http://www.bankrate.com.
The average 15-year fixed mortgage moved up slightly to 3.39 percent, and the jumbo 30-year fixed mortgage set another low of 4.58 percent.
"Mortgage rates have been remarkably static over the past 2 1/2 months, with the average 30-year fixed mortgage rate staying in a range of one-tenth of a percentage point," Bankrate reported. The uncertainty about the Euro has translated into high demand for safe U.S. government bonds, keeping bond yields and mortgage rates particularly low.