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The recent sale of a condominium at the Promontory involved a trade-up to a single-family home and plenty of cash. Of 17 Steamboat condominium sales this year, 10 were to cash buyers.

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Cash is king in Routt County condo market

Prudential Steamboat Realty realtor Mark “Dutch” Elting said he issued a report to clients this week alerting them that in the price range between $350,000 and $750,000, 17 condos have sold. Of those, 10 were purchased by cash buyers.

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