Dear Friend,

Sunshine, Steamboat and Summer - our favorite words. You know what they say about Steamboat, "People come for the winter, but stay for the summer." Here's to enjoying the rest of your summer!

Bike with Us!
Steamboat's Fresh Air Events Our Hiking Event at Mad Creek was so much fun!

Thank you to all of our clients who participated. It was a great day for a hike and new friends were made.

Join us on Thursday, August 4th for a bike ride. Got a mountain bike, a road bike or a cruiser bike? We do it all in Steamboat! All ages and skill levels welcome.

Bring your gear, water and sunscreen and we will provide lunch. RSVP to freshair@mybrokers.com

Save the date for our Fly Fishing outing on September 1st.

View the Real Estate Source

View the online version of our August/September Real Estate Source. The Source includes all of Colorado Group Realty's listings*. This publication can also be found in hard copy in stands around the Yampa Valley and in the Steamboat Today on Saturdays. *Listings active in MLS on July 11, 2011.





May Market Analysis

Volume & Units Sold

• May has been our best month so far this year and units sold were the second highest. Sales Dollar Volume was $50,417,300 and there were 137 units sold.

By Area

• The Steamboat Mountain Area continues to show the strongest sales with 24 units and $11,719,400 in dollar volume.



• Median Sales Price of the Steamboat Mountain Area was $372,500 up 6% over last month.



• May 2010, the Steamboat Mountain Area had 29 sales and $17,144,400 in dollar volume and a Median Transaction Price of
$430,000.

Interval/Fractional

• In May, there were 63 sales for a total sales volume of $3,046,700 with a Median Sales Transaction price of $34,900. May 2010, there were 129 sales for a total sales volume of $9,343,000 with a median sales price of $45,700.

Price Points

• Residential Improved Units in May 2011 showed an improvement over the same time period of last year. In May 2010 there were only 48 and this year we had 58. 64% were $500,000 or less, compared with May 2010 of 60%

Lender Market

• Deed of Trusts recorded in May were 124 compared with May 2010 of 189.

Bank Sales

• Bank sales continue to be strong, hopefully helping to clear the bank-owned inventory. There were 15 Bank sales in May with a Median Sales Price of $250,000.

Here are the notable sales over $1.5M:

• 5/18/2011 $7,100,000 M&B: Sec 33,34,35,36-4-86 & Sec 1,2,3,4,9,10,11-3-86 – no street address available – This is a large multiple parcel sale of vacant agricultural land. It encompasses 6 separate schedule numbers and totals 3,397.23 AC Total Landsize. The purchaser was: Thunderhead Properties. The PPAC is $2,089.94. This land is located in the Oak Creek/Yampa Area.



• 5/27/2011 $5,300,000 Storm Mountain Ranch Parcels 7A & 7B aka 33570 Water Song Lane – 4 Bedroom 4.5 Bath YOC 2001 with 4,855 SF Living Area on 70.81 AC Land. PPSF is $1,091.66. Parcel 7A has the Improvements and Parcel 7B is vacant. The landsize shows the combined acreage. This home is located in the South Routt Area.



• 5/6/2011 $2,350,000 Anglers Retreat Subd #3 Lot 1 aka 617 Creel Lane – 3 Bedroom 3.5 Bath YOC 2007 with 4,443 SF Living Area on .51 AC Land. PPSF is $528.92. This home is located in the Fish Creek Area.



• 5/27/2011 $1,850,000 Mountain View Estates Subd #3 Lot 24 aka 639 Meadowbrook Circle – 6 Bedroom 6 Bath YOC 1998 with 5,343 SF Living Area on .90 AC Land. PPSF is $346.25. This home is also located in the Fish Creek Area.



• 5/10/2011 $1,700,000 M&B: Sec 36-5-87, Sec 12-4-87 & sec 7-4-86 - no street address available – This is a large multiple parcel sale of vacant agricultural land. It encompasses 6 separate schedule numbers and totals 1,156.77 AC Total Landsize. The purchaser was: 20 Mile Sheep, LLC. The PPAC is $1,469.61. This land is located in the Hayden Area.



• 5/26/2011 $1,650,000 M&B: Sec 1,2,11,12-6-86 & Sec 35-7-86 aka 39975 RCR #44B – 3 Bedroom 1 Bath YOC 1948 with 1,512 SF Living Area on 747.26 AC Land. PPSF is $1,091.27 – although this may be primarily a land value sale. This property is located in the West Steamboat Area.



• 5/19/2011 $1,500,000 Marabou Subd #1 Homestead A5 aka 41350 River Vision Way – 6.38 AC Vacant Residential Site. PPAC is $239,110. This land is located in the Elk River Area.

Highest Price Per Square Foot:

• The highest PPSF sale in May 2011 is the Storm Mountain Ranch sale at $1,091.66 PSF shown in detail above.

Click here to view pdf.

June Market Analysis

Volume & Units Sold

• The June numbers are positive in nature, with Gross Volume up over June 2010! Although the number of transactions is a little off, this is due to a lack of Interval unit transactions.

By Area

• The mountain area sales still remain strong with 31 transactions in June. The median sales price was down in June to $306,600 but the average price was up to $531,632.



• Hayden, Oak Creek and Stagecoach also showed some strength over prior months. However, the median prices continue to decline.

Interval/Fractional

• In June, there were 20 sales for a total sales volume of $1,135,900 with the median sales price of $45,000.



• June 2010, there were 117 sales for a total sales volume of $5,373,500 with a median sales price of $27,800.

Bank Sales

• Bank Sales remain consistent with 15 again this month, representing a continued clearing of the bank-owned inventory. Sales dollar volume was $2,815,900 and the median price was $161,500.



• In June 2010 we had 2 Bank Sales with a total sales volume of $505,000.

Price Points

• Residential Improved Units in June 2011 showed an improvement over the same period of last year. In June 2010 there were only 36 units and this year we had 59. A 64% improvement!

Notable Sales over $1.5M:

• 6/6/2011 $2,900,000 Indian Meadows Subd Lot 1 aka 1055 Walton Creek Road, Comfort Inn. This commercial property is used for lodging, is 24,382 SF and was built in 1995. It has 2.44 AC Land Area. PPSF is $118.94



• 6/17/2011 $2,600,000 Sleepy Bear Subd Lot 1 aka 3725 Lincoln Avenue. This commercial property is a Mobile Home Park located on 6.59 AC. PPAC is $394,537.



• 6/8/2011 $2,500,000 M&B: Sec 11,14,15-2-86 aka 26325 RCR #13. This is a ranch property with 4 Brm 3 Bath YOC 1978 with 1,560 SF Living Area. Total Acreage is 320 AC including 3 parcels. PPSF is $1,602.56. South Hunt Creek Ranch



• 6/1/2011 $2,376,000 Alpine Acres Subd Lot 4 aka 0175 Deer Clover Lane – 6 Brm 8.5 Bath YOC 2008 with 7,847 SF Living Area on 1.02 AC Land. PPSF is $302.79. This is a new construction Sale.



• 6/29/2011 $2,050,000 Fox Estates Subd #2 Lot 2 & Lot 3 aka 32535 & 32545 McKinnis Trail – 5 Brm 5.5 Bath YOC 2008 with 6,617 SF Living Area on 2.22 AC Land. PPSF $309.81.



• 6/3/2011 $1,500,000 M&B: Sec 29&32-7-84 aka 41975 RCR #36 – This Vacant Agricultural site has 35.666 AC Land Area. PPAC is $42,064. Redemption Ranch

Highest PPSF:

• The highest PPSF for June was $1,602.56 – the South Hunt Creek Ranch sale listed above. This sale is a little unbalanced by the issue of a small structure on large acreage. So, the second highest PPSF is: 6/29/11 $949,000 Alpenglow Condo Unit R-3B, with parking Units P-12 & P19 – no street address listed – 2 Brm 2 Bath YOC 2008 with 1,697 SF Living Area. PPSF is $559.22. This is a new construction sale.

Click here to view pdf.

Information Links
Bank Owned and Short Sales
Property Trades
Saturday Open House Tour