20
Dec
2012
Meghan Meehan
10
Dec
2012
What to do in Steamboat Colorado…
There are so many things to do in Steamboat, where to begin?
This article by Lionell Beehner is a great one!
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http://youtu.be/x3rOOf52NmE
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27
Jul
2012
Distinctive Angels
The Distinctive Angels in Vail Colorado are at it again!! Way to go Vail for giving back to the community!!!!
Read moreColdwell Banker Distinctive Properties was awarded the Top 20 Office by Size last week for its Gross Commission production in June!!!! The firm, based out of Sun Valley Idaho and with offices in Steamboat Springs and Vail Colorado, ranked 5th out of 827 offices of similar size.
Congratulations to the entire Coldwell Banker Distinctive Properties staff and agents for an amazing accomplishment!!!
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Median list price: $649,000
Prices are down 25 percent to 30 percent from their 2007 peak in this year-round resort, but realtor Dan Gorham has already seen 17 properties over $2 million close this year – three times more than all of 2011, he says.
Read moreThe long-awaited housing recovery is beginning to blossom, according to industry experts taking a look at recent existing-home sales.
While admitting home sales “are still very low,” Paul Dales, chief economist at Capital Economics, says “it is clear that housing recovery is now well underway.”
The evidence: home sales have been on the rise for the past three months, posting a 5 percent increase in December.
Lawrence Yun, chief economist for the National Association of Realtors (NAR), concurs with Dales’ assessment, saying “The pattern of home sales in recent months demonstrates a market in recovery.” Yun suggests consumers are gaining confidence from “record low mortgage interest rates, job growth and bargain home prices.”
In addition to the 5 percent increase in December, NAR reported a 1.7 percent annual increase in existing-home sales in 2011, a total of 4.26 million homes for the year.
Distressed homes made up 32 percent of sales in December, according to NAR’s existing home sales report for the month. Foreclosed home sales closed at about 22 percent below market rate in December, a discount 2 percent higher than that recorded a year earlier.
Investor demand remains steady with 21 percent of homes sold in December going to investors after this category of buyers took 19 percent of purchases in November and 20 percent one year ago.
Cash sales – commonly linked to investors – made up 31 percent of December’s existing-home sales. This rate was 28 percent in November and 29 percent a year ago.
Purchases by first-time home buyers declined in December – both from the previous month and the previous year. First-time home buyers accounted for 31 percent of purchases in December, down from 35 percent in November and 33 percent in December 2010. Housing inventory is on the decline and fell to its lowest level since March 2005 last month, according to NAR. Approximately 2.3 million homes are available for sale currently. “The inventory supply suggests many markets will continue to see prices stabilize or grow moderately in the near future,” Yun said. However, listed inventory is only part of the equation, and according to CoreLogic’s latest numbers, shadow inventory stands at about 1.6 million.
Regardless, Dales believes sales will rise this year. “Housing still won’t contribute much to GDP growth over the next few years, but at least it will no longer subtract from it,” Dales says.
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