3 weeks, 47% increase in “pending” sales

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Real Estate Agent with Steamboat Sotheby's International Realty

I know the Case-Shiller had great news for us earlier this week, but as of today, real estate in Steamboat Springs is officially as hot as the July 4th fireworks. I hope it does not go out as fast the exploding type though. Three weeks ago our MLS here in Steamboat had 61 pending sales. Today, we are up to 91 pending homes, town homes, and condos.

This is a trend we have not seen in 3 years. I mean summertime is usually a great time to real estate transactions but the last 3 years this was not the case. I wonder what it’s like in your town, resort town, hometown?

But like Paula stated a day ago, Things Have Not Turned Around.

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Lenn Harley
Real Estate Broker - Virginia & Maryland
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate

How many of those new "pendings" are short sales and how many will close??? 

July 28, 2011 06:57 PM
Rainmaker
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Charlie Dresen
Steamboat Springs, CO e-Pro
Steamboat Sotheby's International Realty

Wow. Great question Lenn. I looked it up:

16 bank owned Pendings

8 short-sales and I'll give the a 50% chance to close.

July 28, 2011 07:04 PM
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Charlie Dresen

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Additional Information

Charlie Dresen: Providing localized and professional information about real estate and Steamboat Springs, Colorado. Originally from Seattle, Washington, Charlie relocated to Steamboat with his wife Carol and their son, Finn. Charlie is a second generation realtor and is proud to be a member with the Prudential Team here in Steamboat Springs. After graduating from Whitman College in Walla Walla, Washington, Charlie worked in the high-tech industry in Seattle for several years before deciding to follow his father's lead and began his career in real estate. View all AR Posts By Charlie Dresen

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