3 weeks, 47% increase in “pending” sales

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

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

Jul 28, 2011 06:57 PM #1
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Charlie Dresen
Steamboat Sotheby's International Realty - Steamboat Springs, CO
Steamboat Springs, CO e-Pro

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.

Jul 28, 2011 07:04 PM #2
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Charlie Dresen

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