The Glass is Half Full in Steamboat Springs - Building Permits Up!

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Real Estate Agent with Steamboat Sotheby's International Realty

The Glass is Half Full in Steamboat Springs - Building Permits Up

It’s been a while here in Steamboat Springs since we’ve had good news on the building permit front, but the first quarter of 2012 finally brought some good news to the Steamboat Springs' real estate market and undoubtedly to the local construction, Steamboat architects and interior design industries as well.

Photo from SteamboatHomeFinder.com Photo from SteamboatHomeFinder.com

So just how good is the news? $4.8 million good with the addition of two Steamboat Springs' building permits in March for single family homes with a combined valuation of $2.42M. Keep in mind that permit values are always less than the final cost of a home.

For comparison, since I know some people are wondering how a ski resort town like Steamboat Springs could “only have” new building permits of $4.8M on  record as we head into the spring building season:

  • 2011 first quarter had 1 Steamboat Springs'  building permit with a valuation of $1.13M within city limits.
  • 2010 first quarter had 2 Steamboat Springs'  building permits issued for new homes with a valuation of $4.08M total within city limits.

 

I tend to look on the glass half full side of things and with pending sales numbers up, Steamboat Springs' home inventory down in some price segments, and now a jump (small, but still a jump) in home building permits, I’m optimistic about the Steamboat Springs’ real estate market.

Real Estate is local. Should you have real estate questions regarding Steamboat Springs real estate  feel free to call Charlie at 970-846-6435 or write me an email at: charlie@steamboatsmyhome.com

Thanks,

Charlie

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Location:
Colorado Routt County Steamboat Springs
Tags:
sellers
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new homes
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building permits
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charlie dresen
steamboat springs

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Rainmaker
568,074
Rene Brin
Amherst NH homes and Southern NH real estate
Brin Realty Amherst & Bedford Offices
Great news on Steamboat Springs new constructions permits, hope that trend continues.
April 09, 2012 01:32 PM
Rainmaker
1,827,977
Barbara Todaro
"New Franklin MA Homes"
RE/MAX Executive Realty

Hi Charlie.... that's a great sign of better things to come..... in our area, new starts are coming alive too.... however, the energy code is changing soon to R49 in the walls.... the cost of construction will take another jump and prices will increase.... our builders should pull permits now with current prices.....

April 09, 2012 01:40 PM
Ambassador
779,532
John McCormack
AlbuquerqueHomes.com
Albuquerque Homes Realty * www.AlbuquerqueHomes.com

   Charlie... I love this!

April 09, 2012 01:46 PM
Rainmaker
274,865
Charlie Dresen
Steamboat Springs, CO e-Pro
Steamboat Sotheby's International Realty

Rene - Yes, good news in housing is always welcome.

Barbara - R-49 in the walls? Are they going to limit the amount of windows next?  Seems silly given so much of heat loss goes out the windows and ceiling. But there must be some reason. That changes more then just the amount of insulation but maybe how the exterior walls are constructed as well. That's huge. 

John - We need them both to live ; )

April 09, 2012 01:55 PM
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Rainmaker
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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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