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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Rainmaker
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Rene Brin
Brin Realty Amherst & Bedford Offices - Amherst, NH
Amherst NH homes and Southern NH real estate
Great news on Steamboat Springs new constructions permits, hope that trend continues.
Apr 09, 2012 01:32 PM #1
Rainmaker
2,110,058
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

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.....

Apr 09, 2012 01:40 PM #2
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John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com, Albuquerque Homes Realty

   Charlie... I love this!

Apr 09, 2012 01:46 PM #3
Rainmaker
294,977
Charlie Dresen
Steamboat Sotheby's International Realty - Steamboat Springs, CO
Steamboat Springs, CO e-Pro

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 ; )

Apr 09, 2012 01:55 PM #4
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Rainmaker
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Charlie Dresen

Steamboat Springs, CO e-Pro
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