What is a Short Sale?

Short sales are becoming more prevalant in recent times. A short sale is a sale of real estate property for an amount less than the unpaid balance of its first mortgage. Once costs such as commissions, escrow, and title are passed along to the lender, the sale progresses. The most important point to note, is the lender agrees to accept the proceeds as payment in full, despite the shortfall.
Short sales have become a popular alternative to foreclosure, and are a more credit-friendly option.
Sellers who are considering a short sale should negotiate a payoff with their lender first before listing the property. This will assist in determining the sale price. Also, it will make it faster and easier to close once a buyer has been found.
If you are the buyer in a short sale, you can expect a little more paperwork but overall they are a great option to get a lower price on a property.
If you would like more information on short sales in the Steamboat Springs area, please send us an email.

Free Summer Concert Lineup Announced!

The popular Free Summer Concert Series will be presenting a five-concert lineup for 2009. Mark your calenders for this fun-filled, community oriented, family event.

June 27, Rusted Root
July 17, Greyboy Allstars with Karl Denson
July 31, Freddy Jones Band
Aug. 13, Susan Tedeschi
Aug. 20, The Avett Brothers

Alternative jam band Rusted Root starts the series June 27 at the base of Howelsen Hill. Funk and jazz quintet The Greyboy Allstars plays with saxophonist Karl Denson on July 17, and the Chicago-based blues rockers of the Freddy Jones Band take the stage July 31.

The 2009 season marks a return to the base of the Steamboat Ski Area, with blues guitarist Susan Tedeschi playing there Aug. 13. Bluegrass rock ‘n’ rollers The Avett Brothers close out the series Aug. 20 at Headwall at the ski area.

Bring your blanket and your dancing shoes!

Early Bird Pass Prices Now Available at Haymaker Golf Course

If you like to play golf I wanted to let you know Haymaker resident season golf passes for 2009 are now on sale. Early bird pass prices are available through Thursday, April 30,2009 at 5pm. Don't forget to bring proof of residency if you are a new pass holder. You can bring your drivers license, property tax certificate or voter registration. Purchase your pass at the Haymaker Golf Course Pro Shop between 10 am and 5pm, Monday through Friday.

Prices are as follows:

Pre-Season/Regular

Adult
$1025/$1250

Spouse Add-On
$850/$1075

Junior Add-On
$175/$175

Junior Only
$300/$300

Resident Punch Card (Ten-18 hole rounds)
$435/$435

If you have any questions you can call the golf course at 970-870-1846.

Colorado Group Realty leads the luxury market!

Since January of 2008 there have been 11 sales of single family homes and
townhomes over $4,000,000 in the Steamboat Springs area. A total sales volume of just over $121,000,000. This equates to a total of 22 transaction sides
(11 sellers and 11 buyers). Our real estate firm, Colorado Group is leading the luxury market on both sales volume and transaction sides. See below for the exact percentages.

Percentage of Market by Sales Volume
• Colorado Group Realty 33%
• Steamboat Village Brokers 25%
• Prudential Steamboat Realty12%
• RE/MAX Steamboat 11%

Percentage of Market by Transaction Sides
• Colorado Group Realty 32% 2 List, 5 Buyer
• Steamboat Village Brokers 18% 2 List, 2 Buyer
• Prudential Steamboat Realty 14% 2 List, 1 Buyer
• RE/MAX Steamboat 14% 2 List, 1 Buyer

Downtown condo closed for over $1000/square foot!

The new Howelson Place is located in the heart of downtown Steamboat Springs at 7th and Lincoln. This multi-use project offers two buildings featuring retail, office space and 42 residential units. The residential spaces range in size from 900 square feet to 2035 square feet.
On March 2, 2009 a two bedroom Howelson Place condo sold for $1,513,720. That is over $1000 price per square foot. Howelson Place is within walking distance to a diverse mix of restaurants, bars, shopping, galleries and entertainment. Plus, close to parks, trails and the Yampa River making this a highly desirable location.
If you would like more information about Howelson Place or other downtown Steamboat Springs real estate opportunities please give us a call or send an email.

Apres-ski Steamboat Style

Friends and family of The Paoli Group enjoy a slopeside picnic at the Steamboat Ski Area Teepee after a fun day of skiing and snowboarding.

Good Morning, America features Steamboat Winter Carnival!

Good Morning, America featured the 2009 Steamboat Springs Winter Carnival in a recent broadcast. Click on the link below to watch the video highlighting our special town and this unique event.


http://abcnews.go.com/Video/playerIndex?id=6882185