May 232011

Steamboat Springs — May 21, 2011 — Nicole Inglis

Foreclosed homes continue to filter into the real estate market, but local Realtor Cheryl Foote, of Prudential Steamboat Realty, has seen them filtering out in recent months, as well.

In the past two months, Foote has sold two bank-held Routt County properties for what she calls “exceptional” prices.  Both properties — one in Silver Spur and one in Blacktail Mountain Estates near Stagecoach — sold for well below their initial listing price, attracting more attention when they reached a certain reduced price — what Foote called the magic number — leaving prospective buyers with no choice but to make a move.

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