On the Market: Adirondack house sells for $3.2 million cash | SteamboatToday.com

On the Market: Adirondack house sells for $3.2 million cash

— Randall Hannaway, of Colorado Group Realty, reports the Alpine Bank-owned home he co-listed with Nick Metzler in Stonebridge Park closed for $3.2 million Thursday in a cash deal. The developer’s original listing price was more than $6 million. From the buyer’s original inquiry, it took just seven days to get it done. Stay tuned for more details.

Pinto heads Village at Steamboat condo sales

The Village at Steamboat interval ownership condominium development has announced Philip Pinto as the new director of sales and marketing for Wyndham Vacation Resorts, a division of the Wyndham Worldwide Corporation.

Pinto previously has worked for The Ritz-Carlton Destination Club and Marriott Vacation Club International.

“I am honored to have been selected by Wyndham to lead a site with such a high level of market dominance as we have here in Steamboat Springs,” Pinto said in a news release. “With $5.2 million dollars in sales, and 112 of 167 total real estate transactions in the month of June, this site is thriving in an otherwise lackluster real estate market.”

Wells Fargo edges Bank of America in lending

MortgageStats.com reports that Wells Fargo, with a bank location in Steamboat Springs, led the list of the top 10 mortgage lenders in the nation during the first quarter of 2010.

However, the Web page reported that each bank in the top 10 saw fundings drop compared to a year earlier, with many seeing declines of 25 to 50 percent.

Wells Fargo led the way with $77 billion in first quarter originations, followed closely by Bank of America with $71.5 billion and Chase with $32.8 billion.

The numbers dropped off significantly to third place with Ally Bank/ResCap (GMAC) doing $13 billion in mortgage business. CitiMortgage had $11 billion and U.S. Bank Home Mortgage had $9 billion.

The biggest year-over-year loser was SunTrust, which saw fundings fall 58 percent from the first quarter of 2009, back when refinancing was the hot ticket.

4 building permits were reported for July 19 to 23

The Routt County Regional Building Department reports issuing four building permits with a combined value of $472,475 for the week July 19 to 23. The permits are for projects in the county outside Steamboat Springs and Hayden.

The largest construction project is for a home addition with a permit value of $400,000.

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