Monday, November 24th, 2014 at 3:31pm. 228 Views, 0 Comments.
Is the Steamboat Real Estate Market Ready to move forward?
The official October 2014 Stats are out from Melissa Gibson at Land Title and the numbers are starting to show a trend. We had been up and down during the first part of 2014 following five years of bouncing around between $440 to 500M. Now we have seen 4 months of solid gains in a row and are positioned to be up over 10% for the year even if November and December are basically flat. That means we are likely to fall somewhere north of $560M for 2014 and could reach $600M. That would compare favorably to $504M in 2013 and get us close to matching 2004 Volume of $637M.
That doesn't sound great but the key is that we are making forward progress after a long recovery process where…
Friday, November 21st, 2014 at 12:02pm. 164 Views, 0 Comments.
Champagne Powder®- Think sparkling champagne but in the form of snow that is smooth, dry and makes you feel like you are flying. One of the things that Steamboat is famous for.
First Tracks- Un-touched fresh powder. Use a special ticket to load the gondola at 8:00am or better yet the local knowledge to know where untracked lines will be later in the day.
Inversion- When it is very cold in town but surprisingly warm on top of the mountain. It can be -10 degrees at the base of the mountain and a balmy 20-30 degrees at the top! If you walk outside and it is really cold check the temperature on top of the mountain because there is a very good chance it is nice on top.
Locals Secrets - The things you only learn by getting outside and finding…
Wednesday, November 19th, 2014 at 3:02pm. 110 Views, 0 Comments.
Overall it is encouraging to see 3 strong months in a row bring us into positive territory for the year. The market has felt better for most of the year to those of us in the business and now the numbers are starting to reflect it. Pending sales, which represent properties under contract, were very strong in August, September, and October with a little but not much of a pull back in November to reflect the off season. The number of pending sales has varied between 160 to about 194 properties which makes me believe November and December will be strong months for closed sales too.
Inventory levels are coming down in more parts of the market. Once they get to healthy levels in each part of the market, prices begin to increase. This transition…
Tuesday, September 23rd, 2014 at 11:41am. 350 Views, 0 Comments.
The Homesteads at Wildhorse Meadows
The Steamboat Real Estate Market is recovering and as a result we are now seeing some new development break ground. In the mountain area there are a few ski in ski out sites that will be very expensive projects at some point then basically 3 sites close to the mountain.Two small sites on Eagle Glen Drive and the remaining land in Wildhorse Meadows around Trailhead Lodge where the Homestead is located.