Monday, November 25th, 2013 at 5:31pm. 153 Views, 0 Comments.
The Official Land Title Steamboat Market stats just came out today and it was a great month. We have been busy all summer with 4 of the 5 best months we have ever had (even compared to when the market was nearly 4 times bigger) and the broader market is picking up it's pace now too. The Steamboat Real Estate Market grew 26.2% over October 2012 and 15.5% YTD vs. 2012. Transactions were up +8.4% over last October and were up 11.3% YTD. For a little perspective the market was down nearly 75% volume wise from the peak in 2007 so we have a ways to go both sales and value wise.
There were $54.8M in gross sales and 129 transactions in October making it the second biggest gross volume month this year along with the highest number of transactions in…
Tuesday, November 12th, 2013 at 11:22pm. 944 Views, 0 Comments.
I wish all the time that I grew up in Steamboat but I feel lucky that Alden and Neve can instead. This is Alden with a couple of his SSWSC buddies before they head up the lift for their first day of U12 training at Howelsen hill. Any kid who is safe, well fed and loved is lucky. That said I never lose my sense of amazement of how lucky kids are that get to grow up in Steamboat.
Nearly every day I notice something small or big that is "normal" here but improbable or vacation worthy most other places. It may be cool things about the weather, something they talked about in school, powder days, mountain biking or other things I could only dream of doing when I grew up. They or their friends and likely their coaches ski raced in the US Ski Team or…
Tuesday, November 12th, 2013 at 3:05pm. 1,136 Views, 0 Comments.
It's an interesting news day for Steamboat Springs. Intrawest filed to go public today in an IPO and plans to list their stock on the NYSE. They registered to sell $100M in stock but this number often changes. I don't think it will quite like Twitter. For some background Intrawest was bought by one of the Fortress Funds in 2006 or 2007 and then proceeded to buy Steamboat in March of 2007 for $265M. They have sold off some resorts since then including Whislter / Blackcomb through a public offering and Copper Mountain to restructure their debt during the recession and moved their headquarters from Whistler to Denver. Their revenue was $524M in the year through June so Intrawest is still a formidable player in the ski business.
I have had it from…
Friday, October 18th, 2013 at 7:37am. 1,882 Views, 1 Comments.
The transition from summer to fall in Steamboat has brought more than just a change in seasons. The conversations about the market are changing as well. People looking to buy tell me that they see this as the time to either move to Steamboat, own in Steamboat or upgrade because they see Steamboat set to improve with the national market. People looking to sell tell me that they see this as the time to move forward to their next home or investment while it is available at a good price. They are more cognizant of current values. I hear, "what makes sense?" more than "I have to have this price."
I can now say with confidence that the Steamboat Real Estate market is recovering. Until July, it was tenuous, now with a strong summer & early fall under…
Wednesday, October 16th, 2013 at 10:30am. 499 Views, 0 Comments.
The September Stats just came out and they show that the Real Estate Market in Steamboat Springs continues to improve. The numbers show ups and downs so far this year some of which makes sense and some doesn't. I called my firend Melissa who runs Land Title and does the stats to ask her if the decrease in August and big jump in September makes any sense beacuse it doesn't correlate for me at all. She agreed that August was busier than September closings wise. I asked her if things may not be gettting recorded at the end of busy months like August. This can definitely be the case so we are looking into if it explains it this time.
See below for Melissa's report from Land Title. If you would like to know more about the market or what is happening…
Monday, June 10th, 2013 at 1:42am. 2,886 Views, 0 Comments.
Want to know more about what is happening with the Real Estate market in Steamboat? You will get a good sense for what is going on in our market along with quick briefs on our key market segments in 5 minutes. Insights that you can't find these anywhere else. The Steamboat Report is 6 pages, if you read the summary page and the 1/2 page that covers your part of the market you will know what you need. I tell it like it is and you will get the key takeaways without drowning in stats. Just let me know if you want more insights into the part of the market that interests you anytime, it makes a big difference which individual property or area you care about. See below for a sample and click below for the full report.
Click here for 'The Steamboat…
Tuesday, June 4th, 2013 at 5:04pm. 796 Views, 0 Comments.
Here are the current membership options for Catamount. You can either join the lake or get a golf membership which includes both. Catamount consists of two parts. Catamount Lake with it's extensive list of amenities including some of the best fly fishing in Colorado in the private tailwaters just below the Lake. Catamount Ranch is where the golf course is, both are surrounded by gorgeous homes along with a few duplexes along Catamount Lake. Give me a call if you would like more information on Catamount. If you would like to see what properties are available go to Catamount Steamboat Homes for sale.
1. Lake membership:
The lake membership initiation deposit is $10,000. Annual dues for 2013 are $4,400 and the annual spending minimum is $750.
Tuesday, June 4th, 2013 at 1:38pm. 607 Views, 0 Comments.
Sales at Edgemont Condos in Steamboat have gone well. Steamboat Real Estate sales have been improving and this is true at Edgemont too. There are now just 6 of the original 39 condos left. They are the nicest ski in ski out condos in their price range except 2704. That one becomes a question of taste and fit between it and the 4 Bedrooms at One Steamboat Place. You may not know that the condos here have been producing some of the highest rental income numbers in Steamboat due to the quality of the building and the excellent rental management by Moving Mountains. They deliver a whole different level of services than you will find from anyone else.
Edgemont is furnishing 2 more of their condos for summer giving us 4 decked out condos to show…
Friday, May 31st, 2013 at 7:10am. 2,608 Views, 0 Comments.
- Activity and interest are up, Q1 dollar volume & units sold grew 17% & 14%.
- Distressed units are gone or nearly gone in several key market segments and are no longer driving pricing in most parts of the Steamboat Market.
- The US market is strong, giving people confidence to pursue their goals here.
- Equities are near highs and people are shifting $ over to real estate in Steamboat.
- Quality choices have narrowed in several key segments adding some urgency.
- Prices have gone up in some parts of the market, but not close to 2008 levels.
- Rates are very low and financing is getting better, including Resort condos.
The Steamboat Real Estate market as a whole has turned due to increased buyer confidence and dwindling distressed
Saturday, April 6th, 2013 at 7:39am. 1,417 Views, 0 Comments.
Big news for Steamboat Barn Village that has been a long time coming. Steamboat Barn Village is the single family home and duplex development along Fish Creek behind Steamboat's iconic barn. It has a great location that is easy to get to downtown, the mountain or a grocery store. It easy to bike to from anywhere in town.
Update: We expect to have pricing the week of April 15th then the lots available to sell May 4th. They are likley to only offer a few lots at a time then raise prices between rounds so ask me how to navigate their rollout strategy.
Steamboat Barn Village was originally developed back in 2007 and was reserved more than twice over when they rolled it out. The process wasn't handled well by the development team and most of the…