Steamboat Springs Real Estate BlogRecently posted or modified blog postshttps://www.steamboatsprings-realestate.com/blog/Copyright SteamboatSprings-RealEstate.com2024-02-26T11:23:39-07:00tag:steamboatsprings-realestate.com,2012-09-20:18001Steamboat Springs Winter Carnival<img src="https://assets.site-static.com/userfiles/1597/image/NoahWetzel_2925.JPG" width="1000" height="667" />
Did someone say skijoring on Lincoln Ave., ski jumping through fiery hoops, and fireworks? This could only mean one thing…it’s almost time for Steamboat’s infamous Winter Carnival!
<a href="https://www.steamboatchamber.com/events/annual-events/steamboat-winter-carnival/">Click Here for you Winter Carnival Guide</a>
Every winter around 800,000 pounds of snow is spread onto the main drag in downtown Steamboat Springs for a full weekend of action-packed festivities. You won’t believe your eyes as kids ski behind horses ridden by Yampa Valley’s legacy ranchers, or as our very own Steamboat Springs Winter Sports Club athletes fly over the jumps at night on Howelsen Hill. Where else is it normal to hand an 8-year-old kid a highway flare and send them down a steep, icy ski run at night?! Experience this and so much more as Steamboat celebrates its 111th year of the longest running Winter Carnival west of the Mississippi.
The Winter Carnival began as a way to help residents cope with all the cabin fever that creeps up during the peak of the winter season. The event has continued to this day as a celebration of winter, a place to gather with friends and neighbors alike, and as a fun way to experience all that Ski Town U.S.A has to offer!
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The festivities include events such as ski jumping competitions, a snowboarding jam session, a soda pop slalom, a tubing party, the diamond hitch parade, which includes the high school band on skis, street events on Lincoln Avenue, and a night extravaganza at Howelsen Hill with a brilliant fireworks display and the famous lighted man.
Opening ceremonies begin on Wednesday, February 7th at Howelsen Hill. Make sure to catch the S'More Family Fun, Air Bag Jam Session, and the Dual Slalom Bicycle Races. All street events will take place on Saturday and Sunday on Lincoln Ave, and the “Lighting the Flame” nighttime extravaganza will be on Saturday evening at Howelsen Hill. Don't forget your button! On Sunday, Winter Carnival concludes with the Diamond Hitch Parade, followed by the Pro Alpine Ski Jumping Finals.
The Winter Carnival event is an excellent opportunity to embrace the western heritage upon which Steamboat was founded. Even more, Winter Carnival is a fun-filled weekend with exciting opportunities for people of all ages to enjoy. We can guarantee this is one event you won’t want to miss out on during the winter season. We’ll see you there!
For more information and a full schedule of events, <a href="https://www.steamboatchamber.com/events/annual-events/steamboat-winter-carnival/schedule/?guid=9b6a53b7-2913-462c-801e-78e700f50b13&preview=true" target="_blank">click here!</a>
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2024-02-07T09:25:00-07:002024-02-07T10:20:55-07:00Natalie Teertag:steamboatsprings-realestate.com,2012-09-20:14653Steamboat Springs Real Estate Market Update - Updated February 2024⬇️ Scroll Down just Below the Table of Contents for the 2023 Year End Market Report 😎
Table of Contents
<a href="https://www.steamboatsprings-realestate.com/#steamboat_springs_2023_third_quarter_real_estate_market_updates">Steamboat Springs 2023 Real Estate Market Updates</a>
<a href="https://www.steamboatsprings-realestate.com/#2023endofyear">End of Year 2023</a>
<a href="https://www.steamboatsprings-realestate.com/#2023_third_quarter">Third Quarter 2023</a>
<a href="https://www.steamboatsprings-realestate.com/#2023_first_half">First Half 2023</a>
<a href="https://www.steamboatsprings-realestate.com/#2023_first_quarter">First Quarter 2023</a>
<a href="https://www.steamboatsprings-realestate.com/#2022_december">End of Year 2022</a>
Steamboat Springs Real Estate Market Updates - 2023 End of Year
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The Top 4 Steamboat Market Takeaways
1. After 2 years of the great escape and year of things moving back towards normal we are not seeing post covid gap in demand. Many people bought sooner than they planned, so it is good to see that didn’t leave a gap in demand now that the Covid Great Escape has ended. Even though some people are being called back to work they can still spend more time in Steamboat and a large portion of our buyers are still able to spend much more time in Steamboat than before.
2. The primary limit on sales continues to be inventory. As we publish this report there are 99 residences on the market in all of Routt County. Inventory ranged from 39 to 180 during the last 3 years and was only briefly below 75 units. For context, in the spring of 2019 there were about 360 units on the market and that was tighter than I have ever seen since 2005.
3.Total Sales Volume in $ was down 15% in 2023. Demand is lower than Covid years but still quite a bit higher than supply. If we had 15% more inventory in 2023 we could have matched 2022 sales.
4. In January 2024 we saw a big step up in interest along with a 20% increase in closed sales. We are also seeing very strong new contract activity that closes in February or March. Based on our conversations with clients they are adjusting to the new interest rates etc and are more prepared to secure their home in Steamboat as we start 2024. People are taking a long term view on interest rates and expect the chance to refine in the next couple of years now that inflation has come down strongly.
‍—Jon Wade - Broker/Owner
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Single-Family
Single family homes finished 2023 with an average sales price up 7% vs a year ago due to continued demand and limited supply. As of this writing on Jan 24th - there are only 33 Single Family Homes for sale under $4.35M plus 20 luxury single family homes above $4.35M.
Average price increased 7% due to fewer sales at lower price points and appreciation as a result of our limited inventory. In 2022, there were 50 total sales under $1M and 99 sales between $1M-$2M. In 2023, there were only 37 sales under $1M and 76 sales between $1M-2M.
Most individual single-family homes are worth more now as in the spring of 2022 when total sales peaked with a few exceptions for homes with bigger issues, as many people were willing to take on more challenges to get a home at the peak of the COVID market. People are a step less willing to make big compromises now but are still striving in reasonable ways to get the right home that allows them to be in the Yampa Valley.
It is worth noting that we are seeing a fair amount of price reductions for properties that are priced beyond their value which is different than the value of that home going down. That said overpricing a home for long usually results in it selling for less than it could have if it entered the market at a price that makes sense for its attributes. If you wonder which is the case for a property you see on the market just reach out.
At the top end, we separate out the top 10% of sales to represent the luxury market - which helps to paint the best picture of the 2 distinct markets. Interestingly there were 38 sales between $2-3M BOTH years and 19 sales above $3M in BOTH 2022 (up to $3.75M) and 2023 (up to $4M). To us this is a good example of the resilience of our market and the continuing demand to own a place here. It is good to see this strength given the increase in interest rates and economic uncertainty. Basically, we have very low inventory almost no distressed sellers, and still a significantly stronger market than in 2019 which was a great year just not amazing like the “Great Escape” we described as driving the market during Covid.
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Luxury Single-Family
The range of sales in this segment in 2022 was $3.8M-$13.3M. In 2023, the sales ranged between $4.35M-$15.65M. However, the shift upwards in price and quality of the home sales at both the lower and higher end of the spectrum contributed to the average sales price increase 27%. The value of any particular home is likely to have increased in the 7-10% range.
To illustrate the shift up in the price points of the homes that sold<br /> - 30% (7 of 23) of the homes that sold in 2022, were below $4.3M, which was the lowest price in this segment in 2023. <br /> - On the higher end of sales in 2022, there was 1 sale above $7.5M. In 2023, there were 6 sales above $7.5M <br /> - The average price continues to shift up with which particular properties sold, the increasing quality of new homes, and overall appreciation.
As mentioned above as of Jan 24th there are 24 active homes in this segment. While that could sound like a lot, the design, land size and location in the county varies more than at lower price points. There may or may not be a home on the market that is a fit for any particular buyer so it pays for Buyers in the range to see any new options that come on quickly.
The increasing quality level/features of new luxury homes along them sitting on lots that are worth $1-$6M are a big influence on the average sales price.
We feel fortunate to have represented the sellers in over 20% of the properties in this category. We focus on helping our sellers reach their goals including selling their homes for the most money with more convenience for our clients vs. the traditional approach. To learn more about how we can help you achieve your goals, call The Steamboat Group.
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Condos & Townhomes
As in other parts of the market we are seeing people take a long-term view on interest rates when they find a good fit for their goals but still realize that they may need to have some flexibility to get a place.
Units and $ sales are both down 18% but it is interesting to see that in every quarter except Q2 sales were down 6% or less. In Q2 less supply came on and what did took a little longer to sell, both sellers and buyers took a brief pause for some reason but got right back after it the rest of the year.
Here are the sales numbers in units for each quarters broken down, followed by an explanation of what happened:<br /> 2022: Q1 - 71 Q2 - 130 Q3 - 99 Q4 - 66<br /> 2023: Q1 - 72 Q2 - 70 Q3 - 93 Q4 - 62
Looking at this change year over year by quarter unit sales are up 1% in Q1, down 46% in Q2, down 6% in Q3, and down 6% Q4. It was a pretty good year for coming out of the Great Covid escape, but even stronger except for one odd quarter.
In Q2 of 2022 and 2023 Inventory was a couple of steps better than the quarter before and almost the same inventory level each year, but fewer properties were coming on the market and not selling as fast in Q2 2023. Basically in Q2 2022, inventory came on faster and sold faster so sales were higher vs. in Q2 2023 inventory came on slower and sold a bit slower to sales that quarter dropped more because it was so much stronger in 2022 when more inventory came on and sold quickly.
The individual unit sales in this segment kept the average close, but were a very different mix of price points year over year. In 2022, there were 20 sales above $2.8M, in 2023 there were only 8 above $2.8M. Despite the lower number of sales above $2.8M, the averages stayed similar because there were 3 sales in 2023 at $7.25, $7.5M and $9.1M vs. the highest sale in 2022 was $5.6M. There were a lot fewer condos in the $2.8-4.5M range available and both of the very high-end condos sold quickly at or above full price.
Looking at the other end of the spectrum there were 25 sales under $400K in 2022 and 9 sales under $400K in 2023. The units that sold in 2023 under $400K were 10% smaller in sqft on average.
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Hayden
Sales in Hayden are up 11% even in our inventory-constrained market. Hayden continues to benefit from it’s new K-12 school, more fun things to do downtown and it’s relative affordability.<br /> 2022 Q1 - 11 Q2 - 14 Q3 - 14 Q4 - 6<br /> 2023 Q1 - 8 Q2 - 11 Q3 - 12 Q4 - 14
The goal of this report is to analyze the entire year, but similar to condos and townhomes we think it valuable to break down the market a bit by quarter. At the end of Q3 units sold was down 23% and sales volume was down 12%. Q4 was strong in Hayden with $3.0M in sales volume in 2022 vs $6.8M in sales volume in 2023.
In the first half there were no sales above $700K in 2023 vs. 2 in 2022. The second half of the year that flipped. The entirety of 2022 finished the year with 4 sales over $700K with the highest sale at $980K vs. 7 sales over $700K in 2023 with the highest sale $1.6M.
In addition, the entry-level price point has shifted up with 13 sales below $350K vs. 8 in 2023. With the appreciation we have seen in Hayden due to the new school and more restaurants very few homes are worth less than $350K now. When people in Hayden call us about selling their homes we are particularly pleased to see the life-changing equity that locals have built up over the last few years.
The market in Hayden is performing well and has been mostly limited by inventory so far this year. At some point when interest rates start to come down we expect to see more demand and more people are willing to sell and buy the next home that fits.
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Oak Creek/Phippsburg/Yampa
There were 2 homes in 2023 that sold over $1.5M. In 2022, there was 1 sale at $1.2M. These sales were a huge component in the average sales price increasing 29%. In this case, it was just a matter of which particular homes were available. In a small volume area a couple of different sales can really skew the percentages without an actual change in the market.
Oak Creek is continuing to be the most popular of the 3 towns in this grouping. In 2023 12 of 19 sales were in Oak Creek and in 2022 21 of 34 sales were in Oak Creek as well.
Oak Creek generally has lower to mid-range value homes. Phippsburg and Yampa have more entry-level homes but some higher-end properties on larger parcels.
As we mentioned in the overview at the top, homes that are priced well and marketed professionally are selling quickly. The home we helped sell in Oak Creek had a ton of interest, sold quickly and for more than the asking price.
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Stagecoach
Similar to Oak Creek/Phippsburg/Yampa a few less sales or lower inventory can bring sales down significantly even though the market has remained strong.
It really shows strength in the market when the median price increase is more than the average because it means most things were higher and it was double in this case.
The biggest limiter is inventory, particularly in the lower and higher end price points. In 2022, 23 properties sold under $700K vs. in 2023, there were only 9 properties that sold under $700K reflecting the shift up in prices and more homes vs. condos / townhomes in 2022.
In 2022, there were less sales over $1M in this segment, but at a higher price point - there were 7 sales between $1M-$2.8. In 2023, there were 10 sales over $1M, but all between $1M and $1.3M.
* In Hayden, Stagecoach and Oak Creek/Phippsburg/Yampa there are condo and townhomes sales which isn’t common in the county and does lower the average price.
Steamboat Springs Real Estate Market Updates - 2023 First Half -
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Overall Top 5 Quick 2023 First Half Market Takeaways
1. We have gone from a great market in 2019 to a very strong Covid market and back. In 2023 so far, we are 27% higher than the 2019 sales volume. Through the first half of the year, we have seen $385M in sales in 2023 vs. $303M in 2019, which was a great year. When we compare to 2022, which was the peak of the Covid Escape, sales are down 35%.
2. Limited inventory has brought total $ sales down while most property values have increased due to more demand than supply. For example, average prices for Single Family homes were $1.73M in 2023 vs. $935K in 2019, an increase of 85%.
3. Some people assumed property values peaked in the Spring of 2022, then in the fall some went down but most were stable or up. Things stabilized by January 2023 and most properties have appreciated as of July 2023. Just reach out and we can explain what is happening in your part of the market.
4. We are especially pleased to see continued buyer demand and resilient values out in the rural areas. During the great recession, the rural areas were both the first to see declines in value and had the biggest declines, so seeing values there holding strong is a particularly good sign for our market.
5. Inventory averaged 129 residences so far in 2023 vs. 469 in 2019, which we thought was very tight then. This makes it clear that people who bought the last few years are in Steamboat for the long term. For perspective, prices started appreciating coming out of the Great Recession with inventory levels in the 800’s, so inventory under those levels is encouraging for values going forward.
Basically, we have very low inventory, almost no distressed sellers, and sales similar to 2019 which was a great year, just not amazing like the “Great Escape” we described as driving the market during Covid.
<img src="https://assets.site-static.com/userfiles/1597/image/average-sale-vsinventory2.jpg" width="1329" height="1138" />*While the average is down slightly - the valuation of any individual home has most likely increased. Please reach out to Jon to learn more.
The market in Steamboat and Routt County is continuing to transition from the great escape during Covid, back to a lifestyle-driven market. What is a lifestyle market? It’s a place where the primary attraction is the lifestyle. This is the next step beyond a resort market in Steamboat’s case. A lifestyle market is primarily driven by the quality of life and amenities to the extent that locals (including people that have moved here full-time for the amenities) are a bigger portion of the economy than the tourism market. Tourism is obviously still important to Steamboat but our economy and market moved beyond tourism in the last 5-10 years.
In addition to the great lifestyle we enjoy here, Steamboat is unique among ski towns in Colorado because it has such a strong community. Much of that comes from our history as a ranching town and the great values that are ingrained in our local culture. These things have remained at the core of our community because so many locals own or at least live in town. Most ski towns have local ownership numbers in the 5-15% range, and the number that can afford to rent is similar. For example, local ownership in Breckenridge is 7%.
Ski towns losing locals, and their identity as a result, was something discussed in the 80’s. Rasta Stevie, a town councilman in Telluride was featured in the ski movie The Blizzard of Ahhs talking about how people came to Telluride because it’s cool and funky, but before they know it, it won’t be that way if the locals are gone.
Fortunately for us Steamboat has 53% local ownership. While it has gotten significantly harder for locals, it’s much better than in most resorts / still possible for locals to own or rent in town. That basic goal is far harder in other resorts. For those that can’t live in the City of Steamboat or prefer a slower pace, we have 3 great towns within 30 minutes of town that each have nice quality of life and a strong community, in addition to more affordable housing. It’s also true that anyone living in Routt County can genuinely claim Steamboat as their home because we are one big community that we refer to as Steamboat.
The mountains and the lifestyle are what brings people to Steamboat but it’s the community and our down-to-earth local values that keep us here.
Some people ask if properties are now selling at a discount because everyone that bought during Covid are having to leave in a hurry now. The opposite is true. They are either staying full-time or keeping the properties they bought, so we are not seeing an “Escape back to the City” and thought a few more would. What happened is that nearly everyone that bought was achieving their long-term goal of being here, and was ready to stay or at least keep it and come much more often / longer than they could before.
In regards to Interest rates, they are high but interest rates rise and fall over time. Given that, we are towards the end of the Fed’s tightening cycle to fight inflation, and they may go up a bit more. Then they are likely to start going down, which will give people the opportunity to refinance and likely more than once. You need to be able to afford to purchase a property at the current rates and plan on it if rates stay high, but a lot of smart people believe they will see the opportunity to lower their costs over time just like they did 1-3 times in the last two interest rates cycles.
What we are seeing in our conversations with clients is that inventory is the biggest limiter to sales at these inventory levels. Basically, there is low enough inventory that there are still more than enough people to purchase the current inventory with current rates. When interest rates come down we are likely to see two things:
1) Increased demand which will tend to lower inventory even further and increase prices because people can afford more for the same payment.
2) More people choosing to sell because they are now able to upgrade which will increase both inventory and demand since more people will choose to sell to upgrade and more people will be comfortable buying.
‍—Jon Wade - Broker/Owner
<img src="https://assets.site-static.com/userfiles/1597/image/firsthalfnormal_sf_2023_copy.jpg" alt="Market Update: 2023 First Half Single-Family Homes" />
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Single-Family
The market continues to shift upward for single-family homes price-wise. Of the 10 single-family homes that sold under $1M in the first half of the year, only 5 were in Steamboat Springs. The other 5 were in Toponas, Milner, and Clark. The fewer sales at lower price points also contributed to the increase in the average and median price increases. In 2022, there were 23 total sales under $1M for reference. Additionally, at the top end, we separate out the top 10% of sales to represent the luxury market - which helps to paint the best picture of the 2 distinct markets. In 2022, the highest sale in this segment was $3.15M. There were 6 sales above this in 2023 which means that the prices for Luxury homes in the top 10% of the market also increased.
If you remove the 6 homes above $3.5M in this segment - the average sales price still showed a 4% change vs. last year. This is a good example of the resilience of our market and continuing demand to own a place here. This is good to see given the change in rates and economic uncertainty. Basically, we have very low inventory almost no distressed sellers, and demand similar to 2019 which was a great year just not amazing like the “Great Escape” we described as driving the market during Covid.
Most single-family homes are worth more or at least the same now as the peak in the spring of 2022 with a few exceptions for homes with bigger issues, as many people were willing to take on more challenges to get a home at the peak of the COVID market. People are a step less willing to make big compromises now but are still striving in reasonable ways to get the right home that allows them to be in the Yampa Valley.
<img src="https://assets.site-static.com/userfiles/1597/image/firsthalfluxury_sf_2023_copy.jpg" alt="Market Update: 2023 First Half Luxury Homes" />
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Luxury Single-Family
With only 7 Sales in this segment, the variation in the price point of individual sales can really shift the stats above without being representative of the market. This segment makes more sense to discuss subjectively on what we are seeing when comparing similar homes vs. a year ago. Values are stable to up in this segment depending on the quality of the home and location but nowhere near the increase shown in the average and median prices above. There are just not enough sales to avoid being skewed by what happened to sell vs. a change in the market.
Supply in this part of the market is even more limited than in the rest of the market and demand was there in the first half for several more homes at the same values or a step more as in 2022. The range of sales in 2022 was $3.4M-$7.5M. In 2023 the sales ranged between $4.0M-$9.0M
The 2 homes that sold above the highest sale in 2022 were at $8M & $9M respectively. Both were spectacular homes on very valuable lots. The one for $9M was in Anglers with a big Mountain View. It was built by Guido Constantini who made a bit of splash in Steamboat for a few years before moving on. He added some things we don’t often see like a tower to capture more views and a cavernous living area with very tall ceilings that faces the mountain with a wall of windows. The other one was a Catamount Lake home with 38 acres that overlooks the lake for $8M.
We feel fortunate to have represented the sellers on 2 of the 7 sales in this category.
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Condos & Townhomes
The story in this category is all about inventory, both the amount of inventory and the price points of the units that were available. Here are the inventory numbers for the first 2 quarters individually broken down, followed by what happened. <br /> Q1 2022 - 71 Q2 2022 - 130<br /> Q1 2023 - 72 Q2 2023 - 70
In Q1 of 2022 and 2023, inventory was exceptionally low in the 40-60 unit range which limited sales as there was still fairly strong demand both years.
In Q2 of 2022 and 2023 Inventory was a couple of steps better than the quarter before and almost the same inventory level, but fewer properties were coming on the market and not selling as fast in Q2 2022. Basically in Q2 2022, inventory came on faster and sold faster vs. in Q2 2023 inventory came on slower and sold a little slower.
More inventory came on in June 2023 and has been selling more quickly in July so new contracts have picked up significantly since then.
Average prices were down 13% in 2023 vs. 2022, but the median was only down 2% - so what happened? To start with values in this range are mostly up with some stable and very few down. There was a period in the second half of 2022 that a fair number were down but they have mostly come back.
The lower average prices we see are clearly driven by the lower number of high-end properties available in this segment vs. 2022. In 2023 the highest sale was $3.4M. In 2022 there were 8 sales above this price point which is why the average price is down so far in 2023. If you remove the sales above $3.4M from 2022, there is a 2% decrease year over year which is the same as the median price change. If you look at the value of individual properties, as we do when we're analyzing sales, they are up as we mention above.
Looking at the other end of the spectrum there were 22 sales under $500K in 2023 and 23 sales under $500K in 2022. Almost the identical number of sales under $500K but the $/sf increased 15% in this range. 2022 - $542/sq ft vs. 2023 - $623/sq ft
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Hayden
While the number of homes that sold was down there was strong demand for the ones that came on the market and sales were limited by low inventory. One of our favorite things is helping locals succeed and we were able to sell 5 of these 20 homes in Hayden so we have a particularly good sense for the strength of the market there. We love seeing more great improvements in Hayden like the new wine bar in the Granary that make Hayden a great destination for food and drink.
Part of the reason sales volume in $ is up only 5% is that there were no sales above $700K in 2023 vs. 2 in 2022 - partially because fewer options were available in 2023. At the same time the entry level price point has shifted up with 1 sale below $300K vs. 4 in 2022. With the appreciation we have seen in Hayden due to the new school and more restaurants very few homes are worth less than $300K now. When people in Hayden call us about selling their homes we are particularly pleased to see the life changing equity that locals have built up over the last few years.
Similar to Phippsburg/Yampa/Oak Creek this is a segment in which inventory and a few sales or different prices in a smaller market can influence the overall variables dramatically. We are seeing homes that are coming on and priced with the right amount of progress in the market selling quickly. The market in Hayden is performing well and was mostly limited by inventory so far this year. At some point when interest rates start to come down we expect to see both more demand and a step higher inventory and more people are willing to sell and buy the next home that fits.
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Oak Creek/Phippsburg/Yampa
As we mentioned in the overview at the top, homes that are priced well and marketed professionally are selling quickly. The home we helped sell in Oak Creek had a ton of interest, sold quickly and for more than the asking price.
A beautiful home with a tricked out barn and 42 acres for $1.6M outside of Oak Creek contributed quite significantly to the increase in average sales price. Without this sale, the average increase would be a 16% increase instead of 48%. The median is also up 29% because in 2022 11 of 17 sales were under $400K vs in 2023 3 or 9 sales were.
Oak Creek is continuing to be the most popular of the 3 towns in this grouping. In 2023 5 of 9 sales were in Oak Creek and in 2022 11 of 17 sales were in Oak Creek as well. Oak Creek generally has lower to mid-range value homes. Phippsburg and Yampa have more entry-level homes but some higher-end properties on larger parcels.
While the sales volume is down, this segment is smaller in nature. We believe that both the amount of snow this winter reduced supply even further. A few less sales or lower inventory can bring sales down even though the market has remained strong. The biggest limiter is inventory not demand. Homes that are priced and marketed well are selling. We listed 3 of the 9 sales in this area and got our clients great results. If you are interested in learning how we helped these people reach their goals? Send us an email to learn more.
<img src="https://assets.site-static.com/userfiles/1597/image/firsthalfstagecoach_2023_copy.jpg" alt="Market Update: 2023 First Half Stagecoach" />
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Stagecoach
Similar to Oak Creek/Phippsburg/Yampa we believe that both the amount of snow this winter reduced supply even further. A few less sales or lower inventory can bring sales down even though the market has remained strong which is the case here.
The biggest limiter is inventory at the lower and higher end price points. In 2023, there were only 4 properties that sold under $700K vs. 9 properties that sold under $700K in 2022. Additionally, the highest sale in 2023 was $1.3M, in 2022 there were 2 sales - at $1.4M and $2.8M respectively. Without these 2 big sales in 2020, the average sales price would have increased 15% which would be a better indicator of the strength of the market in Stagecoach.
* In Hayden, Stagecoach and Oak Creek/Phippsburg/Yampa we have begun to add in condo and townhomes sales into the average sales prices as more properties of these types have been selling over the past year.
Steamboat Springs Real Estate Market Updates - 2023 3rd Quarter -
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The Top 5 Steamboat Market Takeaways
1. There continues to be resiliency with signs of increasing strength, even as interest rates have increased. Q3 2023 total sales were only one million dollars lower than a year ago. People have had time to digest the changes and then thoughtfully continue towards their goals. New contract activity and Buyer interest are also strong so we feel good about how the year will end too.
2. Compared to 2019, which was a great year, average sales price and sales volume are up significantly, while units sold are down. This reflects how our limited inventory continues to increase real estate values in Steamboat. Compared to 2022, total sales were down. That Q3 was strong with sales 88% higher that said Q1 and Q2 combined We saw a fair number of people hesitate in Q2 2023 then they got more comfortable and came back strongly in Q3.
3. Interest rates are clearly not ideal yet interest rates ended Q3 at ~7.5% and Q3 saw sales of $337M vs $216M in Q2 2023. In Q3 2022 when rates were 6.5% the total sales volume was $338M vs. $337M in Q3 2023 when rates were 7.5%. While we look forward to lower rates it’s good to see people take a long term perspective and demand stay stable with rates up 1% over the last year (we thought it was more than that until we checked).
4. Our conversations with people buying right now show that while they don’t like current rates they understand this is closer to the long-term average for interest rates. They see the opportunity to refinance in the next few years since the Federal Reserve is nearing the end of rate increases and the majority of economists now expect them to start lowering rates in the 2nd half of 2024. <br /><br /> We are also seeing local mortgage brokers calculate the after-tax cost of the mortgage to help people see the net costs and cash buyers are still fairly active in the market. A fair number of buyers are also taking advantage of a less competitive market to get the right home for their long-term goals before competition returns while others that are waiting for rates to come down return to the market since they can refinance later.
5. Compared to 2019 through the end of September the market is up 43% from $500M to $723M. However, unit sales are down 16%. The reason sales volume is up with a decrease in units is because the average sales price has increased 70% from $614K in 2019 to $1.04M in 2023. YTD Average sales price for all property types in Steamboat Springs has increased 4% from $1.00M 2022 to $1.04M 2023.
‍—Jon Wade - Broker/Owner
<img src="https://assets.site-static.com/userfiles/1597/image/2023-NOT-luxury_sf_copy.jpg" alt="Market Update: 2023 3rd Quarter Single-Family Homes" />
Single-Family
Single family homes values are up 11% vs a year ago due to continued demand and limited supply. The fewer sales at lower price points also contributed to the increase in the average and median price increases. In 2022, there were 41 total sales under $1M for reference. Additionally, at the top end, we separate out the top 10% of sales to represent the luxury market - which helps to paint the best picture of the 2 distinct markets. In 2022, the highest sale in this segment was $3.5M. There were 5 sales above this in 2023 which means that the prices for Luxury homes in the top 10% of the market also increased.
If you remove the 6 homes above $3.5M in this segment - the average sales price still showed a 5% change vs. last year. This is a good example of the resilience of our market and the continuing demand to own a place here. It is good to see this strength given the increase in interest rates and economic uncertainty. Basically, we have very low inventory almost no distressed sellers, and still a significantly stronger market than in 2019 which was a great year just not amazing like the “Great Escape” we described as driving the market during Covid.
Most individual single-family homes are worth more now as in the spring of 2022 when total sales peaked with a few exceptions for homes with bigger issues, as many people were willing to take on more challenges to get a home at the peak of the COVID market. People are a step less willing to make big compromises now but are still striving in reasonable ways to get the right home that allows them to be in the Yampa Valley.
It is worth noting that we are seeing a fair amount of price reductions for properties that are priced beyond their value which is different than the value of that home going down. That said overpricing a home for long often results in it selling for less than it could have if it entered the market at a price that makes sense for its attributes. If you wonder which is the case for a property you see on the market just reach out.
<img src="https://assets.site-static.com/userfiles/1597/image/2023-luxury_sf_copy.jpg" alt="Market Update: 2023 3rd Quarter Luxury Homes" />
Luxury Single-Family
With only 13 Sales in this segment, the variation in the price point of individual sales can really shift the stats above without being representative of the market. In this case, we believe that appreciation is closer to the median increase of 16% which takes out the higher end sales. These homes were in Storm Mountain Ranch and Anglers. Both were huge homes land values that are a significantly higher portion of the sales price than most. The range of sales in 2022 was $3.65M-$7.5M. In 2023 the sales ranged between $4.45M-$15.65M.
This segment makes more sense to discuss subjectively on what we are seeing when comparing similar homes vs. a year ago. Values are stable to up in this segment depending on the quality of the home and location. There are just not enough sales to avoid being skewed by what happened to sell vs. a change in the market.
Supply in this part of the market is even more limited than in the rest of the market and demand was there in the first half for several more homes.
The increasing quality level/features of new luxury homes along with lots that are worth $1-$6M are also influencing the average sales price.
We feel fortunate to have represented more luxury home sellers in Steamboat Springs in 2023 than any other brokerage. The Steamboat Group listed 4 of the 13 sales in this category or 1/3 more than any of the other companies. We focus on helping our sellers reach their goals including selling their homes for the most money with more convenience for our clients vs. the traditional approach. To see about achieving your goals, call The Steamboat Group.
<img src="https://assets.site-static.com/userfiles/1597/image/2023-condos-townhomes_copy.jpg" alt="Market Update: 2023 3rd Quarter Condos/Townhomes" />
Condos & Townhomes
The story in this category is all about inventory, both the amount of inventory and the price points of the units that were available. Here are the sales numbers in units for the first 3 quarters broken down, followed by an explanation of what happened: <br />2022 Q1 - 71 Q2 - 130 Q3 - 99<br /> 2023 Q1 - 72 Q2 - 70 Q3 - 93
Unit sales are down 22% so far this year due to very low supply, especially during Q2, but only down 6% in Q3 as we saw a bit more supply and buyers waiting for the right place took the opportunity to realize their goals.
As in other parts of the market we are seeing people take a long-term view on interest rates when they find a good fit for their goals but still realize that they need to have some flexibility to get a place.
In Q1 of 2022 and 2023, inventory was exceptionally low in the 40-60 unit range which limited sales. In ’22 demand was very strong and it was fairly strong in ’23.
In Q2 of 2022 and 2023 Inventory was a couple of steps better than the quarter before and almost the same inventory level, but fewer properties were coming on the market and not selling as fast in Q2 2023. Basically in Q2 2022, inventory came on faster and sold faster vs. in Q2 2023 inventory came on slower and sold a bit slower.
Values in this range are mostly up with some stable and very few down. In the second half of 2022 a fair number were down but those have mostly come back.
The individual unit sales in this segment kept the average close, but were a very different mix of price points year over year. In 2022 there were 16 sales between $2.8-$4.5M, in 2023 there were only 3. Despite the lower number of sales, the averages stayed similar because there were 2 sales in 2023 at $7.5M and $9.1M when the highest sale in 2022 was $5.6M. There were a lot fewer condos in the $2.8-4.5M range available and both of the very high-end condos sold quickly at or above full price.
Looking at the other end of the spectrum there were 32 sales under $500K in 2022 and 25 sales under $500K in 2023 for a 22% decrease in availability.
<img src="https://assets.site-static.com/userfiles/1597/image/2023-hayden-updated.jpg" alt="Market Update: 2023 3rd Quarter Hayden Real Estate" />
Hayden
While the number of homes that sold was down 23% there was strong demand for the ones that came on the market. As we are seeing in most parts of the market sales demand is still stronger than than the inventory available.
In our first half report we mentioned that part of the reason sales volume in $ was up only 5% was that there were no sales above $700K in 2023 vs. 2 in 2022. This has changed and we saw 4 sales in Q3 alone ranging from $700K-$1.6M. This was the main contributing factor in the average sales price increasing 14% year-over-year.
In addition, the entry-level price point has shifted up with 1 sale below $300K vs. 5 in 2022. With the appreciation we have seen in Hayden due to the new school and more restaurants very few homes are worth less than $300K now. When people in Hayden call us about selling their homes we are particularly pleased to see the life-changing equity that locals have built up over the last few years.
The market in Hayden is performing well and has been mostly limited by inventory so far this year. At some point when interest rates start to come down we expect to see both more demand and a step higher inventory and more people are willing to sell and buy the next home that fits.
<img src="https://assets.site-static.com/userfiles/1597/image/2023-oak-phipps-yamps_copy.jpg" width="2000" height="1329" />
Oak Creek/Phippsburg/Yampa
As we mentioned in the overview at the top, homes that are priced well and marketed professionally are selling quickly. The home we helped sell in Oak Creek had a ton of interest, sold quickly and for more than the asking price.
There were 2 homes in 2023 that sold over $1.5M. In 2022, there was 1 sale at $1.2M. These sales were a huge component in the average sales price increasing 36%.In this case, it was just a matter of which particular homes were available. In a small volume area a couple of different sales can really skew the percentages without an actual change in the market.
Oak Creek is continuing to be the most popular of the 3 towns in this grouping. In 2023 10 of 16 sales were in Oak Creek and in 2022 19 of 30 sales were in Oak Creek as well. Oak Creek generally has lower to mid-range value homes. Phippsburg and Yampa have more entry-level homes but some higher-end properties on larger parcels.
<img src="https://assets.site-static.com/userfiles/1597/image/2023-stagecoach_copy.jpg" alt="Market Update: 2023 3rd Quarter Stagecoach" />
Stagecoach
Similar to Oak Creek/Phippsburg/Yampa a few less sales or lower inventory can bring sales down significantly even though the market has remained strong.
The biggest limiter is inventory, particularly in the lower and higher end price points. In 2023, there were only 7 properties that sold under $700K vs.16 properties that sold under $700K in 2022. The median and the average were balanced out year-over-year by the higher end sale differences. In 2022 there were less sales over $1M in this segment, but at a higher price point - there were 5 sales between $1M-$2.8. In 2023, there were 7 sales over $1M, but all between $1M and $1.3M.
* In Hayden, Stagecoach and Oak Creek/Phippsburg/Yampa we have begun to add in condo and townhomes sales into the average sales prices as more properties of these types have been selling over the past year.
Steamboat Springs Real Estate Market Updates - 2023 First Half -
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Overall Top 5 Quick 2023 First Half Market Takeaways
1. We have gone from a great market in 2019 to a very strong Covid market and back. In 2023 so far, we are 27% higher than the 2019 sales volume. Through the first half of the year, we have seen $385M in sales in 2023 vs. $303M in 2019, which was a great year. When we compare to 2022, which was the peak of the Covid Escape, sales are down 35%.
2. Limited inventory has brought total $ sales down while most property values have increased due to more demand than supply. For example, average prices for Single Family homes were $1.73M in 2023 vs. $935K in 2019, an increase of 85%.
3. Some people assumed property values peaked in the Spring of 2022, then in the fall some went down but most were stable or up. Things stabilized by January 2023 and most properties have appreciated as of July 2023. Just reach out and we can explain what is happening in your part of the market.
4. We are especially pleased to see continued buyer demand and resilient values out in the rural areas. During the great recession, the rural areas were both the first to see declines in value and had the biggest declines, so seeing values there holding strong is a particularly good sign for our market.
5. Inventory averaged 129 residences so far in 2023 vs. 469 in 2019, which we thought was very tight then. This makes it clear that people who bought the last few years are in Steamboat for the long term. For perspective, prices started appreciating coming out of the Great Recession with inventory levels in the 800’s, so inventory under those levels is encouraging for values going forward.
Basically, we have very low inventory, almost no distressed sellers, and sales similar to 2019 which was a great year, just not amazing like the “Great Escape” we described as driving the market during Covid.
<img src="https://assets.site-static.com/userfiles/1597/image/average-sale-vsinventory2.jpg" width="1329" height="1138" />*While the average is down slightly - the valuation of any individual home has most likely increased. Please reach out to Jon to learn more.
The market in Steamboat and Routt County is continuing to transition from the great escape during Covid, back to a lifestyle-driven market. What is a lifestyle market? It’s a place where the primary attraction is the lifestyle. This is the next step beyond a resort market in Steamboat’s case. A lifestyle market is primarily driven by the quality of life and amenities to the extent that locals (including people that have moved here full-time for the amenities) are a bigger portion of the economy than the tourism market. Tourism is obviously still important to Steamboat but our economy and market moved beyond tourism in the last 5-10 years.
In addition to the great lifestyle we enjoy here, Steamboat is unique among ski towns in Colorado because it has such a strong community. Much of that comes from our history as a ranching town and the great values that are ingrained in our local culture. These things have remained at the core of our community because so many locals own or at least live in town. Most ski towns have local ownership numbers in the 5-15% range, and the number that can afford to rent is similar. For example, local ownership in Breckenridge is 7%.
Ski towns losing locals, and their identity as a result, was something discussed in the 80’s. Rasta Stevie, a town councilman in Telluride was featured in the ski movie The Blizzard of Ahhs talking about how people came to Telluride because it’s cool and funky, but before they know it, it won’t be that way if the locals are gone.
Fortunately for us Steamboat has 53% local ownership. While it has gotten significantly harder for locals, it’s much better than in most resorts / still possible for locals to own or rent in town. That basic goal is far harder in other resorts. For those that can’t live in the City of Steamboat or prefer a slower pace, we have 3 great towns within 30 minutes of town that each have nice quality of life and a strong community, in addition to more affordable housing. It’s also true that anyone living in Routt County can genuinely claim Steamboat as their home because we are one big community that we refer to as Steamboat.
The mountains and the lifestyle are what brings people to Steamboat but it’s the community and our down-to-earth local values that keep us here.
Some people ask if properties are now selling at a discount because everyone that bought during Covid are having to leave in a hurry now. The opposite is true. They are either staying full-time or keeping the properties they bought, so we are not seeing an “Escape back to the City” and thought a few more would. What happened is that nearly everyone that bought was achieving their long-term goal of being here, and was ready to stay or at least keep it and come much more often / longer than they could before.
In regards to Interest rates, they are high but interest rates rise and fall over time. Given that, we are towards the end of the Fed’s tightening cycle to fight inflation, and they may go up a bit more. Then they are likely to start going down, which will give people the opportunity to refinance and likely more than once. You need to be able to afford to purchase a property at the current rates and plan on it if rates stay high, but a lot of smart people believe they will see the opportunity to lower their costs over time just like they did 1-3 times in the last two interest rates cycles.
What we are seeing in our conversations with clients is that inventory is the biggest limiter to sales at these inventory levels. Basically, there is low enough inventory that there are still more than enough people to purchase the current inventory with current rates. When interest rates come down we are likely to see two things:
1) Increased demand which will tend to lower inventory even further and increase prices because people can afford more for the same payment.
2) More people choosing to sell because they are now able to upgrade which will increase both inventory and demand since more people will choose to sell to upgrade and more people will be comfortable buying.
‍—Jon Wade - Broker/Owner
<img src="https://assets.site-static.com/userfiles/1597/image/firsthalfnormal_sf_2023_copy.jpg" alt="Market Update: 2023 First Half Single-Family Homes" />
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Single-Family
The market continues to shift upward for single-family homes price-wise. Of the 10 single-family homes that sold under $1M in the first half of the year, only 5 were in Steamboat Springs. The other 5 were in Toponas, Milner, and Clark. The fewer sales at lower price points also contributed to the increase in the average and median price increases. In 2022, there were 23 total sales under $1M for reference. Additionally, at the top end, we separate out the top 10% of sales to represent the luxury market - which helps to paint the best picture of the 2 distinct markets. In 2022, the highest sale in this segment was $3.15M. There were 6 sales above this in 2023 which means that the prices for Luxury homes in the top 10% of the market also increased.
If you remove the 6 homes above $3.5M in this segment - the average sales price still showed a 4% change vs. last year. This is a good example of the resilience of our market and continuing demand to own a place here. This is good to see given the change in rates and economic uncertainty. Basically, we have very low inventory almost no distressed sellers, and demand similar to 2019 which was a great year just not amazing like the “Great Escape” we described as driving the market during Covid.
Most single-family homes are worth more or at least the same now as the peak in the spring of 2022 with a few exceptions for homes with bigger issues, as many people were willing to take on more challenges to get a home at the peak of the COVID market. People are a step less willing to make big compromises now but are still striving in reasonable ways to get the right home that allows them to be in the Yampa Valley.
<img src="https://assets.site-static.com/userfiles/1597/image/firsthalfluxury_sf_2023_copy.jpg" alt="Market Update: 2023 First Half Luxury Homes" />
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Luxury Single-Family
With only 7 Sales in this segment, the variation in the price point of individual sales can really shift the stats above without being representative of the market. This segment makes more sense to discuss subjectively on what we are seeing when comparing similar homes vs. a year ago. Values are stable to up in this segment depending on the quality of the home and location but nowhere near the increase shown in the average and median prices above. There are just not enough sales to avoid being skewed by what happened to sell vs. a change in the market.
Supply in this part of the market is even more limited than in the rest of the market and demand was there in the first half for several more homes at the same values or a step more as in 2022. The range of sales in 2022 was $3.4M-$7.5M. In 2023 the sales ranged between $4.0M-$9.0M
The 2 homes that sold above the highest sale in 2022 were at $8M & $9M respectively. Both were spectacular homes on very valuable lots. The one for $9M was in Anglers with a big Mountain View. It was built by Guido Constantini who made a bit of splash in Steamboat for a few years before moving on. He added some things we don’t often see like a tower to capture more views and a cavernous living area with very tall ceilings that faces the mountain with a wall of windows. The other one was a Catamount Lake home with 38 acres that overlooks the lake for $8M.
We feel fortunate to have represented the sellers on 2 of the 7 sales in this category.
<img src="https://assets.site-static.com/userfiles/1597/image/firsthalfcondostownhomes_2023_copy.jpg" alt="Market Update: 2023 First Half Condos/Townhomes" />
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Condos & Townhomes
The story in this category is all about inventory, both the amount of inventory and the price points of the units that were available. Here are the inventory numbers for the first 2 quarters individually broken down, followed by what happened. <br /> Q1 2022 - 71 Q2 2022 - 130<br /> Q1 2023 - 72 Q2 2023 - 70
In Q1 of 2022 and 2023, inventory was exceptionally low in the 40-60 unit range which limited sales as there was still fairly strong demand both years.
In Q2 of 2022 and 2023 Inventory was a couple of steps better than the quarter before and almost the same inventory level, but fewer properties were coming on the market and not selling as fast in Q2 2022. Basically in Q2 2022, inventory came on faster and sold faster vs. in Q2 2023 inventory came on slower and sold a little slower.
More inventory came on in June 2023 and has been selling more quickly in July so new contracts have picked up significantly since then.
Average prices were down 13% in 2023 vs. 2022, but the median was only down 2% - so what happened? To start with values in this range are mostly up with some stable and very few down. There was a period in the second half of 2022 that a fair number were down but they have mostly come back.
The lower average prices we see are clearly driven by the lower number of high-end properties available in this segment vs. 2022. In 2023 the highest sale was $3.4M. In 2022 there were 8 sales above this price point which is why the average price is down so far in 2023. If you remove the sales above $3.4M from 2022, there is a 2% decrease year over year which is the same as the median price change. If you look at the value of individual properties, as we do when we're analyzing sales, they are up as we mention above.
Looking at the other end of the spectrum there were 22 sales under $500K in 2023 and 23 sales under $500K in 2022. Almost the identical number of sales under $500K but the $/sf increased 15% in this range. 2022 - $542/sq ft vs. 2023 - $623/sq ft
<img src="https://assets.site-static.com/userfiles/1597/image/firsthalfhayden_2023_copy.jpg" alt="Market Update: 2023 First Half Hayden Real Estate" />
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Hayden
While the number of homes that sold was down there was strong demand for the ones that came on the market and sales were limited by low inventory. One of our favorite things is helping locals succeed and we were able to sell 5 of these 20 homes in Hayden so we have a particularly good sense for the strength of the market there. We love seeing more great improvements in Hayden like the new wine bar in the Granary that make Hayden a great destination for food and drink.
Part of the reason sales volume in $ is up only 5% is that there were no sales above $700K in 2023 vs. 2 in 2022 - partially because fewer options were available in 2023. At the same time the entry level price point has shifted up with 1 sale below $300K vs. 4 in 2022. With the appreciation we have seen in Hayden due to the new school and more restaurants very few homes are worth less than $300K now. When people in Hayden call us about selling their homes we are particularly pleased to see the life changing equity that locals have built up over the last few years.
Similar to Phippsburg/Yampa/Oak Creek this is a segment in which inventory and a few sales or different prices in a smaller market can influence the overall variables dramatically. We are seeing homes that are coming on and priced with the right amount of progress in the market selling quickly. The market in Hayden is performing well and was mostly limited by inventory so far this year. At some point when interest rates start to come down we expect to see both more demand and a step higher inventory and more people are willing to sell and buy the next home that fits.
<img src="https://assets.site-static.com/userfiles/1597/image/new-phipps_yamps_oaks_q1_2023_copy.jpg" width="2000" height="1329" />
Oak Creek/Phippsburg/Yampa
As we mentioned in the overview at the top, homes that are priced well and marketed professionally are selling quickly. The home we helped sell in Oak Creek had a ton of interest, sold quickly and for more than the asking price.
A beautiful home with a tricked out barn and 42 acres for $1.6M outside of Oak Creek contributed quite significantly to the increase in average sales price. Without this sale, the average increase would be a 16% increase instead of 48%. The median is also up 29% because in 2022 11 of 17 sales were under $400K vs in 2023 3 or 9 sales were.
Oak Creek is continuing to be the most popular of the 3 towns in this grouping. In 2023 5 of 9 sales were in Oak Creek and in 2022 11 of 17 sales were in Oak Creek as well. Oak Creek generally has lower to mid-range value homes. Phippsburg and Yampa have more entry-level homes but some higher-end properties on larger parcels.
While the sales volume is down, this segment is smaller in nature. We believe that both the amount of snow this winter reduced supply even further. A few less sales or lower inventory can bring sales down even though the market has remained strong. The biggest limiter is inventory not demand. Homes that are priced and marketed well are selling. We listed 3 of the 9 sales in this area and got our clients great results. If you are interested in learning how we helped these people reach their goals? Send us an email to learn more.
<img src="https://assets.site-static.com/userfiles/1597/image/firsthalfstagecoach_2023_copy.jpg" alt="Market Update: 2023 First Half Stagecoach" />
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Stagecoach
Similar to Oak Creek/Phippsburg/Yampa we believe that both the amount of snow this winter reduced supply even further. A few less sales or lower inventory can bring sales down even though the market has remained strong which is the case here.
The biggest limiter is inventory at the lower and higher end price points. In 2023, there were only 4 properties that sold under $700K vs. 9 properties that sold under $700K in 2022. Additionally, the highest sale in 2023 was $1.3M, in 2022 there were 2 sales - at $1.4M and $2.8M respectively. Without these 2 big sales in 2020, the average sales price would have increased 15% which would be a better indicator of the strength of the market in Stagecoach.
* In Hayden, Stagecoach and Oak Creek/Phippsburg/Yampa we have begun to add in condo and townhomes sales into the average sales prices as more properties of these types have been selling over the past year.
Steamboat Springs Real Estate Market Updates - 2023 First Quarter -
<img src="https://assets.site-static.com/userfiles/1597/image/steamboat-ski-run-banner_1_copy.jpg" width="1356" height="395" /><br />
The spring market in Steamboat is here and is a couple steps more resilient than we expected. While we had a DEEP winter ❄️🥶 the local real estate market didn’t go into the freeze that many expected due to interest rates. The biggest limiter to real estate sales in our market continues to be inventory, followed at a fair distance by the things the news talked about most - like interest rates and the stock market. Demand remains strong by buyers, who are moderated by having only 80-85 residences available in Q1 vs normal of 4-500 (in the low 70’s in April) and a step or two more cautious given interest rates and stock market / economy. The inflation numbers continue to improve and the Fed is expected to raise rates only one more time so we are hoping to see interest rates (which are still around 6%) come down a step or two as we move into summer.
The increase of activity we were seeing in Late December and January continued throughout Q1 and into April. As a result $ Sales improved on a relative basis from what we saw in the 2nd half of 2022 (which was down 36% vs the second half of 2021), to 19% down in Q1 2023 vs Q1 of 2022. While sales are still down, it shows the drop moderating as we transition back to a more normal market where demand is still strong but mostly limited by inventory. To be clear we are not saying nothing has changed from the great relocation we saw during Covid, but the market is still strong compared to what we considered to be strong before Covid. In addition, it is worth pointing out that we are not seeing any exodus of people that bought during Covid based on the people we are talking with.Inventory continues to go down from the still "low" high of 180 units last July and the 358 residence we had in Fall of 2019 before Covid - which we thought was really tight until Covid hit.
Overall Top 7 2023 First Quarter Market Takeaways<br />
1. Prices stabilized late in 2022 with some things down 1-5% from the very peak in Q2 22 but still up strongly the last few years. A few properties with issues that only sold because supply was so low, might be down up to 10%. Conversely most homes are worth about the same to up a little. Luxury SF is up 4-10% for newer homes with the most desirable locations and styles. Condos in the Green zone that allows short term rentals are stable for the most part, but townhomes in the green zone are down 5-8%.
2. We are pleased to see continued buyer demand and resilient values out in the county. During the great recession the rural areas were both first to see declines in value and had the biggest declines in value so seeing them holding strong is a particularly good sign for the market in the Yampa Valley. Further down in this report you will see that average prices in Q1 were up or down depending on the part of the market but most of that is due to how many properties at each price point sold more than a change in values as we explained in each segment. Most other Resorts markets are similar with fairly stable pricing showing the capability and long term outlook of current resort home owners.
3. Buyers are benefiting by some taking more time to see properties that come on, fewer multiple offer situations, that are down to about 25% of new listings, and more negotiation room along with better terms as a result. In some ways it is a tale of 3 markets. Some properties sit for a while if priced incorrectly, some properties generating strong interest as might be ’typical in a traditional market, and some still seeing multiple offers and going under contract for over asking quickly. We are seeing good results for our Buyers negotiation wise on properties that have been on the market for 1-3 months. Buyers that take a thoughtful approach are getting good deals from Sellers who are hoping to move on who haven’t been seeing much activity past the initial showings when they listed. A seller overpricing their property even a little bit in this market give Buyers the opportunity to get a better price than if it had been priced right at the start.
4. Low Inventory is a big challenge - we are seeing even fewer people choosing to sell their properties because they plan to hold them for the long term. There are still virtually no distressed sellers and pre-foreclosure activity continues to be as low as we have seen it. The vast majority of Steamboat property owners do not need to sell because they have a lot of equity and either paid cash or were very highly qualified for their loans given the much higher loan standards since 2009. In addition, the adjustable rate mortgages with very low teaser rates that caught many buyers in the last recession here haven’t been available since then. We are watching both the numbers and our conversations closely neither reveal any distress in our local market.
5. The spring 2021 and 2022 markets were driven by the great migration, low interest rates and a strong stock market. You wouldn’t know from the headlines but we are now in a more moderate but still good market. Looking forward we will likely be comparing what looks to be a more normal spring market in 2023 vs. the influx of great migration the last 2 years so the percentage declines will be significant vs. 2022 yet still comparable other years with good market conditions. The sales comparisons in the second half of 2023 should be more neutral or show a little growth once we are comparing to the more normal market after things downshifted last summer.
6. Barring an unexpected shift caused by a change in international issues we see things continuing to normalize and Buyers will have a good opportunity to achieve their goals despite the low inventory. If the right property comes on they can work with a skilled broker to achieve their goals on reasonable terms. In times of change people tend to look for brokers who truly understand the market and will honestly guide them through it. We will continue to work hard to be ready to give you the pros cons and deeper insights about what is happening in our market you need to make the best decision for you.
7. Steamboat continues to be an amazing place to live and call home even it is only part time for now. People continue to value the experience that being here provides. We all know that markets move up and down and that is important to consider but we recommend that you don’t lose sight of the portfolio of experiences you are building while considering your investment portfolio. Here’s to finding the right balance for you and those that matter most to you.
‍—Jon Wade - Broker/Owner
<img src="https://assets.site-static.com/userfiles/1597/image/normal_sf_2023_copy.jpg" alt="Market Update: 2022 Q4 Single-Family Homes" />
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Single-Family
The market continues to shift upward for single family homes. Of the 5 single family homes that sold under $1M in the first quarter of the year, only 2 were in Steamboat Springs. The other 3 were in Toponas, Milner and Clark. The fewer sales at lower price points also contributed to the increase in the median. Additionally, at the top end, we segment out the top 10% of sales to represent the luxury market - which helps to paint the best picture of 2 distinct markets. In 2022, the highest sale in this segment was $3.45M. There were 2 sales above this in 2023 at $3.9M and $4.5M.
If you remove the 2 homes above $3.5M in this segment - the average sales price showed a 0% change YOY. This is a good example of the stability we are seeing in the Steamboat & Routt County markets which is impressive given the change in rates and economic uncertainty.
Most single family homes are worth about the same now as the peak with a few exceptions for homes with bigger issues that people were willing to take on more challenges to get a home at the peak of the market. People are a step less willing to make big compromises now but are still striving in reasonable ways to get the right home that allows them to be in the Yampa Valley.
<img src="https://assets.site-static.com/userfiles/1597/image/luxury_sf_q1_2023_copy.jpg" alt="Market Update: 2022 Q4 Luxury Homes" />
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Luxury Single-Family
With just 3 sales in this segment in Q1 2023, individual sales are going to really determine a lot of the statistics above without being representative of the market. This segment makes more sense to discuss some of the sales individually and talk more subjectively on what we are seeing when comparing similar homes vs. a year ago. Supply in this part of the market is even more limited than the rest of the market and demand was there in Q1 for several more homes at the same values or a step more as in 2022.
The range of sales in Q1 2022 was $3.5M-$4.6M. In 2023, the 3 sales were all above the highest sale in 2022. Here are the 3 sales prices and a few comments:
125 Little Kit. We sold this spec home with the condition that it be completed by the Buyer. The list price was $6.25M with the final close price defined as the contract price less the budget remaining to complete the home or $6.45M - $1.47M = the close price of $4.98M.
32320 County Road 20 - $5.25M. This home is in the south valley in a great location so the lot contributes much more to the value than the average. It was on the market for a long time due to pricing that didn’t account for the lower quality of the home and a seller that started to build a new home on the parcel then tore out the foundation. Selling at this price given it’s challenges is a fairly positive sign for the market.
1243 Anglers Drive - $9M - This is a very large beautiful home in one of Steamboat’s most desirable neighborhoods that sold for $1,103/sf due to the quality of the lot and very high end finishes moderated by the discount a larger home takes on a $/sf basis. It was built by Guido Constantini who made a bit of splash in Steamboat for a few years before moving on. He added some things we don’t often see like a tower to capture more views and a cavernous living area with very tall ceilings that faced the mountain with a wall of windows.
It’s interesting to note that another home that we listed at 1835 Hunters Drive sold for $4.5M but isn’t included in our market report definition of luxury as the Top 10% of sales because of the lower number of sales we typically see in Q1 and the higher average prices we are seeing. If it and the 2nd highest sale noted in Single Family homes homes were included, the units sold would be the same. This shows how with the small number of homes in this segment 2 less sales that can naturally happen without the market changing can dramatically move the top level stat. This is one big reason that we dig into what is happening in the market on a deeper level vs. just the top level stats for 1-3 categories.
<img src="https://assets.site-static.com/userfiles/1597/image/condostownhomes_q1_2023_copy.jpg" alt="Market Update: 2022 Q4 Townhomes" />
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Condos & Townhomes
Value for any particular condo in the green zone that allows nightly rentals is flat to up slightly while some townhomes are flat and some are down 5-7%. For example, the Eagle Ridge condos that sold in Q1 2023 are still at peak prices while the value of two Eagle Ridge Townhomes in the same location were down. The twist is that the condos were not on the market at the same time so they didn’t have to compete, the townhomes were on at the same time and one had a remodel. The result is that the prices for both townhomes were a bit lower than if they were on one at a time and strangely the remodeled one sold for less than the traditionally styled one that we had listed.
Average sales price was up 4% and the median was up 17%. The reason for this difference is there were actually more sales in the middle of this segment in 2022 (which brought the median up) and there were higher end sales in 2022 which tempered the average sales price from increasing the same 17%.
The sales under $500K were almost identical in number. In 2023, there were 13 sales were under $500k vs. 14 of the sales in 2022 were under $500K. While the number of sales is flat the size of a place you can get for under $500K is getting smaller with five 2 bedrooms sold this year vs. 7 last year and the average size went down 11%.
The primary driver in the increase in the median prices in 2023 was the increase in sales from $500K -$1M. In 2023, 32 of 71 of the sales were between $500k-$1M vs. in 2022 38 of the 71 of the sales were between $500k-$1M.
In 2023, 26 of the sales were over $1M. In 2022, 19 of 71 sales were over $1M. The reason the average did not increase as much as the median was because in 2023 the highest sale was $2.3M. In 2022, there were 3 sales above $2.3M - tempering the average from increasing at a similar rate to the median.
Moving forward we have combined Condos and Townhomes into one category. Buyers are often remarkably neutral between them when presented the choice and their price ranges mostly overlap. What is legally a condo can be a townhome for all practical purposes in Steamboat. While most people think of the difference between condos and townhomes is that townhomes own the land and having a garage, the lines are often blurred, owning the land makes little practical difference outside of duplexes, and they share more in convenience than their differences.
<img src="https://assets.site-static.com/userfiles/1597/image/hayden_2023_copy.jpg" alt="Market Update: 2022 Q4 Hayden Real Estate" />
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Hayden Homes
While the number of homes was down there was strong demand for the ones that came on the market. One of our favorite things is helping locals succeed and we were able to sell 4 of the last 8 homes in Hayden so we have a particularly good sense for the strength of the market there. Part of the reason sales volume in $ is down is that there were no sales above $700K in 2023 vs. 2 in 2022 because none were available in 2023. At the same time the entry level price point has shifted up with no sales below $300K. With the appreciation we have seen in Hayden due to the new school and more restaurants very few homes are worth less than $300K. When people in Hayden call us about selling their homes we are particularly pleased to see the life changing equity that long term locals have built up over the last few years.
Similar to Phippsburg/Yampa/Oak Creek this is a segment in which inventory and a few sales in a smaller market can influence the overall variables dramatically. Anecdotally, we just listed (and went under contract) with a home in Hayden in less than 3 days. We are seeing homes that are coming on and priced with the right amount of progress in the market selling quickly.
<img src="https://assets.site-static.com/userfiles/1597/image/phipps_yamps_oaks_q1_2023_copy.jpg" alt="Market Update: 2022 Q4 Phippsburg /Yampa/Oak Creek Homes" />
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Phippsburg /Yampa/Oak Creek Homes
We feel fortunate to have had the opportunity to have helped 2 of the 3 individuals in the Oak Creek & Phippsburg get their homes sold in the first quarter of 2023. As mentioned in the overview at the top, homes that are priced well and marketed professionally are selling quickly. The home we helped sell in Oak Creek had a ton of interest and sold quickly and for more than asking price in this market.
We are pleased to see continued buyer demand and resilient values out in the county. During the great recession the rural areas were both first to see declines in value and had the biggest declines in value so seeing them holding strong is a particularly good sign for the market in the Yampa Valley.
Oak Creek is continuing to be the most popular of the 3 towns in this grouping. In 2022, 22 of 34 sales were in Oak Creek and in 2021, 26 of 45 sales were in Oak Creek as well. Oak Creek generally has lower to mid-range value homes. Phippsburg and Yampa have more entry level homes but some higher end properties on larger parcels.
While the sales volume is down, this segment is smaller in nature. We believe that both the amount of snow this winter reduced supply even further. A few less sales or lower inventory can bring sales down even though the market has remained strong which is the case here. The biggest limiter is inventory not demand. Homes that are priced and marketed well are selling. If you are interested in learning how we helped these people reach their goals? Send us an email to learn more.
<img src="https://assets.site-static.com/userfiles/1597/image/stagecoach_q1_2023_copy.jpg" alt="Market Update: 2022 Q4 Stagecoach" />
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Stagecoach
In Hayden, Stagecoach and Oak Creek/Phippsburg/Yampa we have begun to add in condo and townhomes sales into the average sales prices as more properties of these types have been selling over the past year.
Similar to Oak Creek/Phippsburg/Yampa we believe that both the amount of snow this winter reduced supply even further. A few less sales or lower inventory can bring sales down even though the market has remained strong which is the case here. The biggest limiter is inventory not demand. There was only 1 single family home that sold in this segment in 2023 vs 5 in 2022. Additionally, 2 of these homes were over $1.1M and the only single family home that sold in 2023 was $700K.
Steamboat Springs Real Estate Market Updates - 2022 End of Year -
Overall Top 7 2022 Market Takeaways<br /> <img src="https://assets.site-static.com/userfiles/1597/image/steamboat-ski-run-banner.jpg" width="1356" height="395" /><br /><br />
1. Dollar Sales volume in was down 22% in 2022 vs. 2021. This isn't a surprise given all of the headwinds the market has seen in the last 9 months yet people are still considering the environment then moving forward and our market is proving to be resilient. For perspective 2022 was the 3rd best year ever sales wise behind 2021 and 2007. 2022 was up 2% vs. 2020 which was an exceptionally strong year. The sky is not falling we are just returning to more normal market negotiations, contingencies, time on market and conditions after Covid. There are definitely challenges but thoughtful people planning for the long term still value being here more than before Covid and are acting accordingly.
<img src="https://assets.site-static.com/userfiles/1597/image/2022-steamboat-spring-monthly-sales-volume-real-estate.png" alt="Steamboat Springs Real Estate Market - 2022 Monthly Data" />
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2. The second half of 2022 was down 36% but up 22% from 2019 which was a great year. At The Steamboat Group, we helped clients carefully understand the market in the context of their long term goals, what options are a fit and helped them to make educated, long-term decisions. As a result, of our consultative approach and adding even more value for our sellers, we were the only top 3 brokerage in Steamboat whose sales volume increased. The others were down in the same range as the market.
3. That said we are seeing even fewer people choosing to sell their properties because they plan to hold them for the long term. We still haven’t seen a distressed seller and pre-foreclosure activity is as low as we have seen it. The vast majority of Steamboat property owners do not need to sell because they have a lot of equity and either paid cash or were very highly qualified for their loans given the much higher loan standards since 2009. In addition the adjustable rate mortgages with very low teaser rates that caught many buyers in the last recession here haven’t been available since then. We are watching both the numbers and our conversations closely, neither reveal any distress in our local market. That doesn’t mean values haven’t adjusted a bit but much less than some hope for or believe. Deals are happening in the 0-5% off list price for properly priced properties. Maybe up to 10% off of list price with anything above 5% representing either overpriced properties or properties with issues that Buyers may have chosen to deal with before yet are less likely to now without a lower price.
4. Looking back at sales and average values vs. the previous year will be harder in the spring because we will be looking back at when inventory was in the 39-80 unit range which we got down to for only 4-5 months and there were multiple offers on most properties. For now average prices for 2022 are up in most segments of our market vs. 2021 but likely a step or two lower than spring of 2022 since multiple offers are still happening but not the majority of the time. We have been in the low 120-130’s of residential inventory in Routt County for 3-4 months now which is 3 months compared to the classic definition of a balanced market at 6 months. Looking back prices were increasing when our market had 15 months of inventory in early 2014. High Inventory above 800-1,000 units is what it took in the Great Recession to see significant price declines. Basically low inventory and little if any distress for sellers is one more sign our market is showing resilience.
5. The spring 2021 and 2022 markets were driven by the great migration, low interest rates and a strong stock market. You wouldn’t know from the headlines (that are almost always much more dramatic than the article that follows) but we are now in a more moderate but still good winter market where smart people who have studied the market that are thoughtfully realizing their long term goals in Steamboat after taking a deep look. Looking forward we will likely be comparing what looks to be a more normal spring market in 2023 vs. the influx of great migration the last 2 years so the percentage declines will be significant vs. 2022 yet still comparable other years with good market conditions.
6. What the news has done is put us in a market where buyers don’t have to jump the first week most of of the time and can have more leverage when placing offers to get reasonable terms and often a moderate discount on price. There are still a fair amount of quick contracts and multiple offers for a desirable property that is priced to reflect the current market. We are happy to give you more perspective on what we are seeing out there in general or for a particular type of property for you to consider as you work to make the best decision for you.
7.Barring an unexpected shift caused by a change in international issues, we see things continuing to normalize and Buyers will have a good opportunity to achieve their goals despite the low inventory. If the right property comes on they can work with a skilled broker to achieve their goals on reasonable terms. In times of change people tend to look for brokers who truly understand the market and will honestly guide them through it. We will continue to work hard to be ready to give you the pros, cons, and deeper insights about what is happening in our market you need to make the best decision for you.
‍—Jon Wade - Broker/Owner
<img src="https://assets.site-static.com/userfiles/1597/image/normal_market_stats_sf_2022.jpg" alt="Market Update: 2022 Q4 Single-Family Homes" />
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Single-Family
The value of most individual homes has increased 5-10% in the last year but is a step or two lower than it was in the spring of 2022 as we explain in item 4 above.
The increase in the average sales price in 2022 was helped by shifts in the number of entry level and high-end homes sold. Two of these shifts included 43% less sales under $700K (30 in 2021, 17 in 2022) and 111% more sales above $3M (9 in 2021, 19 in 2022).
The middle of the market ($1-3M) was pretty steady year over year. In 2022, 48% (98 of 205) of homes that sold were between $1-$2M vs. in 2021, 44% (118 of 268) of the homes that sold were between $1-$2M. In 2022, 19% (38 of 205) of homes that sold were between $2-$3M vs. in 2021, 22% (58 of 268) of the homes that sold were between $2-$3M.
Interestingly, there were 8 manufactured homes in 2022 that sold vs. 2 in 2021. This moderated the increase in average price by 3% The change without the manufactured homes would have been an increase in 13% year over year.
See Luxury Single Family Homes below for how the top 10% of the market (by units) is doing, so a few luxury sales don’t distort what is happening in the core of the market.
<img src="https://assets.site-static.com/userfiles/1597/image/market_stats_luxury_sf_2022_copy.jpg" alt="Market Update: 2022 Q4 Luxury Homes" />
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Luxury Single-Family
This segment includes the top 10% of sales and has shifted up as the market has appreciated. In addition, more higher-end homes are being built on very expensive land now which also pulls up the top of the market. Looking at these separately gives us better insight into both the luxury and traditional single-family home markets
In 2022, 52% (12 of 23) of the sales were between $5-7.5M vs only 27% in 2021 (8 of 30). This was the primary driver in the increase in the median price point in this segment (and the average).
The average price is up not only because of the increased percentage of homes in the $5-7.5M range, but also 2022 saw the highest sale in the past 2 years in single family homes. In 2022 there was one sale of a luxury ranch home on the elk river for $13.2M vs. in 2021 there were 3 sales between $10-$11.5M.
<img src="https://assets.site-static.com/userfiles/1597/image/townhomes_market_stats_2022.jpg" alt="Market Update: 2022 Q4 Townhomes" />
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Townhomes
The three biggest themes for townhomes are: even lower inventory than the rest of the market, the upward shift in the entry-level segment of this market, and the significant increase in townhomes sales over $2M. That said the impact of some townhomes sales in 2021 that were priced a year or two earlier did push up the percentage appreciation higher (see the last bullet point)
The increase in the average sales price reflects the lack of inventory, increased demand, and the construction of higher end townhomes that are selling at higher price points (around $2-4M).
Given the high demand and the cost of homes, the prices of townhomes are increasing with many moving above the traditional entry to mid-level price points. In 2022, 4% (5 of 128) of the sales were below $450K vs. in 2021, 22% (44 of 203) of the sales were below $450K. Many people have done beautiful remodels in this price range compared to a year ago, thus raising the average sales prices from when most were original or just modestly remodeled.
Even with a 37% decrease in the number of units sold, year over year there were actually more units sold over $1M in 2022 vs 2021 (86 in 2022, 85 in 2021). In percentages of the sales this looks like 67% (86/128) in 2022 above $1M vs. 42% (85 of 203) above $1M in 2021.
Any individual townhome likely increased anywhere from 15-20% in value in the last year.
A year ago we saw several closings for new townhomes at the base of Hilltop Parkway and Urban Way where the price was set 1-2 years earlier. As such, it was lower than it would have been listed for and sold in 60 days. This made the average appreciation a few steps higher than if they had closed at what they were worth a year ago. Basically those townhomes already had a year or two of appreciation beyond the prices individuals paid when they closed a year ago. This made the average appreciation higher this year.
<img src="https://assets.site-static.com/userfiles/1597/image/condos_market_stats_2022_copy.jpg" alt="Market Update: 2022 Q4 Condos in Steamboat " />
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Condos
As in some other parts of the market, the shift in the balance between different price points tells an interesting story that the shift in the average and median price do not.
In 2022, only 15% (35 of 239) of the sales were under $500k vs. 37% (138 of 373) of the sales in 2021 were under $500K.
In 2022, 61% (146 of 239) of the sales were between $500k-$1M vs. in 2021 47% (177 of 373) of the sales were between $500k-$1M. Since most condos in Steamboat are now worth more than $500K, the proportion of sales in this price range has continued to increase.
In 2022, 24% (58 of 239) of the sales were above $1M vs in 2021, 17% (56 of 373) of the sales were above $1M as demand has increased. Additionally, in both 2022 and 2021, the average sales price of condos above $1M was $1.8M both years.
The biggest shift was in the lower price point up into the middle segment as VERY few condos are available under $500K.
Demand in this part of the market has been particularly strong as more people look to get a place in Steamboat. For many it is serving as an opportunity to get a foot in the door and most of the condos sold are in the green zone (allowing short term rentals by right), which we expect to be a positive for them over time. We should qualify that the 9% STR tax may have a detrimental effect on rentals for some period of time so we are curious to see how this develops over the next couple of years. Give us a call if you would like to discuss some scenarios on how this may play out.
<img src="https://assets.site-static.com/userfiles/1597/image/hayden_market_stats_2022.jpg" alt="Market Update: 2022 Q4 Hayden Real Estate" />
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Hayden Homes
Similar to many other segments, the decrease in the number of sales was primarily due to a decrease in inventory. Homes that are coming on the market that are priced right are selling in a reasonable time.
Similar to other segments - there are less properties available at lower price points. In 2022, only 33% (15 of 46) homes sold were under $400K vs. in 2021, 42% (35 of 84) homes sold were under $400K.
There was a higher percent of units sold over $500K in 2022 vs 2021. In 2022, 35% (16 of 46) in 2022 above $500K vs. 20% (17 of 85) above $500K in 2021.
We love seeing Hayden continue to blossom as the new school brings more families, the coffee shop and brewery bring more charm & more people hang out downtown. People are enjoying the slower pace, deeper connections, and charm of small town living. This is very exciting to see and we hear that the new Francosi’s with dinner and cocktails is already a great addition.
<img src="https://assets.site-static.com/userfiles/1597/image/phipps_yamps_oak_market_stats_2022_eoy.jpg" alt="Market Update: 2022 Q4 Phippsburg /Yampa/Oak Creek Homes" />
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Phippsburg /Yampa/Oak Creek Homes
People are both seeking the charm of our rural towns and their affordability. We are seeing locals move further out for more value and people continue to value the beauty of living in the country.
To be clear, the value of any individual home in this area has not gone down from a year ago. Small changes in the price point of the particular homes that sold have large effects on the overall numbers in this segment. In 2022, the highest sale was $1.2M, driven by more mid-range homes being available and fewer higher-end homes. In 2021, there were 3 sales above $1M, with the first at $1.2M and the other at $2.95M.
Oak Creek is continuing to be the most popular of the 3 towns in this grouping. In 2022, 22 of 34 sales were in Oak Creek and in 2021, 26 of 45 sales were in Oak Creek as well. Oak Creek generally has lower to mid-range value homes. Phippsburg and Yampa have more entry level homes but some higher end properties on larger parcels.
We love seeing the restaurant scene in Oak Creek continue to increase in quality and quantity. Our group always looks for a chance to stop for a bite to eat when we are out that way. We would be remiss if we didn’t mention the Antlers restaurant and bar in Yampa, which is the perfect spot for dinner after a scenic drive bike ride or hunting trip. It is also exciting to see Oak Creek working on a new greenway trail through town. The sense of community in this area is very strong and draws many people.
<img src="https://assets.site-static.com/userfiles/1597/image/stagecoach_market_stats_2022.jpg" alt="Market Update: 2022 Q4 Stagecoach" />
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Stagecoach
As Steamboat Springs home prices continue to increase we expect Stagecoach will continue to be an active market, and see more $700K+ sales. We love Stagecoach for its access to great recreation at the reservoir, fishing in the public tailwaters, and access to trails in the National Forest.
As market segments shift, we are constantly looking at the sales data to better represent what is occurring in each segment. This is the first time we are including townhomes in the stagecoach segment and we did include them in the 2021 numbers
In 2022, 37% (17 of 46) of the sales were townhomes - all of these sales were under $580K. In 2021, 24% (12 of 49) of the sales were townhomes, all under $450K. As home prices increase in Stagecoach, we anticipate townhomes in this area to increase in popularity, similar to Steamboat townhomes. For now, these are all included in one segment for Stagecoach.
The average price growth in this segment of the market was due to an increase in the price points of the individual homes sold. In 2022, 23 of 46 (50%) of homes that sold between $700K-$1M. In 2021, 16 of 49 (33%) of homes in this segment that sold between $700K-$1M.
All around Routt county people are both seeking the charm of our rural areas and their relative affordability. We are seeing locals who own in Steamboat move further out to recreate on land in some form for a slower pace than Steamboat. Like we have seen for at least 20 years, people are also continuing to move out to these areas for more value. Luminate Broadband and Zirkel Wireless continue to bring gigabit internet to rural areas which is a plus.
Steamboat Springs December 2022 Real Estate Market Updates
Steamboat Springs Market Update: 2022 December Market Report
Whats Going on Top Level in Routt County
<img src="https://assets.site-static.com/userfiles/1597/image/sales-volume-by-month-november.jpg" width="1702" height="842" />
As 2022 winds down its a good time to both reflect and look forward. We hope that you have had a great year and have made the most of your time outside in Steamboat. Here are our Top 7 things to know about the Steamboat Real Estate market. Let us know if you have questions even if you are just curious.
Top 7 Takeaways
1) Sales volume is down 20% YTD vs 2021. This isn't a surprise given all of the headwinds the market has seen in the last 9 months yet our market is proving to be resilient. For perspective it is still on track to be the 3rd best year ever sales wise. The sky is not falling we are just returning to more normal market timing, negotiations and conditions after Covid. There are some challenges but thoughtful people planning for the long term still value being here more than before Covid and are acting accordingly.
2) Average sales price in November 2022 was up 30% vs November 2021 ($989,397 vs $761,023). YTD the average sales price in 2022 was up 19% vs YTD 2021 ($1,016,711 vs $852,815). The value of any particular property has taken a step back to reflect the impact of interest rates and the pull back of the stock market.
3) That said we are still seeing even fewer people choosing to sell their properties because they plan to hold them for the long term. They do not need to sell because they have a lot of equity and either paid cash or were very highly qualified for their loans given the much higher loan standards since 2009. We are watching both the numbers and our conversations closely, neither reveal any distress in our local market. That doesn’t mean values haven’t adjusted a bit but much less than some want or believe. Deals are happening in the 5 or maybe 10% off of list price range with the higher end of that scale representing either overpriced properties or properties with issues.
4) The compares in sales and average values will be harder in the spring because we will be looking back at when inventory was in the 39-80 unit range which we got down to for only 4-5 months.We are currently in the low 120’s of inventory for residences in Routt County which was unimaginably low until the last year. Basically low inventory and little if any distress for sellers makes our market resilient.
5) The spring 2021 and 2022 markets combined both the great migration and low interest rates. You wouldn’t know from the headlines (that are almost always much more drastic than the article that follows) but we are now in a more moderate but still good winter market where smart people who have studied the market that are thoughtfully realizing their long term goals in Steamboat. Looking forward we will likely be comparing what looks to be a more normal spring market in 2023 vs. the influx of great migration the last 2 years.
6) What the news has done is put us in a market where buyers don’t have to jump the first week most of of the time and can have more leverage when placing offers to get reasonable terms and a moderate discount on price. That said there are still a fair amount of quick contracts and multiple offers for a desirable property that is priced to reflect the current market. We are happy to give you more perspective on what we are seeing out there in general or for a particular type of property for you to consider as you work to make the best decision for you.
7) Barring a big new bump caused by a big new international issue we see things continuing to normalize and Buyers will have a good opportunity to achieve their goals despite the low inventory. If the right property comes on they can work with a skilled broker broker to achieve their goals on reasonable terms. In times of change people tend to gravitate to brokers who truly understand the market and will honestly guide them through it.
Given the desirability of our local lifestyle and the long term undersupply of properties we believe that real estate Steamboat is a good long term asset especially if you value where you spend you time. Do you think that as many people will want to be here in 10 years given the options? We can’t predict if years 1, 7 or 9 are good but I have only seen an increasing desire of people to be here since I started in real estate here 18 years ago and started coming here a lot 36 years ago so I believe the future is still bright. Let’s talk if you would like to know more.
Share your fears and dreams and we will give you a list and pros and cons to consider so you can wait if you think that is best or thoughtfully look for the right home so you can start enjoying it of the long term.
‍—Jon Wade - Broker/Owner
Steamboat Springs November 2022 Real Estate Market Updates
Steamboat Springs Market Update: 2022 November Market Report
Whats Going on Top Level in November in Routt County
<img src="https://assets.site-static.com/userfiles/1597/image/Screenshot_2022-11-10_at_5.44.44_PM.png" width="1702" height="842" />
As you know the market is shifting. There is uncertainty in the economy, inflation, and interest rates. However, this is balanced by resiliency in our market, homeowners who are not distressed, equity is high, the loans were well qualified, and the long-term appeal of owning in Steamboat. We are seeing good indications of the resiliency of home values. This combination gives us a good market for both buyers and sellers but read on for the details so you can decide what is best for you.
We took this opportunity to compare what is going on in Routt County (the numbers below include all transactions in the MLS including land, commercial, residential etc.) We save the more detailed breakouts for our quarterly reports. See below for comparisons between October 2022 and 2021 as well as October 2019. Why? We want to compare to last year because it is the most recent and adding in 2019 gives us perspective to how it compares to the pre-covid market.
2019 was a strong market. With 398 homes available on average, it gave buyers the opportunity to look for homes that matched their goals while homes that were priced competitively sold relatively quickly. The market was strong then for the time but inventory was the lowest we had seen in 20 years. By comparing to another year in addition to 2021, it allows us to look at things in a broader scope. The great relocation market of the past 2 years can make changes look dramatic without an in-depth explanation and the perspective that 2019 was a very strong market.
October 2022 vs October 2021
A 52% decrease in sales volume. October 2022 vs 2021 which was the highest sales volume month in over 10 years $191M in ’21 vs. $97M in ’22)
A 0% change in average sales price ($1,164,324 in 2022 vs $1,166,034 in 2021). Not what you would conclude by reading the news ...
A 17% increase in median sales price ($601,000 in 2022 vs $513,300 in 2021). This takes out the effect of a few higher or lower end sales to give us a better sense of what is happening for the typical sales price.
A 13% increase in average inventory (152 in 2022 vs. 135 in 2021)
YTD 2022 vs. 2021
A 14% decrease YTD in total sales volume ($932M in 2022 vs 1.1B in 2021)
A 32% decrease YTD in total units sold (1,010 units in 2022 vs 1,480 units in 2021)
A 26% increase YTD in average sales price ($923K in 2022 vs $732K in 2021) - Basically the average was higher in the spring but has appreciated vs. 2021.
A 34% increase YTD in median sales price ($670K in 2022 vs $499K in 2021)
What do these numbers mean?
There is a large decrease in sales volume. Some of this can be contributed to the higher interest rates and people’s desire to see what happens yet many people are moving forward after considering all that is going on and weighing their overall goals. October last year was the highest single month sales volume for the past 5 years. Looking at any 1 statistic in isolation could transform the story of where the market is.
The average sales price year over year is stable. For the month of October there was 0% change. It's encouraging to see that the median sales price was up 17% vs 2021, and 34% year over year.
There is a slight increase in average active listings on the market vs last year. Last year was particularly low in terms of inventory.
October 2022 vs October 2019
A 14% increase in sales volume (comparing October 2022 $97M in ’22 vs October 2019 $85M)
A 71% increase in average sales price ($1,164,324 in 2022 vs $679,913 in 2019)
A 45% increase in median sales price ($601,000 in 2022 vs $415,000 in 2019)
A 62% decrease in average active listings (152 in 2022 vs 398 in 2019)
YTD 2022 vs. 2019
A 85% increase YTD in total sales volume ($932M in 2022 vs 504M in 2019)
A 7% decrease YTD in total units sold (1,010 units in 2022 vs 948 units in 2019)
A 74% increase YTD in average sales price ($923K in 2022 vs $532K in 2019)
A 60% increase YTD in median sales price ($670K in 2022 vs $420K in 2021)
What do these numbers mean?
In the past 3 years we have had an 85% increase YTD in sales volume ($932M in 2022 vs $504M in 2019). And comparing to 2019 is not comparing to an outlier year. In 2017, through the end of October sales volume was $517M and in 2018 through the end of October sales volume was $528M. Total sales volume has increased dramatically even post Covid with high interest rates etc.
<img src="https://assets.site-static.com/userfiles/1597/image/Screenshot_2022-11-10_at_5.44.53_PM.png" width="1708" height="464" />
For inventory we focus on residential listings to have the cleanest number. There has been a 62% decrease in the number of active units of homes on the market since 2019 or conversely there were 2.6 times as many residences on the market in 2019 as there were last month. Having low inventory helps the market to be more stable in times of change and this is very low inventory.
Overall Takeaways
Average sales price YTD is up 26% vs. 2021 and up 74% compared to 3 years ago. YTD sales volume is up 85% from 3 years ago. Inventory is down 62% compared to 3 years ago. Buyers have slightly more options than they did 1 year ago, but still significantly less than they did 3 years ago. To compare only to 2021 and only to October’s decrease in sales volume would be a small snapshot of a larger story of what is really occurring in the market. The value of individual properties are up dramatically over three years, and holding (0% change in October with the median up 17%). They are lower than this spring but showing a lot of resilience due to the good foundation our market is on.
Prices may decrease from this level, but we believe that with the quality of life in Steamboat and people’s desire to be here more the long term outlook is most likely to be good.
‍—Jon Wade - Broker/Owner
Steamboat Springs 2022 Real Estate Market Updates
Steamboat Springs Market Update: 2022 Third Quarter Report
It’s not 2021 anymore so where are we?
There is uncertainty in the economy, inflation/interest rates - balanced by resiliency in our market, homeowners who are not distressed, high equity, and the long-term appeal of owning in Steamboat. This combination gives us a good market for both buyers and sellers.
As you know we are in uncertain times but people are taking a long-term view. When is there no uncertainty about the future? Do you think the 10-year outlook for Real Estate in Steamboat is good? Are people's reasons to be here getting stronger or weaker? The people we are talking to are considering the challenges but see a good future. We often say there are good reasons to believe real estate here will perform well over the next ten years but we don’t know if years 1, 7 or 9 will be good.
What do we mean by this? We all know that markets go up and down but do you think more or less people will want the Steamboat lifestyle over time? We encourage you to get informed, ask lots of questions, think about the pros and cons, then make the best decision for you.
Are we seeing a return to normalcy?
More normal negotiation on price, terms, & timing. Plus more time to see a property.
Sales volume is down 9% for Q1-Q3 for residential property in 2022 when compared to Q1-Q3 from an amazing year in 2021 as the market moderates but still 66% higher than 2019 with 1/3 of the inventory we had in 2019.
Days on Market were 25 at the end of Q3 vs. 97 in August 2019 before Covid which was a very good market at the time.
There are clearly economic challenges right now but people still want to be in Steamboat.
Even as the market moderates and average prices still increased nicely in most segments both so far this year compared to a year ago, as well as when looking at just Q3. With inventory remaining low, this shows that people continue to value having a place in Steamboat and that the people that own in Steamboat are on a solid foundation. It’s very different than 2008 when there was a lot of speculation, marginal loans and other risk factors. People that have been buying since then, including the last two years, plan to use their place here for the long term and are well qualified to purchase it.
In talking to title companies over the last month, we learned that loans are now involved in approx. 80% of purchases. This is a bit counterintuitive given increasing interest rates but it does make sense as we see buyers working to purchase before rates go higher. Looking further out Fannie Mae which insures most mortgages is currently predicting that rates will be back down to the mid 4%’s in the next 1-2 years so some local lenders see the opportunity to lock in the right property now before rates go higher and then refinance in 1-2 years. Don’t count on that to afford your mortgage but it is not a big leap to connect the widely held view on Wall Street that the Fed will overshoot in fighting inflation then need to lower rates to strengthen the economy in the not too distant future.
Will prices in Steamboat go down? It is a scenario worth considering, but it’s hard to see inventory going up to around 1,000 residences like the last time prices went down. Will we see lots of people needing to sell when cash purchases have been over 45% for at least 7 years and loan standards have been high since 2009? It could happen and were are not saying it won’t, but consider that ~70% of professional investors don’t beat the stock market - it is more important to time your home in Steamboat or get here sooner to enjoy your life and the people that make it special in your favorite town.
<img src="https://assets.site-static.com/userfiles/1597/image/active-properties_copy.jpg" width="758" height="532" />
Inventory is up but still very similar to Summer 2021 a very strong sellers market.
A balanced market is considered to be 6 months of supply vs the 3 months we have now.
The interesting thing is that Buyers have more time to see properties and more favorable due diligence terms/contingencies, negotiate a bit which are benefits of a balanced market.
Sellers are still getting great prices if they are in tune with the market in exchange for giving buyers more comfortable terms and not expecting big progress from the last sale.
Overall people still have life-based reasons to sell or purchase a home and are finding common ground that is good for both.
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We thought it would be valuable to look at year-to-date $ Sales for the last 5 years to put things in perspective.
2018 and 2019 were excellent markets we would be happy to see every year.
Covid put the market on hold in late march 2020 and Q2 that year was slow.
New contracts kicked up in June 2020 and then in July people accelerated their long-term goals to be in Steamboat as Covid gave them more freedom to be where they want to be more or full-time.
2021 was an exceptional year so it is comforting to us to see 2022 be within 9% even with the current challenges.
We did see more of a dip in Q3 which was down 26% vs. the exceptionally high year ago compare but still 66% higher than 2019 with 1/3 of the inventory we had in 2019.
Even in these uncertain times, thoughtful people are still seeing the long-term value of owning in Steamboat.
‍—Jon Wade - Broker/Owner
<img src="https://assets.site-static.com/userfiles/1597/image/non_luxury_sf_q3_copy.jpg" alt="Market Update: 2022 Q3 Single-Family Homes" />
Single-Family
The increase in the average sales price in Q3 2022 was primarily due to shifts in the number of entry level and high end homes sold. Two of these shifts included 25% less sales under $650K (16 in 2021, 12 in 2022) and 83% more sales above $3M (6 in 2021, 11 in 2022).
The middle of the market ($1-3M) was pretty steady year over year. In 2022, 48% (79/165) of homes that sold were between $1-$2M vs. in 2021, 44% (89/201) of the homes that sold were between $1-$2M. In 2022, 20% (33/165) of homes that sold were between $2-$3M vs. in 2021, 23% (46/201) of the homes that sold were between $2-$3M. These relatively similar values mostly offset each other.
Interestingly, there were 6 manufactured homes in 2022 that sold for under $630K vs 0 in 2021. This moderated the increase in average price by 3% The change without the manufactured homes would have been an increase in 10% year over year.
The value of most individual homes has increased 5-10% in the last year.
We wondered how prices held up from Q3 2021 vs Q3 2022 and were pleased to see that the 2022 average price of single family homes was up
Total Sales Volume - $100M in 2022 (26% decrease from Q3 2021)
Average Sales Price - $1.6M (12% increase from Q3 2021). Median Sales Price - $1.6M (24% increase from Q3 2021) which is higher than we saw in the first half.
Units Sold - 61 (34% decrease from Q3 2021)
See Luxury Single Family Homes below for how the top 10% of the market (by units) is doing, so a few luxury sales don’t distort what is happening in the core of the market.
<img src="https://assets.site-static.com/userfiles/1597/image/luxury_sf_q3_copy.jpg" alt="Market Update: 2022 Q3 Luxury Homes" />
Luxury Single-Family
This segment includes the top 10% of sales and has shifted up as the market has appreciated. In addition, more higher-end homes are being built now which also pulls up the top of the market. Looking at these separately gives us better insight into both the luxury and traditional single-family home markets
One of the biggest changes year over year is that in 2022, there have been 9 sales between $5-7.5M. In 2021, there were only 4 sales in this price point. This was the primary driver in the increase in the median price point in this segment. The average price is down 2% because in 2022 there were no sales above $7.5M vs. in 2021 there were 3 sales above $10M for homes on land that was worth half what the home was vs.10-25% normally.
Because the luxury home market is so influenced by individual sales - we are not breaking down Q3 vs Q3 last year as there would be only a few sales in each year. With how specialized these homes are doesn't really provide any insights into the changes year over year for an isolated quarter.
<img src="https://assets.site-static.com/userfiles/1597/image/townhomes_market_stats_q3_copy.jpg" alt="Market Update: 2021 Q4 Townhomes" />
Townhomes
The three biggest themes for townhomes are: even lower inventory than the rest of the market, the upward shift in the entry-level segment of this market, and the significant increase in townhomes sales over $2M. That said the impact of some townhomes sales in 2021 that were priced a year or two earlier did push up the percentage appreciation higher (see the last bullet point)
The increase in the average sales price reflects the lack of inventory, increased demand, and the construction of higher end townhomes that are selling at higher price points (around $2-4M).
Given the high demand and the cost of homes, the prices of townhomes are increasing with many moving above the traditional entry to mid-level price points. In 2022, 2% (2/97) of the sales were below $450K vs. in 2021, 25% (36/145) of the sales were below $450K. Many people have done beautiful remodels in this price range compared to a year ago, thus raising the average sales prices from when most were original or just modestly remodeled.
Even with a 33% decrease in the number of units sold, year over year there were actually more units sold over $1M in 2022 vs 2021 (65 in 2022, 57 in 2021). In percentages of the sales this looks like 67% (65/97) in 2022 above $1M vs. 39% (57/145) above $1M in 2021.
Any individual townhome likely increased anywhere from 15-25% in value in the last year.
We wondered how prices held up from Q3 2021 vs Q3 2022 and were pleased to see that the 2022 average price of townhomes was up
Total Sales Volume - $50M in 2022 (1.4% increase from Q3 2021)
Average Sales Price - $1.4M (30% increase from Q3 2021), Median Sales Price - $1.1M (24% increase from Q3 2021). Still good performance as the market moderates
Units Sold - 36 (21% decrease from Q3 2021)
A year ago we saw several closings for new townhomes at the base of Hilltop Parkway and Urban Way where the price was set 1-2 years earlier. As such, it was lower than it would have been listed for and sold in 60 days. This made the average appreciation a few steps higher than if they had closed at what they were worth a year ago. Basically those townhomes already had a year or two of appreciation beyond the prices individuals paid when they closed a year ago. This made the average appreciation higher this year.
<img src="https://assets.site-static.com/userfiles/1597/image/condos_q3_copy.jpg" alt="Market Update: 2022 Q3 Condos in Steamboat " />
Condos
As in some other parts of the market, the shift in the balance between different price points tells an interesting story that the shift in the average and median price do not.
In 2022 only 14% (29/205) of the sales were under $500k vs. 36% (101/281) of the sales in 2021 were under $500K.
In 2022 61% (126/205) of the sales were between $500k-$1M vs. in 2021 47% (133/281) of the sales were between $400k-$1M. Since most condos in Steamboat are now worth more than $500K, the proportion of sales in this price range has continued to increase.
In 2022, 24% (50/205) of the sales were above $1M vs in 2021, 17% (47/281) of the sales were above $1M as demand has increased. Additionally, in both 2022 and 2021, the average sales price of condos above $1M was $1.8M both years.
The biggest shift was in the lower price point up into the middle segment as VERY few condos are available under $500K.
We wondered how prices held up from Q3 2021 vs Q3 2022 and were pleased to see that the 2022 average price of condos was up
Total Sales Volume - $57M in 2022 (23% decrease from Q3 2021)
Average Sales Price - $906K (17% increase from Q3 2021). Median Sales Price - $725K (16% increase from Q3 2021) showing moderation from the 1st half but still showing good progress in the last year.
Units Sold - 63 (34% decrease from Q3 2021)
Demand in this part of the market has been particularly strong as more people look to get a place in Steamboat. For many it is serving as an opportunity to get a foot in the door and most of the condos sold are in the green zone (allowing short term rentals by right), which we expect to be a positive for them over time. We should qualify that the 9% STR tax may have a detrimental effect on rentals for some period of time so we are curious to see how this develops over the next couple of years. Give us a call if you would like to discuss some scenarios on how this may play out.
<img src="https://assets.site-static.com/userfiles/1597/image/hayden_market_stats_q3-good.jpg" alt="Market Update: 2022 Q3 Hayden Real Estate" />
Hayden Homes
Similar to many other segments, the decrease in the number of sales was primarily due to a decrease in inventory. Homes that are coming on the market that are priced right are selling in a reasonable time.
Similar to other segments - there are less properties available at lower price points. In 2022, only 31% (12/39) homes sold were under $400K vs. in 2021, 46% (30/365) homes sold were under $400K.
Even with a 40% decrease in the number of units sold, year over year there were actually more units sold over $500K in 2022 vs 2021 (15 in 2022, 11 in 2021). In percentages of the sales this looks like 38% (15/39) in 2022 above $1M vs. 17% (11/65) above $500K in 2021.
We love seeing Hayden continue to blossom as the new school brings more families, the coffee shop and brewery bring more charm & more people hang out downtown. People are enjoying the slower pace, deeper connections, and charm of small town living. This is very exciting to see and we hear that the new Francosi’s with dinner and cocktails is already a great addition.
<img src="https://assets.site-static.com/userfiles/1597/image/phipps_yamps_oak_market_stats_q3_copy.jpg" alt="Market Update: 2022 Q3 Phippsburg /Yampa/Oak Creek Homes" />
Phippsburg /Yampa/Oak Creek Homes
People are both seeking the charm of our rural towns and their affordability. We are seeing locals move further out for more value and people continue to value the beauty of living in the country.
To be clear, the value of any individual home in this area has not gone down from a year ago. Small changes in the price point of the particular homes that sold have large effects on the overall numbers in this segment. In 2022, the highest sale was $1.2M, driven by more mid-range homes being available and fewer higher-end homes. In 2021, there were 2 sales above $1M, with the first at $1.2M and the other at $2.95M.
Oak Creek is continuing to be the most popular of the 3 towns in this grouping. In 2022, 19/30 sales were in Oak Creek and in 2021, 19/29 sales were in Oak Creek as well. Oak Creek generally has lower to mid-range value homes. Phippsburg and Yampa have more entry level homes but some higher end properties on larger parcels.
We love seeing the restaurant scene in Oak Creek continue to increase in quality and quantity. Our group always looks for a chance to stop for a bite to eat when we are out that way. We would be remiss if we didn’t mention the Antlers restaurant and bar in Yampa, which is the perfect spot for dinner after a scenic drive bike ride or hunting trip. It is also exciting to see Oak Creek working on a new greenway trail through town. The sense of community in this area is very strong and draws many people.
<img src="https://assets.site-static.com/userfiles/1597/image/stagecoach_market_stats_q2_copy.jpg" alt="Market Update: 2022 Q3 Stagecoach" />
Stagecoach
As Steamboat Springs home prices continue to increase we expect Stagecoach will continue to be an active market, and see more $700K+ sales. We love Stagecoach for its access to great recreation at the reservoir, fishing in the public tailwaters, and access to trails in the National Forest.
As market segments shift, we are constantly looking at the sales data to better represent what is occurring in each segment. This is the first time we are including townhomes in the stagecoach segment and we did include them in the 2021 numbers in case you wondered. In 2022, 33% (11 of 33) of the sales were townhomes - all of these sales were under $520K. In 2021, 20% (5/25) of the sales were townhomes, all under $430K. As home prices increase in Stagecoach, we anticipate townhomes in this area to increase in popularity, similar to Steamboat townhomes. For now, these are all included in one segment for Stagecoach.
The average price growth in this segment of the market was due to an increase in the price points of the individual homes sold. In 2022, 16 of 33 (48%) of homes that sold between $700K-$1M. In 2021, 6 of 25 (24%) of homes in this segment that sold between $700K-$1M.
All around Routt county people are both seeking the charm of our rural areas and their relative affordability. We are seeing locals who own in Steamboat move further out to recreate on land in some form for a slower pace than Steamboat. Like we have seen for at least 20 years, people are also continuing to move out to these areas for more value. Luminate Broadband and Zirkel Wireless continue to bring gigabit internet to rural areas which is a plus.
Steamboat Springs 2022 Real Estate Market Updates
Steamboat Springs Market Update: 2022 Second Quarter Report
From the Great Escape to a Balanced Market
From the start of Covid in March 2020 people accelerated their plans to be in Steamboat due to increased flexibility and changing priorities. In 2022, we have gone from extremely low inventory in January towards a more balanced market. Some people have chosen to hold their cards while they waited to see what happened with inflation and the stock market. At the same time, a few more sellers have stepped forward. These combined to see inventory increase to where we were in 2021, giving buyers more options and ultimately helping sales remain close to 2021 levels. Sales are still two times higher than 2019 (before Covid) which was a great year, ($304M in 2019 vs $643M in 2022 through the end of June) and inventory is still about 1/3 of 2019 (appx. 457 properties in June ’19 vs 149 properties on the market June ’22).
<img src="https://assets.site-static.com/userfiles/1597/image/Screen_Shot_2022-08-23_at_1.31.50_PM.png" width="2312" height="586" />
The value of most individual properties are still higher than in 2021. However, you will see some averages in the segments below vary due to the price points of the particular properties that sold. We expect the annual gains in value to moderate but still remain positive with what we are seeing now. We base this on the combination of low supply, high equity / solid loan underwriting, and the continued desire of people to increase their quality of life by being in Steamboat.
Yet, as noted in a recent New York Times article, “your home may sit on the market for a few weeks and if priced well, sell for around asking price—which will be more than you would have gotten a year ago.” At the same time, buyers who stay in the market now have more power to make at-asking price offers without forgoing reasonable demands such as appraisals, inspections, and mortgage contingencies.
Average prices are up and the number of transactions is down due to low inventory
We have seen new contract activity pick up since mid-July as people digested the news and the stock market improved.
People still love Steamboat, their purchases here are mostly long term, and they see a good long term outlook for homes in the Yampa Valley.
While it is still a Seller’s market, moderation has allowed buyers to have more time to see the homes they like, lowered the chance to multiple offers and brought more balanced pricing / terms.
Buyers still want to be here and a few more Sellers see it as a good time to achieve their next goal in Steamboat or somewhere else as they enter a different phase in their life.
Even with the recent changes to the marketplace, home values continue to be strong--motivating sellers to list their homes on the market and encouraging buyers to purchase properties in order to help shield their money from rising inflation. Steamboat's real estate market has shown a lot of resilience and is helping both buyers and sellers create the life they love this year.
To answer the question on everyone’s mind regarding how the market has done with the news this spring, here is a look at how the market did each quarter. It is good to see things stay fairly steady during Q2 when the news about Ukraine, inflation, and the stock market dropping were all in focus. Q2 is the start of our strongest selling season, so this makes us feel good that our local market is on track to moderate vs. the pullback some were concerned about.
All Sales Included (January 1 - June 30)<br />Dollar sales are down 1.8% YOY for the 1st half (ending June 30) - $662M in 2021 to $650M in 2022.
Q1 - Dollar sales were down 24.8%. $280M in 2021 to $210M in 2022 due to inventory that was as low as 39 residences vs. 180 a year ago.
Q2 - Dollar sales were UP 15%. $383M in 2021 to $440M in 2022 as inventory increased to around 160 residences giving more options and increasing sales.
EXCLUDING a $39.9 ranch sold on 6/28/2022 (January 1 - June 30)<br />Dollar sales were down 7.8% YOY for the 1st half (ending June 30) - $662M in 2021 to $611M in 2022
Q1 - the same
Q2 - Dollar sales were UP 4.6%. $383M in 2021 to $400M in 2022
We will continue to monitor how this plays out, but a little over halfway through Q3 (as of 8/21/22) dollar sales are within 6.9% of 2021 which was at the height of the hottest market we have seen.
We are happy to help guide you to the best info to achieve your goals. We can help you understand how the current market, interest rates, STR regulations, Brown Ranch local housing, and low inventory combine with your goals to give you what you need to make the best decision for you.
‍—Jon Wade - Broker/Owner
<img src="https://assets.site-static.com/userfiles/1597/image/2022_normal_market_stats_sf_q2_copy.jpg" alt="Market Update: 2021 Q4 Single-Family Homes" />
Single-Family
The small increase in the average sales price in Q1 2022 was primarily due to a very low inventory in the $2-$3M price range, which pulled down the average. In 2022, only 17% (17/102) of homes that sold were between $2-$3M vs. in 2021 where 27% (29/108) of the homes that sold were between $2-$3M. There is a supply issue as the demand for $2-3M homes is very strong and they are getting strong prices as a result.
The value of most individual homes has increased 10-20% in the last year.
There were 2 manufactured homes that sold under $400K in 2022 vs 0 in 2021. This moderated the increase in average price by 2%. The change without the manufactured homes would have been an increase in 5%.
We wondered how prices held up from Q1 to Q2 and were pleased to see that the Q2 average price of single family homes was up 4.7% from Q1. We wouldn’t call this a trend for the rest of the year but we see it as a nice sign of resilience in our local market.
It's interesting to see that the average size of homes sold in 2021 was 2,731sq ft (19% bigger than in 2022). Part of the explanation of the lower average price in 2022 is that the average home sold was significantly smaller than in 2021 (at 2,299sq ft).
The number of homes that sold in 2022 under $1M decreased. In 2022, 25% (25 of 102) of homes in this segment sold for under $1M vs. 31% in 2021. In contrast, there was an increase year-over-year in the sales between $1-2M. In 2022, 54% (55/102) of the sales were between $1-$2M vs. 42% in 2021.
The access to gigabit internet in the rural areas of Routt County has increased significantly due to the efforts of both Zirkel Wireless and Luminate Broadband. Luminate is a newer fiber internet company owned by the Yampa Valley Electric Association that is using Federal Rural broadband grants to string fiber in many key rural areas. This has already begun to increase rural home values and we expect this to become more significant over the next couple of years as the rollout is completed.
See Luxury Single Family Homes below for how the top 10% of the market (by units) is doing, so a few luxury sales don’t distort what is happening in the core of the market.
<img src="https://assets.site-static.com/userfiles/1597/image/2022-market_stats_luxury_sf_q2_copy.jpg" alt="Market Update: 2021 Q4 Luxury Homes" />
Luxury Single-Family
This segment includes the top 10% of sales. The segment has shifted up as the market has appreciated. In addition, more higher-end homes are being built which also pulls up the top of the market. Looking at these separately gives us better insight into both the luxury and traditional single-family home markets.
Looking at the average price here skews what is happening, but we can see the real story by looking at the individual sales. In 2022, the top 4 sales were were at the following price points: $5.5, $5.8, $5.9, $7.5. In 2021, the top 4 sales were at $7.4, $10.0, $11.2, $11.5. Basically the individual homes that sold in 2021 were at much higher price points with higher average lot value. This inflated the price per sq ft in 2021. For example, the land of the Storm Mountain ranch home that sold last year was worth well over $5M vs. most luxury home land values at $750K - $1.5M.
Please also note that the median is up 12% and the lowest price home in this segment was $3.5M in 2022 vs $3M in 2021.
The sales of luxury homes have continued to be strong as people adjust their home purchases to match the increased time they are spending here. The lot cost, building costs and the level of quality and design of these homes have increased, resulting in higher prices.
Similar to the Single Family market above, the value of most individual homes has increased 10-20% in the last year. However, because of the small size of this segment of the market, a few sales can dramatically effect the numbers.
<img src="https://assets.site-static.com/userfiles/1597/image/townhomes_market_stats_q2_copy.jpg" alt="Market Update: 2021 Q4 Townhomes" />
Townhomes
The three biggest themes for townhomes are: even lower inventory than the rest of the market, the upward shift in the entry-level segment of this market, and the significant increase in townhomes sales over $2M.
Townhomes are a sweet spot for many people. Most townhomes are more spacious than a condo, have a garage, and provide more storage. They are also very convenient with limited upkeep by the owner and many provide most features a home does.
The increase in the average sales price reflects the lack of inventory, the increased demand, and the construction of new townhomes that are selling at higher price points (around $2-4M).
Given the high demand and the cost of homes, the prices of townhomes are increasing with many moving above the traditional entry level price points. In 2022, 3% (2/61) of the sales were below $450K vs. in 2021, 28% (28/99) of the sales were below $450K. Many people have done beautiful remodels in this price range compared to a year ago, thus raising the average sales prices from when most were original or just modestly remodeled.
Even with a 38% decrease in the number of units sold, year over year there were actually more units sold over $1M in 2022 vs 2021. In 2022, 70% (43/61) were above $1M vs. 37% (37/99) were above $1M in 2021.
Finally, there was only 1 sale above $2.4M in 2021 vs. 11 sales above $2.4 in 2022.
A year ago we saw several closings for new townhomes at the base of Hilltop Parkway where the price was set 1-2 years earlier. As such, it was lower than it would have been listed for and sold in 60 days. This made the average appreciation a few steps higher than if they had closed at what they were worth a year ago. Basically those townhomes already had a year or two of appreciation beyond the prices individuals paid when they closed a year ago. This made the average appreciation higher this year.
Any individual townhome likely increased anywhere from 20-30% in value in the last year.
<img src="https://assets.site-static.com/userfiles/1597/image/condos_market_stats_q2_copy.jpg" alt="Market Update: 2021 Q4 Condos in Steamboat " />
Condos
Demand in this part of the market has been particularly strong as more people look to get a place in Steamboat. For many it is serving as an opportunity to get a foot in the door and most of the condos sold are in the green zone (allowing short term rentals by right), which we expect to be a positive for them over time. We should qualify that the 9% STR tax may have a detrimental effect on rentals for some period of time. Give us a call if you would like to discuss some scenarios on how this may play out.
As in some other parts of the market, the shift in the balance between different price points tells an interesting story that the shift in the average and median do not.<br /> - In 2022 only 14% (10/142) of the sales were under $400k (with only one sale under $300k) vs. 25% (47/186) of the sales in 2021 were under $400K.<br /> - In 2022 70% (99/142) of the sales were between $400k-$1M vs. in 2021 59% (110/186) of the sales were between $400k-$1M. As most condos in Steamboat are now worth more than $400K, the proportion of sales in this price range are continuing to increase.<br /> - In 2022, 20% (29/142) of the sales were above $1M vs in 2021, 18% (33/186) of the sales were above $1M, which is fairly stable. Additionally, in both 2022 and 2021, the average sales price of condos looking only at those above $1M was $1.8M both years. <br /> - The biggest shift was in the lower price point up into the middle segment as VERY few condos are available under $400K.
It has been interesting to see 2-bedroom condos in Trailhead Lodge move a step beyond $1M, Eagle Ridge Lodge condos with views move to $1M+, and the same size upgraded Lodge at Steamboat condos move above $850K.
<img src="https://assets.site-static.com/userfiles/1597/image/q2-2021_hayden_market_stats_q2_copy.jpg" alt="Market Update: 2021 Q4 Hayden Real Estate" />
Hayden Homes
Similar to many other segments, the decrease in the number of sales was primarily due to a decrease in inventory. Homes that are coming on the market that are priced right are selling quickly.
Similar to other segments - there are less properties available at lower price points. In 2021, 47% or 16/34 homes sold were under $400K. In 2022, only 29% or 6/21 homes sold were under $400K.
We love seeing Hayden continue to blossom as the new school brings more families, the coffee shop and brewery bring more charm & more people hang out downtown. People are enjoying the slower pace, deeper connections, and charm of small town living.
The Hayden market saw strong appreciation over the past year due to increasing prices in Steamboat, the completion of the new Hayden K-12 school, and a vibrant community that continues to become stronger. Local amenities such as the Community center, Yampa Valley Brewing Company and Wild Goose Coffee at the Granary have also helped to boost energy as more people socialize downtown. This is very exciting to see. Hayden has become flat out cool with younger buyers and we absolutely love it.
Carly Kelly, one of our amazing brokers, lives in Hayden and shared what she is seeing. She has dived into the community with her husband and they are loving raising their daughter there. <br /> - More and more young adults and families are moving to Hayden to have more space and to join a community of friends<br /> - The trails in Hayden may be less known but they are beautiful and convenient! Dry Creek Park, Sage Creek Trail, and Deep Ranch (winter only) <br /> - Town council and planning commission are excited about the growth but are also working to maintain some of the town's history.<br /> - The Granary is hosting live music on a monthly basis, the brewery is expanding, and Sage & Spirit, a food truck outside the brewery, is a nice food option.<br /> - There is a winery with a tasting room, a butcher shop coming soon, more new homes being built and people are doing great remodels on the older downtown homes.<br /> - My friends really like the community center and the classes offered there. It has a pretty packed schedule.<br /> - Hayden Mercantile is a good local grocery option, their pizzas and stromboli's are a local favorite. You have to get there early if you want one!
<img src="https://assets.site-static.com/userfiles/1597/image/q2-2022phipps_yamps_oak_market_stats_q2_copy.jpg" alt="Market Update: 2021 Q4 Phippsburg /Yampa/Oak Creek Homes" />
Phippsburg /Yampa/Oak Creek Homes
People are both seeking the charm of our rural towns and their affordability. We are seeing locals move further out for more value, which has been happening ever since we can remember.
To be clear, the value of homes in this area have not gone down in the first half. With less sales in a segment, little changes in the price point of the particular homes that sold have large effects on the overall numbers in this segment. In 2021, there were 2 sales above $1M, with the first at $1.2M and the other at $2.95M. In 2022, the highest sale was $910K, driven by more mid-range homes being available and fewer higher-end homes. The median increase at 14% is a more accurate representation of the appreciation in this segment.
Oak Creek is continuing to be the most popular of the 3 towns in this grouping. In 2022, 10/16 sales were in Oak Creek and in 2021, 10/17 sales were in Oak Creek as well. Oak Creek generally has lower to mid-range value homes. Phippsburg and Yampa have more entry level homes but some higher end properties on larger parcels.
We love seeing the restaurant scene in Oak Creek continue to increase in quality and quantity. Our group always looks for a chance to stop for a bite to eat when we are out that way. We would be remiss if we didn’t mention the Antlers restaurant and bar in Yampa, which is the perfect spot for dinner after a scenic drive bike ride or hunting trip. It is also exciting to see Oak Creek working on a new greenway trail through town. The sense of community in this area is very strong and draws many people.
<img src="https://assets.site-static.com/userfiles/1597/image/q2-2022stagecoach_market_stats_q2_copy.jpg" alt="Market Update: 2021 Q4 Stagecoach" />
Stagecoach
As Steamboat Springs home prices continue to increase we expect Stagecoach will continue to be an active market, and see more $700K+ sales. We love Stagecoach for its access to great recreation at the reservoir, fishing in the public tail waters, and access to trails in the National Forest.
The average price growth in this segment of the market was due to an increase in the price points of the individual homes sold. In 2022, there were 0 of 13 homes that sold below $700K. In 2021, there were 7 of 14 homes in this segment that sold below $700K.
All around Routt county people are both seeking the charm of our rural areas and their relative affordability. We are seeing locals who own in Steamboat move further out to recreate on land in some form for a slower pace than Steamboat. Like we have seen for at least 20 years, people are also continuing to move out to these areas for more value.
Steamboat Springs 2022 Real Estate Market Updates
Steamboat Springs Market Update: 2022 First Quarter Report
The first quarter of 2022 in the Steamboat Springs real estate market has been driven by both a strong demand, the lowest inventory we have seen in over 20 years, and the ability of people to be here significantly more. The result is prices have continued to increase, giving current owners much more equity. Unfortunately, this continues to make it more challenging for both locals and visitors to secure a place here.
The lack of inventory in Q1 was 100% of the reason that sales were down 25% vs. a year ago. Q2 so far is up 9% due to more, but still very tight inventory.
The level of supply at any given time in Q1 was 40-60 residences, compared to about 160-180 a year ago, 80-90 at the end of 2021, and 70-80 so far in May. Demand continues to be very strong this spring.
Even if inventory were 3x higher it likely wouldn’t have been enough to provide choices for all of the buyers we are seeing for local properties. Before the impacts of Covid, 2019 was a strong market with good appreciation. We had over 400 residences on the market then (which we thought was low inventory at the time). We believe there is room for a fairly significant amount of inventory to come on, buyer demand to moderate with interest rates, and still have a healthy market.
As I often say, the vast majority of the buyers are buying for their long term goal to own in Steamboat, locals and second homeowners alike. We are seeing very few pure investors and they are not driving pricing or having a significant impact on demand. Buyers are being thoughtful about the market, and they see their place in Steamboat as a good long term asset they can enjoy with those that mean the most to them.
Local buyers made up 52% of purchases so far this year which we love to see. Cash buyers made up 54% of the market in Q1 which is stable from 2021. An important point to make is that means 46% of successful buyers had a loan. If you plan to purchase with a loan, we have strategies to help you signifcantly improve your odds of winning with a loan contingency.
It’s worth noting that loan standards are strict and equity in local homes is high. This is a nice buffer if there is economic change. Given the solid financial position of buyers and other long term trends, we are comfortable that the vast majority of owners in Steamboat are in a good position to continue enjoying their places here long term.
<img src="https://assets.site-static.com/userfiles/1597/image/overall_2022-final.jpg" width="1962" height="943" /><br /><br /> As you see, the median price in the overall statistics below is significantly lower that the average when looking at the whole market. This is due to 46 lot sales below $100,000 out in the county. Lots in Stagecoach, Oak Creek, and Hayden are at attractive price points. These entry level lots are seeing good appreciation and more sales as people look for more affordable alternatives and internet availability increases in the country.
As the supply of homes has decreased, more people are purchasing lots in all price ranges. They are using the opportunity to purchase land as an opportunity to hold a place in our market for their near or long term goal to have a home in Steamboat. It is similar to people starting with a condo or townhome before a home. Often it serves as an early substitute for buying a home, while they still plan to live in their existing place for several more years until they are at the point in their life that they are ready to build and want a home. Many find value in locking in the right location and having a foot in the door here before the area they like is built out.
Looking forward we see the new interest rate environment moderating demand to some extent for the 46% of people who get a mortgage but anecdotally we have just barely heard people mention it in May with rates up to 5%. Considering the real demand we are seeing from people who to plan to use their place over the long term, along with how much inventory could increase we believe the market is in a good position to be resilient to the effects of interest rates and inflation. In our experience, many buyers are being conservative in what they buy compared to their resources. This often gives them room to still buy as rates have increased.
Even if there is a recession at some point, the consensus of economists is that it will not be housing based recession like we saw in the last cycle. In the US and also Steamboat, building new properties has been far lower than the new household demand for over 10 years. We have many reasons to believe Steamboat is an attractive long term investment which matches the time virtually every buyer we help expects to own their new place.
We have this talk often with people and they are not looking at this as a short term investment. We believe that the combination of stable long term owners, who are buying within their means, and building new properties being limited by costs & labor will act to moderate the ups and downs markets see over time.
Short Term Rentals are in Transition
Steamboat Springs like every major resort town in Colorado in the process of limiting short term rentals going forward. While it is not done yet, it’s possible that the ability for the next owners of a place to rent short term outside of the Dark green zone will be limited and often decrease once the current process finishes this summer if the previous owners haven’t been renting short term before the new ordinance is passed.
The new rental proposal consists of different color coded zones that correspond with use limitations. The Dark green zone is close to the mountain north of Walton Creek Rd and mostly south of Mount Werner Circle but with several zigs and zags as it goes up to Thunderhead. This zone is expected to see few limits based on the discussions to date. Outside of that area and a very small area near Lincoln Ave downtown new licenses are likely to either be based on a few exceptions or unavailable. To be clear we expect most existing short term rentals to be able to keep being able to short term rent if they apply for a permanent legal non-conforming variance. The current definition of the red zone does not allow the next owner to STR after a sale of the property but existing STRs are expected to also be able to apply for a variance.
As result of this and people’s ability to work remotely (more or all of the time) we expect that we will see more rentals over 30 days after the new Short Term Rental regulations are finalized. Monthly rentals have been common in many other summer and winter resorts, became more common in Steamboat during Covid, and this new development will likely accelerate this trend.
It’s more complicated than this and still in a bit of flux so, if you are curious on how this might impact your decision to purchase or sell your Steamboat property, please call us. We will listen to your goals, explain things in more detail, get you the most current info, and the latest map of the different zones for the area you own in or are considering. It’s likely to continue to change until Council passes the final ordinance so keep in touch if this important to you.
We can be fairly sure that the supply of most short term rentable properties will be limited to current levels or less going forward. Additionally, rental and buyer demand is expected to increase based on the general trends and $200M in new investments at the ski area. The percentage of people who rent short term along with how often other owners rent has been decreasing over time as they use their places more. Places outside the dark green STR zone that short term rent are very unlikely to get new rental permits and we don’t expect significant new building in the dark green zone below $1.5 to $2M for 2 bedroom condos. These factors are likely to benefit the value of properties in the dark green zone over the long term.
It’s worth noting that 5 local hotels have been converted to workforce housing in the last couple of years to help alleviate local labor shortages. This has also taken nightly rentals off the market and should increase the number of nights the remaining short term rentals are rented.
This leaves an important question
How will the properties that can no longer short term rent when ownership changes do over time? At this point we believe that some people will keep their current STR’s for a long time and most will sell gradually over time. We don’t expect a big burst of current STRs to sell since they are expected to be able to continue renting. When they are sold some will be purchased by locals to live in and some will be purchased by people who don’t want to rent short term since they generally have lower or no HOA costs in the areas expected to be restricted. On balance we expect them to do well over the long term but there are good reasons to believe that the properties in the dark green zone will do a step or two better.
We are happy to help guide you to the best info to achieve your goals. We can help you understand how how the current market, interest rates, STR regulations, Brown Ranch local housing, and low inventory combine with your goals to give you what you need to make the best decision for you.
‍—Jon Wade - Broker/Owner
<img src="https://assets.site-static.com/userfiles/1597/image/normal_sf_2022_copy.jpg" alt="Market Update: 2021 Q4 Single-Family Homes" />
Single-Family
The story here is a lack of inventory which is similar to most of our market. The value of most individual homes has increased 10-20% in the last year. However, because of the price point of the particular homes that came on the market in Q1, the average price increased only slightly.
Interestingly enough the small increase in the average sales price in Q1 2022 was primarily due to a very low inventory in the $2-$3M price range which pulled down the average. In 2022, only 12% (5/41) of homes that sold were between $2-$3M vs. in 2021, 25% (13/51) of the homes that sold were between $2-$3M. The is a supply issue as the demand for $2-3M homes is very strong and they are getting strong prices as a result.
The following two components in this segment mostly offset each other:<br /> - Homes in 2022 under $1M decreased. In 2022, 24% (10 of 41) homes in this segment were sold at under $1M. In 2021, 37% (19/51) homes that sold were under $1M. <br /> - However counter to this, there was an increase year-over-year in the sales between $1-2M. In 2022, 59% (24/41) of the sales were between $1-$2M. In 2021, only 37% (19/51) of the sales were in this range. In 2022, looking at the sales between $1-2M in 2022 75% (18/24) were in the city vs 57% (11/19) of the sales in 2021 were in city limits.
Looking at the homes that sold under $1M specifically, in 2022 80% (8/10) were in the county. In 2021, 37% (7/19) of the homes that sold were in the county. This is a 2-fold increase. There is specifically lower inventory of single family homes that came on the market in 2022 and there are less homes in the city that are worth under $1M.
The access to gigabit internet in the rural areas of Routt County has increased significantly due to the efforts of both Zirkel Wireless and Luminate Broadband (a fiber internet company owned by YVEA that is using Federal Rural broadband grants to string fiber in many key rural areas. This has already begun to increase rural home values and we expect this to become more significant over the next couple of years as the rollout is completed.
We expect very few single family homes to be able to begin Short Term Rentals if they are outside of the Green zone. Let's talk if you have questions.
See Luxury Single Family Homes below for how the top 10% of the market (by units) is doing, so a few luxury sales don’t distort what is happening in the core of the market.
<img src="https://assets.site-static.com/userfiles/1597/image/luxury_sf_q1_2022_copy.jpg" alt="Market Update: 2021 Q4 Luxury Homes" />
Luxury Single-Family
This segment includes the top 10% of sales and has shifted up as the market has appreciated along with more higher end homes being built which also pulls up the top of the market. Looking at these separately gives us better insight into both the luxury and traditional single-family home markets.
Looking at the average price here skews what is happening vs. the real story that we can see by looking at the individual sales. In 2022, the sales were were concentrated at the following price points - $3.5M, $3.7M, $3.8M, $3.9M & $4.6M. In 2021, the sales were at $2.7M, $2.9M, $3.0M, $3.2M, $4.3M & $11.5M
The average ‘looks’ like it is decreasing because of the $11.5M sale in 2021 that dramatically affected the average. If this sale were not included the average sale price for 2021 would have decrease by $1.4M to $3.2M, which would make the 2022 Average price increase of 17%. The sales in 2022 had a higher lowest priced sale of $3.5M in 2022 vs $2.7M in 2021 (since there are only a few sales the price point each one is at also makes a big difference).
The sales of luxury homes have continued to be strong as people adjust their home purchases to match the increased time they are spending here. The level of quality and design of these homes, lots costs, and building costs, have increased, resulting in higher prices.
The same thing is happening with $/sf showing down 23%. The $/sf is not down for any home we can think of but not having the $11.5M sale which was about half land value skews the average down significantly. Without the big sale Q1 2021 had an average $/sf of $595. Using that makes the average $/sf increase 10%.
<img src="https://assets.site-static.com/userfiles/1597/image/townhomes_q1_2022_copy.jpg" alt="Market Update: 2021 Q4 Townhomes" />
Townhomes
The two biggest themes for townhomes are even lower inventory than the rest of the market and the shift upwards in the entry level segment of this market.
Townhomes are a sweet spot for many people. As a result of fewer people selling their townhomes now (the units sold decreased) and the demand is strong. The increase in the average sales price reflects the lack of inventory and the increased demand. Most townhomes are more spacious than a condo with more storage, they are very convenient with limited upkeep by the owner, have a garage, and many provide most features a home does.
Given the high demand and the cost of homes the price of townhomes are increasing in turn, with many moving above the traditional entry level price points. In 2022, 6% (1/17) sales were below $450K vs. 35% (15/43) were below $450K in 2021. Next quarter under $450K is likely to be less than 2%. People have also been doing a lot of beautiful remodels in this price range compared to a year ago, thus raising the average sales prices from when most were original or just modestly remodeled.
While there were more units sold above $1M in 2021, the proportion of the sales above $1M was slightly higher in 2022. In 2022, 53% (9/17) were above $1M vs. 44% (19/43) were above $1M in 2021.
Finally, the highest sale in this segment in 2021 was $2.4M. In 2022 the highest sale in this segment was $4.25M. This one was a stunning mountain contemporary new build along Fish Creek in Barn Village. Removing this sale from 2022 has a $175K effect on the overall average price. While as mentioned above, the lack of inventory in townhomes and the increased demand are the main
A year ago we saw several closings for new townhomes at the base of Hilltop Parkway where the price was set at least a year earlier so it was lower than it would have been a year ago making the average appreciation a step higher than if they had closed at what they were worth a year ago. Basically those townhomes already had a year of appreciation beyond the prices they paid when they closed a year ago making the average appreciation higher this year.
Similar to single family homes in actuality, an individual townhome likely increased anywhere from 10-20% year-over-year
<img src="https://assets.site-static.com/userfiles/1597/image/condos_q1_2022_copy.jpg" alt="Market Update: 2021 Q4 Condos in Steamboat " />
Condos
Demand in this part of the market has been particularly strong as more people look to get a place in Steamboat.
As in some other parts of the market, the shift in the balance between different price points tells an interesting story that the shift in the average and median do not.<br /> - In 2022 only 5% (3/55) sales were under $350k vs. 24% (18/75) sales in 2021 were under $350k.<br /> - In 2022 76% (31/55) of the sales were between $350k-$750k vs. in 2021 45/75 44% were. The share in this range nearly doubled as most condos in Steamboat are now worth more than $350K.<br /> - In 2022 18% (10/55) of the sales were above $1M vs in 2021, 16% (12/75) were above $1M which is fairly stable. <br /> - The big shift was in the lower price point up into the middle segment as less condos are available under $350K.
It has been interesting to see 2 Br Condos in Trailhead Lodge condos move to and beyond $1M, in Eagle Ridge Lodge views units move to $1M, and the same size upgraded Lodge at Steamboat Condos move above $800K.
<img src="https://assets.site-static.com/userfiles/1597/image/hayden_2022_copy.jpg" alt="Market Update: 2021 Q4 Hayden Real Estate" />
Hayden Homes
We love seeing Hayden continue to blossom as the new school brings more families, the coffee shop and brewery bring more charm & more people hang out downtown. People are enjoying the slower pace, deeper connections, and charm of small town living.
The Hayden market saw strong appreciation over the past year due to increasing prices in Steamboat, the completion of the new Hayden K-12 school, and a vibrant community that has formed. Local amenities such as the Community center, Yampa Valley Brewing Company and Wild Goose Coffee at the Granary have also helped to boost energy as more people socialize downtown. This is very exciting to see.
Similar to many other segments, the decrease in the number of sales was primarily due to a decrease in inventory. Homes that are coming on the market that are priced right are selling quickly.
Carly Kelly, one of our amazing brokers, lives in Hayden and shared what she is seeing. She has dived into the community with her husband and they are loving raising their daughter there. <br /> - More and more young adults and families are moving to Hayden to have more space and to join a community of friends<br /> - The trails in Hayden may be less known but they are beautiful and convenient! Dry Creek Park, Sage Creek Trail, and Deep Ranch (winter only) <br /> - Town council and planning commission are excited about the growth but are also working also to maintain some of the town's history.<br /> - The Granary is hosting live music on a monthly basis, the brewery is expanding, and Sage and Spirit, a food truck outside the brewery, is a nice food option <br /> - There is a winery with a tasting room, a butcher shop coming soon, more new homes being built and people are doing great remodels on the older downtown homes.<br /> - My friends really like the community center and the classes offered there. It has a pretty packed schedule.<br /> - Hayden Mercantile is a good local grocery option, their pizzas and stromboli's are a local favorite. You have to get there early if you want one!
<img src="https://assets.site-static.com/userfiles/1597/image/phipps_yamps_oaks_q1_2022_copy.jpg" alt="Market Update: 2021 Q4 Phippsburg /Yampa/Oak Creek Homes" />
Phippsburg /Yampa/Oak Creek Homes
People are both seeking the charm of our rural towns and their affordability. We are seeing locals move further out for more, value which has been happening ever since we can remember.
With less sales in a segment, little changes have large effects on the overall numbers in a given segment. In 2022, there were 6 sales that ranged from $237K - $910K. In 2021 there were 4 sales that ranged from $190 - $365K.
Oak Creek is continuing to be the most popular of the 3 towns in this grouping. In 2022 4/6 sales were in Oak Creek and in 2021 3/4 sales were in Oak Creek as well.
We love seeing the restaurant scene in Oak Creek continue to increase in quality and quantity. Our group always looks for a chance to stop for a bite to eat when we are out that way. We would be remiss if we didn’t mention the Antlers restaurant and bar in Yampa which is the perfect spot for dinner after a scenic drive bike ride or hunting trip. It is also exciting to see Oak Creek working on a new greenway trail through town. The sense of community in this area is very strong and draws many people.
<img src="https://assets.site-static.com/userfiles/1597/image/stagecoach_q1_2021_copy.jpg" alt="Market Update: 2021 Q4 Stagecoach" />
Stagecoach
As Steamboat Springs home prices continue to increase we expect Stagecoach will continue to be an active market and see more $750K+ sales. We love Stagecoach for its access to great recreation at the reservoir, fishing in the public tail waters, and access to trails in the National Forest.
The average price growth in this segment of the market was due to an increase in the price breakdown of the homes sold. In 2022 the individual sales were $760K, $789K, $985K, $1.2M & $1.4M. In 2021 the individual sales were $479K, $543K, $665K, $865K, $1.2M.
With a small sample size of 5, it is not entirely accurate to compare 5 sales in 2021 to 5 sales in 2022 and say that each individual home in Stagecoach has appreciated 36% as represented by the average, but it is more likely each individual home has increased in the range of 15-25%.
All around Routt county people are both seeking the charm of our rural areas and their relative affordability. We are seeing locals who own in Steamboat move further out to recreate on land in some form, for a slower pace than Steamboat, and more people continue to move out for more value which has been happening for at least 20 years.
Steamboat Springs 2021 Real Estate Market Updates
Steamboat Springs Market Update: 2022 Year End Report
The Great Escape is now the Great Realization
The rush out of cities to escape Covid is over. Now people are no longer escaping wondering if it is temporary. They are realizing that they can have the life and career they want in the mountains and are moving here full time. Steamboat has the lifestyle people have aspired to achieve for a long time, but it was a place most people only vacationed to since they had they careers to go back to. Now they are realizing they could make Steamboat their home, seeing that the schools are great and they now have the flexibility to do it. As a result, they are focusing on their own dreams and making the move to <a href="https://www.steamboatsprings-realestate.com/about/moving-to-steamboat-springs/">Live in Steamboat</a>
People were already having successful location neutral careers in Steamboat. The increased flexibility that many people now have, makes it easier for them to move here and enjoy the Steamboat lifestyle, instead of waiting for retirement. Most individuals already longed to be in Steamboat, but stayed put in order to reach their career goals. Now many of them don’t have to.
More year-round people brings more stability to local incomes, since there is less of an off-season and their incomes are not tied to tourism. Steamboat has gone from a tourism driven economy to a lifestyle driven economy, where our attractions are still a draw but our economy is no longer as reliant on tourism. This was already true before Covid. Tourism is much smaller of a factor now. The new individuals that are moving here are spending money at local businesses 48 weeks a year instead of just 1-4. This has upsides and downsides. Fortunately the YVHA’s Brown Ranch development on donated land should help with some of the downsides.
Upsides
A more stable economy with professionals working in many fields, which completes our transition to a lifestyle economy vs. being reliant on tourism.
People are transferring their desire to be here to a drive to get involved and are making a big difference for local non-profits.
Increased equity for locals who already own here and whose home is often a large part their retirement savings.
Downsides
Affordability for locals who don’t own yet, leading to losing some cherished members of our community.
Local businesses can’t serve their customers because they are under-staffed due to housing costs and shortages.
Quality of life issues which is driving many people to look for moderation in promoting tourism. City council even pulled the measure to nearly double Chamber funding due to an outpouring of community feedback against the proposition in order to maintain our quality of life.
How is the Market Doing?
This year’s Q4 numbers in insolation look a tiny bit slower than a year ago. This is because of last year’s surge when the world began to open up. As we move into 2022, real estate contract activity is higher than a year ago. Inventory is still low but new properties are starting to come on the market after a pause in new listings over the holidays. This gives us hope that there will be some more options as we progress into spring. Higher prices generally bring more listings and some potential sellers and buyers are calling to get ahead of the expected rise in interest rates.
<img src="https://assets.site-static.com/userfiles/1597/image/Land_Title_2022sales_volume_graph_december_all_copy.jpg" width="1962" height="943" /><br /><br />
2021 Average Price gains
Single family homes in the Steamboat Springs school district are up 38%.
Luxury homes have increased 26%.
Townhomes are up 19%.
Condos are up 41% with many more sales in <a href="https://www.steamboatsprings-realestate.com/one-steamboat-place-condos/" title="One Steamboat Place Homes for Sale">One Steamboat Place</a> vs. few before.
Homes in Hayden are up 28%.
Homes in Stagecoach increased 22%.
Phippsbrug / Yampa Oak Creek homes gained 55% with 15 homes selling for over $500K.
(each are a fair amount higher than the appreciation of most properties. Find out why in the sections covering each below)
It feels like the market is transitioning from a short term escape to Steamboat a longer-term trend of people spending much more to all of their time here. We have seen a big shift since Covid accelerated people’s ability to work from here part to full time. Students have now returned to school nationwide and many professionals have returned to the office, yet demand still remains strong. This has increased the demand for local property and values have increased as a result.
After weighing their options, most people see quality time outdoors with their loved ones & being part of a great community as a priority. They can be here significantly more than before and find value in being in Steamboat long term. They also see that other people are buying for the same reasons, making it sustainable.
YVHA - Hope for Locals Housing Moving Forward
One of Steamboat’s biggest strengths is our community. At the same time, the strength of our market has brought many challenges for locals looking for a place to live. Rental and purchase options that work for locals are few and far between making them very hard to get and expensive. This is a real problem because we are losing great local people and the key professions that keep Steamboat ticking are almost universally understaffed. Our quality of life here is dependent on the people that help keep Steamboat special or even functioning at a basic level. We value community and it’s hard to see Steamboat friends having to move elsewhere.
While I believe in a free market I also believe that we can’t afford to lose the core of our community. Fortunately, there is hope. The Yampa Valley Housing authority has been doing a great job building affordable rental apartments using a small tax we put in place a few years ago to leverage federal tax credits and there are 3 more projects in the pipeline, but it isn’t enough. We need a diverse range of rental and ownership opportunities for locals to keep our community strong long term. We are in a better position than most resorts with over 50% local ownership here in Steamboat vs. 13% in Summit County. I hope that YVHA’s efforts can maintain this.
As you probably know a very generous donor stepped up with a $24M donation to the YVHA to purchase the former Steamboat 700 / West Steamboat neighborhoods. This project, which is now being called Brown Ranch, is within Steamboat’s urban growth boundary and has been in our community plans to develop affordable / attainable housing for over 30 years. The two previous development plans that were pursued failed in the end. Now we have the chance to do this as a community if we come together and think creatively. In addition, we listed a property in the mountain area that is ideal for this and had the opportunity to connect with the YVHA who bought it. This was enabled by an additional $6M donation to deliver more housing in a great location near the mountain.
We are hopeful that the YVHA, the generous donors, the city, and the county can collaborate to put together smart plans and deliver great options for locals. We encourage them to think differently, remove the barriers that have stopped them before and provide a variety of housing options at a reasonable cost. The new City Council all supports this. Our hope is that this they will include reasonable deed restrictions that ensure they serve locals but don’t cause some of these properties to be foreclosed on if an economic downturn were to occur in the future. We have always had to strive to live in Steamboat so these properties still won’t be cheap given costs here. That said donated land and a large promise from the state for infrastructure costs is a huge help to provide more attainable options for locals to rent and own in Steamboat.
We hope that you find some insights in this report that are useful to you. At the same time, the market is very granular so if you want to know about how this affects your property or the ones you aspire to have please reach out. We will listen to your questions and give you personalized insights with absolutely no pressure.
‍—Jon Wade - Broker/Owner
<img src="https://assets.site-static.com/userfiles/1597/image/normal_market_stats_sf_2021_eoy_copy.jpg" alt="Market Update: 2021 Q4 Single-Family Homes" />
Single-Family
The average sales price of a single family home in the Steamboat School district increased 38% in 2021. This is a dramatic increase that comes from a combination of increased demand, appreciation as a result (which is closer to 20-25% year-over-year for most homes), and very few homes available at lower price points. This is compared to last year, which raises the average price in addition to appreciation. Units are down 12%, not for a lack of interest in this segment, but a lack of inventory—especially in the last quarter of the year.
In 2020, the highest sale in this category was $2.45M (see below for luxury homes). In 2021, there were 32 sales above $2.45M. The average sales price for single-family homes has now shifted above $1.5M. That said, lower priced homes are available in some beautiful areas of the county.
There were only 30 sales under $700k in 2021 vs. 80 sales under $700k in 2020. This has a strong impact on the average, even if prices hadn’t gone up.
Our primary selling season is normally April - October but during the last two years things have remained strong during our typical “off season”.
Some people are saying that there is NO inventory, and that there is ‘nothing on the market’ and that is partly true. While we are at the lowest inventory in late January that we have had in recent memory, there are still many sales that are taking place. You just need to watch and be ready to act quickly when the right property comes on.
Things are simply staying on the market for less time than we are accustomed to here in Steamboat. We are now more similar to some of the major US markets for ‘days on market’ when homes are priced appropriately. We are helping many people get an advantage in securing the right home, so let us know if you would like to learn about the advantages we can give you. Even though Q4 was down a bit vs. 2020, it is still very strong compared to normal.
People are spending more time in their homes. As a result, many people are remodeling or replacing their current home to meet their new needs. We are also seeing more people gravitating to rural living. YVEA / Luminate is bringing fiber Internet to Hayden, Clark, and South Routt before Steamboat. Additionally, Starlink is slowly rolling out reliable and fast satellite internet, making it practical to work and stream in rural areas more than we have ever seen before. This is a big shift.
See Luxury Single Family Homes below for how the top 10% of the market (by units) is doing, so a few luxury sales don’t distort what is happening in the core of the market.
<img src="https://assets.site-static.com/userfiles/1597/image/market_stats_luxury_sf_2021_eoy_copy.jpg" alt="Market Update: 2021 Q4 Luxury Homes" />
Luxury Single-Family
The Luxury segment includes the top 10% of Single-Family homes (units) by value. Looking at these separately gives us better insight into both the luxury and traditional single-family home markets.
This entire segment continues to shift upward. In 2021, all of the sales were above $3.5M. In 2020, just 47% of the sales were above this price point. In 2020 there were 5 sales over $5M, and in 2021 there were 10 sales above this price point.
Three of these sales were above $10M and included the finest ski-in ski-out home in Steamboat for $10M, in addition to 2 in Storm Mountain Ranch on lots worth over $5M. These 2 sold for prices of $11.2 & $11.5M.
The sales of luxury homes have continued to be strong as people adjust their home purchases to match the increased time they are spending here. The level of quality and design of these homes, lots costs, and building costs, have increased, resulting in higher prices.
Inventory continues to be constrained, or sales would be higher as demand in this segment is very strong and prices are adjusting in response.
<img src="https://assets.site-static.com/userfiles/1597/image/townhomes_market_stats_2021_eoy_copy.jpg" alt="Market Update: 2021 Q4 Townhomes" />
Townhomes
Average sales price increased 19% vs. a year ago—taking it above $1M for the first time.
In 2020, 55 of the 198 sales (28%) were over $1M vs. 85 of the 203 sales (42%) in 2021. 50 of the 198 sales (25%) were under $500k in 2020. In 2021, there were 53 of the 203 (26%). As an example, Whistler townhomes are now solidly in the $400-500K price point vs. $250-325K a couple of years ago.
Another key point is that 15 of the townhomes (28% of the sales) that closed in the first half of 2021 (for $415-516K) are a part of a new development called Fox Springs. Their prices would have been significantly higher, but most went under contract before being built, so they went under contract at lower prices than if they were listed in 2021.
Townhomes/Duplexes continue to become a more important part of the market (from $350K to $2.75M) as Single Family home prices continue to go up. We expect more people to go this way even while low supply (compared to demand) is limiting sales in this segment.
<img src="https://assets.site-static.com/userfiles/1597/image/condos_market_stats_2021_eoy_copy.jpg" alt="Market Update: 2021 Q4 Condos in Steamboat " />
Condos
The units sold in 2021 decreased compared to the number of units sold in 2020 due to limited supply.
The average price (+41%) was up significantly but much of this is due to the price points available, in addition to appreciation. For many people, the condo market is their ‘first step into Steamboat’. We have had many conversations with people who are excited to own a condo in-town as their mountain getaway, and ultimately spend more time here. Many are hoping to use it as a launching point to living in Steamboat full-time in the future. Others are selling the condo they bought a few years ago and upsizing to something else now that they know they love life in Steamboat and can spend more time here.
Similar to single family homes, in most situations the average value appreciated in the range of 15-25%. The additional increase in average price is a result of many more high-end sales and fewer entry-level sales, which also raises the average.
Our entire market had 22 condo sales over $1M in 2020 and 56 sales over $1M in 2021. Looking at One Steamboat Place (OSP) we saw 13 sales that were all over $2M in 2021. It is worth noting that there were few OSP condos available in 2020, while in 2021 there were considerably more as people upgraded within the building or to larger properties.
The price points of condos year over year shifted upward. In 2020, 251 of the 395 (64%) sales were under $500k vs. in 2021 where 140 of the 373 (38%) were under $500k.
Between $500K-1M, in 2020, there were 122 of the 395 (31%) sales in this price range vs. in 2021 where there were 177 of the 373 (47%) sales. The increase in units in this range also pulled up the average sales price.
<img src="https://assets.site-static.com/userfiles/1597/image/hayden_market_stats_2021_eoy_copy.jpg" alt="Market Update: 2021 Q4 Hayden Real Estate" />
Hayden Homes
The Hayden market saw strong appreciation over the past year due to increasing prices in Steamboat and the completion of the new Hayden K-12 school. Local amenities such as the Yampa Valley Brewing Company and Wild Goose Coffee at the Granary, have also helped to boost the thriving community in Hayden. This is very exciting to see.
People are looking to Hayden to benefit from the trends we have seen before around other resort communities. Stories like - <a href="https://coloradosun.com/2021/08/13/hayden-down-valley-skisteamboat/">Here comes Hayden: One of Colorado’s last down-valley ski towns to pop is having its moment</a>, and rising prices in Steamboat, are bringing Hayden into focus. Homes that come on the market at prices that make sense are selling quickly, which has led to a 53% increase in units sold this past year.
In 2020, Hayden had a stronger pause in the market during the initial Covid lockdown than other areas of Routt County. Looking at the breakdown, in 2020, there were 8 sales in Q1, 3 sales in Q2, 18 sales in Q3 and 18 sales in Q4. 2021 saw the momentum continue all year. There were 15 sales in Q1, 20 sales in Q2, 20 sales in Q3 and 17 sales in Q4.
The market continues to progress in Hayden. In 2020, 4 of the 47 (9%) sales were above $425k. In 2021, 41 of the 72 (57%) sales that closed were at or above $425,000. The story really is that there were more homes for sale, more people seeing a bright future for Hayden, and homes at higher price points including many newer properties.
<img src="https://assets.site-static.com/userfiles/1597/image/phipps_yamps_oak_market_stats_2021_eoy_copy.jpg" alt="Market Update: 2021 Q4 Phippsburg /Yampa/Oak Creek Homes" />
Phippsburg /Yampa/Oak Creek Homes
Of these three areas, Oak Creek has been the most popular this past year—accounting for 24 of the 42 (57%) sales in 2021.
There were 15 sales above $500k in 2021 vs. only 3 sales above $500k in 2020*.
We love seeing the restaurant scene in Oak Creek continue to increase in quality and quantity. Our group always looks for a chance to stop for a bite to eat when we are out that way. We would be remiss if we didn’t mention the Antlers restaurant and bar in Yampa, which is the perfect spot for dinner after a scenic drive, bike ride, or hunting trip. It is also exciting to see Oak Creek working on a new greenway trail through town. The sense of community in this area is very strong and draws many people.
* To give a fair representation of the market, we did not include the sale Q1 2020 sale of a $5.8M, 755 acre ranch with a 3bd / 2ba 1,847 sqft home in the average or median growth numbers. It is only in total sales. Most of the value was in the land since it backed up to National Forest and including it in the averages would have distorted what is happening for most homes.
<img src="https://assets.site-static.com/userfiles/1597/image/stagecoach_market_stats_2021_eoy_updated_copy.jpg" alt="Market Update: 2021 Q4 Stagecoach" />
Stagecoach
More people are seeing the year round beauty of Stagecoach, combined with its ample recreation opportunities. The number of sales was down 38% since fewer people chose to sell in 2021. It is clearly not from any lack of demand to be in Stagecoach.
The average price growth in this segment of the market was due to increases from the entry level to high end homes. In 2021, there was were only 5 sales below $500k. In 2020 there were 18 sales below $500k. The biggest shift was in the homes between $600-$900K. In 2021, there were 16 homes between this price range vs. only 8 sales in this range in 2020.
As Steamboat Springs home prices continue to increase, we expect Stagecoach will continue to be an active market and see more $700K+ sales. We love Stagecoach for its access to great recreation at the reservoir, fishing in the public tail waters, and access to trails in the National Forest.
Steamboat Springs Market Update: 2021 Third Quarter
It has been interesting to see as shifts in the local market reflect some big trends we have seen in both Colorado and Nationally. People are now more flexible to be where they want much more often and others things have become less important to them. To evaluate what is happening, it helps to look back and consider a few things.
After finishing strong in March 2020, Covid stalled us in April, followed by a strong pick-up in May and June as people decided they would rather be in Steamboat
In July, 2020, things opened up even more as people began to enjoy the new freedom of living and working in the mountains--kicking the market into high gear.
Q3 of 2020 was the first quarter that the new market was in force and now we are starting to compare to that quarter in addition to a strong Q1 and slow Q2 in 2020.
Today, we are seeing the numbers moderate a bit, but still continue strongly, when compared to Q3 in 2020. This however, does feel like a good sign.
This year's Q3 numbers in insolation look a bit slower than a year ago. This is because of last year’s surge when the world began to open up. As we move into Q4 of 2021, October saw a lot of new activity in a month when things are typically slowing down. While inventory is still low, this is a good indicator that the market remains strong.
It feels like the market is now establishing a longer-term trend and we don’t see significant supply coming on to change that. We have seen a big shift since Covid--allowing more people to be in Routt County more of the time and ultimately increasing property values. We see many signs that this shift is becoming a long-term trend because students have now returned to school nationwide, and many professionals have returned to the office, yet demand still remains strong.
It’s true that Brown Ranch is expected to start delivering homes in late 2024 which will improve supply for locals. I see this as primarily meeting critical needs for the people who make our town special who the market has few if any options for now. We look forward to Brown Ranch opening up the dream of home ownership and more rentals that make sense to balance our market.
We are continuing to have great conversations with people regarding the market, their goals, and long-term plans as they consider various options. Some people decide to wait until other pieces fall into place or wait to see where the market goes. If so, we advise them to watch the market and prepare for when they are comfortable taking the next step.
After weighing their options, most people see quality time outdoors with their loved ones as a priority. They can be here significantly more than before and find value in being in Steamboat long term. Most people are confident that other people are buying for the same reasons.
Our goal at The Steamboat Group is to help you make informed decisions about real estate in Steamboat. We know that you are smart so we work hard to help you be smart about owning in Steamboat. Just let one of us know if you have any questions.
YVHA - Hope for Locals Housing Moving Forward
One of Steamboat’s biggest strengths is our community and the strength of our market has brought many challenges for locals looking for a place to live. Rental and purchase options that work for locals are few and far between making them very hard to get and expensive. This is a real problem because we are losing great local people and key professions that keep Steamboat ticking are almost universally understaffed. Our quality of life here is dependent on these people that help keep Steamboat special or even functioning at a basic level. We value these people and feel our Steamboat friends shouldn’t lose to a housing shortage.
While I believe in a free market I believe that we can’t afford to lose the core of our community. Fortunately, there is hope. The Yampa Valley Housing authority has been doing a great job building affordable rental apartments using a small tax we put in place a few years ago to leverage federal tax credits and there are 2 more projects in the pipeline, but it isn’t enough. We need a diverse range of rental and ownership opportunities for locals to keep our community strong long term. We are fortunate to have over 50% local ownership here in Steamboat vs. 13% in Summit County. All of our lives are better as a result.
The town is abuzz after the news that a very generous donor or two has stepped up with a $24M donation to the YVHA to purchase the former Steamboat 700 / West Steamboat neighborhoods. This project, which is now being called Brown Ranch, is within Steamboat’s urban growth boundary and has been in our community plans to develop affordable / attainable housing for over 30 years. The two previous development plans that were pursued failed in the end. Now we have the chance to do this as a community if we come together and think creatively. In addition, we listed a property in the mountain area that is ideal for this and had the opportunity to go under contract with the YVHA. This was enabled by an additional $6M donation to deliver many more units in a great location.
We are hopeful that the YVHA, the generous donors, the city, and the county can collaborate to put together smart plans and deliver great options for locals. We encourage them to think differently, remove the barriers that have stopped them before and provide a variety of housing options at a reasonable cost. Our hope is that this also includes reasonable deed restrictions that ensure they serve locals but don’t cause some of these properties to be foreclosed on if an economic downturn were to occur in the future. We have always had to strive to live in Steamboat so these properties still won’t be cheap given costs here. That said donated land and a large promise from the state for infrastructure costs is a huge help to provide more attainable options for locals to rent and own in Steamboat.
We hope that you find some insights in this report that are useful to you. At the same time, the market is very granular so if you want to know about your property or the ones you aspire to have please reach out. We will listen to your questions and give you personalized insights with absolutely no pressure. We know that if we take care of your needs, when you are ready, we will be successful too.
‍—Jon Wade - Broker/Owner
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q3-singlefamily.jpg" alt="Market Update: 2020 Q3 Single-Family Homes" />
Single-Family
The average sales price of single family homes increased 47%. This is a dramatic increase that comes from a combination of increased demand, appreciation (which is probably closer to 20-25% year-over-year for most homes), and very few homes available at lower price points compared to last year which raises the average price in addition to appreciation.
In 2020, the highest sale in this category was $2.2M (see below for luxury homes). In 2021, there were 41 sales above $2.2M. The average sales price for single-family homes has now shifted above $1.5M. There were only 22 sales under $700k in 2021 vs. 58 sales under $700k in 2020 which has a strong impact on the average even if prices hadn’t gone up.
People are spending more time in their homes, which makes space even more important. We are also seeing more people gravitating to rural living. YVEA / Luminate is bringing fiber Internet to Hayden, Clark, and South Routt before Steamboat and Starlink is slowly rolling out reliable and fast satellite internet making it practical to work and stream in rural areas like we haven’t seen before.
See Luxury Single Family Homes below for how the top 10% of the market by units is doing. We separate these segments so the averages are more meaningful for the bulk of the market. A few luxury sales can distort what is happening in the main part of this market so we report them as separate categories.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q3-luxury.jpg" alt="Market Update: 2020 Q3 Luxury Homes" />
Luxury Single-Family
The Luxury segment includes the top 10% of Single-Family homes. Looking at these separately gives us better insight into both the luxury and traditional single-family home markets.
This entire segment has shifted upward. In 2021, all of the sales were above $3.4M, and in 2020 the baseline to be in the top 10% was $2.3M. In 2020, the highest sale was $7.45M, in 2021 there were 4 sales at or above this price point. These three sales included the finest ski-in/ski-out home in Steamboat for $10M, and two in Storm Mountain Ranch on lots worth over $5M that sold for $11.2 and $11.5M.
The sales of luxury homes have continued to be strong as people adjust their home purchases to match the increased time they are spending here. Both the level of quality and design of these homes, as well as building costs, have increased, resulting in higher prices.
Inventory continues to be constrained or sales would be higher as demand in this segment is strong and prices are adjusting in response.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q3-townhomes.jpg" alt="Market Update: 2020 Q3 Townhomes" />
Townhomes
The average sales price of Townhomes increased by 20% vs. a year ago. The reason for the 'relatively' small increase in average sales price compared to other segments in this report, was the mix of the units that sold. In 2021, 57 of the 145 sales (39%) were over $1M vs. 16 of 53 sales (30%) were over $1M in 2020. This was balanced out by significantly more sales under $500k in 2021. There were 42 sales under $500k, including 5 townhomes that sold in Clark and Glen Eden for under $125k with restricted owner use. In 2020, there were only 14 townhomes that sold under $500k.
It is worth noting that 15 of the townhomes that closed for $415-516k are a part of a new development called Fox Springs. Their prices would have been significantly higher, but most went under contract before we saw appreciation. They closed at much lower prices than a typical 30-50 day close, due to the fact that it took over a year to build them.
Townhomes/Duplexes continue to become a more important part of the market from $200K to $2M as Single Family home prices continue to go up and people appreciate their convenience. We expect more people to go this way even as low supply compared to demand is limiting sales in this segment.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q3-condos.jpg" alt="Market Update: 2020 Q3 " />
Condos
In the 3rd quarter (similar to single-family homes), the units sold in 2021 decreased compared to the number of units sold in 2020. In 2020 there were 155 Condos that sold vs. 94 in 2021 - a decrease of 39%. Just remember that Q3 of 2020 basically caught up from very few sales in Q2 while we were shut down then took off as more people could be here more than before. That said because of the strong first half of the year - the units sold were still up 14% through the first 9 months.
Similar to single-family homes, in most situations, the average price appreciated in the range of 15-25%. As in the paragraph above the remaining increase in average price is a result of many more high-end sales and fewer entry-level sales.
While prices increased many more high-end condos like One Steamboat Place sold so the average price went up much more than the price of any particular condo. For instance in 2021 so far we have had 11 sales in One Steamboat Place that were all over $2M vs. 2 in the first 9 months of 2020. It is worth noting that there were few OSP condos available in 2020 while in 2021 there are considerably more as people upgrade within the building or to larger properties. Our entire market had 47 condo sales over $1M in 2021 vs.11 sales of over $1M in 2020
The mid-range was where the largest increase in sales occurred. In 2021, there were 135 sales between $500K-1M and in 2020, there were 60 sales. This increase in units available in this range also contributed to the increase in the average sales price.
For our entry-level market, there were 10 sales below $250k in 2021 vs. 27 sales below $250k in 2020. In 2021 many properties appreciated out of this price range and locals were more likely to hold onto their homes.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q3-hayden.jpg" alt="Market Update: 2020 Q3 Hayden" />
Hayden Homes
The Hayden market saw strong appreciation over the past year due to increasing prices in Steamboat and the completion of the new Hayden K-12 school. Local amenities such as Yampa Valley Brewing Company and Wild Goose Coffee at the Granary, have also helped to create a thriving community.
In 2020, Hayden had a stronger pause in real estate closings than other areas of Routt County. Looking at the breakdown, in 2020, there were 10 sales in Q1, 4 sales in Q2, and 19 sales in Q3. 2021 saw the momentum continue through Q2. There were 15 sales in Q1 and 20 sales in Q2 and 20 sales in Q3.
The market continues to progress in Hayden. 5 of 33 (or 15%) of the sales in 2021 were at or above $400K. In 2021, 35 of the 55 (or 64%) sales that closed were at or above $400K. The story is that demand came back strongly as more people recognized how great of a town Hayden is and there were more homes for sale and at higher price points - including many newer homes.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q3-phippsburg-yampa-oak-creek.jpg" alt="Market Update: 2020 Q3 Phippsburg /Yampa/Oak Creek Homes" />
Phippsburg /Yampa/Oak Creek Homes
Of these three areas, Oak Creek has been the most popular this past year--accounting for 18 of the 27 sales in 2021.
There was only 1 sale above $500k in 2020* vs 10 sales above $500k in 2021.
We love seeing the restaurants in Oak Creek continue to increase in quality and quantity. Our group always stops by for a bite to eat when we are out that way. We would be remiss if we didn’t mention the Antlers restaurant and bar in Yampa, which is the perfect spot for dinner after a scenic drive, bike ride, or hunting trip. It is also exciting to see Oak Creek working on a new greenway trail through town.
There were 10 sales above $500k in 2021 vs. only 1 sale above $500k in 2020*.
*To give a fair representation of the market, we did not include the sale Q1 2020 sale of a $5.8M 755 acre ranch with a 3bd / 2ba 1,847 sqft home in the average or median numbers. It is only in total sales. Most of the value was in the land since it backed up to National Forest and including it in the averages would have distorted what is happening for most homes.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q3-stagecoach.jpg" alt="Market Update: 2020 Q3 Stagecoach" />
Stagecoach
More people are seeing the year round beauty of Stagecoach combined with its ample recreation opportunities. The average price growth in this segment of the market was due to increases from the entry level to high end homes. In 2021, there was only one sale below $400k. In 2020 there were 13 sales below $400k. In 2021 there have been 3 homes sold for over $1M vs. only 1 sale at $1M in 2020.
As Steamboat Springs home prices continue to increase, we expect Stagecoach will continue to be an active market and see more $500K+ sales. We love Stagecoach for its access to great recreation on the lake, fishing in the Tailwaters, and access to trails in the National Forest.
Steamboat Springs Market Update: 2021 First Half
We are having many deep conversations with people regarding the market, their goals, and their thought process during this time. Some people are waiting - in that case, we advise them to watch the market and prepare until they are comfortable taking their next step.
After a good discussion of the pros and cons, most people see quality time outdoors with their loved ones as the biggest factor. They are confident that people are buying for the same reasons, they can be here more, and will value being in Steamboat long term.
Our goal at The Steamboat Group is to help you make informed decisions about real estate in Steamboat. We know that you are smart so we work hard to help you be smart about owning in Steamboat. Scroll down for a concise yet informative guide to what is happening in the Steamboat Springs Real Estate market - Notable trends, changes, and shifts over time. Just let one of us know if you have any questions.
‍—Jon Wade - Broker/Owner
The Steamboat Update
As you know real estate markets across the country are busy and often described as crazy. Our goal here is to dig deeper and explain what we are seeing here in Steamboat, along with the top level reasons behind it. That way you are in a position to make smart choices for yourself.
Things are busy in Steamboat and we are seeing multiple offers on many but not all properties that come on the market. We talk with brokers across the country in our key feeder markets like Denver, Houston, Minneapolis, other resorts, and the big cities on the coasts. So far things are much more reasonable in Steamboat than in most of these cities.
While it does feel crazy to us we think a better description is competitive. On the most basic level, more people can now be in Steamboat more of the time. Inventory is about a fourth of what we had in the Spring of 2020, which we thought was tight at the time. It comforts us to see that nearly all buyers have come to Steamboat for years and planned to own a place here at some point. Additionally, it is comforting that purchases have been around 50% cash purchases for 5 years, the loan process is truly qualifying buyers, there are very few investors, and people plan to own for a long time. While encouraging that 50% of purchases are cash purchases, it is important to remember that this means about 50% of buyers are successful with purchasing homes with loans. We have strategies to beat cash offers, so don’t lose hope.
As we all know, there will always be ups and downs in any market so we recommend buying or owning a place you can afford when the economy is weaker because owning in Steamboat should make your life better. Be careful if anyone tells you it will only go up.
‍Steamboat has always been a great place to be and now more people have the flexibility to be here since they can work from home. Steamboat’s special community, great school and overall lifestyle is even more desirable. Location-neutral workers in Steamboat have gone from 30% in 2019 to (we believe) over 40%.
Long term, the experts are predicting that over twice as many people will continue to work from home. This also means many people that could be here 1-4 weeks before can now be here 1-4 months a year since they have proven their ability to perform remotely and highly value that flexibility.
The real story on the demand side is that more people can now be in Steamboat for extended periods of time or even full time. Nearly everyone who is buying plans on using their home and it is not just for investment. At the same time, buyers are thoughtful about the market and feel good about Steamboat long term.
On the supply side, the amount of new development has been much lower than demand.
This has been the case for a long time, even in a strong market, as there has been very little new development in both neighborhoods and big buildings. In 2005-2008, there was a huge amount of development, speculative buying, and high levels of supply, which is not the case now. In addition, some people have waited to sell given the events of the last year and others are concerned that they won’t be able to get something else if they do sell. With inventory at 1/4 or less of 2019 (a strong market), it would take twice as many Sellers coming to market and half as many buyers or some combination to return us to a market like 2019.
Please reach out with questions. We have strategies that work well to achieve your goals in all of these situations.
Reading the Segments Below - Some Context
As you look at this report you will see some pretty dramatic increases in average sales price year-over-year. However, we must look beyond the numbers to fully make sense of these increases. For example, the average price of Single Family homes in the Steamboat School district increased 70%. However, the price of any particular home didn’t go up nearly that much. The truth is, there were fewer sales on the lower end of the price spectrum and many more sales of higher-priced homes. This resulted in the averages rising considerably more than actual values increased. We encourage you to look next to each graphic for the story behind what is happening in each part of the market.
Right now we are seeing large numbers of homes for sale, at all price points, with just a few pictures, often with a cell phone, not doing a 3D tour, and skipping most marketing. We know that while the property will likely still sell we are committed to going above and beyond to get you a great result. We believe it is time to keep improving, continuing to work hard to set the highest standard for marketing, target the most likely buyers to create excitement / get more offers and striving to get our clients the best terms. If you are looking to sell and then buy another property, we have several strategies to make this work. Give us a call and we can discuss how to achieve your goals.
YVHA - Updates for Housing Moving Forward
All of this has brought many challenges for locals including the low availability and high prices of places to rent or buy. One of Steamboat’s biggest strengths is our community. Our quality of life here is dependent on the people that help keep Steamboat special. While I believe in a free market I also believe that we can’t afford to lose the core of our community. The Yampa Valley Housing authority has been doing a great job building affordable rental apartments using a small tax we put in place a few years ago to leverage federal tax credits.
That definitely helps but we need a range of rental and ownership opportunities for locals to keep our community strong long term. We are fortunate to have over 50% local ownership here in Steamboat vs. 13% in Summit County and all of our lives are better as a result.
Fortunately, a very generous donor or two has stepped up with a $23M donation to the YVHA to purchase the former Steamboat 700 / West Steamboat neighborhoods project within our urban growth boundary. This area has been in our community plans to develop with a large component of affordable housing for locals for over 30 years. The two previous developments plans that were pursued failed in the end. We can do this as a community if we come together and think creatively.
We are hopeful that the YVHA, the generous donors, the city, and the county can come together to solve this. We encourage them to remove the barriers that have stopped it before and provide a variety of housing options at a reasonable cost. The hope would be this also includes reasonable terms that don’t cause some of these properties to be foreclosed on if an economic downturn were to occur in the future. We have always had to strive to live in Steamboat so these properties still won’t be cheap given costs here. However, the hope is these properties can be achievable options for more individuals.
We hope that you find some insights in this report that are useful to you. At the same time, the market is very granular so if you want to know about your property or the ones you aspire to have please reach out. We will listen to your questions and give you personalized insights with absolutely no pressure. We know that if we take care of your needs when you are ready, we will be successful too.
The Steamboat Group - 6x Best of the Boat Real Estate Agent & 2x Best of the Boat Real Estate Firm.
<img src="https://assets.site-static.com/userfiles/1597/image/2021_normal_market_stats_sf_q2_correct.jpg" alt="Market Update: 2021 Q2 Single-Family Homes" />
Single Family
The average sales price increased 70%. This is a dramatic increase that comes from a combination of increased demand, appreciation (which is probably closer to 15-25% year-over-year for most homes), and very few homes available in lower price points compared to last year which raises the average in addition to appreciation. Plus, in April and May of 2020 (or 1/3 of the first half), unit sales were down about 50% vs 2019 vs. the same months in 2020 due to the shutdowns. In 2021, April and May had 20 closings in this segment in 2020 vs. 39 in 2021. In 2019 - there were had 43 closings in April and May. This makes the recovery in 2021 more dramatic.
In 2020, the highest sale in this category was $1.7M (see below for luxury homes). In 2021, there were 41 more sales above $1.7M. The average sales price for single-family homes has now shifted above $1.5M. There were 28 sales under $700k in 2020 vs. only 12 sales under $700k in 2021 which has a strong impact on the average.
People are spending more time in their homes, which makes space even more important. We’re also seeing people gravitating more to rural living. We are seeing YVEA / Luminate bring fiber Internet to Hayden, Clark, and South Routt before town and Starlink now has reliable and fast satellite internet rolling out nationwide making it practical to work and stream in rural area like we haven’t seen before.
Some nice homes, just west of town, in neighborhoods like Steamboat II, Silver Spur, and Heritage Park are still available in the $700K to $1M range and a new K-8 school is being built there. That said we are seeing demand and sales in Silver Spur for $1.5-1.8M homes.
See Luxury Single Family Homes below for how the top 10% of the market by units is doing. We separate these segments so the averages are more meaningful for the bulk of the market. A few luxury sales can mask what is happening in the main part of this market so we report them as separate categories.
The Steamboat Group gave over $90,000 back to our valley in 2020 and over $50,000 in 2021 so far to honor our commitment to helping keep Steamboat special.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q2-luxury.jpg" alt="Market Update: 2021 Q2 Luxury Homes" />
Luxury Single Family
The Luxury segment includes the top 10% of Single-Family homes (units) by value. Looking at these separately gives us better insight into both the luxury and traditional single-family home markets.
This entire segment shifted upward. In 2021, all of the sales were above $3M. In 2020, only 33% of the sales were above this price point. In 2020 the highest sale was $7.45M, and in 2021 there were 3 sales above this price point.
These three sales included the finest ski-in ski-out home in Steamboat for $10M, and 2 in Storm Mountain Ranch on lots worth over $5M. These 2 sold for prices of $11.2 & $11.5M. If we remove these 3 sales, the average price goes down by $1.7M. As a result, and the increase in average price is up 71% which is in line with the rest of single-family homes vs.100.5% including these 3 sales.
The average $/sq ft of homes sold increased dramatically due to the increase in the average price. In 2020, the average size of the home sold in this segment was 4,207 sqft. In 2021, the average size of the home in this segment was 4,473 sqft. This was only a 6% increase in the size of homes. The average price, in this case, was primarily influenced by the 3-5 times more valuable land from the top 3 homes in this segment.
We put our client's interests first, have very high standards for our group. Fortunately, people noticed and we were 50-205% more productive per broker than any other Top 5 Steamboat Firm in 2021.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q2-townhomes.jpg" alt="Market Update: 2021 Q2 Townhomes" />
Townhomes
Average sales price increased 14.2% vs. a year ago. The reason for the 'relatively' small increase in average sales price compared to other segments in this report, was the low to high-end mix of the units that sold. In 2020, 16 of 53 sales (30%) were over $1M vs. 37 of the 99 sales (38%) in 2021. On the opposite end of the spectrum, this was balanced out by significantly more sales under $500k in 2021. In 2020, there were 14 townhomes that sold under $500k. In 2021, there were 33, including 5 townhomes that sold in Clark in Glen Eden with restricted owner use that were all under $125k. If you take out these units in Clark the average sales price would be over $1M.
15 of the townhomes that closed in the first half for $415-516K are a part of a new development called Fox Springs. Their prices could have been significantly higher, but most went under contract before we saw as much appreciation.
Townhomes/Duplexes continue to become a more important part of the market from $200K to $2M as Single Family home prices continue to go up. We expect more people to go this way even as low supply compared to demand is limiting sales in this segment.
We are proud to have helped 148 people/families in 2021 so far- the most of any team or agent.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q2-condos.jpg" alt="Market Update: 2021 Q2 " />
Condos
Both the number of sales (+104%) and the average price (+71%) were up significantly. The number of sales was a result of increased demand from people who can now spend more time in Steamboat. Similar to single family homes, in most situations the average price appreciated in the range of 15-20%. Statistically the increase is a result of many more high-end sales and fewer entry-level sales.
Specifically, we saw 9 sales in One Steamboat Place that were all over $2M. Our entire market had 3 sales of $1M in 2020 and 29 sales over $1M in 2021.
The mid-range was where the largest increase in sales in units occured. In 2020, there were 19 sales between $500K-1M, in 2021 there were 93 sales. This increase in units in this range also contributed to the increase in the average sales price.
For the entry-level market, there were 15 sales below $250k in 2020 and 7 sales below $250k in 2021 as many properties appreciated out of this price range and locals were more likely to hold onto their homes.
We are grateful to be chosen by so many of you to help with your needs.
<img src="https://assets.site-static.com/userfiles/1597/image/2021_hayden_market_stats_q2_correct.jpg" alt="Market Update: 2021 Q2 Hayden" />
Hayden Homes
The Hayden market saw strong appreciation over the past year due to increasing prices in Steamboat, the new Hayden K-12 school project, having a brewery & coffee shop, and a thriving community as a result.
In 2020, the uncertainty of last year gave a much stronger pause in real estate closings than other areas in NW Colorado. Looking at Q2 (April, May, and June) in isolation - there were only 2 sales in these 3 months vs 13 in 2019. 2021 saw the momentum continue through Q2. Looking at 2021, there were 15 sales in Q1 and 19 sales in Q2.
Total sales in $ were 304% of 2020. For a better comparison Sales in the first half of 2021 were up 112% compared to the same time frame in 2019 which takes out the pause we saw in 2020.
The market continues to progress in Hayden. 50% of the sales in 2021 were at or above the highest sales from 2020. In 2020, the highest sale in Hayden was $405,000. In 2021 17 of the 34 sales that closed were at or above $405,000. The story really is that there were more homes for sale and at higher price points including many newer homes.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q2-phippsburg-yampa-oak-creek.jpg" alt="Market Update: 2021 Q2 Phippsburg /Yampa/Oak Creek Homes" />
Phippsburg /Yampa/Oak Creek Homes
Oak Creek has been the most popular area of these 3 over the past year and has accounted for 10 of the 17 sales in 2021. The highest sales price in 2020 was $485k*. In 2021, 35% or 6 sales were above this price.
We love seeing the quality and number of restaurants in Oak Creek continue to increase and always try to eat there when we are out that way. We would be remiss not to mention the Antlers in Phippsburg which is great for dinner as part of a nice drive or bike ride.
*To give a fair representation of the market, we did not include the sale Q1 2020 sale of a $5.8M 755 acre ranch with a 3bd / 2ba 1,847 sqft home in the average or median numbers. It is only in total sales. Most of the value was in the land since it backed up to National Forest and including it in the averages would have distorted what is happening for most homes.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q2-stagecoach.jpg" alt="Market Update: 2021 Q2 Stagecoach" />
Stagecoach
Essentially, this entire segment shifted upward. The average price growth in this segment of the market was due to both an increase in the lowest sales price and an increase in the highest sales price. The lowest-priced sale in 2020 was $355k and the highest was $1M. In 2021, the lowest priced sale was $425k and the highest was $1.6M. Additionally, in 2020 only 23% of the sales were above $650k vs 57% of the sales in 2021.
As Steamboat Springs home prices continue to increase, we expect Stagecoach will continue to be an active market and see more $600K+ sales. We love Stagecoach for its access to great recreation on the lake, fishing in the Tailwaters, and access to trails in the National Forest.
Note: Stagecoach is technically in Oak Creek but for MLS purposes. Stagecoach is a separate area and it performs a bit differently so we report it on its own.
Steamboat Springs Market Update: 2021 First Quarter
We are having many deep conversations with people regarding the market, their goals, and their thought process during this time. Some people are waiting - in that case, we advise them to watch the market and prepare until they are comfortable taking their next step.
After a good discussion of pros and cons, some are taking a closer look at the market and proceeding cautiously with their long-term plans to be in Steamboat.
Others see quality time outdoors with their loved ones as the biggest factor and are confident that the market will perform well over the 5-20 years they plan to own here.
Our goal at The Steamboat Group is to help you make informed decisions about real estate in Steamboat. Scroll down for a concise, yet informative guide to what is happening in the Steamboat Springs Real Estate market, including notable trends and changes over time.
‍- Jon Wade - Broker/Owner‍
The Overall Market
As you know real estate markets across the country are busy and often described as "crazy". Our goal here is to dig deeper and explain what we are seeing here in Steamboat, along with the top-level reasons behind it.
Things are busy in Steamboat, and we are seeing multiple offers on most but not all properties that come on the market. We talk with brokers across the country in our key feeder markets like Denver, Houston and Minneapolis, as well as other resorts and the big cities on the coasts. So far, things are much more reasonable in Steamboat than in most of these cities.
While the market may feel "crazy" , we think its better described as competitive. Steamboat has always been a great place to be and now more people have the flexibility to be here since they can work from home. Location-neutral workers in Steamboat have gone from 30% in 2019 to well over 40% now. Long term, the experts are predicting that over twice as many people will continue to work from home as in 2019. I’ll add that this also means people that could be here 1-4 weeks before can now be here 2-4 months a year.
The real story on the demand side is that more people can now be in Steamboat for extended periods of time or full time. Most people who planned to be here can do it earlier now. Nearly everyone who is buying plans on using their home and it is not just for investment. Buyers have been very well qualified for their loans unlike in 2007 and 50% or more are purchasing with cash.
On the supply side, the amount of new buildings has been much lower than demand for a long time. There has been very little new development (neighborhoods) for a long time. In addition, some people have waited to sell given the events of the last year, and others are concerned that they won’t be able to get something else if they do sell. If you fall into the later, please reach out with questions. We have strategies that work well to address selling and buying here in Steamboat at the same time.
As you look at this report you will see some pretty dramatic increases. However, many of these increases can be described when looking at the specific details behind just the numbers. We encourage you to look next to each graphic for the story behind what is happening in each part of the market.
As we work with Buyers we are having deep discussions on what is happening in the market and their goals. When the right property comes on the market we coach them on winning strategies along with the tradeoffs involved. Then they can make the best choices for them as they choose the price and terms to make an offer that is much more likely to be successful. We are also having a fair amount of success reaching out to owners of properties that our buyers are looking for and reaching a deal before they hit the market so ask us if that is appealing to you.
For Sellers, we know most things will sell quickly, but at the same time, it is even more important to nail the marketing than get it in front of the most qualified buyers that are looking for similar properties immediately. Because with more offers we can significantly increase your chances of getting not only a higher price but getting you an appraisal gap, waiving the appraisal, or a cash offer along with limited contingencies so you have a smoother closing process.
Right now many brokers are taking just a few pictures, often with a cell phone, skipping most of their already limited marketing tools, not doing a 3D tour so people out of town can see if it is fit, etc. We know that while the property will likely still sell we are committed to going above and beyond to get you a great result. We believe it is time to keep improving, continuing to work hard to set the highest standard for marketing, target the most likely buyers to create excitement / get more offers, and are doing even more now to get our clients the best terms. If you are looking to sell and then buy another property, we have several strategies to make this work so don’t give up, give us a call and we can discuss how to achieve your goals.
We hope that you find some insights in this report that are useful to you. At the same time, the market is very granular so if you want to know about your property or the ones you aspire to have please reach out. We will listen to your questions and give you personalized insights with absolutely no pressure. We know that if we take care of your needs when you are ready we will be successful too.
Our goal at The Steamboat Group is to help you make informed decisions about real estate in Steamboat then help enable you to reach your goals. Scroll down for a concise yet informative guide to what is happening in the Steamboat Springs Real Estate market - Notable trends, changes, and shifts over time.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q1-singlefamily.jpg" alt="Market Update: 2020 Q3 Single-Family Homes" />
Single Family
The average sales price increased 47%. While this is a dramatic increase - it is really a combination of increased demand, appreciation (which is probably closer to 15%+ year over year), and homes not being available at lower price points. People are spending more time in their homes so they are looking for more space and they are also gravitating more to rural living.
Sales volume was up over 2 times despite low inventory this segment was incredibly active. Basically, while there is very little on the market at one time there is a steady stream of homes coming on the market and they sell quickly. On April 7, there were 42 single-family homes available compared to 55 sales in Q1.
This time of year is stronger for 2nd home purchases and the bidding is competitive. To some extent, locals are staying in place, which we expect in the winter, so it will be interesting to see how many choose to enter the market this summer as sellers.
In 2020, the highest sale in this category was $1.8M (see below for luxury homes). There were 17 sales above this price that sold in 2021 vs. 2020. The center of the single-family home market has now shifted above $1M and we expect this to remain even if more locals choose to sell this summer. There were 12 sales under $700k in 2020 vs. only 4 sales under $700k in 2021.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q1-luxury.jpg" alt="Market Update: 2020 Q3 Luxury Homes" />
Luxury Single Family
The Luxury segment includes the top 10% of Single-Family homes (units) by value. Looking at these separately gives us better insight into both the luxury and traditional single-family home markets.
This segment is unique because at this price point combined with low volumes a few sales can shift the averages considerably.
Values of most homes are up 10-15% in the last year but the average price moved dramatically based on 1 of the 5 homes that sold.
In 2019 the highest sale was $7.45M vs $11.5M in 2021. The sale, in 2021, was a home with most of its value in the land just outside of Steamboat on 470 acres. When comparing these 2 sales, the home in 2020 was 14,000 sq ft and the price was more reflective of the size of the home. In 2021, the $11.5M home was 4,100 sq ft where the value of the sale primarily reflected the 470 acres of land the home was on. This land is the biggest factor that drove the $/sq ft up 58%
The average $/sq ft of homes sold increased dramatically due to the sale in 2021 being significantly smaller in size vs the sale in 2020, whose square footage was 14,759 sqft. That is the primary driver of the 39% increase in the $/sqft and the 50% average sales price. If we remove those two large sales the $/sf decreased $3 even though the value of every home is up. The number of sales in this segment is so low that when particular homes sell can skew the numbers outside of what is really happening.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q1-townhomes.jpg" alt="Market Update: 2020 Q3 Townhomes" />
Townhomes
The average sales price did not change dramatically in the first quarter of 2020. Looking at the increase in the median, in this case, a probably more representative portrayal of the average townhome increase in price in the past year (at +15%)
The reason for the smaller increase to the average sales price vs the median was the relative balance of the type of units that sold. In 2020 10 of 21 sales (48%) were over $1M vs. 19 of the 42 sales (45%) in 2021 were over $1M. Included in this were 8 sales in 2021 that were higher than $1.6M (which was the highest sales price in 2020). However, on the opposite end of the spectrum, this was balanced out by significantly more sales under $500k in 2021. In 2020 there were only 4 townhomes that sold under $500k. In 2021 there were 17, including 4 townhomes that sold in Clark that were all under $125k.
7 of these townhomes closed in the first quarter for $400-500K that is a part of a new development called Fox Springs but went under contract earlier and would have sold for a couple of steps more now.
Townhomes/Duplexes continue to become a more important part of the market from $200K to $2M as Single Family home prices continue to go up. We expect more people to go this way even as low supply compared to demand is limiting sales in this segment.
It's worth noting that the average price / sf is similar to homes given people are attracted to the higher finish level they can get at the same price point along with a bit lower perceived maintenance.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q1-condos.jpg" alt="Market Update: 2020 Q3 " />
Condos
Both the number of sales (+53%) and the average price (+59%) were up significantly. The number of sales was a result of increased demand from people who can now spend more time in Steamboat. The average price is a little more complicated in that some of it is appreciated in the range of 15-20% and the rest is that there were many more high-end sales and fewer entry-level sales.
This quarter we saw 4 sales in One Steamboat Place that were all over $2M. In 2020 there were no sales over $1.6M - these 4 increased the average sales price alone by $110k (15%). Based on a few conversations, we believe that these owners that sold chose to move to a home and others were happy to find a larger place on the mountain.
In Q1 2021 there were 41 sales over $575k. In 2020 there were just 6.
For the entry-level market, there were 5 sales below $225k in 2020 and 0 sales below $225k in 2021 as many properties appreciated out of this price range and locals were more likely to hold onto their homes.
This was also a year that people saw the value of being more flexible in what they buy to get here with the limited supply. Condos were a great way to get their foot in the door while they look for the place that fits their long-term goals. That said, this is happening across the board from condos to homes.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q1-hayden.jpg" alt="Market Update: 2020 Q3 Hayden" />
Hayden Homes
The Hayden market saw strong appreciation over the past year due to increasing prices in Steamboat, the new Hayden K-12 school project, having a brewery & coffee shop, and an increasing sense of community.
Hayden is becoming an even better place to live and we love seeing more young professionals see it as a great place to live.
The market continues to progress in Hayden. 60% of the sales in 2021 were at or above the highest sales from 2020. In 2020, the highest sale in Hayden in Q1 was $405,000. In 2021 9 of the 15 sales that closed were at or above $405,000.
Under the $405k, there were 7 homes that sold in 2020 and 6 homes that sold in 2021. The story really is that there were more homes for sale and at higher price points including many newer homes.
The average number of bedrooms in the homes that sold were 3.25 in 2020 and 3.4 in 2021. So the homes were just a little bigger, it truly was an increase in the average price point.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q1-phippsburg-yampa-oak-creek.jpg" alt="Market Update: 2020 Q3 Phippsburg /Yampa/Oak Creek Homes" />
Phippsburg /Yampa/Oak Creek Homes
Oak Creek has been the most popular area of these 3 over the past year and has accounted for 3 of the 4 sales both years. While this allows for accurate comparison in types of homes sold, there were only 4 sales. The highest sales price in 2020 was $465k* vs $365k in 2021 with so few sales this isn’t significant since we know that each individual home is worth more than it was a year ago.
Similar to Hayden, we anticipate these three areas to increase in popularity as people look for single-family homes outside of Steamboat Springs.
We love seeing the quality and number of restaurants in Oak Creek continue to increase and always try to eat there when we are out that way.
To give a fair representation of the market, we did not include the sale Q1 2020 sale of a $5.8M 755 acre ranch with a 3bd / 2ba 1,847 sqft home in the average or median numbers. It is only in total sales. Most of the value was in the land since it backed up to National Forest and including it in the averages would have distorted what is happening for most homes.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-q1-stagecoach.jpg" alt="Market Update: 2020 Q3 Stagecoach" />
Stagecoach
Essentially the entire segment shifted upward. The average price growth in this segment of the market was due to both an increase in the lowest sales price and an increase in the highest sales price. The lowest sale in 2020 was $375k and the highest was $840k. In 2021, the lowest sale was $479k and the highest was $1.2M
The $/sq ft increased (+32%) almost the same amount as the average sales price (+36%). The average sq ft of homes sold in 2020 was 2,932 vs 3,002 in 2021.
As Steamboat Springs home prices continue to increase, we expect Stagecoach will continue to be an active market and see more $600K+ sales.
Note: Stagecoach is technically in Oak Creek but for MLS purposes Stagecoach is a separate area and it performs a bit differently so we report it on its own.
When Results Matter, Contact The Steamboat Group.
<a href="mailto:jon@thesteamboatgroup.com?subject=I Read the Steamboat Report and Have a Question">Click here to contact Jon to learn how we can help you.</a> <a href="mailto:jon@thesteamboatgroup.com?subject=I Read the Steamboat Report and Have a Question">Jon@TheSteamboatGroup.com</a>
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Steamboat Springs 2020 Real Estate Market Update
COVID has shaped the real estate market, for better or worse, in Steamboat Springs. Let's take a look at what that means for people who want to buy a home in the Boat.
Top 5 Things to Know About the Steamboat Market
‍1. More people can be in Steamboat more of the time and are less attached to where they were living. Many people now have more flexibility in where they work from and have taken the time to re-evaluate their priorities over the last year. Individuals are seeing that they can still work at a high level out of the office, and achieve their larger life goals while spending more time in the mountains.
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2. People are spending more time outside, with their families, and in their homes. This is either bringing people to Steamboat, as opposed to other places, or making them re-think their home here. There are not many towns where nearly everything they want to do is 10-30 minutes away. We are also in our homes more often now, which has many people looking for different features or more space.
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3. Green acres are the place to be. We saw a big increase in the popularity of rural homes in 2020. Having more space to roam is appealing as people re-think their goals. Our valley is a rare place to find 35-acre parcels near a ski area that doesn’t cost well over $1M. High-speed internet options in rural areas are improving with Luminate laying fiber to serve rural Routt County, and SpaceX’s Starlink internet delivering high speeds in the beta test—so why not combine your career with a rural ski town life?
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4. More people’s mountain homes became their primary residences in 2020. This year is looking similar. Many people are just as productive, if not more productive, working remotely and more companies are giving their employees the ability to work remotely. So, why not be in Steamboat with our awesome sense of community, schools, and lifestyle?
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5. Land is selling Faster. The market for land is very strong and values are increasing. This is clearly due to the limited inventory of homes, which is pushing more people to build. At the same time, it is increasing the value of existing homes since it is more expensive to replace them. It is often the case that an older home, in need of work, is worth more for the land than the home. There are tradeoffs to consider between building and buying, so let us know if you want to strategize.
What Do You See for the Market Over the Next Few Years/This Winter?
We all know that there will be ups and downs in the economy and real estate market, but there are several factors that we believe make property in Steamboat a good long-term asset.
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Covid-19 pulled in plans for many and the first wave Steamboat's real estate market saw was strong, so many wonder if things will pull back next year. That is a possibility, but many people will have waited a year to purchase a property, in order to see how working remotely goes and whether it is practical long-term. Others didn’t find the property in the first wave and are still actively looking. These interested buyers have been calling us these past few months and are driving a very strong winter market, compared to the more relaxed pace that we are used to.
Steamboat is a great place to live or vacation, and more people are able to be flexible in where they live. This gives us comfort in looking forward.
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Prices are up but increasing values also bring more properties on the market, as current owners consider their goals to sell once they get a certain amount of equity or their needs change.
Inventory is very low, which does make buying more difficult. It also means that it would take much more inventory and lower demand for prices to pull back moderating concerns about current pricing. Basically, we have about 1/4 of the inventory as we started 2020 with; so inventory can go up quite a bit and demand could moderate a fair amount before we would expect prices to decrease.
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In a way, nothing has changed. Steamboat is a great place, with a wonderful community that many people aspire to be a part of. This has been true for a long time and we don’t see that changing.
<img src="https://uploads-ssl.webflow.com/5d5ac2d94a2e860dd8b6c52d/601c94120d84e8bcccd28e56_sales_units_graph_december_all-p-1600.jpeg" style="display: block; margin: 20px auto;" alt="Sale Units By Year: 2015-2020" /> <img src="https://uploads-ssl.webflow.com/5d5ac2d94a2e860dd8b6c52d/601c942577d1bddbc059772a_sales_volume_graph_december_all%20copy-p-1600.jpeg" style="display: block; margin: 20px auto;" alt="Sale Volume By Year: 2015-2020" />
The Steamboat Group gave over $90,000 in 2020 to honor our commitment to helping keep Steamboat special.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-single-family-homes.jpg" alt="Market Update: 2021 Single-Family Homes" />
Single Family
The average sales price of a home in Steamboat was up 16% in 2020. More notable though was the 55% increase in total sales. The limited supply and increased number of buyers made this segment very active.
One of the big stories in this segment is the increased popularity of North Routt as rural areas with great recreation opportunities improved faster than the overall market.
In 2019, only 19 of the single-family home sales were in Clark. In 2020, 39 of the single-family sales were in Clark. In 2020, the average sales price of a single-family home in Clark in 2020 was $679k which brought down the average. Now that fiber internet has started to light up the north, we anticipate the popularity and value of North Routt properties to grow.
Many individual homes appreciated more than this, given the activity the last few months so let us know if you are curious what your home is worth now.
See Luxury Single Family Homes below for how the top 10% of the market by units is doing. We separate them out so the insights are more meaningful.
The Steamboat Group - 6x Best of the Boat Real Estate Agent & 2x Best of the Boat Real Estate Firm.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-luxury-single-family-homes.jpg" alt="Market Update: 2021 Luxury Homes" />
Luxury Single Family
The Luxury segment includes the top 10% of Single-Family homes (units) by value. In 2020 it took a $2.5M home to be in the top 10 % vs. $2.3M.
The increase in the median value is more representative of the appreciation in this segment because there were not many homes available over $10m in 2020 vs 2019. If you are curious how much a particular home increased … values and the number of luxury sales increased more in the 2nd half than in the first half so even the median increase is less than what most homes appreciated in 2020.
We saw values of individual homes increase 8-20%. In 2019, there were 2 sales above $10M vs. only 1 sale above $10M in 2020. In 2020 multiple ranches in this price range sold but few with houses on them were available compared to in 2019. Additionally, in 2019, there were only 12 sales between $3-5M vs 21 sales between $3-5M in 2020.
Total Sales volume in this segment is up 39% as more people are able to spend more time here. They are looking for more space and planning to be here more than before and need office space so they often choose to spend more as a result. We also saw quite a few more spec homes in the $3-5M range that were started before this situation (as they take 12-18 months to build) but sold more quickly as a result.
We put our clients' interests first, have very high standards for our group. Fortunately, people noticed and we were 93-305% more productive per broker than any other Top 5 Steamboat Firm in 2020.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-townhomes.jpg" alt="Market Update: 2021 Townhomes" />
Townhomes
Total sales of townhomes were up 50%, and the average price was up 16% as townhomes continued to become a more popular option for people.
The biggest shift here is that sales have moved up into the luxury side of the market. This is driven in part by increasing Single Family home prices and a few new entry-level townhomes are being built. We expect Townhomes/Duplexes to continue to perform well and be a more important part of the market even as low supply compared to demand is limiting sales in this segment.
The sales of over $1M were instrumental in driving up the average sales price. In 2019, 27 of 154 sales (or 18%) were over $1M vs. 55 of the 198 sales (or 28%) in 2020 were over $1M.
It's worth noting that the average price is the same as homes given people are attracted to the higher finish level they can get at the same price point, often a better location, along with a bit lower perceived maintenance.
We are proud to have helped 160 people/families in 2020 - the most of any team or agent. Thank you for making us #1!
<img src="https://assets.site-static.com/userfiles/1597/image/2021-condos.jpg" alt="Market Update: 2021 Condos" />
Condos
This is one of the more consistent segments year-over-year. The shift upwards in sales over $2M and strong demand along with low supply at every level were driving factors of the increased average sales price. In 2019 there were only 10 sales over $1M vs 22 sales above $1M.
Looking at the other side as well we saw a significant decrease in the number of condos worth under $250k on the market. In 2019 - 18% (28/334) were under $250k vs in 2020, 8% (9/395).
Total sales of condos were up 41% reflecting both local demand and the ability of more people able to spend enough time here to justify a second home.
We are grateful to be chosen by so many of you to help with your needs. We continue to serve more people than any other Team or Agent.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-hayden-homes.jpg" alt="Market Update: Hayden Homes" />
Hayden Homes
The uncertainty with COVID-19 had a large impact on the Hayden market. There were almost 50% fewer sales for the first 6 months of the year vs 2019.
Looking at Q2 (April, May, and June) in isolation - there were only 4 sales in these 3 months vs 15 in 2019. However, looking at Q3 and Q4 there were 36 sales in 2020 vs only 27 in 2019. So, while the overall units did not change vs. 2019, the timing of these sales did. We anticipate the momentum to continue and sales in Hayden to increase in 2021 vs both 2020 and 2019
As the price of single-family homes continues to increase in Steamboat we expect the average sales price to continue to increase in areas like Hayden and we expect this market to come back in a similar fashion as the Steamboat market perhaps just a bit slower as local businesses and workers recover.
What we love to see is that Hayden will complete a great new school building, attracting more restaurants, and the community there is strong. Hayden has a bright future in our opinion.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-phippsburg-yampa-oak-creek.jpg" alt="Market Update: Phippsburg /Yampa/Oak Creek" />
Phippsburg /Yampa/Oak Creek
The first half saw a 19% higher average sales price primarily due to a decrease in sales below $250k. In 2019, 48% (20/42) of the sales were under $250k, meanwhile in 2020 26% (10/38) of the sales were below 250k. This is driven by the appreciation these areas are seeing as they follow what is happening in Steamboat resulting in few homes are available under $250K.
To give a fair representation of the prices, we did not include the sale of a $5.8M 755 acre ranch with a 3bd/2ba 1,847 sqft home in the average or median numbers. It is only in total sales and units sold. Most of the value was in the land since it backed up to National Forest and including it in the averages would have distorted what is happening for most homes.
<img src="https://assets.site-static.com/userfiles/1597/image/2021-stagecoach.jpg" alt="Market Update: Stagecoach" />
Stagecoach
The appeal of rural homes with recreation close by has increased faster than the overall market which is particularly true in Stagecoach.
The average price was driven by the price point shift above along with a $5M ranch that also made up 16% of total sales volume. Even without it sales still almost doubled.
As Steamboat Springs home prices continue to increase, we expect Stagecoach will continue to be an active market and see more $500K+ sales.
Note: Stagecoach has an Oak Creek address but it is separate in the MLS and is a distinct market with more of a recreation component so we report it on its own.
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Steamboat Springs 2019 Real Estate Market Update
Our goal at The Steamboat Group is to help our clients make informed decisions about real estate in Steamboat. You are smart and we can help you be smart about Steamboat Real Estate.
Just scroll down for a quick and easy guide to what is happening in the Steamboat Springs Real Estate market - Notable trends, changes, and shifts over time. It is important to note that just because the average price or price per square foot is up a certain percentage that doesn't mean there is that much appreciation for any particular property.
The market is very granular. Averages can be influenced by the availability at different price points, hotter at the higher or lower price points, more new buildings, etc. Give any of us a call to discuss and we can give you a great sense of what is going on in your part of the market.
‍When Results Matter, call The Steamboat Group. Ask for our stats to see why.
The Steamboat Market
Happy New Decade! This is Jon Wade with The Steamboat Group and here are our Top 7 Steamboat Real Estate Market Takeaways from 2019
Real demand from locals, people who want to be in Steamboat more, and location-neutral people moving here along with nearly 50% cash purchases give us comfort in the health of the Steamboat market.
Steamboat is a special community, local buyers made up 50% of sales in 2019 compared to 13% in other towns like Breckenridge. That makes a big difference!
Looking to Land Title Company's data, 2019 will likely end up slightly down in total sales but most values outside of land are up (this analysis does not take land, commercial or fractional sales into account at this time). We expect total sales will end the year at about $850M. That is just over half of the $1.6B in 2007 and nearly every sale is logical price-wise giving us comfort there is reason in the current market.
Limited supply is still a factor in many market segments — specifically, homes under $1.2M, townhomes under $500k, and condos under $350K
Average home prices were up 12%, townhome prices +10%, and condos +8% primarily due to real demand and limited supply.
Higher-end condo sales over $800K, which nearly disappeared in 2018, are back with more re-sales coming on the market and people’s confidence in the market continues to improve
Sales in areas outside of town are up strongly with Stagecoach up 14% and Hayden 12%. In Phippsburg, Yampa, and Oak Creek total sales in dollars were up 32% but the average price was down due to more entry-level homes selling in those areas than in 2018.
<img src="https://assets.site-static.com/userfiles/1597/image/2019-singlefamily.jpg" alt="Market Update: 2019 Single-Family Homes" />
Single Family
This has been one of the best performing segments in the market in 2019 with the average sales price up almost 12%
Continuing for the 2nd year, one of the biggest themes is a lack of inventory in this segment. While we don't report on Days on Market, homes that have been coming on in this segment that are priced well are selling quickly. However, buyers are savvy so if a home is overpriced it will need to adjust to the market at some point to get traction.
While the average sales price of single-family homes has increased, the average sales price for the top 10% of homes, or the Luxury Market, has raised the overall price range included in this Single Family homes segment (the remaining 90%). There were only 2 sales in this segment above $2M in 2018 vs 8 sales above $2.0M in 2019. Conversely, there were 31 sales under $400k in 2018 vs only 18 sales under $400k in 2019.
This does pull up the average sales price & dollars per square foot more than the average home has appreciated. For example, the average $835k home in 2018 is not worth $934k in 2019. The difference is a higher % of people are buying pricier homes and there are fewer homes at lower prices available than in 2017.
See Luxury Single Family Homes below for how the top 10% of the market by units is doing. We separate them so the averages are more meaningful.
<img src="https://assets.site-static.com/userfiles/1597/image/2019-luxury.jpg" alt="Market Update: 2019 Luxury Homes" />
Luxury Single Family
This segment represents the top 10% of Single-Family units with the highest sales prices. We feel that looking at these separately gives you better insight into both the luxury and the traditional single-family home segment.
The big story that drove the 21.6% increase was the shift up in the price points of the homes that sold. In 2018 there were 17 sales from $2M-$3M and 6 sales from $3M-$5M. In 2019 there were only 10 sales from $2M-$3M and 12 sales from $3M-$5M.
The shift in prices up to $3M-$5M was not the lone cause of the increase in the average sales price. This segment is unique because a few sales can shift the numbers considerably. In 2018 the highest was $6.1M and $8.4M. Comparing this to 2019, the highest 2 sales were at $10.2 and $11.6M
We have now gotten to the point that 75% of luxury homes sold are under 7,500 sq ft. This is after a few years of transition from larger homes being the majority. In general, the market is showing a strong preference for smaller homes except on truly exceptional sites. This matches the conversations we are having with buyers who are looking for homes with refined floor plans that are easier to maintain and feel right for their needs. It mirrors the national trend as reported in the WSJ that people are looking for a higher level of quality in a great location with well-thought-out floorplans they can actually use.
<img src="https://assets.site-static.com/userfiles/1597/image/2019-townhomes.jpg" alt="Market Update: 2019 Townhomes" />
Townhomes
The 10% increase in total $ sales volume was mostly unit driven by fewer unit sales in the lower end and more in the higher end of the spectrum.
As Single Family home prices continue to go up and people value convenience more, we expect Townhomes / Duplexes to continue to be an active part of the market at a wide range of price points.
One of the biggest aspects to note is the shift where sales in townhomes took place year over year. Breaking this down into 3 segments paints an insightful picture of what occurred YOY best. In 2018 there were 66 sales under $500k, whereas in 2019 there were only 38 sales under $500k. From $500k-$1M there were 79 sales in 2018 vs 89 sales in 2019. Above $1M there were 20 sales in 2018 vs. 27 sales in 2019.
<img src="https://assets.site-static.com/userfiles/1597/image/2019-condos.jpg" alt="Market Update: 2019 " />
Condos
While the goal of this report is to understand how 2019 changed from 2018, to gain the most insights from this segment, it is important to go back a year further and include 2017. From 2017 - 2018 there was a 6.6% decrease in the average sales price YOY. This was primarily due to a decrease in high-end condo inventory and thus sales. In 2017, there were 24 condos that sold above $800k vs. 12 condos that sold above $800k in 2018. In 2019 more resale condos came on the market so there were 23 condos that sold above $800k.
This brought back the average sales price to $441k in this segment, (2017 average sales price was $437k & 2018 average sales price $408k) which shows how much the luxury condo market has an influence on the average sales price.
Looking at the opposite end of the spectrum in this segment, condos under $400k are almost identical YOY. In 2019, 180 condos under $400K sold vs. 184 in 2018 - only 2% difference year over year.
<img src="https://assets.site-static.com/userfiles/1597/image/2019-hayden.jpg" alt="Market Update: 2019 Hayden" />
Hayden Homes
The Hayden market continued to be very strong in 2019. Increasing prices in Steamboat, the new Hayden K-12 school project, having a brewery & coffee shop, and an increasing sense of community is making Hayden an even better place to live.
New construction became a larger segment of the market in 2019 as overall demand has increased.
Sales volume is down 17% due to the decrease in the overall # of units sold. As of this writing, there are only 13 Hayden homes listed in January 2020. The lack of supply (similar to single-family homes in Steamboat) is a driving factor in the decrease in sales here.
As the price of single-family homes continues to increase in Steamboat we expect this trend to continue in outlying areas like Hayden.
The higher end of the market also increased dramatically. In 2018, 6% of the sales were above $400k vs 17% of the sales above $400k in 2019.
<img src="https://assets.site-static.com/userfiles/1597/image/2019-phippsburg-yampa-oak-creek.jpg" alt="Market Update: 2019 Phippsburg /Yampa/Oak Creek Homes" />
Phippsburg /Yampa/Oak Creek Homes
Similar to Hayden, people interested in the Yampa Valley are exploring areas outside of Steamboat and finding beautiful areas they love. South Routt County is gorgeous and great people live there, so we are not surprised.
This is the only segment in 2019 that saw a decrease in the average sales price. The primary reason for this was that even with the 32% increase in the homes sold there were more entry-level homes that sold in 2019. In 2018, there were only 3 sales below $175k vs 9 sales below $175k in 2019. This decreased the average sales price even when values were up overall.
Thus the average home in this segment is worth more than in 2018 as more people begin to explore areas outside of Steamboat. For a more accurate evaluation of your property or one you might be interested in, please contact us for a personalized market analysis.
<img src="https://assets.site-static.com/userfiles/1597/image/2019-stagecoach.jpg" alt="Market Update: 2019 Stagecoach" />
Stagecoach
Similar to Phippsburg/Yampa/Oak Creek, there were a few higher price point sales that drove this section of the market.
Sales above $600k were the main driver in the average sales price increase. 2018 had only 1 sale above $1M and only 2 sales (including the $1M) above $600k. 2019 had 2 sales above $1M and 7 sales (including the 2 at $1M) above $600k.
Note: Stagecoach is technically in Oak Creek for MLS purposes; however, Stagecoach is a separate area that is not reflected in the Oak Creek data above.
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Steamboat Springs 2018 Real Estate Market Update
Our goal at The Steamboat Group is to help our clients make informed decisions about real estate in Steamboat. You are Smart, we help you be smart about Steamboat Real Estate. Just scroll down for a quick and easy guide to what is happening in the Steamboat Springs Real Estate market - Notable trends, changes, and shifts over time.
It is important to note that just because the average price or price per square foot is up a certain percentage that doesn't mean there is that much appreciation for any particular property. The market is very granular. Averages can be influenced by the availability at different price points, hotter at the higher or lower price points, more new buildings, etc. The first 4 categories cover the Steamboat Springs School district including North Routt.
We point out many of the key things that are driving the market but the only way to know where your property or one that you are interested in is to ask someone who follows the market closely. Zillow is more often than not 10-40% off here in the Yampa Valley. Zillow is much closer to entertainment than fact in our experience.
When Results Matter call The Steamboat Group. Ask for our stats to see why.
<img src="/userFiles/1597/image/2018-singlefamily.jpg" alt="Market Update: 2018 Single-Family Homes" />
Single Family
This has been one of the best performing segments in the market in 2018 with almost all stats hitting the double digits in this segment.
One of the biggest themes is a lack of inventory in this segment. While we don't report on Days on Market, homes that have been coming on in this segment that are priced well are selling quickly.
While the average sales price of single-family homes has increased, the average sales price for the top 10% of homes, or the Luxury Market, has raised the overall price range included in this Single Family homes segment (the remaining 90%). For example, the highest sale included in this segment was $1.53M in 2017 and is now $2.0M in 2018.
This does pull up the average sales price and dollars per square foot more than the average home has appreciated. For example, the average $1.5M home in 2017 is not worth $2.0M in 2018. The difference is a higher % of people are buying pricier homes and there are fewer homes at lower prices available than in 2017.
See Luxury Single Family Homes below for how the top 10% of the market by units is doing. We separate them so the averages are more meaningful.
<img src="/userFiles/1597/image/2018-luxury.jpg" alt="Market Update: 2018 Luxury Homes" />
Luxury Single Family
This segment represents the top 10% of Single-Family units with the highest sales prices. We feel that looking at these separately gives you better insight into both the luxury and the traditional single-family home segment.
In 2018, 20 of the 26 sales were over $2.5M vs. only 6 of 27 sales in 2017. The mix of which homes sold in this range shifted from below $2.5M to above $2.5M. This was the main driver that caused such a large % increase in the average sales price. In this case, the average quality of the homes sold increased more than the value of each home.
This segment is unique because a few sales can shift the numbers considerably. In 2017 there was one sale at $9M. Without this sale, the increase in average sales price would be even higher. We have also seen a shift from high-end condo sales to high-end single-family sales in 2018, as few condos in that range are available.
The highest sale included was $9.0M in 2017 vs. $8.4M in 2018
In 2017 there was only 1 sale over $3.5M, in 2018 there were 8 over $3.5M
<img src="/userFiles/1597/image/2018-townhomes.jpg" alt="Market Update: 2018 Townhomes" />
Townhomes
The 20% increase in total sales volume was mostly unit driven by more sales in both the lower and higher end of the spectrum. The average price is up slightly, but the primary factor that resulted in the increased sales volume was the increase in units sold.
As Single Family home prices continue to go up, we expect Townhomes/Duplexes to continue to be an active part of the market at a large range of price points.
In 2018 there was a 38% increase in the number of sales above $900k and there were also 22% more sales under $500k. Compared to a nominal 6% increase in the amount of sales between $500-900k. This is what led to the relatively stable average sales price which grew 4% even with the high increase in volume.
<img src="/userFiles/1597/image/2018-condos.jpg" alt="Market Update: 2018 Condos" />
Condos
It's interesting that the average sales price is down, but the median is up slightly. That said, most condos are worth 5-15% more than last year. The decrease in average is due to significantly fewer luxury condo sales in 2018 due to a lower supply of those. There were fewer sales in 2018 over $800k (12 in 2018 vs 24 in 2017) but, between $600-800k there were 32% more sales in 2018. This kept the median relatively similar YOY, while affecting the average more dramatically.
This is due to 2 main factors: 1) More people have turned to single-family homes in the higher-end market, as seen above in the single-family stats. 2) There are also fewer options currently available on the market in the higher price range for condos.
Condos under $400k are down 18% YOY. In 2017, 218 condos under $400K sold vs. 179 in 2018 due to lower inventory in this segment and appreciation taking many popular condos above $400K.
In 2017 there were 8 sales over $1.5M, in 2018 there were 3. There were significantly fewer condo sales in places like One Steamboat Place and Edgemont which reduced average sales prices.
<img src="/userFiles/1597/image/2018-hayden.jpg" alt="Market Update: Hayden Homes" />
Hayden Homes
The Hayden market was very strong in 2018. Increasing prices in Steamboat, the new K-12 school project, Having a brewery and coffee shop, and an increasing sense of community are making Hayden an even better place to live.
New construction became a larger segment of the market in 2018 as overall demand has increased.
Sales volume is up 54%, the highest growth segment in 2018. As the price of single-family homes continues to increase in Steamboat we expect this trend to continue in outlying areas like Hayden.
The higher end of the market also increased dramatically. The highest sale in 2017 was $322k. In 2018 there were 16 sales above $322k! As a result, the average price increased 16% while the median only went up 6%.
<img src="/userFiles/1597/image/2018-phippsburg-yampa-oak-creek.jpg" alt="Market Update: Phippsburg /Yampa/Oak Creek" />
Phippsburg /Yampa/Oak Creek
Similar to Hayden, people interested in the Yampa Valley are exploring areas outside of Steamboat. South Routt County is gorgeous so we are not surprised.
Unlike Hayden, which saw a shift in the upper end of the market as a whole, the Phippsburg/Yampa/Oak Creek increase in average sales price, volume and median was driven by just a few sales. In 2017 the highest sale was at $390k. In 2018, there were 5 sales above $390k (at $1.1M, $650K, $635K, $420K & $400K) that drove the average price up so dramatically. Without these 5 sales, the average sales price would have increased 8% vs the recorded 38.8%.
<img src="/userFiles/1597/image/2018-stagecoach.jpg" alt="Market Update: Stagecoach" />
Stagecoach
Similar to Phippsburg/Yampa/Oak Creek there were a few sales that drove this section of the market. The change here is that there were fewer high-end sales in 2018. In 2017, we saw 6 sales above $600K vs. only 2 in 2018.
As Steamboat Springs home prices continue to increase, we expect Stagecoach will continue to be an active market and see more $600K+ sales.
Price per square foot is up 7% while the size of the homes is roughly 8.1% smaller.
Note: Stagecoach is technically in Oak Creek but for MLS purposes. Stagecoach is a separate area that is not reflected in the Oak Creek data above.
We wonder if Hayden is attracting more of this segment of the market given the positive changes and growth there. That is hard to prove, it could be normal variations given sales are only $17M or hopes the Stagecoach Ski area will be re-opened going dormant for now. A few sales make a big difference and inventory could be a factor.
2024-02-02T12:26:00-07:002024-02-22T12:50:27-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:29480Living in Clark: 8 Reasons You’ll Love Living in Northern Routt County<img src="/userFiles/1597/image/living-in-clark.jpg" style="display: block; margin: 20px auto;" alt="What it's Like to Live in Clark" />
Discover the wonders of living in Clark, an idyllic enclave tucked away in the picturesque landscapes of Northern Routt County. Residents enjoy an irresistible fusion of outdoor adventure and alpine tranquility. Whether you're looking for a full-time home in the mountains or a vacation getaway, there are many beautiful <a href="https://www.steamboatsprings-realestate.com/clark/">homes in Clark</a> to choose from. Before you plant your roots in this delightful corner of Colorado, it's essential to understand the nuances of living here. Your Rocky Mountain dream home awaits! Here's everything you need to know before moving to Clark.
8 Reasons to Love Living in Clark
Natural Beauty: Clark's natural setting provides unbelievable views around every corner.
Outdoor Activities: Hiking, mountain biking, skiing, fishing, and hunting are just a few activities residents enjoy right outside their front doors.
Small-Town Charm: Despite its proximity to larger Routt County communities like Steamboat Springs, Clark has remained less developed to preserve its rural atmosphere.
Wildlife Encounters: Living here offers the chance to witness majestic creatures in their natural habitats.
Starry Skies: Routt County actively reduces light pollution, ensuring crystal-clear views of the stars at night.
Close to the Slopes: Clark is conveniently located about 20 miles from <a href="https://www.steamboatsprings-realestate.com/blog/best-steamboat-springs-ski-resorts/" title="Steamboat Springs Ski Resorts">Steamboat Ski Resort</a>.
In-Town Schools: Residents enjoy proximity to a charter school and short commutes to nearby public schools.
Acreage You Can Grow On: Real estate in Clark includes many vacant lots and homes with acreage.
The Clark Lifestyle
Clark is a small community of fewer than 800 full-time residents, with its charm lying in its secluded, rural appeal. The allure of spacious, rural living draws many to Clark, where vast plots of vacant land offer opportunities for agriculture, recreation, or new construction homes. These new houses are perfectly poised to take advantage of Clark's natural allure, making them ideal for full-time residences and vacation homes.
However, amid this development, residents hold a deep reverence for the surrounding environment, making its preservation a fundamental cornerstone of Clark's way of life. Consequently, the harmonious blend of rural lifestyle and respect for natural beauty is a defining feature of Clark, offering a unique, tranquil escape from the bustling activity of city life.
Despite its quiet lifestyle, Clark residents enjoy easy access to nearby towns, including the <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Steamboat Springs Homes for Sale">town of Steamboat Springs</a>, where they can find all their everyday conveniences. Additionally, skiers love living close to the world-famous Steamboat Resort. Other attractions in the area include Hahns Peak and Steamboat Lake State Park.
Types of Homes in Clark
<img src="https://assets.site-static.com/userfiles/1597/image/clark-homes.jpg" alt="What are the Homes Like in Clark?" style="display: block; margin: 20px auto;" />
Given its small size and carefully managed development zoning, the real estate market in Clark often features a limited number of homes for sale at any given time. Almost all of these properties are single-family homes, exuding the charm and character reflective of their mountain surroundings. Prices typically range from around $800,000 for more moderately priced homes to approximately $1.8 million for luxury homes and <a href="https://www.steamboatsprings-realestate.com/clark-waterfront-homes/" title="Clark Waterfront Homes for Sale">waterfront homes</a>.
Architecturally, it's common to find homes that borrow from the log cabin aesthetic, blended seamlessly with modern mountain design elements that pay homage to the breathtaking surroundings. The generous land parcels that come with these homes are a significant draw. It's typical to find homes resting on lots over an acre, with some properties boasting an impressive 200,000 square feet or more of land, further underscoring the spacious appeal of this unique mountain enclave.
Amenities in Clark
Many Clark residents would agree that the town's greatest amenity is its unspoiled landscape and well-protected natural beauty. Still, it's conveniently located near an array of helpful resources.
Local Services
Routt County, which encompasses Clark, provides a host of essential services that ensure the well-being and safety of its rural residents. One such service is water testing, which is crucial for maintaining the community's health. The county tests for potential contaminants to ensure the water supply meets health and safety standards.
To maintain organized growth, Routt County keeps detailed development records related to zoning. These records stipulate what type of buildings and activities can occur on specific parcels of land. The zoning regulations help preserve the rural charm of places like Clark while preventing overdevelopment.
Moreover, Routt County offers other services that address health and safety in its rural environment. These include emergency services, public health initiatives, road maintenance, and wildlife management.
Shopping In & Around Clark
<a target="_blank" href="https://www.clarkstore.com/">The Clark Store</a> is the town's sole and beloved general store. This classic establishment offers residents a curated selection of essential groceries, gifts, a delectable deli, and a liquor store. Stepping inside, you're transported to a bygone era, where community connection is as important as the goods on offer. In the summer and fall, visitors to the Clark Store are treated to expanded offerings in the form of the most quintessential food items: ice cream and pizza. <a href="https://clydespies.com/" target="_blank">Clyde's Pies</a> operates a brick-and-mortar store in downtown Steamboat Springs, but from May–September, they operate a food truck at the Clark Store.
Suffice it to say that some of Colorado's best wood-fired pizza keeps the parking lot full at the Clark Store during summer months.
For those in need of a more extensive shopping trip, a short 20-minute drive will take you to the bustling town of Steamboat Springs. This nearby locale boasts a variety of shops to cater to every need and desire. Everyday conveniences such as supermarkets, pharmacies, and homeware stores are readily available. Steamboat Springs is also home to an assortment of specialty shops, offering everything from outdoor equipment for your next adventure to artisanal goods for a touch of luxury.
Things to Do in Clark
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Clark offers an abundance of things to do! Outdoor activities are the most popular, including hiking, fishing, skiing, and viewing wildlife in the spectacular Rocky Mountains. For those seeking cultural experiences, a short drive to neighboring towns like Steamboat Springs reveals an array of shops, dining options, art galleries, and events like music festivals and farmers' markets. From tranquil nature escapes to lively town attractions, Clark perfectly blends secluded tranquility and vibrant community life.
Outdoor Activities
The great outdoors is a playground in Clark, offering a myriad of recreational pursuits year-round. A nearby highlight, Steamboat Lake State Park, is a hot spot for fishing, boating, and swimming during the warmer months. Paddleboarding enthusiasts can be found on nearby Pearl Lake throughout the summer, while those who prefer to stay dry take part in the extremely popular warm-weather horseback riding.
The neighboring <a href="https://www.steamboatsprings-realestate.com/hahns-peak/" title="Hahns Peak Homes for Sale">Hahns Peak</a>, rising majestically against the Colorado sky and providing stunning <a href="https://www.steamboatsprings-realestate.com/clark-mountain-view-homes/" title="Clark Mountain View Homes for Sale">mountain views for Clark residents</a>, offers an invigorating hiking experience, with breathtaking panoramic views awaiting those who reach its summit.
For winter sports enthusiasts, Steamboat Ski Resort is a mere stone's throw away, boasting some of the region's best skiing and snowboarding slopes. For residents and visitors to Clark who enjoy man-made horsepower, snowmobiling is a hugely popular winter activity in North Routt. Additionally, Routt National Forest is home to some of the best hiking and camping in the state.
Restaurants & Breweries Near Clark
Hahns Peak Cafe is an inviting oasis offering home-cooked food and astonishing mountain vistas. As you tuck into a hearty meal, your senses are treated to panoramic views of the rugged landscape, a sight that is as nourishing as the cuisine. Located just down the street, it serves burgers, sandwiches, and local beer.
The <a href="https://steamboatlakeoutpost.com/" target="_blank">Steamboat Lake Outpost</a>—also located in Clark—serves up burgers, beer, pizza, and pub food in a cozy and lively atmosphere, but the food is just the start of their offerings. The Outpost also features a small convenience store, cabin rentals, and a variety of tours: horseback riding, UTV, fishing, and boat tours.
In the town of Steamboat Springs, residents can find dozens of fantastic restaurants, including Salt & Lime, Back Door Grill, and Low Country Kitchen. Craft beer enthusiasts can sample local pours at Mountain Tap Brewery, Storm Peak Brewing Company, and Yampa Valley Brewing Company Hop House.
Employers Near Clark
Job opportunities near Clark, Colorado, span diverse industries, with Routt County acting as the area's primary employer. The county offers many roles within its various departments, including positions in IT, accounting, human services, public health, and more. This diversity provides an opportunity for residents to pursue fulfilling careers close to home.
Additionally, many locals find employment at the nearby Steamboat Ski Resort, one of the region's prominent attractions, which provides a variety of jobs, especially during the winter months. Tourism-related fields also present substantial job prospects, as the area's natural beauty and outdoor recreational opportunities attract a steady flow of visitors year-round.
Schools Near Clark
<img src="https://assets.site-static.com/userfiles/1597/image/clark-schools.jpg" alt="Schools & Education in Clark" style="display: block; margin: 20px auto;" />
Educational opportunities in Clark cater to all ages and stages of learning. The <a target="_blank" href="https://www.northrouttcharter.org/">North Routt County Community Charter School</a> and North Routt Preschool are the only schools in the town, offering students a conveniently located environment to begin their educational journeys.
The nearby Steamboat Mountain School serves students from pre-K through 12th grade. This charter school provides a robust curriculum and a boarding school option for older students, adding an extra dimension to the educational experience. Moreover, the Steamboat Mountain School expands its students' horizons with study abroad opportunities, providing unique global perspectives and experiences that contribute to a well-rounded education.
Move to Clark & Make the Rockies Your Home
With its unrivaled natural beauty and tranquil lifestyle, Clark is a haven for those seeking a respite from the hustle and bustle of city life. Its strategic location offers the best of both worlds—rural living with convenient access to larger town amenities in nearby Steamboat Springs. The local real estate market, robust community services, and abundant outdoor recreational opportunities make Clark an enchanting place to call home. Clark is a hidden gem in the Rockies, offering a unique, fulfilling lifestyle that's hard to find elsewhere.
2023-07-20T11:29:00-07:002023-08-03T13:32:34-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:28915Is Oak Creek a Good Place to Live? 4 Things to Love About the Oak Crek Lifestyle<img src="/userFiles/1597/image/oak-creek-best-amenities.jpg" style="display: block; margin: 20px auto;" alt="Best Amenities in Oak Creek" />
In the heart of Colorado's breathtaking landscapes is Oak Creek, a town known for its natural beauty, friendly community, and diverse real estate options. Oak Creek offers a unique living experience for residents and visitors alike, whether seeking a peaceful retreat surrounded by mountains and forests or an active outdoor lifestyle with plenty of recreational opportunities close to Steamboat Springs. Discover the highlights of living in this picturesque town and why Oak Creek is the perfect place to call home.
Short Jump to Steamboat Springs
One of the big perks of living in Oak Creek is that it's just a short jump to Steamboat Springs. Living in Oak Creek allows residents to experience small-town life, with all the amenities, festivals, world-class skiing, and other benefits of the bigger town just 20 miles away. Steamboat Springs welcomes more than one million visitors each year thanks to the ski resort, which can make things feel crowded for some. Oak Creek is an excellent choice for those who prefer a slower pace and a more laid-back lifestyle.
Steamboat Springs has large festivals for the holidays every year, including <a href="https://www.steamboatsprings-realestate.com/blog/spooky-steamboat-events-for-halloween/" title="Best Halloween Events in Steamboat Springs">Halloween</a>, Christmas, and the <a href="https://www.steamboatsprings-realestate.com/blog/4th-of-july-in-steamboat/" title="Best 4th of July Events in Steamboat Springs">4th of July</a>. Some local establishments have been open for nearly 100 years—just walking through <a href="https://www.steamboatsprings-realestate.com/old-town/" title="Old Town Homes for Sale">Old Town</a> is a way to find several new favorite stores, restaurants, and pubs. These amenities are less than 30 minutes from Oak Creek, making the community much more attractive.
Steamboat Springs has free public transportation in the form of shuttle buses. Visitors can park in town and take the bus everywhere to save gas!
Closest Town to Stagecoach State Park & Reservoir
<img src="https://assets.site-static.com/userfiles/1597/image/stagecoach-reservoir.jpg" alt="Enjoy Proximity to Stagecoach State Park & Reservoir" style="display: block; margin: 20px auto;" />
<a href="https://www.uncovercolorado.com/state-parks/stagecoach/" target="_blank">Stagecoach State Park & Reservoir</a> is just eight miles east of Oak Creek and provides more than 1,600 acres of space for outdoor adventures, including the reservoir the Stagecoach Dam on the Yampa River creates. The boat ramp at the reservoir typically opens in May each year, as soon as the ice has all melted off. Boating, jet skiing, fishing, and other activities are allowed during summer. The water is divided into wakeless and non-wakeless areas.
Around eight miles of hiking trails run through the park from the main campground. The trails are primarily flat and extend around the lake. Camping in the park is allowed year-round, although reservations are highly recommended during summer. Visitors can swim on the beach or go horseback riding during summer and snowshoe or ice fish in the winter.
Stagecoach State Park Additional Information
25500 County Rd 14, Oak Creek, CO
Open from 6 a.m. to 10 p.m. year-round (unless camping)
Fees for vehicles & camping
Leashed pets are welcome
Great Skiing All-Around
Oak Creek has the benefit of being nestled among some of Colorado's best skiing territories. Avid skiers who live in Oak Creek don't have to worry about finding lodging in Steamboat Springs because they live so close to the mountain.
Mount Warner has more than 170 named ski runs, ranging from beginner to advanced. With a virtual rise of 3,668 feet, the mountain offers plenty of space and opportunity for skiers of all levels to enjoy.
Not only that, but Vail Ski Resort is only 70 miles from Oak Creek. Vail is one of the largest single-mountain ski resorts in the US, offering three sections for skiing, and most of the resort's 5,289 acres have wide-open terrain and ski trails. Vail has a different feel than many other ski towns in Colorado because it was never a mining town in its history—Vail Village sprang into existence because of the ski resort. It offers a nice contrast to Steamboat Springs, and many Oak Creek residents enjoy skiing in both areas.
Affordable Mountain Homes
<img src="https://assets.site-static.com/userfiles/1597/image/affordable-homes.jpg" alt="Oak Creek Offers Affordable Homes For the Area" style="display: block; margin: 20px auto;" />
While <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/">homes for sale in Steamboat Springs</a> have increased in price as the popularity of the ski resort has grown, <a href="https://www.steamboatsprings-realestate.com/oak-creek/">homes for sale in Oak Creek</a> offer more affordable options, with a median price of around $650,000. <a href="https://www.steamboatsprings-realestate.com/oak-creek-townhomes/" title="Oak Creek Townhomes for Sale">Townhomes in Oak Creek</a> often sell in the mid-$400s, and smaller single-family properties can sell anywhere from the $300s to the $500s.
Luxury homes in Oak Creek tend to be up on the hillside and offer a view of the surrounding area. Many luxury properties are newer, and prices can range from $1 million to $5 million, depending on acreage, number of bedrooms, and other factors.
A Great Location, Outdoor Adventures & More Await in Oak Creek
Oak Creek, CO, offers an incredible living experience. Its idyllic setting amidst stunning natural landscapes, abundant recreational opportunities, and close-knit community make it a desirable destination for those seeking a peaceful and fulfilling lifestyle, presenting a welcoming environment where residents can establish roots and create lasting memories. Whether captivated by the town's outdoor adventures or yearning for a peaceful place to call home, Oak Creek is an exceptional choice and a haven for those seeking an authentic Colorado living experience.
2023-06-29T12:09:07-07:002023-06-29T12:17:48-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:28978Living in Hayden: 10 Reasons You'll Love Moving to Hayden<img src="/userFiles/1597/image/living-in-hayden.jpg" style="display: block; margin: 20px auto;" alt="What it's Like to Live in Hayden" />
Hayden, Colorado, is an enticing haven for those pursuing a relaxed, nature-centric lifestyle. Its breathtaking surroundings, including stunning mountains, pristine rivers, and massive open spaces, offer endless outdoor adventures and recreational opportunities. From fishing and hiking to skiing and snowboarding, the town—one of the <a href="https://www.steamboatsprings-realestate.com/blog/best-towns-near-steamboat-springs/">best towns near Steamboat Springs</a>—embraces the beauty and excitement of its surroundings. Hayden's warm community atmosphere fosters a sense of belonging and camaraderie among its residents. With its amenities, from charming local shops to locally-owned cafes, bars, and restaurants, Hayden provides an idyllic sanctuary for individuals who value tranquility and appreciate the unparalleled beauty of Colorado's great outdoors.
5 Reasons to Love Living in Hayden
Hayden offers easy access to fishing, hunting, and other outdoor activities
The town is located just 20 miles from Steamboat Springs
There are over 50 restaurants in Hayden for residents and visitors to enjoy
Hayden is 15 minutes from Craig, Colorado, so residents have even more access to other amenities
Public transportation is available via Steamboat Springs Transit
The Hayden Lifestyle
Located in Northwest Colorado, Hayden is a small town that was first settled in 1875. The town is named for F.V. Hayden, who was head of a survey party for the U.S. Geological & Geographic Survey and went on to explore the western portion of the state through the late 19th century. This small town is growing, and it's located just 20 miles from <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Homes For Sale in Steamboat Springs CO">Steamboat Springs</a>, a popular ski resort area. Business is growing in Steamboat Springs, providing many employment opportunities for Hayden residents. This quiet and affordable alternative to Steamboat is increasing in popularity as more people learn about what it offers.
Outdoor enthusiasts enjoy Hayden thanks to its proximity to Yampa River State Park, just minutes from downtown. This park features access to a 134-mile stretch of Yampa River, providing activities like camping, fishing, hiking, and boating. Although Hayden is smaller than other cities, it offers plenty of activities, including breweries and restaurants. The town hosts a farmers market every Thursday during the summer, from May to September. For those who enjoy a day of skiing, Steamboat Springs is just 27 miles away, and Howelsen Hill Ski Area is 25 miles away.
Types of Homes in Hayden
<a href="https://www.steamboatsprings-realestate.com/hayden/">Homes in Hayden</a> range from modest, modern <a href="https://www.steamboatsprings-realestate.com/hayden-townhomes/" title="Hayden Townhomes For Sale">townhomes</a> to luxury homes and properties built in what's known as "Steamboat style." These modern homes typically feature open floor plans with tall ceilings and large picture windows so that residents can enjoy the beautiful view. A typical single-family home in Hayden ranges from 2,000–2,500 square feet. The cost of a home varies based on the location, age, and size, but most homes are currently on the market for between $450,000 to $1 million or more. Land is also available in Hayden with prices based on lot size, but a single-acre lot typically costs approximately $100,000.
Hayden Amenities
<img src="https://assets.site-static.com/userfiles/1597/image/hayden-amenities.jpg" alt="Amenities in Hayden" style="display: block; margin: 20px auto;" />
From access to public transportation to events and medical care, Hayden offers its residents a wide range of helpful amenities. Aside from the vast outdoor access, Hayden is also home to many retail shops, breweries, restaurants, and more. Here is some more information about neighborhood services and shopping in and around the Hayden area.
Neighborhood Services
Steamboat Springs Transit regional bus services provide daily departures from Craig that travel through Hayden, the <a href="https://www.steamboatsprings-realestate.com/milner/" title="Homes for Sale in Milner Steamboat Springs">town of Milner</a>, and Steamboat II before making its final stop in Steamboat Springs. You can take this mode of transportation if you don't want to drive to and from these regions, but be sure to check the schedules as times and departures change depending on the season. UC Health Yampa Valley Medical Center is one of the closest hospitals, located in Steamboat Springs. Residents of Hayden do have access to smaller clinics, but there are no major hospitals within the town limits.
The <a href="https://haydencolorado.com/haydencenter/" target="_blank">Hayden Center</a> is an ample community space and recreation center, and residents also have access to Anytime Fitness, Hayden Pilates, Steamboat Fit, and more. La Joya Dulce is an event venue perfect for weddings and more. This luxurious Colorado ranch is nine miles from Steamboat Springs, and bookings are limited. Lucky 8 Ranch offers event hosting, ATV tours and rentals, and more. This venue features 3,000 acres of rolling hills and stunning natural beauty, making it perfect for weddings and adventures. History fans will enjoy visiting the Hayden Heritage Center, which features a museum and gift shop.
Neighborhood Shopping
Shopping is plentiful in Hayden, with a range of grocery stores to choose from. Hayden Mercantile is located on 6th Street and has a butcher shop, fresh produce, and everyday essentials. A Walmart Supercenter is located in nearby Craig, CO, and Steamboat Springs has a Safeway grocery store. Many Hayden residents trek to Steamboat Springs to visit Steamboat Meat & Seafood. This store offers fresh pasta, vegetables and fruits, cheeses, freshly made sausage, and other goods like jerky meats and nuts.
City Market is in Craig and offers a wide range of grocery items. Kroger owns this store, and many Hayden residents come here to buy their groceries. Natural Path Botanicals is a vitamin and supplement store on Capital Street in Hayden. The Buffalo Leather Store sells bison animal hides to make leather goods, and the owners say this type of buttery soft leather is 40 percent stronger than cowhide.
Things to Do in Hayden
The town of Hayden offers plenty of exciting things to do, including outdoor activities like hunting, hiking, and fishing. Organized volleyball and basketball for adults are available, and the town says that pickleball is coming soon. Depending on the season and your interest, you can participate in dance classes, adult softball, and more.
Outdoor Activities
Hayden is a haven for a wide variety of great outdoor activities. Anglers of all kinds will love the easy access to the Yampa River and the Elkhead Reservoir. Yampa River State Park has trout, smallmouth bass, and northern pike fully stocked. Elkhead Reservoir State Park is just under 30 minutes from Hayden and features 900 acres of water to fish for crappie, bluegill, smallmouth bass, rainbow trout, and more. And all of the <a href="https://www.steamboatsprings-realestate.com/blog/best-parks-steamboat-springs/">best parks in Steamboat Springs</a> are approximately 25 miles away. In the winter, there are plenty of mountain trails to explore for snowboarding, dog sledding, Nordic skiing, and snowshoeing. Alpine skiing is available at Steamboat Springs and Howelsen Hill, Colorado's oldest operating ski area.
Restaurants, Breweries & Bars
Many excellent restaurants, breweries, and bars in Hayden offer everything from steak and seafood to breakfast and beer. Creek View Grill serves breakfast and American food daily, with happy hour on tap from 2:00–6:00 p.m. seven days a week. Franciosi Brothers Tap and Table serves delicious pizzas, a wide variety of Italian dishes, subs, sandwiches, and more. Wild Goose Coffee at the Granary serves local fare, fresh baked goods, coffee, and farm-to-table dishes. Yampa Valley Brewing Company has two tap rooms: one in Craig and one in Steamboat Springs. This famous brewery serves various homemade brews on tap throughout the year.
Nearby Attractions
Due to its rich Western heritage, many exciting attractions are near Hayden. The Museum of Northwest Colorado is home to one of the largest collections of Old West firearms and artifacts. The museum showcases fascinating items and facts from dinosaurs and Native Americans to the lives of early explorers and more. The Hayden Heritage Center contains several exhibits and is also home to the Leslie Memorial Library, which includes many old documents, memorabilia, and files. The library is open to the public. From golf to hikes and skiing to fun gondola rides, nearby Steamboat Springs is also loaded with things to see and do.
Employers Near Hayden
<img src="https://assets.site-static.com/userfiles/1597/image/hayden-jobs.jpg" alt="Job Market in Hayden" style="display: block; margin: 20px auto;" />
Several companies are located in and near Hayden for employment, including Hertz, Avis, Budget Car Rentals, NAPA Auto Parts, and Bear River Builders. Many residents commute to <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-economy/">work in Steamboat Springs</a>. Yampa Valley Regional Airport is another major employer in the region. Nearby Craig, CO, is also home to several employers, including hair salons, Chapman's Automotive, and health services like Falling Water Wellness. Manufacturing, nursing, and transportation are some of the largest industries in and around Hayden looking for eligible employees. Delta Building Center, LLC is a significant employer specializing in fabricating metal siding, roofing, sheds, and more.
Schools Near Hayden
The <a href="https://haydenschools.org/" target="_blank">Hayden School District</a> oversees Hayden Valley Elementary School, Hayden Valley Middle School, and Hayden Valley High School. Steamboat Mountain School is a day and boarding school split into grades K–4, 5–8, and 9–12. The school offers a range of fun activities and opportunities that go well beyond the classroom, including outdoor adventure courses, global studies, strings, a winter sports club, STEAM learning, and summer camp. A boarding program is also available for students who plan to stay at the school for an extended time.
Steamboat Montessori provides students with an authentic Montessori program that integrates with Colorado state standards. The school offers a holistic and academically challenging educational experience for primary, middle, and upper elementary school. Colorado Mountain College in Steamboat Springs is accredited and offers various programs and on- or off-campus living. The school offers affordable tuition with small classrooms and an average student-to-teacher ratio of 13:1 for a more individualized experience.
Idyllic Colorado Living in Hayden
Hayden, Colorado, is one of the <a href="https://www.steamboatsprings-realestate.com/blog/most-affordable-cities-routt-county/">most affordable places to live in Routt County</a>, which presents an enticing haven for those in pursuit of a relaxed and nature-centric lifestyle. Its breathtaking surroundings, including stunning mountains, pristine rivers, and massive open spaces, offer endless opportunities for outdoor adventures and recreation. From fishing and hiking to skiing and snowboarding, the town embraces the beauty and excitement of its surroundings. Hayden's warm community atmosphere fosters a sense of belonging and camaraderie among its residents. With its range of amenities, from charming local shops to locally-owned cafes, bars, and restaurants, Hayden provides an idyllic sanctuary for individuals who value tranquility and appreciate the unparalleled beauty of Colorado's great outdoors.
2023-06-21T11:15:00-07:002023-10-24T11:15:47-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:4546Steamboat Celebrates July 4th With the Cowboys' Roundup Days 2023<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1597/image/_MG_9806-2.jpg" alt="Steamboat Springs Fourth of July Events" width="475" />With a rich history steeped in western Americana—think rodeo, ranching, the 19th-century Gold Rush, and a distinct small-town USA charm—the <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Steamboat Springs Homes For Sale">Steamboat Springs community</a> takes its Fourth of July celebrations seriously.
<a href="https://www.steamboatsprings-realestate.com/blog/steamboat-summer-events/">Steamboat Springs' best summer events</a> includes the Cowboys' Roundup Days, a four-day event featuring a traditional hometown parade alongside events unique to the Steamboat area, including the summer's largest Pro Rodeo and Ski Jumping Extravaganza. This year marks the 120th Annual Cowboys' Roundup Days, and it promises tons of Western-themed patriotic fun and festivities. Although there won't be any fireworks displays this year, keep reading for the top Fourth of July events in Steamboat Springs, Colorado, in 2023.
Steamboat Springs Pro Rodeo
While the <a href="https://www.steamboatprorodeo.com/" target="_blank">Steamboat Springs Pro Rodeo</a> is held every Friday and Saturday from June 23–August 26, there's a special Pro Rodeo Series for the Fourth of July happening July 1–4. Thrilling rodeo events include classic rough-and-tumble competitions such as team and tie-down roping, steer wrestling, barrel racing, bull riding, and bareback riding.
This rodeo will be Steamboat's largest of the summer, with events happening nightly Friday, Saturday, Monday, and Tuesday. Beginning at 6 p.m. before every rodeo (one hour earlier on the Fourth of July), local artists perform live music, and a classic western BBQ dinner is available. The rodeo starts at 7:30 p.m.
Brent Romick Rodeo Arena: <a href="https://www.google.com/maps/place/Steamboat+Pro+Rodeo/@40.4815363,-106.8328938,18.09z/data=!4m6!3m5!1s0x874268d7ff1557e9:0x737882120171a406!8m2!3d40.482268!4d-106.833619!16s%2Fg%2F1tznmt_l?entry=ttu" target="_blank">401 Howelsen Parkway, Steamboat Springs, CO 80487</a>
Date/Time: July 1, 2, & 4 at 7:30 p.m.
Ticket prices: General admission uncovered seating tickets are $20 for adults and $10 for children ages 7–15. Covered seating is $25 for everyone, and children under 6 get in free. Ticket prices for the 4th of July rodeo are all $5 more. It is highly recommended to <a href="https://www.steamboatprorodeo.com/">purchase tickets in advance.</a> Season tickets are also available at a significant discount (note that July 4th is excluded from the season passes).
Pancake Breakfast & Parade
The hometown parade is one of the most highly anticipated events of the entire Cowboys' Roundup Days. It always takes place on the morning of July 4th, proceeding through Lincoln Street in <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Downtown Steamboat Springs Homes For Sale">downtown Steamboat Springs</a>. Every year, the parade has a theme; the theme for 2023 is Let Freedom Flow: We Salute the Mighty Yampa.
Steamboat Springs community groups, such as local businesses, schools, and meetup groups, are encouraged to collaborate to create parade floats. Local judges will rate floats based on creativity, originality, and spirit in several categories, including Best Overall Theme, Best Commercial Businesses (which also includes political candidates), Best Group, and Best Parade Theme. Anyone wishing to <a href="https://events.com/r/en_US/registration/steamboat-springs-july-4-float-registration-steamboat-springs-july-896867" target="_blank">participate in the hometown parade</a> should register by June 28th.
Address: (Pancake Breakfast) <a href="https://www.google.com/maps/place/Little+Toots+Park/@40.488307,-106.8423737,17z/data=!3m1!4b1!4m6!3m5!1s0x874268c2c07517c9:0x4c308e94c4cc3607!8m2!3d40.4883029!4d-106.8397988!16s%2Fg%2F1tgwn519?entry=ttu">Little Toots Park</a>, (Parade) Downtown Steamboat Springs, starting on <a href="https://www.google.com/maps/place/Steamboat+Springs+Planning+Dpt/@40.4862329,-106.8366792,18.85z/data=!4m6!3m5!1s0x874268c34be56539:0x7a0ef6d9ccb32556!8m2!3d40.4864269!4d-106.8370237!16s%2Fg%2F1hc305hsj?entry=ttu" target="_blank">Lincoln Street and 10th</a>
Date/Time: July 4 from 7:00am - 9:30am (Pancake Breakfast) Parade at 10:00 a.m. (participants should check in at 8:15 a.m.)
Ticket prices: Free
Jumpin' and Jammin' 4th of July Ski Jumping Extravaganza
The Jumpin' and Jammin' 4th of July Ski Jumping Extravaganza proves the slopeside fun in Steamboat doesn't necessarily stop in the summer. It's no secret that Steamboat is a major destination for winter sports, with many Winter Olympics hopefuls choosing to live and train here.
During Roundup Days, spectators can watch some of the world's best ski jumpers and athletes perform summer ski jumps at Howelsen Hill. Bring snacks and a chair, blanket, or umbrella, and watch in awe! The athletes practice and train for three days, and the final elimination competition begins just after the parade on the 4th. The competition is followed by a community party with food vendors and live music.
Howelsen Hill Ski Area: <a href="https://www.google.com/maps/place/Howelsen+Hill+Ski+Area/@40.4833612,-106.8383412,20.01z/data=!4m6!3m5!1s0x874268da6ff3071b:0xd199a8a427d8d444!8m2!3d40.4833683!4d-106.8379721!16zL20vMDc5OHEz?entry=ttu" target="_blank">845 Howelsen Parkway, Steamboat Springs, CO 80487</a>
Date/Time: (Training) July 1 from 8:30–10:30 a.m. and 4:00–5:30 p.m.; July 2 from 8:30–10:30 a.m.; (Event) July 3 from 8:00 a.m.–1:00 p.m.; July 4 from 11:00 a.m.–2:00 p.m.
Ticket prices: Free
Steamboat Serves Up Old-Fashioned Fun on July 4th
With its close-knit community and small-town charm, it's no surprise that Steamboat Springs goes to great lengths to celebrate the Fourth of July. No matter which events interest you, they're a wonderful way to celebrate America's Independence and the town's rich Western heritage—and meet some community members, too!2023-06-19T07:00:00-07:002023-06-30T14:32:56-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:27480Imagine Your Life on the Yampa River: 8 Best Communities Near the River in Steamboat Springs
Fish Creek Falls
Fish Creek Falls features homes built from the 1980s onward, with many property types. You'll find everything from ranch-style single-family homes to modern mountain luxury homes here. <a href="https://www.steamboatsprings-realestate.com/fish-creek-falls/">Homes near Fish Creek Falls</a> come at a varied range of prices, starting at $400,000 and topping over $13.5 million.
Regardless of the property type, endless outdoor activities lie beyond the doorstep. As the neighborhood's name states, the area's most well-known attraction is mesmerizing 280-foot Fish Creek Falls. The cascade thunders uphill from the neighborhood's streets, particularly in the spring. The lower falls are easily accessible, and a scenic trail lets you <a href="https://www.steamboatsprings-realestate.com/blog/hike-to-fish-creek-falls-from-the-sanctuary/">hike from The Sanctuary to Upper Falls</a>.
It would be remiss not to mention that <a href="https://www.steamboatsprings-realestate.com/blog/reasons-to-live-near-fish-creek-falls-steamboat-springs/">living in Fish Creek Falls</a> provides an excellent location for skiing. Only a 10-minute drive to the ski resort, the neighborhood is another ideal base for winter sports enthusiasts. At the same time, charming spots in downtown Steamboat are also just minutes away. Some residents may even be able to walk to Mahogany Ridge Brewery for a cold beer or MountainBrew for morning coffee. Despite its convenient-to-everything location, homes in Fish Creek Falls are secluded from the bustle of Highway 40.
Fish Creek Falls Amenities
Old Town Hot Springs
5.2-mile, dog-friendly Spring Creek Trail, multi-use for hikers and bikers
Natural Grocers
Local Rakta Hot Yoga Infrared Studio
Elk River
<img src="https://assets.site-static.com/userfiles/1597/image/elk-river-community.jpg" alt="Living in the Elk River Community" style="display: block; margin: 20px auto;" />
A 15-minute drive north of Steamboat Springs, properties in Elk River make the most of outdoor recreation. From adrenaline-inducing whitewater rafting and kayaking to peaceful fly fishing and leisurely walks, this neighborhood offers quick access to the stunning Elk River.
Expect lots of solitude, tranquility, and stunning views, matched with abundant wildlife sightings—deer and elk, but don't be surprised to spot moose or black bears, too. The valley gets blanketed with snow in winter, making it ideal for cross-country skiing, snowshoeing, and sledding fans. Meanwhile, in the summer, beloved hiking trails Mad Creek and Red Dirt are just up the road.
<a href="https://www.steamboatsprings-realestate.com/elk-river/">Homes in Elk River</a> lean larger, with houses interspersed between working ranches. The generous size extends to indoor areas, too, and many interiors have upwards of 2,500 square feet with three or more bedrooms. Similarly to Dakota Ridge, Elk Ridge is ideal for offering a genuine escape and hosting large groups of people without worrying about disturbing neighbors.
The area is well-suited to those looking for room to spread out, and a few local hotspots are within a quick 10-minute drive. Play a game of bowling and enjoy delicious food at Snow Bowl, or sample local brews at Storm Peak.
Elk River Amenities
Arctic Liquors for one of the most extensive selections locally
Colorado Sled Rentals (snowmobile rentals)
Big House Burgers
Summertime productions at Opera Steamboat
Hayden
The <a href="https://www.steamboatsprings-realestate.com/hayden/" title="Homes For Sale in Hayden, Colorado">town of Hayden</a> offers the best of small-town mountain life right alongside the Yampa River. Homes here average about 2,000 square feet of space; most have three to four bedrooms and a garage, which is especially handy in wintertime. The majority of Hayden properties for sale are located within the town's official boundaries, making it feasible to walk to get dinner or coffee.
Like many other Steamboat Springs neighborhoods, Hayden offers residents many outdoor activities just steps from their doors. There are plenty of excellent fishing spots on the river just outside town, and Yampa River State Park, which has popular summer swimming spots, is a five-minute drive down the road.
Hayden's year-round population is just over 2,000 people, but the town's numerous happenings make it seem more significant. There's coffee in a granary at Wild Goose and excellent pizza at Franciosi Brothers Tap and Table. The weekly farmer's market takes place from May to September, along with a county fair complete with rides, food, and fun. And when you want to go "into town" (Steamboat proper), it's just a 30-minute drive.
Hayden Amenities
Hayden Mercantile
Yampa Valley Brewing Company
Dry Creek Park
Creek View Grill for hearty, comforting breakfasts
The Sanctuary
The Sanctuary offers residents luxury homes and condos with quick access to snow sports and golf. <a href="https://www.rollingstoneranchgolf.com/" target="_blank">Rollingstone Ranch Golf Club</a> is interwoven into the neighborhood, with many properties overlooking the course. Steamboat Ski Resort is also less than a five-minute drive or, from some homes, even within walking distance of the lifts.
Enjoy the numerous trails tucked away nearby in the summer, including one that leads to Fish Creek Falls. This unmatched proximity to several popular Steamboat attractions means that The Sanctuary is ideal for short-term vacation properties.
The neighborhood was developed on 25 acres of beautiful birch forest, which surrounds many properties. Most of the <a href="https://www.steamboatsprings-realestate.com/the-sanctuary/">homes for sale in the Sanctuary</a> were built from 1986 onwards. Many incorporate European architectural styles, lending an atmosphere like a Swiss chalet.
One of the best things about The Sanctuary is that it feels very secluded, but the town's best attractions are within easy reach. Beyond the ski resort's proximity, Steamboat's center is less than a 10-minute drive. Even closer, there's a shopping center with a City Grocery, Walmart, and other stores less than five minutes away. As you may expect, this also means The Sanctuary is close to some of the town's best restaurants—specifically, Café Diva, known for refined American dishes in elegant surroundings.
The Sanctuary Amenities
Routtie's Barbecue
Rocky Mountain Day Spa & Luxe Boutique
Colorado Bagel Company
Rita Valentine Dog Park
Dakota Ridge
<img src="https://assets.site-static.com/userfiles/1597/image/dakota-ridge-community.jpg" alt="Living in the Dakota Ridge Community" style="display: block; margin: 20px auto;" />
While less than a fifteen-minute drive from <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Homes For Sale in Downtown Steamboat Springs">Downtown Steamboat Springs</a>, Dakota Ridge offers residents the best rural life. Most of the <a href="https://www.steamboatsprings-realestate.com/dakota-ridge/">real estate in Dakota Ridge</a> is made up of new construction homes. Many sit on large lots of up to 12 acres, allowing homeowners to appreciate Steamboat's natural beauty with expansive views.
When exploring the neighborhood, expect more significant properties. Most homes have at least four bedrooms, while square footage is 5,000 to 10,000 square feet. Its large homes and lots make Dakota Ridge an ideal location for hosting holidays and lively group getaways. There's enough room to light a fire pit outside and gaze at the abundant stars!
Mountain bikers, hikers, and snow sports enthusiasts can immerse in outdoor pursuits on the trail system around Quarry Mountain, located just behind the neighborhood. Steamboat Ski Resort is also close, with the lifts just a 10-minute drive from Dakota Ridge.
This proximity to the slopes has a second, slightly more subtle benefit: it grants convenient access to the resort's dining and nightlife hotspots, like the beloved watering hole T Bar at Steamboat. Just down the road, shopping hubs, including Walmart, Safeway, and City Mart, are convenient stopovers en route to the slopes.
Dakota Ridge Amenities
Fetcher Park for fishing and stand-up paddleboarding
Dusky Grouse Coffee
Haymaker Golf Course
Blue Sage Pizza
Oak Creek
The ranching town of Oak Creek offers residents numerous amenities amidst quiet, rural surroundings. <a href="https://www.steamboatsprings-realestate.com/oak-creek/">Homes for sale in Oak Creek</a> cover the full spectrum of options, from one-bedroom cottages to classic ranch houses and stately luxury homes. Some are located in town, within easy walking distance of neighborhood staple Colorado Bar & Grill, while others sit on substantial acreage just outside. For folks interested in a night out on the bigger town, or skiing opportunities, Steamboat Springs lies 30 minutes away.
The Yampa River flows just a few miles from Oak Creek, with several banks accessible to fishermen and paddlers. A 15-minute drive away, the river expands to the stunning Stagecoach Reservoir. In this stunning state park, you'll find numerous opportunities for swimming, kayaking, fishing, and hunting.
Oak Creek has a historic feel, with a relaxed atmosphere far from the hustle and bustle of other Colorado towns. The town organizes several cultural activities throughout the year, including a Winterfest with sledding and skating, a local arts and music festival, and community events on most major holidays. Like Hayden, Oak Creek has a happening atmosphere, despite its small size.
Oak Creek Amenities
Burgers and pizza at Franciosi Brothers
Antique shopping at the Railtown Gallery
Select Super Market
Lupita's Cantina for outdoor Mexican dining
Life Is Good on The Yampa River
The picturesque Yampa River in Steamboat Springs and the Routt County area provide the perfect backdrop for many exceptional neighborhoods, each with unique character and charm. From the serene splendor of Dakota Ridge to the laid-back vibes of Oak Creek, there's a haven for everyone seeking to embrace the natural beauty, recreational opportunities, and tight-knit community this region offers. As you explore these communities, you'll find the perfect home awaits, promising a life enriched by the breathtaking landscapes, endless <a href="https://www.steamboatsprings-realestate.com/blog/yampa-river-things-to-do/">things to do on the Yampa River</a>, and warm connections that define the Yampa Valley experience.
<br /><br /><img src="/userFiles/1597/image/places-to-live-near-yampa-river.jpg" style="display: block; margin: 20px auto;" alt="Best Places to Live Near Yampa River" />
Nestled amidst the breathtaking beauty of the Yampa Valley, the <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Homes For Sale in Steamboat Springs CO">town of Steamboat Springs</a> and the Routt County area offer an idyllic retreat for those seeking a serene place to call home. Along the winding Yampa River, you'll find many of the <a href="https://www.steamboatsprings-realestate.com/blog/best-neighborhoods-steamboat-springs/">best neighborhoods in Steamboat Springs</a>. Living on the banks of the Yampa River means easy access to fun things to do, scenic views, and rustic charm. Embark on a journey through these exciting neighborhoods and towns that make up the best places to live near the Yampa River.
2023-05-23T09:14:34-07:002023-05-23T09:28:26-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:271465 Reasons to Love Living in the Fish Creek Falls Area: Stunning Scenery & Homes
Beautiful Mountain Homes
Like most mountain towns in Colorado, Steamboat Springs has plenty of stately log cabins with floor-to-ceiling windows looking over the valley below. However, there's a wide variety of home styles here, especially in the Fish Creek Falls neighborhood. You'll find everything from <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-townhomes/" title="Steamboat Springs Townhomes For Sale">Steamboat Springs townhomes</a> and condos to single-family, ranch-style homes and luxury mountain estates. Regardless of your home type, Steamboat residences tend to be spacious, come with enclosed garages, and typically have spectacular views over much of the valley.
<a href="https://www.steamboatsprings-realestate.com/fish-creek-falls/">Homes in Fish Creek Falls</a> list for an average of anywhere from $150–$350 per square foot. However, with such a large variety of home types and styles, that average figure also has a lot of variation. In most cases, <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-condos/" title="Steamboat Springs Condos For Sale">Steamboat Springs condos</a> cost far less per square foot than a luxury multi-story home.
At-home Outdoor Recreation
<img src="https://assets.site-static.com/userfiles/1597/image/fish-creek-falls-bridge.jpg" alt="Fish Creek Falls is Near Plenty of Outdoor Recreation" style="display: block; margin: 20px auto;" />
It's no secret that many people move to the Rocky Mountains specifically to enjoy outdoor recreation in all four seasons. Steamboat Springs—and Fish Creek Falls in particular—is no exception, with seemingly endless opportunities just steps from most residents' front doors. From hiking and biking to enjoying the Yampa River and winter sports, this neighborhood is a paradise for active outdoor enthusiasts.
One of the neighborhood's biggest (and closest) draws is the namesake waterfall, <a href="https://www.steamboatchamber.com/activities/hiking/fish-creek-falls/" target="_blank">Fish Creek Falls</a>. The impressive 283-foot-tall cascade is the second-tallest in the entire state! At peak flow during the late spring and early summer months, the falls are easily accessible from the neighborhood. A short, paved quarter-mile trail provides a fantastic view of the lower falls. This trail is level and accessible for both wheelchairs and strollers.
Hikers will likely want to continue 2.5 miles to the upper fall, and you can also make a bigger adventure of it and hike 6.5 miles to Long Lake. In the winter, you'll see people tackling the Fish Creek Falls hike in snowshoes and adventurers ice-climbing the frozen cascade.
Spring Creek Trail is another popular trail, spanning about 10 miles from the neighborhood into downtown Steamboat and including several small seasonal creeks. This is an extremely popular trail for people with dogs, as well as for trail runners and mountain bikers, so it's a wonderful way to get outside while also socializing with some of your neighbors.
Of course, these aren't the area's only hikes or outdoor activities. Trails abound throughout Steamboat, and there are countless places to paddle in a kayak or on a stand-up paddleboard— plus, you can explore the area's renowned natural hot springs.
Access to the Slopes
Perhaps one of the biggest reasons to purchase a home in the Fish Creek Falls area is its proximity to the Steamboat Springs Ski Resort. The neighborhood is less than five miles from the resort, world-famous for its distinct "champagne powder," snow with an ultra-low water content that makes it powdery and almost dry. Steamboat's unique snow creates ideal conditions on the slopes, equivalent to when many other resorts get fresh powder. Nearly every winter day is a fresh powder day at Steamboat!
If you're not convinced, consider a glowing endorsement: Steamboat Springs has produced more Olympic athletes than any other town in the United States. The Olympians undoubtedly come for the champagne powder, but there's an excellent chance they stay for Steamboat's notoriously laid-back, unpretentious vibe. Nestled in the Yampa Valley, an area with long-standing agricultural roots, Steamboat's atmosphere honors its friendly, helpful, and welcoming origins.
Living so close to the ski resort comes with perks—even in the summer. The slopes become epic hiking and mountain biking trails, and you can ride the gondola for a relaxing, incredibly scenic experience.
Downtown Steamboat: Right Next Door
<img src="https://assets.site-static.com/userfiles/1597/image/downtown-steamboat-proximity.jpg" alt="Fish Creek Falls is Near Downtown Steamboat Springs" style="display: block; margin: 20px auto;" />
You already know that Fish Creek Falls is just a few miles from the Steamboat Springs ski resort, but there's more good news: the neighborhood is also less than three miles from downtown. Short of <a href="https://www.steamboatsprings-realestate.com/blog/living-in-downtown-steamboat-springs/">living in downtown Steamboat Springs</a>, there are few places better to live for accessing its amenities. It's even on the Steamboat Springs Transit free route (note that service varies slightly between summer and winter)! Many residents choose to walk downtown and then hop on a bus back or vice-versa.
Wondering what exactly there is to see and do in downtown Steamboat? First, the downtown core is exceptionally walkable, with a riverside path running through everything. Take a soak at Old Town Hot Springs—one of the <a href="https://www.steamboatsprings-realestate.com/blog/best-hot-springs-steamboat-springs/">best hot springs in Steamboat</a>—try local craft beers and specialty coffee on cozy patios with tremendous views, and do some shopping. You'll find everything: books, Old West souvenirs, outdoor gear, vintage clothing, fine art, hand-made candles and soaps, candy, and more.
In addition to all of that, downtown Steamboat hosts several seasonal and annual events. This includes the popular <a href="https://www.mainstreetsteamboat.com/farmers-market/" target="_blank">farmers' market</a>, held on Saturday mornings from June through September, which features over 130 local makers, food vendors, and other creators. Residents also look forward to the late spring Chili Challenge, 4th of July events, Halloween Stroll, and fall Restaurant Week each year.
Spectacular Natural Beauty
Situated right on the edge of the Medicine Bow-Routt National Forests in northwest Colorado, there's no shortage of awe-inspiring natural beauty surrounding the Fish Creek Falls area. The neighborhood is surrounded by mountain ranges that seem to stretch on forever, lush green river valleys, and equally beautiful meadows, whether covered in winter snow or blanketed with wildflowers in the warmer months.
Even in the official neighborhood boundary, as you drive further into Fish Creek Falls (and up in elevation), you'll be treated to views of the Steamboat ski resort and several mountains nearby. This includes Howelsen Hill, Emerald Mountain, and the iconic Sleeping Giant. In the spring and early summer, peek-a-boo views of the waterfall present themselves, and in the fall, changing colors stretch out in every direction.
At any given time and location in this area—but especially on <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-summer-hikes/">Steamboat's best hiking and biking trails</a>—you're also likely to spot resident wildlife like moose, elk, deer, black bears, foxes, porcupines, and coyotes. While they're always amazing to see, give all wild animals plenty of space and drive carefully.
Fish Creek Falls: Experience it All
Living in Fish Creek Falls, one of the <a href="https://www.steamboatsprings-realestate.com/blog/best-neighborhoods-steamboat-springs/">best neighborhoods in Steamboat Springs</a>, offers an unparalleled living experience. The region's natural beauty, outdoor activities, and sense of community make it a unique and attractive place to call home. The area's extensive trail system, including the famous Fish Creek Falls, provides many opportunities for outdoor enthusiasts to explore and appreciate the region's natural beauty. The area's restaurants, shops, and cultural events offer a range of activities that make it a vibrant and exciting place to live. Whether you're looking for a quiet mountain retreat or an active lifestyle, the Fish Creek Falls area of Steamboat Springs is a beautiful place to live.
<br /><br /><img src="/userFiles/1597/image/living-in-fish-creek-falls.jpg" style="margin: 0 auto 20px auto; display: block;" alt="Why Should You Love Living in Fish Creek Falls?" />
The Fish Creek Falls area of the <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Homes For Sale in Steamboat Springs CO">town of Steamboat Springs</a>, Colorado, is a picturesque and tranquil location that offers a unique living experience. Nestled in the Rocky Mountains, this region is known for its natural beauty, outdoor activities, and tight-knit community. The area boasts an extensive trail system that provides hiking, biking, snowshoeing, and cross-country skiing opportunities. It's also home to the Fish Creek Falls, a breathtaking waterfall that attracts visitors from all over the world.
In addition to its outdoor activities, the area offers homebuyers <a href="https://www.steamboatsprings-realestate.com/about/moving-to-steamboat-springs/">moving to Steamboat Springs</a> a variety of restaurants, shops, and cultural events. Living in the Fish Creek Falls area is a dream come true for those who appreciate the beauty of nature balanced with proximity to everyday amenities.
2023-05-04T09:52:42-07:002023-05-04T10:04:53-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:26863How to Buy Land in Colorado: Become an Expert on Zoning Laws & the Best Places to Buy Land<img style="margin: 0 auto 20px auto; display: block;" src="https://assets.site-static.com/userfiles/1597/image/buying-land-in-colorado.jpg" alt="What to Know About Buying Land in Colorado" />
When looking to buy land in Colorado, there are various factors and considerations that should be taken into account. As a state known for its natural beauty and diverse landscapes, purchasing land can be an exciting investment opportunity or the first step towards <a href="https://www.steamboatsprings-realestate.com/blog/pros-cons-new-construction-home-buying/">building a new construction home</a>.
This guide offers an in-depth look into the different kinds of vacant land up for grabs in Colorado, zoning rules to be mindful of, and some great areas within the state where you can buy property. Additionally, we'll explore financing options tailored specifically for purchasing vacant land and discuss potential tax implications that may arise from such investments.
By understanding these key aspects of buying land in Colorado, you'll be well-equipped to make informed decisions and ultimately find the perfect property that suits your needs.
Types of Vacant Land in Colorado
Colorado offers a diverse range of vacant land options for potential buyers. If you're in search of the ideal spot to construct your vision home, launch a venture, or invest in recreational and agricultural land, Colorado has something that will meet all of your requirements. This piece will delve into the various types of vacant land available and the zoning regulations that may apply to them.
Residential Land
Residential land is designated for building single-family homes and multi-family dwellings such as duplexes and apartment buildings. These parcels are typically located within city limits or suburban areas and come with access to utilities like water, sewerage systems, electricity, and gas lines. Residential lots can vary greatly in size depending on location and zoning regulations.
Prospective buyers of residential land should be well-versed in the zoning regulations that govern property use and development. These rules, which vary between municipalities and counties, are designed to ensure organized growth and maintain the character of communities. Key zoning considerations in Colorado include allowable land use, minimum lot size, building height restrictions, setback requirements, and environmental protection provisions. When <a href="https://www.steamboatsprings-realestate.com/blog/how-to-choose-a-home-builder/">choosing a new construction home builder</a>, you need to find someone with proven experience and knowledge of the rules in your area.
Commercial Land
If you're planning on starting a business or expanding an existing one, commercial land is what you'll need. This type of property is zoned specifically for businesses such as retail stores, office spaces, restaurants, hotels, etc., which means it comes with specific allowances regarding building design and usage restrictions that differ from residential zones.
These regulations help maintain the desired economic growth trajectory and uphold the aesthetic integrity of communities. Key aspects of <a href="https://cdola.colorado.gov/community-development-planning/land-use-codes" target="_blank">Colorado's land use codes</a> cover building size and height restrictions, parking requirements, signage limitations, and landscaping regulations.
For instance, commercial zones may be designated for retail, office, or industrial purposes, each with its own set of specific regulations. Additionally, certain areas may be subject to special requirements, such as those within urban renewal districts, enterprise zones, or transit-oriented developments.
Agricultural Land
From mountain land to ranchland, Colorado has a wide variety of agricultural land for purchase. There are numerous ways that a buyer might use agricultural land, depending on their goals and priorities. One common use for agricultural land is to grow crops or raise livestock for sale or personal consumption. This can include traditional crops like corn, wheat, soybeans and specialty crops like fruits, vegetables, and herbs. Some buyers may also use agricultural land for grazing livestock, such as cattle, sheep, or goats.
Using your land for agricultural purposes will subject your investment to additional zoning laws. For example, if you're building a water well on your land, you must ensure that it's at least 100 feet away from barnyards, feeding areas, and septic disposal storage. The Colorado Department of Agriculture can provide additional guidance on relevant rules and best practices.
Recreational Land
Recreational land offers investors a myriad of opportunities to capitalize on the state's natural beauty and abundant outdoor activities. These properties, which can range from vast acreages to smaller parcels, provide a unique platform for establishing ventures such as campgrounds, fishing lodges, hunting reserves, equestrian centers, or even eco-tourism businesses.
However, to ensure the proper use and preservation of these lands, investors must carefully consider the zoning regulations that may apply. For instance, some recreational lands may be subject to conservation easements or wildlife habitat protections, which can restrict or limit certain activities. Additionally, properties within designated scenic byways or natural landmarks might be subject to special review processes or aesthetic requirements.
Key Takeaway:
Before buying vacant land in Colorado, it's important to understand the zoning regulations that may impact your intended use for the property. Different zones, such as residential, commercial, agricultural, and mixed-use, have specific restrictions and requirements related to building size, setbacks from property lines, and allowable uses. Seek advice from local planning departments or experienced real estate professionals to make informed decisions about your investment.
Financing Options for Buying Vacant Land
<img src="https://assets.site-static.com/userfiles/1597/image/financing-buying-land.jpg" alt="How to Finance Buying Land" style="display: block; margin: 20px auto;" />
Purchasing vacant land in Colorado can be an exciting investment opportunity, and your financing options are often very similar to those available when buying already-developed real estate. In this section, we'll discuss some of the most common methods used by buyers to finance their land purchases.
Land Loans
Land loans are specifically designed for purchasing undeveloped property and typically have higher interest rates and shorter repayment terms than traditional mortgages. Generally, the interest rates will be higher for less developed land, with raw land loans being the highest and improved land loans offering the lowest interest rates. When looking for a land loan, comparing offers from various lenders such as banks, credit unions, and private sources is advisable.
Seller Financing
In some cases, sellers may offer seller financing, also known as owner financing or carryback mortgage. This means that instead of obtaining a loan from a financial institution, you make payments directly to the seller over time until the purchase price is paid off. Seller financing often requires less stringent qualifications compared to traditional bank loans but may come with higher interest rates.
Home Equity Loan or Line of Credit (HELOC)
If you possess a house with considerable equity, taking out a home equity loan or line of credit (HELOC) to fund your vacant land purchase could be an option. HELOCs generally have lower interest rates than other loan types; however, bear in mind that your primary residence will be used as security for these loans, meaning it could be at risk if you don't make payments.
Government Programs & Grants
Depending on the intended use of your land purchase, you may qualify for government programs or grants to help finance your investment. For example, the <a href="https://www.fsa.usda.gov/programs-and-services/farm-loan-programs/index" target="_blank">USDA Farm Loan Programs</a> offer various loan options for those looking to buy agricultural land. Additionally, state-specific programs like the Colorado Private Activity Bonds Program can provide financing assistance in certain situations.
Key Takeaway:
When buying vacant land in Colorado, there are various financing options available. Land loans, seller financing, home equity loans or lines of credit (HELOC), and government programs/grants can all be used to finance your investment. It's essential to investigate and weigh the risks involved with each choice before settling on a final decision.
Best Places to Buy Vacant Land in Colorado
Steamboat Springs
The <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/">town of Steamboat Springs</a>, located in the heart of the Rocky Mountains, is an excellent choice for those looking to invest in recreational or residential land. The town boasts a renowned ski resort and stunning mountain vistas that continue to draw visitors. As such, vacant land for sale in Steamboat Springs presents exciting opportunities for recreational and commercial development. The area has seen significant growth over recent years but still maintains reasonable prices compared to other popular mountain towns.
Clark
Clark, a charming unincorporated community in Routt County, offers an enticing opportunity for investors looking to invest in vacant land. Nestled in the Elk River Valley and surrounded by the breathtaking beauty of the Rocky Mountains, <a href="https://www.steamboatsprings-realestate.com/clark/">real estate in Clark</a> boasts an idyllic setting that appeals to both full-time residents and vacationers seeking a tranquil escape.
Yampa
If you venture down to South Routt County, you'll find yourself in the idyllic <a href="https://www.steamboatsprings-realestate.com/yampa/">town of Yampa</a>. Often referred to as the "Gateway to the Flat Tops," the vacant land for sale in Yampa promises natural beauty and abundant outdoor recreational opportunities. The town's proximity to the Flat Tops Wilderness Area, Stagecoach State Park, and Steamboat Springs ski resort makes it an attractive destination for nature enthusiasts and adventure seekers alike, who are drawn to hiking activities, fishing, skiing, and snowmobiling.
Key Takeaway:
Steamboat Springs, Clark, and Yampa are all great places to look for vacant land in Colorado, offering recreational or residential investment, affordable agricultural and residential options, as well as commercial and residential development. When searching for vacant land, evaluate your intended use, research zoning regulations, check utilities and infrastructure availability, and consider accessibility.
Frequently Asked Questions How to Buy Land in Colorado
<img src="https://assets.site-static.com/userfiles/1597/image/colorado-land.jpg" alt="Common Questions About Buying Land in Colorado" style="display: block; margin: 20px auto;" />
How much does one acre of land cost in Colorado?
The price per acre for vacant land varies greatly depending on location and features. However, an average range could be between $1,000 to more than $10,000 per acre. Land that's already been outfitted with utilities will most likely be more expensive per acre than raw land.
What's the difference between raw land & unimproved land?
Raw land refers to a parcel of property that remains in its natural state, untouched by human development. This type of land typically lacks basic infrastructure such as roads, utilities, and drainage systems. Investing in raw land can offer greater potential for long-term appreciation, as the land can be acquired at a lower cost and later developed or sold as the area around it experiences growth.
Unimproved land has undergone some level of development but may still lack essential amenities and infrastructure. While roads may be present, utilities such as water, sewer, and electricity may not yet be connected to the parcel. Unimproved land typically carries a higher initial price tag than raw land. Still, it can offer a faster return on investment, as the groundwork for development has already been partially laid out.
Can I build on recreational land?
The answer depends on the zoning laws in your area, specifically those required for the type of development you want to do on your recreational land. Before moving forward with construction plans, it is crucial to consult with local planning and zoning officials to determine the permissibility of building on your recreational property. This may involve reviewing the area's comprehensive land use plan, obtaining necessary permits, and complying with building codes and environmental regulations.
Are You Ready to Buy Land in Colorado?
Buying vacant land in Colorado offers many opportunities for savvy buyers looking for creative <a href="https://www.steamboatsprings-realestate.com/blog/types-of-investment-properties/">ways to invest in real estate</a>. The most popular types of land for sale in Colorado are residential, commercial, agricultural, and recreational. Before investing, make sure you have a clear idea of how you want to use your land and all applicable zoning regulations. If you stick to these tips, you can enjoy a lucrative investment anywhere in Colorado!
2023-04-25T07:43:32-07:002023-04-25T13:33:56-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:261886 Best Towns Near Steamboat Springs: Where to Live in Surrounding Towns Near Steamboat<img src="/userFiles/1597/image/towns-near-steamboat-springs.jpg" style="display: block; margin: 20px auto;" alt="Best Towns Near Steamboat Springs" />
The <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Homes For Sale in Steamboat Springs CO">town of Steamboat Springs</a> is the jewel of Colorado's Yampa Valley, having made a name for itself as a world-class ski destination and a paradise for outdoor enthusiasts. With several other charming and equally scenic small towns throughout the valley, anyone interested in <a href="https://www.steamboatsprings-realestate.com/about/moving-to-steamboat-springs/">moving to Steamboat Springs</a> should consider expanding their search outward to surrounding towns.
Whether "home" is a luxury house in a gated community, a condo, or a townhome, choose one of these fantastic small towns near Steamboat Springs to be near everything in this little slice of Rocky Mountain heaven.
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Hayden
The naturally stunning Yampa Valley town of Hayden began as a trapper's paradise, and today, people from all walks of life call it home, attracted to its small-town charm and relaxed pace of life. This Routt County town encompasses the Medicine Bow-Routt National Forest and prominent Mount Zirkel, looming over the valley at 12,185 feet. <a href="https://www.steamboatsprings-realestate.com/hayden/">Homes in Hayden</a> list from the high $100s, and while most top out under $1 million, large lots and <a href="https://www.steamboatsprings-realestate.com/hayden-new-construction-homes/">new construction homes in Hayden</a> can top that mark. Most of the housing stock is single-family, though there are a few condo and <a href="https://www.steamboatsprings-realestate.com/hayden-townhomes/" title="Hayden Townhomes For Sale">townhome complexes</a> around.
Hayden is an excellent place to live for people who feel at home in The Great Outdoors. Aside from its proximity to Steamboat Springs proper, Steamboat Lake State Park is a stunning getaway offering boating, fishing, biking, camping, hiking, geocaching, and horseback riding. Seasonally, there are also opportunities for hunting, ice fishing, snowmobiling, and cross-country skiing. The park is also known for being exceptionally dog-friendly.
Yampa Valley Brewing Company hit the craft beer scene in Hayden, adding to its two other locations in Steamboat and Craig. The establishment welcomes children and dogs in its Hayden location and has rotating local food trucks onsite. IPAs, bourbon, seasonal, and year-round beers are always on tap at Yampa Valley Brewing Company.
Thanks to the <a href="https://flysteamboat.com/" target="_blank">Yampa Valley Regional Airport</a>, getting in and out of Hayden couldn't be easier. The small but mighty airport serves six significant airlines, and travelers can take direct flights to other major hubs nationwide. It offers all the quintessential airport needs, including ATMs, charging stations, and a luggage cart rental. Travelers can also grab a beverage or bite to eat before their flight at 3 Wire Bar & Grill, located inside the airport.
Hayden Amenities
Gymnasium
Hayden Center
Elkhead Reservoir
Sports camps
Yampa Valley Regional Airport
Clark
<img src="/userFiles/1597/image/yampa-valley.jpg" style="width: 100%; margin-bottom: 20px;" alt="Towns in Yampa Valley, CO" />
This tiny town is the highlight of the Hahns Peak summit area. <a href="https://www.steamboatsprings-realestate.com/clark/">Homes in Clark</a> generally offer ample outdoor living space so residents can enjoy their views and fresh Colorado air all year.
Speaking of being outside, several of the <a href="https://www.steamboatsprings-realestate.com/blog/best-lakes-steamboat-springs/">best lakes near Steamboat Springs</a> are located just a short distance from Clark, including Pearl Lake and Steamboat Lake. The town is also blanketed with golden aspens every autumn, making Clark a top western spot for fall foliage. And the 8-mile <a href="https://runsignup.com/Race/CO/Clark/HahnsPeakHillClimb" target="_blank">Hahns Peak Vertical Trail Race</a> is a can't-miss event come July.
The Clark Store is this town's robust one-stop shop. Coffee? Food? Community? Pull up a chair! The deli is everyone's favorite counter in town, and workers serve breakfast burritos, prime rib, and juicy burgers all day. Stay at the Clark Store long enough, and you'll probably have a chance to meet at least a few of your neighbors.
Of course, there's no place like your personal luxury home in Clark, but Glen Eden Resort is a close second. The cabin resort offers non-stop, western-style action and adventure all year, from horseback riding and hiking to trout fishing and skiing. Cabins here are well-kept and cozy on numerous acres across the stunning Colorado landscape. Whether you're looking to plan an unforgettable staycation or host a special event like a wedding or reunion, Glen Eden's cabins can sleep up to four adults, and many are pet-friendly units.
Clark Amenities
Clark Store general store
Hahns Peak Cafe
Hiking trails
Marinas
Beach swimming
Camping
Milner
The unincorporated town of Milner sits right alongside the Yampa River, about 15 minutes from Steamboat Springs. The community is also along Highway 40, giving residents easy access to many other destinations throughout Colorado and the West.
<a href="https://www.steamboatsprings-realestate.com/milner/">Milner homes</a> consist of a pleasant mixture of log cabins and earth-inspired single-family residences that seamlessly blend in with the natural surroundings. There are also some townhomes, tiny homes, and open lots for people looking to develop land and build their Rocky Mountain dream home from the ground up.
The renowned Strawberry Park Natural Hot Springs is less than 20 miles from Milner, offering the unique opportunity to soak in a natural spring. This <a href="https://www.steamboatsprings-realestate.com/blog/hot-springs-health-in-steamboat/">Steamboat hot spring</a> has a variety of pools, plus onsite massage therapists and cabins for those who wish to turn their soak into a true getaway. Strawberry Park welcomes children during the day, making it one of the great <a href="https://www.steamboatsprings-realestate.com/blog/things-to-do-with-kids-steamboat-springs/">fun things to do with kids in Steamboat</a>, but it is strictly an adults-only facility after sundown. Also, all guests who aren't staying overnight must make reservations in advance.
Locals always know the best places to go, which is precisely why Back Door Grill is packed every night. This funky hotspot in Steamboat Springs is always bustling, with customers eager to sink their teeth into a Colorado beef burger. Happy hour occurs every afternoon, and Back Door Grill always has the big game on the screen.
Milner Amenities
It sits right along the river
Steamboat Springs Transit
Routt National Forest
Yampa River State Park
Snowtubing
Phippsburg
Phippsburg got its start in true Western fashion: as a coal town. By the early 1900s, the railroad industry was booming all over the country, especially in Colorado, and a rail line was constructed right through the town. To this day, Phippsburg remains a key railroad hub. Less than 1,000 call the scenic small town home, and stately log cabins and ranch-style houses make up most of the <a href="https://www.steamboatsprings-realestate.com/phippsburg/">homes in Phippsburg</a>.
Nearby, Stagecoach Reservoir offers residents all manners of aquatic fun. The hum of jet skis and boats fills the air in the summer months, and freshly caught fish fill local grills and bellies. The reservoir becomes a solid sheet of frozen fun for ice fishermen in winter. Many locals also like to explore it on snowshoes or cross-country skis. During ice fishing season, snowmobiles are also allowed on the lake.
It may sound funny initially, but Lupita's Cantina in nearby Oak Creek isn't here for a long time—it's undoubtedly here for a good time. This beloved taco shop is open daily from Memorial Day through Labor Day. In addition to its extensive menu that centers on tacos, burritos, and guacamole, Lupita's Cantina is also serious about its margaritas and house-made hot sauces.
Phippsburg Amenities
Post office
Stagecoach State Park
Ice fishing
Chapman Reservoir
Flat Tops Wilderness
Oak Creek
<img src="/userFiles/1597/image/yampa-valley-2.jpg" style="width: 100%; margin-bottom: 20px;" alt="Best Places to Live in Yampa Valley, CO" />
Like Phippsburg and many other Colorado towns, the <a href="https://www.steamboatsprings-realestate.com/oak-creek/" title="Homes for Sale in Oak Creek CO">town of Oak Creek</a> was established as a coal mining town. A century later, it's best known today as a ranching town where residents enjoy outdoor recreation in all four seasons.
Once summer rolls around, it's time to break out the fishing poles and hiking boots and explore Oak Creek's many nearby creeks, lakes, mountains, and trails, such as those at Stagecoach State Park. This quintessential park has all the trappings, including fishing, hiking, and camping, plus the bonus of being adjacent to the Flat Tops Wilderness Area and Sarvis Creek Wilderness Area. When cold weather sets in, and well into the spring, you can learn to ice skate or play hockey at the Oak Creek Hockey Rink. Hunting is just as popular as fishing, particularly during the fall season.
Moving indoors, at Oak Creek Tavern, everyone's a regular. The bar has been a staple of Main Street Oak Creek since 1908, welcoming countless patrons to dine on Rocky Mountain pizza and sample the excellent local beer. Throughout the month, there are often bingo and live music events. Oak Creek Tavern is open seven days a week, year-round.
Close by, the Steamboat Art Museum was established in 2006 by a group of local artists who wanted a dedicated home to show off the best works from Colorado creators. They got their wish through the First National Bank Building in town, which was converted into the present-day fine arts museum. The museum showcases dozens of pieces from local artists. Volunteers are on standby to lead guided tours and provide educational information for anyone interested in the <a href="https://www.steamboatsprings-realestate.com/about/steamboat-springs-history/">history of Steamboat Springs</a>.
Oak Creek Amenities
Main Street Oak Creek, with a handful of restaurants and shops
Abundant hunting and fishing
Motel
Close to US-131
Yampa
As one would expect, the Yampa River is the main attraction in this scenic town, but that only begins to scratch the surface of all Yampa has to offer. Wearing many "hats" in its colorful history, Yampa started as a hunting camp in the 1800s, served as a central hub for shipping and lumber, and has blossomed into a modern-day town known as the gateway to the Flat Top Mountains. <a href="https://www.steamboatsprings-realestate.com/yampa/">Homes in Yampa</a> are a variety of ranches and log cabin-style dwellings, and they typically list from the $500s.
The Flat Tops Trail Scenic Byway is one part of an 82-mile adventure with a little something for everyone. Start in Yampa and wind down along the byway, making stops at Ripple Creek Pass and Trappers Lake. Continue on the byway, and you'll eventually reach Milk Creek, a historic battle site. Most people travel around the byway in about five hours, although it could be significantly more or less, depending on your specific pit stops.
The Yampa River Botanic Park graces the valley with its lush presence for half the year, every May through October, and it's one of <a href="https://www.steamboatsprings-realestate.com/blog/best-parks-steamboat-springs/">Steamboat Springs' best parks</a>. It's a dreamy expanse of Yampa Valley native flora and fauna, and the park welcomes visitors for self-guided tours free of charge (although donations are always welcome). After touring the gardens, be sure to stop by the gift shop.
Yampa Amenities
Proximity to the Flat Top Mountains
White River National Forest
Yampa-Egeria Museum
Devil's Causeway
Life's Sweeter in Steamboat Springs
Whether on a trail, horseback, soaking in a hot spring, or looking out your kitchen window, the greater Steamboat Springs area is beautiful from any vantage point. There's an abundance of <a href="https://www.steamboatsprings-realestate.com/blog/yampa-river-things-to-do/">things to do on the Yampa River</a>, and area towns have a variety of housing types and price points. Each nearby town has its own unique characteristics and history that make this region the charming and particularly appealing place it is.
2023-04-04T10:59:51-07:002023-10-24T11:17:44-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:259165 Best Hot Springs Near Steamboat Springs: Soak Up the Fun!<img src="/userFiles/1597/image/best-hot-springs-steamboat-springs.jpg" style="margin: 0 auto 20px auto; display: block;" alt="Best Hot Springs In & Around Steamboat Springs" />
It's no secret that the <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Homes For Sale in Steamboat Springs CO">town of Steamboat Springs</a> is a highly sought-after place to live and play. With a world-renowned ski resort, stunning Rocky Mountain views, loads of rich history, four-season outdoor recreation, and a nice variety of gorgeous <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-new-construction-homes/" title="New Construction Homes For Sale in Steamboat Springs">new construction homes</a> and luxury condos, this Colorado mountain town has something for everyone.
One of the most unique things about moving to Steamboat Springs is the easy access to its abundance of natural hot springs, some right in town and others close by. The town was established in the middle of 150 geothermal springs and is part of the historic 720-mile Colorado Historic Hot Springs Loop. Pack your swimsuit and some road trip snacks, and get ready to check out the best hot springs in and around Steamboat Springs!
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Old Town Hot Springs
Dating back to the 1880s, <a href="https://oldtownhotsprings.org/" target="_blank">Old Town Hot Springs</a> is Colorado's oldest original natural hot springs spa! Over the last 140-plus years, the resort has continuously upgraded its facilities and added many amenities. Today, it features so much more to enjoy than hot springs!
In addition to soaking in one of the four spring-fed pools, guests can check out the 230-foot waterslide, try their luck on the challenging floating obstacle course, or break a different kind of sweat in the fitness center on the rock climbing wall. For folks visiting Old Town Hot Springs with children, it's one of the best <a href="https://www.steamboatsprings-realestate.com/blog/things-to-do-with-kids-steamboat-springs/">things to do with kids in Steamboat Springs</a>—there's even childcare on-site so you can soak in peace for an hour or two.
Old Town Hot Springs is located conveniently in downtown Steamboat Springs, making spending a few hours here very convenient. For Routt and Moffat County residents, memberships offer unlimited access to amenities and special discounts on services, including massage and childcare.
Old Town Hot Springs Additional Information
Address: 136 Lincoln Avenue, Steamboat Springs, CO 80477
Cost: $29 (adults 15+), $23 (youth 3–15), $26 (seniors 65+); discounted 5-pack passes are available
Hours: Monday–Friday 6:00 a.m.–9:00 p.m., Saturday and Sunday 7:00 a.m.–9:00 p.m.
Strawberry Park Hot Springs
<img src="/userFiles/1597/image/strawberry-park-hot-springs.jpg" style="width: 100%; margin-bottom: 20px;" alt="Strawberry Park Hot Springs in Steamboat Springs, CO" />
For those looking for undeveloped hot springs with more of an immersion into nature, head to <a href="https://strawberryhotsprings.com/" target="_blank">Strawberry Park Hot Springs</a>. Located just seven miles north of downtown Steamboat in the pristine Medicine Bow-Routt National Forest, these picturesque springs offer an unforgettable experience that'll make you feel like you're far removed from civilization.
The springs in the <a href="https://www.steamboatsprings-realestate.com/strawberry-park/" title="Homes for Sale in Strawberry Park Steamboat Springs">Strawberry Park community</a> are made up of five natural hot spring pools that vary in temperature. They overlook chilly Hot Springs Creek, which makes for the perfect place to jump in for a quick cool-down after your soak.
To prevent pool overcrowding, all visitors need to reserve a time in advance. Reservations open 25–30 days out, and weekends and holidays often book out quickly. You'll pay the $20 per person admission fee once you arrive at the springs, though visitors should note that only cash is accepted.
It's also important to note that the hot springs become clothing-optional after sundown, and no minors are allowed in the pools after that time. The property also has campsites and rustic cabins available on-site for those who want to make a getaway out of it.
After your soak, be sure to explore the gorgeous surrounding forest. You can take a leisurely drive in search of wildlife (moose and fox frequent the area) or check out one of the many hikes in Medicine Bow-Routt National Forest.
Strawberry Park Hot Springs Additional Information
Address: 44200 County Road 36, Steamboat Springs, CO 80487
Cost: $20 per person (all ages)
Hours: Every day from 10:00 a.m.–10:00 p.m.
Hippie Hot Springs
Directly across the street from Old Town Hot Springs and in the heart of <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Homes For Sale in Downtown Steamboat Springs">downtown Steamboat Springs</a>, you'll find Hippie Hot Springs. Although the name may give it away, these hot springs are about as natural as it gets and completely undeveloped.
Unique among other Steamboat Springs hot springs, Hippie Hot Springs' pools are situated on the banks of the Yampa River and are free to visit! Although they're not nearly as hot as the other springs on this list (they rarely reach 100 degrees), they're the perfect spot to relax in the spring, fall, or even summer after a tubing trip down the river.
Because these are undeveloped hot springs, the experience is very different from a resort's. The pools are formed by rock barriers that visitors maintain, and they can get quite crowded on weekends and particularly nice days. However, they offer a unique, only-in-Colorado experience you'll remember forever. The 360-degree mountain views alone are unforgettable!
Because of their proximity to one another, it's also easy to visit both Hippie Hot Springs and Old Town Hot Springs at the same time. You can make a day of it and check out some of <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-summer-hikes/">Steamboat's best hiking trails</a>, taste-test your way through local breweries and restaurants, or challenge your adventurous side at the <a href="https://www.steamboat.com/" target="_blank">Steamboat Ski Resort</a>.
Hippie Hot Springs Additional Information
Address: 125 Lincoln Avenue, Steamboat Springs, CO 80477
Cost: Free
Hours: Always open
Hot Sulphur Springs Resort
<img src="/userFiles/1597/image/hot-sulphur-springs-resort.jpg" style="width: 100%; margin-bottom: 20px;" alt="Hot Sulphur Springs Resort in Hot Sulphur Springs, CO" />
Located just over an hour southwest of Steamboat Springs, near Granby, you'll find another unique hot springs resort. <a href="https://www.hotsulphursprings.com/" target="_blank">Hot Sulphur Springs Resort</a> has 15 man-made pools filled with natural hot spring water—no filters, chemicals, or pumps here.
The temperatures of the pools range from 95-112 degrees Fahrenheit, and there are eight kid-friendly pools and seven for adults only. Everyone is sure to find a pool that's perfectly comfortable for them! The resort is open 365 days a year, and except for the two private pools, reservations aren't required.
Hot Sulphur Springs Resort also offers lodging and massages (Deep Tissue and Swedish) on-site for those hoping to make their trip into a weekend getaway from Steamboat Springs. Nearby, there's also the interesting Pioneer Village Museum, beautiful Byers Canyon, and even an old-fashioned candy shop.
Hot Sulphur Springs Resort Additional Information
Address: 5609 Spring Road, Hot Sulphur Springs, 80451
Cost: $26.00 (adults 12+), $14.00 (children 4–11), $20.00 (seniors 65+)
Hours: Open daily from 8:00 a.m.–10:00 p.m.
Glenwood Hot Springs Pool
<a href="https://www.hotspringspool.com/" target="_blank">Glenwood Hot Springs Pool</a>, known as the world's largest hot springs pool, is also part of the renowned Colorado Hot Springs Historic Loop.
<a href="https://www.steamboatsprings-realestate.com/blog/living-in-steamboat-springs-co/">Living in Steamboat Springs</a> provides easy access to this 720-mile loop filled with several bucket list-worthy hot springs, as it's just two hours away in the White River National Forest.
Glenwood Hot Springs Resort has pristine hot spring pools, an exciting river tube ride, a fitness center, a children's zone with waterslides and interactive water toys, and a poolside grill. And if you're looking to extend your getaway, there's even a lodge on-site.
Historic downtown Glenwood Springs is within easy walking distance, and another nearby highlight is the exciting Glenwood Caverns Adventure Park. It has several rides, including a gondola, alpine coaster, and giant canyon swing. Plus, it offers cave tours, laser tag, and more. The famous Hanging Lake Trail, which leads to a breathtakingly beautiful waterfall, is also nearby, but note that the hike is strenuous and requires a permit.
Glenwood Hot Springs Pool Additional Information
Address: 401 N River Street, Glenwood Springs, CO 81601
Cost: $29 (adults 12+), $20 (children)
Hours: 9:00 a.m.–9:00 p.m.
Ready to Explore the Hot Springs Around Steamboat Springs?
As part of the abundance of <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-things-to-do/">things to do in Steamboat Springs</a>, visiting area hot springs is a must-do for residents and visitors. From relaxing riverside in the rustic Hippie Hot Springs to checking out the largest hot springs pool in the entire world, Steamboat Springs is the perfect place to experience the long-beloved tradition of soaking in mineral springs. It's also an excellent way to get refreshed and ready to check out everything else Steamboat Springs has to offer!
2023-03-29T10:04:55-07:002023-03-30T07:44:03-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:25403Yampa River Fun! 5 Things to Do on the Yampa River in Steamboat Springs<img src="https://assets.site-static.com/userfiles/1597/image/things-to-do-on-yampa-river.jpg" alt="Things to Do on the Yampa River" style="width: 100%; margin-bottom: 20px;" />
A quintessential, postcard-perfect Colorado mountain town, <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Steamboat Springs Homes for Sale">Steamboat Springs</a> is nestled on the banks of the Yampa River, just a few hours from Denver. The river flowing right through town is one of the biggest draws to Steamboat. Aside from providing gorgeous natural scenery, the river offers endless recreation opportunities. From its fantastic fly fishing to the class II and class III rapids ideal for kayaking and whitewater rafting to the multi-use Yampa Core Trail, here are five things to do on the Yampa River in Steamboat Springs.
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White Water Rafting
As the longest free-flowing, undammed river in Colorado, the Yampa is ideal for whitewater rafting. Starting right in <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Downtown Steamboat Springs Homes for Sale">downtown Steamboat Springs</a>, there are over 65 miles of class II and III rapids.
Due to seasonal fluctuations in the river's flow, <a href="https://www.coloradorafting.net/destinations/steamboat-springs/" target="_blank">white water rafting in Steamboat Springs</a> is a summer-only <a href="https://www.steamboatsprings-realestate.com/blog/best-water-activities-steamboat-springs/" title="Best Water Activities in Steamboat Springs">water activity</a>, generally from mid-May through August. Peak flow is usually in early June when the spring melt creates higher, faster-moving water levels. This is the most exciting time to go rafting, thanks to the abundance of class II and III rapids, with the occasional class IV (not for beginners).
The best and safest way to experience the thrill of white water rafting is by taking a guided tour between May and July. Several outfitters in Steamboat offer beginner-friendly trips ranging from 1.5 hours to multi-day excursions for experienced paddlers.
Fishing
<img src="https://assets.site-static.com/userfiles/1597/image/yampa-river-fish.jpg" alt="Enjoy Fishing on the Yampa River" style="display: block; margin: 20px auto;" />
The Yampa River is widely regarded as one of the best places in Colorado to catch rainbow and brown trout. Some of the largest fish are caught in Steamboat Springs.
Steamboat has several miles of publicly accessible riverbank where hopeful anglers can cast for trout, including downtown. The Yampa Core Trail is a great place to start, especially because you can move downstream when patience begins to thin. Best of all, fishing isn't a seasonal sport here—in Steamboat Springs, you can fish year-round!
During summer, the most abundant waters are generally those in the river behind Yampa Avenue, between Fifth and Ninth streets. However, you will have an audience as many restaurants look out onto this stretch of the Yampa. The Stagecoach Reservoir is an epic fly fishing spot in winter, thanks to the giant trout that gather in the shallow riffles and large pools here.
If you don't have your own gear, rent it at <a href="https://steamboatflyfisher.com/" target="_blank">Steamboat Flyfisher</a> on Fifth Street or Straightline Sports on Lincoln Avenue. Alternatively, if you prefer a local's guidance and firsthand expertise, ask around (including at either shop!) about hiring a guide for the day.
Paddleboarding
Paddleboarding is becoming increasingly popular on the Yampa, and from town, one of the best access points is the C-Hole (AKA Charlie's Hole), adjacent to Bud Werner Memorial Library. During summer, this stretch of the river becomes Steamboat's beach, with people relaxing on the rocks and swimming and braver folks boarding C-hole. The type of paddleboarding here is whitewater-style rather than flatwater—but it sure is exciting!
For a more peaceful paddling experience, head to scenic Steamboat Lake or Stagecoach Reservoir. Even they can get a bit crowded on sunny weekends, so to really get away from it all (and maybe practice some yoga on your SUP), head to <a href="https://cpw.state.co.us/placestogo/parks/PearlLake" target="_blank">Pearl Lake</a>, one of the <a href="https://www.steamboatsprings-realestate.com/blog/best-lakes-steamboat-springs/">best lakes near Steamboat Springs</a>.
Kayaking
<img src="https://assets.site-static.com/userfiles/1597/image/yampa-river-kayak.jpg" alt="Enjoy Kayaking on the Yampa River" style="display: block; margin: 20px auto;" />
One of the most popular activities in Steamboat Springs is kayaking, and for a good reason. Thanks to the town's convenient access to thrilling whitewater and serene lakes, Steamboat offers various kayaking experiences for everyone.
For thrill-seekers, the stretch of river flowing through downtown provides ample opportunity to tackle class II rapids. The Steamboat Town Run comprises four exciting rapids and holes: the A-Hole, the Double Z wave, the C-Hole, and the D-Hole. Due to rapidly changing water levels, Kayaking can typically only be enjoyed in this section during summer, from May to July.
If you're looking for calmer waters to kayak, River Creek Park and Rich Weiss Park should be your go-to. A bit further away, Steamboat Lake offers a memorable paddling experience. Fortunately, this waterway can be enjoyed via kayak year-round!
There are numerous places in Steamboat Springs to rent kayak equipment, from inflatable kayaks to specialty boats and paddles. If you're new to the sport and hoping to learn the ropes (after all, kayaking is practically a way of life here), consider booking lessons or a tour with <a href="https://www.mountainsportskayak.com/" target="_blank">Mountain Sports Kayak School</a>.
Hiking, Biking, Running & More
Steamboat Springs is not just for water lovers—there's something for all outdoor enthusiasts here. Aside from the river, the town is home to many stunning multi-use trails, challenging mountain bike paths, and of course, natural hot springs, Steamboat's namesake.
The Yampa River Core Trail is, understandably, wildly popular. This 7.5-mile <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-summer-hikes/">Steamboat Springs hike</a> cuts straight through the heart of downtown Steamboat and runs beside the river. It's not just a means to an end—there's plenty to see along the route, including the six-acre <a href="https://www.yampariverbotanicpark.org/" target="_blank">Yampa River Botanic Park</a>, home to 40 colorful, seasonal gardens and sculptures, and ponds. Plus, you'll want to snap some photos of the scenic wooden bridges sprinkled along the trail, built as safe crossings over the fast-flowing Yampa River.
The slightly shorter, 5.2-mile Spring Creek is another excellent multi-use trail where hikers can wander over bridges crossing babbling creeks and see curious wildlife like chipmunks and garter snakes. Spring Creek Trail is seasonal, closing between December and April to protect the native elk herds.
Mountain bike enthusiasts in Steamboat have several incredible trails varying in difficulty, including:
Buffalo Pass/Long Lake Loop: Easy, 14 miles roundtrip
Coulton Creek Loop: Moderate to difficult, 13 miles roundtrip
Fishhook, Lost, and Lake Elmo: Moderate, 6 miles roundtrip
Other popular <a href="https://www.steamboatsprings-realestate.com/blog/biking-events-in-steamboat-springs/">Steamboat Springs bike trails</a> include the Emerald Mountain Trail System, Hare Loop, Mad Creek Trail/Hot Springs Trail, and the Manzanares Loop.
After enjoying The Great Outdoors, relax in the town's mineral hot springs. <a href="https://oldtownhotsprings.org/" target="_blank">Old Town Hot Springs</a> boasts eight natural hot pools ranging from 80° F to 103° F. The center also features a waterfall pool, multiple kids' pools, and its crown jewel, a waterslide pool with two 230-foot-long slides.
The Yampa River Offers Steamboat Year-Round Recreation
Between the excellent river access, Steamboat Springs' 240-plus days of sunshine each year, and a collectively active lifestyle, water recreation is a huge part of the daily culture here. Although it comes to life in the summer with kayakers, paddleboarders, and rafters enjoying the many benefits of being on the river, you'll find people enjoying it in other ways year-round, from fishing to exploring the Yampa River Core Trail alongside it.
2023-03-16T13:40:58-07:002023-03-28T06:15:41-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:24734Living in Downtown Steamboat Springs: 8 Things to Know Before Buying Real Estate in Downtown Steamboat<img src="/userFiles/1597/image/living-in-downtown-steamboat.jpg" style="display: block; margin: 20px auto;" alt="What it's Like to Live in Downtown Steamboat" />
Nestled in Yampa Valley at an elevation of 6,900 feet, the <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Homes For Sale in Steamboat Springs CO">town of Steamboat Springs</a> is surrounded by world-class ski trails and breathtaking Rocky Mountain scenery. At the heart of this vibrant mountain town lies Downtown Steamboat Springs, a walkable neighborhood filled with restaurants, boutiques, galleries, and entertainment venues.
A delightful array of <a href="https://www.steamboatsprings-realestate.com/blog/best-amenities-downtown-steamboat-springs/">amenities in Downtown Steamboat Springs</a> make it a great place to live. Also known as Old Town Steamboat, the area exhibits traditional western roots with contemporary urban indulgences. The result is a "cool cowboy" vibe that is distinct to the neighborhood and a modern edge that keeps up with the times. In this article, we'll explore <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/">Downtown Steamboat Springs real estate</a>, nearby job opportunities, things to do, and a few final considerations to help make the decision to live here easier.
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The Downtown Steamboat Lifestyle
Founded by James Harvey Crawford in 1875, Downtown Steamboat Springs quickly earned recognition as "Cow Town USA," with Lincoln Avenue wide enough for driving cattle through. Skiing enthusiasts may also be familiar with downtown's Howelsen Hill, a well-loved <a href="https://www.steamboatsprings-realestate.com/blog/best-steamboat-springs-ski-resorts/">Steamboat skiing area</a> that opened its first lift in 1915. Named after the Norwegian stonemason and ski-jumping pioneer Carl Howelsen, the hill is home to the country's oldest ski establishment: the Steamboat Springs Winter Sports Club.
Although ski culture is a big part of Downtown's identity, Old Town Steamboat has plenty to offer year-round. During the summer, Yampa Street is alive with art walks, free music concerts, and a <a href="https://www.mainstreetsteamboat.com/farmers-market/" target="_blank">farmers market</a> on Saturdays. Nightlife options also abound, with over 75 restaurants, bars, and live music venues peppering the area. Nature lovers can easily access miles of hiking and biking trails right from the downtown core, while homebuyers will appreciate the neighborhood's wide range of housing options. Homes range from <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-condos/" title="Condos For Sale in Steamboat Springs CO">condos</a> starting in the low $400s to large <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-luxury-homes/" title="Luxury Homes For Sale in Steamboat Springs CO">luxury homes for sale</a> with prices that start at around $1 to $2 million.
Employers Near Downtown Steamboat
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Main Street is the hub of <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-economy/">Steamboat Springs' economy</a>. Old Town Steamboat is conveniently located near some of the city's largest employers, with several companies in the medical and hospitality industries situated just a few miles away. Downtown Steamboat is also close to Routt County's government offices, school districts, and other job opportunities offered by the City of Steamboat Springs.
Colorado Mountain College and Regis University are among the region's premier higher education providers, both located in the heart of downtown. ACZ Laboratories, Big Agnes, Old Town Hot Springs, and Rex's Family of Restaurants also have offices in the area, along with the nearby Yampa Valley Medical Center.
At the same time, other top employers take advantage of the area's pristine snow powder, drawing in skiers, snowboarders, and winter sports enthusiasts worldwide. These include Sheraton Steamboat Resort, Howelsen Hill Ski Area, and the Steamboat Springs Ski Resort.
Other employers near Downtown Steamboat Springs include Yampa Valley Regional Airport, City Market, Xcel Energy, and Honey Stinger, known for its energy snacks and sporting goods.
Downtown Steamboat Amenities
Old Town Steamboat is teeming with services and amenities that make living here comfortable and convenient. Not only that, but the downtown area is home to a variety of shops, grocery stores, and community centers that locals can easily access. With these facilities located on and around Lincoln Avenue, residents can do most of their errands by foot or bike.
Local Services
<a href="https://www.steamboatsprings.net/166/Transit" target="_blank">Steamboat Springs Transit</a> (SST) provides free transportation between Downtown Steamboat Springs and the rest of the city. Most lines in the bus fleet make stops in the neighborhood, connecting riders to Stockbridge station, where the Steamboat Springs Community Center is located. The center is excellent for hosting a private event, with several indoor and outdoor spaces available.
Other services and amenities near the downtown area include the Steamboat Signature Specialty Clinic, which offers podiatry and dermatology services, and Yampa Valley Medical Center. The non-profit medical center is a full-service community hospital dedicated to serving residents' needs throughout northwest Colorado.
Downtown Steamboat Shopping
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Lincoln Avenue is Downtown Steamboat Springs' main shopping strip, with sporting goods stores, mom-and-pop shops, and other retailers lining both sides of the street. Several grocery stores and dispensaries are located in the immediate vicinity, along with florists, bakeries, and pet supply stores.
Popular shopping destinations in Downtown Steamboat include Off the Beaten Path Bookstore and Cafe, the Steamboat Art Company, and Ruby Jane Boutique. Other notable establishments include the Jewelry & Fossil Shop of Steamboat, Urbane Clothing, and Moose Mountain Trading Company.
For fresh produce, meats, and everyday items, locals usually head to Natural Grocers on Lincoln Avenue, where shoppers can find organic, non-GMO products sourced from local farmers.
Things to Do Near Downtown Steamboat Springs
No matter the season, Main Street offers many of the best <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-things-to-do/">things to do in Steamboat Springs</a>. Each winter, a familiar scene unfolds: residents eagerly make their way to the town's many lifts, carrying skis and snowboards underarm. Come spring, summer, and fall, they kayak the Yampa River or hit the trail with <a href="https://www.steamboatsprings-realestate.com/blog/biking-events-in-steamboat-springs/">Steamboat's cycling events</a>. Each activity forms part of a rich tapestry of adventure that can only be experienced in the Rockies' western foothills. Living in Downtown Steamboat Springs puts residents within easy reach of them all.
Outdoor Activities
<a href="https://www.steamboatsprings-realestate.com/blog/steamboat-summer-hikes/">Steamboat trails</a> offer plenty of scenery to choose from, but one stands out from the rest. The Core Trail, which downtowners can access via the Yampa River Core Trail Bridge, offers 7.5 miles of lush meadows and alpine terrain, with views of Mount Werner in the distance. The trail is suitable for all skill levels, making it an excellent spot for a casual stroll or rigorous bike ride. It connects nearby attractions like Howelsen Ice Arena and the Yampa River Botanic Garden, two of Steamboat's most popular recreational spots.
Residents also have quick access to Little Toots Park and West Lincoln Park on the neighborhood's western edge. The famous <a href="https://oldtownhotsprings.org/" target="_blank">Old Town Hot Springs</a> offers eight hot-fed spring pools, rock climbing, and fitness facilities on the eastern side.
Of course, the Steamboat Springs Ski Resort is a mainstay of <a href="https://www.steamboatsprings-realestate.com/blog/best-outdoor-activities-steamboat-springs/">outdoor activities in Steamboat Springs</a>. The world-class ski park is one of Colorado's largest, with nearly 3,000 acres of skiing terrain and more than 150 ski trails. But the annual flurry of snowfall isn't just for skiing—it's a playground for snowshoeing, tubing, and dog sledding.
Restaurants, Breweries, and Bars
Downtown Steamboat has no shortage of dining options from classic American fare to international cuisines. An eclectic array of restaurants, local breweries, and cafes line Lincoln Avenue, making it easy to grab a bite or craft beer. Creekside Cafe is well known for its hearty farm-to-table dishes, while Salt & Lime serves up a delicious selection of tacos. Other hotspots include Winona's, offering an all-day breakfast menu; Back Door Grill, serving a wide selection of gourmet burgers; and several fine dining establishments such as E3 Chophouse, Aurum, and Harwigs.
Nearby Attractions
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In addition to housing Steamboat's museums and galleries, including the Tread of Pioneers Museum and the Steamboat Art Museum, Old Town Steamboat is the epicenter of the town's most visited annual events. These include the Steamboat Winter Carnival, the oldest of its kind west of the Mississippi, and the Steamboat Hot Air Balloon Rodeo, where dozens of colorful hot air balloons dot the sky each summer. Downtown Steamboat also hosts Oktoberfest, Music Fest, a Fourth of July Celebration, and a free summer concert series.
Other notable attractions near Old Town Steamboat include Fish Creek Falls, Strawberry Park Hot Springs, and Mount Werner, where visitors can take in panoramic views of the valley.
Schools Near Downtown Steamboat Springs
Public schools serving Downtown Steamboat are part of the Steamboat Springs School District Re-2. The school district enrolls approximately 2,600 students and has a student-teacher ratio of roughly 13 to one. Homes are zoned for Soda Creek Elementary, Steamboat Springs Middle School, and Steamboat Springs High School. The elementary school is a 10-minute walk from the Lincoln Avenue strip, while the other two are located less than two miles from the heart of downtown.
Private schools in Downtown Steamboat Springs include Steamboat Mountain School, which was founded in 1957 and serves grades K-12, and <a href="https://coloradomtn.edu/campuses/steamboat-springs/" target="_blank">Colorado Mountain College,</a> which offers over 80 vocational and transferable degree programs.
Ready to Live in Downtown Steamboat Springs?
Living in Downtown Steamboat is an excellent choice for those who want to experience one of the <a href="https://www.steamboatsprings-realestate.com/blog/best-neighborhoods-steamboat-springs/" title="8 Best Neighborhoods in Steamboat Springs">best neighborhoods</a> in town. With easy access to scenic trails, world-class ski parks, and hot springs, adventure seekers have plenty to do year-round. Not only that, but Old Town Steamboat's eateries, breweries, museums, and annual events make it easy to socialize and immerse oneself in the town's vibrant culture. From its picturesque scenery to its luxurious offerings, it's no wonder Downtown Steamboat is an attractive option for those looking to live it up in the Rockies.
2023-02-21T12:05:56-07:002023-03-28T06:14:19-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:246085 Most Affordable Places to Live in Routt County: Where to Find Routt County Homes For Less<img src="/userFiles/1597/image/routt-county-affordable-cities.jpg" style="display: block; margin: 20px auto;" alt="Routt County Most Affordable Cities" />
Routt County, Colorado, boasts a storied history of ranching and mining set among spectacular natural features, from breathtaking mountains and dense aspen forests to lush open meadows and relaxing hot springs.
While the county seat of <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Homes For Sale in Steamboat Springs CO">Steamboat Springs</a> is a major tourist attraction due to its ski resorts and hot springs, the region's smaller towns offer a tight-knit sense of community, privacy, and just as much access to northwestern Colorado's beautiful national forests and wilderness areas at more accessible prices.
The most affordable cities near Routt County allow residents to enjoy all the natural beauty, outdoor recreation, and privacy northwestern Colorado offers without breaking the bank.
Brown Ranch
Just west of Steamboat Springs' current city limits, <a href="https://www.steamboatsprings-realestate.com/brown-ranch-condos/" title="Real Estate in Brown Ranch, Routt County">Brown Ranch</a> is a future development aiming to create sustainable, affordable housing options for the city's workforce.
The development's future site is 534 acres of former farmland, where the Brown family grew oats and wheat for over a century. Since the family moved into the city in the early 1980s, the property's rolling hills, meadows, and bluffs have been largely untouched. In 2021, the <a href="https://yvha.org/" target="_blank">Yampa Valley Housing Authority</a> acquired the land and quickly established a 20-member Steering Committee selected from the local community to plan Brown Ranch's development.
Brown Ranch will consist of four neighborhoods with a mix of multi-family apartments, single-family townhomes, and single-family detached homes. The community's gridded street design inspired by Old Town and <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Homes For Sale in Downtown Steamboat Springs">downtown Steamboat Springs</a> will feature alternating greenways closed to vehicles, putting park space within two blocks of most homes.
While the goal is to create a community that won't need to drive into town, Brown Ranch will still offer residents quick access to Steamboat Springs' many attractions, including the Howelsen Hill Ski Area, Steamboat Ski Resort, and Old Town Hot Springs.
Construction in Brown Ranch is aimed to begin in 2026, with the goal of the first homes available by the end of that year. The first phase of 1,200 condos in Brown Ranch is slated to be complete by mid-2029, and another 1,100 homes should be finished by 2040.
Brown Ranch Amenities
Yampa Valley Core Trail
Food Market
Medical Facilities
Daycare Center
Yampa
<img src="https://assets.site-static.com/userfiles/1597/image/yampa-community.jpg" alt="Living in the Yampa Community" style="display: block; margin: 20px auto;" />
Nestled in the Routt National Forest, Yampa is a small agricultural town surrounded by excellent spaces for outdoor recreation.
Yampa began as a hunting camp named Egeria but was later renamed for the many yampa plants in the region. These flowering plants grow in the beautiful open meadows and rolling hills that are so common around Yampa. While the town's name changed, Yampa continues to be a popular location for hunting, with several local businesses supporting the practice.
Montgomery's General Merchandise sells groceries, hardware, and hunting supplies. The historic store is one of the oldest continually-operating general stores in the state and features an old-fashioned meat counter offering homemade sausage.
Meanwhile, Antlers Cafe & Bar provides a gathering spot for the community, serving comfort food like chicken fried steak and pork ramen bowls alongside draft beers, margaritas, and spirits.
The Routt National Forest, which includes the <a href="https://www.fs.usda.gov/recarea/whiteriver/recarea/?recid=81112" target="_blank">Flat Tops Wilderness Area</a> to the town's west, is one of Yampa's star attractions. Over 160 miles of trails allow visitors to enjoy hiking, horseback riding, camping, hunting, and fishing throughout the area.
<a href="https://www.steamboatsprings-realestate.com/yampa/">Homes for sale in Yampa</a> start in the low $300s, although larger homes on more secluded properties can cost up to $3.8 million. However, most homes list from the $400s to the $800s.
Yampa Amenities
Yampa-Egeria Museum
South Routt Elementary School
Yampa Public Library
Stillwater Outdoor Sports
Flat Tops Scenic Byway
Hayden
Located on the banks of the Yampa River, the <a href="https://www.steamboatsprings-realestate.com/hayden/" title="Hayden Homes For Sale">town of Hayden</a> is a small community with a rich agricultural history and excellent opportunities for outdoor recreation.
Hayden's namesake comes from geologist Ferdinand V. Hayden, who surveyed the area in the early 1870s. Farmers began settling in the area in 1874, and a town was established 20 years later.
In 1913, the railroad finally reached Hayden, allowing farmers to export wheat, oats, barley, and sheep. The town held the <a href="https://www.routtcountyfair.org/" target="_blank">Routt County Fair</a> to celebrate this event, and it became an annual tradition that has continued for more than a century. Today, the fair features 4-H events, a rodeo, and amusement rides every August.
Although the railroad ceased livestock and passenger transport in 1968, Hayden remains a regional agricultural center with a few small businesses and restaurants. An ode to the town's history, Wild Goose Coffee at the Granary serves coffee and fresh-baked goods out of a repurposed granary.
Hayden is also an excellent location for outdoor recreation, with the Yampa River State Park just minutes from downtown. Spanning 134 miles of the Yampa River and encompassing the Elkhead Reservoir, the park offers camping, hiking, hunting, fishing, swimming, and river rafting.
The median value of homes in Hayden is $465,000. Some <a href="https://www.steamboatsprings-realestate.com/hayden-townhomes/" title="Townhomes For Sale in Hayden CO">Hayden townhomes</a> list for under $100,000, while expansive properties with luxury homes can cost up to $1.9 million.
Hayden Amenities
Yampa Valley Regional Airport
Hayden Heritage Center
Yampa Valley Brewing Company
Hayden Farmers Market
Phippsburg
Located between Yampa and Oak Creek on Highway 131, Phippsburg is a small rural community of about 200.
Phippsburg began as a coal company town in 1908 when its post office opened. Its name comes from Lawrence Phipps, a US Senator from Colorado who invested in the state's railroad.
By 1912, Phippsburg became a significant railroad yard for the Denver Northwestern & Pacific Railway and the Denver & Salt Lake Railroad. As in Hayden, the railroad stopped passenger service in 1968, but the town's railyard continues to serve the Union Pacific Railroad today.
Most businesses in Phippsburg help support ranching in the community. <a href="https://www.facebook.com/FlatTopsRanchSupply/" target="_blank">Flat Tops Ranch Supply</a> sells hardware, seeds, chicks, and other farm supplies. Meanwhile, Mountain High Farrier Service provides hoof care for most horses in the area.
<a href="https://www.steamboatsprings-realestate.com/phippsburg/">Homes for sale in Phippsburg</a> list from the low $200s to $1.2 million, with most priced in the $300s and $400s. Most are medium to large, with three to five bedrooms and two bathrooms, but homes with one bedroom and bathroom are also available.
Phippsburg Amenities
Phippsburg Community Park
Stagecoach State Park
Historical Society of Oak Creek & Phippsburg
Flat Tops Storage
North Routt
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Located on County Road 129 between the <a href="https://www.steamboatsprings-realestate.com/clark/" title="Homes for Sale in Clark CO">town of Clark</a> and the <a href="https://www.steamboatsprings-realestate.com/hahns-peak/" title="Homes for Sale in Hahns Peak Clark">Hahns Peak community</a>, North Routt is a small community tucked away in the Routt National Forest.
Gold miners, loggers, and ranchers were the primary pioneers of North Routt. The area made history when it was the first place to winter cattle in Routt County. Today, the community's main draw is the privacy afforded by an idyllic backdrop of dense forests and mountains.
<a href="https://www.steamboatsprings-realestate.com/north-routt/">Homes for sale in North Routt</a> often feature large, secluded properties. While the largest and most luxurious houses can cost up to $7.4 million, some North Routt homes—mainly small log cabin-style dwellings—list for under $100,000. The average sale price in North Routt is about $290,000, making it easy to find affordable homes in the community.
North Routt is adjacent to the Routt National Forest's Mount Zirkel Wilderness, an excellent location for camping, hiking, fishing, hunting, and cross-country skiing. A short trip north to Hahns Peak offers access to Steamboat Lake, a beloved camping and boating spot.
Just four miles south in Clark, the <a href="https://www.clarkstore.com/" target="_blank">Clark Store</a> serves as a focal point for the community. This general store combines a grocery store, a full-service liquor store, and a deli to meet all of North Routt's culinary needs. The building also hosts a US Post Office.
North Routt Amenities
Pearl Lake State Park
North Routt Community Charter School
Hummingbird Quilt Studio
New Beginnings Interiors
Affordable Living Near Routt County, Colorado
Home to stunning mountains, beautiful national parks, and a compelling history of ranching and mining, Routt County offers excellent opportunities to enjoy life outdoors. Homebuyers thinking of <a href="https://www.steamboatsprings-realestate.com/about/moving-to-steamboat-springs/">moving to Steamboat Springs</a> and the surrounding area can benefit from considering Routt County's most affordable cities. Activities like hiking, horseback riding, hunting, fishing, and skiing are often just minutes away from home, and local businesses and events help support these adventures. These six communities provide attractive housing that allows their residents to experience northwestern Colorado's beauty, history, and privacy at an affordable rate.
2023-02-15T13:13:17-07:002023-02-28T13:40:39-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:8125Choosing a Home Builder: The Best Traits to Look For in a Builder<img src="/userFiles/1597/image/choosing-home-builder.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Tips to Choose a New Construction Home Builder" />
Buying a brand new home is a lifelong dream that is realized by many each year. However, choosing the best home builders and contractors to construct a quality <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-new-construction-homes/" title="Steamboat Springs New Construction Homes For Sale">new construction home</a> that meets buyers' needs takes more than looking one up randomly online or in the phone book. While those eyeing a specific community may already be dealing with the neighborhood's set builder, others may have a broader choice to make. Read on for some key tips to help such buyers identify top new construction home builders to ensure remarkable results.
How to Find a Home Builder
Finding the right home builder is essential when building a new construction home. Before you can start vetting builders, you need to find them. When researching local home builders, try starting at your local home builder's association. Many of these organizations have websites that list builders in the area and reviews from previous customers.
If you plan to work with an agent to help facilitate the purchase of the new home, ask them about builders. Agents are a goldmine of local knowledge, and they'll be able to supply you with a list of potential builders. On top of that, they may also know the builders' reputations and be able to help you choose the best one for your needs.
If you have friends or family who have purchased new construction homes, ask them about who built their home and their experience working with them. You can also ask to see their homes to get a better idea of the workmanship the builder provides.
Finally, you can always turn to the internet. Searching "home builders near me" on Google or another search engine is sure to turn up local home builders for you to look into. You may also be directed to aggregate websites that show you a list of builders working in a specified area. These websites can be handy because they display information clearly and uniformly.
Once you've compiled a list of potential builders, you can start vetting them.
Great Builders Have All Their Paperwork In Order
Builders with a solid reputation and a customer-first mindset will always have a clear and understandable written contract. This document should be very detailed and leave no questions unanswered that a buyer, designers, architects, or contractors will have during the process.
A portion of the contract should be dedicated to defining the responsibilities of the home builder. It should also address specifics concerning their obligations to comply with insurance coverage during the project and meet licensing and <a href="https://www.thespruce.com/what-is-a-building-permit-1398344" target="_blank">building permit requirements</a> in the community they are working in.
New home builders are required to carry policies for employers' liability insurance and worker's compensation. Public liability insurance and worker's compensation policies cover both the buyer and the contractor should any type of property damage occur during construction or should a worker or another party be injured on the job site. Copies of these documents should be made available to potential buyers, so be sure to confirm that these policies are up to date and ensure the coverage will be active throughout the duration of the construction process itself.
Great New Home Builders Focus On Quality Over Quantity
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Take a look at how many homes builders complete each year for a good idea of whether they value quality above and beyond quantity. While a larger company specializing in multi-family or tract housing may realistically complete a hundred or more jobs annually, a custom home builder might only handle a dozen.
When evaluating these numbers, keep in mind the size of the contracting team and the style of homes they specialize in. When it comes to single-family homes, lower production is often a sign that they value quality workmanship above mere bottom-line profits with quantity.
If it's possible, take time to personally drive by or tour homes the builder has previously completed. In master-planned communities, there is typically an agent that can schedule tours of model homes with all the bells and whistles in place, allowing buyers to see all the possibilities for their dream home with a certain builder.
When Talking to Previous Customers, They Have Good Things to Say
One of the best ways to explore the quality of any builder's previous work is by vetting their reputation with previous buyers and owners occupying the resulting properties. Some current owners are more than happy to confirm any referrals provided by the builder and sub-contractors, and if scheduled in advance, they just might be open to giving potential buyers a tour of the interior.
It's also a good move to access online searches from reputable sources. Research lists of top builders in the area and read verified reviews, while also reading between the lines. Do a public records search that can also reveal any recent name changes or confirm reviews of bad service from the company.
Check out the builders' current ratings under consideration with the Better Business Bureau, which can disclose complaints and indicate any current judgments the company may be facing. Contact the primary suppliers and vendors that the builder works with as a last step. Ask whether the builder's accounts are in good standing. Builders with slow payments or bad credit with local suppliers should be a big red flag.
Top Home Builders Know Their Stuff & They're Transparent About Telling You
Transparency in offering information and being wholly up-front about answering any questions potential clients ask is a wonderful indicator of professionalism that is desirable in a home builder. The initial meetings in the home building process typically are between the buyer and the builder's sales representatives. Buyers should come prepared and ask these key questions as a priority:
Are financial incentives offered when using the builder's preferred lender?
Are the lot costs & landscaping included?
How long will the building process take?
What standard finishes and options are included versus upgrades?
Are appliances included or discounts available for bringing your own?
Does the contract include a <a href="https://buildertrend.com/blog/escalation-clauses-benefits/" target="_blank">cost escalation clause</a> should material prices change?
With these questions answered and backed in writing, homebuyers can easily narrow down potential prospects to consider signing on with.
Due Diligence in Research Ensures a New Construction Home to Be Proud Of
When searching for a top home builder near you, these time-tested approaches can mean the difference between a successful build or one that results in a complete disappointment. There are many <a href="https://www.steamboatsprings-realestate.com/blog/new-construction-home-buying-pros-cons/">things to consider when buying a new construction home</a>, and the team doing the building may be one of the most important of all.
2023-02-08T11:00:00-07:002023-02-08T13:13:05-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:239605 Downtown Steamboat Springs Amenities: What's It Like to Live on Main Street Steamboat?<img src="/userFiles/1597/image/downtown-steamboat-best-amenities.jpg" style="display: block; margin: 20px auto;" alt="Best Amenities in Downtown Steamboat Springs" />
<a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Downtown Steamboat Springs Homes For Sale">Downtown Steamboat Springs</a> is a fantastic place to live, work, and play—and not only during ski season! Many people think of Steamboat primarily as a ski destination, but more are starting to realize this Colorado mountain town has plenty to offer year-round. Of course, world-class skiing is practically next door to anywhere in town, but there is much more waiting for residents and visitors to discover. Here are just a few of the best amenities in downtown Steamboat Springs, Colorado.
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Ski Slopes & Hot Springs Just Outside Your Door
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<a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Steamboat Springs Homes For Sale">Steamboat Springs</a> is renowned as one of the best skiing destinations in the United States, with thousands of skiers descending on the small town every winter. As its name implies, the area is also home to several natural hot springs.
Howelsen Hill is the oldest continuously operating ski area in Colorado, opened in 1915. It's also home to North America's largest natural ski jumping complex. The 17 alpine and nine nordic trails create a world-class skiing experience with an authentic small-town feel. Ski Town USA, as Steamboat is often called, is the home away from home for many Olympic athletes.
<a href="https://oldtownhotsprings.org/" target="_blank">Old Town Hot Springs</a> is another nearby gem. The facility has three spa pools, a larger main pool, waterslides, a lap swimming pool, and more, with all the water naturally fed from the Heart Spring. It's a great place to exercise, relax, and enjoy the natural spring water, which has no chlorine or other chemicals. Routt County residents can also get memberships.
Stylish Condos & Single-Family Homes
While it's a ski town at its core, Steamboat Springs was built to serve the residents and community well beyond ski season. There are plenty of modern homes and <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs-condos/">condos for sale in downtown Steamboat Springs</a>, plus classic ski chalet-style homes and <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-log-cabin-homes/" title="Steamboat Springs Log Cabin Homes For Sale">log cabins</a>.
The average home cost in downtown Steamboat Springs is around $1.45 million. Prices range from the low-$400s for a one-bed, one-bath condo or apartment to luxury homes in the $4 million range. Homebuyers will find a little bit of everything in between, with various sizes, styles, and locations to choose from.
The downtown core is super walkable, with most destinations easily accessible on foot or by bike. Steamboat also has a free, easy-to-use bus system for those who want to branch out a bit or don't live right downtown. Residents and visitors will find an ice complex, breweries, a tennis center, public parks, a community center, and <a href="https://www.steamboatsprings-realestate.com/blog/biking-events-in-steamboat-springs/">biking trails in Steamboat Springs</a>. Almost everything, including <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-schools/">Steamboat Springs' schools</a>, is within walking distance of the community's homes.
Delicious Restaurants on Every Block
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Downtown Steamboat Springs has many dining options, from cafes and casual bars to upscale restaurants and Mexican food. One of the most popular spots in town is Laundry, offering an upscale experience with a creative menu featuring seasonal dishes cooked with local ingredients. There's also an expansive list of wine, whiskey, cocktails, and more to enjoy during <a href="https://www.steamboatsprings-realestate.com/blog/our-top-3-favorite-happy-hours-in-steamboat-springs/">happy hour in Steamboat</a>.
O'Neil's Tavern & Grill is Steamboat's beloved Irish pub, delivering fantastic food, drinks, and atmosphere. You'll find Irish classics like shepherd's pie, Irish pot roast, fish and chips, Reuben sandwiches, and more. The full bar also has a great selection of drinks, plus plenty of TVs to watch the game.
Mazzola's Italian Restaurant delivers when it comes to Italian food. It offers all the classics and a few dishes with a unique Colorado twist, such as the bison lasagna or lamb bolognese. The wine selection is equally excellent, and the atmosphere is perfect.
<a href="https://www.steamboatbooks.com/" target="_blank">Off The Beaten Path</a> Bookstore & Coffee House is perfect for grabbing a coffee and cozying up with a good book. This independent bookstore is one of the <a href="https://www.steamboatsprings-realestate.com/blog/best-coffee-shops-steamboat-springs/" title="Best Coffee Shops in Steamboat Springs">best coffee shops</a> in Steamboat Springs, offering a wide selection of books, specialty drinks, and pastries. It's the perfect place to spend a rainy day or warm up near Mainstreet Steamboat.
Plenty of Shops to Choose From
Shoppers will feel right at home in downtown Steamboat. While it's a smaller town, many seasonal visitors <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-vacation-guide/">vacationing in Steamboat Springs</a> throughout the year result in impressively curated shopping options with influences from all over.
<a href="https://www.steamboatsprings-realestate.com/blog/best-shopping-steamboat-springs/">Stores in Steamboat Springs</a> include Elevated Olive, a unique company offering interactive tastings of some of the world's best olive oils and balsamic vinegar. With nearly 30 different olive oils and 20 balsamic vinegars, Elevate Olive also sells salts, mustards, marinades, olives, and more.
Being a high adventure town, Steamboat Springs has many outdoors-oriented shops. Alongside locally owned and niche labels, shoppers will find several higher-profile brands like Marmot, Big Agnes, lululemon, and The North Face for apparel and outdoor equipment.
Steamboat also has several outdoor recreation stores with a good mix of offerings, from snow sports to biking to fishing and a little bit of everything in between. Some of the most popular include:
Hard Headed
Hala Gear Space
Switchback Sports
Steamboat Flyfisher
Straightline Sports
Awesome Annual Events
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Steamboat Springs is a happening town every month of the year. While winter and summer are typically the busiest, there's always something happening on Mainstreet, and there are plenty of annual events to enjoy throughout the year.
Late May brings the highly anticipated Steamboat Springs Chili Challenge, an afternoon of music, mingling, and tasting various chili made by Steamboat locals.
The longstanding 4th of July celebration has changed a bit recently pivoting away from fireworks in Steamboat due to a higher risk of wildfires. However, the entire community still gathers to celebrate, and Mainstreet comes to life with people, parades, ski jumping, music, food, and fun.
Steamboat has large Sidewalk Sales three times per year, so there's no need to wait for Black Friday deals. Local shops have great finds one weekend each in March, Memorial Day weekend, and Labor Day weekend.
The <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-farmers-market/">Steamboat Springs Farmers Market</a> is held on Saturdays from June through September, offering tons of local produce and artisan products.
<a href="https://www.steamboatsprings-realestate.com/blog/october-events-in-steamboat-springs/" title="October Events in Steamboat Springs">Things to do in Steamboat Springs in October</a> include Restaurant Week, the perfect chance to enjoy many great local restaurants with special menus all week. <a href="https://www.steamboatsprings-realestate.com/blog/spooky-steamboat-events-for-halloween/" title="Halloween Events in Steamboat Springs">Halloween on Mainstreet</a> is not something to miss, either. There's always a massive party with locals going all out for the holiday. A kids' costume contest is often one of the highlights, aside from the big bag of candy everyone goes home with.
<a href="https://www.steamboatsprings-realestate.com/blog/december-events-in-steamboat/" title="December Events in Steamboat Springs">December in Steamboat Springs</a> is packed with several holiday events. With snow blanketing everything and holiday decor throughout town, it makes a perfect backdrop to any holiday celebration!
Downtown Steamboat Is More Than Just a Ski Town
The downtown Steamboat Springs community has much to offer everyone throughout the year. There's always something happening, the location is fantastic, the area is walkable, and the restaurant scene is exceptional! So while ski season may be "high season," living here is truly a treat year-round.
2023-01-12T09:15:30-07:002023-03-28T06:12:06-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:19552Should You Buy a New Construction Home? 6 Pros and Cons to Consider<img src="/userFiles/1597/image/new-construction-pro-cons.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Pros and Cons of New Construction Homes" />
There's nothing quite like that first moment when a buyer receives the keys to their new home. The moment can be even more special when it is a newly constructed home, and they will be the first to live in the dwelling. While there are several advantages to buying a new construction home, there are also other factors that buyers should consider. Read on to discover the pros and cons of buying <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-new-construction-homes/" title="Steamboat Springs New Construction Homes For Sale">new construction homes</a>.
The Advantages of Buying New Construction
A new construction home can include anything from a <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-single-family-homes/" title="Steamboat Springs Single-Family Homes For Sale">single-family home</a> to a <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-condos/" title="Steamboat Springs Condos For Sale">condominium</a>. If the home is brand-new and no one has ever lived in it before, it can feel even better than if the buyer were to purchase an existing property. Here are some of the advantages of buying new construction.
You're the First Owner
The most apparent advantage to purchasing a new construction home is that the buyer is the first owner. No one else has had the chance to put their stamp on it. Additionally, there will be no surprises in the coming years regarding maintenance. Those who purchase older homes sometimes find that expensive repairs that the previous owner should have completed were put off in favor of a more affordable, temporary job.
Depending on the age of a home, it may not be wired for high-speed internet, security systems, or other modern features. Today, many new construction homes will be fully wired 'smart homes,' which require no additional contracting work. A new construction home will be in immaculate condition, and it will be unlikely that any repairs will be needed for years to come.
It's Personalized to Your Taste
Building a new construction home often allows the buyer to have some input into personalizing it. If it is a fully custom build, the new owner has direct input in most aspects of the home, from layout to construction materials to fixtures. A semi-custom build also allows some input, such as finishes and design. This minimizes the amount of work or replacements the new owner will have to do eventually because they already have the exact house they wanted.
There won't be any "interesting" carpets from the 1970s to replace, and none of the rooms will require new wallpaper or repainting right away. None of the appliances need to be replaced because they are brand new and were chosen by the new owner. Purchasing a new construction home allows the owner to get exactly what they want, while that might not be the case when buying a pre-owned home. Plus, the new build means that another buyer will not be placing a higher bid and taking it off the market.
New Homes Often Come With Warranties
When you buy new construction, you often get the benefit of a home warranty that can cover unexpected repairs and damage. Most builders offer warranties to protect the buyer in case something goes wrong with the home during their first year of ownership. This can be especially helpful if the home has any issues or defects that weren't immediately noticeable when purchasing it. Depending on the builder, some warranties may even cover a few years after you move in. The warranty will give you peace of mind knowing that if something goes wrong with your new home, it'll be fixed or replaced without any out-of-pocket expense.
On the other hand, buying a pre-existing home usually doesn't come with a warranty of any kind. You may be able to purchase a home warranty, but it'll likely come at an additional cost and won't cover anything prior to your ownership of the house. If something goes wrong or breaks after you move in, you're responsible for the repair costs. This can be expensive if there are major issues, such as plumbing, electrical, or structural problems.
What to Know Before Buying a New Construction Home
<img src="https://assets.site-static.com/userfiles/1597/image/new-construction-roof.jpg" alt="Buying a New Construction Home is Different from an Exisiting Home" style="display: block; margin: 0 auto 20px auto;" />That's not to say that there are no pitfalls when buying a new construction home. The process is different than purchasing a home from a previous owner, and potential buyers need to understand that. Here are some things that buyers need to know as they head into this process.
Building Takes Time
A fully custom new home build can take ten months to two years for builders to complete. The size of the home will also play a role in the construction timeline, as bigger houses take longer to build.
The build process can often be completed in six to eight months for a semi-custom home. However, buyers should know that several factors can extend the length of time before move-in. For example, unexpected rainy weather can delay the construction process. If temperatures drop below freezing or climb above 100° F, it can cause structural issues. Unforeseen events such as <a href="https://www.fool.com/investing/2022/01/03/how-are-supply-chain-issues-affecting-homebuilders/" target="_blank">supply chain issues</a> can delay the arrival of building materials, which also pushes the timeline back.
The timeframe described above only includes the construction time. The pre-construction phase and any required architectural design will add additional months to the overall project. Buyers must have realistic expectations for the time needed to build their new home and <a href="https://www.steamboatsprings-realestate.com/blog/how-to-choose-a-home-builder/">choose their homebuilder</a> wisely.
The Model Homes Will Have Higher Prices Than the Advertised Homes
Development communities often first build a "model home" that potential buyers can explore. However, the model homes come with all of the "bells and whistles" the developer can include in a house—not necessarily the features in the buyer's finished home. Purchasing a home exactly like the model home will be more expensive. The good news is that if the buyer doesn't want all the features included in the model home, they can negotiate a lower price on their build.
Buyers should take notes when touring a model home, writing down all the features they appreciate and want to see in their finished build. Additionally, they should record every desired quality in writing while the home is still in the negotiation phase.
Be Ready to Negotiate from a Different Angle
Speaking of negotiating, that process is also different when purchasing a new construction home. The buyer and their agent are not dealing with another realtor or a current homeowner. They are negotiating with the developer.
It's highly unlikely that a developer will shave anything off the top of the purchase price of a new construction home. To negotiate the price, the buyer will need to negotiate add-ons and features to be subtracted from the finished product. Buyers should also know that if they decide to add features, it will increase the price of the completed property.
A New Construction Home Can Be a Dream Come True
For many buyers, the pros of purchasing a new construction home far outweigh the cons. There is something exceptional about being the first owner of a completely new home and being able to customize it exactly how you want.
2022-12-28T12:00:00-07:002022-12-28T14:31:57-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:23413Best Ski Resorts Near Steamboat Springs: Top 3 Steamboat Springs Ski Areas<img src="/userFiles/1597/image/steamboat-springs-ski-areas.jpg" style="display: block; margin: 20px auto;" alt="Best Ski Areas in Steamboat Springs" />
Steamboat Springs has been a hub for skiing and other snow sports since its incorporation as a town in 1900. In the town's early days, skiing was the only way to get around during the snowy winters. As Steamboat Springs grew, residents established ski resorts and helped turn the community into a hotspot for skiing competitions and Olympic training.
The best ski resorts near <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Steamboat Springs Homes for Sale">Steamboat Springs</a> offer great opportunities for outdoor recreation and connecting with the community's skiing culture. These resorts provide facilities for all varieties of skiing, from traditional alpine skiing to adventurous backcountry skiing. Living nearby makes it easy to enjoy skiing all season long and take advantage of the impressive amenities the resorts offer. For skiing enthusiasts <a href="https://www.steamboatsprings-realestate.com/about/moving-to-steamboat-springs/">moving to Steamboat Springs</a>, here's everything you need to know about the best ski resorts near town.
Howelsen Hill Ski Area
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Famed for its long history as an Olympic training ground, <a href="https://steamboatsprings.net/131/Howelsen-Hill-Ski-Area" target="_blank">Howelsen Hill Ski Area</a> boasts North America's most complete natural ski jumping complex. The ski area is open from November 26 to March 26 and offers amenities like free skiing on Sundays, an on-site snack bar, and various training programs.
Howelsen Hill has 17 alpine trails and nine Nordic trails to explore. Snowshoes and fat bikes are welcome on the trails and are available for rent at shops throughout Steamboat Springs. Uphill access is allowed in some areas during operating hours and throughout the park during non-operating hours. Skiing is free on most Sundays and does not require a reservation.
Patrons can fuel their ski adventure with concessions from the Outrun. The snack bar offers breakfast, sandwiches, hearty soups, warm drinks, and local beers.
The Steamboat Springs Winter Sports Club uses part of Howelsen Hill as a training ground on select Sundays. The group offers various skiing and snowboarding programs, including alpine, cross-country, freeskiing, mogul, and ski jumping. The Beacon Training Park near the Barrows chairlift also provides safety equipment training.
Howelsen Hill does not have on-site lodging available, but its convenient location in downtown Steamboat Springs puts it close to excellent resorts and hotels.
Where to Live Nearby
Brooklyn, Fairview, and Downtown Steamboat Springs offer great homes just minutes from the Howelsen Hill Ski Area.
The Brooklyn neighborhood is less than a mile southeast of Howelsen Hill. <a href="https://www.steamboatsprings-realestate.com/brooklyn/" title="Brooklyn Homes & Real Estate">Homes in Brooklyn</a> are typically small to medium, with two to five bedrooms and one to four bathrooms. They're generally priced from the mid-$600s to $1.6 million.
Fairview is about 1.5 miles northeast of Howelsen Hill. Most <a href="https://www.steamboatsprings-realestate.com/fairview/" title="Fairview Homes & Real Estate">Fairview homes for sale</a> are medium to large, and many back up to scenic greenbelts and Emerald Mountain. They usually list from the high $500s to $2 million.
Just across the creek, Downtown Steamboat Springs—one of <a href="https://www.steamboatsprings-realestate.com/blog/best-neighborhoods-steamboat-springs/">Steamboat Springs' best neighborhoods</a>—is only half a mile from Howelsen Hill. Condos and single-family homes in Downtown Steamboat Springs vary from small to large, with one to six bedrooms and up to five bathrooms. Many of these homes feature elegant stonework usually associated with mountain homes. <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/">Homes for sale in Downtown Steamboat Springs</a> typically list from the $400s to over $3 million.
Steamboat Ski Resort
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Located just south of Steamboat Springs, <a href="https://www.steamboat.com/" target="_blank">Steamboat Ski Resort</a> is one of the largest ski resorts in Colorado, featuring 169 trails across 2,965 acres. The spacious ski area is open from November 22 to April 8 and offers unique experiences like night skiing, ice skating, and gondola rides from its luxurious base area.
The Steamboat Square base area boasts an après ski plaza complete with bars and restaurants, a concert stage, and an ice rink. From there, patrons can ride one of 18 lifts to the top of the slopes or enjoy a scenic tour on the longest gondola in North America.
Steamboat Ski Resort's Snowsports School offers group lessons, private lessons, and seasonal programs for skiing and snowboarding. Students will need to rent equipment or bring their own. Equipment rentals are available through Steamboat Sports, which has four locations around the base area. It also offers complimentary delivery to the Steamboat Grand.
<a href="https://steamboatgrand.com/" target="_blank">The Steamboat Grand</a> is an upscale resort with 328 individual accommodations—including hotel rooms, condos, and penthouses—conveniently located in Steamboat Square. Guests can enjoy a heated outdoor pool, health club, and cozy lounge.
Where to Live Nearby
One Steamboat Place, EagleRidge Lodge, and Ski Ranches offer homes of all sizes within half a mile of Steamboat Ski Resort.
Located at the resort's base area, One Steamboat Place boasts upscale ski-in/ski-out condos just steps from the gondola. <a href="https://www.steamboatsprings-realestate.com/one-steamboat-place-condos/" title="One Steamboat Place Condos For Sale">Condos in One Steamboat Place</a> are three- and four-bedroom units, typically priced in the $400s, with whole ownership and vacation rentals available.
EagleRidge Lodge features studios and townhomes with up to three bedrooms. The resort-style community offers luxurious amenities, including a heated pool, steam room, and workout room. Located less than half a mile southwest of Steamboat Ski Resort, a shuttle can transport residents and guests to the resort in just a few minutes. <a href="https://www.steamboatsprings-realestate.com/eagle-ridge-steamboat/" title="Condos & Townhomes For Sale in Eagle Ridge">Condos and townhomes in EagleRidge</a> list from the low $600s to $2 million.
The Ski Ranches subdivision is just half a mile southeast of Steamboat Ski Resort. Its detached homes vary considerably in size, offering between two and eight bedrooms and bathrooms. <a href="https://www.steamboatsprings-realestate.com/ski-ranches/" title="Ski Ranches Homes & Real Estate">Homes in Ski Ranches</a> list from the mid-$500s to $2.7 million.
Bluebird Backcountry
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Centered on Bear Mountain, <a href="https://bluebirdbackcountry.com/" target="_blank">Bluebird Backcountry</a> is about 40 minutes southeast of Steamboat Springs in Kremmling. This unique ski resort offers backcountry skiing, training lessons, and rustic lodging options from December 29 to March 26.
Bluebird Backcountry does not need chairlifts, unlike other ski resorts near Steamboat Springs. Instead, guests can use 11 marked skin tracks to access the resort's 28 ungroomed runs. Dogs are welcome to join in the fun heading uphill or down the slopes.
The ski resort offers backcountry skiing lessons and avalanche training options for all skill levels. Guests can choose from group lessons, private lessons, and informal mentoring sessions. It's even possible to spend a day exploring Bluebird Backcountry's 3,000 acres of out-of-bounds space with an experienced guide. Equipment rentals are available at the resort's base camp.
The base camp's snack stand features food from local brands, including hot self-serve options. The resort also offers outdoor fire pits perfect for roasting marshmallows and other goodies.
Bluebird Backcountry is closed on Tuesdays and Wednesdays, but lodgings are available from Wednesday through Sunday. Guests can stay in the resort's hostel, cozy cabins, base camp, ski-in domes, or at the campground. While tent camping is possible, the resort strongly recommends using a winterized camping vehicle.
Where to Live Nearby
The secluded Timbers Village and Lake Catamount neighborhoods offer beautiful homes about 30 minutes west of Bluebird Backcountry. Homes in these neighborhoods feature many of the hallmarks of classic mountain homes, with subdued earthy tones, post-and-beam architecture, and expansive windows showing off their natural surroundings.
Timbers Village is a small neighborhood just south of Steamboat Springs and about 25 minutes from Bluebird Backcountry. It offers a mix of small- to medium-sized townhomes and detached homes with two-plus bedrooms and bathrooms. <a href="https://www.steamboatsprings-realestate.com/timbers-village/">Timbers Village homes for sale</a> list from the mid-$600s to $1.2 million.
Lake Catamount is an upscale lakeside community a little over 30 minutes from Bluebird Backcountry. Homes in this neighborhood tend to be quite large, with three-plus bedrooms and bathrooms. Catamount Ranch & Club manages the community's private 530-acre lake, golf course, some of <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-summer-hikes/">Steamboat's best hiking trails</a>, tennis courts, and spa pool. <a href="https://www.steamboatsprings-realestate.com/lake-catamount/" title="Lake Catamount Homes & Real Estate">Homes in Lake Catamount</a> list from $1.3–$5.8 million.
Living Near the Best Steamboat Springs Ski Resorts
The best ski resorts near Steamboat Springs offer facilities for various types of skiing and other fun winter activities. Nearby neighborhoods offer excellent homes of all sizes, from cozy condos and townhomes to spacious and secluded <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-luxury-homes/" title="Steamboat Springs Luxury Homes For Sale">Steamboat Springs luxury homes</a>. Living close to the best ski resorts near Steamboat Springs makes it easy to enjoy the best aspects of mountain living, with gorgeous natural views and easy access to the slopes.
2022-12-13T10:52:56-07:002023-07-06T10:12:37-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:211708 Best Neighborhoods in Steamboat Springs<img src="/userFiles/1597/image/steamboat-springs-best-neighborhoods.jpg" style="display: block; margin: 20px auto;" alt="Steamboat Springs Best Neighborhoods" />
Steamboats Springs is a picturesque mountain town and a top destination for outdoor enthusiasts. As such, it's no surprise that <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/">Steamboat Springs real estate</a> is some of the most desirable in Routt County. If you're considering <a href="https://www.steamboatsprings-realestate.com/about/moving-to-steamboat-springs/">moving to Steamboat Springs</a>, you'll need to know where to find Steamboat's best neighborhoods to start your home buying search. Whether you live near the slopes in the resort area or surround yourself with downtown shops, you're sure to love living in The Boat.
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Fish Creek Falls
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The most notable feature in this neighborhood is, of course, Fish Creek Falls, a 283-foot waterfall that's especially beautiful in the springtime when the snowmelt is at its peak. The area surrounding the falls is higher than the rest of Steamboat Springs, so those who live here enjoy gorgeous views of Emerald Mountain, Howelsen Hill, and the Yampa River Valley.
In addition to its natural beauty, Fish Creek Falls is close to the Steamboat Ski Resort, making it an ideal location for winter sports enthusiasts. Another neighborhood mainstay is the <a href="https://www.rollingstoneranchgolf.com/" target="_blank">Rollingstone Ranch Golf Club</a>, an 18-hole championship course surrounded by incredible mountain scenery. Rita Valentine Dog Park, Spring Creek Trail Head, and Fetcher Park are nearby, offering residents ample opportunities to get outside and enjoy the fresh mountain air.
<a href="https://www.steamboatsprings-realestate.com/fish-creek-falls/">Homes for sale in Fish Creek Falls</a> are primarily single-family properties, with some townhomes and condos mixed in. Many were built in the '80s and '90s, though a few new construction homes exist. Prices vary widely depending on the property type and location, with homes typically ranging from the low $600,000s to over $4 million.
Fish Creek Falls Amenities
Fish Creek Falls is named after the towering waterfall located in the neighborhood.
Route County Road (RCR) 40 provides quick and easy access to the rest of Steamboat Springs.
Popular restaurants in the neighborhood include Freshies, The Egg, and Fiesta Jalisco.
Schools serving the community include Soda Creek Elementary and Steamboat Springs Middle School.
The Sanctuary
Nestled in the foothills east of Mount Werner, The Sanctuary is one of Steamboat Springs' newest subdivisions. The neighborhood is known for its grand homes in various architectural styles, from mountain chalets and rustic lodges to modern residences with floor-to-ceiling windows.
An eclectic dining scene can be found just south of The Sanctuary, featuring everything from upscale steakhouse fare to casual Mexican cuisine. Favorites include top-rated restaurants like Timber & Torch, Slopeside Grill, Truffle Pig, and Los Locos. There's also a grocery store and several cafes in the area.
Entertainment, shopping, and dining opportunities in The Sanctuary include the <a href="https://www.yampariverbotanicpark.org/" target="_blank">Yampa River Botanic Park</a>, a 42-acre oasis filled with gardens, ponds, and walking trails, and Central Park Plaza, a shopping center with a gym, bagel shop, and several department stores.
<a href="https://www.steamboatsprings-realestate.com/the-sanctuary/">Homes for sale in The Sanctuary</a> typically range in price from $1 million to $5 million. Most of the homes have at least four bedrooms, two full bathrooms, and over 3,000 square feet.
The Sanctuary Amenities
The Sanctuary is a newer neighborhood in Steamboat Springs with grand homes and sweeping views.
The Steamboat Springs School District Re-2 serves public schools in The Sanctuary.
Trendy cafes include The Paramount, Cafe Diva, and Dusky Grouse Coffee.
The Sanctuary is near UCHealth Yampa Valley Medical Center, a top-rated hospital in the county.
Stagecoach
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Stagecoach was initially intended as a ski resort in the '70s, but it grew into a residential neighborhood over the following decades. Located about 30 minutes south of Steamboat Springs' Downtown neighborhood, this serene community is an excellent option for those who want to be close to the action but prefer a little more quiet.
The neighborhood is home to <a href="https://cpw.state.co.us/placestogo/parks/Stagecoach" target="_blank">Stagecoach State Park</a>, an 820-acre reservoir with boating, fishing, swimming, and camping activities. Trails in the area, including the famous Elk Run Trail, provide breathtaking views of the reservoir and surrounding mountains. In the winter, the area is transformed into a haven for cross-country skiing and snowshoeing.
<a href="https://www.steamboatsprings-realestate.com/stagecoach/">Stagecoach real estate</a> includes single-family properties, townhouses, and condos in rustic lodge and mountain chalet styles. Many homes near the reservoir have their addresses drawn from the <a href="https://www.steamboatsprings-realestate.com/oak-creek/" title="Oak Creek Homes for Sale">Oak Creek community</a>, a small town located just west of Stagecoach. Home prices usually range from the low $400,000s for a 1,500-square-foot townhome to $2 million for a 5,000-square-foot home on generous acreage.
Stagecoach Amenities
Stagecoach State Park offers year-round recreation such as camping, swimming, snowshoeing, and more.
Homes in Stagecoach vary from rustic lodges to mountain chalets, and many offer scenic views of the reservoir.
RCRs 14, 16, and 131 are the main roads in and around Stagecoach, connecting the community to the rest of Steamboat Springs.
Popular eateries in nearby Oak Creek include Lupita's Cantina, The Colorado Bar & Grill, and Franciosi Brothers.
Steamboat Lake
The sparsely populated community of Steamboat Lake is about 30 minutes north of Downtown Steamboat Springs. It's situated at the base of Hahn's Peak, a prominent 10,000-foot summit in the Elkhead mountains. The community is named for its centerpiece: the artificial Steamboat Lake, a 1,100-acre clearwater reservoir with fishing, boating, swimming, and wildlife viewing.
The community is home to the <a href="https://www.steamboatlakemarina.com/" target="_blank">Steamboat Lake Marina</a>, where visitors can rent pontoons, paddleboards, and kayaks. Cozy cabins are also available for rent year-round. Additional lodging and opportunities for snowmobiling and horseback riding can be found at the nearby Steamboat Lake Outpost, a pet-friendly guest ranch with a restaurant and general store.
<a href="https://www.steamboatsprings-realestate.com/steamboat-lake/">Steamboat Lake homes for sale</a> consist of log cabins, ranch homes, and A-frames typically priced between $300,000 and $900,000, with larger luxury homes costing more than $2 million. Buyers may also find vacant land and lots, ranging in price from $25,000 for half an acre to $350,000 for five acres.
Steamboat Lake Amenities
RCR 44 runs through the community, providing access to Hahn's Peak and other points of interest in Routt National Forest.
Vacant lots in Steamboat Lake are affordably priced and offer opportunities to build a custom home.
The Steamboat Lake reservoir is a popular spot for ice fishing, paddle boarding, water skiing, and more.
Hahn's Peak Cafe is a local favorite for breakfast, lunch, and dinner, with panoramic views of the Elkhead Mountains.
Storm Mountain Ranch
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<a href="https://stormmountainranch.com/" target="_blank">Storm Mountain Ranch</a> is a luxury gated subdivision about 10 minutes south of Steamboat Springs's downtown core. The community is situated on approximately 1,000 acres of ranchland, offering residents privacy, seclusion, and plenty of wide-open space. A homeowner's association maintains the grounds and common areas, which include access to a luxurious clubhouse lodge, equestrian facilities, miles of horse trails, and snow tubing hills in the winter.
<a href="https://www.steamboatsprings-realestate.com/storm-mountain-ranch/" title="Storm Mountain Ranch Homes For Sale">Homes in Storm Mountain Ranch</a> are considered "legacy ranches" for their size, amenities, and historical significance. The land was originally homesteaded in the late 1800s and is located at the base of Rabbit Ears Pass, a major thoroughfare in the Rocky Mountains. In recent years, the ranch has been developed into a world-class subdivision, with 14 parcels of land dedicated to conserving its natural beauty and ecosystems.
Due to its sprawling size and suite of amenities, property values are higher in Storm Mountain Ranch compared to other neighborhoods in Steamboat Springs. Individual parcels and homes often go for more than $10 million. Additional amenities within minutes of the subdivision include ski resorts, golf courses, hot springs, and lakes.
Storm Mountain Ranch Amenities
Storm Mountain Ranch is a gated community with 1,000 acres of stunning ranchland.
The subdivision is known for its legacy ranch homes, many of which offer over 10,000 square feet of living space.
Golf courses near Storm Mountain Ranch include Haymaker, Rollingstone, and Catamount golf clubs.
Homeowners have private access to the Hideout Cabin, June Falls, and other local attractions.
Wildhorse Meadows
The luxury community known as Wildhorse Meadows is a stone's throw away from the Steamboat Ski Resort. It's home to the <a href="https://liftblog.com/wildhorse-gondola-steamboat-co/" target="_blank">Wildhorse Gondola</a>, which provides direct access to the snow-covered slopes. In addition to being a prime location for avid skiers, the neighborhood is also adjacent to several hiking and biking trails, making it a great year-round location for outdoor enthusiasts.
Wildhorse Meadows is one of the newest communities on this list, with most of its development in the early 2000s. As a result, the homes are sleek and modern, with many featuring mountain views. Property values are often some of the highest in Steamboat Springs, with most <a href="https://www.steamboatsprings-realestate.com/wildhorse-meadows/">Wildhorse Meadows homes for sale</a> going for between $1 million and $5 million.
Many homes include all the bells and whistles, such as high-end finishes, multiple fireplaces, private hot tubs, saunas, and outdoor space. Residents may also access state-of-the-art facilities at the Trailhead Lodge, including a fitness center, an outdoor pool and hot tub, and a game room.
Wildhorse Meadows Amenities
Wildhorse Meadows is adjacent to RCR 40, connecting residents to downtown Steamboat Springs in 10 minutes.
The community is home to the Wildhorse Gondola, providing residents with direct access to the Steamboat Ski Resort.
The Brick, Three Peaks Grill, and other local restaurants are a short walk or drive from Wildhorse Meadows.
Steamboat Tennis and Pickleball Club is nearby and has both indoor and outdoor courts.
Barn Village
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The More Barn, locally known as the Steamboat Barn, is one of Steamboat Springs' most beloved historical landmarks. Completed in 1926, the structure is also one of the oldest remaining pioneer-era barns in the area known today as Barn Village. This quaint little neighborhood is situated just north of the Yampa Valley Medical Center and south of Fish Creek. Its namesake barn can be found near the community's entrance on Angels View Way.
Barn Village is a reasonably walkable community with various businesses and restaurants nearby. These include a Walmart, pet store, fitness center, and a selection of casual eateries. Residents also have quick access to a vast trail system that leads to Fish Creek Falls and other popular Steamboat Springs attractions.
<a href="https://www.steamboatsprings-realestate.com/barn-village/" title="Homes For Sale in Barn Village">Homes in Barn Village</a> generally range in price from $1 million to $5 million. Vacant lots may be available for custom builds, starting in the low $400,000s for approximately one-third of an acre. Homes that have already been built typically offer between 3,000 and 5,000 square feet of living space and feature modern Ranch, Craftsman, and Cabin architectural styles with industrial touches.
Barn Village Amenities
The Steamboat Barn, one of Steamboat Springs' most iconic landmarks, is located in Barn Village.
Residents can quickly access everyday needs, including a Safeway grocery store and Walgreens.
A swimming pool, hot tub, fitness center, and recreation area are among the facilities available in the neighborhood.
New custom homes are being built in Barn Village, with lots starting in the low $400,000s.
Downtown Steamboat Springs
<a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Homes For Sale in Downtown Steamboat Springs">Downtown Steamboat Springs</a> is the beating heart of this vibrant mountain town. The pedestrian-friendly area has Lincoln Avenue as its main thoroughfare and the Yampa River as its scenic backdrop.
Here, locals enjoy an eclectic mix of businesses, including art galleries, boutiques, restaurants, and cafes. It's not uncommon to see locals and visitors strolling down the street with a cup of coffee or shopping bag. The area is also home to many popular annual events, such as the Winter Carnival, Hot Air Balloon Rodeo, and Oktoberfest.
The housing market in Downtown Steamboat Springs consists primarily of single-family homes and townhomes, with more affordable condo options also available. A modern 1-bedroom condo measuring 500 square feet can be found starting in the low $300,000s. By contrast, larger single-family homes and townhomes typically range in price from $700,000 to $4 million.
Downtown Steamboat Springs Amenities
The Steamboat Farmers Market is held on Saturdays from June to October in Downtown Steamboat Springs.
The nearby <a href="https://oldtownhotsprings.org/" target="_blank">Old Town Hot Springs</a> has eight hot-fed spring pools, rock climbing, and fitness facilities.
The neighborhood is home to the Yampa River Core Trail, a popular spot for walking, running, and biking.
Downtown Steamboat Springs has two museums, several parks, and the best nightlife.
Your New Home Awaits In Steamboat's Best Neighborhoods
Ski culture is strong in Steamboat Springs, but there's so much more to this charming mountain town than just hitting the slopes. The <a href="https://www.steamboatsprings-realestate.com/communities/">neighborhoods in Steamboat Springs</a> offer something unique for everyone. And with easy access to amenities, <a href="https://www.steamboatsprings-realestate.com/blog/best-outdoor-activities-steamboat-springs/">outdoor activities</a>, and year-round events, it's no wonder this Rocky Mountain gem is a desirable place to call home.
2022-12-05T13:00:00-07:002023-03-28T06:08:42-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:19987Dog-Friendly Steamboat Springs: Best Parks, Activities & Places to Go With Dogs<img src="https://assets.site-static.com/userfiles/1597/image/steamboat-springs-dog-friendly.jpg" style="margin: 0 auto 20px auto; display: block;" alt="Things to Do With Dogs in Steamboat Springs, CO" />
Dogs are an essential part of the <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Homes For Sale in Steamboat Springs CO">Steamboat Springs community</a>. In fact, some people even refer to the city as Dog Town USA!
This picturesque Colorado mountain town has many dog parks and trails where dogs can run and play off-leash. There are also plenty of restaurants and other businesses in Steamboat Springs that welcome dogs inside. It's not uncommon to see bowls of water set outside storefronts for pooches.
Steamboat is a natural paradise for anyone who enjoys the mountains, and dogs make great companions for many for the fun <a href="https://www.steamboatsprings-realestate.com/blog/best-outdoor-activities-steamboat-springs/" title="Best Outdoor Activities in Steamboat Springs">things to do outdoors</a>. That's why Steamboat Springs dog parks are an excellent way for dogs and their owners to get some fresh air and social time. The city's dog parks provide a safe space for dogs to run around and play, plus they offer an excellent opportunity for pet owners to meet and interact with other members of the community.
Sit, stay, and keep reading to learn about all of the dog-friendly activities in Steamboat Springs.
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Best Dog Parks in Steamboat Springs
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When looking for a place to let your dog roam freely, look no further than one of the many community dog parks in Steamboat Springs.
Keep in mind that some dog parks may have age restrictions for both people and pets. Some parks advise against bringing young children into the fenced areas of dog parks, while others have areas explicitly designated for puppies and "senior" dogs. Be mindful of any posted signs.
Rita Valentine
Named for the woman pivotal to its creation, 40-acre Rita Valentine Park is one of the <a href="https://www.steamboatsprings-realestate.com/blog/best-parks-steamboat-springs/">best parks in Steamboat Springs</a>. The expansive unfenced dog park has a few sections, making it suitable for dogs of different sizes and ages. Rita Valentine offers gorgeous views and plenty of space for dogs to run around on an off-leash adventure, plus the occasional deer sighting. Its open green space, nestled in a few residential neighborhoods, makes Rita Valentine a magnificent walking park for those who live in the area, whether in townhomes, condos, or single-family homes.
Rita Valentine Additional Information
Location: Rita Valentine Park, 1010 Anglers Drive, Steamboat Springs, CO 80487
Hours: Daily, dawn to dusk
Cost of admission: Free and open to the public
Parking: Free
Amenities and nearby human activities: Picnic tables and hiking trails
Spring Creek Dog Park at the Lower Pond
Also known locally as Sailors Way Trail, this fenced dog park is one of the most beautiful in Steamboat Springs. It's a bit more hidden than Rita Valentine, as it's on Spring Creek Road just before it dead ends. Spring Creek at Lower Pond Park is a smaller dog park but still has plenty of space for dogs and their owners to run around and play fetch.
Spring Creek at Lower Pond Park is a great place to take dogs when looking for a quiet, secluded park. It's close enough to homes in the area to make it easy to visit regularly and far enough away that there's a slight sense of "getting away from it all."
Spring Creek Dog Park Additional Information
Location: Spring Creek Dog Park at the Lower Pond Park, Spring Creek Road, Steamboat Springs, CO 80487
Hours: Open 1 hour after sunrise and closes 1 hour before sunset
Cost of admission: Free and open to the public
Parking: Free parking is available at Lower Pond Park (about ½-mile away)
Amenities and nearby human activities: Water fountains, benches, fishing, and picnicking
Butcherknife Trail
Butcherknife Trail is a great place to spend time in nature with furry friends. This dog park has two distinct areas, one explicitly designated for off-leash dogs and one for leashed dogs.
The trail and dog play area are on a <a href="https://steamboatbiketown.com/saferoutes/" target="_blank">Steamboat Springs Safe Route to School</a>, so there are some time restrictions regarding off-leash dogs. To ensure both humans and dogs are kept safe, clear signs indicate exactly where and when dogs can be off-leash.
Butcherknife Trail is about 0.6 miles from the closest bus stop, and there is street parking at the park/trailhead itself. This is a great place to come with pups to get some exercise and fresh mountain air away from the hustle and bustle of downtown Steamboat. The trail is well-maintained, and there are plenty of trees and open spaces for everyone to explore.
Butcherknife Trail Additional Information
Location: Butcherknife Trail, 550 North Park Road, Steamboat Springs, CO 80487
Hours: Daily, dawn to dusk
Cost of admission: Free
Parking: Free parking available at Stehley Park
Amenities and nearby human activities: Soccer fields at Strawberry Park Middle School, hiking, camping, climbing, boating, fishing, and biking
Whistler Park
Steamboat Springs' Whistler Park offers plenty of activities for residents and their dogs. There's a natural creek for splashing and an expansive open green space to run and chase. There are also BBQ areas, picnic tables, and a children's playground.
There are two off-leash parks at Whistler Park, though the more extensive off-leash section is open only seasonally between May 1 - and Oct 31st each year. There is also a smaller off-leash park that's open all year and an "on-leash" dog park open from May 1 - Oct. 31st.
Whistler Park Additional Information
Location: Whistler Park, 3860 Whistler Road, Steamboat Springs, CO 80487
Hours: Varies by season; generally open daily from dawn to dusk
Cost of admission: Free and open to the public. Fees are required for soccer field rentals.
Parking: Free parking is available in the lot next to the park.
Amenities and nearby human activities: Playground, restrooms, BBQ, drinking fountains, playground, pet waste stations, picnic tables, and soccer fields available for rent
Dog-Friendly Activities in Steamboat Springs
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Even outside its several dog parks and dog-friendly nature trails, Steamboat Springs is a haven for outdoor lovers and their dogs. In Steamboat, there's no shortage of things owners can see and do with their dogs alongside them.
All must be on a leash within city limits, and leash laws are strictly enforced. The exceptions, of course, are Steamboat's designated parks and other dog-friendly areas intended explicitly for off-leash adventures. Keep in mind that there are plenty of parks to visit, but not all have dog parks.
For something more tranquil and private, head to Steamboat's many trails, each one with its distinct challenge level, plus unique wildlife and scenery
There are many events in Steamboat Springs throughout the year, and some are even pet-friendly. From art festivals to live music performances, something is happening nearly every week throughout much of the year. Always check with event coordinators specifically about whether dogs are allowed before attending.
<a href="https://crookedkey.com/" target="_blank">Crooked Key Escape Rooms</a> offer a unique dog-friendly experience, where humans try to "escape" from a self-guided outdoor challenge in <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Homes For Sale in Downtown Steamboat Springs">Downtown Steamboat Springs</a>. Please note that non-service dogs are not permitted in any of their other escape attractions.
While Crooked Key Escape Rooms is excellent for dog-friendly outdoor adventures, there are plenty of other ways to enjoy the area with a pup in tow, especially outdoors. Some other options include the nearby lakes: Pearl Lake, Fish Creek Reservoir, Jonah Lake, Steamboat Lake, Lake Elmo, and Dumont Lake. The water is nice and calm at Pearl Lake specifically, and Steamboat Mountain Sports Kayak School and Paddleboard Adventure Company both offer kayak and stand-up paddleboard rentals. Right in town, dogs are also welcome at Burgess Creek Beach.
If you want to spend time outdoors but want something with more of a physical challenge than Steamboat's dog parks, check out some of the area's trails. The 7-mile Yampa River Core Trail is paved and traverses right through town, with several spots to jump into the river and cool off.
Dog-Friendly Restaurants in Steamboat Springs
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Several Steamboat Springs restaurants, many of them close to surrounding residential neighborhoods, welcome leashed pups. One notable place is Slopeside Grill, a ski-in restaurant at the base of Mt. Werner, where dogs are always playing outside.
Some other <a href="https://www.bringfido.com/restaurant/city/steamboat_springs_co_us/" target="_blank">dog-friendly restaurants in Steamboat</a> include:
Cugino's Pizzeria & Italian Restaurant
Lil House Country Biscuits and Coffee
Moe's Original BBQ
O'Neils Tavern & Grill
The Salt and Lime Burrito
There are also a few dog-friendly breweries around town: Storm Peak Brewery, Butcherknife Brewery (try the Sunshine Express beer, a Great American Beer Festival® gold medal winner), and Mountain Tap Brewery.
While going out to eat with your dog in Steamboat can be fun, knowing each establishment's pet policy is essential. For example, you'll find that dogs are allowed outside but not indoors in most restaurants.
Dog-Friendly Shopping in Steamboat Springs
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When it comes to pet-friendly shopping options, Steamboat Springs doesn't disappoint. Whether you're looking for a new winter coat or some pet supplies for Fido, these shops offer a wide variety of both practical and novelty pet items for purchase.
There are also a few pet stores around Steamboat Springs that allow dogs inside their place of business. Unlike restaurants with precise rules regarding dogs being allowed inside, it's up to the shop owners when it comes to retail stores. To be safe, check with individual shops before bringing your dog inside.
A few favorite community pet shops in Steamboat Springs include <a href="https://www.frommfamily.com/r/4903" target="_blank">Outdoor K9</a>, "Colorado's adventure dog outfitters," with everything from pet food to gear, Elk River Pet & Ranch, and Paws 'n Claws - All Things Pet.
Aside from actual pet stores, Steamboat Springs has plenty of general and specialty shops, from clothing boutiques bike shops, art galleries, and gift shops. There's bound to be something interesting that catches your eye, no matter what you may be looking for. While Steamboat is an exceptionally pet-friendly community, not all stores welcome dogs inside. Always make sure to call ahead if you're planning to shop with your pup.
Pet-Friendly Lodging in Steamboat Springs
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Finding pet-friendly lodging can sometimes be challenging in any city. Fortunately, Steamboat Springs has several town accommodation options that welcome pets alongside their humans.
Before bringing your pet on vacation, check with the hotel specifically to ask about their pet policy and any other relevant rules you may need to be aware of. For example, some hotels have policies stating that your dog cannot be left alone in your room, while others may allow your pup to be left in a crate while you're away.
From motels to traditional hotels and even mountainside resorts, there are several dog-friendly places in Steamboat for your next staycation or vacation. Nordic Lodge is conveniently located downtown and within easy walking distance of many dog-friendly restaurants and shops. Similarly, <a href="https://rabbitearsmotel.com/" target="_blank">Rabbit Ears Motel</a> is a historic property located in the heart of downtown Steamboat. The Holiday Inn Steamboat Springs also has Rex's American Bar & Grill onsite, another dog-friendly dining option.
If you prefer more space or more traditional "home-style" amenities like a full kitchen, there are also several dog-friendly vacation and condo rentals throughout Steamboat Springs.
When staying in pet-friendly accommodations in Steamboat Springs, always be respectful of the property and neighborhoods by following city and state laws regarding waste clean-up, leashing, and noise ordinances.
Explore Steamboat Springs With Your Dog
Whether you're already a Steamboat Springs resident or just visiting the area, taking your dog along as you explore, dine, and shop around town makes the experience so much more enjoyable. And with some many fun <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-things-to-do/">things to do in Steamboat Springs</a>, dog owners are sure to always find new adventures. With advanced research and planning, you'll find something fun to keep you both entertained.
2022-12-02T12:50:00-07:002023-03-28T06:05:40-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:178717 Ski Condo Decorating Ideas: Ski Chalet Decor For Luxury Condos<img src="/userFiles/1597/image/luxury-condo-design.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Design Tips for Luxury Ski Condos" />
The best <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-luxury-ski-in-ski-out-condos/" title="Luxury Ski-in Ski-Out Condos For Sale in Steamboat Springs CO">luxury ski-in, ski-out condos</a> beg for something special when it comes to interior design. <a href="https://www.steamboatsprings-realestate.com/blog/are-luxury-condos-a-good-investment/">Investing in luxury condos</a> can pay off, especially when you take the time to elevate your interior decor. Functional pieces for equipment and gear are a must, but there are many ways to combine the form and function of a comfy lodge with the flair and opulence of a ski chalet. If you want to get the most out of your winter getaway, consider these interior design ideas for condos by the slopes.
Find Ski Decor From Local Artisans
Art can transform any and all <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-luxury-condos/" title="Steamboat Springs Luxury Condos For Sale">luxury condos</a>. When considering design ideas for a ski chalet condo, look to local artisans to find the perfect pieces to incorporate into each room. While prints and paintings are classic elements, art in all forms can add that special spark to any room, especially when local surroundings inspire it.
A local art gallery can be an excellent place to begin. Gallery owners may arrange a meeting with an artist for a commissioned piece. Adding a custom piece of art to the home can create a wow factor. Check out local shops, art on display in various businesses, and browse through community events like an Art Walk or Festival.
Incorporate ski decor by local artisans into the home naturally, maintaining the overall theme of each room's design. A few ideas include:
Framed photo collage in the entrance area featuring local ski sites
Sculpture for the fireplace mantel
Textiles like handwoven rugs and blankets for bedrooms
Stained glass, framed or hung
Glassware that can be displayed and used
Ceramics, including place settings to use daily or for special occasions
Work by local artisans is also a great way to support the community.
Install a Fireplace
An après-ski fireplace is a must-have in any ski condo. It not only looks cozy and inviting, but it also provides much-needed warmth on those cold winter nights. If you don't already have a fireplace in your condo, consider installing one. You can choose from various styles and materials to find the perfect fit for your space.
A stone fireplace is a popular choice for ski condos. It has a rustic look that fits well with the mountain setting. If you're working with modern chalet decor, try a fireplace made from glass or steel. For a more traditional look, consider a brick fireplace.
If you're short on space, consider an electric fireplace. They come in various styles and can be easily installed in any room.
Find the Right Storage Solutions
Skiing gear can take up a lot of space, so it's crucial to research the best <a href="https://www.steamboatsprings-realestate.com/blog/condo-design-ideas-to-maximize-space/">storage ideas for condos</a>. A well-designed mud room provides a lot of convenience after a day on the slopes. If you don't have a lot of extra space, consider investing in some wall-mounted storage racks. These are perfect for storing skis, snowboards, and other equipment.
Ski storage can be stylish, too! You don't have to compromise your modern ski lodge decor with boots and coats strewn all over the place. There are plenty of ski storage solutions that are both functional and stylish. Look for freestanding storage containers built from local elements.
Make Things Plush & Cozy
Outdoor activities are usually the draw for ski communities, but it's time to enjoy the <a href="https://longdistancemovers.com/how-to-make-an-apartment-feel-like-a-home/" target="_blank">welcoming warmth of home</a> at the end of the day. Cozy textures and furnishings can make any condo feel like a welcoming log cabin.
Sink those toes into a fluffy area rug when the ski boots are off. A super-soft rug sets the stage for a cozy vibe, from <a href="https://www.elledecor.com/design-decorate/interior-designers/a9040/faux-fur/" target="_blank">decorating with faux fur</a> to lush shag and handwoven wool. Opt for soft couches that are perfect for sinking into while wrapped cozily in a chenille throw blanket and sipping a mug of decadent hot cocoa.
Keep the wood stacked and ready for the fireplace, but add candles to the design aesthetic if the condo doesn't have one. Mix and match sizes and shapes while displaying the candles on a floating shelf, coffee table, or dining table. Lightly scented with the aroma of vanilla, clove, almond, or spicy bourbon, a candle tableau also adds to the cozy vibe in the bedrooms.
Don't forget to set the mood in the bathrooms too. Thick fluffy towels, plush throw rugs, candles, and a soft, warm robe to slip into are easy yet effective ways to enhance the cozy feel.
Focus on High-End Finishes
<img src="https://assets.site-static.com/userfiles/1597/image/luxury-bathroom.jpg" alt="Bathroom in Luxury Condo" style="float: right; max-width: 400px; padding: 0 0 10px 10px; background-color: #fff;" />High-end finishes take the interior design of a luxury ski condo to the next level. The finishes can be the deciding factor between a fine living space and a fabulous, luxurious one. Begin with quality materials for furniture, which often combine beauty with durability. Consider beautiful chocolate-brown walnut for tables, mantels, and headboards when choosing woods.
The condo's kitchen, often the hub of the home, is the ideal space to add high-end finishes. From Carrara Italian marble to linear lighting over a kitchen island, European-style boutique appliances, and hardware-free cabinet fronts, the list of opportunities is almost limitless. Top choices may be a warming drawer, a second oven, and built-in wine refrigeration. Sophisticated black accents in the kitchen and flooring with inlaid patterns are two more classic "trends" that up the wow factor.
Spa-like features in the bathroom are just what's needed after a day out hiking or on the slopes. Towel warmers, heated <a href="https://www.tileclub.com/collections/floor-tile" target="_blank">floor tiles</a>, and head-to-toe shower jets are must-have finishes. In the bedroom, it's all about automation. Everything should be easily controlled from the comfy king-sized bed: lighting, sound, electronics, climate control, and window shades.
Blend the Indoors With the Outdoors
A home in a ski community typically means many hours spent enjoying <a href="https://www.steamboatsprings-realestate.com/blog/best-outdoor-activities-steamboat-springs/" title="Outdoor Activities in Steamboat Springs">outdoor activities</a>. Embrace the outdoor lifestyle by bringing it into the condo's luxury decor. Blend a little of the outdoors into each room for a cohesive ski decor theme. Elements like reclaimed wood, ideal for frames and furniture, and live-edge pieces quickly bring the outdoors inside. Highly polished live-edge mantels, floating shelves, and tables work well as focal or accent pieces.
<a href="http://blog.eldoradostone.com/how-stone-can-add-a-touch-of-modern-style-to-any-room-of-your-home" target="_blank">Stone is a way to incorporate modern style into a home</a>. Flagstone or slate in a ski condo entrance not only looks fantastic, but it's durable for high-traffic use. A stacked stone or statement wall in the living room is another option, while a guest bathroom with a stone pedestal sink blends contemporary design with natural elements.
Hand-crafted pottery in organic shapes and rustic pine trees, both table-top-sized and taller versions that fill out a corner, can add warmth to the space. Antique or vintage snow equipment like ice skates, snowshoes, or even skis makes unique additions as decor.
Most importantly, don't cover the view with heavy draperies and window treatments. Let the natural light in and enjoy the picturesque landscape.
Get the Most of Your Mountain View
Enjoying the stunning mountain views is one of the best things about having a ski condo. Make the most of your view by choosing the best ways to showcase it.
A wall of windows is always nice, but smaller solutions can go a long way. For example, opt for large windows and sliding glass doors. These will let in plenty of natural light and open the space. Similarly, ski windows and skylights draw the eye upwards.
If you have a balcony, make sure it's well-decorated and inviting. Add some cozy outdoor furniture, a fire pit, or a hot tub so you can enjoy the fresh alpine air in any season.
Luxury Is in the Details
At the end of the day, the ski condo needs to be a haven—a retreat that provides comfort and an oasis from the hectic world. The right interior design choices are the perfect addition to your <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-luxury-condos-with-excellent-amenities/" title="Steamboat Springs Luxury Condos With Amazing Amenities">luxury condo amenities</a>. It's about exciting the senses, finding the perfect pieces, and creating an environment where the small details make a difference. Consider the condo interior design tips to get the most out of your <a href="https://www.steamboatsprings-realestate.com/blog/is-a-ski-condo-a-good-investment/">ski town investment</a>.
2022-10-12T06:05:00-07:002022-10-12T12:56:55-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:4753Best Halloween Events in Steamboat Springs: The Annual Halloween Stroll Returns [2022] <img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1597/image/steamboat-springs-halloween.jpg" alt="Best Steamboat Springs Halloween Events [2022]" width="475" />Ghoulish greetings from Jon Wade and The Steamboat Group for this year's Halloween season!
Looking for spooky fun events for Halloween? Make sure to come out for the annual Steamboat Springs Downtown Halloween Stroll, which takes place on the 31st from 5-7:30 p.m. Learn all about one of the biggest Halloween events in the area and more that may be taking place this year below!
Steamboat Springs Downtown Halloween Stroll
Steamboat's main Halloween event—the Halloween Stroll—is a Steamboat tradition that dates back to 1991 and has been taking place in downtown Steamboat for more than 30 years. Downtown Steamboat closes the streets so locals can celebrate Halloween by trick-or-treating to different businesses around town.
<img src="/userFiles/1597/image/halloween-festival-in-steamboat-springs.jpg" style="float: left; padding: 10px 10px 10px 0; width: 350px;" alt="Main Street Halloween Stroll in Downtown Steamboat Springs Colorado" />
On October 31, the entire community comes out in droves, dressed in costumes, and ghosts and goblins take over Main Street. There is a kid's Halloween costume contest, fire dancers, drum circles, and so much more during this exciting event.
Cars are redirected off the main drag, and trick-or-treating pedestrians get full priority. Shopkeepers, restaurant owners, bankers, and the Steamboat Group offer cauldrons full of candy, haunted houses, and even occasionally free French fries!
There are live music performances, and past Halloweens have seen a fire-breathing dragon take center stage. It is incredibly cool to walk down Lincoln Avenue (they close US Highway 40 all through downtown starting as early as 4:45 p.m. and reopen as soon as safely possible), let the kids trick or treat and see all of your friends in one place. The kids trick or treat at the downtown businesses, but all segments of the community show up plus fire trucks with their ladders up for kids to see.
<img src="/userFiles/1597/image/halloween-steamboat-springs.jpg" style="width: 350px; float: right; padding: 10px 0 10px 10px;" alt="Halloween Events in Steamboat Springs Colorado" />
It's a priceless small-town Steamboat tradition. We typically get down there early, see everyone on the street, then meet friends for dinner at the Ice House. We think this is one of the highlights of living in Steamboat Springs!
Side street parking is available, and it's advised to bring a flashlight and use caution at all times. Please keep your pets at home.
We can say that it's all treats, no tricks, and it's these types of <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-things-to-do/" title="Things to Do in Steamboat Springs Colorado">exciting things to do in Steamboat Springs</a> that make us incredibly lucky to call this city our home.
Pre-Halloween Steamboat Events
Here's a list of additional <a href="https://www.steamboatsprings-realestate.com/blog/october-events-in-steamboat-springs/">October events in Steamboat Springs</a> taking place around Steamboat for Halloween this year.
<a href="https://www.steamboatbooks.com/event/halloween-costume-party" target="_blank">Halloween Costume Party</a>: Dress up and visit Off the Beaten Path bookstore for drinks, tarot readings, and more! This free event is on October 28 from 7-9 p.m.
<a href="https://www.steamboatchamber.com/event/foundry-halloween-5k/6261/" target="_blank">Foundry Halloween 5K</a>: The Foundry presents a Halloween run at Soda Creek Elementary School. Meet at 8:30 a.m. on October 29 to run with other participants from 9 a.m. until noon. Registration is $25.
<a href="https://www.steamboatchamber.com/event/monster-mash/6252/" target="_blank">Monster Mash</a>: This "FUNdraiser" hosted by Routt County United Way will go directly toward helping those in need in the community. Get ready for a costume contest, trick or treating, prizes, a raffle, and so much more on October 29 from 6 to 10 p.m. at the Steamboat Grand. Tickets are $100 per person.
<img src="/userFiles/1597/image/steamboat-springs-downtown-halloween-stroll.jpg" style="float: left; padding: 10px 10px 10px 0; width: 250px;" alt="Main Street Halloween Stroll Steamboat Springs Colorado" />
Have a Happy Halloween in Steamboat Springs!
We hope you have a Happy Halloween and can attend these events in Steamboat! Be sure to check your local calendars, websites, and Facebook groups for any updates for this year!2022-10-04T09:30:00-07:002023-02-22T11:06:13-07:00Erik Ramstadtag:steamboatsprings-realestate.com,2012-09-20:16955Condo Furniture, Storage & Design Ideas That Increase Your Living Space<img src="/userFiles/1597/image/tips-maximizing-space-condo.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Design Ideas to Maximize Condo Space" />
Coming home to a well-designed <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-condos/" title="Condos For Sale In Steamboat Springs">condo</a> makes it easier to unwind and relax. Whether you're living in a sprawling penthouse or you're working with limited space, it's important to find condo design ideas that make the most of your space. Maximizing natural light, revealing hidden storage, and finding the right furniture for condos will make your unit feel like the biggest in the building.
Multi-Function Furniture Is the Name of the Game
To maximize condo space, begin by looking for high-quality furniture and accessories that are versatile and offer multiple functions. Any time a room has limited square footage, it's essential to entwine function with style. It's possible to find cleverly crafted pieces to serve more than one purpose.
The most common multi-purpose furniture for <a href="https://www.redfin.com/blog/living-room-organization-ideas/" target="_blank">living room organization</a> and design is the sleeper sofa. This dual-purpose item has been around for decades, but today's models are sleeker, more sophisticated, and stylish additions to living spaces. A traditional sleeper sofa typically has a pull-out bed with a full- or queen-size mattress. However, it's possible to find king-size or single sleepers as well. Modern sleeper sofas are available in a range of styles, bed sizes, and price points. Regardless of whether you're <a href="https://www.steamboatsprings-realestate.com/blog/buying-vs-renting-a-condo/">buying or renting a condo</a>, multi-function furniture are some of the most practical storage solutions.
Other <a href="https://vurni.com/multifunctional-furniture-ideas/">multi-function pieces of furniture</a> include:
Sleeper chairs: an ideal way to add a single bed to any room
Drop-leaf console tables: with the sides lifted, it's a dining table
Storage stools/ottomans: doubles as storage for blankets, toys, gaming system accessories, and more
Coffee tables with drawers, shelves, or interior storage
Nightstands that also function as mini-bookcases
Take Advantage of Vertical Space
<img src="https://assets.site-static.com/userfiles/1597/image/floating-shelves.jpg" alt="Use the Vertical Space" style="float: right; max-width: 400px; padding: 0 0 10px 10px background-color:#fff;" />Vertical elements can help make a space look and feel more open. Instead of choosing a low-rise, horizontal bookcase, for example, opt for a narrower, vertical unit that stretches from floor to (nearly) ceiling height. A tall, narrow piece of furniture takes up less floor space and can make the room feel more open while providing extra storage.
When possible, built-ins, custom cabinetry, and floor-to-ceiling shelving are vertical options that help create storage and display space without adding bulk to the room. Floating shelves are another great way to work in vertical space as well. Consider using them in the main living area, especially on the wall above the sofa.
Utilizing vertical space isn't only about designing "up" on walls. The inside of a cabinet door also may hold a cutting board rack. The back of a bedroom door or the wall space behind the closed door can be used for hanging hats, scarves, and other accessories when the hooks are added.
Design Ideas to Make Condos Feel Larger
Sometimes a little trick of the eye is what's needed to make a space appear larger than its actual footprint. Two of the most common techniques are using a lighter color palette and incorporating mirrors, glass, or reflective surfaces. Mirrors, in particular, can be an easy solution to creating what appears to be a more open space.
Add a floor-to-ceiling mirror with an elegant frame to a narrow or smaller entrance. Depending on the condo's overall design theme, consider mirrored or high-gloss panels for a smaller kitchen. Definitely add a full-length mirror to a bedroom closet door to spread natural light throughout the condo.
Minimizing clutter is another easy way to open up a space, plus it makes it easier to clean. Consider monochromatic furniture with slim lines instead of overstuffed pieces, adding throw pillows for texture and pops of color. In smaller bedrooms, loft beds not only create the illusion of more space, but by taking advantage of the vertical, there is room for a desk, dresser, or chair under the bed.
Choose window coverings wisely. Heavy curtains or dark-colored blinds may make a room feel smaller. If possible, look at lighter colors and fabrics that feel airy. If darker drapes fit the design theme better, go for it. But when possible, open those drapes up and allow the natural sunlight to stream in as that helps make the space look and feel larger.
Furnishing a Vacation Rental Condo
Are you purchasing a condo in a vacation destination? If you're planning on renting it out as a short-term property, then there are a few additional considerations you'll need to make about furnishing your vacation rental to take advantage of the space you have.
The first step is to understand what guests in your market want. Do your research and find out what type of furniture and amenities are most popular with travelers. Even better, talk to frequent guests or other vacation rental owners in your area.
Once you have a good understanding of what guests are looking for, you can start shopping for furniture and decor that meets their needs. <a href="https://www.steamboatsprings-realestate.com/blog/condo-owner-maintenance-responsibilities/">Condo maintenance responsibilities for owners</a> include everything within your four walls, so ease of care and maintenance is another important consideration. Vacation rental properties see a lot of wear and tear, so it's important to choose furniture and fabrics that can withstand heavy use.
Finally, don't forget about outdoor spaces. Many vacationers enjoy spending time outdoors, so make sure to create inviting and comfortable outdoor living areas. By following these tips, you can furnish your vacation rental property in a way that will please even the most discerning guest.
Storing Skis & Sports Gear in a Condo
Vacation rental condos often have additional storage requirements than a primary residence. For example, your condo might not have an expansive entrance or mudroom, which can make it hard for guests to accommodate skis, beach gear, or other sports equipment. However, there are some easy tricks and tips for maximizing the space for sports gear storage.
Designate and design a closet for sports equipment only, adding hooks, shelves, and storage cubes to keep items organized.
Take advantage of vertical space with an old-school locker or mesh rack with shelves and hooks.
A bench with interior storage space may work well in an entrance. It provides not only a space to sit and get on shoes/boots but can also store items like hats, gloves, and scarves.
For condos in ski communities, it's recommended that <a href="http://www.rei.com/blog/snowsports/how-to-store-winter-gear-for-the-season" target="_blank">ski boots be stored at room temperature</a>, so it's better to avoid storage areas that can have fluctuating and extreme hot/cold temperatures. Skis usually need to be stored standing up or on their sides. When storing ski boots for the off-season, place the boots in a bag and keep them in a closet or space with moderate temperatures.
Some condo communities will have on-site ski storage, but you can also redesign one of your closets to be the perfect ski storage space.
Maximizing Space in a Steamboat Springs Condo Merges Style & Function
There are several ways to maximize the existing space in a condo so the home has style, form, and function. Whether living in a condo year-round or seasonally, it's essential to have a home that fits its owner's lifestyle and needs. Creating illusions of more space and adding design elements, plus multi-function furniture and accessories, can help make this a reality.
2022-10-03T11:09:00-07:002023-02-13T07:41:39-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:4638Fall Colors in Steamboat Springs<img src="/userFiles/1597/image/mountain-fall-trees-steamboat-springs.jpg" style="display: block; margin: 20px auto; width: 750px;" alt="Fall colors in Steamboat Springs CO" />
Fall in Steamboat: A Local's Paradise
Fall is unforgettable in Steamboat Springs. As the sun starts to set a little earlier over the <a href="https://www.steamboatsprings-realestate.com/yampa/" title="Homes for Sale in Yampa Valley">Yampa Valley</a> and the crisp morning air breaks to beautiful afternoons, the peaks and valleys surrounding <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Homes for Sale in Steamboat Springs">Steamboat Springs</a> transform into one of the most beautiful spots in the state.
Parents love it because school starts again, and kids love it because it means ski season will start soon. Locals love it because the trees and landscape shift into beautiful shades of yellow, orange, and green, and businesses love it because <a href="https://www.steamboatsprings-realestate.com/blog/september-events-in-steamboat/" title="Fall Happy Hours & Events in Steamboat Springs Colorado">local fall happy hours</a> can begin!
Scenic Autumn Drives With Spectacular Fall Colors
From mid-September through mid-October, the mountains and valleys surrounding Routt county start their amazing transformation. It begins in the highs peaks, then quickly makes its way to the river bottoms.
<img src="/userFiles/1597/image/colorful-autumn-trees-in-steamboat-springs.jpg" style="float: left; padding: 10px 10px 10px 0; width: 350px;" alt="Colorful fall foliage in Steamboat Springs" />
If you are looking for a quick weekend getaway or an afternoon drive, here are a few scenic drives to make color hunting more enjoyable and leave you breathless:
North Routt
Leaving the town of Steamboat Springs, heading North on County Road 129, brings you to the sleepy mining town of <a href="https://www.steamboatsprings-realestate.com/hahns-peak/" title="Hahn's Creek Village Homes for Sale">Hanh's Peak village</a>. Enjoy stunning views from the top of Hanh's Peak or enjoy an afternoon of fly fishing in one of several lakes surrounding the area.
Alternative Route near North Routt
One of our more popular drives in the <a href="https://www.steamboatsprings-realestate.com/north-routt/" title="Homes for Sale in North Routt">North Routt</a> area, <a href="https://www.steamboatsprings-realestate.com/elk-river/" title="Elk River Homes for Sale">Elk River Valley</a> is one of the prettiest spots in the state. This area has a unique blend of agriculture, river bottoms, and high peaks, with colors as diverse as the landscape.
<img src="/userFiles/1597/image/fall-in-steamboat-springs.jpg" style="width: 425px; float: right; padding: 10px 0 10px 10px;" alt="Fall in Steamboat" />
Drive north on County Road 129, making sure to stops at <a href="https://www.clarkstore.com/" target="_blank">the Clark Store</a> for coffee and a snack. This charming spot is the gateway to the <a href="https://wilderness.net/visit-wilderness/?ID=391" target="_blank">Mount Zirkel Wilderness.</a>
Taking a left at the Clark Store will bring you to County Road 62. Traveled by few but loved by many, this drive will not only leave you breathless, but you may quickly run out of room on your camera with the number of pictures you'll want to take.
The roads bring you around the south side of Steamboat Lake, opening up amazing views of the Zirkel Wilderness area, Sand Mountain and Hahns Peak. There are several side trips you can take once you are back on County Rd 129. Adventures can continue north to Wyoming, through Big Red Park, or drive to the end of Seedhouse Road and take a hike in the Zirkel.
Buffalo Pass Road
Located a stone's throw from <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Homes for Sale in Downtown Steamboat Springs CO">downtown Steamboat Springs</a>, Buffalo Pass Road is a local favorite and one of the easiest places to find spectacular fall colors. Early morning risers have a great chance of seeing elk and moose roaming the open parks between the grandstands of pines and aspen. Ridges and valleys dominate the skyline, with photo ops around every corner.
Spring Creek trail is located off this road, so riders and hikers can enjoy the scenery as well. Don't miss an area know as "Rainbow Ridge." Just five miles up from the base of the pass, viewers will get wonderful views of Rocky Peak and Crystal Peak. Topping out at 11,000 feet, this is usually the first place in the area where leaves start changing. Take County Road 36 towards the <a href="https://www.steamboatsprings-realestate.com/strawberry-park/" title="Homes for Sale in Strawberry Park CO">Strawberry Park</a> Hot Springs and, one mile out, then make a right onto Buffalo Pass Road.
<img src="/userFiles/1597/image/sunlight-through-trees-steamboat-springs.jpg" style="display: block; margin: 20px auto; width: 750px;" alt="Sunlight through fall trees Steamboat Springs" />
Flattops Scenic Byway
Located just outside the sleepy <a href="https://www.steamboatsprings-realestate.com/yampa/" title="Homes for Sale in Yampa CO">town of Yampa</a>, the Flattops area is one of our nation's largest wilderness areas. Known for the state's largest herd of elk, grand aspen stands, and broad alpine vistas, this area is truly one of our Nation's treasures. Driving out early increases your chances of seeing elk, deer, moose, and other <a href="https://www.steamboatsprings-realestate.com/blog/what-animals-can-you-see-in-steamboat-springs/">animals that live in Steamboat Springs</a>.
There are many places to stop and stretch your legs, and if you love fishing, you had better not forget to bring your fly rod! <a href="https://www.steamboatsprings-realestate.com/blog/fly-fishing-in-steamboat-springs/">Steamboat Springs fly fishing</a> is legendary, and Yamcola, Upper Stillwater, and Stillwater all have populations of Rainbow and Cutthroat Trout. Take Highway 131, located just south of Steamboat Springs, all the way to the town of Yampa. Head down the main street and follow the signs. Don't forget to stop at the famous <a href="https://www.antlerscafeandbar.com/" target="_blank">Antlers Bar and Grill</a> for a cold one.
Where to Look at Fall Colors Here in Town
Steamboat Springs is generally one of the first spots in the state to change colors. If you don't like driving, there are many good spots right in town to enjoy Steamboat Springs in the fall.
<img src="/userFiles/1597/image/autumn-trees-on-mountain-steamboat-springs.jpg" style="display: block; margin: 20px auto; width: 750px;" alt="Fall foliage on mountain tops in Steamboat Springs CO" />
Restaurant Week
<a target="_blank" href="https://www.mainstreetsteamboat.com/restaurant-week/">Steamboat Restaurant Week</a> begins October 7 and runs through October 15. This event features local restaurants that serve specials to foodies and casual eaters alike. With this opportunity, you'll be able to explore local restaurants and their favorite meals!
Fall Hiking
When else can you enjoy all of Steamboat's colors? My favorite hikes in the fall are Spring Creek Trail (a classic, and a trail that I hike every week with my family) and Mad Creek Trail. Of course, though, any hike is a good hike in the fall or anytime in Steamboat.
Simply renting a bike and exploring the <a href="https://www.steamboatsprings-realestate.com/blog/biking-events-in-steamboat-springs/">best biking trails in Steamboat Springs</a> will open your world up to a host of dazzling Autumn colors. Alternatively, you could take a leisure stroll down the Yampa Core trail or other <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-summer-hikes/">Steamboat Springs hiking trails</a>, which will lead you to wonderful photo opportunities. Spring Creek Trail, one of our most popular local trails, is located within the city limits and can be accessed a short distance from Downtown.
Warm Brew Season
Trying all the different fall coffees and teas is always a good time, especially a good pumpkin spice latte. Routt County hosts a variety of amazing local <a target="_blank" href="https://www.steamboatsprings-realestate.com/blog/best-coffee-shops-steamboat-springs/">Steamboat coffee shops</a> that you can try out. Each of them is also a good place to sit and get some work done or talk to friends!
Fishing
You can fish before it gets too cold, allowing you the chance to catch a trout while also not freezing your waders off. A peaceful morning out on the water surrounded by fiery orange and yellow trees is the perfect way to soak up the season.
Shopping
Every summer item is on clearance! Go rummaging and shop 'til you drop! And while you're out traveling between stores, you can take some time to admire the beautiful colors of Steamboat Spring.
Fall in Love with Fall in Steamboat
<img src="/userFiles/1597/image/fall-trees-on-mountain-steamboat-springs.jpg" style="display: block; margin: 20px auto; width: 750px;" alt="Beautiful mountain views in Steamboat" />
Fall is a local's time to shine in Steamboat. Be aware it's easy to fall in love with Steamboat Springs. One trip might be all it takes, but I can think of worse things that could happen to you.
So come visit us and introduce yourself! Who knows, soon you might be a local too. There is no better time than Autumn to enjoy this wonderful place we call home.2022-09-27T14:57:00-07:002023-02-22T11:05:22-07:00Erik Ramstadtag:steamboatsprings-realestate.com,2012-09-20:4617Best Coffee Shops in Steamboat Springs [Updated 2022]<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1597/image/coffee-shops-steamboat-springs.jpg" alt="Top 8 Best Coffee Shops in Steamboat Springs" width="475" />The <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Steamboat Springs Homes For Sale">Steamboat Springs community</a> is blessed when it comes to delicious coffee and breakfast shops. While there aren't too many fast food options in town, it's nice to know that plenty of little "Mom and Pop" shops can make your morning brighter. If you take the time to stop and sample some of these fine establishments, you'll never know what hidden gem you might find. Here are eight great coffee shops or places you'll find in Steamboat Springs to purchase a cup of coffee or buy beans by the bag.
Big Iron Coffee
<a href="https://www.bigironcoffee.com/" target="_blank">Big Iron Coffee</a> serves several high-quality coffee and various pastries with a smile. With locations in <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Downtown Steamboat Springs Homes For Sale">downtown Steamboat Springs</a>, mountainside, and on the west end, Big Iron Coffee is the perfect place to take in the local ambiance and enjoy a cup of java - or to get your caffeine fix.
MountainBrew
<a href="https://www.mountainbrewsteamboat.online/" target="_blank">MountainBrew</a> has been in Steamboat Springs for over 10 years and gained new ownership in 2019. Aside from its fair trade coffee features, this shop offers homemade baked goods and some breakfast and lunch menu items with local ingredients – so come in for a cup of joe or a meal! All coffee is roasted in Portland, Oregon.
Off the Beaten Path Bookstore and Coffeehouse
<a href="https://www.steamboatbooks.com/" target="_blank">Off the Beaten Path Bookstore and Coffeehouse</a> is an independent bookstore serving coffee and locally baked pastries, wine, and other specialty drinks. Here, it's all about ambiance and quality.
Established in 1990, locals come here to socialize, read, and enjoy a good cup of coffee. If you're looking for a quiet respite from the day's hustle or want to experience what this locally owned business offers, come on in and curl up in a corner and read while you sip your drink and enjoy a sweet treat.
<img src="/userFiles/1597/image/steamboat-coffee-roasters-in-steamboat-springs-co.jpg" style="display: block; margin: 20px auto; width: 500px;" alt="Steamboat Springs Coffee Roasters" />
Lil' House Country Biscuits & Coffee
In Curve Plaza on the west end of Steamboat Springs, a quaint little breakfast joint sits between a liquor store and a gas station. Hidden in the shadows of its bigger brother, Big House Burgers, visitors will find <a href="http://www.lilhousebiscuits.com" target="_blank">Lil' House Country Biscuits and Coffee</a>, which serves up some of the best biscuit sandwiches and coffee outside the state of North Carolina.
The sweet smell of freshly cooked biscuits greets customers at the door. Along with coffee, the shop serves a vast array of breakfast goodies, including biscuits and breakfast burritos, with creative flavor combinations.
Beard and Braid
Opened in the spring of 2022, <a href="https://www.beardbraidsteamboat.com/" target="_blank">Beard and Braid</a> is the perfect place to have a business meeting, catch up with a friend, or read a book in the ambiance of this thoughtfully designed shop. In addition to their expertly crafted lattes, one of the Beard and Braid owners is a pastry chef – their treats are delicious!
Emerald
This newly established restaurant in Steamboat Springs encourages its visitors to "wake up, recharge, and celebrate." Serving hot and cold drinks, healthy pastries, sandwiches, salads, and snacks, <a href="https://emeraldboat.com/" target="_blank">Emerald</a> offers something for everyone. Stop by between 7 a.m. and 3 p.m. Monday through Friday or from 9 a.m. to 3 p.m. on weekends.
Dusky Grouse
All <a href="https://duskygrousecoffee.com/" target="_blank">Dusky Grouse's</a> beans are from Victrola Coffee, a Seattle coffee roaster. Grab one of their signature lattes, the lavender-flavored Pretty Bird, and a breakfast burrito on your way into town. While serving tasty coffee, Dusky also takes care of the Steamboat Springs community by hosting seasonal book clubs and supporting KEXP, a Seattle-based non-profit arts organization.
Discover a New Favorite Steamboat Coffee Shop Today
If you are looking for a great cup of coffee, Steamboat Springs has no shortage of fantastic coffee shops. There is something for everyone in this charming ski town, from small local businesses to chains. Whether you are an espresso fan or prefer something with more flavor, these Steamboat Springs coffee shops will not disappoint. Stop by one of these fantastic establishments today to enjoy tasty food and a delicious cup of joe.2022-07-20T06:15:00-07:002022-09-13T07:21:11-07:00Erik Ramstadtag:steamboatsprings-realestate.com,2012-09-20:20172Make It Yours: Design Tips That Add Character to Your New Construction Home<img src="/userFiles/1597/image/new-construction-design.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Design Tips for New Construction Homes" />
People moving into a brand-new home enjoy fantastic freedom to customize. Although the bare walls and empty rooms of <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-new-construction-homes/">new construction homes</a> can seem daunting at first, making a decorating plan and prioritizing important areas makes the process much easier. Do you have an eye for design? Keep reading to learn how to add character to your new construction home.
Challenges of Decorating a New Construction Home
While new construction homes represent near-endless options for customization, home built in master-planned communities might have certain regulations implemented by the home builder that limit your design choices during the construction process.
These guidelines might limit the type or color of siding that homeowners can have installed on their homes. In some cases, the same goes for roofing, windows, and even landscape design. Home builders might also stipulate that all walls in the home are the same paint color. If you're someone who likes to put your personal touch home, it's up to you to bring character to your new construction home.
When you walk into your fresh-built house for the first time, don't be surprised if it doesn't feel like "home" right away. These difficulties can be just the inspiration you need to channel your inner designer.
For the Best Results, Wait to Paint
As eager as you might be to coat the walls with your preferred color scheme, you need to wait to paint.
Painting a new construction home right away after the project's completion could result in the need to redo the entire project within a year or two, depending on the climate. While the standard default neutral colors that most builders go with initially may seem boring, homeowners should wait at least a year before investing in any custom painting, tile installations, or wallpaper.
Why the wait? The delay isn't exactly waiting for the concrete foundation or freshly installed plaster on the walls to dry, but rather, owners will want to wait for the <a href="https://www.homelight.com/blog/buyer-how-long-does-it-take-for-a-house-to-settle/" target="_blank">new house to settle post-construction</a>. New building materials that tend to shift during the first year after being built include:
Drywall
Foundation concrete
Timber framing
Exterior bricks
Plaster
Painting too early in the design process can lead to cracks, peeling, and nail pops that can impede the final quality of the paint finish. A good example is wood installations that expand and contract due to changing seasons, so it's best to give them an entire year's worth of climate changes before painting for optimal results.
In the meantime, you can add pops of color with freestanding accent pieces that don't mount to walls.
Give Your Windows the Proper Treatment
Unless buyers invest in a custom home with plans for pre-installed window treatments, they might be moving in with no protection from the eyes of neighbors and passersby. Windows without coverings can present challenges in new home communities that are still putting up final touches like fences, so buyers should prepare to combat exposure with temporary wall blinds.
Windows will shift a bit too, and those expensive custom blinds may not fit for long. Purchase curtain rods that offer sun and noise protection that can remain a part of the decor after installing blinds or shades. Again, homeowners should avoid painting walls for a bit, but different accent pieces such as tapestries, artwork, and other decorations can provide a temporary solution.
Get the Lighting Right
Lighting is key to setting the tone in any room. In a new construction home, you might find that your built-in lighting doesn't quite meet your needs. These factors can make even the most spacious room feel small and uninviting. Be sure to bring in plenty of lamps for task lighting and upgrade to higher wattage bulbs to brighten up your home.
In the living room and bedrooms, you might also want to consider adding a dimmer switch. This will give you more control over the atmosphere in each room and allow you to set the mood for any occasion.
Finally, strategically placed mirrors are a great way to illuminate hard-to-light rooms. Angle them carefully to reflect ambient lighting from other areas of the house.
Add Personality By Swapping Out Default Options
<img src="https://assets.site-static.com/userfiles/1597/image/counter-cabinets.jpg" alt="Cabinets and Counters Can Be Changed From Their Defaults" style="display: block; margin: 20px auto;" />
Standard home contractors usually offer a limited selection of fixtures and finishes, while custom home builders are often amenable to creating designs to meet a buyer's vision. When <a href="https://www.steamboatsprings-realestate.com/blog/how-to-choose-a-home-builder/">choosing a home builder</a>, buyers should ask about alternate cabinet materials, flooring options, built-in shelving, and appliances that best suit their lifestyle and needs.
Some builders have a set of restrictions in place concerning the customized options available to homebuyers. Generally, these guidelines are necessary if a <a href="https://www.legalmatch.com/law-library/article/refusal-by-buyer-or-seller-to-close-on-a-building-contract.html" target="_blank">buyer fails to close on the home after construction</a>.
As you add new features, be sure to stick to the original decorating scheme. Doing this will ensure a cohesive design and limit the amount of work you have to do down the line.
Plan Ahead For Furnishings
Interior designers recommend those planning to move into a new home first take an inventory of the furniture they have on hand around four months <a href="https://www.flatpriceautotransport.com/things-to-do-on-moving-day/" target="_blank">before moving</a>. Think about the largest pieces and consider how well they will fit into appropriate rooms in the new abode.
Take advantage of having the measurements of each space provided by the contractor and envision what can and will go where. Decide what works and doesn't work with the intended floor plan, as doing so allows buyers time to order new pieces that will be ready for delivery when the home's construction is complete. Getting rid of furniture that won't make the move is an excellent way to make the most efficient <a href="https://www.steamboatsprings-realestate.com/blog/home-moving-timeline/">home moving timeline</a>.
Start with essential rooms first, or where occupants will spend most of their time. These areas tend to be bedrooms, the kitchen, and the living room. Important pieces to have initially include sofas, beds, mattresses, armoires or dressers, dining tables, and dining chairs.
After moving in, purchase accent pieces and decorative items that bring the design theme together. Rugs, art, and knickknacks are best decided a bit at a time, as overwhelming a new home with clutter can detract from the fresh appeal the space should purvey.
Bring Structured Flow to Open Floor Plans
An open floor plan is the layout of choice in many new construction homes. This type of floor plan often features large, empty rooms with few walls to break up the space. Open floor plans can be great for establishing a welcoming, unrestricted flow. Unfortunately, a lack of boundaries between areas can encourage clutter or wasted space.
One way to combat this feeling is by hanging curtains or drapes along the perimeters of each room. This will help to create a cozier atmosphere while still allowing you to take advantage of an open floor plan. If your home is particularly large, consider using furniture to break up the space into smaller, more manageable areas.
Find the Inspiration You Need to Design Your Dream House
Designing a brand-new home can be so exciting. From the carpets to the ceiling, you have numerous chances to impart your personal style. However, while some may see waiting as a <a href="https://www.steamboatsprings-realestate.com/blog/new-construction-home-buying-pros-cons/">drawback of buying a new construction home</a>, doing so gives owners time to get the feel of the space and develop a comprehensive scheme before investing in painting choices, furnishings, and decorating. Giving the home time to settle as you settle in will likely lead to better results for long-term satisfaction in a new construction home.
2022-07-14T10:30:00-07:002022-11-03T08:56:46-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:20836Converting a Single-Family Home Vs Buying a Multi-Family: Pros & Cons<img src="/userFiles/1597/image/convert-or-buy-multiplex.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Should You Convert Your Home into a Multi-Family Home or Buy an Existing One?" />
With appreciating housing prices, high demand, and low inventory, it can be tempting to convert a <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-single-family-homes/" title="Steamboat Springs Single-Family Homes For Sale">single-family home</a> into a multi-unit property. Another alternative, of course, is to buy an existing <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-multi-family-homes/" title="Steamboat Springs Multi-Family Homes For Sale">multi-family home</a> to use for investment purposes or as supplemental income to help lower the cost associated with home ownership. Choosing one option over another should result from thorough research and serious discussion. Keep reading to learn the pros and cons of converting your home into a multiplex or buying an existing multi-family property.
Can a Single-Family Home Be Subdivided?
As simple as <a href="https://www.steamboatsprings-realestate.com/blog/should-you-live-in-your-multiplex/">living in your rental property</a> by adding another private sleeping or cooking space may sound, the specifics of design and access may become too complicated or cost-prohibitive when dividing your single-family home. Even if it is possible to remodel a lower lever or a second story to provide a private space, there is the hurdle of zoning and municipal regulatory requirements that require permitting and compliance.
Consider desirable second-dwelling features like a dedicated patio or outdoor sitting space and a parking area, in addition to the necessary bath, kitchen, and sleeping spaces that a renter would require, as well as the health and safety needs of a future tenant. Additionally, owners would have some liability for insurance and the cost of financing the necessary improvements and alterations. Owners must consider the time it would take to recoup those costs, not only the potential rental income they could receive. Consult with your local building department and any neighborhood association that can inform you about the specifics of such a planned conversion.
Financing specifics also play into the decision. While your lender may not impose additional requirements, it sometimes is the case that a two-family home is valued at a lower amount than a single-family home. Determine how your plans might impact your home's assessment now and in the future.
Is Converting Your Home A Good Idea?
Look at the potential of getting additional income from currently underused or unused space in your home and the potential drawbacks of sharing your home with a tenant. Or, if you do not plan to inhabit the house after it is converted to a multi-family home, consider the management responsibility and the time and effort being a landlord requires. Are you properly equipped and willing to handle the diverse tasks of marketing and leasing, maintenance and repair, management and supervision, and the <a href="https://www.simekscott.com/state-local-ancilliary-tax" target="_blank">ancillary tax</a>, accounting, and legal responsibilities that it will entail?
What's the Process for Converting a Single-Family Home into a Multiplex?
<img src="https://assets.site-static.com/userfiles/1597/image/adding-wiring.jpg" alt="Part of the Single-Family Home Converting Process is Adding Wiring to the Second Unit" style="display: block; margin: 20px auto;" />
Before you get too far along in the process, you must determine what alterations might be required to bring the entire residence up to current code standards. Things like firewalls, wiring, dedicated ingress and egress for each dwelling unit and sleeping space, insulation and ventilation, heating and cooling systems, window sizes, off-street parking, separate meters for utilities, and the like must all be factored into the equation.
Design and construction costs can add up quickly. On the positive side, converting a single-family home into a duplex is more cost-effective than buying a new two-family property. Just be sure to consider the pros and cons before you <a href="https://www.flatpriceautotransport.com/things-to-do-on-moving-day/" target="_blank">make a move</a>.
Average Cost
What will it cost to convert from a single-family home to a duplex? Some <a href="https://www.thebalance.com/can-i-use-the-price-per-square-foot-to-figure-home-values-1798754" target="_blank">general square-foot price ranges</a> may help homeowners decide, but they will want specific prices for their location based on their distinctive vision for the property. The numbers will vary based on their plans.
Typically, a "stacked" conversion will be slightly lower than a side-to-side conversion. Those with an unfinished lower level with an outside entrance may have costs resembling "bargain basement" pricing compared to the price for a two-story split that creates two up-and-down duplexes.
A first step would be to schedule a preliminary discussion with a reputable remodeler to determine if what you envision is even possible. Then, before committing to specifics, assess your financial situation and make a decision based on reliable preliminary estimates. At the same time, be sure to investigate the rental market in your area to confirm that the unit you have in mind will be rentable for the amount you expect.
Finances & Taxes
Changing the use of a property can sometimes make a difference to lenders and affect an owner's tax status. Before deciding to proceed, it would be wise to consult with a tax accountant to determine what might result from the rental income. Do you know how to treat such receipts? Would it be considered passive income? Investment income? What expenses can be used to offset such income? What happens if you decide to sell the property? These are all questions you will want to be answered by experts.
Only You Can Decide
In the end, only one opinion matters, and that is yours. What you decide depends on the factors that are important to you. As you explore possibilities, remember that your financial well-being depends on making wise decisions based on facts and well-thought-out intentions. Take your time, investigate opportunities, consider the current housing market in your area, and make the best decision for your future happiness and stability.
2022-06-29T08:16:00-07:002022-11-01T08:50:45-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:19373Are Luxury Condos a Good Investment? How to Break into the Luxury Condo Market<img src="/userFiles/1597/image/investing-in-luxury-condos.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Tips for Investing in a Luxury Condo" />
Buying a residential property, whether a stand-alone house or a condo, is probably one of the most significant purchases that most people make in their lifetimes. <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-luxury-condos/" title="Steamboat Springs Luxury Condos For Sale">Luxury condos</a> are just one segment of the real estate market. A condominium, or condo, is a group of housing units in which homeowners can own individual units or spaces. In a luxury condo, there are typically extensive amenities and high-end features that add convenience and appeal to the condo and its community. Read on to learn what to consider when investing in a luxury condo.
Are Condos a Good Investment?
Condos make for a great investment because they are typically lower in price than single-family homes, and yet offer many—or more—of the same amenities at a lower cost. Compared to single-family homes, where the owners are responsible for all maintenance and upkeep, many condos have a condo owners association (COA) that covers a lot of that work.
Additionally, as more and more people move into cities, condos are becoming an increasingly popular option, which means that their value is likely to continue to rise.
Overall, condos tend to be a wise investment, especially if you are looking for a relatively affordable way to invest in a piece of luxury property in a popular area. With careful research and a bit of luck, you can find a condo that will appreciate in value over time, providing you with <a target="_blank" href="https://precondo.ca/how-to-make-money-renting-condos/">steady rental income</a> and a tidy profit when you eventually sell.
Pros and Cons of Investing in Luxury Condos vs. Luxury Single-Family Homes
There are pros and cons to investing in both luxury condos and luxury single-family homes. Here are some things to consider before making your decision:
Pros of Investing in Luxury Condos
Luxury condos may be more affordable than luxury single-family homes.
Luxury condos typically have a condo owners association (COA) that covers external maintenance and upkeep, whereas owners of luxury single-family homes are responsible for all maintenance and upkeep.
The value of luxury condos is likely to continue to rise as they become an increasingly popular option, especially in cities.
Pros of Investing in Luxury Single-Family Homes
Luxury single-family homes may have <a target="_blank" href="https://rockstarfinance.com/condo-vs-house">more stable value than condos</a>.
Luxury single-family homes may be easier to sell than luxury condos.
Luxury single-family homes offer more privacy than luxury condos.
Ultimately, the decision of whether to invest in a luxury condo or a luxury single-family home depends on your individual needs and preferences. If you are looking for an affordable investment property, a condo is likely your best bet. However, if you are interested in a more conventional property that may be easier to sell, a single-family home may be the better option.
Strategies for Investing in Luxury Condos
When investing in a luxury condo, there are a number of things to take into consideration in order to set yourself (and your investment) up for success. Here are a few tips to get the most out of your luxury condo investment:
Choose the Best Location
One of the things to think about when purchasing a luxury condo is the location. Thinking strategically about the area using objective factors is important. Location is directly related to price, rental potential, and resale, and it can also affect commute time, noise, school districts, and more. What are some things for homebuyers to consider when choosing a location for a luxury condo?
Neighborhood: The neighborhood a condo is located in is undoubtedly an important piece. Think about convenience for current occupants and any future residents.
Current and future amenities in the area: Most areas have a master plan or overlay that discusses both goals and direction for the area. Check to see if there are plans for high-density residential complexes. Find out if there are grocery stores and retailers within a reasonable distance.
The location relative to the remainder of the town or city: Location can affect commute times. Location can also be important to people with children if they desire to be in a particular school zone.
The unit's location within the complex or building: The unit's location within the complex can affect privacy, accessibility, and noise levels.
The layout of the condo itself: Find out if the condo is accessible for people of all ages and abilities. Determine the location from the condo to any public transportation. If the condo is within easy walking distance of public transportation, it may be more desirable.
Look for Prime Amenities
When purchasing a luxury condo, think about prime amenities. Why? A luxury condo will be more appealing when people feel at home with amenities that make them feel a little spoiled. Ensuring there are high-end finishes is a good idea for <a href="https://www.steamboatsprings-realestate.com/blog/interior-design-tips-for-luxury-condos/" title="Interior Design Tips for Luxury Condos">luxury condo design</a>. Some examples of excellent amenities include:
Smart and/or energy-efficient home features: Globally, people are concerned about climate change and reducing their carbon footprint. Many condos feature smart home amenities like thermostats that are adjustable via an app. Smart locks and light switches are also good amenities to homebuyers.
Fitness and wellness features: Swimming pools, plunge pools, and fitness centers are attractive amenities for condo owners. The most luxurious condos offer concierge fitness offerings like yoga and spin classes.
Pet-friendly features: A dog wash station, dedicated dog park, or walking trail are all amenities that will bring in residents and investors, especially if the condo is not located near green space. Pet owners and non-pet owners alike will appreciate dedicated spaces for furry friends.
Outdoor spaces: Whether an outdoor space includes green space, rooftop deck/lounge, or outdoor kitchen/dining area, outdoor amenities are critical in a condo complex when individual owners do not have a yard.
Decide If the Condo Will Be Rented Out
<img src="https://assets.site-static.com/userfiles/1597/image/signing-rental-agreement.jpg" alt="Different Condo Communities Have Different Rental Rules" style="float: right; max-width: 400px; padding: 0 0 10px 10px; background-color: #fff;" /> Some buyers purchase luxury condos with the sole purpose of owning the property as a rental. However, like with any real estate investment property, there are pros and cons associated with owning rental property.
Consider whether the property can be operated as a short-term or long-term rental. Some condo complexes and local laws forbid short-term rentals within areas or developments. Either way, the condo should be insured for rental purposes.
Maintenance costs and monthly upkeep fees should be a consideration as well. If possible, an investor should build these costs into the rental rate to maximize profit on the rental.
Some people choose to utilize a management company to cover the daily operations. Management companies typically charge a fee, so an investor should consider this cost when setting the rental fee. A good rule of thumb is to target a <a href="http://blog.turnkeyvr.com/much-money-can-make-vacation-rental/" target="_blank">yearly rental income</a> of approximately $10,000 to $12,000 for every $100,000 in the purchase price. For example, a $500,000 condo should aim for a rental income of $50,000 to $60,000 per year.
Views Drive Value
Views are often considered a selling point when it comes to real estate. However, different people have different opinions on what constitutes a great view. Waterfront, cityscape, and mountains are all desirable views.
A <a href="https://www.nerdwallet.com/article/mortgages/how-much-does-a-view-affect-a-homes-value" target="_blank">desirable view can increase property value</a> by as much as 80%. While this figure is at the high end of how a great view can increase the value of a luxury condo, a condo with a view will undoubtedly garner a higher purchase price than a condo that looks directly at a brick wall.
Tips for Breaking into the Luxury Condo Market
If you are interested in investing in luxury condos, there are a few things you can do to increase your chances of success:
Research the market carefully. Keep an eye on trends in the real estate market, both in your city and nationally, to get a sense of where the market is heading. This will help you make informed decisions about when to buy and sell.
Work with an experienced agent. An experienced luxury real estate agent will be familiar with the high-end condo market and can help you find the right property to suit your needs.
Be prepared to act fast. Luxury condos are in high demand, so you will need to be ready to make an offer as soon as you find a property you like.
With careful research and a bit of luck, you can find a luxury condo that makes for a great investment. By following these tips, you will be in a good position to break into the luxury condo market and make a profit.
A Compelling Case for Investing in Luxury Condos
Numerous factors control a buyer's decision to invest in a luxury condo, whether for a primary residence or rental property. No magic formula determines precisely how much money to spend on a luxury condo. Likewise, there is no magic formula to determine what <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-luxury-condos-with-excellent-amenities/" title="Steamboat Springs Luxury Condos with Amazing Amenities">luxury condo amenities</a> appeal to the most buyers or renters. Each market is unique. Researching all your options, thinking about expenses, and considering these tips will help you decide if the luxury condo property is worth investing in.
2022-06-28T11:17:00-07:002022-06-29T08:55:07-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:4520Steamboat Springs Cycling Guide: Epic Trails, Gravel Races & Cycling Events in Steamboat<img src="/userFiles/1597/image/steamboat-springs-cycling-guide.jpg" style="margin: 0 auto 20px auto; display: block;" alt="Bike Trails and Cycling Events in Steamboat Springs" />
With near-endless biking trails and some of the country's best cycling events, the <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Homes For Sale in Steamboat Springs CO">city of Steamboat Springs</a> lives up to its nickname "Bike Town USA." This world-class vacation destination has trails for every experience and skill level, making cycling one of the most popular <a href="https://www.steamboatsprings-realestate.com/blog/best-outdoor-activities-steamboat-springs/">outdoor activities in Steamboat Springs</a>. There's an undeniable bicycling culture in this northern Colorado city, with offerings ranging from local bike shops to early morning mountain rides to some of the largest cycling events in the country.
Pump up your tires, strap on your helmet, and keep reading to find a complete guide to cycling in Steamboat.
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Mountain Biking Trails Near Steamboat Springs
<img src="/userFiles/1597/image/ss-mountain-biking-trails.jpg" style="width: 100%; margin-bottom: 20px;" alt="Mountain Biking Trails Near Steamboat Springs, CO" />
It should come as no surprise that this Rocky Mountain town boasts world-class mountain biking trails. The closest bike trail, Emerald Mountain Loop, is just two blocks from downtown.
Most of the hundreds of miles of trails combine technical challenges with scenic views. The most demanding trails, like Spring Creek Trail and Grouse Ridge, go up mountains and into fast, rocky, adrenaline-pumping downhill descents. For riders who want less of a thrill, the Panorama and Fiddlehead trails are easy enough for kids but promise unparalleled views, especially in the fall. Whether you're a beginner or a seasoned pro, you'll find a mountain biking area in Steamboat that promises a great ride. To help you get started, here are some of the most popular mountain biking trails in Steamboat Springs:
Emerald Mountain
Emerald Mountain is a local Steamboat Springs favorite and is home to many biking trails. Easily accessible from <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Downtown Steamboat Springs Real Estate">Downtown Steamboat Springs</a>, Emerald Mountain boasts nearly 4,000 acres of land with trails etched into the mountain providing phenomenal views of the aspen forests and exciting biking ascents.
Some of the most popular mountain biking trails on Emerald Mountain include:
Bluffs Loop (Beginner/Intermediate)
Wild Rose (Beginner/Intermediate)
Howelsen Hill (Beginner/Intermediate)
Lupine Trail (Beginner/Intermediate)
Beall Trail (Intermediate)
Quarry Loop (Intermediate)
Stinger Loop (Advanced)
Mt. Werner
On the opposite side of Steamboat Springs from Emerald Mountain lies Mt. Werner. This majestic mountain is part of a larger mountain range that makes up Steamboat. During winter, skiing and hiking dominate the landscape, but Mt. Werner is a mountain biker's paradise during summer.
Biking trails on Mt. Werner include:
E-Z Rider (Beginner)
Cowpoke (Beginner)
Rustler Ridge (Intermediate)
Pioneer (Intermediate)
Raw Hide (Advanced)
Buffalo Pass Trail Network
Many of the best rides in the Steamboat Springs area are part of the Buffalo Pass Trail Network. As a sprawling, multi-use outdoor recreation area, there's virtually no limit to the adventures you can pedal through here. The trails have different starting points, including some that might be best accessible by car. Some of the most recommended trails in the network include:
Mad Creek Trail (difficult) - An intense, challenging 10-mile loop with lovely views of aspen groves and deep canyons. Usually the first trail to open in the season.
G.E.M. (difficult) - A steep ascent gives way to beautiful views of Rabbit Ears Peak, Fish Creek drainage, and Lost Ranger Peak on this 3-mile-long trail.
Spring Creek Trail (intermediate) - This Steamboat bicycling route has bridges crossing streams and a downhill stretch, allowing some speed through the aspen forest.
BTR aka Bear Tree Ridge (difficult) - A technical trail with rock drops, jumps, log rides, and steep rocky sections.
Flash of Gold/Grouse Ridge (difficult) - Expert-level riders will love this technical trail that ascends 10,000 feet and then drops back to 1,500 feet in the span of 3.5 miles. Locals know it as the most beautiful autumn trail ride.
Beall Ridge Trail Loop (intermediate) - The gentle, beautiful ride up Emerald Mountain is a preamble to a fast downhill descent to Cow Creek.
Continental Divide Trail (difficult) - This trail starts at Rabbits Pass, requiring cyclists to climb to the top of the <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-mountain-ski-area/" title="Condos For Sale in the Mountain/Ski Area">Steamboat Ski area</a> and rewarding them with a flowy downhill cruise in the Mt. Warner area.
Gravel & Road Biking Trails in Steamboat Springs
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Steamboat has plenty of options for bicyclists who love the wide-open road with fewer technical demands. More than 600 miles of dirt and gravel roads lead to century rides, challenging hill climbs, and Yampa Valley's most gorgeous scenery.
Gravel Biking in Steamboat Springs
Gravel bikes are often referred to as the SUVs of the bicycle world because of their versatile use between paved and unpaved roads. With plenty of those and rarely much vehicle traffic on them, it's no wonder that gravel biking is wildly popular in Steamboat. Here are some must-try routes:
Airport Plus Gravel Grinder Loop (intermediate), 21.86 miles
Emerald Circuit (intermediate), 27.9 miles
Sleeping Giant (difficult), 41.3 miles
Steamboat Unbridled (difficult), 60.3 miles
Steamboat Springs even has a "Ranch & Brew" gravel ride, with a celebratory stop at the end of the route at <a href="https://www.stormpeakbrewing.com/" target="_blank">Storm Peak Brewing</a>. Those who need a meal with the brews can hop over to Moe's BBQ for a to-go order.
Road Biking in Steamboat Springs
Biking in Steamboat isn't all gravel roads and mountain trails; there are plenty of rides around town for road bikers to enjoy. Set new records for speed and distance on these paved routes:
Catamount Out & Back (easy), 10.9 miles
River Road Loops (easy), 24 miles
Elk River Road (moderate to strenuous), 36-73.5 miles, depending on where you turn around
Coal Mine Loop (strenuous), 45.6 miles
Cycling Events in Steamboat Springs
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It's easy to see why cyclists worldwide include Steamboat as one of their bucket list destinations. However, that doesn't mean you have to be an elite athlete to enjoy a competitive ride here. Various events raise funds for the local community with "fun rides" and moderate routes anyone can enjoy.
SBT GVL
The mountains and gravel roads set the scene for this <a href="http://sbtgrvl.com/" target="_blank">SBT GRVL</a> cycling event on some of Steamboat's more challenging routes. Each year cyclists choose between four options, ranging from 37 to 144 miles. There are also volunteer opportunities for people who may not wish to ride but still want to be part of the monumental race.
Tour de Steamboat
Local legend Kent Eriksen started <a href="http://www.tourdesteamboat.com/" target="_blank">Tour de Steamboat</a> in the 1970s and raised money for various charities. Choose one of five route options ranging from 26 to 100 miles, or a family fun ride with an easy, approachable route appropriate for kids. At the end of the race, there's a big post-ride party with barbecue, beer, and live music.
Emerald Mountain Epic
The <a href="http://emeraldmtnepic.org/" target="_blank">Honey Stinger Emerald Mountain Epic</a> race combines cycling with running on a 90% singletrack plus elevation gains. Held every year in August, in-person events include a 52-mile mountain biking race (participants can choose between solo or duo relay), trail running (half marathon or full marathon), and races that combine both the biking race and trail running (also available as either solo or dual participation).
The race organizers also offer virtual routes for participants to complete without competing in person at the event. Those events are slightly different than the physical race and include 26- and 52-mile mountain bike, full marathon, half marathon, mini-epic 10-mile mountain bike, and mini-epic 10k trail running.
Steamboat Roubaix
The <a href="http://bikesteamboat.com/roubaix/" target="_blank">Steamboat Roubaix</a> is a USA Cycling (USAC)-permitted race with a track that tests cyclists' skills over dirt, gravel, and paved roads. Participants must follow USAC road racing rules and have an annual or one-day membership with USA Cycling and Colorado Cycling. The races are typically held in May and have three categories: 36, 53, and 70 miles. For non-competitive bikers, there is also a Gran Fondo ("Big Ride" in Italian) category so they can still conquer the track at their own pace.
Moots Ranch Rally
<a href="http://moots.com/ranch-rally-is-back-for-2022/" target="_blank">Moots Ranch Rally</a> race has two routes: a 76-mile and a 54-mile course, which are almost 100% gravel. To test cyclists, there are a couple of timed segments on each route to look forward to when the race takes place every June. Both routes are on the bicycle maker's property; Moots has been based in Steamboat Springs for over 40 years and tests its bicycles on the same gravel roads.
Moots Ranch hosts lunch and an evening social for participants during the race. Awards for the race's timed segments are given, and factory tours are offered.
Town Challenge MTB Race Series
The <a href="http://www.townchallenge.com/info-schedule" target="_blank">Town Challenge race series</a> takes place throughout the summertime. Those who wish to race can participate in hill climbing and downhill terrain races to grand cross-country biking adventures. Dates vary, but the events in this series usually occur between early June and mid-August.
Steamboat Gravel Fest
<a href="https://gravelfest.com/" target="_blank">Steamboat Gravel Fest</a> tests participants' endurance with a 350-kilometer seven-day gravel road race. The event is free for everyone to participate in, and it exists to promote awareness of the everyday heroic efforts of nurses. Each day begins with a 30-minute social ride, during which participants can ride together and chat. Things kick up after that with a friendly but fast race. At the end of the day, everyone meets up again at a restaurant or brewery in Steamboat.
Steamboat Springs is a Cyclists' Paradise
Whether biking is a way to commute, exercise, or just have good old-fashioned fun, there are many ways to enjoy <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-summer-hikes/">Steamboat Springs trails</a> on two wheels. Residents and visitors alike can hop on any one of Bike Town USA's hundreds of bike trails or gravel roads or participate in one of the many world-renowned summer race events. Before heading out, be sure to brush up on <a href="https://www.bicyclecolorado.org/ride-colorado/rules-of-the-road/" target="_blank">Colorado cycling laws</a>. Other than that, pedal hard and have fun!
2022-06-28T08:00:00-07:002023-03-28T06:07:03-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:10966Steamboat Summer Events: The Best of Summer Fun All in One Place<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1597/image/Saheb-21-06-2019-11-Pano.jpg" alt="Summer Events in Steamboat Springs" width="475" />As the snow melts and the valley begins to turn green we can't help but anticipate another wonderful summer in Steamboat Springs! Your favorite summer events are back this year, and we have everything in one place. Whether you're interested in adventuring outdoors, browsing local art, or exploring Steamboat's western roots, summertime in the Yampa Valley has something for everyone. Keep reading to learn about the best reoccurring summer events in the <a title="Steamboat Springs Real Estate" href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/">Steamboat Springs area</a>.
Yampa River Festival
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Put on by Friends of the Yampa, the <a href="https://friendsoftheyampa.com/yampa-river-festival/" target="_blank">Yampa River Festival</a> celebrates Steamboat's beloved river with multiple days of on-the-water fun. Activities include kayaking/SUP demonstrations, gear swaps, tube rodeos, and paddling races. The event has occurred for over 40 years, typically during June.
Main Street Farmer's Market
Sample the best of everything grown in Routt County! Boasting more than 100 vendors on display, the <a href="https://www.mainstreetsteamboat.com/farmers-market/" target="_blank">Main Street Farmers Market</a> is a summer staple typically held every Saturday from June to September. Come out to <a title="Downtown Steamboat Springs Real Estate" href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/">Downtown Steamboat Springs</a> and buy fresh produce, arts, crafts, or simply listen live music. The market typically runs every Saturday from early June to September, although the dates may vary per year.
Steamboat Marathon
The <a href="https://www.steamboatchamber.com/events/annual-events/steamboat-marathon/" target="_blank">Steamboat Marathon</a> is proud to be ranked as one of the Top 10 Destination Marathons in North America. Every year, runners from around the world come to compete in the full marathon, half marathon, and 10K races. Top-placing contestants can qualify for the Boston Marathon.
For those who haven't experienced the marathon yet, be prepared for it to completely take over Main Street for most of the day. Those who aren't running can still enjoy the surrounding festivities and cheer their neighbors across the finish line. Registration ends a few days before the event, which typically takes place in early June.
Haymaker Golf Tournaments
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The Haymaker Golf Course is well regarded as one of the <a href="https://www.steamboatsprings-realestate.com/blog/best-golf-courses-routt-county/">best golf courses around Routt County</a>. Every summer, the club hosts several exciting <a href="https://www.haymakergolf.com/club/tournaments" target="_blank">golf tournaments</a>, including the annual HayCup event. The HayCup tournament invites teams of two players to square off in five nine-hole matches taking place over three days.
Steamboat Summer Biking Events
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Of Steamboat's numerous nicknames, "Bike Town USA" is a favorite among the thousands of people who flock year every year to enjoy the best of <a href="https://www.steamboatsprings-realestate.com/blog/biking-events-in-steamboat-springs/">biking in Steamboat Springs</a>. Summer months bring about several races, fun rides, and more. A few of the most popular summer cycling events include:
STARS Biking the Boat & Beyond Ride
Town Challenge Mountain Bike Race Series
Moots Ranch Rally
Tour De Steamboat
Revolution Enduro
Emerald Mountain Epic
SBT GRVL
Ride the Cog
Dates may vary from year to year.
Howelsen Hill Trail Run
Push your limits at the <a href="https://runsignup.com/Race/CO/SteamboatSprings/HowelsenHillTrailRun" target="_blank">Howelsen Hill Trail Run</a>, an off-road running event that tests participants' endurance with 8-mile and 4-mile single-track trails while rewarding them with some of the most beautiful scenery in Routt County. Registration for the event can be completed on-site or online. The event takes place in mid-June when mild sunny days and gorgeous flowers create optimal conditions for trekking Howelsen Hill.
Other summer runs in Steamboat include:
Spring Creek Memorial Trail Run
Steamboat Lake Triathlon
Continental Divide Trail Run
10K at 10,000 Feet
Run Rabbit Run Ultra-Marathons
Passport Through the Botanic Park
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Explore pristine gardens showcasing alpine plants from Colorado and around the world at <a href="https://www.yampariverbotanicpark.org/passport-through-the-botanic-park/" target="_blank">Passport Through the Botanic Park</a>. This newer event includes delightful food and wine pairings, a rotating cast of entertainers, and historic photographs showcasing Yampa River Botanic Park's multi-decade history. Reservations can be made for individual tickets or 10-person sponsorship tables.
Reds Whites & Brews in the Boat
<a href="https://redswhitesandbrews.net/" target="_blank">Reds, Whites & Brews in the Boat</a> is a locally beloved event bringing together a few of Steamboat's favorite things: unlimited wine and craft beer tastings, live music, local vendors, and delicious food. The event takes place on Yampa Street, Steamboat's premier entertainment district, but attendees are invited to stay and explore tubing, hiking, and all the other fun things to do in Steamboat for the rest of the weekend.
Steamboat Pro Rodeo
Saddle up for months of fun at the <a href="https://www.steamboatprorodeo.com/" target="_blank">Steamboat Springs Rodeo Series</a>, a pro rodeo event that usually takes place from June to August. Every year, locals and tourists alike fill the stands at Howelsen Sports Complex to watch the best of the best compete at bull riding, saddle bronc riding, barrel racing, and more. Here are a few tips to help you enjoy this premier Steamboat attraction:
Come in cowboy style. Wide-brimmed hats, flannel, and boots are all encouraged.
Arrive early, stay late. There are tons of side attractions, including live music and food stands, so explore the grounds from open to close when you attend.
Kids love the Am Scramble! Let younger ones get muddy with a just-for-fun calf scramble. Separate scrambles are held for kids under five and kids ages six to 12.
Stay for the Junior and Pee Wee Barrel Racing section. With cowgirls and cowboys under 12 competing for top times, this is one of the event's most underrated attractions.
Steamboat Springs 4th of July Fun
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There's nothing quite like <a href="https://www.steamboatsprings-realestate.com/blog/4th-of-july-in-steamboat/">4th of July in Steamboat Springs</a>. Whether you're spending it at the rodeo, the parade downtown, or the summer ski jumps at Howelsen Hill, Independence Day in The Boat is always one to remember.
Hot Air Balloon Rodeo
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The Hot Air Balloon Rodeo was well-known as one of the best balloon festivals in the country. Unfortunately, as of 2022, the event has been placed on hold indefinitely. Many locals are hopeful that the rodeo will return soon.
Kitchen And Garden Tour
Browse some of the most <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-luxury-homes/">luxurious homes for sale in Steamboat Springs</a> at the Kitchen and Garden Tour. The event kicks off at the Strings Music Festival then meanders through top Steamboat neighborhoods. Proceeds support the ongoing community activities by the <a href="https://stringsmusicfestival.com/" target="_blank">Strings Music Festival</a>.
Art in the Park
Celebrated for nearly 50 years, <a href="https://www.steamboatcreates.org/depot-art-center/art-in-the-park/" target="_blank">Art in the Park</a> is an event by Steamboat Creates that inspires creativity every July! The event features more than 150 vendors, all of whom will be selling one-of-a-kind handmade items. West Lincoln Park hosts the vendors and attendees of the annual two-day event.
People who want to enjoy local art year-round will be pleased to know that the First Friday Artwalk occurs year-round.
Routt County Fair
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The Routt County Fair has been bringing people together in the <a href="https://www.steamboatsprings-realestate.com/hayden/" title="Hayden Homes & Real Estate">city of Hayden</a> for more than 100 years!
At the fair, you can get a taste of the rodeo with events such as pig wrestling, youth bull riding, and mini bronc bustin'. There is also a home arts competition for baked goods and art. At night there is a barn dance where you can show off your best swing dancing and two-stepping skills.
The most famous part of the fair might be the livestock show. Members of the local 4-H will show off the livestock they have raised throughout the year to bidders.
Yampa Valley Crane Festival
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Find the best late summer blues cure at the <a href="https://coloradocranes.org/yampa-valley-crane-festival/">Yampa Valley Crane Festival</a>! This event, taking place every September, features academic presentations, guided crane viewings, and more in Steamboat Springs, Hayden, and the town of Craig.
Steamboat Food & Wine Festival
Say goodbye to summer and welcome fall at the Steamboat Food & Wine Festival. Held in late September and early October, attendees can sample world-culinary creations perfectly paired with wine samples. Guests have the option of purchasing an all-access pass or individual tickets to one-off events.
Outdoor Activities to Try This Summer
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It's no secret that Steamboat is famous for its many fun things to do outdoors. Whether you're a lifelong local or a weekend visitor, why not get outside and try something new? Here are a few ideas to get you started.
Go Camping & Bring the S'mores. It really just isn't camping without s'mores! The best <a href="https://www.steamboatsprings-realestate.com/blog/camping-in-and-around-steamboat-this-summer/">summer camping spots in Steamboat</a> promise starry skies and unforgettable memories.
Find Your New Favorite Hike. It simply isn't summer unless you <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-summer-hikes/">Steamboat's trails</a> as much as possible. Multi-night treks and short out-and-back loops make it easy for hikers of all skill levels to find great adventures.
Tube the River. Whether you're dropping in a Fletcher Pond or booking a guided float, tubing on the Yampa River is a quintessential Steamboat activity.
Catch a movie on the mountain. It really is an incredible experience to see the stars, the mountain, and a movie all at once. <a href="https://www.steamboat.com/things-to-do/events/coca-cola-movies-on-the-mountain-july-30" target="_blank">Coca-Cola's Movies on the Mountain</a> screens favorite films from July to August at Torian Plum Lawn.
Get out of your comfort zone. If you have done all the above options, try something new, like yoga on a stand-up paddleboard, canoeing, or power walking the full length of the core trail.
The Season For Fun Never Ends in Steamboat Springs
Summer in Steamboat means beautiful weather, <a title="Best Outdoor Activities in Steamboat Springs" href="https://www.steamboatsprings-realestate.com/blog/best-outdoor-activities-steamboat-springs/">outdoor activities</a>, and a plethora of exciting events. From cycling races to river floats and food festivals, it's hard to imagine a dull moment in the summer. When the days get short and the leaves turn gold, be sure to stick around for the many other amazing <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-things-to-do/">things to do in Steamboat Springs</a>.2022-06-27T13:17:00-07:002024-02-26T11:22:21-07:00Lindsey Fishertag:steamboatsprings-realestate.com,2012-09-20:20835Buying a Multi-Family Home: How Many Units Should You Have?<img src="/userFiles/1597/image/choosing-multifamily-size.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Choosing Between Multi-Family Property Sizes" />
Anyone interested in <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-multi-family-homes/" title="Multi-Family Homes For Sale in Steamboat Springs CO">multi-family homes for sale</a> must do some initial homework before diving into the world of rental investments. Becoming a landlord is serious business, whether you plan to rent out one side of a duplex to reduce your monthly mortgage payment or if you intend to acquire a roster of properties that will provide you with substantial income.
All <a href="https://www.steamboatsprings-realestate.com/blog/types-of-investment-properties/">types of investment properties</a> can pave the way to future financial security, there are some do's and don'ts to consider when it comes to choosing a number of units. Keep reading to weigh the pros and cons of the various multi-family property types.
2–4 Units or 5+ Units?
Whether you limit your first rental property to no more than four living units or immediately enter the realm of commercial property investment will depend primarily on your goals and financial resources. In most jurisdictions, a property with no more than four separate living units is considered residential. Properties with five or more apartments or separate living spaces fall under the definition of commercial, with different zoning regulations and financing requirements.
Let's examine what you need to know.
The legal difference between residential and commercial properties affects an individual investor. There are distinct advantages and disadvantages to each type of investment for novice and seasoned investors.
Inherent risk is generally lower with four or fewer units, but the potential return on investments is deemed higher with a more significant number of units available to rent. Risk, such as empty units, is spread among more units, and rental market fluctuations typically have a more negligible effect on existing long-term leases. However, having a higher number of rental units can cause severe financial woes in times of rapidly rising costs or during economic slowdowns when tenants fall behind on rent.
The rental property market is one of the first to feel the effects of inflation and economic slowdowns, so investors should consider both the upside benefits and the negatives that accrue to each type of rental property during good or bad times.
Base your investment decisions on personal goals and financial strength.
Many new investors begin by <a href="https://www.steamboatsprings-realestate.com/blog/should-you-live-in-your-multiplex/">leasing half of a duplex</a> or an apartment carved out of a single-family home with the sole intent of reducing the cost of ownership. A natural next step for many such investors is to move to a larger, single-family home and retain the rental units to generate additional income. It is a proven strategy, and real estate has proved to be an excellent long-term investment.
Moving beyond that stage to owning multiple rental properties is a big step, however, one that should be taken only after serious planning and consideration. Managing rental properties is a commitment that requires time, energy, and scrutinous compliance with <a href="https://cl.cobar.org/features/2021-changes-to-colorado-landlord-tenant-law/" target="_blank">landlord-tenant law</a>.
How Many Units Are You Comfortable Managing?
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Managing rental properties is a job, even if your income is considered passive. While acting as landlord for renters living next door in half a duplex may not be an undue burden, managing tenants in a four-unit building across time will involve additional time and effort.
There are distinct differences between managing residential housing units, even if you own multiple properties, and owning more significant buildings classified as commercial investments.
The differences may not be immediately apparent, but they involve financing requirements, record-keeping, zoning, and regulatory concerns.
As you expand your list of <a href="https://www.steamboatsprings-realestate.com/blog/types-of-investment-properties/" title="Types of Investment Properties">rental </a>properties, you will want to consider hiring a full-time property management firm. Unless you are trained in the various areas of marketing, leasing, and property management, you will want to rely on the experience and expertise of trained professionals, especially if your properties are in scattered geographical locations.
What's the Local Market Like?
Beginning real estate investors are cautioned to begin small and invest in their local markets. That will mean learning all you can about local market costs and conditions. An excellent way to start is to keep track of sales and rental statistics that you obtain from local real estate professionals, multiple listing services, and the economic and business statistics in your community.
Depending on market conditions, you might consider buying a duplex, as mentioned above, and renting the second unit to reduce your carry on the property. Another option could be to convert part of a single-family home into a studio apartment or efficiency unit. "Dipping one's feet" into the investment pool can provide valuable insight and knowledge needed for an investor's growth.
After testing the waters in your locale, you will either decide that such investment is not for you, or you might want to acquire additional rental properties. Serious investors buy only those properties that have the resale potential. If you decide to sell, you want marketable properties.
Enroll in an investment class at a local community college, or seek the advice of other investors, if possible. Study the pros and cons of every investment decision. Take stock of your financial resources and reserves, and formulate a long-range plan if you intend to build a portfolio of <a href="https://www.steamboatsprings-realestate.com/blog/types-of-investment-properties/" title="Types of Investment Properties">investment properties</a>. Also, regularly consult with your legal and accounting advisers, and weigh all your decisions on sound financial advice and projections.
Start Small & Work Your Way Up With Multi-Family Investments
Even though many small investors view single-family homes as an easy way to build a portfolio of real estate rental properties, there is a move toward investing in multi-family properties. As a new investor, it pays to become aware of market trends and make projections that will allow you to compare the expected returns of various options.
Despite the challenges, multi-family homes can be better investments than single-family properties. To be a successful real estate investor, you to need to find out how many units you can comfortably manage while earning desirable returns.
2022-06-22T08:52:00-07:002022-06-29T08:12:56-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:4719Father's Day Ideas for Steamboat Springs<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1597/image/biking-on-fathers-day-in-steamboat.jpg" alt="How to Celebrate Father's Day Every Year In Steamboat Springs" width="475" />Father's Day only comes once a year, and there is no better way to celebrate than in Steamboat. No matter what your dad likes to do, you're sure to find a great way to celebrate him in Steamboat. From outdoor adventures to tasty restaurants, here are the best ways to celebrate Father's Day in Steamboat Springs.
Treat Dad to Outdoor Fun in Steamboat Springs
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If your father is the outdoorsy type, then Steamboat Springs is the perfect place to celebrate Father's Day. The town is located in the heart of the Rocky Mountains and is home to some scenic hiking trails, exciting bike events, and more.
Take dad on a bike ride. Steamboat's amazing mountain bike trails, gravel rides, and road routes never get old.
Hike up Emerald Mountain. Clocking in just under 4 miles, this hike is perfect for an afternoon jaunt.
Gift your dad a Steamboat season pass. Father's Day might occur in the middle of summer, but it's never too early to plan for the winter ski season!
Take Dad Out To Eat in Steamboat Springs
After a day of outdoor fun, treat your father to a nice meal at one of the many restaurants in Steamboat Springs. The town has a variety of dining options, from upscale bistros to casual eateries.
Steamboat Springs is also home to several breweries. So, if your dad enjoys craft beer, be sure to grab him a pint.
Winona's. What better way to start dad's big day than with hot coffee and some of the best cinnamon rolls around?
Yampa Sandwich Company. Pile your sandwiches high and enjoy a laid-back lunch on the patio.
Back Door Grill. If you're not grilling in the backyard for Father's Day, opt for the top-rated burgers at Back Door Grill.
Salt & Lime. End your day with dad sipping margaritas on the rooftop patio at one of <a href="https://www.steamboatsprings-realestate.com/blog/mexican-food-in-steamboat-springs/">Steamboat Springs' best Mexican restaurants</a>.
Find Dad The Perfect Gift in Steamboat Springs
Steamboat Springs is home to several unique boutiques and shops. So, if you're looking for a special gift for your dad, you're sure to find it here. Do some window shopping as you stroll the streets of the Downtown Steamboat Springs area.
Here are a few places to go shopping with or for your dad in Steamboat Springs:
Straightline Sports. If your dad loves to fish, this shop is sure to have something he can use.
Ski Haus. Does your dad need a fresh pair of skis? How bout a fresh wax and sharpening before the next season? The folks at Ski Haus will point him in the right direction.
F M Light & Sons. Get your dad fitted in his Western best just in time for the Steamboat Rodeo.
Bring Dad to a Summer Event in Steamboat Springs
In addition to its outdoor attractions, Steamboat Springs also hosts a number of events throughout the summer. These include a professional rode, concerts, festivals, and more. Check the town's events calendar to see what's happening during your visit. Even if they don't fall on Father's Day, they're a great way to spend time with your dad.
A few attractions your dad might love include:
Routt County Fair. This summer staple features a host of dad-approved attractions like livestock tournaments, bull riding, and auction.
Red, Whites & Brews. Live music, wine tastings, and beer samples. Did you get your dad's tickets yet?
Haymaker Golf Tournaments. Swing side by side with your dad in a tournament at one Routt County's top courses.
Plan the Perfect Fathers' Day in Steamboat Springs!
Every year, Steamboat Springs offers plenty of fun ways to celebrate Father's Day. We've put together a few ideas to help get you started, so start planning and show your dad his most fun day yet.2022-06-14T11:05:00-07:002022-07-05T15:23:37-07:00Erik Ramstadtag:steamboatsprings-realestate.com,2012-09-20:20532Should You Live in Your Rental Property? Multi-Family Investment Tips<img src="/userFiles/1597/image/living-in-multifamily-investment.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Should You Live in Your Multi-Family Investment Property?" />
Investing in real estate can have a steep learning curve at times. It can, however, be well worth the time spent learning the ins and outs of the process. People often ask whether it's a good idea to live in a <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-multi-family-homes/" title="Steamboat Springs Multi-Family Homes for Sale">multi-family investment property</a> that they own. There are some advantages and disadvantages to living in a rental property as one's primary residence. Keep reading to learn whether living in your multi-family home is a good choice for you.
Pros of Living in Your Investment Property
Landlords who like to be more hands-on with their property, whether that means keeping a closer eye on the place or having closer relationships with renters, will probably do well with a live-in situation. Living in an investment property can also simplify the owner's mortgage payments. If the right conditions are met, there are even some specific financial benefits to owner occupancy.
Simpler Mortgage Payments
Living in one of the units of a multi-family property simplifies the mortgage payment process for the landlord. Since the owner's primary residence and the investment property are the same, the owner is only dealing with one mortgage payment.
This strategy also means that rent from the tenants is paid towards the owner's mortgage. If structured correctly, a multi-family property owner can reduce their mortgage payment by as much as 50 percent when compared to the mortgage they would be paying on a single-family home. However, the property usually has to be at least a triplex in size for this to work.
Easy Access to Tenants
Some owners enjoy the prospect of being a landlord. Living on-site in one of the units makes property management that much easier. The landlord/owner is there to keep an eye on the property most of the time and is quickly available in case an emergency repair is needed. Since they're close to their tenants, owner-occupants can collect rent on time, and never need to worry about their rental property's condition because they live there full time.
If someone is new to investing in real estate, moving into one of the units can be an excellent way to figure out whether they want to be a landlord. Real estate investments often lead to making bigger property purchases with even more units. Living on-site in an initial property can help the owner decide if they have the <a href="https://rentbunk.com/six-qualities-of-a-great-landlord/" target="_blank">qualities to be a landlord</a> for a more extensive property or if they should hire a property management company.
Financial Benefits of Owner Occupancy
Owner-occupants are able to get a better deal on a mortgage. Banks are often willing to provide a lower interest rate when the owner plans to live on-site. Down payments are also lower, and the required personal guarantees on the deal are less rigorous.
And since the owner gets such a great financial deal, they can usually afford a much larger mortgage. If the owner plans to live off-site, banks can require a down payment of as much as 25 percent. The down payment can be reduced to as little as 3 percent for owner-occupants. This can represent tens of thousands of dollars in up-front costs.
One additional financial benefit was already mentioned earlier. Tenants are paying toward the owner's mortgage, so the owner-occupant's mortgage obligation can be significantly lower.
Cons of Living in Your Investment Property
<img src="https://assets.site-static.com/userfiles/1597/image/landlord-tenant.jpg" alt="Owner-Occupants Should Make Sure They're Ready for Tenant Discussions and Tax Work" style="display: block; margin: 20px auto;" />
Those were some of the benefits of living in a multi-family investment property. But what are the downsides? For one thing, an owner-occupant's tax situation can become much more complex. And that easy access that an on-site landlord has to their tenants works both ways. Here's a closer look at why being an owner-occupant might not be the first choice of some investors.
Taxes Can Become More Complicated
The complications of an owner-occupant's taxes start with the separation of personal versus business expenses. For tax purposes, the owner's residence is treated like any other primary residence, and costs for a personal residence are not deductible. However, any costs incurred on the other rental units are deductible. Keep good track of these!
The portions of the property that the owner does not occupy can also be depreciated over time, though in some cases, this may be good for a real estate investor.
Repairs add another layer of complexity. The owner-occupant cannot deduct repairs for their personal residence. Repairs made to common areas, such as a shared driveway, can be partially deducted. Any repairs made to the portions of the property rented by others are fully deductible.
Easy Access Goes Both Ways
Being an on-site landlord is not a living situation that some people will enjoy. Just as the on-site landlord has easy access to the tenants, the tenants have easy access to the landlord. Some tenants can be pushy and like to constantly bring every tiny grievance to their landlord. This can create a strained landlord-tenant relationship if the owner is not prepared.
There is also an unwritten agreement in every landlord-tenant relationship. Owner-occupants are expected to abide by the same rules as the tenants. For example, a landlord shouldn't use an on-site laundry room during hours when tenants are restricted from using it. This will be viewed as hypocrisy, no matter the owner's intent. Be prepared to live by the same rules as the tenants.
Multi-Family Rentals Are a Great Starter Investment
As long as a person has the right temperament to be an on-site landlord, a multi-family property can be a great way to get into real estate investing. The main thing before getting started is to understand all the pros and cons of living in a rental property and using it as a primary residence so that they're prepared.
2022-06-09T07:05:00-07:002022-09-26T09:02:47-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:20449Golf Near Steamboat Springs: 5 Routt County Courses & Indoor Training<img src="/userFiles/1597/image/best-golf-courses-routt-county.jpg" style="margin: 0 auto 20px auto; display: block;" alt="Best Golf Courses Near Routt County" />
Routt County might be most famous for its ski slopes, but there are dozens of other fun <a href="https://www.steamboatsprings-realestate.com/blog/best-outdoor-activities-steamboat-springs/">outdoor activities in Steamboat Springs</a> and the surrounding area. When there is no snow on the mountains, golfers love to get out on the professional-grade courses in the area. The mighty mountain views and mild weather make every golf outing incredibly relaxing during the summer and early fall months. There are five incredible golf courses in the area and a state-of-the-art indoor training facility for golfers to hone their skills in the wintertime. Let's hit the links, these are the best golf courses in Routt County.
Haymaker Golf Course
<img src="/userFiles/1597/image/haymaker-golf-course.jpg" style="width: 100%; margin-bottom: 20px;" alt="Haymaker Golf Course in Routt County, CO" />
Haymaker is a public 18-hole championship course owned and operated by the <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Homes For Sale in Steamboat Springs CO">city of Steamboat Springs</a>. Mount Werner and beautiful Yampa Valley views are available from all 18 holes. This championship course is consistently rated as one of the top courses in Colorado; Golfweek Magazine rated it #4 in the state in 2019.
The Haymaker Golf Course is pretty challenging and has four sets of tees on every hole. Many sand bunkers and water hazards (creeks and ponds) await golfers. It features tournament and league play and a golf clinic for youngsters and those who are new to the sport.
Haymaker Golf Course Additional Information
Address: <a href="https://www.google.com/maps/place/Haymaker+Golf+Course/@40.4266222,-106.8141528,15z/data=!4m2!3m1!1s0x0:0x21865861043b6234?sa=X&ved=2ahUKEwiUu8mo9ZH4AhXglmoFHVlFB9EQ_BJ6BAhkEAU" target="_blank">Haymaker Golf Course 34855 US-40 East, Steamboat Springs, CO 80487</a>
Public or private: Public
Facilities: Season passes, events, leagues and tournaments
Rollingstone Ranch Golf Club
<img src="/userFiles/1597/image/rollingstone-ranch-golf-club.jpg" style="width: 100%; margin-bottom: 20px;" alt="Rollingstone Ranch Golf Club in Routt County, CO" />
The Rollingstone Ranch Golf Club is located off Steamboat Boulevard in Steamboat Springs. The course is owned by the Sheraton Steamboat Resort and was designed by Robert Trent Jones II. Fish Creek is the main water hazard at Rollingstone, as it meanders peacefully through seven of the resort's 18 holes.
Rollingstone is a championship course, but the course was designed to accommodate players of all skill levels. Golf Digest has given the course multiple four-star ratings and once ranked it as one of the "Best Places to Play in Colorado." Stay and play golf packages are available at the resort from mid-May through mid-October each year.
Rollingstone Ranch Golf Club Additional Information
Address: <a href="https://www.google.com/maps/place/Rollingstone+Ranch+Golf+Course/@40.4693835,-106.8061948,17z/data=!3m1!4b1!4m5!3m4!1s0x87426ec603e51555:0x24750d104f5647ac!8m2!3d40.4693794!4d-106.8040008" target="_blank">Rollingstone Ranch Golf Club, 1230 Steamboat Blvd., Steamboat Springs, CO 80487</a>
Public or private: Private
Facilities: Private lessons, group lessons, Fish Creek Grille
Steamboat Golf Club
<img src="/userFiles/1597/image/steamboat-golf-club.jpg" style="width: 100%; margin-bottom: 20px;" alt="Steamboat Golf Club in Routt County, CO" />
The Steamboat Golf Club is located off US-40, just 6 miles to the west of <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Homes For Sale in Downtown Steamboat Springs">Downtown Steamboat Springs</a>. There are 100 local Members/Owners, but it is a public 9-hole course. The club has been around since 1964 and features generous fairways, challenging green shots, and beautiful views of the Yampa River.
There is a free chipping green and warmup cages available for anyone who comes to play golf here. There's also a nearby driving range. Golfers will want to watch out for the long branches and thick trunks of the mature cottonwoods on this course, which stand ready to knock down any wayward shots. Lunch and cold drinks are available on the creekside deck at the clubhouse.
Steamboat Golf Club Additional Information
Address: <a href="https://www.google.com/maps/place/Steamboat+Golf+Club/@40.5024279,-106.9146578,15z/data=!4m2!3m1!1s0x0:0x29289e40842131d5?sa=X&ved=2ahUKEwj9qf_29pH4AhUwmmoFHXNyAkkQ_BJ6BAhUEAU" target="_blank">Steamboat Golf Club, 26815 US-40, Steamboat Springs, CO 80487</a>
Golf season: Mid-May through Mid-October
Public or private: Public & private
Facilities: Convenient nine-hole course, golf carts, events
Catamount Ranch & Club
<img src="/userFiles/1597/image/catamount-ranch-club.jpg" style="width: 100%; margin-bottom: 20px;" alt="Catamount Ranch & Club in Routt County, CO" />
Head south from Steamboat Springs on US-40 and turn left on Catamount Drive to reach the Catamount Ranch & Club. The <a href="https://www.steamboatsprings-realestate.com/catamount/" title="Homes for Sale in Catamount Steamboat Springs">Catamount area</a> started as a real working ranch in the Colorado Rockies, and the owners eventually built this stunning course with the help of designer Tom Weiskopf. Catamount is a private Par 72 championship course nestled in a beautiful alpine forest.
The Audobon Society sanctions the Catamount Ranch & Club because of the close environmental design. The course takes advantage of the natural rolling hills in the area and appears as if it were found here rather than being artificially manufactured. Annual dues for the highest level membership are around $13,000, with a one-time $80,000 contribution required upon full membership. Lower-level memberships often require a waitlist for approval.
Catamount Ranch & Club Additional Information
Address: <a href="https://www.google.com/maps/place/Catamount+Ranch+%26+Club:+Golf+House+Restaurant/@40.4173189,-106.8000013,15z/data=!4m2!3m1!1s0x0:0xa3b5d8b31c53fc2a?sa=X&ved=2ahUKEwiK8_y4spn4AhWwnGoFHQN8BEYQ_BJ6BAhVEAU" target="_blank">Catamount Ranch & Club, 33400 Catamount Drive, Steamboat Springs, CO 80487</a>
Public or private: Private
Facilities: Catamount Lake, resort with a pool tennis courts, and fitness center
Yampa Valley Golf Club
<img src="/userFiles/1597/image/yampa-valley-golf-club.jpg" style="width: 100%; margin-bottom: 20px;" alt="Yampa Valley Golf Club in Routt County, CO" />
The Yampa Valley Golf Club is located in the small town of Craig in Routt County. While Steamboat Springs has more luxury homes, resorts, and low-rise condos, Craig is a suburban community with many single-family homes available. Yampa Valley is a public 18-hole course that offers an affordable golf outing. Craig is a 50-minute drive from Steamboat Springs, but it's well worth it to visit this course.
This is more of a wetlands course than some of the others in Routt County. Although they do sell memberships, this is a fully public course open from April through October, weather permitting. It's just $30 to reserve a tee time for 18 holes and an additional $20 for a golf cart rental.
Yampa Valley Golf Club Additional Information
Address: <a href="https://www.google.com/maps/place/Yampa+Valley+Golf+Course/@40.4969714,-107.5240598,17z/data=!3m1!4b1!4m5!3m4!1s0x8743a69cca79e803:0xc0de0997d2a110b8!8m2!3d40.4969673!4d-107.5218658" target="_blank">Yampa Valley Golf Club, 2179 Highway 394, Craig, CO 81625</a>
Public or private: Public
Facilities: Pro shop, gear rentals
Hanley Golf Performance Studio
<img src="/userFiles/1597/image/hanley-golf.jpg" style="width: 100%; margin-bottom: 20px;" alt="Hanley Golf Performance Studio in Routt County, CO" />
While this isn't a golf course, the Hanley Golf Performance Studio is an excellent facility in Steamboat Springs where golfers can hone their skills. LPGA Championship golfer Shannon Hanley owns this state-of-the-art studio. Shannon provides professional instruction for part of the year, and the facility has many training tools available.
An indoor golf simulator allows golfers to practice even when there is snow on the ground outside. Trackman Swing Analysis is also available. Shannon offers private lessons that combine mechanical skills, fitness, and on-course strategy for winning the game. The player education programs at the studio are geared toward golfers of all skill levels. Shannon Hanley currently splits her time between training golfers in Steamboat Springs and Port St. Lucie, Florida.
Hanley Golf Performance Studio Additional Information
Address: <a href="https://www.google.com/maps/place/Hanley+Golf+Performance+Studio/@40.5121954,-106.8589646,17z/data=!3m1!4b1!4m5!3m4!1s0x87426882de82b08b:0x64f2a6be904a09!8m2!3d40.5121914!4d-106.8544853" target="_blank">Hanley Golf Performance Studio, 2670 Copper Ridge Cir., Steamboat Springs, CO 80487</a>
Facilities: Year-round access, Trackman Golf Sumulator, Trackman Swing Analysis, private lessons for all skill levels
Routt County, CO: A Golfer's Paradise
With beauty that rivals the <a href="https://www.steamboatsprings-realestate.com/blog/best-parks-steamboat-springs/">best parks in Steamboat Springs</a>, these golf courses offer amazing outings for all golfers. The beautiful setting invites everyone outdoors to enjoy the fresh air, stunning views, and excellent golf courses open from spring through fall. Each course here has its charms and challenges awaiting. Make it your goal to play them all!
2022-06-06T11:39:00-07:002022-06-08T11:18:38-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:11176Best Walking, Hiking, and Running Trails in Steamboat<img src="/userFiles/1597/image/best-walking-trails-in-steamboat-springs.jpg" style="margin: 0 auto 20px auto; display: block;" alt="Best Walking and Jogging Trails in Steamboat Springs" />
Whether you are looking for an easy stroll by the river, a day hike to a beautiful overlook, or a multi-day backpacking trip, the <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Steamboat Springs Homes For Sale">town of Steamboat Springs</a> has something for everyone. Keep reading for a local's guide to the best walking, hiking, and running trails in Steamboat Springs.
<br /><br />
Top Hikes for All Abilities
Looking for a fun, casual hike anyone can enjoy? These trails don't require any experience or training.
Fish Creek Falls
<img src="/userFiles/1597/image/fish-creek-falls-trail.jpg" style="width: 100%; margin-bottom: 20px;" alt="Fish Creek Falls Trail Near Steamboat Springs, CO" />
Hike to one of Steamboat's most well-known landmarks: Fish Creek Falls. It's only a short 1/4-mile hike to the base of the iconic 280-foot falls. Continue for 2.5 miles to the Upper Falls and reach a beautiful overlook and picnic spot.
This more difficult hike takes 3 hours round trip and gains over 1,600 feet in elevation, so make sure to bring plenty of water/snacks. If you're feeling extra adventurous, you can hike an additional 3.5 miles to Long Lake near the Continental Divide for a 12-mile round trip adventure. This trail really does have something for all skill levels!
There's a lot more we can tell you about this great hiking spot, so be sure to check out our <a href="https://www.steamboatsprings-realestate.com/blog/hike-to-fish-creek-falls-from-the-sanctuary/" title="Hiking to Fish Creek Falls from the Sanctuary">guide to hiking around Fish Creek Falls</a>.
Parking is $5 for day use, cash or check (or take the locals' route in our guide). From Hwy 40, head north on County Road 129. After 5.5 miles, the parking lot is on the right.
Core Trail
<img src="https://assets.site-static.com/userfiles/1597/image/CORE_TRAIL.JPG" style="width: 100%; margin-bottom: 20px;" alt="Core Trail Near Steamboat Springs, CO" width="1280" height="853" />
For those looking to stay close to town, Steamboat has a paved trail that follows the Yampa River from the Mountain Area to Downtown. This 7.5-mile multi-use trail is a great way to get out of the car and see the town from a different perspective. You can stop to fly fish, watch tubers float the river, or enjoy the beauty at Yampa River Botanic Park.
Part of this trail includes the Rotary Park Boardwalk, which has a number of picnic spots, barbecue areas, and several interpretive signboards as it winds its way over the wetlands.
Spring Creek Trail
<img src="/userFiles/1597/image/spring-creek-trail.jpg" style="width: 100%; margin-bottom: 20px;" alt="Spring Creek Trail Near Steamboat Springs, CO" />
This well-traveled trail is popular among hikers and bikers alike. Take an easy 0.5 mile hike to Spring Creek Park overlooking two ponds. Here you will find covered picnic tables for lunch and an off-leash dog area. Those looking to venture further can hike the single track a little over 10 miles round trip through shaded aspen forests, flowery meadows, and across creeks to Dry Lake Campground at the top of Buffalo Pass. This is a more difficult journey, so make sure you are prepared for an entire day of hiking.
Parking is available at the intersection of East Maple Street and Amethyst Street.
Moderate to Difficult Trails
Looking for a challenge? Here are some of the best hiking trails for experienced hikers.
Emerald Mountain Quarry
<img src="https://assets.site-static.com/userfiles/1597/image/EmeraldMountainQuarry.jpg" width="2205" height="1093" />
Looking for a convenient hike in town? The hike to the quarry on Emerald is for you! This area is definitely a local favorite as it has one of the best views in town. Hike or bike up, or snowshoe in the winter!
This moderate hike takes you 4 miles round trip to a rock quarry overlooking Steamboat Springs. At the top, you will find panoramic views of Sleeping Giant clear to Mt. Werner and the South Yampa Valley. This hike is well worth the steady incline, and you can even stop into town post-hike for food or drinks at your favorite local eatery.
Emerald Mountain is a favorite of local and visiting bikers alike. boasting more than half a dozen mountain biking trails for various skill levels. If you're looking for the best biking spots and exciting biking events around Steamboat Springs, find out more at our <a href="https://www.steamboatsprings-realestate.com/blog/biking-events-in-steamboat-springs/" title="Steamboat Springs Biking Trails and Biking Events">Steamboat biking guide</a>.
From town, head south on 13th Street, take a left onto Gilpin Street, another left on Saratoga Avenue, and a quick turn on Routt Street. The trailhead is at the top of this street.
A little bit down this trail and closer to Howelsen Hill is the Sulphur Cave, which has an absolutely wild geological history. We cannot do it justice in this guide, so check out this <a href="https://www.nationalgeographic.com/science/phenomena/2016/06/03/see-the-ugly-beauty-that-lives-in-a-toxic-cave/" target="_blank">National Geographic article</a> to find out more about it. It's marked by a big fence around the cave; you can't miss it!
Mad Creek Trail
<img src="https://assets.site-static.com/userfiles/1597/image/madcreekbarn.jpg" width="4032" height="3024" />
Located just north of town, this hike will lead you to the more than 100-year old Mad Creek barn, where you can go explore what it was like living in Steamboat in the early 1900s.
While the beginning of the trail gets lots of sun and can be strenuous at times, it's well worth the 3-mile round trip adventure. When you reach the barn, you can dip your toes in the refreshing creek water, eat lunch, and explore the historical site—you can even climb up to the loft for a great view of the surrounding valley!
The trailhead is off of Routt County Road 129 (Elk River Road).
Thunderhead Trail
<img src="https://assets.site-static.com/userfiles/1597/image/ThunderheadTrail-.jpg" width="3522" height="2144" />
This trail winds up the front side of the Ski Mountain, clear to the top of the gondola. The 3.8-mile hike (one-way) can be strenuous at times but will take you through beautiful landscapes to a stunning view at the top. Make sure to stop to catch your breath and snap a few photos along the way. If you're feeling tired, you can even take the gondola back down to the bottom.
Rabbit Ears Pass Trail
<img src="https://assets.site-static.com/userfiles/1597/image/steamboat_purple_wildflowers_summertime.jpg" width="800" height="460" />
Any local can tell you that seeing the Rabbit Ears Mountain Peak is a welcomed sight during the drive back home. Hiking it is equally cool.
Make sure to hit this trail during wildflower season! You will find yourself hiking through meadows of endless flowers and across streams that lead you to a breathtaking overlook and the iconic rock formations known as the "rabbit ears." This 6-mile round trip trek is among the most beautiful in the Steamboat area and is well worth the drive to the trailhead. Make sure not to climb on the "ears" as the rock is crumbly and unsafe.
If you're looking for more great <a href="https://www.steamboatsprings-realestate.com/blog/colorados-best-wildflowers-hikes-are-in-steamboat-springs/" title="Best Wildflower Hikes in Steamboat Springs">wildflower hikes in Steamboat</a>, we've got a guide to several local favorites.
The trailhead is off of the Dumont Lake Campground turnoff on Rabbit Ears Pass.
Gilpin Lake
<img src="/userFiles/1597/image/gilpin-lake-trail.jpg" style="width: 100%; margin-bottom: 20px;" alt="Gilpin Lake Trail Near Steamboat Springs, CO" />
Definitely one of the most difficult and farthest away hikes on this list. This 9-mile round trip hike will take you through some of the most beautiful scenery the Yampa Valley has to offer. Situated in the Mount Zirkel Wilderness, this trek leads you to Gilpin Lake—a gorgeous alpine lake surrounded by towering peaks and lush landscape. This iconic hike should absolutely be on your list if you have the time for an adventure outside of Steamboat.
The trailhead is located off of Seedhouse Road in North Routt.
Uranium Mine Trail
<img src="https://assets.site-static.com/userfiles/1597/image/UraniumMine.jpg" width="3508" height="2144" />
Just 4 miles outside of town, the challenging <a href="https://www.steamboatpilot.com/explore-steamboat/the-uranium-mine-trail-a-hike-through-history/" target="_blank">Uranium Mine Trail </a>offers just over 3 miles of out and back action that appeals to experienced hikers. Not only will the body get a workout, but the vistas are simply superb in the summer. The canyon walls are flecked with foliage, wildflowers, and aspen trees.
Various <a href="https://www.steamboatsprings-realestate.com/blog/what-animals-can-you-see-in-steamboat-springs/" title="Animals you can see in Steamboat Springs Colorado">Steamboat Springs wildlife</a> can often be spotted along the trail, so have a camera ready. Of course, many have a primary goal of reaching the basin where the trail ends at an old 1050s uranium mine constructed during the Cold War.
Unless guests have a national parks pass, there is a $5 entry fee.
Bonus: The Continental Divide Trail
<img src="/userFiles/1597/image/continental-divide-trail.jpg" style="width: 100%; margin-bottom: 20px;" alt="Continental Divide Trail Near Steamboat Springs, CO" />
One of the world's best thru-hikes passes right next to Steamboat Springs! Steamboat is one of just five communities in Colorado that's an official CDT Gateway Community.
Those who have hiked Fish Creek Falls all the way to Long Lake are most of the way to the <a href="https://www.steamboatchamber.com/activities/hiking/continental-divide-trail/" target="_blank">Continental Divide Trail</a>; the two trails intersect just west of Round Lake, where the Fish Creek Trail becomes the Percy Lake Trail. Thousands of visitors use the Continental Divide Trail for hiking, horseback riding, biking, and other activities each year, and it's the highest and most challenging of America's 11 National Scenic Trails. Hikers determined to tackle the whole trail travel 3,100 miles from Mexico to Canada over an average of six months!
Get Ready for Adventure in Steamboat Springs
What are you waiting for? Get outside and explore the natural beauty that these mountains have to offer. Happy Trails!
2022-05-02T11:30:00-07:002024-02-26T11:23:39-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:197315 Fun Things to Do With Kids in Steamboat Springs: Kids Love The Boat!<img src="https://assets.site-static.com/userfiles/1597/image/things-to-do-with-kids-steamboat-springs.jpg" style="margin: 0 auto 20px auto; display: block;" alt="Things to Do With Kids in Steamboat Springs" />
Steamboat Springs in northern Colorado is a stunningly beautiful, world-renowned ski destination. Aside from its adrenaline-pumping winter sports and spectacular mountain scenery, the <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Steamboat Springs Homes For Sale">city of Steamboat Springs</a> has plenty to offer in any season — especially for children.
Known for its 150-plus natural mineral springs, the Rocky Mountains, and the Yampa River, Steamboat Springs has no shortage of <a href="https://www.steamboatsprings-realestate.com/blog/best-outdoor-activities-steamboat-springs/">ways to enjoy The Great Outdoors</a>. That's hardly all, though; there's also plenty to do indoors in this mountain community, no matter what someone is interested in. Keep reading to discover five things to do with kids in Steamboat Springs, Colorado.
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Escape the Crooked Key Rooms
<img src="https://assets.site-static.com/userfiles/1597/image/escape-room.jpg" alt="Enjoy an Escape Room in The Crooked Key" style="margin-bottom: 30px;" />
Escape rooms have become wildly popular worldwide in the last several years, and it's easy to understand why: they're interactive, challenging, suitable for a wide range of ages, and require teamwork. Plus, players can go several times and have different experiences with each visit.
<a href="https://crookedkey.com/" target="_blank">The Crooked Key</a> in Steamboat Springs offers an especially unique experience, with four individual escape rooms and indoor and outdoor game options. The Crooked Key's escape room experiences include:
Taphophobia: An Edgar Allen Poe-themed escape room with no physical locks
Escape the Old West: You're an escaped convict who gets re-captured and has to try to escape — again
Flashover!: Pretend to be firefighters who have to rescue several pets as you complete a series of mental and physical challenges
Key to the City: The Crooked Key's newest game, this one is played entirely outdoors in <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Downtown Steamboat Springs Homes For Sale">downtown Steamboat Springs</a>
This Steamboat Springs escape room offers a completely private experience for individual groups, so it's a way to enjoy something different. Games are available seven days a week, but because it's a private experience, players must reserve their specific escape room and time in advance.
Have Fun at Snow Bowl
<img src="https://assets.site-static.com/userfiles/1597/image/bowling.jpg" alt="Enjoy Games and Food at the Snow Bowl" style="margin-bottom: 30px;" />
A longstanding locals' favorite establishment, <a href="https://snowbowlsteamboat.com/" target="_blank">Snow Bowl</a> has been around since 1977 but was completely redesigned in 2019. The state-of-the-art bowling center features 12 lanes, arcade games, a restaurant and bar onsite, frequent live music performances, and a dog-friendly patio. This isn't just any dog-friendly patio — it's an 8,000-square-foot outdoor turf area. Snow Bowl staff even puts out chew toys and kid pools on Sundays! Pet adoption events are frequently held on-site as well.
The food at Snow Bowl focuses on elevated pub fare, and the reviews prove that it's some of the best around. Enjoy burgers, nachos, wings, and more while sipping on a beverage, listening to great music, and taking turns trying to get a strike.
Snow Bowl charges per lane, per hour — not per person — so gather your crew and enjoy bowling with up to six people per lane. Exact pricing varies depending on the day of the week and ranges from $20-$40 per lane per hour.
Snow Bowl is closed on Mondays and Tuesdays. In addition to individual and group bowling, Snow Bowl also offers league play. While reservations aren't required, they are highly recommended.
Explore the Bud Werner Memorial Library
<img src="https://assets.site-static.com/userfiles/1597/image/at-library.jpg" alt="Enjoy Events at the Bud Warner Memorial Library" style="margin-bottom: 30px;" />
More than "just" a library, the <a href="https://steamboatlibrary.org/" target="_blank">Bud Werner Memorial Library</a> is a pillar of the Steamboat Springs community. The library hosts many community events throughout the year, offers an extensive selection of educational programs, and even sells used books.
A sampling of the library's public events include:
Sunday Stories, an interactive singalong and storytime designed for children ages 1-5
Crafty Tales, a program for children ages 2-5 that pairs a simple (but often messy — in a good way) craft with a themed story
Tween Book Club, for boys and girls ages 8-12
Cuddly Buddies, where children of all ages are encouraged to bring a favorite stuffed toy along for a relaxing pre-bedtime evening of storytelling
Film Festivals, monthly film-viewing events centered around a theme, such as "Reel Rock," rock climbing films
The Bud Werner Memorial Library is particularly well-known for offering youth programs. Parents and guardians will find reading challenges, book clubs, story and craft times, contests, and more throughout the year. One unique offering is StoryWalk Steamboat Springs, an initiative that combines the community's love of The Great Outdoors with a focus on early literacy.
Steamboat's library is open seven days a week and even offers convenient curbside pickup for books and other items reserved online ahead of time.
Relax at Old Town Hot Springs
<img src="https://assets.site-static.com/userfiles/1597/image/hot-springs.jpg" alt="Enjoy the Warmth of Old Town Hot Springs" style="margin-bottom: 30px;" />
Of course, no list of <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-things-to-do/">things to do in Steamboat Springs</a> could be complete without mentioning the town's natural hot springs! <a href="https://oldtownhotsprings.org/" target="_blank">Old Town Hot Springs</a> is a beautiful place to spend a day in any season, as it's open every day except for Christmas and Thanksgiving.
In the heart of downtown Steamboat Springs, visitors can enjoy several 100-plus-year-old natural mineral springs, including some with soothing spa jets, some designed specifically for adults, and some that are family-friendly, offering fun water features and even a unique aquatic climbing wall.
In addition to the mineral hot springs, visitors to Old Town can take state-of-the-art fitness classes, use the rock climbing wall, or even get a massage. Perhaps best of all, though, are the two giant 230-foot-long water slides.
Old Town Hot Springs offers daily single-use admission passes and membership packages for residents and frequent visitors.
Visit Burgess Creek Beach
<img src="https://assets.site-static.com/userfiles/1597/image/burgess-creek-beach.jpg" alt="Enjoy the Sands of Burgess Creek Beach" style="margin-bottom: 30px;" />
Many people don't know that sandy beaches exist in the Rocky Mountains. Yet, sandy, scenic <a href="https://www.steamboat.com/things-to-do/activities/burgess-creek-beach" target="_blank">Burgess Creek Beach</a> is one of Steamboat Springs' best hidden gems. Nestled at the base of the mountain near the Steamboat Ski Area, this beach — and its picture-perfect waterfalls — is perfect for children to splash around while the adults watch nearby as they relax in an Adirondack chair.
The natural stream flows from the mountains, providing a chilly, refreshing way to cool off on hot summer days. The scenic mountain views surrounding visitors insist that they relax and take it all in, so this is a perfect location for a group picnic. Several small beach areas span between Slopeside Grill and <a href="https://www.steamboatsprings-realestate.com/one-steamboat-place-condos/" title="One Steamboat Place Condos for Sale">One Steamboat Place</a>, so it's easy to find a little slice of paradise to relax in and enjoy, even on crowded days.
Burgess Creek Beach is also pet-friendly, so bring the dogs along to cool off.
So Many Things to Do With Kids in Steamboat Springs
Whether you live in Steamboat Springs, Colorado, you'll find plenty of activities to do with kids. From relaxing, quiet days reading or crafting in the local library to an exciting night spent trying to unlock challenges in The Crooked Key escape rooms or even an afternoon relaxing on the community's very own beach, Steamboat Springs has something for everyone.
2022-04-18T07:10:00-07:002023-07-06T10:13:17-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:180054 Steamboat Springs Luxury Condos With Amazing Amenities: Hot Tubs, Heated Pools & Ski-In Perks<img src="/userFiles/1597/image/steamboat-luxury-condos-amenities.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Steamboat Springs Condos with Amazing Amenities" />
Steamboat Springs is one of those distinctive vacation destinations that promises year-round adventures. Although Steamboat is a prime ski resort town in the winter, its summer appeal to hikers and bikers is just as stellar. A growing number of part-time residents and vacationers find its appeal during spring and fall just as enticing. As a result, <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-luxury-condos/" title="Steamboat Springs Luxury Condos For Sale">Steamboat Springs luxury condos</a> have growing appeal as primary residences and vacation getaways. Looking for the best of the best? Keep reading to learn about four Steamboat luxury condo communities with amazing amenities.
Torian Plum: A Ski-In, Ski-Out Dream With Hot Tubs
Situated at the base of Steamboat Ski Area, <a href="https://www.steamboatsprings-realestate.com/torian-plum-condos/">Torian Plum condos for sale</a> are the gold standard for mountainside living. With 65 rental condos with one to five bedrooms, each has fully equipped kitchen facilities and a gas fireplace, a private balcony, and garage parking. The ski-in, ski-out appeal is bolstered by the onsite hotel-style amenities, including an outdoor heated pool and hot tubs with great views and indoor hot tubs and sauna. Some furnished units are available, but most owners prefer to select their own <a href="https://www.steamboatsprings-realestate.com/blog/interior-design-tips-for-luxury-condos/">luxury condo interior design</a>.
In addition, guests have a state-of-the-art fitness center available for use, as well as a business center with guest computers and a meeting area that makes Torian Plum a perfect choice for reunions or corporate retreats. There's also an onsite ATM -- what could be more convenient? Its unique location makes it possible to walk to popular Plaza shops or eateries. In addition, ski-season shuttles are available to whisk guests to popular destinations in Steamboat for shopping, dining, or nightlife.
A full-service front desk clerk will greet you upon arrival, and the staff will ensure that your time there exceeds all expectations.
Alpenglow: Chic Downtown Townhomes With a Ski Shuttle
One and two-bedroom suites and two or three-bedroom townhomes are the available options at the <a href="https://www.steamboatsprings-realestate.com/alpenglow-townhomes/" title="Alpenglow Townhomes For Sale">Alpenglow Townhomes</a>. Each residence includes full kitchen facilities, media installations that include a flatscreen television with cable, HBO and a DVD player, stereo with CD, phones with voicemail, complimentary wireless internet, a gas fireplace, and a private balcony and a private carport for your vehicle.
Private laundry facilities, grills, and ski lockers in Gondola Square are available for guests in a convenient location only one block from the free city ski shuttle. Air conditioning is provided during the summer, with daily housekeeping during the winter.
Located at 601 Lincoln Avenue in <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Downtown Steamboat Springs Real Estate">Downtown Steamboat Springs</a>, these contemporary units range from 1292 to over 1800 square feet and reflect a blend of rugged, old-West flavor and urban sophistication. The result is unique and inviting, allowing you to experience Steamboat Springs as a uniquely-interesting Rocky Mountain retreat.
Want to live in a Steamboat luxury condo with great amenities? View all <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-luxury-condos/">Steamboat Springs luxury condos for sale</a>.
Edgemont: A Slopeside Oasis With a Heated Saltwater Pool
Stunning views and pampering amenities are the hallmarks of the coveted <a href="https://www.steamboatsprings-realestate.com/edgemont-condos/">Edgemont condos for sale</a>. Complimentary concierge services, a heated saltwater pool and hots, a dedicated ski locker complete with boot dryers, and a host of other beautiful features, including spectacular equipped master baths and gourmet kitchens in the condo units lift this vacation destination out of the realm of the ordinary.
Not only does the community boast a private lounge for your pleasure, but it has an outdoor firepit for kicking back and relaxing after a day on the slopes, a fitness center to relieve some of the kinks of a day outdoors in the snow, and a winter courtesy shuttle to allow you to explore the best things about the city (other than the mountain).
With the availability of one to six-bedroom condominiums, you're sure to find a floor plan to suit you. Whether you come as a couple, a family, a group of friends, or business associates, you'll be pleased by the variety of accommodations available at Edgemont. Located on Stampede ski run, one of <a href="https://www.steamboatchamber.com/blog/post/15-of-the-best-ski-runs-at-steamboat-resort/" target="_blank">Steamboat's best runs</a>, Edgemont represents the height of sophistication in a luxury property adjacent to Bear Claw II.
Howelsen Place: Legendary Downtown Condos With Heated Parking
<img src="https://assets.site-static.com/userfiles/1597/image/condo-living-room.jpg" alt="Luxury Condo Living Room" style="float: right; max-width: 400px; padding: 0 0 10px 10px; background-color: #fff;" />The name Carl Howelsen is legendary in Steamboat and throughout the ski world. The one-time world ski-jump record holder and prominent resident at the turn of the century are today honored with a bronze statue outside of the <a href="https://www.steamboatsprings-realestate.com/howelsen-place-condos/">Howelsen Place condos for sale</a>, situated at the site of the former Harbor Hotel at 7th and Lincoln. This Downtown Steamboat location puts people right at the heart of the vibrant city culture and close to everything happening in this distinctive city.
You can catch the free shuttle to the slopes and stow your gear at the Gondola Ski Club ski lockers at Gondola Square during ski season. When you stay in the heart of Steamboat, you can easily walk to restaurants and bars, shops and sights, explore the Yampa River Botanic Park, take in a movie, or venture farther afield on a bike ride or a drive. Whether you come for a ski vacation or a midsummer getaway, whatever suits your fancy is available to you.
Choose from 42 residential flats with one, two, or three bedrooms. Each provides a comfortable lifestyle with modern kitchens, large windows, gas fireplaces, central air, and spacious, open floor plans with chic decor. Additional amenities include heated underground parking, elevator service, and onsite laundry facilities.
All guests at Howelsen Place also have privileges at the common area grill located in the courtyard of the Lincoln Building.
Ready to Enjoy a Seasonal Getaway?
The appeal of <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/">Steamboat Springs real estate</a> isn't limited to a single season, a single sport, or a single mindset. Come to explore the vibrant beauty of the mountains and the friendly spirit of this distinctive mountain town, no matter what time of year you choose or how much time you have to spend. With so many fun things to do, there's something for everyone in Steamboat, and luxury condos are one of the best ways to enjoy it all.
2022-02-07T13:45:00-07:002022-02-15T09:01:06-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:178254 Most Horse-Friendly Neighborhoods in Steamboat Springs<img src="/userFiles/1597/image/steamboat-springs-horse-neighborhoods.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Neighborhoods Zoned for Horses in Steamboat Springs" />
Visitors tend to come to Steamboat Springs, CO, for the spectacular skiing in the winter. However, many decide to stay and put down roots when they discover the slower pace of life, lack of crowding, and idyllic lifestyle that this rural mountain town has to offer. Many Steamboat neighborhoods have horse-friendly zoning, and many properties for sale have enough acreage for buyers to finally realize the dream of horse ownership. Here are some neighborhoods around Steamboat Springs that are perfect for those who want to own a <a href="https://www.steamboatsprings-realestate.com/steamboat-horse-properties/" title="Steamboat Springs Equestrian Properties For Sale">Steamboat Springs horse property</a>.
Saddle Mountain Ranch
The Saddle Mountain Ranch is just minutes west of Steamboat Springs along US-40. <a href="https://www.steamboatsprings-realestate.com/saddle-mountain-ranch/" title="Saddle Mountain Ranch Homes For Sale">Homes in Saddle Mountain Ranch</a> all offer expansive views of the beautiful countryside and mountains in the distance. Most of the homes feature a minimum of 5 acres of property, up to 35 acres in some cases. There is a wide range of types of homes for sale here, too. Whether a homebuyer is looking for a rustic 2-bedroom cabin getaway or an expansive 3-story <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-mountain-view-homes/" title="Steamboat Springs Mountain View Homes For Sale">mountain view home</a>, there is something likely to suit them.
The <a href="https://www.saddlemountainranch.com/" target="_blank">Saddle Mountain Ranch</a> itself is also a big draw for horse owners in this neighborhood. The ranch offers horse boarding facilities and Western and English riding lessons. It has indoor and outdoor training arenas for those who want to increase their equestrian or barrel racing skills. Heated and covered viewing areas are available for anyone who boards their horse at the ranch. Boarders also get their own private storage locker for saddles and tack, cross ties and bars, and access to many of the facility's training areas.
South Valley
South Valley is a large geographic area that borders the southern end of Steamboat Springs. There are several elevated luxury housing developments in South Valley that are situated far back from US-40. The elevation affords stunning views of Yampa Valley and the surrounding area. The Priest Creek Ranch is a land preservation subdivision where homeowners share 300 acres of common land and a large communal barn for their horses. There are also many individual properties for sale in South Valley, starting with 5-acre lots and growing from there, so this is a good choice for those looking for <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-homes-with-acreage/" title="Steamboat Springs Homes With Acreage For Sale">homes with acreage</a>. <a href="https://www.steamboatsprings-realestate.com/south-valley/" title="South Valley Homes For Sale">Homes for sale in South Valley</a> tend to be in the luxury segment.
Subdivisions in South Valley tend to have exclusive amenities geared toward horse owners. Camping, fishing, limited hunting, and horseback trails through the foothills and mountains are easily accessible in South Valley.
Ready to live in a horse-friendly neighborhood? View all <a href="https://www.steamboatsprings-realestate.com/steamboat-horse-properties/">Steamboat Springs horse properties</a>.
Alpine Mountain Ranch & Club
The <a href="https://www.steamboatsprings-realestate.com/alpine-mountain-ranch/" title="Alpine Mountain Ranch Homes For Sale">Alpine Mountain Ranch subdivision</a> is next to the ski resort, just south of Steamboat Springs. It has more than 1,200 acres of land available for custom home development on 5-acre lots, as well as several existing <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-luxury-homes/" title="Steamboat Springs Luxury Homes For Sale">luxury homes for sale</a>. Expansive views of Yampa Valley are available with all of the potential build sites.
The Alpine Mountain Ranch & Club is a designated subdivision with 63 home sites, each on its own 5-acre lot. The ranch has 900 acres of open space on it that is exclusively available for residents who own horses. There is also a wildlife preserve on the property. The Club has on-site equestrian facilities and several miles of country trails for horseback riding. There is also a community barn that residents share, which has a tack room and staging area. The Club even has some fenced pastures available for residents to turn out their horses during the warmer months.
Marabou Ranch
<img src="https://assets.site-static.com/userfiles/1597/image/horse-in-enclosure.jpg" alt="Boys Feeding Horse" style="float: right; max-width: 400px; padding: 0 0 10px 10px; background-color: #fff;" />Marabou Ranch is a 1,700-acre development just a few minutes' drive west of Steamboat Springs. Most of the remaining <a href="https://www.steamboatsprings-realestate.com/marabou-ranch/" title="Marabou Ranch Homes For Sale">properties in Marabou Ranch</a> are undeveloped homestead sites, awaiting the right owner who wants to build their own luxury ranch home. There are also a few luxury cabins for sale at Marabou Ranch.
Equestrian programs take center stage at Marabou Ranch, led by World Title holder and professional steer wrestler Chad Bedell. Mr. Bedell serves as the Ranch Manager and Horseback Master Guide. The ranch has many amenities for horse owners, including a rodeo arena, 20 miles of equestrian trails, a horse barn, a corral, and a full-sized riding arena. A world-class lodge is available for Marabou Ranch homeowners, featuring year-round activities, a spa, and a pool and fitness center.
Sidney Peak Ranch
The <a href="https://www.steamboatsprings-realestate.com/sidney-peak-ranch/" title="Sidney Peak Ranch Homes For Sale">Sidney Peak Ranch neighborhood</a> is one of the few gated ranch communities in the Steamboat Springs area. The ranch has 32 homesites and 1,500 acres of managed ranch property overall, just a 7-minute drive from the base of the ski resort in Steamboat Springs. The Homeowner's Association fees for the ranch take care of a lot of the maintenance and chores on this fully working ranch. That includes summertime irrigation of hay fields, fence maintenance, landscaping, ranch security, and a backup alarm system for all properties.
Sidney Peak Ranch has a world-class equestrian facility on the grounds, which includes horse boarding, a full-sized indoor arena, paddocks with run-in sheds, a cross-country jumping course, and much more. The ranch also has several miles of designated horseback-only riding trails for residents.
Live the Ranch Lifestyle in Steamboat Springs, CO
Depending on the kind of lifestyle a horse owner wants, the ranch communities and rural subdivisions in Steamboat Springs offer a little something for everyone. From rustic cabins to luxurious and sprawling three-story homes, most of the properties described here have a minimum of 5 acres of open space on them, giving owners plenty of room to make home upgrades to accommodate horses. And for those who want to build their custom dream ranch, there are numerous homesites available on the various ranches and communities in the area.
2022-01-31T09:37:00-07:002023-08-03T06:36:19-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:17847Horse Shelters Explained: Pros & Cons of Barn Stalls vs. Run-In Sheds<img src="/userFiles/1597/image/stalls-vs-run-in-shelters.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Should You Use a Run-In Shelter or Stalls?" />
Those who wish to keep horses may be debating whether to build a run-in shed or a barn with stalls for their animals—or both. The best option for horse owners often depends on factors like individual horse needs and temperaments and the owner's desired level of maintenance responsibility, so there's not a one-size-fits-all answer. Keep reading for an overview of the pros and cons of stalls and run-in sheds to help decide what kind of shelter to build on your <a href="https://www.steamboatsprings-realestate.com/steamboat-horse-properties/" title="Steamboat Springs Horse Properties For Sale">horse property</a> when preparing your property for horses.
Why Run-In Sheds are Great
There are quite a few benefits to building a run-in shed that range from having healthier livestock to allowing them to get exercise unmanned. Staying in motion is not only natural for equines, but it's a must to ensure they remain healthy.
Standing around all day in an individual stall can have repercussions. According to a University of Nottingham study about the <a href="https://beva.onlinelibrary.wiley.com/doi/full/10.1111/j.2042-3306.2011.00399.x" target="_blank">effects on horses kept in stalls versus pastures</a>, restrictions on a horse's ability to move around at will can make it more prone to gastric ulcer syndrome and colic. Also, as with humans, running is excellent for a horse's respiratory system, so one that is given a chance to run free will have healthier lungs and typically feel better and happier as a whole from the exercise. Sheds allow owners and caretakers a break from routine exercise with their horses because they can go outside anytime the shed door is open.
Overall, run-in sheds establish an environment that requires much less work than a stable does. After all, the animals will likely leave less mess in the shed if they spend less time in it. If daily cleaning isn't desired or possible, then run-in stalls are a great option. Another benefit to this setup for equines is that if a fire or other emergency breaks out, they can safely escape without depending on the owner's arrival.
Last but not least, one of the benefits of having run-in sheds for horses is that these installations typically cost much less and are much easier to move from one location to another when necessary.
Disadvantages of Run-In Sheds
Despite all those positives, there are a few potential disadvantages to choosing run-in sheds for horses. For starters, severe weather can pose a threat to animals in an open shed, while a barn with stalls keeps them safe from the elements.
Another reason that some horse lovers avoid sheds is that it's easier to separate horses with a stalled barn setup. Sometimes, horses just don't get along, and they'll be safer and happier when separated. It may also be more challenging to isolate a specific horse in a shed setup if necessary for a specialized diet or health care concerns.
Reasons to Favor Horse Stalls
<img src="https://assets.site-static.com/userfiles/1597/image/horse-stall.jpg" alt="Why to Use Horse Stalls" style="float: right; max-width: 400px; padding: 10px; background-color: #fff;" />Choosing to install a barn with stalls that separate the horses to some degree has a number of benefits. First, it enables owners and caretakers to regulate and monitor horse feed consumption. This can be highly important for those who have animals with special dietary needs, as well as those who show horses or compete with them in races. Being able to customize each horse's diet can have various benefits, especially when keeping horses of differing breeds, sizes, ages, and more.
Stalls keep horses insulated from the elements because the doors can be closed off, keeping off the wind, rain, and cold. Some horses don't like being kept indoors, even when the weather is rough outside, but having a stall to keep them warm can sometimes be in their best interest.
Furthermore, these spaces typically have enough room for feed zones, washing stalls, tack rooms, and haylofts. This keeps horses and their home base much cleaner overall. Another advantage is in situations where one horse gets sick and needs to be separated from the other animals to prevent the spread of illness or disease until they recover.
Disadvantages of Horse Stalls
When animals are in a stall all day, they naturally do their "business" there. Even with hay, chips, or absorbent materials in place, horses are notorious for having messy stalls that require daily cleaning of the flooring and bedding to prevent contracting illnesses such as white line disease. Ventilation may also be more of a health concern with stalls than open sheds.
Beyond letting the horses run free for health and cleanliness reasons, equines tend to be less troublesome and happier overall when they aren't pent up all day. Bored horses may act out, so letting them run amuck in the field and soak in the fresh air can be an essential daily task.
Decision Time: Is a Run-In Shed or a Stall Better For Your Horses?
In seasonal climates like those in Colorado, horse owners might opt to have a small version of both a shed and a stalled barn. However, those looking for an optimal year-round solution with one installation will need to evaluate the mannerisms of their herd and the temperament of currently sheltered equines. Ultimately, both options serve most horses' needs well, but these tips should get equestrian owners on the right path to making a solid decision.
2022-01-28T07:30:00-07:002022-08-23T11:06:09-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:17780Preparing Your Property For a Horse? Discover 4 Home Upgrades You Need<img src="/userFiles/1597/image/property-improvements-for-horses.jpg" style="display: block; margin: 0 auto 20px auto;" alt="How to Prepare a Horse Property for Horses" />
Some people board their horses. Others often leave them with their trainer. While there's nothing wrong with either preference, nothing beats keeping a horse on your property. It means seeing your equine friend whenever you peep out the window, creating more bonding opportunities, encouraging you to be physically active, and saving a ton of money in boarding costs. But just because you have a spacious <a href="https://www.steamboatsprings-realestate.com/steamboat-horse-properties/" title="Steamboat Springs Horse Properties For Sale"> horse property</a> doesn't mean it's equine-ready. Keep reading to learn how to prepare a horse property for horses.
Construct a Stable or Run-in Shed
Like you, horses also need shelter from the rain, wind, and inclement weather. They also need round-the-clock access to a safe, dry, comfortable haven to rest. That is why every equine-lover looking to keep a horse on their property needs to set up shelter before buying a horse.
While there are plenty of options, most horse owners choose between run-in sheds and stables as the most popular. A run-in shed is typically a small, three-sided building with free-choice access, meaning the horse chooses when to stay in the shelter. As a result, it gets enough exercise since it's free to run around at all times. It also means minimal equine maintenance since a run-in shed doesn't need to be cleaned as often, plus there's a reduced risk of a fire.
Run-in-sheds are also relatively easy to construct, and horse-owners can even purchase ready kits that only require minimal assembling. If you choose to design a run-in shed from scratch, ensure it has a large front opening so all horses can easily access the lot. Use suitable materials, ensure proper ventilation, and, most importantly, make sure it has a comfortable, solid footing.
If your lot is short on space or a stable is simply a more attractive idea, a stable is an excellent alternative. Stables offer complete shelter from the weather elements, facilitate seamless horse grooming and care, and make it easy to track food consumption. A horse stable also enables owners to separate horses easily if they don't get along.
Prepare a Water Supply Area
An equine deprived of feed can technically survive up to 25 days, but one lacking water can only last six. This is because water is essential to all metabolic and even physiological processes in a horse, including digestion, joint lubrication, and muscle contractions, to mention just a few. Horses thrive on proper hydration, and lack thereof increases the risk of serious ailments such as colic.
So, before you excitedly bring your equine-friend home, ensure you have a reliable water supply source. It should have plenty of water, as an <a href="https://extension.psu.edu/how-much-drinking-water-does-your-horse-need" target="_blank">average horse takes about 5 to 10 water gallons</a> daily, and this may increase up to 18 to 24 gallons depending on its work, size, feed type, type of training, or the air temperature of the area. When it's cold, for instance, a horse's water intake decreases, which may hurt its health. So, beyond providing a reliable water supply, owners looking to keep their horse on their property should find ways to keep the water warm, such as using heated water buckets, automatic watering units, and electric or propane stock tank heaters.
Choose the Right Fence for the Pasture
<img src="https://assets.site-static.com/userfiles/1597/image/horses-behind-fence.jpg" alt="Horses Behind Pasture Fence" style="float: right; max-width: 400px; padding: 0 0 10px 10px background-color:#fff;" />Like shelter and water, quality fencing is non-negotiable when keeping an equine on your property. Because they're strong, fast, and tend to fight if caught in a fence, horses require not just strong but also highly visible fencing to keep them safe and contained. If they can see the fence, the horse is less likely to run into it on accident.
Generally, fencing built to contain a horse should be at least five feet tall for light breeds and at least 6 feet for taller, stronger horses that can easily jump shorter fences. It should also have enough spacing between posts, and if possible, install a single electric wire to discourage horses from leaning on or scratching the fence.
As for the material, your options run wide and include wooden board fences, pipe, wire, PVC, electric, and more. Each has its unique perks and disadvantages. For instance, while highly visible, wooden fences are often susceptible to weather and horse teeth damage, while V-mesh wire fencing is incredibly safe but costly. Electric horse fences are easy to install and will physically deter the horse from coming close, but the majority feature parallel conducting wires which tend to break easily. Review available fencing options to determine if they fit your horse.
Evaluate Grazing Needs and Prepare Food Storage
If you plan on letting your horse forage through the pasture, quality grazing land is of the essence. Usually, how much land a horse needs varies depending on its breed and the condition of the forage. Large and hot-blooded breeds often require large and nutrient-rich feeds. That means if your equine friend falls in this category, you need more grazing land with nutritious ground cover to sustain it.
The amount of land required also depends on the number of horses one owns and the management and care they need. For instance, horses raised in a breeding program often require more extensive care than tamed wild mustangs that can generally fend for themselves. The location matters as well, but generally, an average horse needs at least two acres of well-maintained pasture to thrive. Also, note that while a horse grazing on quality pasture won't need much hay, it's a good idea to supplement pasture grazing with other feeds such as hay or legumes. They often contain roughage and other nutrients not available in the forage. Always store hay and other forms of horse feed in a cool, dry, and well-ventilated environment to preserve the nutrient content and prevent contamination.
Keeping a Horse on Your Property
Even though keeping a horse on your property comes with pretty excellent perks, that doesn't mean you can do it blindly. For the comfort and wellbeing of your equine friend, ensure you create proper shelter and properly fence your land to keep it safely contained and have a reliable water source, as horses can take quite a lot of water. Evaluate the pasture quality, and incorporate supplements in your horse's diet for the best results. When you have a good idea of what needs to be done to prepare a property for horses, finding the perfect home in a neighborhood with horse-friendly zoning becomes much more straightforward.
2022-01-27T12:05:00-07:002022-01-27T13:13:45-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:17183Buying a Condo vs. Renting: What's Best For You?<img src="/userFiles/1597/image/buying-vs-renting-condo.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Should You Buy or Rent a Condo?" />
The question of whether it is better to buy or rent a condo is a challenging one to answer. There are pros and cons to both choices, and ultimately the decision depends on each individual's circumstances. However, there are some general considerations that can be helpful in making the decision. Read on to learn more about a few factors that can help those in the market for a condo make an informed choice.
If You Own a Condo, You Can Rent it Out
While renting has definite perks, buying a <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-condos/" title="Steamboat Springs Condos For Sale">condo</a> is undoubtedly the way to go if investing in a secondary residence or a vacation home. Owners can always rent it out and earn passive income whenever they're not using it. And it's likely to earn superb returns. Take a moment to <a href="https://www.steamboatsprings-realestate.com/buyers/mortgage-calculator/">calculate your estimated mortgage payment</a>; some renters and buyers might find that the difference in monthly payments isn't as much as they thought.
Condos in excellent locations pull in crowds of adventure-seekers and nature lovers who want to pursue outdoor activities or explore local attractions. These factors make it attractive to tourists year-round, facilitating a flow of potential vacation condo renters every season and, as a result, fantastic profits for rental condo owners. What's better is that owners still get to enjoy the condo whenever they need it.
To make it even more attractive to renters, consider the condo's location, amenities offered, size, and condition. Since it's essentially an investment property when it's rented out, review the rental income history (if any) to evaluate potential profitability.
If You Own a Condo, You Can Build Equity
<img src="/userFiles/1597/image/buying-or-renting-condo.jpg" style="float: right; padding: 10px 0 10px 10px; width: 400px;" alt="Is it Better to Buy or Rent a Steamboat Springs Condo?" />Unlike renting, buying a condo allows the owner to build equity. In addition, in high-demand areas, owners may be able to grow<a href="https://www.nerdwallet.com/article/mortgages/home-equity-explained-matters" target="_blank"> home equity</a> much faster than they would in other areas. That means with consistency in mortgage payments, a condo buyer can soon use their equity to refinance and complete their current mortgage, gaining complete ownership over the unit. For those renting out their condo, renters are essentially paying the owner's mortgage payments.
One can also use the funds to remodel or make upgrades that make the condo more attractive to renters and increase profitability, or buy a second investment property. Owning rather than renting also allows more personalization of a space; for example, building a sports gear closet to <a href="https://www.steamboatsprings-realestate.com/blog/condo-design-ideas-to-maximize-space/">maximize space in the condo</a>. In a nutshell, there are plenty of perks in building equity in a home, and buying a condo is a great first step to start enjoying them.
If You Rent a Condo, You Can Avoid Homeownership Costs
While buying has its benefits, renting a condo has its share of advantages, too, one being that renters don't have to worry about homeownership costs. Since most condos in the area are part of an HOA or condo-owner community, owners are often expected to pay an annual HOA fee to cover <a href="https://www.steamboatsprings-realestate.com/blog/condo-owner-maintenance-responsibilities/">condo maintenance responsibilities</a> and ongoing community projects. The fees might also cover waste pickup, water, and sewage management services.
While the exact monthly fee varies depending on the community and the condo, HOA fees can range between $200 and $300 per month. Besides HOA fees, owning a condo also makes one responsible for homeowner's insurance and ongoing indoor maintenance expenses. When renting a condo, renters can avoid such costs.
So, Should You Buy or Rent a Condo?
Even though the better option between buying or renting a condo typically comes down to individual needs and situations, buying often offers excellent benefits over renting. For instance, while the upfront costs might seem high, owners stand to save more in the long run when they buy a condo since long-term renting can be quite expensive. Although buying comes with homeownership costs, renting the unit out and using part of the profits to cover HOA fees and other similar expenses is a popular method to offset them.
2021-12-21T08:19:00-07:002022-03-10T07:24:15-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:17075Who Pays For Condo Maintenance? Repair Responsibilities For Owners vs. HOA<img src="/userFiles/1597/image/condo-maintenance-responsibilities.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Condo Maintenance for Owners and HOA" />
Although condo owners generally need to maintain their units, property management services and homeowners' associations can help cut down on other maintenance responsibilities. In most cases, HOA covenants require the HOA to maintain common spaces and exteriors. These duties may include lawn care services, building maintenance, snow removal, and more. While the responsibilities covered vary across HOAs, property management services can help handle the remaining maintenance duties, housekeeping, and management of reservations and bills.
Whether the plan is to live in a<a href="https://www.steamboatsprings-realestate.com/steamboat-springs-condos/" title="Steamboat Springs Condos For Sale"> condo</a> full-time or rent it out from afar, it's imperative to understand what responsibilities the condo owner has. Keep reading to learn what maintenance responsibilities condo owners are responsible for and what HOAs or condo associations generally handle.
Property Management Services Can Cut Down On Owner Maintenance
Hiring property management services to take care of maintenance can be a real time-saver for condo owners who won't be on-site daily. Whether the plan is to use the condo as a personal vacation getaway or as a rental unit, property management services can help handle regular and as-needed maintenance, housekeeping, and bills.
Property management companies offer numerous services, including repair, cleaning, and other maintenance. Larger companies tend to have agreements with HOAs to keep properties up to HOA standards and handle other maintenance tasks, such as lawn care and snow removal, but they also maintain individual units.
While the big-name brands can be attractive, many smaller companies offer the same property management services. With fewer clients to attend to, these boutique-style brands can often provide more personalized services for a lower price. For an even more custom-tailored experience, it's also possible to manage rentals through services like VRBO and Airbnb while outsourcing housekeeping and maintenance to hand-picked individuals.
Whatever the condo's needs, there are plenty of businesses offering property management services that can help cut down on owner maintenance.
HOAs Take Care of Exterior Maintenance and Common Spaces
<img src="https://assets.site-static.com/userfiles/1597/image/lawn-maintenance.jpg" alt="HOAs Handle Exterior Maintenance" style="float: right; max-width: 400px; padding: 0 0 10px 10px background-color:#fff;" />Many condos fall under the domain of HOAs, which usually maintain common spaces and exteriors for these properties. Much of the time, the HOA outsources this work to a property management company, but some have people on-site to handle maintenance.
Although HOAs sometimes get a bad rep for enforcing their rules and regulations, these are the same policies that help make HOA-governed properties so attractive in the first place. Additionally, many HOAs use their members' dues to hire property management companies to maintain shared spaces and other parts of the property. HOAs might offer any of the following amenities and services:
Building maintenance
Road maintenance
Lawn care
Snow removal
Trash service
Gas
Water
Sewer
Internet
Cable TV
Insurance
Parking facilities
Shuttle service
Capital reserves
Concierge service
Lounges
Pools or hot tubs
Exercise facilities
Laundry facilities
Lockers and storage
Of course, HOAs may offer even more amenities and services outside this list. From the basics like building, lawn, and road maintenance to <a href="https://www.steamboatsprings-realestate.com/blog/best-steamboat-springs-ski-communities-with-apres-ski-amenities/">condos with luxurious amenities</a> like pools and exercise facilities, HOAs can take plenty of maintenance responsibilities off of condo owners' hands.
What HOAs Might Not Cover
Although HOAs may handle the maintenance of common spaces and the condo's exteriors, they usually don't care for unit interiors or any attached private spaces. Unless they employ a property management service, owners will need to maintain their condo's interior and any attachments to the unit, such as a deck, garage, or private yard.
Condos generally consist of three types of elements: common elements, units, and limited common elements. Common elements include portions of the condominium serving more than one unit and all parts of the condominium outside of the units, including portions of the walls, floor, and ceilings. Usually, the HOA will assume responsibility for maintaining common elements.
Meanwhile, units and limited common elements are the owner's responsibility to maintain. Each unit's boundaries begin with the unfinished interior surfaces of exterior perimeter walls, the middle of interior walls, the floor, the ceiling, the doors, and the windows. Thus, any paint, plaster, or wallpaper belongs to the unit. Condo owners must maintain these along with any interior spaces, partitions, or other fixtures within the unit, including appliances and plumbing. This is important to keep in mind while considering what changes can be made to <a href="https://www.steamboatsprings-realestate.com/blog/condo-design-ideas-to-maximize-space/">maximize space in a condo</a>.
Limited common elements consist of exterior fixtures, appliances, and spaces that belong to a single unit. These elements can include all sorts of amenities, from large-scale fixtures such as private decks, balconies, or patios to smaller accessories like shutters, awnings, or window boxes. Although limited common elements may not be within the unit's space, they are still the condo owner's responsibility to maintain.
Although HOAs will care for many parts of a condo, owners must care for the unit and its limited common elements or outsource their maintenance to a property management company. Learning what's covered and what isn't in a particular community is an important factor in deciding whether to buy or rent a condo.
Condo Maintenance Responsibilities for Owners
Maintenance responsibilities are one thing to consider when deciding whether to <a href="https://www.steamboatsprings-realestate.com/blog/buying-vs-renting-a-condo/">buy or rent a condo</a>. Although HOAs typically maintain common spaces and amenities, condo owners generally need to care for their unit and any private attachments, including their various fixtures, from air conditioners and plumbing to roofs and balconies. For those who would prefer not to handle these responsibilities themselves, numerous companies offer property management services. In addition to maintenance, these businesses can also handle reservations, bills, and housekeeping.
2021-12-14T08:27:00-07:002022-03-10T07:20:19-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:8510The Steamboat Group Fund | How We Give Back to Steamboat SpringsHow The Steamboat Group Gives Back to Steamboat Springs
We love Steamboat and are proud to have the opportunity to live here. Our mission is to give you an unmatched experience and give back generously to keep Steamboat the special place we all love.
We are an independent, family-owned real estate brokerage that believes in putting your interests first and working hard to help you realize your dreams in Steamboat Springs. Interested in learning more about our approach? Keep reading to learn more about what we do for our community.
What is The Steamboat Group Fund?
<img src="https://assets.site-static.com/userfiles/1597/image/the-steamboat-group-donations-by-year.png" alt="The Steamboat Group Donations by Year" style="float: right; max-width: 400px; padding: 0 0 10px 10px background-color:#fff;" />??By choosing to work with The Steamboat Group, you are supporting our mission of Helping Keep Steamboat Special. Every month we make a donation to the TSG Fund held at <a href="https://yvcf.org/" target="_blank">The Yampa Valley Community Foundation</a>. Throughout the year, our group then partners with YVCF to allocate money from The TSG Fund to local nonprofits and events with needs that align with our group's mission.??
In 2020, The Steamboat Group Fund raised over $90,000 in contributions to 34 local nonprofits in order to meet the increased needs of our community. “We continue to be touched by the generosity of this community," said Wendy and Jon Wade, owners of The Steamboat Group. “Thank you to everyone who donated during this difficult time to help those in need.”
??When locals are struggling, local nonprofits develop programs and resources to support those in times of need. We want to support those nonprofits because sometimes, we all need a little help.??
We also want to support programs that promote adventure and the active Steamboat lifestyle so many people move here for. From trail maintenance to gravel bike rides to the high school ski team, we want to help others of all ages have the opportunity to fall in love with the great outdoors.
LiftUp of Routt County Produce Drive
Every year, the community of Steamboat Springs shows how caring it is while raising produce for the LiftUp of Routt County Produce Drive. Twice per year, we volunteer at City Market to collect produce for our local food bank.
Literally A Whole Ton Of Produce For Our Local Food Bank
<img src="https://assets.site-static.com/userfiles/1597/image/the-steamboat-group-liftup-of-routt-county-produce-drive.jpg" alt="LiftUp of Routt County Produce Drive Donations" style="float: right; max-width: 400px; padding: 0 0 10px 10px background-color:#fff;" />In summer 2018, our real estate group met at City Market, along with Bridget and Paul Ferguson volunteering from Lift Up, and began asking the community to grab an extra item or two to donate while they did their Saturday shopping. Everyone was so receptive! The Steamboat community is one big family. Our little community always seems to come together, surround these big issues and figure out how to resolve them or help alleviate hardship. After handing out hundreds of shopping lists, reusable bags, and even answering a few questions about other Lift Up programs, it was time to weigh the produce. The total came in at 2,156 pounds and $895!
The following summer, Steamboat did it again—2,770 pounds of fresh produce and $4,000 raised for LiftUp of Routt County! Every year, it never ceases to amaze us how caring a community Steamboat Springs is.
Thought that was a lot of food? In 2019, one of our drives brought in donations of over 3,000 pounds of fresh produce for community members and families in need in Routt County. We then raised the bar, and the community met the challenge; at our next drive, our generous community donated just over $5,000, and we matched $5,000 to deliver $10,000 to LiftUp. Their Director Sue Fagelin said that would allow them to provide fresh produce all fall. Thank you, Steamboat!
It was heart-warming to see firsthand how many people stopped to grab a list and shop for a good cause. Families, visitors, realtors, business owners, City Market employees, and many young adults all donated anything they could. It's so easy for the members of The Steamboat Group to continue to invest in our mission of Keeping Steamboat Special because the love for our neighbors and our town is shared community-wide by so many.
United Way Day of Caring
The United Way Day of Caring is a well-known way to give back in Routt County. This half-day event brings volunteers together to help work on projects for nonprofits and individuals in need, hosted by Routt County United Way since 1998.
<img src="https://assets.site-static.com/userfiles/1597/image/united-day-of-caring-the-steamboat-group.jpg" alt="Steamboat Group Volunteers at Routt County LiftUp" style="float: right; max-width: 400px; padding: 0 0 10px 10px background-color:#fff;" />In 2019 our staff participated in the United Way Day of Caring at Routt County LiftUp by cleaning the store, shelves, and windows and sorting through donations.
As a part of The Steamboat Group's goal to "Keep Steamboat Special," we often donate our time to assist in projects around town. In the past, we have painted the "kitty land" of the Routt County Humane Society and also donate to The Yampa Valley Community Foundation every time we close a home sale.
Yampa Valley Gives: A Day to Help Keep Steamboat Special
<img src="https://assets.site-static.com/userfiles/1597/image/the-steamboat-group-yampa-valley-gives.jpg" alt="The Steamboat Group is a Proud Sponsor of Yampa Valley Gives" style="float: right; max-width: 400px; padding: 0 0 10px 10px background-color:#fff;" />This is an excellent chance for people who love Steamboat Springs to make many local nonprofits’ holiday season a little brighter. In a community that gives so much back, Yampa Valley Gives is an event that is important to us all.
Yampa Valley Gives is a localized part of Colorado Gives Day. This statewide event takes place the first Tuesday in December every year, raising funds for more than 50 vetted and verified nonprofits in the community. Glen Traylor of Ski Butlers brought this program to our valley, and it has made a huge impact already.
Reflecting on the event, Jon Wade stated, “There are so many wonderful non-profits in our community. This is a way for the community to give back to programs that touch all our lives. This money is important to help keep the lights on and the door open. We are giving to programs we truly believe in, and it’s a great way to help them out.” Our whole group supports Yampa Valley Gives, and we hope that you will too.
Statewide, there is also a $1 million incentive fund sponsored by Community First Foundation and FirstBank, distributed to all participating nonprofits according to the overall share of funds raised by the event. Please check it out and consider giving to the organizations that mean the most to you. For more information or to make donations, visit the <a href="https://www.coloradogives.org/YampaValleyGives/index.php?section=partnershipContent&action=main" target="_blank">Yampa Valley Gives website</a>.
As an Office of Mountain Bikers, We Support Our Community's Trails
The Routt County Riders
<img src="https://assets.site-static.com/userfiles/1597/image/routt-county-riders-jersey-sponsored-by-the-steamboat-group.jpg" alt="Routt County Riders Jersey 2010" style="float: right; max-width: 400px; padding: 0 0 10px 10px background-color:#fff;" />We're big supporters of cycling and ride a lot ourselves. In 2010, we were proud to sponsor the 2010 Routt County Riders jersey. Steamboat is a huge biking town and has a great network of trails. Steamboat has also been designated as a <a href="https://steamboatsprings.net/480/Biking-in-the-Community" target="_blank" title="Bicycle Friendly Community">bicycle-friendly community</a>.
If you're a biker and like having a group look out for your interests and stage events along with actively building and supporting trails, we highly recommend joining <a href="https://routtcountyriders.org/" target="_blank">Routt County Riders</a>. The club is focused on the following areas: development and maintenance of sustainable mountain bike trails; grant writing for trail projects; the annual Steamboat Bike Swap; Bike To Work Week; the Bicycle Friendly Community Initiative; the Steamboat Springs Stage Race; junior cyclist development; promotion of group rides for roads and mountains; cycling advocacy; the Bicycle Friendly Community advisory group; the Safe Routes to School advisory group; the County Pedestrian/Bikes Commitee advisory group; and Share the Road campaigns.
We can give you ideas of where to ride, <a href="https://www.steamboatsprings-realestate.com/blog/biking-events-in-steamboat-springs/" title="Bicycle Events">bike-related activities</a> in the area, and current club activities.
Tokens for Trails
In 2018, The Steamboat Group participated in another successful <a href="https://www.mountaintapbrewery.com/community/token-tuesdays/">Token Tuesday</a> at <a href="https://www.mountaintapbrewery.com/">Mountain Tap Brewery</a>, located just below our offices at 910 Yampa St. <a href="https://yvcf.org/trails/">The Trail Maintenance Endowment Fund</a> was one of the four beneficiaries, and we decided as a group to match the funds raised for The Trail Maintenance Endowment Fund from our TSG Fund.
The community and Mountain Tap Brewery were able to help raise $461 for The Trail Maintenance Endowment Fund that month, so we matched every dollar, totaling $922 raised just by coming out and enjoying a local brew. We are so grateful for Steamboat's love for its local nonprofits and this amazing event Mountain Tap created that has become a staple on Tuesdays after work. We are also thankful for all the work YVCF does to maintain the Trail Maintenance Endowment Fund and the volunteers who selflessly give their time to work on the numerous trails' projects.
Run Rabbit Run
Bikers aren't the only people who love to use the trails. In the past, the Wade family has volunteered by helping aid runners of the <a href="https://www.runrabbitrunsteamboat.com/" target="_blank">Run Rabbit Run Race</a> along the trails on Emerald Mountain with food and water throughout the night. In 2018, when the race ran into trouble, it wasn't even a second thought for The Steamboat Group to come together and make a donation to help the race achieve its charity goals. Run Rabbit Run donates to local nonprofits and trail maintenance organizations that make the race possible and help so many community members in our town. With the community's help, they were able to raise and give around $35,000.
The Steamboat Group Awarded Business Philanthropist of the Year
<img src="https://assets.site-static.com/userfiles/1597/image/ENTIRE_TEAM_PHOTO_2021_mc.jpg" alt="The Steamboat Group, 2019" style="float: right; max-width: 400px; padding: 0 0 10px 10px background-color:#fff;" /> In 2019, The Steamboat Group was given the Yampa Valley Community Foundation’s Business Philanthropist of the Year award. This award is truly an honor to receive in Steamboat, where charity and philanthropic work is a value that locals hold dear.
If you want to read more about The Steamboat Group working with philanthropy, check out our <a href="https://yvcf.org/tsg/">TSG Fund</a>!
The Steamboat Group: Serving Steamboat by Taking Care of Our Community
Steamboat locals work together every day to better the community and preserve our amazing town. Our group actively works to help that cause, as each of us are so grateful for the community that we call home.
Thank you to everyone who helps with our vision, including the Yampa Valley Community Foundation and our amazing clients. We are excited to continue to build the TSG Fund and support programs that will help Steamboat remain the special place we all love.2021-12-07T12:59:00-07:002022-07-20T08:17:21-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:7374Home Improvement Projects: When to DIY or Hire a Professional<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1597/image/diy-vs-hiring-a-professional.jpg" alt="Should You Hire a Contractor for Your Next Home Improvement?" width="475" />Home improvements can be expensive. In fact, many homeowners should set aside about 1% of their home's value every year to make home improvements. If you're on a budget, you may be able to save money on home improvements by doing some work yourself. However, some home improvement projects are best left to the pros. If you're a homeowner who would like to fix your house and maintain its value, here's what you need to know about hiring a contractor versus doing the work yourself.
Best DIY Projects
Most homeowners have limited tools and limited knowledge about the various systems in the house. For these homeowners, the best home improvement projects require little or no specialized knowledge and only basic tools. Examples of these home improvement projects include:
Installation of blinds, shelves, and curtains
Drywall repair
Painting
Some basic flooring installation
Basic landscaping
Drain cleaning
Toilet tank repair
All of these upgrades are good DIY projects because they don't require a lot of specialized knowledge; if they're done incorrectly, the repairs would be relatively inexpensive. These are also good DIY projects because they involve little hazard to the homeowner. Before getting started with a home improvement project, even the basic ideas above, homeowners should engage in the following steps:
Watch or read any tutorials that can make the project easier overall.
Take an inventory of tools and decide which tools need to be purchased or borrowed in order to get through the project.
Find someone who would be available to help if help is needed.
Assemble any parts needed to complete the project.
Set aside the appropriate amount of time.
Best Contractor Projects
The best projects for professional contractors are those projects that are complicated, require specialized tools, would be just as expensive to finish as a DIY project, or are hazardous. Some examples of projects that are best completed by contractors include:
Roofing projects. Roofing projects are easy to do incorrectly and involve being on the roof, which can ultimately lead to accidents. However, if you have a <a href="https://presidioroof.com/how-to-fix-flat-roof-ponding/" target="_blank">flat roof that ponds</a>, there are easy ways to fix it.
Sewer and septic tank repair. Sewers and septic tank repair can be challenging for homeowners, who usually do not have the proper tools to get the job done correctly.
Foundation repair. Foundations require specialized equipment, and to be done right, they should be completed with the help of a structural engineer.
Replacing windows. Windows get damaged from debris, splitting wood, and other damaging factors, which require a complete window replacement. However, installing windows is not an easy task, and it is best to have a contractor take care of this project for you.
Removing Walls. Hiring a contractor is always best when removing walls or redesigning a room’s floor plan. There can be several unseen items behind plaster and drywall, such as electrical cables, air ducts, plumbing lines, and other construction items. Additionally, removing a wall could negatively affect the home's structural integrity, especially if it is a supporting wall.
Homeowners trying to decide whether to hire a contractor to get the work done should start by <a href="https://www.popularmechanics.com/home/interior-projects/how-to/g648/10-tips-for-hiring-a-contractor/" target="_blank">interviewing contractors</a> in the area. Asking questions of the pros can help determine whether a job is appropriate for a homeowner. Find out information such as:
How long would this project take?
Does this job require more than one person to finish?
Does this job require special permitting?
How would you do this job?
What are the hazards of completing a job like this?
Most contractors will give this information readily, which can help homeowners decide whether they would like to complete the work themselves.
Final Considerations
Choosing between a DIY project and hiring a contractor depends on the homeowner's knowledge and available tools. Consulting with a contractor can help homeowners decide if they are ready to take on the project on their own or require a professional's help.2021-12-06T09:21:00-07:002023-08-30T08:07:34-07:00Erik Ramstadtag:steamboatsprings-realestate.com,2012-09-20:204605 Vacation Home Upgrades With High ROI<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1597/image/steamboat-vacation-condos.jpg" alt="Best Upgrades For Your Vacation Home" width="475" />Most vacation homeowners would love to add value to their homes before selling. But most of us lack the time. Many of us don't even know where to begin. It may seem like an overwhelming task, but there are ways to get it done.
It is important to remember that you need to invest wisely if you want a <a href="https://www.steamboatsprings-realestate.com/blog/high-roi-home-improvements/" title="High-ROI Home Improvements">high return on investment</a> (ROI). Investing in home improvements will increase the value of your property while giving you a great return on investment. Here's how to get the most bang for your buck.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Spice Up the Kitchen
One of the most important upgrades you can make to your vacation home is the kitchen, as an upgraded kitchen is more attractive and comfortable for guests.
The kitchen is the center of the home, so creating a space that is appealing with a lot of utility will help complete the experience you have in a vacation home. However, there are many kitchen renovations you can choose from, including countertops, appliances, <a href="https://www.steamboatsprings-realestate.com/blog/home-lighting-guide/" title="Home Lighting Guide">lighting</a>, flooring, etc., so it's vital to pick the right kitchen changes for your needs.
One of the most significant factors to consider is your budget. <a href="https://www.steamboatsprings-realestate.com/blog/diy-vs-hiring-a-contractor/" title="DIY vs. Hiring a Contractor">Work with a contractor</a> to find the most cost-effective ways to improve your space. It is essential to be transparent with your contractor, as they will keep your best interest in mind.
<a href="https://nelsonkb.com/make-your-new-kitchen-cabinets-last-forever/" target="_blank">Update your cabinets</a> if you're looking for a quick way to improve your kitchen's appearance without breaking the bank. Updated cabinets can change the entire aesthetic of your kitchen. For example, consider adding black frameless cabinetry with silver accents if you want a modern look. If you’re looking for a traditional appearance, wood cabinetry with rustic accents might be your approach. Simply choosing a new color of paint or finish and swapping out the hardware can create a world of difference.
Whatever you choose to do, be aware of your budget and how you can maximize it. A fantastic way to do this is by finding reusable materials. Using <a href="https://www.steamboatsprings-realestate.com/blog/sustainable-home-building-technologies-and-materials/" title="Sustainable Home Building Materials">materials like recycled wood</a> can save you money on building materials. It also reduces the need for brand new cabinetry. Since you're using recycled materials, you'll help reduce waste and protect the environment.
Add a Pool or Hot Tub (Depending on the Market)
Adding a swimming pool or hot tub to your vacation home is a beautiful way to attract buyers and give your property a relaxing retreat. This is highly beneficial if you want to <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-real-estate-that-you-can-use-for-vacations-and-get-rental-income-too/" title="Buying Vacation Rental Properties in Steamboat Springs">rent out your vacation home</a>, as these desirable vacation amenities make the listing stand out among its competitors.
For a ski vacation, nothing's better than a long soak in the hot tub after a day on the slopes. If your vacation home is in a warm climate, having a private pool to swim in can make the vacation feel complete. If your vacation destination is appealing for both <a href="https://www.steamboatsprings-realestate.com/blog/summer-hiking-guide/" title="Steamboat Springs Summer Hiking Guide">summer activities</a> and <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-winter-events-things-to-do/" title="Best Winter Activities in Steamboat Springs">winter vacations</a>, lucky you!
Swimming pools and hot tubs add value to a vacation home, making it far more appealing to prospective buyers who will pay top dollar for the perfect experience.
Freshen Up the Landscaping
Landscaping makes your house look amazing, adding value to your property through enhanced curb appeal. While it may seem expensive at first, investing in landscape design will pay off when you sell your home. If you're thinking of selling in the near future, be sure to take pictures for when you list your home—<a href="https://www.steamboatsprings-realestate.com/blog/thinking-of-selling-get-your-home-photographed-before-the-snow-flies/" title="Green Photography: Sell Your Home Faster By Taking Photos Before Winter">green photography gives you an edge</a> when selling a mountain or ski home. You might also consider what your home will look like in the winter and choose plants and landscaping features that will still appeal in the snow.
There are many benefits to upgrading the landscaping of your home. The greatest is curb appeal. When people are on vacation, they want to look for homes that are pleasing to the eye. A yard with unmaintained grass and weeds is not as appealing as a yard with fresh flowers, stone waterfalls, or giant trees. Your landscaped yard will be cleaner and more appealing than a non-landscaped yard. Landscaping allows you to enhance the appearance and utility of your vacation home and create a more relaxing environment for your vacation.
Landscaping also helps protect your home against weather damage. For instance, having plants and trees along your fence creates a barrier protecting your house from wind, rain, snow, and sun.
It is very beneficial for the property's selling price. When people drive by a house, they don't see the kitchen or the appliances inside. Instead, they see the extravagance of the home from the outside.
When planning your landscaping, consider hiring a professional contractor to help you plan the layout and design. A contractor knows information about land regulations, perimeters, and what’s acceptable. Hiring a landscape contractor will be worth every penny because they can help you avoid making costly mistakes on your own. Find contractors who use <a href="https://www.houzz.com/for-pros/software-landscape-contractor-project-management" target="_blank" title="Project Management for Landscape Businesses">project management software</a> to streamline the landscaping process, provide estimates, deliver project updates, and complete the job effectively.
Repaint the Home
Painting a house is a great way to update the appearance of a home. But painting a home isn't just about aesthetics.—it can also be a wise investment.
Paint can change the entire personality of a home. Neutrals are often preferred when selling, as they have the broadest appeal among homebuyers. However, if your vacation home has a lot of architectural character, the right color can enhance its charm. Consider the impression you want to give—sleek and modern? Warm and cozy? The color of the home can help give its first impression.
In addition, paint will chip, peel, crack, fade, or wear away over time. Repainting a home right before selling tells the buyer that the home is well-maintained, adds a lot of aesthetic value to the home, and will increase the resale and rental value of the home.
Here are some reasons to repaint your home:
Paint gives the house a clean, fresh appearance.
You can use paint to change the color scheme of your home.
Paint helps prevent water damage from rain and snow.
Paint protects the walls from heat, cold, humidity, sun, and dust.
Ultimately, repainting your vacation home is one of the best ways to keep your home looking nice and appealing for yourself and prospective buyers.
Use Smart Appliances
When you are on vacation, one of the main things you look for is convenience. Convenience adds an element of luxury to an experience. The best way to find this in a home is by upgrading to smart devices. Smart appliances save energy, lower utility bills, and help create a stress-free vacation. For example, imagine being able to tell your vacation home's thermostat to start warming up as you leave the airport, so it gives you a warm welcome as you arrive.
These smart home upgrades tend to have high ROI:
Thermostats
Security systems
Lighting
Smart hubs
Appliances like ovens, refrigerators, and washing machines
Upgrading with smart home devices and <a href="https://www.steamboatsprings-realestate.com/blog/energy-efficient-home-upgrades/" title="Energy-Efficient Home Upgrades">other energy-efficient home upgrades</a> allows you to win big in ROI.
Making Your Vacation Home the Best It Can Be
Upgrading your home gives you a better chance of selling your property quickly and for more money. It’s best to take time to plan your upgrades. Otherwise, you risk wasting money and time with projects that won't add value to your home. Invest in an upgraded kitchen, a pool, proper landscaping, paint, and smart appliances to get the best bang for your buck.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.2021-12-04T10:19:00-07:002023-03-30T07:57:53-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:5409Wintertime in The 'Boat: How to Enjoy the Best of Winter in Steamboat SpringsWinter is here! Here are the top 10 things we look forward to most in Steamboat during the wintertime:
<img src="/userFiles/1597/image/ski-area-steamboat-springs.jpg" alt="Ski Area Covered in Snow in Steamboat Springs Colorado" style="display: block; margin: 20px auto; width: 650px;" />
That moment when it first starts to snow. Or when you wake up in the morning and get excited because you see snow all around you for the first time since spring.
Getting hot chocolate before/after going skiing. Better yet, drinking hot chocolate at Four Points Lodge, looking at one of the best views in Steamboat!
Seeing all of the holiday lights go up in town. Steamboat really gets into the holiday cheer. My favorite part about the holidays is meeting everyone on the gondola because they always are in Steamboat to experience a storybook holiday season.
Soaking in the hot springs in the middle of a blizzard. The snow can’t get to you because of the heat, and it feels incredibly secluded because you can’t see more than five feet in front of you with all of the steam.
You can make an igloo or build a snowman because of how much snow hits Steamboat. My goal is to build an igloo in my backyard this winter and sleep in it one night.
Hockey season starts up! Watching hockey games in Steamboat is a blast because the whole town comes out to support the teams.
Champagne Powder. This <a href="https://www.steamboatsprings-realestate.com/blog/talk-like-a-steamboat-local-with-these-key-terms-and-phrases/" title="How to Talk Like a Steamboat Local">local Steamboat slang</a> isn't a myth. It’s incredible!
Sitting by the fireplace. You can sit by a fireplace and read a book, and it’s wonderful.
People still go biking! You get to be amazed watching people going biking on the snow, and then you question how they do that?
Winter Carnival. Steamboat has its own holiday; that’s how special we are!
The Best Winter Events in Steamboat
There are many winter activities in Steamboat to enjoy, but here are our top 4 must-see events during the cold-weather months in The 'Boat:
Steamboat Springs Winter Carnival
Did someone say skijoring on Lincoln Ave., ski jumping through fiery hoops, and fireworks?
This could only mean one thing…it’s almost time for <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-winter-carnival/" title="Steamboat Springs' Winter Carnival" target="_blank">Steamboat’s infamous Winter Carnival</a>--the longest-running Winter Carnival west of the Mississippi!
The Winter Carnival began as a way to help residents cope with all the cabin fever that creeps up during the peak of the winter season. The event has continued to this day as a celebration of winter, a place to gather with friends and neighbors alike, and as a fun way to experience all that Ski Town U.S.A has to offer!
<img src="/userFiles/1597/image/winter-carnival-kid-skiing-behind-horse-steamboat-springs-colorado.jpg" style="width: 425px; float: right; padding: 10px 0 10px 10px;" alt="Kid Racing on Skis Behind a Woman on a Horse at the Steamboat Springs Winter Carnival" />
Every winter, around 400 tons of snow is dumped onto the main drag in downtown Steamboat Springs for an entire weekend of action-packed festivities. You won’t believe your eyes as kids ski behind horses ridden by Yampa Valley’s legacy ranchers or as our very own Steamboat Springs Winter Sports Club athletes fly over the jumps at night on Howelsen—lit by flares and LED lights. Experience this and so much more at the Winter Carnival!
The festivities include events such as ski jumping competitions, a snowboarding jam session, a soda pop slalom, a tubing party, the diamond hitch parade, which includes the high school band on skis, street events on Lincoln Avenue, and a night extravaganza at Howelsen Hill with a brilliant fireworks display and the famous lighted man.
Opening ceremonies typically begin on Howelsen Hill. Make sure to catch the S'More Family Fun and the Dual Slalom Bicycle Races. All street events usually take place on Saturday and Sunday on Lincoln Ave, and the “Lighting the Flame” nighttime extravaganza typically happens on Saturday evening. On Sunday, Winter Carnival concludes with the Diamond Hitch Parade, followed by the Pro Alpine Ski Jumping Finals.
<img src="/userFiles/1597/image/night-skiing-winter-carnival-steamboat-springs.jpg" style="float: left; padding: 10px 10px 10px 0; width: 350px;" alt="Ski Slope at Night with Neon Lights at the Winter Carnival in Steamboat Springs" />
The Winter Carnival event is an excellent opportunity to embrace the western heritage upon which Steamboat was founded, highlight Steamboat's Tradition of Winter Sports, and enjoy a variety of winter events performed by Steamboat Olympians, athletes, and locals. Even more, Winter Carnival is a fun-filled weekend with exciting opportunities for people of all ages to enjoy. We can guarantee this is one event you won’t want to miss out on during the winter season. We’ll see you there!
Cowboy Downhill - No Bull, It's One of the Funniest Events You'll Ever See!
Coinciding with the National Western Stock Show in Denver, the <a href="https://www.steamboat.com/things-to-do/events/bud-light-cowboy-downhill" target="_blank">Annual Cowboy Downhill </a>draws over 100 of the best pro rodeo cowboys to Steamboat to hang up their boots and try their luck at the slopes.
Steamboat's Billy Kid, Director of Skiing, and Larry Mahan, a six-time all-around World Champion cowboy, started this event 40 years ago and decided to invite a few of the Pro-Rodeo stars to Steamboat for a day of skiing. The cowboys had such a great time that the Downhill has become the most popular event of the season, with over 100 of the best professional rodeo cowboys competing in the most unique ski rodeo in the country.
Public Festivities typically run in Gondola Square during the afternoon in Bud Light Tents and at the Bear River Bar & Grill, with live musical entertainment. The Slalom begins in the late afternoon, followed by the Stampede. The day is finished with the Cowboy Downhill Awards.
In the past, festivities kicked off in Gondola Square with an afternoon of western celebration featuring:
A 4H animal petting zoo,
Appearances by the Denver Broncos cheerleaders,
A learn-to-rope clinic,
Limited edition Bud Light Cowboy Downhill logo wear,
A timed slalom,
Stampede,
And a free concert in Gondola Square!
The Cowboy Downhill is always a good time. We hope to see y'all there! No matter the season or the age of our visitor, the Old West excitement of Steamboat Springs keeps them riding back to town year after year!
WinterWonderGrass Festival
Known as the event where brews and music collide, the <a href="https://www.steamboatchamber.com/events/annual-events/winterwondergrass/">WinterWonderGrass Festival</a> brings together Colorado craft beer and beloved, authentic bluegrass music for a winter celebration. It is considered one of the best music festivals of the entire season and features over 25 bands and 20 Colorado craft beers.
Festival headliners for this year’s event include The Travelin’s McCourys, Kitchen Dwellers, Yonder Mountain String Band, and Trampled by Turtles, to name a notable few.
This music festival is beloved by locals and is a welcome community and family-friendly event that features many activities like hula-hooping, face painting, and other fun activities as part of the colorful kid’s zone. This allows kids to have fun in a safe and carefree environment while their parents enjoy libations and live music. Seniors over the age of 75 and children under 12 are free. <a href="https://www.eventbrite.com/e/2022-winterwondergrass-steamboat-tickets-138793939409?_eboga=1642097295.1637708851&_ga=2.175466658.148495586.1637708851-1642097295.1637708851">Tickets</a> range from $159 to $439.
Winter Landscape Photography at Fish Creek Falls
For the nominal price of $20.00, individuals ages 16 and older can go on a tour to take advantage of the picturesque landscape of Fish Creek Falls. The professionals at <a href="https://yampatika.app.neoncrm.com/np/clients/yampatika/event.jsp?event=23387" target="_blank">Morning Light Photography</a> will share photography tips on how to best capture the beauty of the area, including the frozen winter landscape, 280-foot waterfalls, and pillows of snow-covered creek beds. Guests can use their professional cameras or phone cameras to capture the beauty of the area. Tripods are recommended but not required.
<img src="/userFiles/1597/image/sunrise-over-snowy-river-in-steamboat-springs.jpg" style="width: 350px; float: right; padding: 10px 0 10px 10px;" alt="Sunrise over Snowy River in Steamboat Springs Colorado" />
Guests will be led out to the photography location and will utilize snowshoes provided for them. It is a beautiful trek; the walk is a short distance and is considered easy terrain. Guests will arrive at 9:45 am and then set off for the destination at 10:00 am. They can expect to return to the parking lot at around noon.
Guests need to dress for standing still more than for hiking since the point of the event is to learn photography strategies, and most time will be spent standing still. Guests should wear waterproof winter boots, waterproof pants, dress in layers, avoid cotton, and wear gloves, hats, sunglasses, and sunscreen.
If you would like to know more about what it's like to live in Steamboat or stay up to date with our Steamboat Blog, please feel free to browse around or call us at 970.879.0879 or email at Jon@TheSteamboatGroup.com.2021-12-03T12:33:00-07:002023-08-04T16:42:39-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:4754December Events in Steamboat<img src="/userFiles/1597/image/snow-covered-trees-in-steamboat-springs-co.jpg" style="display: block; margin: 20px auto; width: 720px;" alt="Snow covered trees in Steamboat Springs, Colorado" />
Are you looking for fun events to celebrate December and winter in Steamboat? Check out this handy list for some of our favorite things to do in December in The 'Boat!
Tread of Pioneers Museum Behind the Scenes Tours
Go behind the scenes at the Tread of Pioneers Museum to learn about the preservation of Steamboat’s history.
Finding Christmas at the Strings Music Pavilion
This show at the Strings Music Pavilion is one of Steamboat’s treasured holiday traditions that features holiday classics and beautiful orchestral pieces.
<img src="/userFiles/1597/image/snow-covered-steamboat-springs-barn-alpenglow.jpg" style="display: block; margin: 20px auto; width: 720px;" alt="Snow covered Alpenglow barn in Steamboat Springs, Colorado" />
Holidays in the Rockies Artisan Market
The Depot Art Center downtown hosts local artisans for a holiday market with kids' crafts, live music, food & drinks alongside the market goodies. Rumor has it Santa might show up for pictures as well!
Visit with Santa at Santa's Study
Visit Santa on the Cout House lawn for pictures and to read Christmas wish lists.
Ski Free Sundays
Ski for free on Howelsen Hill on Sundays! Stop by the lodge to pick up your free ticket, then take to the slopes!
Celebrate the Holiday at the Bud Werner Library
Don't miss the Family Holiday Sing-Along at the Bud Werner Library
A Very Steamboat Holiday Festival
Taking over Sixth Street, this festival is sure to give a captivating holiday experience with caroling, cookie decoration, and ornament making among the activities during a day of holiday cheer.
Holiday Festival at the Steamboat Ski Resort
Meet Santa and his reindeer at his workshop at the base of the mountain. If you’re lucky, you might even run into Santa while skiing!
Snowshoe Tour and Holiday Brunch at the Steamboat Ski Resort
Go for a guided snowshoe tour and a holiday brunch at Hazie’s on the top of the Gondola on Christmas day. Tickets vary in price for pass holders and non-pass holders.
Torchlight Parade and Fireworks
Happy New Year! Celebrate the end of the year at the base of Mount Werner by watching a ski light show and fireworks.
<img src="/userFiles/1597/image/skiier-in-deep-snow-steamboat-springs-colorado.jpg" style="display: block; margin: 20px auto; width: 720px;" alt="Skiier in deep snow in Steamboat Springs, Colorado" />
Steamboat Springs December Happy Hours
Mambo Italiano 4-5:30 daily
$3 Drafts and Bottle Beers
$3 Off Glass Pours of Wine
1/2 Price Mambo Specialty Cocktails
1/2 Price Dine-in Pizza
$2 Appetizers
The Press 3-5 daily
$5 Rebel Creek Mules
$5 Wells
$1 Off all Draft and Wine
2021-12-01T11:18:00-07:002023-02-22T11:12:38-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:16708Condo at The Resort vs. Remote Mountain Lodge: Pros and Cons of Steamboat Ski Property Types<img src="/userFiles/1597/image/steamboat-springs-condo-vs-lodge.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Steamboat Springs Condo vs Lodge" />
With an average of 336 inches of <a href="https://www.coloradoski.com/resorts/steamboat" target="_blank">annual snowfall in Steamboat Springs</a>, the attraction of investing in a <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-luxury-ski-in-ski-out-condos/">Steamboat Springs ski condo</a> or mountain lodge here in Ski Town, U.S.A. is undeniable. With powder so lovely that it has been officially trademarked as Champagne Powder® snow, buying a condo in a ski community or a remote mountain home is a good investment whether the buyer plans to use it personally or rent it out.
However, whether a rural single-family dwelling or a ski village condo is best depends on personal preference, location, and the primary intentions and uses for the property. Here are some factors to consider before making a decision to purchase a ski house or condo in Steamboat Springs, CO.
What Experience Are You Looking For?
Buyers planning to use their new property themselves and rent it out as well will have two sets of priorities to consider. They'll want to look at options that meet their own desires but will also want to find a home that will be appealing to vacationers or long-term renters, too.
If skiing vacations or renting the property to travelers during peak seasons is the main goal for the buyer, a condo is likely a great choice. These are located near the slopes and lifts, and many offer ski-in and ski-out access and amenities that appeal to buyers and rental occupants.
Buyers seeking a full-time residence or who plan to spend time in the abode more frequently than ski season might consider a ski lodge of some type. Mountain lodges are often near or on mountains with resorts and tend to offer much more privacy and quiet versus a busy ski condo community. Single-family mountain homes can also be profitable rentals when not in use.
How Often Will the Ski Home in Steamboat Springs Be Used?
Depending on how often owners plan to use or rent their property, association-managed condos and freestanding homes both have pros and cons.
For a set fee plus non-contracted repair costs if necessary, condo <a href="https://www.investopedia.com/terms/h/hoa.asp" target="_blank">homeowner associations</a> manage the property's upkeep and often handle rental tenants coming and going. For some properties, such as condo-hotels, they may even have staff for cleaning between guests. That being said, the rules of a condo association could positively or negatively impact buyers' experiences. While the convenience of having continual management and oversight of property maintenance off owners' shoulders, some don't care for the high level of control HOAs may have over what they can and cannot do with their own condo. Yet, this may be exactly the fit a hands-off owner wants.
Those only planning to use the ski house during personal vacations will need to decide how much responsibility they want. Private homes will be the full responsibility of owners or someone they hire for oversight and care while they are away. Unless personally seeing to upkeep is on the agenda inside and outside of the home, such as yard work, routine maintenance, and other issues on top of the mortgage, a remote home could be a drawback with higher expenses than condo HOA fees. Those who want some acreage and privacy may consider the upkeep a fair price to pay, and those in residence for a significant part of the year may find the upkeep less of a burden than those only visiting a few weeks a year on vacation.
Dreaming of buying a property near the ski slopes? View all <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-ski-in-ski-out-homes/">Steamboat Springs ski-in ski-out homes</a> for sale.
Are There Plans to Rent Out a Steamboat Springs Ski Home?
<img src="https://assets.site-static.com/userfiles/1597/image/steamboat-springs-ski-resort.jpg" alt="Steamboat Springs Ski Resort" style="float: right; max-width: 400px; padding: 0 0 10px 10px background-color:#fff;" /><a href="https://www.steamboatsprings-realestate.com/blog/why-buy-a-steamboat-springs-ski-in-ski-out-home/">Ski-in/Ski-out condos and lodges</a> are fantastic investment opportunities in Steamboat Springs, CO. Vacationers who come here primarily for the fabulous skiing prefer the convenience of taking off just steps from the door of their condo or rental mountain lodge.
Another feature appealing to some rental guests is to find a location that is somewhat near top sites and "civilization" for shopping, dining, and other exploits. Ski condos tend to be proximal to these goodies, with ski-in and ski-out being a common amenity, as well. Proximity to ski lifts or the shuttle to get there is a must-have feature.
In turn, some just want to chill out on the slopes and stay in the community in a nice quiet ski lodge, and these can also be ski-in/ski-out. However, those planning to rent frequently will want to give strong preference to investing in homes near attractions, whether it be a condo or single-family structure. The more attractions that are nearby, the more likely the rental will be filled year-round, which boosts income opportunities.
Some of the most popular rental properties with ski-in/ski-out options and fine <a href="https://www.steamboatsprings-realestate.com/blog/best-steamboat-springs-ski-communities-with-apres-ski-amenities/">après-ski amenities</a> can be found in premier communities, such as the <a href="https://www.steamboatsprings-realestate.com/one-steamboat-place-condos/">condos at One Steamboat Place</a>, which offers five-star amenities and personal service to owners and guests. <a href="https://www.steamboatsprings-realestate.com/edgemont-condos/">Edgemont's condos</a> offer elegant baths, saltwater spas and pools, and gourmet kitchens.
What Kind of Ski Homes Can One See in Steamboat Springs, CO?
There are many styles of condos and homes here, with the most unique exterior features being present in single-family lodges and <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-luxury-ski-homes/" title="Steamboat Springs Luxury Ski Homes For Sale">ski homes</a>. <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-log-cabin-homes/" title="Steamboat Springs Log Cabin Homes For Sale">Log cabin-style homes</a>, including casitas, ranches, and even modern architectural dwellings are dominant in Steamboat Springs. These tend to be rather large homes that can bring in tidy profits and increase in value in time.
<a href="https://www.steamboatsprings-realestate.com/steamboat-springs-chalet-alpine-homes/">Steamboat Springs chalets</a> are a luxurious choice that many upscale renters and large families tend to enjoy renting. These are like small mansions with multiple stories, exaggerated features and usually have lavish amenities that bring in premium rates. Other types of homes one can expect to see around Steamboat include <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-victorian-homes/" title="Steamboat Springs Victorian Homes For Sale">Victorian abodes</a>, cottages, and traditional A-frames.
Talk to Experts Before Buying a Ski Home in Steamboat Springs
No one will understand the appeal and demand for those looking for a full-time home or rental ski property in Steamboat Springs like the real estate professionals in the region. Experts like The Steamboat Group know what is in demand and can help buyers find the ideal home for their needs as well as guide them towards what will make for a fine investment. Be sure to <a href="https://www.steamboatsprings-realestate.com/contact/">reach out to a pro you trust</a> and get ready to discover your Steamboat Springs dream home.
2021-11-30T10:07:00-07:002021-11-30T12:38:26-07:00Jon Wadetag:steamboatsprings-realestate.com,2012-09-20:4600Buying Vacation Rental Properties in Steamboat SpringsSteamboat is truly a great place to live or spend time in. We are all drawn to buy <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Homes for Sale in Steamboat Springs">homes in Steamboat Springs</a> for the surrounding natural beauty, lifestyle, and a true sense of community.
Why Buy an Investment Property in Steamboat Springs?
For most people, owning real estate in Steamboat is about more than money—it's about finding the lifestyle they want, with a home they love and appreciate in a space where they can do fun activities all year-round with family or friends. That said, the financial aspects of owning a home that you can also use as a source of income are important, so we want you to know what is involved in making an intelligent decision when purchasing an investment property.
<img src="/userFiles/1597/image/steamboat-springs-vacation-homes-for-rental-income.jpg" style="width: 425px; float: right; padding: 10px 0 10px 10px;" alt="Steamboat Springs Vacation Rental Property" />
Many people that are not full-time residents in Steamboat would like some rental income to offset their costs or provide some cash flow, so this plays into the kind of house they purchase. Finding properties that you can use on your vacations and also cover the mortgage isn't always a simple task, but there are possibilities in the Steamboat area if you know where to look.
Having the option of buying a home for both owner use and rental income involves tradeoffs; the key is making an informed choice based on your needs and our insights into what may fit your goals and how rentals have performed in the past.
My group and I can help you find the perfect home that you can use for vacations and rental income. My background is in corporate finance and marketing at HP, so I understand its importance and the numbers better than most. There is a whole spectrum of choices to explore, and we are here for you.
Here are some things to consider when looking at homes that you can rent in Steamboat Springs:
Where Can You Purchase a Rental Income Property in or Around Steamboat Springs?
If you're searching for homes that can produce rental income, 99% of the properties that meet this criterion will be in the <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-mountain-ski-area/" title="Homes for Sale in Steamboat Springs Mountain Ski Area">Steamboat Springs Mountain area</a> or possibly <a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs/" title="Homes for Sale in Downtown Steamboat Springs CO">downtown Steamboat Springs</a>.
<a href="https://www.steamboatsprings-realestate.com/property-search/results/#listtype_1,4,5,8,6,3,10,12/county_Routt/address_/" title="Homes for Sale in Routt County">Routt County</a> restricts rentals outside of a special use permit and, to have that, you would have more of a business than a rental. A quick way to tell if a property is within the city limits is if it has less than a five-digit house number. There are exceptions in <a href="https://www.steamboatsprings-realestate.com/hayden/" title="Homes for Sale in Hayden">Hayden</a> and <a href="https://www.steamboatsprings-realestate.com/oak-creek/" title="Homes for Sale in Oak Creek">Oak Creek,</a> but very few, and looking for a Steamboat Springs address will typically all but eliminate them unless an agent is trying to make a listing look better by calling it a Steamboat address.
Many county properties with 5 digit house numbers can legitimately use Steamboat Springs as the city since their mail comes there. If you have doubt, <a href="https://www.steamboatsprings-realestate.com/contact/">contact the Steamboat Group</a>, and we can tell you very quickly if you have any doubt.
Rental Properties Within Steamboat Springs City Limits
For rental properties within the Steamboat Springs city limits, you'll have a few choices. I'll summarize below the types of rental properties to consider purchasing in Steamboat, and then if you would like to know more, we can talk about how they work, and I can give you some examples.
As with anything, I can provide examples of how they do rental-wise in general or for a specific one, but the future could be different. Please don't count on that to make your mortgage payment, as these homes can be impacted by snow and consumer confidence, among others things.
I can speak to what I see as impacting results in the future but can't predict the snow or economy. Contact The Steamboat Group,<a href="https://www.steamboatsprings-realestate.com/contact/" title="Contact The Steamboat Group Real Estate"> </a>and we can have an honest discussion, and you can ask questions on a property.
Types of Rental Properties to Consider Purchasing in Steamboat
Homes or Luxury Duplexes in the Mountain Area
For homes or luxury duplexes in the mountain area, there is not a single rule I can give you to select suitable candidates yourself since they need a combination of attributes and location. I can sort out options that are likely to be rentable then confirm that with a little due diligence. This includes if it has a vacation rental permit or is in an area where they are more receptive to them.
I know the best rental and marketing managers for them well. The best managers are the ones that provide some level of extra experience for their guests, are trustworthy, and cater to the owner's needs. The right management company can make these pretty turnkey for you. They run the business, ask you how you would like to handle things and manage the details.
Ski-in Ski-out, views, proximity to the base, finishes, layouts, and more come into play. These range from about $1 to $5M, mostly $1 to $4M. Some of the $1 to $1.6M ones could be attractive options. In general, this type of property has the best income, joined by <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-luxury-ski-in-ski-out-condos/">Ski-in Ski-out luxury condos</a> at <a href="https://www.steamboatsprings-realestate.com/one-steamboat-place-condos/" title="Condos for Sale One Steamboat Place Steamboat Springs">One Steamboat Place</a> and <a href="https://www.steamboatsprings-realestate.com/edgemont-condos/" title="Edgemont Condos for Sale Steamboat Springs Colorado">Edgemont</a>.
Luxury Townhomes in the Mountain Area
<a href="https://www.steamboatsprings-realestate.com/steamboat-springs-mountain-area-luxury-townhomes/">Luxury townhomes in the mountain area</a> don't typically require a permit because the complexes were developed as an attribute of the area. Most of these cover their HOA's plus taxes and may give a margin above that as we emerge from the recession, but some have been doing better.
These are $750K - $1.3M and are popular choices because they are low effort, provide a great vacation experience, and require less capital than others that rent better. The best examples are <a href="https://www.steamboatsprings-realestate.com/eagle-ridge-steamboat/">Eagle Ridge townhomes</a>, <a href="https://www.steamboatsprings-realestate.com/stonewood-townhomes/">Stonewood Townhomes</a>, Aspen Glen / Chadwick townhomes, <a href="https://www.steamboatsprings-realestate.com/blackhawk-townhomes/" title="Blackhawk Townhomes for Sale in Steamboat Springs">Blackhawk</a>, and <a href="https://www.steamboatsprings-realestate.com/cimarron/" title="Cimarron Townhomes for Sale in Steamboat Springs">Cimarron</a>.
Luxury Condos in the Mountain Area
<a href="https://www.steamboatsprings-realestate.com/steamboat-springs-mountain-area-luxury-condos/">Luxury condos in the mountain area</a> with newer 2-5br condos cover their HOA's taxes and may give a margin above that. These go for about $350K to $1M and are popular because they are low effort and require less capital than others that rent better. They are very nice above about $600K. Examples are Eagle Ridge Lodge, <a href="https://www.steamboatsprings-realestate.com/trappeurs-crossing-condos/" title="Trappeurs Crossing Luxury Condos for Sale in Steamboat Springs">Trappeurs Crossing</a>, and Trailhead Lodge. No rental permit is needed.
Condos in One Steamboat Place or Edgemont have thrown off a small yield that is better than many liquid investments. They are true <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-luxury-ski-in-ski-out-condos/">luxury ski in ski out condos</a>. OSP has a very high service level, including a spa, and it sits next to the gondola. Edgemont is up the hill a little bit and doesn't have as big of staff, allowing lower HOA costs as a result. They go for about $1 to $2.5M or so and sell well for the price point because they are low effort, ski in ski out, provide a great spot to vacation, and are hard to replace for the current costs or for a few years since these take a while to develop, and will cost more then.
Downtown Steamboat Condos
<a href="https://www.steamboatsprings-realestate.com/downtown-steamboat-springs-condos/">Condos in downtown Steamboat Springs</a> are mostly 2-3 BR condos but rent well for the price point. $750K to $1.4M. They are also turnkey properties, convenient, and have low HOA costs since they don't have pools, shuttles, on-site front desk staff, etc. (no rental permit needed).
Many of the options above have some extra value given they are selling below replacement cost, and there are few, if any, pieces of land that they can be replaced on. How true that is depends on the property, unit, and more, so we can talk about that if you would like to hear my thoughts. See <a href="https://www.steamboatsprings-realestate.com/blog/steamboat-springs-real-estate-market-update/">The Steamboat Report</a> if you would like to learn more about our local real estate market.
When You're Ready to Invest
The market for investment in rental properties in the Steamboat area is extremely varied, and properties are available at prices that range from approximately $500,000 to properties on the market for several million dollars.
Your decision depends on your risk tolerance, your budget, whether you plan to occupy a vacation rental property yourself during part of the season, and your income expectations. The goal, of course, would be to cover your annual expenses to achieve a reasonable return. Individual investment parameters always depend on personal circumstances.
In general, however, a well-managed, well-maintained investment property can be a wise decision that will add diversity to your investment portfolio, whether it's an in-town four-season rental or a <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-mountain-ski-area/" title="Ski In Ski Out Properties For Sale in Steamboat Springs">ski-in, ski-out property</a> near a popular lift.
What would you like to know more about? I will be happy to send you examples of the types that interest you or examples of each. If you would like a property that you hold only for investment purposes and don't need to stay there yourself, I can give you a great sense of how each type of those options work as well.
Just reach out, and we will help you evaluate if something makes sense for you or not. I am happy to give you the insights it takes to make a good decision. We stand ready to help you identify the best options in and around <a href="https://www.steamboatsprings-realestate.com/steamboat-springs-listings/" title="Homes for Sale in Steamboat Springs">Steamboat Springs</a>.2021-11-26T13:10:00-07:002022-07-20T10:33:37-07:00Erik Ramstadtag:steamboatsprings-realestate.com,2012-09-20:79674 High-ROI Improvements That Add Value to Your Home<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1597/image/home-improvements-with-a-high-roi.jpg" alt="What to Know When Upgrading Your Home Before Selling" width="475" />How much a seller receives from the sale of their house can depend on factors such as how well they've maintained the property and whether the home has features that home buyers look for. Fortunately, there are many things that homeowners can do to make their home stand out to potential buyers. By engaging in one or more of the following upgrades, homeowners can increase the value of their home.
Small to Mid-Grade Kitchen Remodel
Kitchen remodels are very popular among home buyers. Remodeled kitchens tend to be <a href="https://www.steamboatsprings-realestate.com/blog/energy-efficient-home-upgrades/">energy efficient</a> and offer a good amount of storage space. Because <a href="https://nelsonkb.com/kitchen-features-that-stand-the-test-of-time/" target="_blank">kitchens tend to be an expensive room</a> to remodel, finding a recently renovated kitchen can be difficult for home buyers. However, when buyers see a home with a recently remodeled kitchen, they often favor that home over other comparable homes without a newly renovated kitchen.
The key for sellers to receive the most return for a kitchen remodel is paying a reasonable price while making high-quality, high-impact changes to the kitchen. For example, an affordable kitchen remodel may involve repainting walls, installing new light fixtures, and refinishing the cabinets. Although the cost of making these changes may be relatively low, such a remodel may change the whole look of the kitchen, which can attract buyers.
Bathroom Addition
Most homebuyers expect the house they buy to have at least two bathrooms. Installing a second bathroom on a home with only one bathroom can increase the home's value by $20,000 or more.
When installing a new bathroom on a home, it's very important for the contractor who does the work to get the proper permits. A <a href="https://teknikinc.com/bathroom-remodel-san-diego/" target="_blank">new bathroom addition</a> can reduce the home's value if the bathroom is unpermitted.
Homeowners who want to ensure that the bathroom they install is properly permitted should be careful in <a href="https://www.inspectionsupport.com/resources/how-to-choose-a-home-contractor-and-avoid-scams/" target="_blank">choosing their home contractor</a>. Vetting the contractor beforehand, discussing permitting and how much the job will cost, and getting a contract that states the contractor will get a permit are ways that a homeowner can ensure the bathroom will be installed according to local permits and codes.
Garage Door Replacement
Adding a new garage door to a home can help increase the ROI when selling the home. Over time, garage doors look outdated, become faded, the paint peels, or become damaged. A new garage door improves the curb appeal attracting those looking to buy a home. In addition, an aesthetically pleasing and matching garage door can significantly enhance the look and feel of your home's exterior.
Many homeowners complain that their garage door is noisy or is not functioning correctly. A new garage door ensures smoother, quieter operation and reduces costs associated with maintaining the opener. Additionally, a new garage door helps boost your home's energy efficiency and improves the overall safety and security of the house.
These are just some of the reasons why replacing the garage door can provide you with an improved ROI when selling the home.
Landscaping Upgrade
Curb appeal is important during the home selling process. A home that has curb appeal can sell faster and will appeal to more buyers. Old landscaping can detract from a home's curb appeal and make the house seem less inviting or poorly maintained. Homeowners who want to sell their home soon can get a good start by <a href="https://www.hgtv.com/outdoors/outdoor-remodel/four-beautiful-landscape-updates">upgrading their landscaping</a>.
There are many small and relatively inexpensive changes that a homeowner can make when upgrading their landscaping. Installing pathways, a form of <a href="https://www.ownerly.com/home-improvement/what-is-hardscape/" target="_blank">hardscaping</a>, to the door, for example, can help make the house look more inviting to visitors. Clearing brush away from the door can also help make the house seem more cheerful and welcoming. Installing new shrubbery and removing old, overgrown shrubs can also help make the house seem well-kept.
Work With a Reputable Contractor
If you're a homeowner who would like to improve the value of your home, work with a reputable contractor. Hiring a professional to complete the work properly is one way to make your house stand out when it's listed on the real estate market.2021-11-24T11:30:00-07:002022-09-26T12:44:44-07:00Jon Wade