Steamboat Springs, CO Real Estate Report

July 11th, 2017

Steamboat Springs, CO Real Estate Report

Routt County real estate saw strong activity in May:

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Here is a closer look at the 103 residential transactions that took place in May:

Residential Transaction Price Point Analysis May 2017

Price Point

# of transactions

% of transactions

Previous month % of transactions

% of gross volume

Previous month % of gross volume    

Under $500K

 63

61%

46%

30%

20%

$500,001 – $1M

 24

23%

36%

27%

32%

$1M – $3M

 15

15%

19%

36%

40%

Over $3M

 1

1%

2%

7%

8%

This chart notes single family and multi family residential sales. Not shown here are the 8 timeshare transactions, 27 land, 6 commercial and 4 miscellaneous transactions for a total of 148 transactions. There were 4 bank sales in May 2017.

A Fresh Look at Conservation – 4 Steps to Make a Difference

July 11th, 2017

A FRESH LOOK AT CONSERVATION – 4 STEPS TO MAKE A DIFFERENCE

Protecting the environment starts at home, and can be a good investment as well.

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At a time when the political climate seems to be seeing as much change as the actual climate, it’s important to remember the efforts we all make as individuals can make a difference regardless of what’s happening in Washington D.C. No matter which side of the political aisle you’re on, there are plenty of reasons to conserve energy, and that effort can begin with your home.

Whatever your motives, there’s also a financial incentive to energy conservation, especially when it comes to your real estate investment. “It’s just as much about saving money and making your home safe and comfortable as it is about conserving energy,” says Sarah Jones, Executive Director of the Yampa Valley Sustainability Council (YVSC). “In terms of real estate, it’s also a way to build on your capital. Putting money into energy efficiency for your home is a good investment. It will help with the resale value of your home, and it will also save you money in terms of your utility costs whether you live in your home full time or rent it out.”

A Day in the Life of a Rodeo Cowboy

July 11th, 2017

A DAY IN THE LIFE OF A RODEO COWBOY

It takes a lasso and a skilled rider to catch up with Cole Dorenkamp, who has competed in the Steamboat Springs Pro Rodeo Series. Steamboat Sothebys thought it would be fun to get a unique perspective on the Steamboat Springs Pro Rodeo Series and what it is like to be a rodeo cowboy.

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Cell phone reception cuts in and out as Cole Dorenkamp heads south to Texas to take his horses to the vet, for no other reason except to make sure they’re ready for the Greeley Stampede over the Fourth of July weekend. The way Dorenkamp explains it, a cowboy is only as good as his horse. Life as a rodeo cowboy means lots of time on the road, mostly to places that don’t have great phone reception and Dorenkamp wouldn’t have it any other way. Raised in a rodeo family, Dorenkamp can’t even remember the first time he got on a horse. Competing wasn’t so much a choice as his birth-right.

Outside the Box – William Krisel

June 6th, 2017

There is no creativity without vulnerability. And in the 1950′s William Krisel saw a need and filled it with thousands of happy home owners. William Krisel, a pioneering architect who brought his vision of modernism to Southern California tract housing, died Monday at age 92.

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Krisel was a pioneer in what we call today, MCM Mid-Century Modern architecture. Krisel’s timeless, modernist approach to design, reproduced in more than 30,000 tract homes, condos and custom residences throughout Southern California and 10,000 living units elsewhere, progressed the style of low-profile dwellings that relied on nature’s landscape as much as walls and glass to set an aesthetic.

This type of building worked well in warmer climates back in the 50′s, 60′s and 70′s. Ton of glass and open spaces. Today, you can build this way in colder areas like Steamboat Springs but you need to be keenly aware of insulation values and superior heating. But the end result is fabulous.

THE POWER OF COLLECTIVE GIVING

June 6th, 2017

THE POWER OF COLLECTIVE GIVING

Steamboat Sotheby’s International Realty partners with Yampa Valley Community Foundation to support local non-profits.

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In a continued commitment to support local charitable organizations, Steamboat Sotheby’s International Realty is proud to have collaborated with the Yampa Valley Community Foundation to create the Steamboat Sotheby’s International Realty Community Fund. The company-wide fundraising effort will provide an opportunity for SSIR brokers, owners and staff to contribute to the collective fund, which will then issue grants to local non-profits.

“Our goal is to really make a meaningful impact in organizations within our community,” says Traci Smith, Director of Marketing for Steamboat Sotheby’s International Realty. “Almost all our brokers already contribute significantly to over 100 local organizations, either financially or through volunteerism, so our team is already making an impact in our community on an individual basis. We saw this as an opportunity for everyone within our firm to work together toward a common goal. The beauty of collective giving is that you don’t have to give a lot individually to create a situation where the group, collectively, can contribute significantly. It’s a perfect example of the old adage: ‘the whole is greater than the sum of its parts.’”

Farm & Ranch to Table – Steamboat Style

June 6th, 2017

 

Farm & Ranch to Table – Steamboat Springs Style

How to throw your own Steamboat-style BBQ using fresh, local ingredients.

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Coloradoans live for summertime – those 3-4 short months from June to September when fresh local produce is in abundance. But one thing we have year-round when it comes to fresh, local ingredients is meat. With several working ranches that sell product direct to market, it’s a meat lover’s dream when it comes to preparing some of the best quality meats available anywhere in the world. The best way to celebrate the bounty of seasonal produce and to let local ingredients shine is with a backyard summer BBQ. With the BBQ season upon us, we met up with local chef Lulu Cox, owner of Amuse Bouche, for some advice on how to create the perfect Steamboat summer BBQ.

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Steamboat Springs, CO Real Estate Report

June 2nd, 2017

Steamboat Springs, CO Real Estate Report

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Routt County real estate had a solid activity in April. Gross volume was $72.5M, +38.79% compared to last April, with YTD at +47.10%.  It’s important to note however, the transfer of a hangar at Yampa Valley Airport for $21.9M impacted the GV significantly. If we remove that transaction from our figures, April 2017 is mostly consistent with April 2016 Gross Volume.  There were a total of 98 transactions: -14.04% from April last year and +15% YTD.

Here is a closer look at the 64 residential transactions that took place in April:


Residential Transaction Price Point Analysis April 2017

Price Point

# of transactions

% of transactions

Previous month % of transactions

% of gross volume

Previous month % of gross volume    

Under $500K

 27

46%

38%

20%

17%

$500,001 – $1M

 21

36%

46%

32%

43%

$1M – $3M

 11

19%

17%

40%

40%

What Goes Up . . . Means More Taxes

May 17th, 2017

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In Steamboat Springs, property values are on the rise and the Routt County Assessor Office is taking note.  These rising values are likely reflected on the Notices of Valuation that recently went out from the Assessor’s Office, which will translate into your property tax bill for 2017 and 2018.

Below is some basic information about how the Assessor determines a property’s valuation, what the valuation translates to in terms of the amount of property tax due, what were the overall stats for our area, and what to do if you believe that your valuation is incorrect.

HOW DOES THE ROUTT COUNTY ASSESSOR DETERMINE A PROPERTY’S VALUE?
The “Actual (Market) Value” shown on your Notice of Valuation (NOV) is based on what is known as an “Effective Appraisal Date” of June 30, 2016. The appraisal collection period is the 24 months prior to June 30, 2016, and the appraisers in the assessor’s office determine the actual value using appraisal standards and methods. The appraisers will take the information for sales that occurred over the collection period for similar types of properties, and use that information to formulate the “actual value” or “market value” for each property in Routt County. Most property types saw an increase in values over the previous collection period which ended on 6/30/2014.

Steamboat Springs, CO Real Estate Report

May 5th, 2017

Steamboat Springs, CO Real Estate Report

As many of you know there has been a lot of buzz around the recent acquisition of the Steamboat Ski Area by Aspen Skiing Company and KSL Partners. And now that the the dust has settled a little, many of you are probably wondering what this might mean for the real estate market here in Steamboat Springs. My thoughts on the subject are that this is a positive step for the future of the community. The esteemed new owners will almost certainly have a positive impact on improvements and development in and around the base area. Real estate, especially that which focuses on second home and holiday investors, should see some growth as buyer confidence rises. This may have been the nudge that on the fence buyers were looking for. However Steamboat Springs is a destination town and growth is largely limited by employment. The sale of the Steamboat Ski Area does not directly bring jobs to our valley. For this reason it is unlikely to have a direct impact on primary residences.

Buying Real Estate From Your Couch Just Got Easier

April 14th, 2017

Buying Real Estate From Your Couch Just Got Easier

Evolving technology is continually changing the real estate landscape. Thanks to the latest imaging systems, selling and buying a home has now gone 3D. I recently invested in a Matterport 3D camera which thanks to its unique 9 lense design, can capture even the tiniest details in a space. Specialty software then pieces together the images to create an interactive 3D model. A buyer can then view the home in a number of formats:

Dollhouse – this showcases the entire home layout including multiple floors.

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Click to view the 3D home tour for 260 Storm Peak Ct

Floorplan – select a floor and get an overview of the entire layout of that level

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Click to view the 3D home tour of 31635 Aspen Ridge Rd

Walking Tour – move from room to room as you desire, and see incredible detail from floor patterns to views through the windows.