Archive for May, 2011

Steamboat Springs, Colorado Real Estate Market Report

Saturday, May 28th, 2011

Steamboat Springs, Colorado Real Estate Market Report

Steamboat Springs Colorado

Steamboat Springs Colorado

The pulse of the Steamboat Springs Real Estate market is in constant flux between parasympathetic and sympathetic nervous system – or a fight-or-flight response. I see some buyers actively buying homes and jumping into properties full-force. These buyers have been waiting for signs of an improving market and more importantly waiting for the right real estate to buy at a great price. Over the last several months, the Steamboat Real Estate market has changed. The inventory of properties is about the same, hovering around 1,980 homes, townhomes, and condo. But the amount of bank-owned properties has significantly been reduced from 56 four months ago to 28 today. And the amount of short-sale opportunities has increased from 51 four months ago to 62 today. So many of these buyers are in the ring fightingfor those great deals and buying great properties. I can conclusively say that there are far fewer great properties available then there was 6 months ago.

This is a preview of Steamboat Springs, Colorado Real Estate Market Report. Read the full story.

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Steamboat Springs Ski Passes On-Sale *Discount*

Saturday, May 28th, 2011

June 1, 2011 is the deadline to save. And it’s risk free. It just requires a $99 deposit. But if you don’t end up using it you can get your deposit back.

Steamboat Springs Ski Area

Steamboat Springs Ski Area

Steamboat’s unrestricted $929 adult season pass offers incredible value for skiers and riders looking to notch up as many days as possible this winter. The PURE Pass provides six days of skiing and riding for $429 and fifteen days for $719. In addition, the PURE pass enables pass holders to reload their individual pass with special $39 tickets with no restrictions throughout the season.

Steamboat allows guests the option to lock in these prices with $99 down and pay the balance on September 15th. This partial pay/down payment option is only available through next Wednesday, June 1. Passes are available for purchase at www.steamboat.com/seasonpasses or by calling 879-0740. Locals can also purchase their passes in person at Steamboat Central Reservations, located on the second floor of the Pine Grove Building at 1475 Pine Grove Road. The office is open 9am to 6pm daily. The summer Ticket Office in Gondola Square will be selling Season and Pure Passes on Tuesday, May 31st and Wednesday, June 1st from 9 am to 6 pm.

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Recycle and clean-up events in Steamboat Springs, Colorado

Friday, May 20th, 2011

Recycle and clean-up events in Steamboat Spring, Colorado

Don’t haul your old computers and monitors to dump and fill up the Milner Landfill. Spend a little time and money and recycle your old stuff. It’s tomorrow, tomorrow, tomorrow.

Old-Computers recycle in Steamboat Springs

Old-Computers recycle in Steamboat Springs

The Yampa Valley Sustainability Council and Yampa Valley Re cycles are hosting a community recycling drop-off from 8:30 to 11:30 a.m. at Howelsen Hill.
The recycling drop-off event is accepting a number of items at no charge. There is a charge for these items:

■ Desktop computer (CPU plus mouse & keyboard): $10

■ Monitor: $15

■ Printer: $10

■ TV (tabletop): $20

■ TV (console or projection): $45

■ VCR/DVD/stereo, alarm clock, etc.: $10 each

■ Desktop fax/scanner: $10

■ Cooking oil, motor oil and latex paint: $1 per gallon — no oil-based paint accepted

■ Freon removal from fridges, air conditioners, etc.: $75

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Foreclosures in Steamboat Springs UP / DOWN

Friday, May 20th, 2011

Foreclosures in Steamboat Springs UP / DOWN

Steamboat Springs Real Estate

Steamboat Springs Real Estate

Typically, larger cities see the foreclosure rates increase months before the smaller areas like Steamboat see increases. And with that, larger metropolitan areas tend to rebound sooner as well.

According to the latests foreclosure reports, filings decreased 40 percent in metro counties of Denver in April, compared with the same month in 2010, according to information from the Colorado Department of Local Affairs Division of Housing. So as we see, recoveries are already taking place in some major areas in Colorado. But in many of the smaller resort towns, foreclosures are still mounting. Steamboat Springs, Colorado is ahead of last year foreclosure filing but over the last 2 months there’s been a sharp decrease. I still feel we’ll see continued foreclosure and maybe even setting a new record, but if the last 2 months are a sign, it’s getting better.

By the numbers

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Steamboat Springs Free Summer Concert Series

Saturday, May 14th, 2011

Steamboat Springs Summer Concert

Steamboat Free Summer Concert Series

One of the favorite events for locals and tourist alike, the Steamboat Springs Summer Concerts Series has announced a great line-up for the 2011 summer. It’s such a family friendly event that takes place at the Howelsen Hill Ski area adjacent to downtown Steamboat. Grab some beverages and snacks and make an afternoon of it – it’s a real Steamboat experience.

This year the artist have been announced and the buzz is already spreading throughout town. Should be a great summer.

Free Summer Concert Series lineup

July 1: Hot Tuna (Missed the Boat opens)

July 14: 20th anniversary show with Grace Potter and the Nocturnals

July 22: Freddy Jones Band

Aug. 13: G. Love and Special Sauce

Aug. 26: 3 Twins featuring members of the Subdudes

Summer Concert in Steamboat Springs

Summer Concert in Steamboat Springs

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Trailhead Lodge – The troubles continue with a foreclosure notice

Tuesday, May 10th, 2011

TRAILHEAD LODGE AT WILDHORSE MEADOWS, LLC, a Colorado limited liability company Lot 1, Wildhorse Meadows 80487 $41,743,852.40 NED Recorded

The word on the street is that they have been trying to renegotiate their note to give them the opportunity to lower their prices. In short they have just not been able keep up with the declining market. It’s a great product and a nice location but the prices are just too high. We’ll see what happens with this. Time will tell.

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Tulips and an update for the Steamboat Springs Real Estate Market

Tuesday, May 10th, 2011

Tulips and an update for the Steamboat Spring Real Estate Market

Spring in Steamboat Springs, Colorado

Spring in Steamboat Springs, Colorado

Over the last 3 months things have improved. Not in prices or values but in transactions. The more transactions there are the less inventory we have. And that means a little stabilizing of prices. But this has literally been over the last 3-4 months. If this keep up, it will be a good sign that things are improving here in Steamboat – although that’s not the case for the majority of the nation.

I will say that in a few areas of our market we have most likely hit the bottom. Properties like Canyon Creek and Trappeurs Crossing in the mountain area are just that type. A typical Canyon Creek 2 bedroom condo sold for $615,000 in 2007 and a similar one sold for 378,000 this last March. Canyon Creek, Steamboat examples. These types of properties are rather desirable for their proximity to the ski area. So buyers that have been sitting and waiting are now buying them at these discounted prices. And prices have not dropped for these types of properties over the last 6 months.

This is a preview of Tulips and an update for the Steamboat Springs Real Estate Market. Read the full story.

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Best Value in the Steamboat Springs Real Estate Market

Monday, May 2nd, 2011

Best Value in the Steamboat Springs Real Estate Market

Where is the best value for your hard earned money in the Steamboat Springs real estate market? Steamboat Foreclosures, bank-owned and short-sales come to mind for most buyers.

There’s a mistaken perception among many buyers that they should buy a property that is bank owned, in foreclosure or a short sale. If they don’t buy a distressed property, they are missing out on “a deal” or at least the best deals available. But what buyers need to remember is WHY they are buying the property. Will it be their home or is it a financially sound investment with a good return?

This is a preview of Best Value in the Steamboat Springs Real Estate Market. Read the full story.

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