Archive for June, 2011

Good news in the Real estate market- Case-Shiller up

Tuesday, June 28th, 2011

I’m a realist. But seeing good news makes me happy. And today’s Case-Shiller index has some great news on the real estate market.

Case-Shiller reports an increase in home prices across many major cites. That’s like the Dow or the S & P having a great month. 13 out of 20 major metropolitan cites saw prices go up, yes up in April. And the Dow is up in a reaction to the news.

After months, well more like years of negative talks and dropping home prices in the Case Shiller reports, this is the first substantial good news for the real estate market in a long time. It was just recently that “double dip” was all the talk. Here’s a little blog about case shiller and double dip real estate trouble.

Home ownership has been steadily dropping for months as well. But I wont go so far as to say this will turn things around. Nor will I say we are turning this ship around. But positive real estate signs is welcome news.

Cool Homes – Architectural Freedom and what that means in Real Estate

Thursday, June 16th, 2011

Cool Homes – Architectural Freedom in how we live in our real estate. It’s not that often that a particular home catches my eye. Yet every once and a while I tour a home something really stands out. Maybe it’s just the look of the home. Or maybe the architectural style has pushed the boundaries a bit. Or something about the home just res0nates as being different. Either way, I love discovering these cool homes and taking note of them.

Here’s some pictures of a Steamboat Springs home in Old Town.

Steamboat real estate, charlie dresen

Steamboat real estate, charlie dresen

Steamboat Springs - Charlie Dresen

Steamboat Springs - Charlie Dresen

When I see interesting styles, I always wonder how it came to be and who was behind it and what it was that inspired them. In Steamboat, the style of home is very mountain-like and thrown into the mix is our western roots. So it’s not often that something really catches my eye. But more and more I’m starting to see more aspects of modern architecture creeping into new construction. The overall style and theme of the home might sit perfectly as a “mountain style home” but there might be a roof line or a material used that shines like budding flower waiting to explode.

Steamboat Springs Smartwool, owned by Timberland, get acquired by VFC, VF Company, VF Corp

Monday, June 13th, 2011

Local Steamboat company Smartwool, owned by Timberland, get acquired by VFC.
Real estate sales is closely tied to the job market. One of the major employers in Steamboat Springs in a wonderful wool apparels company Smartwool. Their roots and firmly planted in Steamboat and are an important part of the community and job source employing upwards of 65 people in Steamboat Spring. A few years ago Smartwool was acquired by The Timberland company. A seamless transition to local Steamboat residences, Smartwool continues to grow and become one of the industry leader in wool blended active clothing.

This morning, VFC acquired The Timberland Company and Smartwool. VFC is a $7 billion-plus apparel powerhouse with such brands like, The NorthFace, Wrangler, Lee, Jansport, Vans, to name a few. Here’s some specifics on the deal:
‘• Transformative Acquisition Will Create $10B Global Apparel & Footwear Powerhouse
• Addition of Timberland(R) and Smartwool(R) Brands Will Boost VF’s Outdoor & Action Sports Business to 50% of Total Revenues
• Will Provide Significant EPS Accretion in 2011 and 2012
• Acquisition was for $43 dollars per share ‘

Buying Steamboat Real Estate

Sunday, June 12th, 2011

It’s often sunny in Steamboat Springs, Colorado.  If you happen to be here when it’s snowing, or raining, just stick around a little and the sun will again shine. If you live in Steamboat Springs, you might say that, yes, it’s a sunny place.  So when people ask me questions about whether to buy real estate in Steamboat,  I might answer like this:  If you plan on staying in Steamboat Springs long enough to consider it “a sunny place” then yes, buying now is a good idea.

I moved to Steamboat from Seattle 6 years ago. And it took me a few months to conclusively say that Steamboat Springs is a sunny place. So if you’re going to be spending some time in Steamboat, and especially if you don’t plan on leaving in the year or two, buying is the way to go.

Steamboat Springs Flooding

Monday, June 6th, 2011

With several feet of snow in the hill, Steamboat Springs, Colorado, aka: Ski Town USA is about to go under water. Depending on the temperatures, the snow on the mountains is now filling the rivers around Steamboat Springs.

This board walk is usually about 4-5 feet off the ground.

Steamboat Springs Yampa Flooding

Steamboat Springs Yampa Flooding

Here’s a recent news clip from the Elk River and the local paper

Time will tell how this will affect the lower areas around Steamboat. But people are starting to get concerned.

Flooding In Steamboat Springs Colorado

Flooding In Steamboat Springs Colorado

This is my favorite bridge with a lot of water running under it now.

No fishing in Steamboat Springs for a while

No fishing in Steamboat Springs for a while

Steamboat Springs — High waters continued to flow from rivers, creeks and streams in and around Steamboat Springs, Colorado on Sunday as the record snowpack continues to melt, and a flood warning remains in effect for much of Routt County until 9 a.m. Tuesday. Our fingers are crossed.

It’s a roller coaster ride for the Steamboat Springs real estate market

Saturday, June 4th, 2011

It’s roller coaster for the Steamboat Springs real estate market

It’s just my opinion, but I base it off of facts. Up until 6 months ago, the Steamboat Real estate market, and speaking in general terms, watching and predicting the real estate market has been like riding an intense roller coaster.

Steamboat Springs Real Estate Roller Coaster

Steamboat Springs Real Estate Roller Coaster

We’ve all seen news reports of rising and lowering unemployment, of massive foreclosures and declining foreclosure, of rebounding markets then a double drip in home prices. It’s been month after month of highs and lows and ups and downs enough to make people sick.

Highs and lows in real estate in Colorado

Highs and lows in real estate in Colorado

But over the last 6 months, I feel the Steamboat Springs Real Estate market has been reduced to a more children’s roller coaster than one that makes people sick.

Stabilizing Steamboat Real Estate Market.

Stabilizing Steamboat Real Estate Market.

Here are some observation over the last few months: