Homeowner Consequences Foreclosure vs. Short Sale
Heritage Title Company, one of Steamboat Springs’ CO local title companies, presented a hand-out at our MLS meeting yesterday that provides valuable information for clients facing a distressed home sale.
Top-line answers for clients are as follows:
Photos of Trail Ridge Road in the Rocky Mountain National Park. These photographs were taken on September 23, 2011. This is one of the most spectacular passes in Colorado. It stretches from Granby to Estes Park. The altitude ranges from 7,500 to 14,259 feet slices through montane, sub-alpine and alpine zones. A drive up Trail Ridge Road takes you to the Arctic Circle ecologically. The Continental Divide splits the Park into east and west sides.
Rocky Mountain National Park -photo by Charlie Dresen
Rocky Mountain National Park by Charlie Dresen
Trail Ridge Road in the Rocky Mountains
Rocky Mountain National Park by SteamboatsMyHome.com
Rocky Mountain Park by SteamboatsMyHome.com
Trail Ridge Road Colorado
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Case Shiller July: Football isn’t the Only Positive for Detroit
More on Detroit a little later, suffice it to say that while the Detroit Lions have been staging quite a comeback, so has the Detroit real estate market.
While there’s still high level uncertainty in the economy and consumer confidence is shaky at best, the housing market is holding on to four straight months of overall price increases for its 10 and 20 City Composites. Both were up 0.9% in July over June.
Key July ’11 take-aways include:
* 17 of 20 key markets were up over June ’11
* Las Vegas and Phoenix were down and Denver was unchanged from June ’11
* Two markets were up versus July 2010: Detroit (1.2%) and Washington DC (0.3%). Both were up versus June 2011 too with Detroit +3.8% and Washington DC +2.4%
* Overall, the 20 key markets are down 4.1% versus July 2010 but as mentioned earlier, up 0.9% over June ’11
Sun Shined on Steamboat Springs, Colorado August ’11 Sales
Remember when I reported in July that Steamboat Springs, Colorado real estate pending numbers were looking strong…well some of those pending sales converted to closings in August leading to the second best Gross Volume Sales of the year at just over $46.5 million. There’s still a healthy inventory of pending sales through September. In fact, September’s pending sales numbers are the highest we’ve seen in over a year.
Pending vs. Sold Data
Now let’s focus on August numbers because there is some good news to report in the last full month of summer in Steamboat Springs, CO.
Similar to July when a large land purchase bolstered the month’s sales volume, there was a $10 million plus agricultural land sale to Twentymile Coal, LLC in Hayden, CO. This sale further supports the prospects for a mining boom in the Yampa Valley as land purchases for gas, oil and coal rights have totaled over $17.2 million in two large sales over the past two months.
Mountain Area Neighborhood in Steamboat Springs
If you visit a ski resort town in the middle of winter, you know it’s all about “staying on the mountain.” Well, if you’re going to live or invest in real estate here…for many it’s all about proximity to the mountain, or in one word: location. The Mountain Area Neighborhood starts at Highway 40 and you guessed it…it goes east to the Steamboat ski area. There’s nothing like having a 3,000 acre backyard to ensure you have lots of friends who want to visit.
Steamboat Ski Mountain
When the back yard isn’t beckoning you to come out and play, your Mountain Area home has proximity to plenty of other options such as the award winning Steamboat Tennis Center, The Strings music venue, relaxing day spas, some of the area’s finest restaurants, movie theaters as well as grocery shopping, banking and shopping for household staples just minutes from the mountain base. As you would expect in Ski Town USA, the Mountain Area is a hub of activity and amenities.
Downtown/Old Town Neighborhood in Steamboat Springs
If you want to be walking distance to fantastic restaurants, fun shopping, great music venues, fishing on the Yampa River as well as having close access to hiking, biking and cross country skiing trails then the Downtown or ‘Old Town’ neighborhood as it’s known locally area is for you. It’s also the center of many community attractions such as the Winter Carnival, July 4th Parade, Halloween trick or treating and other community events that happen throughout the year.
New mixed use buildings such as Howelsen Place, The Olympian, The Victorian and Alpenglow offer luxury condominiums right in the heart of Downtown. If you’re looking for a single family residence, Old Town offers an eclectic mix of homes from historic to newly remodeled. Within walking distance you’ll find the new Soda Creek Elementary School, a new state-of-the-art Public Library and the Old Town Hot Springs Health and Recreation Center.
Downtown Howelsen Place
Fish Creek Falls Neighborhood in Steamboat Springs
With an ideal location between the ski mountain and downtown Steamboat Springs, the Fish Creek Falls neighborhood is a popular place to call home. As you drive farther up Fish Creek Falls Road the views get better and better with Emerald Mountain, Howelsen Hill, Sleeping Giant, the Flat Tops, south valley and of course, the Steamboat ski mountain all visible at various points along the way.
Best known for the Fish Creek Falls, a 283 foot waterfall that is booming during the spring melt-off, you’ll also find many hiking and biking trails around Fish Creek Falls (and yes, hike up beyond the first waterfall and there’s a second), and Spring Creek Trail which is a common “commuter” trail into downtown Steamboat Springs for residents of the Fish Creek Falls neighborhood.
Fish Creek Falls
Typical Fish Creek Falls’ residents are:
* a family
* The Green River, the largest tributary of the Colorado River, flows into and provides a large supply of water to the Flaming Gorge Reservoir as well as the areas it winds through including Moffat County. Eventually it joins the Yampa River in the Dinosaur National Monument area. As we locals know, the Yampa River runs right through Steamboat so hold that thought.
* Front Range energy development projects using hydroelectric power are in need of large amounts of water…and the Regional Water Supply Project supports capturing 81 billion gallons of water annually out of the Flaming Gorge Reservoir and transferring it to Colorado’s Front Range for use in as many as 5 hydroelectric power projects. The 81 billion gallons equates to about 25% of the Green River’s annual flow.
Carl Howelsen’s Son, Leif Hovelsen, Dies in Oslo at 88
Leif Hovelsen loved coming back to Steamboat Springs, CO to reconnect with the community where his father, Carl Howelsen, established the area’s first Winter Carnival in 1914 and taught locals how to ski jump on what is now known as Howelsen Hill…where Olympic Ski Jumping trials are held and many Olympians and Olympic hopefuls come to train.
Olympic Trials
In February 2009, at age 85, Leif came to Steamboat Springs for the celebration of the unveiling of a life sized bronze statue of his father at the entrance of Howelsen Place, one of Steamboat Springs’ premier new downtown mixed use buildings. That same winter he served as Grand Marshal in the Winter Carnival parade honoring the winter event his father had started 95 years earlier. And in 2010 he celebrated the medals won by the USA Olympic Nordic combined skiers who lived and trained in Steamboat Springs and were all contemporaries of the ski movement established by Carl Howelsen in northwest Colorado back in the early 1900’s.
Wyndham Appoints Bob Milne to Executive Team
I know Bob. He’s a hockey player and a good guy.
It’s always nice when hard work and earning your way up the ranks pays off, and that’s exactly what happened when Steamboat Springs’ Bob Milne was appointed President of Wyndham Vacation Rentals North America. Working his way up the property management ranks and eventually becoming the owner of Steamboat Springs’ The Resort Co., Bob will bring deep and wide experience to his new role.
Wyndham Resort Quest
Wyndham Vacations acquired Milne’s former company, The Resort Co., in August 2011 and also Steamboat Springs’ ResortQuest in 2010. Wyndham Vacation Rentals is part of a network of thousands of global hotel properties. Milne will be relocating to Parsippany, NJ to take on his new responsibilities of growing Wyndham’s North American rental business. While leaving Steamboat Springs will be hard, ResortQuest, Steamboat Resorts and Milne’s former company, The Resort Co., are all under Bob’s new Wyndham Rental portfolio, so he’ll always have a room waiting for him…with all of Steamboat Springs’ amenities at his beck and call. Something tells me Bob will keep a storage locker here filled with skis, bikes, camping and hockey gear as I’m sure the lure of the Yampa Valley will bring him back as much as possible to combine business with pleasure.
"Steve and I recommend Charlie with the utmost enthusiasm. He made the seemingly impossible act of selling our custom home for a decent price in a down market a reality. And he did it with honesty, confidence, professionalism and those incredible photographs!"Fort Collins, CO
