Archive for December, 2011

New Year’s Eve in Steamboat Springs

Thursday, December 29th, 2011

New Year’s Eve in Steamboat Springs

Steamboat Springs’ Ski Mountain annual New Year’s celebration includes the torchlight parade and fireworks on the ski mountain.  Steamboat Ski & Snowboard School instructors volunteer to carry the torches that light up the mountain as they ski down the slopes as part of the New Year’s Eve festivities. Fireworks follow and offer an amazing array of colors as they reflect off the snow covered ski mountain.

Steamboat Springs New Year's Celebration

Steamboat Springs New Year’s Celebration

These events start at 7:00pm, but you can begin your après ski New Year’s celebrations well before at one of the many fun and festive mountain base establishments. Here’s a few that offer great mountain views as well as après ski treats:

  • Truffle Pig
  • Slopeside
  • Saddles
  • Gondola Joe’s
  • Bear River Terrace
  • Umbrella Bar
    New Year's Eve in Steamboat Springs

    New Year’s Eve in Steamboat Springs

    Be sure to check out the Steamboat Today newspaper on Friday, 12/30 and Saturday, 12/31 for all the New Year’s activities and celebrations going on around Steamboat Springs. Have a fun and safe New Year’s Eve celebration – Happy New Year!

Case-Shiller Report Shows Bad News

Tuesday, December 27th, 2011

Case-Shiller Report Shows Bad News

No snow over the Christmas holiday is bad news for the Steamboat Springs Ski Mountain, but at least the snow making machines have been able to compensate with the man-made stuff and turned what could be really bad into something passable. If only there was some magic wand to wave over the housing market so things would start to pick up and stay up. The Case-Shiller October Home Price Index is not showing any news we can feel good about on a national level.

The Case-Shiller index covers half of all U.S. homes. It measures prices relative to those in January 2000 and creates a three-month moving average. The monthly data are not seasonally adjusted.

The October report yields the following less than optimistic news:

* 19 of 20 cities showed home price decreases versus September numbers

* Versus October 2010, the 10 and 20 city composites posted annual returns of minus 3.0% and -3.4% respectively

Year Round Mountain Opportunities in Steamboat

Monday, December 26th, 2011

Year Round Mountain Opportunities in Steamboat

2012 is right around the corner and it will bring the benefits of the Ski Area Recreational Opportunity Enhancement Act of 2011. So what opportunities will that provide to Steamboat Springs? Well given the fact that our Steamboat Springs’SkiMountainand all of the almost 3000 ski-able acres is owned by the USDA Forest Service, this means that while formerly limited to activities allowed by an outdated 1986 law, the new law will open up our Steamboat ski mountain to year-round activities.

Steamboat Springs Summer Barn

Steamboat Springs Summer Barn

Sponsored by Senators Mark Udall and Michael Bennet, and recently approved by President Obama, this new law permits non-skiing activities such as mountain bike terrain parks and trails, Frisbee golf courses, ropes courses, concerts and zip lines to share in the activity line-up. Protecting natural resources will remain a top priority for the U.S. Forest Service, and all activities will be subject to a review and approval process. Anything considered to be damaging to the natural environment, like tennis courts, water and amusement parks will not be permitted.

I’m Thankful for Creative Architects — Inspiration in Real Estate

Monday, December 26th, 2011

As a Realtor, I see a lot of houses. Thankfully, there’s enough creative architects in this world to make my job really fun. The architecture in Steamboat Springs, Colorado is very mixed. But I can usually find some inspiration in almost every home I tour.

Homes are a often a reflection of our personalities. Yet most people do not get to have their custom home built on the perfect location. Most buyers of real estate buy a home that comes the closest to their needs at that particular time. Price, location, size and architecture all fall by way of chance. So again, I’m thankful for architects that put their creative touches on homes for people to buy and sell. I listed this home last fall. It sold in 3 days with multiple offer. Cool home + good marketing = happy clients.

Creative architecture

Creative architecture

Creative architecture and real estate

Creative architecture and real estate

Creative architecture in real estate

Creative architecture in real estate

Great architecture in real estate

Great architecture in real estate

Up 64% – Steamboat Real Estate Posts Great Numbers

Wednesday, December 21st, 2011

Up 64% – Steamboat Real Estate Posts Great Numbers

For those who were seeing the glass half empty as mud season rolled into November, there was definitely more to be thankful for than family, friends, football and turkey on the horizon. What we lacked in snow fall, we made up for in real estate sales in November. November real estate sales were great. And looking at the recent absorption rate, I’d say the Steamboat Springs Real Estate Market is looking much better.

( Please note: I recently blogged about the attributes of “knowing the market.” The stats came out today with a rather large error. I caught it and researched it. There was not a $11 million dollar transaction in Steamboat. So I re-calculated the numbers with a more accurate sales price. The graph below is with the corrected amount – see *)

Steamboat Ski Mountain Gondola

Steamboat Ski Mountain Gondola

Steamboat Real Estate Market Improves

Tuesday, December 20th, 2011

Steamboat Real Estate Market Improves

Steamboat Springs Market Going Up

Steamboat Springs Market Going Up

Real estate absorption rate is the rate at which properties are sold in a given area. The numbers below shows how many months of available inventory we have here in Steamboat Springs. As you see, the tends is going down. That is a very healthy sign that the real estate market is improving. Only condos sales did not improve.

Single Family Homes = 136
• December 2011= 9.71 months
• January 2011 = 15.9 months
• December 2010 = 13.4 months
Townhomes / inventory = 134
• December 2011 = 10.3 months
• December 2010 = 18.0 months
• November 2010 = 20.2 months
Condo / inventory = 344
• December 2011 = 22.0 months
• December 2010 = 22.3 months
• November 2010 = 23 months

Video Available in the Steamboat Springs MLS

Monday, December 19th, 2011

Video Available in the Steamboat Springs MLS

Last week, the Steamboat Springs, Colorado MLS activated a new feature called the “video” field. This enable real estate agents to hotlink a video within the MLS to be populated all over the world. This is huge.

What’s the big deal you ask? Well, with over 90% of people looking for real estate online, now these buyers can view a video of a property. That is if the real estate agent utilizes video.

These buyers can now visualize themselves in their new home before they even step into it. They can see the layout, the actual sizes of the rooms and really get a sense of the home. It was just a few months ago the Steamboat Springs MLS only allowed 8 pictures. Now we can load 20 pictures into our listings. More quality pictures and video equals more exposure. And more exposure has been proven to help properties sell faster and for more money.

Active People Build Custom Homes Around Their Lifestyles

Sunday, December 18th, 2011

Active People Build Custom Homes Around Their Lifestyles

People who live in Steamboat Springs, Colorado are often pretty health conscience. Sure it’s a world class ski resort.

There’s been 69 Olympians come from Steamboat Springs so if you’re active, it’s likely you’ll be skiing, biking, skating, or working out next to a great athletes. And with this active lifestyle come people who desire real estate to compliment their lives. I feel is only a matter of time that customs homes built around this active lifestyle become more popular. Here’s an example of what I’m talking about.

Steamboat Springs Schools Among Best In Colorado

Thursday, December 15th, 2011

Steamboat Springs Schools Among Best In Colorado

Steamboat Springs’ High School is a 4 time winner and Steamboat Springs’ Middle School is now a 5 consecutive year winner of the John Irwin Schools of Excellence award for academic performance for the 2010-2011 school year. The Colorado Department of Education issued 150 schools this prestigious award which signifies that Steamboat Springs’ secondary schools met or exceeded the requirements established for last school year’s Colorado Student Assessment Program. High schools have an additional “college readiness” requirement that is based on attaining higher levels of graduation rates and ACT scores in order to receive the award.

Student at Computer Station

Student at Computer Station

Given that quality of schools ranks high in any family’s decision to relocate to a town or city, Steamboat’s solid and consistent history of academic excellence is a big advantage for anyone with school age children who has Steamboat Springs on their radar as a potential new community to call home. Among the factors it takes to create a highly accredited academic environment, community support and a staff dedicated to pushing excellence to the next level year after year are significant contributors to the excellence that’s been established in the Steamboat Springs’ school system.

Justifying Luxury Home Prices

Tuesday, December 13th, 2011

Justifying Luxury Home Prices

Steamboat Springs Luxury

Steamboat Springs Luxury

What is a luxury home? We all know the answer and it’s very different for everyone. When you walk into a luxury home there’s something that stands out and resonates that it’s a quality home. Many of these attributes might fall into the definition of a Luxury home:

  •  -Large in size
  • -Grand and special location
  • -Quality finishes throughout
  • -The overall feel of what it luxury

But I’m going to focus this blog on what you might not see in a Luxury Home that in my mind, justifies the price even more than the Walnut hardwoods, or the marble counter-tops, or the Wolf Range. When I tour and sell luxury homes in Steamboat, there’s a part of the home I never overlook, it’s the part of the home that’s so crucial in the Rocky Mountains that if not done properly, will devalue the home by hundreds of thousands of dollars and cost the owners a lot of money in the long-term.  I’m referring to the heating and cooling systems and the way the home is insulated. If done correctly, the home will not only save the owners lot of money but the home will live more comfortably then if done by cutting cost.