Archive for August, 2012

Hope for Downtown Steamboat Springs Performing Arts Venue Still Alive

Friday, August 31st, 2012
Chief Plaza Theater (photo by Matt Stensland)

Chief Plaza Theater (photo by Matt Stensland)

Hope for Downtown Steamboat Springs Performing Arts Venue Still Alive

According to an article published yesterday in the Steamboat Today, Friends of the Chief Has New Plan to Finance Theater Purchase, there is renewed hope that the purchase and renovation of the formerly fabulous (and notoriously haunted) downtown Chief Plaza Theater into a performing arts venue might be for real this time.

After months of difficulty with obtaining the financing necessary to close the deal and a failed USDA loan application, it seemed as if this deal was as good as dead.  A local non-profit group, Friends of the Chief, had been working for some time to finalize plans to purchase the building and each time success was close, everything seemed to fall apart.

For a great piece about real estate agents and their community, read my blog, Real Estate Agents Sell a Community, Not Just a Home.

Steamboat Springs Market Report July 2012

Tuesday, August 28th, 2012
Thumbs Up!

Thumbs Up!

Steamboat Springs Market Report July 2012

Last month was a pretty big deal for real estate in Steamboat Springs and the surrounding Routt County communities.  Take a look at my Steamboat Springs June 2012 Market Report to get a better idea of what I’m talking about. Well,  the July numbers are in, and while they are not quite as impressive as last month’s numbers, there was still a lot of positive activity which  supports the continuing market improvement.

Although down from last month, dollar volume for July 2012 was up from July of 2011 by nearly 6%.  Transaction numbers have followed the same trend, down from last month, but up an impressive 26.58% over July of 2011.  Also up were the year to date numbers with July further supporting the trend in increasing gross volume with the year to date cumulative numbers up by about 6.3%.

Market Analysis Graph

Market Analysis Graph

New Home Construction Looking Up Locally And Across the Nation

Monday, August 27th, 2012

New Home Construction Looking Up Locally and Across the Nation

A report issued by the Census Bureau last week stated that new home construction permits increased by a greater number than anyone expected this July.  According to a recent article published on the CNN Money website, Home Construction Hitting Its Stride, building permits rose 6.8% to an annual rate of 812,000 permits in July, the highest rate in nearly four years.  That number was up nearly 30% as compared with July of 2011. It’s about time!

New construction in Steamboat

New construction in Steamboat

And, not only is new home construction picking up across the country, it’s up locally too.  An August 17, 2012 article in the Steamboat Today confirms that the trend has taken root in Steamboat Springs, Colorado and the surrounding areas.  According to the article, the Routt County Regional Building Department, stated that while only 14 single-family home building permits were issued in all of Routt County during the first six months of 2012, 11 new building permits for single-family homes were issued from July 1 through August 10 of this year.

Do Rising Mortgage Rates Mean It’s Time To Buy?

Friday, August 24th, 2012

Do Rising Mortgage Rates Mean It’s Time To Buy?

I recently read an article on the Inman News website that got me thinking.  That article was called Mortgage Rates Going Up, Up, Up and can be read in full by clicking on the link.  Although mortgage rates have been (and still are) at historic lows for quite some time now, we all knew that it couldn’t last forever.

Mortgage rates rose for the fourth week in a row, and although they are still comparably very, very low, some industry analysts feel that the rising rates will create a sense of urgency and encourage buyers to purchase at rates which are still low before it’s too late.  I’m not certain about what the future holds, but I can give you a picture of what the numbers look like.

Fly Fishing in Steamboat Springs and Northwest Colorado

Thursday, August 23rd, 2012

Fly Fishing in Steamboat Springs and Northwest Colorado

Brown Trout in Steamboat Springs

Brown Trout in Steamboat Springs

The New York Times recently published an article in its Travel section about the pleasures and perils of fishing in Colorado, mainly Northern Colorado.  Please see Casting in Colorado, Away From The Crowds for the full article.  As you may or may not know, Colorado has some of the most complex water laws in the nation as it applies to fishing.  In many other western states, a fisherman is permitted to walk along a river’s waterline, even though the river may be located on private land.  In contrast, private landowners in the state of Colorado have ownership rights to the shore, as well as the land underneath the river, too.  This can make fishing on private land in Colorado pretty complicated.

View a previous post about Fly Fishing as a way of life in Steamboat Springs, Colorado.

Wild West Air Fest helps close out summer in Steamboat Springs

Sunday, August 19th, 2012
Steamboat Balloons (Photo by the Steamboat ChamberResort Association)

Steamboat Balloons (Photo by the Steamboat Chamber Resort Association)

Wild West Air Fest helps close out summer in Steamboat Springs

If you’re a local, you’ve probably observed that our mornings have been growing progressively cooler.  As August turns to September, the change of seasons will soon bring with it the crisp clear nights and frosty mornings that are characteristic of the autumn and winter seasons in Steamboat Springs, Colorado.  Although it seems as though summer is coming to a close in our little mountain town, there’s no need to be sad because there’s a grand celebration on the horizon.  It’s the 8th Annual Wild West Air Fest and Labor Day Weekend Celebration!

The festivities begin Friday, August 31st and continue through to the following Monday, September 2.  The weekend includes a vintage and warbird static aircraft display, classic cars, radio controlled airplane shows, a Wings over the Rockies KidSpace and so much more.  Click here for more information about all the happenings.  Click here to see the official schedule.

Buildable Lot on the Yampa River in Steamboat Springs, Colorado

Saturday, August 18th, 2012
Ski Area Views

Ski Area Views

Buildable Lot on the Yampa River in Steamboat Springs, Colorado

Have your very own piece of paradise in Steamboat Springs, Colorado when you purchase this 1/2 acre buildable lot with 83 feet of Yampa River frontage!

Home to some of the best fishing in Northwest Colorado, the Yampa River is well-known for its abundance of rainbow, brown and cutthroat trout. Imagine waking up a little earlier than usual one crisp late summer morning, slipping on your waders, grabbing your fly rod and an assortment of your favorite flies and walking out the back door of the custom home you’ve just built to practice your casts only steps from the warm bed you just crawled out of.  This is the kind of life that many will only dare to dream of.  You can choose to make it your reality.

Steamboat Springs Free Summer Concert Series Wraps Up Tonight

Friday, August 17th, 2012
MarchFourth Marching Band

MarchFourth Marching Band

 

As summer draws to a close in Steamboat Springs, Colorado, we welcome the MarchFourth Marching Band (M4 to its fans) to town to bring in the final performance of the 2012 Steamboat Springs Free Summer Concert Series.

According to M4’s website, what began as a Fat Tuesday party eight years ago in Portland, Oregon has become one of the nation’s best live touring acts.  A far cry from your typical marching band, M4 tours with an 8 piece horn section and 5 drummers, as well as funky bass, guitar and 5 dancers/stiltwalkers and puts on an energy-infused show filled with an eclectic blend of music drawing influence from New Orleans, Africa, Brazil and other world music genres.

 

The show starts tonight at 5:00 p.m at Howelsen Hill in downtown Steamboat Springs, Colorado.  If you go, please remember that you can’t bring Fido with you.  Also, no food or beverages are allowed inside the venue, however many delicious food and drink options are available for purchase once you get inside.

Steamboat Springs Seller’s Net $10,000 More Because of a Real Estate Video

Wednesday, August 15th, 2012

Steamboat Springs Seller’s Net $10,000 More Because of a Real Estate Video.

Using video in real estate works. Now I can’t definitively say my clients made more money because of a real estate video of their home, but I can make a good argument it helped get the sales price higher.

This Steamboat home closed recently for $585,000.  The asking price was $590,000 and below are the details:

Real Estate video

Real Estate video

When I list properties, I’m a firm believer in having all the marketing completed before the home is listed in the MLS. This way when potential buyers are introduced to the home, they have everything they need to make decisions. This home in the Fish Creek area of Steamboat Springs was no exception. The pictures were ready and looking sharp. The custom web-page was ready with all the details. And the video was ready.  The home was listed on the MLS and 1750 Fish Creek Falls road was FOR SALE.

Resort Town Real Estate 2nd Quarter Market Trends

Tuesday, August 14th, 2012

Real Estate For Sale

Resort Town Real Estate 2nd Quarter Market Trends

The 2nd quarter has proven to be quite interesting for Routt County, Colorado,  as well as several other mountain resort community counties around Colorado.  If you read my June 2012 Market Report, you’ll remember that it contained some great news regarding all of the positive trends we’ve been seeing lately in resort town real estate,  as well as the national market.  After reading the 2nd Quarter Market Summary, it looks like some of those positive trends have been confirmed.  You can take a look at the full report by clicking the link below.

2nd Quarter Resort Market Report

The  2nd Quarter Market Report contains information provided by the Aspen, Avon, Breckenridge, Dillon, Eagle, Frisco, Glenwood Springs, Vail, Winter Park and Steamboat Springs Land Title Guarantee Company offices.  According to the numbers, both gross sales volume and the average price for a single family home increased in the 2nd Quarter by 6 percent or more in Routt County.  Eagle County was the only other county to also see an increase in average single family home prices, however all counties but Pitkin and Summit saw an increase in gross sales volume.