Archive for October, 2012

Prudential Real Estate to Become Berkshire Hathaway Home Services

Tuesday, October 30th, 2012

Prudential Real Estate to Become Berkshire Hathaway HomeServices

Steamboat Springs

Steamboat Springs

Prudential Steamboat Realty to become Berkshire Hathaway HomeServices.  As some of you may remember, big news hit the real estate world back in December of 2011 when Brookfield Residential Property Services announced its acquisition of Prudential Real Estate and Relocation Services.  Since that announcement, those of us involved in real estate both locally and nationally have been wondering just what was to become of the Prudential Real Estate brand, arguably one of the most well known real estate brands in the world.  With Prudential Steamboat Realty to become Berkshire Hathaway HomeServices, it looks as if this might be a bright new beginning.

From the Inman News website this morning comes the exciting news we’ve all been waiting for.  Prudential Real Estate, along with the Real Living brand, will come online sometime in early 2013 with a fresh new name:  Berkshire Hathaway HomeServices.  According to the article, HomeServices has formed a joint venture, HSF Affiliates LLC, to operate the Real Living and Prudential Real Estate affiliate networks and the future Berkshire Hathaway HomeServices brand. HomeServices is the majority owner of HSF Affiliates, with with Brookfield Asset Management retaining joint ownership.

Steamboat Springs Market Report September 2012

Monday, October 29th, 2012

Steamboat Springs Market Report September 2012

As with any business, real estate tends to fluctuate at least as much, if not more than most and following several straight months of positive and exciting news on both the local and national real estate market recovery, September, unfortunately, wasn’t the best.

That said, Case Shiller has seen 7 straight months of positive real estate prices:

Case shiller August

Case shiller August

See the August 2012 Market Report and Video for a comparison.

Gross sales volume was down about 26% from September of last year. Transaction numbers were also down by nearly 40%.  The price of both single-family homes and multi-family units was also down in just about every local geographic area, with the exception being multi-family units in the Strawberry Park, Elk River, Catamount and West Steamboat locations.  Prices remained flat in those sectors.  Vacant land prices were also down significantly as compared to  September of 2011.  Generally, prices were down across the board.  Because this is year-to-year comparison, this could simply mean that last year at this time was a particularly good month for local real estate, a bit of an anomaly, while September of 2012 was a particularly unfortunate month.  As I mentioned above, a great deal of fluctuation both month-to-month and annually is quite common and, if the national data are any indication of the state of market, it’s probably nothing to be particularly concerned about.

197 Hill Street…Beautiful, Unique, For Sale in Steamboat Springs, Colorado

Thursday, October 25th, 2012

197 Hill Street…Beautiful, Unique, For Sale in Steamboat Springs, Colorado

Welcome to another beautiful morning in the winter wonderland that Steamboat Springs, Colorado has become overnight!  Although I know that all of you have seen my other blogs about this home, Downtown Green Living at 197 Hill Street in Steamboat Springs, Colorado and Steamboat Springs Hill Street Home Offers the Perfect Lifestyle Balance,  this home is just so special and unique that I felt that it deserved another mention.

As we’re beginning to make our way into another long, snowy winter, the location of any home you might be thinking about purchasing becomes even more important and when we get to talking about location, you really can’t beat the location of this magnificent home.  Being nestled right in the heart of downtown Steamboat Springs puts it in just the right spot to enjoy all the convenience that downtown has to offer with just a short walk.

Townhouse for Sale Just Steps from the Slopes in Steamboat Springs,Colorado

Monday, October 22nd, 2012
Ski 1980s!

Ski 1980s!

For those of you who remember the 1980′s, you’ll recall that it was a time of great popularity for skiing in the U.S., as well as all over the world.  The colors were bold, the skis were long and skinny and the skiers, well, what can I say, they were as bright and shiny as the neon orange and green in my jacket.

Do you remember Alberto Tomba, the Italian alpine skier who dominated the sport for nearly a decade.  How about Bill Johnson, who in 1984 became the first American to win a World Cup downhill event and then became the first American male to win an Olympic gold medal in alpine ski racing.  Does the name Suzy Chaffee a/k/a Suzy Chapstick ring a bell?   While these three skiers were all famous for their athletic skill and prowess, they have one more thing in common…they would have loved this townhouse!

Outside View

Outside View

Another Housing Boom On The Way?

Friday, October 19th, 2012

 

Another Housing Boom On The Way?

New construction in Steamboat

New construction in Steamboat

From CNNMoney comes a very interesting and increasingly popular theory on the latest housing market recovery.  In an article published by Chris Isidora at CNNMoney titled A New Housing Boom,the author states that some experts believe this emerging market recovery is not only for real this time, but will go from mild to extreme, reaching peak levels similar to our last housing boom by 2015.

Related:  Housing Construction Grows By 15% in September

Signs of a solid recovery have been evident in the recent sustained increases in home prices, home sales and new home construction. Foreclosures are also down and the latest round of quantitative easing by the Federal Reserve has acted to push mortgage rates near record lows.  And while many economists have predicted that this recovery will be mild, producing only minimally impressive results, there exists a growing number of experts and economists who have begun to predict another housing boom.

Housing Construction Grows By 15% in September

Wednesday, October 17th, 2012

Housing Construction Grows By 15% in September

New construction in Steamboat

New construction in Steamboat

I woke up to some more excellent news about the housing market this morning.  According to an article by Martin Crutsinger of the Associated Press, US Housing Construction Up 15% in September, news from the Commerce Department this morning said that builders broke ground on homes at a seasonally adjusted annual rate of 872,000 in September. That’s an increase of 15 percent from the August level. Applications for building permits,  a good indicator of future construction, also rose nearly 12 percent to an annual rate of 894,000.  That’s the highest level since July of 2008.

According to the article, the strength in September came from single-family construction, which rose 11 percent, as well as the construction of multi-family residential units, which also rose by about 25 percent. And although construction activity is currently about 82 percent higher than the lows measured at the bottom of the recession in the spring of 2009, construction activity is still quite a bit below the approximately 1.5 million rate that is consistent with a market that’s in a little better shape.

National Christmas Tree Hails from Meeker, Colorado Area

Tuesday, October 16th, 2012
National Christmas Tree 2011

National Christmas Tree 2011

National Christmas Tree Hails from Meeker, Colorado Area

From the news desk at KRAI.com comes a story that should bring a good deal of pride to those of us living in the Northwest Colorado area.  The People’s Tree, the Christmas tree that is displayed just outside the White House in Washington, D.C. each year has been chosen and it’s coming from our neck of the woods.

The National Christmas Tree will be cut from the White River National Forest near Meeker, Colorado. Colorado lawmakers got together at the State Capital last Friday to make the exciting announcement.It’s no small honor to be the state that furnishes the National Christmas Tree, and one Colorado has had only twice before.

The tree will be cut on November 2nd, and then will travel across the country over the next month, before finally being displayed at the U.S. Capitol  November 26th.

Inventory Declines Are Affecting Homes in All Price Categories

Friday, October 12th, 2012
For Sale...Sold!

For Sale...Sold!

According to an article on the Inman News website, Inventory Declines Hitting All Price Tiers, a report from the online real estate marketplace Zillow Inc. shows the number of homes for sale nationwide fell 19.4 percent during the year ending Sept. 30.

The Zillow Research report separated housing inventory on the website into three price tiers for each market covered. Nationwide, the upper tier showed the highest reduction in inventory at 22 percent, followed by the middle tier at 18.6 percent and the bottom tier at 15.3 percent.

Among 101 metro areas covered in the report, inventory across all tiers dropped the least in the Hartford, Conn. (-4.6 percent), Albuquerque, N.M. (-4.9 percent) and New Haven, Conn. (-5.5 percent). One market — Little Rock, Ark. — saw a slight, 0.4 percent, increase in inventory.

For a list of comparables by city, click here

Snow on the way for the Steamboat Ski Area

Thursday, October 11th, 2012
Snow in Steamboat Springs

Snow in Steamboat Springs

We really need snow here in Steamboat Springs. Any precipitation will do. Rain, snow, we’ll take it. The ground is dry, the rivers are low, the reservoirs are low. What we need is a good old winter with tons of snow. We also need it because the bears are getting restlessand need to den up for the winter. See video below.

“Steamboat Springs — The slopes of the Steamboat Ski Area above 9,000 feet could see as much as 1 to 3 inches of snow overnight Friday into Saturday as a complicated, two-phase storm system takes over the weather in Colorado’s northern mountains.

The National Weather Service in Grand Junction is forecasting a 70 percent chance of showers in Steamboat Springs on Friday night and Saturday with an overnight low of 28 degrees Fahrenheit, but little or no snow. The forecast is different above 9,700 feet on Mount Werner during the same period where the chance of precipitation will be 80 percent and the overnight low is expected to reach 22 degrees, producing snow that will at least temporarily stick to the ground.

More Reasons To Love 462 Grand Street, Steamboat Springs, Colorado

Monday, October 8th, 2012

More Reasons To Love 462 Grand Street, Steamboat Springs, Colorado

A couple of weeks ago, I wrote a blog about a lovely little home in Old Town Steamboat Springs. I happen to think 462 Grand Street is pretty fantastic and I want to share with all of you a few more reasons why.

As you can see from some of the photographs on my website, as well as in this blog, this home is absolutely adorable.  With its original oak flooring and rooms full of warm, natural light, it just feels good to be here.  And, being located in the heart of downtown Steamboat Springs in the desirable Old Town neighborhood doesn’t hurt either.  An endearing covered porch, delightful kitchen with breakfast bar and artistic arched doorways give this home its own unique brand of charm.