Archive for April, 2013

Steamboat Springs Market Report May 2013

Tuesday, April 30th, 2013

Steamboat Springs Market Report May 2013

 

Highest dollar volume in over 5 years for March, 2013.

Total sales for March: $55,795,100 (up 46%)

Year-to-date sale: $120,966,700 (up 17.23%)

See the entire Steamboat Springs Real Estate Market Stats.

Routt County:

Marabou Ranch sells remaining lots for over $11+ million dollars. The Marabou Ranch Subdivision , one of Colorado’s premiere fishing developments, sold last month to an investment group with ties to William Stolz and the Stolz Group out of Georgia.

Sales for March:

Dollar volume was up 46.5% the month of March compared to last year! However, that is a little misleading because the actual number of transactions was 28% less than the same time last year. We just had  two, high-end, five million dollar sales which threw our numbers off a little. Three sales over 3 million dollars grabbed 46% of the dollar volume of sales.

Mud Season in Steamboat Springs, CO

Tuesday, April 30th, 2013

Mud Season in Steamboat Springs, Colorado

Okay, if you are planning on living in Steamboat Springs you need to know what mud season is all about.  I believe in educating myself and my clients. When I do this, I end up with happy clients and since I’m all about a long-term relationships, it’s a win-win for everyone.

No comment.....

No comment…..

 

mud (muhd)

1. a fine-grained soft wet deposit that occurs on the ground after rain…

2. Informal slander or defamation

Mud season (muhd seez’n)

1. The season that is not winter, spring, summer or fall. Usually found in the high Rockies.

2. Peaceful, quiet season in-between the traditional four season.

Mud season in Steamboat Springs is the season when the snow is either coming or going. It’s when the weather isn’t quite spring or fall or winter or summer. It’s somewhere in-between. Many people don’t like this season, I personally, really enjoy it.

Today’s New Housing Market, Part 1 of 3: Selling

Thursday, April 25th, 2013

Today’s New Housing Market, Part 1 of 3: Selling

 

CNN  Money Housing Report

CNN Money Housing Report

CNN Money just did a 3 part series on “smart strategies for buyers, sellers and owners” in today’s new real estate market. After 6 years of a housing collapse, we are seeing a significant improvement. Maybe we are at the bottom? Maybe we saw the bottom pass several months ago?  If we had a crystal ball, you wouldn’t be reading this and I wouldn’t be writing it.

Currently in the Steamboat Springs real estate market, the inventory of homes under $1.5 million is really low. The absorption rate in the Fish Creek Area of Steamboat Springs is just over 2 months – if all things stay the same, that means in two months, all the houses we have to sell in that category should be sold!  Because prices of real estate are based on supply and demand, if inventories remain this low, prices will rise . . . and fast.

Steamboat Springs Rocks! Free Summer Concert Series 2013

Thursday, April 25th, 2013

Steamboat Springs Rocks!  Free Summer Concert Series 2013

Steamboat Springs Free Summer Concert Series

Steamboat Springs Free Summer Concert Series at Howelsen Hill

Steamboat Rocks! The Steamboat Springs Free Summer Concert Series (the Concert Series) will, as usual, be a lot of fun. The Concert Series was formed in 1990 and supports our community in lots of ways. Everyone is welcome to the free concerts set outside in the summer breeze. Originally, the concerts were on the lawn of the Routt County Court House located in the center of downtown. Now their venues change and most are located on Howelsen Hill Ski Area or Steamboat Springs Ski Area. Typically the concerts are attended by 80% locals and 20% visitors making it a great local event.

The Concert Series commitment is to our community and they list the following on the Concert Series website:

  • - Provide FREE ACCESS to popular music for all ages.
  • - Build collaborations for special causes and events.
  • - Support Lift Up with food and cash.

Housing Plays a Major Role in our Economy

Monday, April 22nd, 2013

Housing Plays a Major Role in our Economy

 

Hill St. Old Town Steamboat Home for Sale

Hill St. Old Town Steamboat Home for Sale

There are many indicators that our recovery from the Great Recession is on the upswing and the housing market plays a major role in this. Standard & Poor’s  500 closed recently one point away from the all-time high from October 2007. But that is only interesting to approximately 53% of Americans who are in the stock market. According to a 2012 Gallup poll, this is the lowest number since Gallup started tracking this number.   A  lot of people are not that confident in the stock market . . . another interesting statistic is close to 100% of Americans live inside. I haven’t verified this data but, I’m pretty confident. That is one reason the housing market is such a good indicator of our economy.

STOP – Just STOP! We Need to Save Our Bears

Wednesday, April 17th, 2013

STOP - Just STOP! We Need to Save Our Bears

100 bears were killed in 2012 - up from 32 in 2011 in just three Colorado Counties.

We need to STOP and think and save our bears.

Bear 504 with his new collar

Bear 504 with his new collar -  Photo compliments of Sharon Baruch-Mordo

One interaction between a bear and a dumpster can mean a death sentence for that bear. Once a bear finds feed in your birdfeeder or tasty trash, he will learn to come back. It’s a little like finding out that wild raspberries taste good-they will keep looking for them to eat. And bear/human interactions are a losing battle for the bear. Colorado has a one-strike-you’re-out policy. If they can, the Parks and Wildlife department will tag and relocate the “problem” bear  but if it has another interaction with humans the bear will be killed. And  it will be your fault.

Change is Good

Monday, April 15th, 2013

Change is Good

 

Change is.

Change is.

Change is good, and usually, we fight it. But some change is good. Take for example winter, it will change, spring is definitely coming to Steamboat Springs. As the snow melts, we are seeing glimpses of green grass and hyacinth sprouting around the 3-foot berms of snow we still have lining our driveways. There is such a thing as change for the better.  Fortunately for our economy, change in the housing market is on its way.

In our local paper, the Steamboat Today, the numbers for Routt County building permits were just released. The regional area has seen an increase of 33% for the first 3 months of 2013 compared to the same time period in 2012.  The permit valuation was up from $14 million in 2012 to $21 million in 2013. Historically, the first quarter only reflects approximately 15% of the total permit valuation for the year so things are looking brighter.  Three major projects highlight the building permits: The Holy Name Catholic Church, Four Points Lodge at the ski area, and an 8-unit apartment building in Old Town.

Is it Time to Buy a Home in Steamboat Springs?

Wednesday, April 10th, 2013

Is it Time to Buy a Home?

Real Estate Affordability

Real Estate Affordability

 

Yes. Yes. Yes. The real estate market in Steamboat Springs is improving . . . rapidly.

Today just might the best time to invest in real estate in a long time. Prices of Steamboat Springs real estate is down. Interest rates are at a new lows. And consumer confidence is rising. If you think about a roller coaster, we are just about to climb up in real estate values.  In fact, we’re already seeing prices rise. So get in while rates are still low.

When interest rates rise, people will not be able to afford as much as they can today. So if you can find the perfect home today, buy it.

In Denver and Steamboat Springs, absorption rate is 2 months for single family homes. So it’s not that easy to find the homes of your dream. Inventory might go up this summer, but I’m not confident that will occur.

Steamboat Springs Plans for the Future

Monday, April 8th, 2013

Steamboat Springs Plans for the Future

I am continually impressed with how the Steamboat Springs community plans for the future and  thinks long-term. I was reading the Steamboat Today this morning and saw that the City of Steamboat was evaluating what to do with the 1% lodging tax they collect.  Annually, this tax generates between $650,000 and $800,000. What was interesting to me was how progressive and well, just neat, that my neighbors have voted in this tax and attempt to use it wisely. The projects that are up for consideration are all projects that will greatly benefit our town. And these aren’t just infrastructure or boring things like that. These projects will directly benefit the locals and visitors alike for the long-term.

 

Four applicants made their presentations and four more are scheduled. The four that have already made their presentations were:

- Old Town Hot Springs

- Haymaker Golf Course

- Public Open Space Acquisition

Camp Robbers in Steamboat Springs, CO

Wednesday, April 3rd, 2013

Camp Robbers in Steamboat Springs, CO

No, not those kind of robbers, we just don’t have a lot of them here in Steamboat Springs, Colorado. I’m talking about Camp Robbers. The kind of Camp Robbers that you meet on the chairlift on Steamboat Springs Ski Area.

Camp Robbers – they are birds we know and love in the Rocky Mountains. They are a fearless and friendly bird that will come right into your camp and rob you of your food; hence the name, Camp Robbers. They are also known as Gray Jays or Perisoreus canadensis.

Camp Robber eating BROWNIES at the bottom of Morningside Chairlift

These omnivores eat seeds, berries, insects, small rodents, brownies, peanut butter and jelly sandwiches, and french fries. They are quite busy in the summer caching their food by creating pellets using their sticky saliva to paste it into small crevices amongst the trees. They will eat these hidden meals during the winter months when brownies are not abundant.