Archive for March, 2014

Steamboat Springs Real Estate Report

Friday, March 28th, 2014

Steamboat Springs Real Estate Report

Nothing screams “springtime in the Rockies” like 50 degree days and bluebird skies followed by snowstorms dumping 5-8″. I love Colorado. You never know what the weather will bring.

Spring is in the air

Spring is in the air

February was a good month for real estate transactions in Steamboat Springs, in fact, the best February in 5 years! We saw 98 transactions in Routt County for a total of $38.7M in gross volume. 51 of these transactions were fractional sales.

> February volume was UP +26.2% from February 2013
> February transactions were UP +4.26%  from 2013
 > 25% of transaction volume was under $500,000
56% of transaction volume was over $1M
6 Bank sales compared to 3 in January

Even though February was a good month, it did not quite make up for the January’s sluggishness. We are down -9.14% in YTD gross volume but we have many months ahead to make up for that.

Steamboat Tops Another List – Best Small Town

Tuesday, March 25th, 2014

Steamboat Tops Another List – Best Small Town

I’ve written before about Steamboat Springs topping lists of greatest ski areas and such. Like last summer Dog Fancy Magazine named Steamboat “Dog Town USA”, stating that our community is “a mile-high mecca for dogs and their owners, embracing a love of canines in daily life and activities year-round.” I must agree, we are dog people here in Ski Town USA.

Does this photo need a caption?

Dogs love Steamboat, mud or snow.

Most recently, however, Smithsonian.com named Steamboat one of America’s 20 Best Small Towns to Visit. For this particular list, the Smithsonian was looking for places where at least per capita “cultural opportunities abound”. They highlighted the fact that Steamboat, in addition to our world-class black diamonds at Steamboat Ski Area, offers orchestral concerts and operas, a world-class music festival, free concert series, and great music year-round.

"I can't believe all the talent on that mountain," Lee Ann Womack tweeted of her January appearance at MusicFest in Steamboat Springs. (Photo by Todd Purifoy courtesy of Smithsonian.com)

“I can’t believe all the talent on that mountain,” Lee Ann Womack tweeted of her January appearance at MusicFest in Steamboat Springs. (Photo by Todd Purifoy courtesy of Smithsonian.com)

How Strawberry Park Got Its Name

Thursday, March 20th, 2014

How Strawberry Park Got Its Name

Steamboat Springs is full of history. Things you probably did not know and would not have expected, Ute Indian folklore, the legacy of producing Olympic athletes and how the town and neighborhoods got their names. Neighborhoods like our beloved and beautiful Strawberry Park. You don’t really expect strawberries to be prominent in a mountain town like Steamboat and yet….

                          Steamboat’s Berry Boom

(Written by Candice Bannister, Executive Director of Tread of Pioneers Museum in Steamboat Springs, for Steamboat Today on March 19, 2014.)

Picking strawberries in Strawberry Park in 1915. (Photo courtesy of Tread of Pioneers Museum)

Picking strawberries in Strawberry Park in 1915. (Photo courtesy of Tread of Pioneers Museum)

Did you know that even with our short growing season, the strawberry business flourished in Steamboat Springs between 1900 and 1916? It all started in 1900, when Lester Remington grew the soon-to-be-famous Remington berry on his land in the area now known as Strawberry Park.

Steamboat Senior Living Facility Makes “Best in Colorado” List

Thursday, March 13th, 2014

Steamboat Senior Living Facility Makes “Best in Colorado” List

I know first hand the challenges of dealing with aging parents. It’s complicated. Thankfully senior living and housing is not what it used to be. For example, Steamboat’s newest senior living facility, Casey’s Pond, offers a variety of housing and care options. As they like to say, “Casey’s Pond is a continuum of care retirement community that fosters wellness and active longevity in an environment of majestic beauty.”

Casey's Pond Distinctive Senior Living

Casey’s Pond Distinctive Senior Living

 

Casey’s Pond was recently recognized by U.S News & World Report as one of the “Best Nursing Homes in Colorado.” It received an overall 5-star rating for health inspections, nursing staff and medical quality of care. Colorado ranks high in long term care according to this recent NPR article. 

Exceptional medical care and nursing staff at Casey's Pond

Exceptional medical care and nursing staff at Casey’s Pond

2 Tips To Save Your Home From Flooding

Tuesday, March 11th, 2014
Flooding in Steamboat Springs

Flooding in Steamboat Springs

It’s Sump Pump Season – That time of year when the snow is melting and crawl spaces and basements can flood. Because we have a lot of snow melt in a short amount of time, many homes in Steamboat experience flooding which can be devastating.

Luckily, you can avoid this awful and costly situation with 2 simple devices: 1. A sump pump   2. Water powered back-up pump.

1. A sump pump

A sump pump removes water from a crawl space or basement and can be purchased at most home improvement stores starting at $145.

Fortunately, a sump pump requires little maintenance, until it stops working. And if a sump pump fails to operate when needed, flooding ensues.

There are 2 ways for a sump pump to stop working:

• Sump pump breaks ( which they do )

• The power goes out ( which it does )

A Steamboat Home Your Dog Will Dig

Wednesday, March 5th, 2014

A Steamboat Home Your Dog Will Dig

Oh goody, we are going for a ride! My humans are going to look at a home that’s for sale (410 Kelhi Court) in a neighborhood called Fish Creek Falls in Steamboat Springs, aka Dog Town USA. I really don’t care where we go, I just like to go!

Dogs and real estate

This is me in my favorite seat.

Things are starting off well, as we turn on Kelhi Court we realize it’s a cul-de-sac. That means it will be a safe and quiet street for the kids and I. Then we turn into the driveway…..

Kelhi Court, family home for sale in Steamboat Springs

…just look at that yard! Lush grass for rolling and chasing my tail and plenty of trees and bushes for, well, you know. I jump out of truck and sniff around. Yep, this is smelling good to me.

kelhi court, home for sale in Steamboat Springs, entryway, hardwood floors

Steamboat Springs Real Estate Report

Monday, March 3rd, 2014

Steamboat Springs Real Estate Report

Temperatures are rising a bit yet the snow is still falling. I guess you could say that spring is in the air in the Rocky Mountains.

As is typical for this time of year, we saw a decline in real estate transactions. January is typically a slow month regarding real estate closings. 69 closings for the month of January in Routt County, for a total of $20.4M in gross volume. This is a -40.58% decline over January 2013.

> Volume DOWN 40%  from last January

> Transactions were DOWN -31.68% from January 2013

> 71% of transactions were under the price point of $500,000

> Bank sales DOWN to 3 transactions in January from 7 in December

As I mentioned in last month’s real estate report, average home prices can be misleading as it is not a straight across the board number. Home values differ depending on the neighborhood.