Archive for the ‘Uncategorized’ Category

Steamboat Springs Flooding

Monday, June 6th, 2011

With several feet of snow in the hill, Steamboat Springs, Colorado, aka: Ski Town USA is about to go under water. Depending on the temperatures, the snow on the mountains is now filling the rivers around Steamboat Springs.

This board walk is usually about 4-5 feet off the ground.

Steamboat Springs Yampa Flooding

Steamboat Springs Yampa Flooding

Here’s a recent news clip from the Elk River and the local paper

Time will tell how this will affect the lower areas around Steamboat. But people are starting to get concerned.

Flooding In Steamboat Springs Colorado

Flooding In Steamboat Springs Colorado

This is my favorite bridge with a lot of water running under it now.

No fishing in Steamboat Springs for a while

No fishing in Steamboat Springs for a while

Steamboat Springs — High waters continued to flow from rivers, creeks and streams in and around Steamboat Springs, Colorado on Sunday as the record snowpack continues to melt, and a flood warning remains in effect for much of Routt County until 9 a.m. Tuesday. Our fingers are crossed.

Steamboat Real Estate agent waxes telemark skis – World Championships here we come

Monday, February 28th, 2011
Charlie telemark racing at Steamboat Springs - Photo by Joel Reichenberger

Charlie telemark racing at Steamboat Springs - Photo by Joel Reichenberger

In one week, I will be leaving for Norway to compete in the Telemark World Cup Skiing Finals and the Telemark World Championships. So check back for I’ll be writing blogs during my travels. 

Hard to believe I have the time to race at such a high level let alone train for the events. But it’s all about focus and quality over quantity. At least in my hours put into this sport. I’ve been coaching telemark racing for the Steamboat Springs Winter Sports Club for a few years and have been racing on and off for several years. I call myself a racer/coach and when I have my race-face on I take it very seriously. Although it’s just a passion for my family and career in real estate take first priority over my adventures as a telemark ski racer.

Cascades at Eagle Ridge: A Steamboat Ski area townhome via Google Maps

Sunday, February 6th, 2011

Here’s a listing in Steamboat Springs. 1508 Cascades Drive, Steamboat Springs, CO. It’s a great 4+ bedroom townhome with 3.5 bath. It’s in a wonderful location but take a look for yourself. Here’s a street view of the place. Move the arrows and walk down for a look at the neighborhood.

Take a look at the listing information for this large townhome in the Steamboat Ski Area, don’t forget to view the video of the inside.

Just use the arrows on the top left to move around. Or click anywhere in the window to move there. Of if you literally want to move there call me first, Charlie Dresen 970-846-6435


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—For more on this topic or questions regarding real estate in Steamboat Springs, feel free to call Charlie at 970-846-6435 or write me an email at: charlie@steamboatsmyhome.com. I will answer your post or email promptly with candid and informed answers. Click here to view all properties in Steamboat Springs in “real time” — This is one of the few real estate sites showing all foreclosed and all short sale listings in real time and updated every few minutes.

Case Shiller down. Trouble? Double dip? Steamboat Springs is still a great place to live.

Tuesday, January 25th, 2011

It’s not a pretty report. 17 out of 20 major real estate market showed a deceleration in housing prices. And 9 markets: Atlanta, Charlotte, Chicago, Detroit, Las Vegas, Miami, Portland, Seattle and Tampa hit their lowest since 2006/2007.

Click here to view the Case Shiller Jan 2011

These reports are from data collected up to November so I’m hoping the next report will show improvements from December and January. I know things have become a little better in Steamboat Springs. But the Steamboat Springs market is affected by what goes on outside our little bubble. We have a lot of second homes and that means the primary homes of those second home owners are feeling the changes. And we’ve seen this change in some distressed sale in most every area. We had a home in the Sanctuary sell last week for $341 per foot. And this was a new home near the mountain area. Others are affected too. There’s been some recent sales in the Fish Creek area that were second homes as well. And were seeing it near the Steamboat ski area too where some places like Eagleridge townhomes are seeing way to many distressed properties.
The good news is there properties are selling. Most of them anyways.

Aspen, Vail, Breckenridge and others bouncing back. Will the Steamboat Springs real estate follow?

Monday, January 3rd, 2011

There’s no doubt, Colorado resort real estate has been riding a roller coaster. Long ups and long downs and now it appears as though areas like Aspen, Vail and others, and maybe even Steamboat Springs real estate is approaching bottom and some are even latched onto the chain for a long slow climb. Typically, Steamboat Springs real estate lags behind some of the more progressive market and I don’t doubt that this is the case today either. We are still seeing several foreclosures and short-sales in all price categories. And until these get through the systems, our prices will stay flat. But over the holidays I’d say that the barometer for real estate is increasing. Here is an article from the Aspen Times:

“ASPEN — The mountain resort real estate markets in Aspen, Vail and Breckenridge bounced back in 2010 after bottoming out in 2009, but they aren’t close yet to returning to their glory years.

New Snow in Steamboat – Record 2 Year High . . . for S & P

Tuesday, December 21st, 2010

160 inches so far and 15 inches over the last 48 hours. Snow conditions are great in Steamboat Springs. If your coming to Steamboat Springs for the holidays, you’re in for a treat. The coverage of snow for this time of year is amazing.

The S & P rose to near 2 year record number today. And some good numbers coming from Nike showing a 22% profit rise. Adobe had good profits causing their stock to inch up 6%.

The Census Bureau reported Tuesday that the population of the United States grew 9.7%, to 308.7 million people over the past decade — the slowest rate of growth since the Great Depression. But given our economy hasn’t been this sluggish since the Great Depression the slowing is not a huge surprise.

Most things were up today. But interest rates dropped a bit today. They climbed to 5% over the last week but dropped a tad bit today to 4.9%. It appears we’ll be around this mark for a while.

Edgemont Ski-in/Ski-out – Location, location, location = Sales

Sunday, December 19th, 2010



Edgemont, Steamboat Springs newest ski-in/ski-out residences are proving again that location is the predominant characteristic that dictates real estate sales and values. Completed in 2009, Edgemont, at the base of the Steamboat Springs ski area in Colorado, is now over 50% sold out and with very little debt, Edgemont is the most successful and attractive new slope-side property in Steamboat Springs. There are 39 residences and only 18 remain. From 1 bedroom units at $726,400 to 5 plus bedroom units at 3.3 million, there’s something special for everyone. And with the ski season upon us, the interest is high in the remaining units. Owners enjoy spectacular views of the entire Yampa Valley and spacious open floor plans ideal for entertaining. Edgemont offers a host of amenities that bring families together both inside and outside of the home. There’s a large outdoor saline pool and hot tub. There’s a large outdoor fire pit making après ski about as perfect as it could be.
And if you’re looking to rent your Edgemont residence, the projected income is very attractive. From $63,000 for a 2 bedroom unit, $101,195 for a 3 bedroom unit, $116,374 for a 4 bedroom unit and $133,830 for a 5 bedroom residence. And 2010/2011 rental bookings are proving to be better than projected.

Steamboat Springs, Colorado – Real Estate Market Report for November 2010

Friday, December 17th, 2010

November was a slow month for real estate transactions in Steamboat Springs, Colorado. In comparison to the prior November it was down significantly. But looking over the numbers to date, there has been a vast improvement from last year. Most likely this November drop was just coincidence but there are a few signs that might shed some light on the drop in real estate sales. For starters, congress has been working on the tax bills / tax cut extensions and this has caused a bit of a stir. In looking deeper, the November numbers show that the vast majority of the transactions occurred at the price point between $200,000 and $1,000,000. Thus, the upper-end buyers might have been tentative awaiting the tax extension vote. We’ll see if this hypothesis ring true and numbers increase during December and January.

Summary for the month of November:

Home Prices Flat in U.S. / Steamboat Springs Flat if not Falling a bit

Tuesday, December 14th, 2010

According to CNN money report, U.S. home prices fell 2% in the third quarter after having gained steadily since early 2009. The Case-Shiller Home Price index, the barometer for U.S. home prices, has seen a steady, albeit slow increase in real estate prices over the last few month. But that changed as of late.

“The S&P Case-Shiller Home Price Index has recorded gains in four of the previous five quarters, including a 4.7% jump between April and June 2010. That leaves national home prices down 1.5% year over year and off 2% compared to the second quarter, according to the Index, which was released Tuesday.

David Blitzer, chairman of the Index Committee at Standard & Poor’s, attributed some of the decline to the end of the government program that paid tax incentives to homebuyers but he pointed to other problems weighing on the housing market.

Almost 3 years since the Great Recession started

Tuesday, December 14th, 2010

I look back to 2009 when the Steamboat Springs real estate market was drying up. Talking to other agents there was talks about things getting better around late 2010. Well, seems many were wrong. But one thing that is showing signs of improvement is consumer spending.

“It has also been, as the Commerce Department reminded us this morning, three years since retail sales went in the tank. As of last month, they’re back. The Commerce Department said today November retail sales are basically where they were in the fall of 2007. Stores are loving that news as are economists. Consumer spending — as we’ve told you many, many times — is a huge engine for the American economy. ”

So we’re back to spending at 2007 levels. But I assure you, real estate values in Steamboat and Routt county are no where near 2007 levels. In looking at some properties around Steamboat Springs, it starting to appear that today’s home, townhome, and condo prices are somewhere around 2004-2005 prices. Meaning if you bought a condo in the Villas back in 2005, that same condo today is around the same price.