January 19th, 2012
Oil Found in Steamboat Springs – What does this mean for Real Estate?
Just west of Steamboat Springs, Quicksilver Resources confirmed their first horizontal well on Wolf Mountain in Routt County has demonstrated it is capable of producing 500 barrels of oil per day according to the Steamboat Today.
Unlike the vertical wells drilled between 1960 and 1980, these horizontal wells actually drill under or near local homes in and around Steamboat Springs, Colorado. And considering most people who own real estate in Steamboat do not own the mineral rights, these home owners will not only not benefit from these wells, but they might be severely impacted as well.
It’s been stated that there will be on-going testing of well water in the areas adjacent to the horizontal drilling site on Wolf Mountain. Owners in the area are concerned their well water will soon be contaminated.
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Oil Found in Steamboat Springs – What does this mean for Real Estate?
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Tags: Niobrara Shale, oil, oil reserve, Quicksilver Resources, real estate, saddle bow lane, steamboat springs, testing, well water, Wolf Mountain
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January 17th, 2012
Home Ownership Drops Significantly for First Time Buyers
Home ownership is down and the hardest hit are the young and first time buyers. In Steamboat Springs, we’ve seen two back to back years with over 300 foreclosures in Routt county. In 2011, 23% of the total transactions were bank owned or foreclosed properties. Yes, people are buying these foreclosures, but home ownership drops significantly for first time buyers and those under 40.
Home Ownership Drop by Age
Upon a closer look, not all age groups had similar experiences throughout this cycle. Those under 25 and over 65 were mildly impacted. Largest hit were people in their 30’s and I’d assume many were first-time buyers. That group now has home ownership below the marks of 2000, well below the height and housing bubble of 2005.
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Home Ownership Drops Significantly for First Time Buyers
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Tags: bank owned, colorado, down, first time buyers, Foreclosed homes, foreclosures, home ownership, Home Ownership Drops, home prices, homeownership, steamboat springs
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January 11th, 2012
Steamboat’s newest restaurant is now open. Laundry, Steamboat Springs’ freshest hip-spot is a breath of fresh air for Steamboat. Like I said the other night while eating some fantastic food and bathing in the atmosphere, we no longer have to drive to Boulder for such an experience.
Born and raised in Seattle, I feel that Steamboat lacks a little in the metropolitan life. We have more farming and feed stores than coffee shops and more stores selling cowboy hats than sushi restaurants. So when a new restaurants open in Steamboat Springs, Colorado, hopes are high.
Laundry is great. With its rustic, warehouse like brick walls to the fabricated art-deco wine rack, it’s feels more like Seattle or Chicago than Steamboat.
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Steamboat’s New Hip-Spot Restaurant: Laundry
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Tags: creekside, Laundry, New Restaurant, Rex Brice, Soda Creek building, steamboat springs
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January 9th, 2012
The business of Real Estate has changed significantly over recent years. 96% of buyers use the Internet for their real estate needs.
I have been helping people buy homes for over 9 years. What is crazy is that the home buying process that most people use is based on an era where information was tightly held by the real estate industry. The times have changed. This “internet thing” has changed the rules of the game, in your favor!
- Your Mouse Has Replaced Your Car – You’re a click away from seeing all the new listings in Steamboat Springs, Colorado. No more driving around your favorite neighborhoods to see what just hit the market. You can use several special tools that I will show you to let you be “in the know” for what you want to know, about any neighborhood or part of town that you find interesting.
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A Changing Real Estate Industry – Consumer Tools and Information 24/7
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Tags: Buyers, information, internet, marketing, real estate, selling real estate, steamboat
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January 8th, 2012
Steamboat Springs, Colorado Condo Investment: How to Buy Smart.
Investing in a condo in Steamboat Springs
Before you buy that awesome condo as a second home/ski vacation get-away that you’re banking on to pay for itself via rental income, think beyond what you like and make sure it’ll be attractive to your future renters as well. The thought process should go something like this:
What I Might Want in a Second Home/Condo
- Good location – easy access to town and ski mountain
- Size – Ample bedrooms and bathrooms
- Overall floor plan that’s comfortable
- Amenities: hot tub, pool, fitness room, shuttle service, indoor parking, owner’s storage space, wireless Internet service, washer/dryer in unit
- Condition
- Low HOA fees, but an HOA that covers the normal HOA expenses
- Healthy Capital Reserve Fund (no sense having low HOA fees if your HOA Capital Reserves are so low that you’re getting assessed an extra fee every quarter too)
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Steamboat Springs Condo Investment: How to Buy Smart
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Tags: How to Buy Smart, investing in Steamboat, investment condo, ski condo investment, smart money in Steamboat, Steamboat Springs Condo Investment
Posted in Buyers, Sellers, Steamboat Springs Luxury | No Comments »
January 6th, 2012
This is not uncommon to see a home being torn down for a new home. After all, location is still the driving force in real estate. Whether it’s a ski-in / ski-out Steamboat Springs, 5 bedroom ski condo, or a North Palm Beach 12,000 square foot masterpiece, locations like these just can’t be replicated.
Tiger Wood Elin Norgegren Home
Elin Nordegren, Tiger’s ex bought the home for 12.3 not too long ago. Her plan was to remodel the water front home with an indoor pool and elevator. But after more thought, Elin felt a new home was just a better idea. So last week, down it went. Seems a shame to tear down that 1932 gem, but then again, she’s helping the local economy.
Read a little more about this here.
Tigers Woods ex Home
Tags: 12 million, Antlers ski vacation, Elin Nordegren, home, north palm beach, steamboat ski property, tiger woods, waterfront
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January 5th, 2012
A two sport day is common here in Steamboat Springs, Colorado. Skiing and Pilates. Or maybe skiing and fly-fishing. Golf and tennis. Biking and swim in the hot springs. But it’s the three sport days that really says something. Either that you don’t work much or you’re a true Steamboat Springs local. An article came out today from Fox News.com talking about all there is to do in Steamboat Springs. It’s true, we’re not just a ski area. And the word is spreading. Click here to view the article.
Yampa River Rainbow
Biking with Andy Schleck
Tags: fox news, fox news.com, skiing, steamboat springs
Posted in Fishing, Steamboat Skiing, Steamboat Springs Lifestyle | No Comments »
January 4th, 2012
For several year now, Realtors, Builders and Architects have been saying that people are moving away from larger homes. That McMansion or Mega-homes are less desirable then they were in earlier years. Mansion homes sales are waning and there are far less under construction then just 5 years ago.
Many people are leaning towards smaller residences that are more manageable, more affordable, and make more sense. But in Steamboat Springs, Colorado, it just so happens that one of the most desirable new ski-in/ski-out condos available, all of the larger 4 and 5 bedroom residences have all sold-out and 75% of the three plus condos are sold as well. Edgemont, on the edge of the Steamboat ski slopes is selling so well that all that remain are the smaller 2 and 3 bedroom ski area condos.
Edgemont in Steamboat Springs
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Bigger is Better and Selling in Steamboat Springs
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Tags: bigger is better, Edgemont, Selling, ski area condo, ski in ski out, Steamboat ski area, steamboat springs
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December 29th, 2011
Steamboat Springs’ Ski Mountain annual New Year’s celebration includes the torchlight parade and fireworks on the ski mountain. Steamboat Ski & Snowboard School instructors volunteer to carry the torches that light up the mountain as they ski down the slopes as part of the New Year’s Eve festivities. Fireworks follow and offer an amazing array of colors as they reflect off the snow covered ski mountain.
Steamboat Springs New Year's Celebration
These events start at 7:00pm, but you can begin your après ski New Year’s celebrations well before at one of the many fun and festive mountain base establishments. Here’s a few that offer great mountain views as well as après ski treats:
- Truffle Pig
- Slopeside
- Saddles
- Gondola Joe’s
- Bear River Terrace
- Umbrella Bar
- New Year’s Eve in Steamboat Springs
Be sure to check out the Steamboat Today newspaper on Friday, 12/30 and Saturday, 12/31 for all the New Year’s activities and celebrations going on around Steamboat Springs. Have a fun and safe New Year’s Eve celebration – Happy New Year!
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New Year’s Eve in Steamboat Springs
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Tags: 2012, Fireworks, Holiday Celebration, Midnight, New Year's Eve, Ski Mountain, steamboat springs, Torchlight Parade
Posted in Buyers, Sellers, Steamboat Skiing, Steamboat Springs Lifestyle | No Comments »
December 27th, 2011
No snow over the Christmas holiday is bad news for the Steamboat Springs Ski Mountain, but at least the snow making machines have been able to compensate with the man-made stuff and turned what could be really bad into something passable. If only there was some magic wand to wave over the housing market so things would start to pick up and stay up. The Case-Shiller October Home Price Index is not showing any news we can feel good about on a national level.
The Case-Shiller index covers half of all U.S. homes. It measures prices relative to those in January 2000 and creates a three-month moving average. The monthly data are not seasonally adjusted.
The October report yields the following less than optimistic news:
* 19 of 20 cities showed home price decreases versus September numbers
* Versus October 2010, the 10 and 20 city composites posted annual returns of minus 3.0% and -3.4% respectively
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October Case-Shiller Report Shows Less Holiday Spirit
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Tags: Buyers, Case-Shiller, Case-Shiller Home Price Indices Report, Economic Recovery, Market Data, October, real estate, Sellers, steamboat springs
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