Videos
Featured Video
The rEAL eSTATE Boom & Crazy Market
October 19, 2020 | by Charlie Dresen
Real estate is booming all over this country. And there's no looking back. Call me for an update.
Charlie Dresen 970-846-6435 or Charlie@SteamboatsMyHome.com
That’s a Wrap for 2021 | A Personal Thank You VIDEO
A personal THANK YOU goes out to all my clients who put their trust in me during 2021.
A personal THANK YOU to all my clients who put their trust in me in 2021. It was a banner year for real estate in Steamboat Springs with more records shattered. To put it into perspective, in 2019 through November, there was a healthy $642M in sales volume in Routt County. Last year (2021), through November, that figure ballooned to $952M. In 2021, there has been nearly $1.33 billion in sales volume, and price appreciation is what is driving the massive sales volume growth.Steamboat Ranch Sell “Lucky 2 Ranch”
Steamboat Glass House SOLD with Multiple Offers
Stunning Downtown Steamboat Springs Condo – SOLD
Emerald Meadows – I want that Pool
All The Room You Need
An Affordable Condo with EVERTHING
The Villas at Walton Creek
The Villas $379,000. Bright, sunny and conveniently located away from the road, this home has a true mountain contemporary feel. The new paint, carpet, tile, flooring and fixtures paired with the open floor plan, vaulted ceilings and mountain views make this home as beautiful as it is functional. Designed to live as a primary home and set up for second homeowners alike, the Villa’s offers low HOA’s and minimal maintenance. Close to the bus stop, hot tub and community park, life is just easy at the Villas. Two bedroom, one bath, one car garage and close to everything. #steamboatsprings #steamboatrealestate #realestateTrailhead Lodge – Amazing Amenities & Donuts
Trailhead Lodge combines both comfort and practicality in a sophisticated alpine style. Most owners buy because this is the ski pad they have always wanted. The easy rental income, posh amenities and killer location is just a plus.
This stylish studio is complete with high-end fixtures, chiseled granite, knotty alder cabinets and hardwood floors throughout, making your R&R after hitting the slopes as luxurious as possible. The sun-kissed deck and living room is the perfect place to start and end your day. As is the heated pool, grotto hot tubs, and exercise room, which are just an elevator ride away. Even better, grab your skis and hop onto the Wildhorse Gondola and hit the slopes.
It’s an ideal location to soak up the magical atmosphere of Steamboat.
#steamboatsprings #steamboatrealestate #steamboatsmyhome
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Website: http://www.SteamboatsMyHome.com Facebook: https://www.facebook.com/SteamboatsMyHome Instagram: https://www.instagram.com/charliedresen/
Charlie Dresen 970-846-6435 or Charlie@SteamboatsMyHome.com
The PERFECT OLD TOWN home in Steamboat Springs $1,995,000
Checks ALL the BOXES – A Vacation Dream Home $2,175,000
Staging Brings Attention for Homes
For 105 Years Old – She looks great!! $1,995,000
Privacy and View from this Single Family Home in Steamboat Springs
Fall Color on Buffalo Pass in Steamboat Springs CO | HOME $4,300,000
Life on Buffalo Pass $4,300,000
Buffalo Pass Home for Sale. A forest retreat minutes to Steamboat Springs. Enjoy a tour of this spectacular Colorado mountain home.
High Above Strawberry Park $4,300,000
High Above Strawberry Park...
An architectural masterpiece nestled in a lush and private hillside oasis. Less than 8 minutes to downtown Steamboat Springs, the ultimate in luxury, serenity and convenience merge together right here in Strawberry Park. This mountain home is a delight of whimsical when thoughtful, expansive yet cozy. Light filters through the home on cue and windows are perfectly positioned to highlight the spectacular views. The expansive master suite is located on the main floor and includes a sitting area with floor to ceiling rock fireplace, private covered terrace, walk-in closet, and incredible bathroom. The elegant study features wood paneling, fireplace and recessed lighting while the four additional bedrooms each showcase their own distinctive style. Discretely nestled near the top of a ridge, the 34-acre property borders National Forest - wildlife is abundant and those who enjoy outdoor recreation can rejoice with the convenience of hiking, biking and snowmobiling right from the home.
Click here for the property website with additional photos, information and a Matterport 3D Virtual Home Tour!
You can also click here for listing details.
All The Room You Need
BUYING TIPs for the COLD WINTER in Steamboat
Septic Systems – The HOT SCOOP on POOP
- Don't bury it in the winter. Unless it's clean and pumped.
- Don't drive over it with anything heavy. A crushed drain field is cost to fix.
- Don't flush or drain anything you're not supposed to. Make sure your TP is septic safe. And limit the grease you put down your drain.
VAN LIFE – 2020 Winnebago Revel
Drone Over Downtown Steamboat in the Winter
Private Water Fly-Fishing in Steamboat Springs
Private water fly-fishing in Steamboat Springs with Steve Henderson...
Fly fishing the Yampa and Elk rivers
Top Three Reasons to Live in Steamboat Springs, Colorado
Thank You Friends – 2018
Thank you to all my wonderful clients and associates for a great 2018! Here is a shout out to you all from SteamboatsMyHome...
Snow Removal in the Routt County – Bobcat Toolcat
Summer Fun in Steamboat
Moster Trout on the Tailwaters
Thank You 2015
Bear Cubs in the Back Yard
Marabou Ranch in Steamboat Springs
Pulled by a Horse Down Main Street
Big Moose in the Back Yard
Mud Season in Steamboat Springs – BEST
Flash Mob in Steamboat Winter Carnival 2013
Top 3 Reasons to Live in Steamboat
Living in Steamboat – A tough life . . .
Halloween in Steamboat Springs
That’s a Wrap for 2021 | A Personal Thank You VIDEO
A personal THANK YOU goes out to all my clients who put their trust in me during 2021.
A personal THANK YOU to all my clients who put their trust in me in 2021. It was a banner year for real estate in Steamboat Springs with more records shattered. To put it into perspective, in 2019 through November, there was a healthy $642M in sales volume in Routt County. Last year (2021), through November, that figure ballooned to $952M. In 2021, there has been nearly $1.33 billion in sales volume, and price appreciation is what is driving the massive sales volume growth.SOLD 787 McKinley Street – An urban farm with style
Ranch with a pond and so much more
Steamboat Ranch Sell “Lucky 2 Ranch”
Steamboat Glass House SOLD with Multiple Offers
Stunning Downtown Steamboat Springs Condo – SOLD
Emerald Meadows – I want that Pool
Fairview Home SELLS in RECORD TIME
When Outside is Just as Important as Inside – You go to South Shore
24375 Arapahoe Road
SOLD - South Shore at Stagecoach - Let the outside in. Just south of Steamboat Springs situated above the southern end of Stagecoach Lake is a beautiful, light filled contemporary home. The wall of south facing windows are filled with views of the lake, Blactktail Mountain and the Flat Tops Wilderness. Sitting on 1/2 acre, neighbors are near, but not next door providing space, privacy and room to breathe. The soaring vaulted ceiling in the great room feels as big as the landscape and the open floor-plan allows you to see the outside no matter where you are. The kitchen features stainless appliances, an island with bar seating and a gas range. There’s plenty of outdoor living space as well – some covered just off the kitchen as well as a patio with fire pit a short walk from the deck. A 2-car garage keeps cars and toys out of the weather. But yes, it’s all about the views. Stagecoach is a residential community located approximately 20 miles from the town of Steamboat Springs, adjacent to Stagecoach Lake State Park. This area offers a myriad of recreational opportunities, including boating, fishing, ice fishing, biking, hiking and more. This is a beautiful area overlooking the Stagecoach Reservoir where several subdivisions include a little bit of everything: condos, townhomes, single family homes, small ranches, “off-grid” properties, rural vacant land, and large acreage parcels.My Favorite Real Estate VIDEO of 2019 SELLS FAST
Steamboat Point Home SELLS with VIDEO and Proven Marketing
HIP CONDO near the SKI AREA in Steamboat SOLD
SOLD – Summer Months Around Elkins Meadows $5,200,000
BEAR CLAW Condo Sells in Steamboat Springs
Affordable Ski Condo SOLD
Old Town Home with Modern Lines
Majestic Townhome in Steamboat Springs SOLD
Oldest Home in Craig Colorado
Heritage Park Home SELLS Multiple OFFERS in Steamboat
Fireside, slopeside, poolside, courtside, trailside…SOLD!
SOLD – Ultimate VIEWS Over Stagecoach Lake near Steamboat
SOLD – 951 Paloverde Way in Steamboat Springs, Colorado. 4 BED | 4 BATH | 2 CAR | $759,000
SOLD The Lodge @ Steamboat Springs 3 BED | 3 BATH | $545,000
SOLD -A Top Floor Pines Condo $415,000
SOLD -FULL PRICE WEST END VILLAGE – $729,000
Single Family Home in the West End Village, Steamboat Springs
SOLD 5 Bedroom Home on Meadowbrook Circle $1,885,000
SOLD old town HOME sold in 4 days in Steamboat Springs
Old Town Home for sale in Steamboat Springs, CO. In high demand, this home nestled in downtown Steamboat Springs went under contract in just 4 days!
SOLD – Cross Timbers Ski Area 2+ Bedroom $699,000
SOLD -1885 Hunters Drive | 4 Bedroom In Steamboat Springs $759,000
4 bedroom home for sale in Steamboat Springs, Colorado
NOW SOLD
Spacious duplex on quiet residential street with ski area views. Hickory hardwoods and vaulted ceilings compliment the gas fireplace and west facing views. Large dining area and an open living floor-plan on the main level. All with radiant in-floor heat so efficient and comfortable in the winter. Three bedrooms upstairs with a large master suite with walk-in closet and one bedroom in the lower level in addition to a large family room. Plenty of space in this townhouse, and with a wrap-around deck, there's loads of outdoor living and BBQ opportunities. Local pond and walking trails across the street, city bus stop a short walk away. Ideal for full-time residence, part-time home, or potential rental income. Basement level of home can be locked off internally and has its own garden level entrance.
Click here for more information
The Best Investment in Town – SOLD
Cammie & Dave Give You a Tour : The Personal Side to Selling Real Estate
The Personal Side to Selling Real Estate: Cammie & Dave Give You a Tour
Real estate is an emotional business. Homes are where meals are shared, laughter is loud, and memories are made. Helping a buyer connect to a home on an emotional level is key when selling, and here's a perfect example. Cammie & Dave are selling their Cascades at Eagleridge townhouse and they are going to give you tour of their home...
Want more info? Click here to view listing.
Click here to see how I can help sell your home.
Blue Sage Log Home Sells – Welcome to the Hood
Seller Interviews WINS – A personal Approach to a SOLD Home
Single Family Home in the Whistler Area Sells FAST
Elk, Trout, Bears, Views, Firewood, & Privacy – SOLD
Bears. Yes, Real Live Bears help sell this Home
Super Fun Drone Shot – SOLD
Olivia Sells Real Estate – Olivia’s Home Furnishings
Best Views in the Fish Creek Area – SOLD
Dog Friendly Mtn. Vista – SOLD
DOG FRIENDLY MOUNTAIN VISTA TOWNHOME!
Enjoy a fabulous location and rather private setting within the highly desirable Mountain Vista neighborhood! This 2 bedroom townhome has lots to offer with an airy and open layout, plenty of natural light, vaulted ceilings and a two car garage. The covered front deck affords lovely south/west views of the Steamboat Ski Area and Emerald Mountain. A private covered courtyard from the main level master offers additional outdoor living and a serene space to retreat. This home has been recently remodeled and no details were overlooked. Beautiful German beech kitchen cabinetry with soft close features, custom laundry storage, bamboo flooring, and contemporary bathroom design are just a few of the thoughtful features included in the home. There is plenty of storage throughout the home including ski tuning area in the garage area. Conveniently located between downtown and the mountain, and just a short walk to Rita Valentine park, this is a wonderful opportunity for a savvy buyer.
Silver Spur Home Sells in 6 Days
Sold in 1 Week – A Rare 5 Bedroom
How to sell Real Estate on Day 1
Holy Cow Views – SOLD
Idyllic Ranch in Morrison Divide Ranch – SOLD
Groovy Music Sells this Fish Creek Home – SOLD
Spectacular Remodel in Old Town – Great Seller Interview – SOLD
Winter at Bucks Path in Elkins Meadows
Bucks Path, where every season is a true delight...
Home in Elkins Meadows
Summertime Lifestyle at Bucks Path
Wine & Dine in Elkins Meadows
Buffalo Pass Contemporary Home with Jaw-Dropping VIEWS – sold
Luxury Townhome with Ski Area Views – Ready for a Party?
Ski in/out Condo Top 10 SOLD
Super Cute Log Home in Fairview – SOLD
Highmark at the Base of the Ski Area – SOLD
Top 10 Reasons to Buy this Fish Creek Home – SOLD
Can an 8 year old Sell Real Estate?
Amazing Old Town Custom Home
Buddy Werner’s Home Sells in Steamboat
Iconic Werner Home Sells
Contemporary Gem in the Heart of OLD TOWN – Sold
Large Ski Area Townhome SOLD
Cool Modern Home in Fairview
Steamboat Springs Real Estate Market Report Nov 2022
- Number of Residential Sales – October 2021 = 120 2022 = 70
- Median Closed Price – 2021= $622,500 2022= $771,000
- Active Listings – 2021 = 144 2022 = 207
- Median Days in MLS – 2021 = 8 2022 = 32
- Weeks of Inventory or absorption rate – 2021 = 3.25 weeks 2022 = 12 weeks
- Pending Listings – 2021 = 107 2022 = 54
Steamboat Springs Fall Colors & Market Update
Steamboat Springs Fall Colors & Market Update
Real estate is very local. What’s going on nationally doesn’t mean the same thing is going on here in Steamboat Springs. So today, not only are we going to talk hyper local real estate market here in Steamboat, where we’ve noticed two strong distinct trends going on, we’ll compare that to national trends. We’re also going to show you the fall colors currently in and around Steamboat, just because we know that’s what you actually want to see. Those 2 strong trends we’ve recently noticed in Steamboat are:- New Nightly Rental Zoning Regulations
- Ski Area improvements
Did Real Estate Gains Peak in June . . . 2021? NOT PRICES, just gains.
Did Real Estate Gains Peak in June . . . 2021? NOT PRICES, just gains.
That’s a Wrap for 2021 | A Personal Thank You VIDEO
A personal THANK YOU goes out to all my clients who put their trust in me during 2021.
A personal THANK YOU to all my clients who put their trust in me in 2021. It was a banner year for real estate in Steamboat Springs with more records shattered. To put it into perspective, in 2019 through November, there was a healthy $642M in sales volume in Routt County. Last year (2021), through November, that figure ballooned to $952M. In 2021, there has been nearly $1.33 billion in sales volume, and price appreciation is what is driving the massive sales volume growth.Fair Market Value or Emotional Value???
Bubble, Boom or Bust – Steamboat Real Estate Market
Bubble, Boom or Bust - Steamboat Real Estate Market
Supply / Demand is the basic principle in economics. In real estate, it’s a delicate balance and equilibrium occurs when we have roughly six a month supply of homes. Today we have 1.4 months of supply which makes it a seller’s market. Low inventory continues to be the headline story in Routt County - and nationwide. The real estate market is still moving at a dizzying pace and is showing no signs of slowing down. Anecdotally, we continue to hear that there are multiple offers on homes that go on the market and for above asking price. Prices remain high as well: the average residential sales price was $1,150,776. In March, homes in Routt were active in the MLS for a median of 14 days, 50 days fewer than last year and 1 day less than last month. Key highlights include:- Routt County had a total of 174 transactions in March, up from 99 last year - a 75% increase.
- There was $127,401,573 in total sales (up 105% from 2020).
- Of the 174 transactions, 83 were local buyers, 32 were front range and 59 were from out of state.
- There were 96 residential transactions in March with an average residential price of $1,150,776.
- The average Residential PPSF was $483.
- There were 10 new unit sales in March with an average price of $895,410 and a $505 PPSF
- There were a total of 278 loans in March 2021, with 43% of purchasers closing with financing at the time of sale, and with 57% closing with cash.
- There were 212 refinances.
- Up until last summer our sales had been pretty predictable and constant. But starting last august, sales really start to pick up. So much so that in the last 7 months, the amount of transactions has increased an average of 82% from the previous 6 years average. That’s almost a doubling of sales each month since September 2020. And who’s buying? Typically, we have about 52% locals - 48% out of town buyers. Today, that number is changing with 47% locals - 53% out of town buyers. So yes, people are moving here from all over the country. We’re also seeing more cash buyers. Last month we saw Cash = 57% / Loan 43% (it’s typically around 50/50) To recap, the market it hot. Buyers far outnumber sellers and aligning yourself with an honest, knowledgeable, aggressive agent is invaluable. This is not a market for the faint of heart. It’s double black diamond all the way and I’m ready to help Click here to see all the statistics.ROUTT-MARCH-2021 Charlie Dresen 970-846-6435 Charlie@steamboatsmyhome.com
The rEAL eSTATE Boom & Crazy Market
Real estate is booming all over this country. And there's no looking back. Call me for an update.
Charlie Dresen 970-846-6435 or Charlie@SteamboatsMyHome.com
COVID-19 and Real Estate
COVID-19 and what might happen to the Real Estate Market
(Updated) Beginning next week, April 27th, real estate showings will be allowed. This is going to give a small boost the real estate business. This is one of the more difficult Vlogs I’ve ever prepared for because my opinions change daily. But over the last few weeks, I’ve become more resolute in my thoughts on the real estate market and how it’s going to be affected going forwards. This is nothing like the 2008 real estate crash. This is a health crisis and not a housing crisis. But, real estate will be affected. Housing market doesn’t always contract during recessions but with 70% of the economy being consumption, well much of that is on hold. I’m going to focus on two markets, primary homes and second or vacation homes. Primary Residences With real estate, and I believe this to be true for Steamboat and the rest of the country, if we isolate out primary residences, then those value will likely go down, but not as much as one might think. Short-term Inventory is still very low. Even lower today because many owners have withdrawn their listing to reduce their exposure from the virus. Another reason is we are living in our homes for twice as long as we used to. In 2019 the average person living in their home is 8 years, 3 months. Back in 2000, it was just 4 years. We also have less buildings of new homes. So, supply remains low, both in Steamboat and nationwide as a whole. Now, over the last month demand has slowed considerably. But once we begin to emerge out of the current crisis, I see demand picking up. However, with so little demand, many sellers who need to sell will likely begin reducing prices to attract those willing to step forward with a purchase. I see values dropping between 5-10% over the next few months. The sooner this crisis ends the better. But I don’t see prices rebounding anytime soon. There’s a lot of financial uncertainty we need to get through first. Long-term It’s projected that the location neutral work-force might increase by as much as 30% as we’re seeing companies accommodating these work-from-home measures. I also feel that smaller town, communities like Steamboat that offer so much, will be sought after as a more healthier lifestyle becomes a priority. So long-term, towns like Steamboat Springs will grow and more people will want to make Steamboat their home and thus, real estate values will go up. Secondary Residence Roughly half of the properties in Steamboat are second homes or ski condos. I believe this market is in for a rougher ride. Since many of these owners look to generate income from short-term rentals, the outlook on tourism and rental income is up in the air. Given much of the Steamboat economy relies on tourism, it’s really hard to predict when we’ll see capacity numbers again. These secondary residences are also discretionary purchases and with the economy going though turbulence, I feel we’ll have less buyers today over the next year or two. And while interest rates are at an all-time low, the jumbo loan market (loan over 625,000) have pretty much evaporated with most lenders not able to offer such loans. Demand for jumbo mortgages has dried up as investors turn to mortgage bonds for government-backed loans where they’re assured of receiving payments. Another reason the second home market could see decreases in value is because a higher percentage of our buyers come from Texas. And we all know there’s oil in Texas and oil prices are significantly low right now. To conclude, the Steamboat Springs economy relies on tourism and consumer spending. Sure, locals can keep this town going but we’ll need to see people getting out and vacationing to see real estate number rebound. So not only will it take for jobs to return, but travel and tourism needs to get back to normal or Steamboat will be a quiet town. Regards, Charlie Want to learn more? Check out the links below for more insight into the Steamboat Real Estate Market. Website: http://www.SteamboatsMyHome.com Facebook: https://www.facebook.com/SteamboatsMyHome Instagram: https://www.instagram.com/charliedresen/ Charlie Dresen 970-846-6435 or Charlie@SteamboatsMyHome.comYEAR-END Steamboat Real Estate Report VLOG
Property Valuations
A SLOW DOWN
2019 Routt county property assessments going UP $$$$$
- March 2019 Gross Volume. $39.1 million. Down 21% from 2018 // YTD Down 13%
- Transaction down 18% from last year / / YTD down 12%
- Total Listings Down (EVERYTHING SF, condo, land, commercial) continue to drop 999 today / compared to 2,200 in 2011. Inventory drops = price go up.
- What’s not dropping are pending sales. We have 184 Pending sales totaling over $153 Million (May 2018 we had 132)
- And your 2019 assessed value are not going down. In fact, I’ve heard from a lot of you already and I’m seeing a 25-35% increase in 2019 assessed values. So has your property increased 30% in one year? NO. But in the last 10 years, from 2009 -2019, the average appreciated for real estate has been about 4% per year. Now these assessment don’t change every year like a home does, so 30% in one year is high. Really high. And this doesn’t necessary mean your taxes are going up the same 30%. We won’t that for several months. Taxes are based on Actual value / assessment rate / mill levy. The mill levy is multiplier that fluctuates. So again, even though your assessed value went up a huge amount, doesn’t necessarily mean your real estate taxes are going through the roof. You can appeal the value of this new assessment by sending in, before June 1, comparable sales of like-kind properties that show your place is worth less than the assessed value. Send me an email if you need help with that.
When to BUY & SELL in STEAMBOAT SPRINGS, CO
- $35.1 Million in Gross Volume for February 2019 / up 1.5% from 2018 - we’re still down 9.3% YTD
- 67 transactions for February 2019 / down 2.9% from 2018 and we’re still 8% from 2018 YTD.
- Average Residential Price continues to climb. Last month it was $710,000. This month, now YTD (2 months) it’s climbed to $728,000. (Up 2.5% in one month)
- In almost every price point, Average Residential Prices are up. In fact, we’re headed into our 5thstraight year of price increases.
- Let’s back up to 2014. Average Price was $567,000 for Improved Residential Sales.
- 2015 it was down 3.1%to $549,000.
- 2016 it reboundedup 3.3%to $568,000
- 2017 saw a 4% increaseto $592,000
- 2018 whoa – Up 13.7%to $686,000
- 2019 YTD (ONLY 2 months) $728,000 is UP 5.7%from average 2018 in just 2 months.
- In 4 years and 2 MONTHS – the average residential price has seen an increase of 26.7% --- 7% UP
SNOW IKON SNOW WHOA – A Real Estate Vlog
It’s OVER . . . Year-End Report
- YTD Average Residential price is $686,781 up from $592,745 in 2017
- YTD Average Residential price per square foot $350 up from $317 in 2017
- YTD Gross volume +7.18%
- YTD Transactions -8.15%
- There were 7 New Unit Sales in December with 4 of those being new homes in the Sunlight Subdivision
- Local buyers made up 51% of sales in December in Routt county. We ended the year at 52% of all sales being local - great for a resort town! This truly speaks to our sense of community in the Yampa Valley.
- There were a total of 127 loans in December with 56% of purchasers closing with financing at the time of sale while 44% closed with cash. There were 62 refinance transactions.
Sights Around Town and Market Statistics
- Gross Volume was $63.33M - up 2.77% from November 2017, up 7.2% YTD.
- This included a ranch property sold for $15,875,000. Without this figures would have been down.
- November transactions totaled 99, down from 132 last November.
- 60% of residential transactions were properties sold for $500,000 or less.
- Median residential price for SF is $617,900. YTD 2017 was $559,500, a 10% increase.
- Average residential price per square foot $353 YTD. This time last year it was only $292, that’s a 19% increase.
- Local buyers made up 40% of sales in November in Routt county
- 55% of November purchasers closing with financing while 45% closed with cash. Strong upswing in owner carry deals – owner carry was the second largest “lender” in November.
- Bud Werner Memorial Library. We are blessed with this wonderful community facility, if you haven't already checked it out you should!
- Howelsen Hill and the Steamboat Springs Winter Sports Club for your future Olympic needs.
- Howelsen Ice Complex.
Drone Tour over Steamboat Springs, CO
Fake News? Charlie debates Charlie on the Steamboat market stats
Get a hair cut . . . & Market Report Vlog #14
Home Owner Insurance & Market Report VLOG#13
Don't get burned with low home insurance coverage!
SteamboatsMyHome Market Report for September 2018
Latest market news plus how to not get burned on your home insurance policy. Charlie chats with local Statefarm Agent Debbie Aragon for what to do and what not to do!
A standard homeowners insurance policy insures your home's structure (house,) and your belongings in the event of a destructive event, such as a fire. In addition, homeowners insurance policies are generally "package policies." This means that the coverage includes not only damage to your property, but also your liability—that is, legal responsibility—for any injuries and property damage to others caused by you or members of your family (including your household pets). DWELLING PROTECTION One of the basic coverages of a homeowners insurance policy is dwelling protection, which helps cover the structure of the home in which you live, as well as other structures that are attached to it, such as a garage or a deck, against certain risks. OTHER STRUCTURES PROTECTION Most homeowners insurance policies also include coverage for other structures that are on your property but separate from your home, like a detached garage, tool shed or fence. PERSONAL PROPERTY PROTECTION Homeowners insurance doesn't just help cover damage to your home. It may also provide coverage for the personal belongings you keep within it. Suppose your electronics are stolen from your home or your furniture is damaged by a fire. Personal property protection may help pay to repair or replace your belongings if they are damaged or destroyed by a covered risk. Many insurers offer optional coverages that may further help protect the stuff you own. For instance, you may be able to purchase extended coverage for items such as jewelry, watches and furs that have values above your personal property coverage limits.Kitec Plumbing Issues / August Market Report – Real Estate Vlog
The Market's Hot, Kitec's Not.
Welcome to our August Real Estate Report!
Kitec plumbing was a plumbing system widely used for residential use in the 90’s and early 2000’s. Over the past several years it has been discovered that these fittings are failing and causing leaks and burst pipes. Kitec plumbing consists of plastic-coated aluminum pipes and brass fittings. Kitec brass fittings are defective because they dezincify. Dezincification is a process whereby zinc leaches from brass, which is an alloy of copper and zinc, thereby creating a white powdery buildup on the inside of the fitting and a weakening of the brass fitting. Dezincification can lead to, among other things, restricted water flow and an increased likelihood of the brass fitting leaking or breaking. The Kitec pipe is typically blue in color for cold water and orange in color for hot water. The pipe is usually marked with one of the following brand names; Kitec, PlumbBetter, IPEX AQUA, WarmRite, Kitec XPA, AmbioComfort, XPA, KERR Controls or Plomberie Améliorée. Where the fittings are visible look for the words Kitec or KTC on them. The terms CSA B137.9/10 or ATSM F1974 could also indicate that you have a Kitec system. Often, the best places to look for the Kitec system is near the hot water tank or in the mechanical room where the pipe is connected to or exits the walls. Also look under kitchen sinks or bathroom vanities, where the pipe and/or fitting exits the wall.July Market Update – MAJOR OBJECTIONS = $$$ VLOG #11
June Market Report & Core Trail Info VLOG#10
Market Update Vlog #9 – FROM AUSTRALIA
Dogs and Real Estate – Woof VLOG #8
Steamboat Springs has gone to the Dogs! Get the local dog talk here.
IKON PASS & Market Report March 2018 VLOG #7
Ikon Pass & Market Report for March 2018
Market Report 2017 YEAR-END REAL ESTATE VLOG#6
Market Report Jan 2018 VLOG#5
Market Report November 2017 Real Estate VLOG#4
Market Report October 2017 VLOG#3
Market Report Sep 2017 VLOG#2
How the Steamboat Springs Real Estate Market is coasting, Sept 2017
Market Report Aug 2017 VLOG#1
Don’t Let a Leak Drown Your Pockets
COVID-19 and Real Estate
COVID-19 and what might happen to the Real Estate Market
(Updated) Beginning next week, April 27th, real estate showings will be allowed. This is going to give a small boost the real estate business. This is one of the more difficult Vlogs I’ve ever prepared for because my opinions change daily. But over the last few weeks, I’ve become more resolute in my thoughts on the real estate market and how it’s going to be affected going forwards. This is nothing like the 2008 real estate crash. This is a health crisis and not a housing crisis. But, real estate will be affected. Housing market doesn’t always contract during recessions but with 70% of the economy being consumption, well much of that is on hold. I’m going to focus on two markets, primary homes and second or vacation homes. Primary Residences With real estate, and I believe this to be true for Steamboat and the rest of the country, if we isolate out primary residences, then those value will likely go down, but not as much as one might think. Short-term Inventory is still very low. Even lower today because many owners have withdrawn their listing to reduce their exposure from the virus. Another reason is we are living in our homes for twice as long as we used to. In 2019 the average person living in their home is 8 years, 3 months. Back in 2000, it was just 4 years. We also have less buildings of new homes. So, supply remains low, both in Steamboat and nationwide as a whole. Now, over the last month demand has slowed considerably. But once we begin to emerge out of the current crisis, I see demand picking up. However, with so little demand, many sellers who need to sell will likely begin reducing prices to attract those willing to step forward with a purchase. I see values dropping between 5-10% over the next few months. The sooner this crisis ends the better. But I don’t see prices rebounding anytime soon. There’s a lot of financial uncertainty we need to get through first. Long-term It’s projected that the location neutral work-force might increase by as much as 30% as we’re seeing companies accommodating these work-from-home measures. I also feel that smaller town, communities like Steamboat that offer so much, will be sought after as a more healthier lifestyle becomes a priority. So long-term, towns like Steamboat Springs will grow and more people will want to make Steamboat their home and thus, real estate values will go up. Secondary Residence Roughly half of the properties in Steamboat are second homes or ski condos. I believe this market is in for a rougher ride. Since many of these owners look to generate income from short-term rentals, the outlook on tourism and rental income is up in the air. Given much of the Steamboat economy relies on tourism, it’s really hard to predict when we’ll see capacity numbers again. These secondary residences are also discretionary purchases and with the economy going though turbulence, I feel we’ll have less buyers today over the next year or two. And while interest rates are at an all-time low, the jumbo loan market (loan over 625,000) have pretty much evaporated with most lenders not able to offer such loans. Demand for jumbo mortgages has dried up as investors turn to mortgage bonds for government-backed loans where they’re assured of receiving payments. Another reason the second home market could see decreases in value is because a higher percentage of our buyers come from Texas. And we all know there’s oil in Texas and oil prices are significantly low right now. To conclude, the Steamboat Springs economy relies on tourism and consumer spending. Sure, locals can keep this town going but we’ll need to see people getting out and vacationing to see real estate number rebound. So not only will it take for jobs to return, but travel and tourism needs to get back to normal or Steamboat will be a quiet town. Regards, Charlie Want to learn more? Check out the links below for more insight into the Steamboat Real Estate Market. Website: http://www.SteamboatsMyHome.com Facebook: https://www.facebook.com/SteamboatsMyHome Instagram: https://www.instagram.com/charliedresen/ Charlie Dresen 970-846-6435 or Charlie@SteamboatsMyHome.comTips to Prepare Your HOME FOR SALE
- Soft white/warm white (2700 - 3000 Kelvin): Best for bedrooms and living rooms; providing a traditional warm, cozy feel to them.
- Bright white/cool white (3500 - 4100 Kelvin): Best in kitchens, bathrooms or garages; giving rooms a whiter, more energetic feel.
Website: http://www.SteamboatsMyHome.com Facebook: https://www.facebook.com/SteamboatsMyHome Instagram: https://www.instagram.com/charliedresen/
Charlie Dresen 970-846-6435 or Charlie@SteamboatsMyHome.com