| "My Steamboat Connection" Real Estate Blog |
ArchivesAugust 2006FREE Directory InformationA fellow REALTOR on one of the Listservs that I belong to just passed on this great information and I would love to share it with you! Phone companies are charging us $1.00 or more for 411 - information calls. Why pay that when you can get Directory Assistance for FREE by calling 1-800-FREE-411 (1- 800 -373- 3411) without incurring a charge. Pass it on. Works on home phones and cell phones. 12:50 PM - Aug. 31, 2006 - comments {0} - post comment
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| No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM | ||
| RESIDENTIAL | ||||||
| CONVENTIONAL | 24 | $10,642,951 | $443,456 | $356,000 | 151 | |
| FHA | 1 | $180,000 | $180,000 | $180,000 | 32 | |
| CASH | 3 | $610,500 | $203,500 | $168,500 | 31 | |
Analysis by Area |
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| 2-FISH CREEK AREA | 3 | $1,964,051 | $654,684 | $390,000 | 103 | |
| 3-MOUNTAIN AREA | 12 | $4,810,900 | $400,908 | $396,000 | 177 | |
| HAYDEN- TOWN OF | 5 | $1,170,500 | $234,100 | $215,000 | 69 | |
| MOFFAT COUNTY | 1 | $115,000 | $115,000 | $115,000 | 100 | |
| OC PBURG YAMPA | 2 | $533,000 | $266,500 | $266,500 | 138 | |
| SOUTH OF HAYDEN | 1 | $240,000 | $240,000 | $240,000 | 132 | |
| SOUTH VALLEY | 1 | $960,000 | $960,000 | $960,000 | 160 | |
| STAGECOACH | 1 | $475,000 | $475,000 | $475,000 | 83 | |
| W 40 CORRIDOR | 2 | $1,165,000 | $582,500 | $582,500 | 109 | |
| Totals | 28 | $11,433,451 | $408,338 | $319,000 | 134 | |
| LAND | ||||||
| CONVENTIONAL | 1 | $75,900 | $75,900 | $75,900 | 403 | |
| CASH | 8 | $2,338,750 | $292,344 | $74,500 | 497 | |
Analysis by Area |
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| 1-DOWNTOWN AREA | 1 | $390,000 | $390,000 | $390,000 | 303 | |
| ELK RIVER AREA | 1 | $1,600,000 | $1,600,000 | $1,600,000 | 221 | |
| HAYDEN- TOWN OF | 5 | $354,150 | $70,830 | $75,000 | 749 | |
| STAGECOACH | 2 | $70,500 | $35,250 | $35,250 | 56 | |
| Totals | 9 | $2,414,650 | $268,294 | $75,000 | 487 | |
| COMMERCIAL/INDUSTRIAL | ||||||
| CONVENTIONAL | 1 | $290,000 | $290,000 | $290,000 | 460 | |
Analysis by Area |
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| ELK RIVER AREA | 1 | $290,000 | $290,000 | $290,000 | 460 | |
| Totals | 1 | $290,000 | $290,000 | $290,000 | 460 | |
| Non Co-op Sales | 16 | $5,754,701 | $359,669 | $300,500 | 222 | |
| Co-op Sales | 22 | $8,383,400 | $381,064 | $272,950 | 229 | |
| All Sold Listings | 38 | $14,138,101 | $372,055 | $283,000 | 226 |
Once again, solds in the 3-Mountain Area and Fish Creek Falls areas were at 98% - 100% of the asking price. As always, if you would like more detailed information on any particular area, just give me a call at (970) 871-1157 Direct or send an email to stacy@stacy-brown.com
WASHINGTON (August 8, 2006)- The housing market is in a process of stabilizing with little change in overall sales volume expected over the balance of the year, according to the National Association of REALTORS.
David Lereah, NAR's chief economist, said the indicators already are leveling-off. "We've seen a minor easing in closed transactions of existing-home sales, and a slight increase in the leading indicator of pending sales based on contracts," he said. "New home sales and housing starts have been fluctuating, so the overall market is stabilizing."
"On one hand is the rise in mortgage interest rates that has slowed sales in many higher-cost markets, and on the other hand is the 3.8 million new jobs over the last two years," Lereah said. "This means many potential home buyers could enter the market in the foreseeable future, especially in moderately priced areas where affordability conditions remain favorable. In fact, this is already occurring."
Although sales will be fairly steady over the balance of the year, declines since last fall mean annual totals will be lower. Existing-home sales are forecast to fall 6.5 percent to 6.61 million this year, the third highest record after 2005 and 2004. New-home sales are projected to drop 12.8 percent in 2006 to 1.12 million, also the third best on record. Housing starts should be down 9.1 percent to 1.88 million this year.
The 30-year fixed-rate mortgage is running nearly a percentage point higher than a year ago but is likely to rise very slowly in the months ahead, reaching 6.9 percent in the fourth quarter.
NAR President Thomas M Stevens from Vienna, VA, said current market conditions are favorable for buyers. "The rise in housing supply is the biggest change in the market over the last year," said Stevens. "Clearly, this has taken pressure off of home prices and has significantly widened choices for buyers. At the same time, sellers are getting excellent returns- but in this competitive environment they need real estate professionals more than any time since the 1990s to market their homes and maximize value."
Source: National Association of Realtors.
Simply put ? A way to make the job of vacuuming a little easier. I've stumbled across a great site with a good description: http://home.howstuffworks.com/central-vacuum.htm .
How did we ever survive without the internet and world wide web? I love having access to the answers of almost any question right at my fingertips!
As the "new kid on the block", I am constantly asked, "so, what brought you to Steamboat"? Sometimes I have to laugh because this question is most often asked by those who, just like me, moved here from somewhere else for the same obvious reasons. Seriously, I lift up my hands towards the beautiful valley and mountains that surround us (it doesn't matter where I happen to be, the view is always breathtaking) and say "this is what brought me here"!
My first trip to Steamboat Springs was in the early 90's over a St. Patrick's Day holiday, with a couple of my flight attendant friends. My next visit to Steamboat was several years later, on Thanksgiving of 2002. My husband and I, along with my sister and her husband, won a trip to Steamboat Springs at a Susan G. Komen Breast Cancer Foundation Fundraiser in Houston, TX. That trip changed everything, although I did not know it at the time.
In 2002, I was the Broker/Owner of Texas Riviera Properties in Rockport, Texas and my husband owned and operated a printing company (what a great combination- what Broker wouldn't LOVE to have their very own printing company!!) We had an absolutely fabulous week and towards the end, worn out from skiing, I decided to check out the local real estate market. I stumbled across The Grand on Mt. Werner and I was very impressed. When my sister and her husband got back to the house that day, I casually mentioned that I had taken a tour of The Grand and that they should go check it out too. So the next day, we did and then we headed back to Texas, loaded with information and lots to think about.
The four of us came back that summer, in August, specifically to take a closer look at The Grand. We flew into Denver and drove from there into Steamboat Springs. What a beautiful drive! That was the first time I had been to Colorado in the summer and I found that I actually preferred the summers over winter. The climate is perfect , the landscape is stunning with the trees, colorful array of blooming flowers and the flowing rivers everywhere. I was hooked! To make the long story short, we bought a share unit at The Grand and we would be back in a couple of months for Christmas!
The Christmas of 2003 was truly magical. My first "White Christmas" and it was everything I had imagined it would be. We had a full house and ran into several other families from Texas that we knew, and ended up spending a lot of time with, that week. That week flew by and I hated for it to end. We came back for another week of skiing in the Spring of 2004 and then for a week of summer fun in early August. My stepdaughter, Marisa, came with us on that trip, along with my sister's daughters and their friends- 5 teenage girls!! But, oh, what fun! I tell you all of this, because this is literally how we came to find ourselves living in Steamboat Springs. With each visit, it got harder to leave. When we were back in Texas, I found myself daydreaming of Steamboat and surfing the internet for a "fix".
Then it happened. My husband & I spent Thanksgiving 2004 here in Steamboat Springs with Marisa and my husband's parents. I did my usual drive around town to check out the local real estate market and as I was driving through downtown, drinking my Starbucks, I came upon the high school. And it hit me. Not only did I want to move to Steamboat Springs as soon as we could, but I wanted to start a family and raise the kids here. At that time, John and I didn't have any children together and Marisa lived with her mother in Florida. I was terrified of having kids (the whole pregnancy and delivery thing) and not sure if I would be a good mother (I'm a workaholic). But, on that day and at that time, it was all so clear- I didn't have a doubt in my mind. In August of 2005, John and I welcomed our son, Hayden, into this world (you do the math, once I make up my mind to do something- it's done!) On a side note, I loved being pregnant and I am a GREAT mother!
I sold Texas Riviera Propeties to Coldwell Banker, John packed up the printing company and we put some of our property on the market. Once we had a deal on the real estate, we headed up to Colorado. We ended up moving here in January of 2006. So, that's my story in a nutshell. Probably a lot like your story in many ways. I joined Prudential Steamboat Realty in May of 2006 and I am so proud to be associated with such a wonderful company! Although I have been in the Real Estate business for over 14 years, I am somewhat new to the area. The people and resources at this company have allowed me to "come up to speed" very quickly and learn this market in a short period of time. It's comforting for me and for my clients to know that I have this wonderful team behind me.
This is getting to be a little longer than I had planned, so I will end for today. Hopefully this has answered the question of who I am and how I got here. I will fill in more details in the days to come. For now, I am off to hold an Open House- it's another picture perfect day in Steamboat Springs!
Whether you agree that our soldiers should be fighting this war in Iraq or not, surely you agree that our brave men and women in the armed services are doing a fine job as they risk their lives every day half way across the world.
Now, thanks to Xerox Corporation, you can go to http://www.letssaythanks.com
and pick out a thank you card and the Xerox Corporation will print it and send it to a soldier that is currently serving in Iraq. What a wonderful way to say "thanks" for a job well done and to let them know they have our support and well wishes.One of the most exciting new developments, Wildhorse Meadows, is now taking reservations for single family lots in The Range at Wildhorse Meadows.
Clients of Prudential Steamboat Realty will be part of the select few who have the opportunity to be in this Priority Purchaser Group and become an Exclusive Priority Reservation Holder. Becoming a Reservation Holder is not an obligation to purchase, rather it will guarantee that you are among the first to receive detailed information as it becomes available. When the homesites are released for sale in early fall, you will have all the information you will need to make an educated decision to own at The Range, including specific site information, design guidelines, neighborhood amenities, neighborhood association structure, and more.
By signing an Exclusive Priority Reservation and submitting a fully refundable deposit check for $5,000.00 (payable to "XYZ Title Co."), you make a commitment to work with us towards a complete understanding of what it means to build a home at The Range.
Priority Reservations mean you have priority in pricing, location choices and VIP events. The first VIP event is scheduled for mid-September. At this event, Association documents will be ready and available for your review, prices will be released and you will be able to walk the site and see the lot locations. Once you have had a chance to review all of the information and decide to go forward, closing shall be in 45 -60 days. Building can begin as early as next summer. Many of the details are still being finalized, including pricing, but we were informed that pricing for the lots should be under $500,000. Remember, this release is for the single family lots only, reservations for the condo/hotel and towhomes will be at a later date.
Reservations for this Priority Status begin tomorrow, Thursday, August 17th and ends the following Wednesday, August 23, 2006. Again, this is not a COMMITMENT to purchase, just an indication that you are seriously interested in this project. Contact me right away and I will get the agreement out to you so you can get registered today!
Call me at (970) 871-1157 or Mailto: stacy@stacy-brown.com . For information on the project, go to http://www.wildhorsemeadows.com .
Following are the Sold Stats for the second week in August, 2006. The information below was gathered from the Steamboat Springs Multiple Listing Service. The number of Sold units fell to 22, down from the previous weeks 32 Sold units. Mountain Area and Fish Creek Area property continues to sell at an average of 97% - 100% of original asking price. Properties in the Downtown Area and South Valley sold at an average of 87% - 81% of original asking price. As always, contact me for more specific information on any area you may be interested in: (970) 871- 1157 Direct or Mailto: stacy@stacy-brown.com .
| No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM | ||
| RESIDENTIAL | ||||||
| CONVENTIONAL | 14 | $5,154,700 | $368,193 | $341,500 | 407 | |
| CASH | 1 | $970,000 | $970,000 | $970,000 | 231 | |
| OTHER | 1 | $145,000 | $145,000 | $145,000 | 106 | |
Analysis by Area |
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| 1-DOWNTOWN AREA | 1 | $735,000 | $735,000 | $735,000 | 199 | |
| 2-FISH CREEK AREA | 2 | $1,345,000 | $672,500 | $672,500 | 139 | |
| 3-MOUNTAIN AREA | 8 | $2,479,700 | $309,963 | $336,000 | 607 | |
| GRSCK BLKTL HEN | 1 | $795,000 | $795,000 | $795,000 | 66 | |
| HAYDEN- TOWN OF | 3 | $465,000 | $155,000 | $160,000 | 180 | |
| SOUTH VALLEY | 1 | $450,000 | $450,000 | $450,000 | 100 | |
| Totals | 16 | $6,269,700 | $391,856 | $341,500 | 377 | |
| LAND | ||||||
| CONVENTIONAL | 2 | $427,450 | $213,725 | $213,725 | 235 | |
| CASH | 3 | $1,039,400 | $346,467 | $75,000 | 153 | |
| OWNER FINANCE | 1 | $645,000 | $645,000 | $645,000 | 861 | |
Analysis by Area |
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| NORTH ROUTT | 2 | $192,450 | $96,225 | $96,225 | 41 | |
| SOUTH ROUTT | 2 | $955,000 | $477,500 | $477,500 | 648 | |
| SOUTH VALLEY | 1 | $950,000 | $950,000 | $950,000 | 375 | |
| STAGECOACH | 1 | $14,400 | $14,400 | $14,400 | 38 | |
| Totals | 6 | $2,111,850 | $351,975 | $213,725 | 298 | |
| Non Co-op Sales | 5 | $2,903,000 | $580,600 | $450,000 | 131 | |
| Co-op Sales | 17 | $5,478,550 | $322,268 | $216,900 | 422 | |
| All Sold Listings | 22 | $8,381,550 | $380,980 | $336,000 | 356 | |
After attending our weekly office meeting yesterday morning and the real estate board's multiple listing meeting and tour this morning, the message is the same: Sellers, now is the time to adjust your price if you are not getting the action you need or expected- especially if you have priced your property higher than your REALTOR recommended! Agent after agent announced price reductions and followed by saying "my seller really wants to get this sold by the end of September/November..." Although we do have an influx of tourists during our winter months, let's face it, properties are harder to show. Weather and snow make some showings challenging or sometimes impossilbe and rented units make much of the rest of the inventory very hard to show. Summer is winding down, kids are going back to school and snowfall is just around the corner.
If you REALLY need to sell quickly, now would be the time to consider reducing your price and you may want to go as low as 5% under comparable sales in your neighborhood or association. Since our market has had such huge gains, this may not be as bad as it sounds. Of course, it is imperative that your home is in top shape, clutter free and has exceptional curb appeal.
As previously promised, following are the SOLD stats for the week beginning August 1, 2006. The information below was gathered from the Steamboat Springs Multiple Listing Service. It is my goal to provide you with these stats on a weekly basis. The information is a general overview, if you would like more detailed information, please call me at (970) 871 -1157 Direct or Mailto: stacy@stacy-brown.com.
Average DOM is "Days on Market"
| No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM | ||
| RESIDENTIAL | ||||||
| CONVENTIONAL | 15 | $10,909,063 | $727,271 | $345,000 | 458 | |
| CASH | 9 | $4,608,435 | $512,048 | $385,000 | 197 | |
Analysis by Area |
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| 1-DOWNTOWN AREA | 1 | $715,000 | $715,000 | $715,000 | 225 | |
| 2-FISH CREEK AREA | 3 | $1,804,863 | $601,621 | $685,963 | 261 | |
| 3-MOUNTAIN AREA | 14 | $6,273,135 | $448,081 | $284,950 | 492 | |
| 4-STRAWBERRY PARK | 1 | $5,000,000 | $5,000,000 | $5,000,000 | 67 | |
| MOFFAT COUNTY | 1 | $370,000 | $370,000 | $370,000 | 55 | |
| OC PBURG YAMPA | 1 | $345,000 | $345,000 | $345,000 | 203 | |
| SO ROUTT RURAL | 1 | $298,000 | $298,000 | $298,000 | 281 | |
| SOUTH VALLEY | 1 | $510,000 | $510,000 | $510,000 | 75 | |
| STAGECOACH | 1 | $201,500 | $201,500 | $201,500 | 62 | |
| Totals | 24 | $15,517,498 | $646,562 | $377,500 | 360 | |
| LAND | ||||||
| CONVENTIONAL | 3 | $152,400 | $50,800 | $38,000 | 72 | |
| CASH | 5 | $547,000 | $109,400 | $81,000 | 189 | |
Analysis by Area |
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| GRAND COUNTY | 1 | $34,900 | $34,900 | $34,900 | 35 | |
| NORTH ROUTT | 2 | $147,000 | $73,500 | $73,500 | 244 | |
| OC PBURG YAMPA | 1 | $81,000 | $81,000 | $81,000 | 241 | |
| STAGECOACH | 2 | $96,500 | $48,250 | $48,250 | 53 | |
| W 40 CORRIDOR | 2 | $340,000 | $170,000 | $170,000 | 146 | |
| Totals | 8 | $699,400 | $87,425 | $73,500 | 145 | |
| Non Co-op Sales | 7 | $2,691,335 | $384,476 | $370,000 | 287 | |
| Co-op Sales | 25 | $13,525,563 | $541,023 | $262,400 | 312 | |
| All Sold Listings | 32 | $16,216,898 | $506,778 | $280,200 | 306 | |
On average, these Properties are selling at 98% - 101% of Original List Price- which is very encouraging. This tells us that those properties that are priced right, are selling! Again, if you would like specific information on a neighborhood or condominium project, just contact me.
Turn on any T.V., open any newspaper or business magazine and you are sure to find a story about the national real estate market gone bust. That's just not the case here in Steamboat Springs, Colorado!
Bruce Carta of Land Title in Steamboat reports that July dollar volume surpassed $100 million to establish a new record for the month. The dollar volume represents a 103.36 percent increase over last July’s $99,463,400 in sales.
Year to date sales are now $526.9 million, compared to total sales of $885.9 million in 2005.
According to Carta, the busiest price range was properties between $300,000 and $500,000, which accounted for 47 sales totaling $18.7 million. Carta’s source is the Routt County Clerk’s office.
If you are thinking of investing in Steamboat Springs, the timing couldn't be better. With several new developments in the works, now is the time to get in "on the ground floor" before the prices go up, or worse, the projects sell out. I will be featuring new developments in the upcoming days- give me a call (970-871-1157 Direct) or send me an email (Mailto: stacy@stacy-brown.com) if you would like more information on any of them.
Have you ever driven by a property and thought "Oh, I wish I had bought that back when I could have gotten it for $xxx and now it's $xxxx"? Probably. I have! Don't let it happen again!
Today is the deadline to order your Unrestricted Season Pass at these low prices:
If purchased 8/15/06 - 11/17/06 the price increases as follows:
And, if you REALLY procrastinate and wait until 11/18/06 or later the prices jump to:
Order Now by calling 970-871-5252 or online at http://www.Steamboat.com/SeasonPass
STEAMBOAT SPRINGS, CO- Improvements valued at more than $7 million will be made to the Steamboat Ski Area for the 2006/2007 season. These on-mountain improvement projects are designed to enhance a variety of facilities, services and programs across the resort and improve the overall resort experience. A key focus of this investment is lift, trail and snow making enhancements to the popular Sunshine Bowl area.
"Steamboat Ski Area and the larger community are poised for a great season in 2006/07 when you match these capital improvement plans with the resorts industry leading guest service, family and on-mountain programs," stated Chris Diamond, president of the Steamboat Ski & Resort Corporation.
The Sunshine project includes the replacement of the Sunshine triple chairlift with a high-speed detachable quad chairlift, a new trail and expanded snow making coverage. Other significant trail projects planned for the Rendezvous Saddle area. Nearly $1 million will be spent renovating popular cafeterias at the Thunderhead and Rendezvous Saddle lodges as well as more than a half a million dollars on grooming equipment including a new winch cat and specialty superpipe equipment.
The other big changes for next winter's guests will be the expanded air service and an $18 million, 22,000 square-foot terminal addition to the Yampa Valley Regional Airport, funded largely by federal and county funds. "The 2006/07 on-mountain improvements, coupled with what is a vastly improved guest experience at the Steamboat/Hayden Airport, will mean significantly enhanced vacation experience for the majority of our guests," said Andy Wirth, vice president of sales and marketing.
Sunshine Express High-Speed Quad Chairlift Powered By Solar/Wind Energy- Steamboat Ski & Resort Corporation is installing a Leitner-Poma of America high-speed quad chairlift replacing the Sunshine fixed grip triple chairlift. The Sunshine Express will significantly reduce travel time from 11 minutes to 5.5 minutes. Sunshine Express will have a vertical rise of 1,400 feet, a slope length of 5,500 feet, and a top speed of 1,000 ft./min. The new lift is expected to be ready to carry its first riders in early to mid December.
As a part of its long-standing commitment to the environment, Steamboat Ski & Resort Corporation will purchase renewable energy certificates to offset the electricity needed for the new Sunshine Express lift. Steamboat is purchasing renewable energy certificates from 3 Phases Energy Services to ensure the delivery of clean, natural power to the "grid", thereby displacing an equivalent amount of energy that otherwise would have been created by non-renewable sources. Under the energy certificates, the Sunshine Express will operate on a combination of wind and solar power.
Sunshine Bowl Trail and Snow making Enhancements- The new trail will bypass the steep upper section of Tomahawk and traverses back to High Noon and Rendezvous Saddle area. In addition, the resort will re-grade the popular beginner trail, Broadway, to improve its width and decrease its steepness. Snow making will be extended to cover the new trail plus upper sections of Tomahawk and High Noon trails. New trail signage and family terrain features are also included. "The Sunshine area has always been a fantastic, family-friendly, intermediate cruising area, which anchors our position as the number one family resort in the west," said Doug Allen, vice president- mountain operation for the resort. "Now with the addition of a high-speed quad, new trail and kid-friendly features, we plan to set the bar even higher and will debut a redesigned contemporary area of the mountain perfect for families."
Thunderhead & Rendezvous Food Courts will receive $1 million in renovations of the food outlets, which include a complete facelift, redesign and improved flow under the direction of design firm Three Dimensional Services (3DS).
What an exciting time for Steamboat Springs!
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