Steamboat Springs Real Estate News and Much More!

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

 

May 28, 2018

Kick Start Your Summer With The Yampa River Festival

 

Who else is super excited for the 38th annual Yampa River Festival? The event is set to kick off on tomorrow May 31st for the State of the Yampa Address at the Chief Theatre.


This three-day event is a fun filled weekend which aims to raise awareness about how you can help protect the mighty Yampa River adorning our beautiful valley. The event is organized by a passionate group of individuals who go by the name of “Friends of the Yampa”.


Here are just a few of the events that will take place throughout the weekend:

  • Race at Fish Creek - Friday 6pm - Must see event!

  • Kayak Slalom

  • Downriver Races

  • The SUP cup

  • River dog contests

  • Tubing

  • Raft Races

  • And of course, plenty of great food and beverages to be enjoyed


Seriously, you don’t want to miss out on this! It is hands down one of the best weekends of the year.


I hope to see you 'round the river!

 

Live. Play. Own.

Posted in Events
May 16, 2018

April Market Statistics- Steamboat Springs, Routt County

My goodness, has the valley greened up. You can't believe how gorgeous it is up here! Shades of green everywhere, river is flowing and the kayakers, paddleboarders and fisherfolks are having a blast and many of our mountain biking trails are open. 

The market continues to clip along and we could definitely use a bit more inventory for summer shoppers. So, if you are considering a real estate move, now is the time to call me so we can get it in motion!

Melissa Gibson with Land Title reports: "April numbers in Routt county were in line with April of 2017.  Total transactions were 101 compared to 98 last year.  While our gross sales volume is down at $57.5M compared to $72.M last year, that is due to the large $21M airport transaction last April.  Removing that, this April would be the best volume in April we have seen since 2008. I think that speaks to our higher average residential prices we are seeing due in part to our low inventory.  Our average residential price is $697,016 YTD.  Overall, the YTD volume is down -12.36% and transactions are down -8.18%

There were two New Unit Sales in April.  We are definitely in construction mode in the valley so hopefully we will see more new units sales as we go through summer.  There are a lot of new developments in the works and we hope to see those come to fruition to help our dwindling inventory.  

There were a total of 128 loans in April 2018 with 40% of purchasers closing with financing at the time of sale while 60% closed with cash."

April 2018 Market Analysis   

 

Live. Play. Own.

 

Posted in Local Real Estate
May 14, 2018

Have You Heard of Token Tuesday?

Have You Heard of Token Tuesday? 

Every day I am so grateful to live in such a beautiful place. I love Steamboat and the amazing community that surrounds us. Philanthropy is a huge part of our community and I couldn’t be more proud of all the passionate individuals and businesses that dedicate their time and money each month to help the non-profits in our town. 

Here’s a Fun Fact: Did you know that there are over 200 non-profit organizations in Steamboat Springs? 

A great way to support your favorite local non-profit is Token Tuesday. This is an event that takes place each Tuesday at Mountain Tap Brewery downtown. Each month, Mountain Tap selects four local non-profit organizations to be featured at Token Tuesday. 

When you attend Token Tuesday, you receive a token for each craft beer purchased. Each token is worth $1. Before leaving, you choose which organization you want to support by depositing your token(s) in that organization’s Token Tuesday box. At the end of the month, the Mountain Tap staff will tally up the tokens and distribute the donations to each non-profit. 

Pretty cool, huh? A great way to support our local community while enjoying an adult beverage! Win-win for everyone! 

The selected non-profits for the month of  May are Colorado Fourteeners Initiative, Steamboat Digs Dogs, Steamboat Soccer Club, and Strings Music Festival. 

So… see you at Mountain Tap on Tuesday! 

Angela

Live.Play.Own.

Posted in Community
April 16, 2018

Catamount Trial Memberships

For all of you golf and water fans, Catamount Ranch and Club is offering a limited amount of trial memberships this year.  If you've been on the fence about joining the golf club or lake club, now's the time to test it out. 

Below are additional details on the trial memberships from Catamount:

We are gearing up for the summer season! If you have clients that might be interested in membership, please let me know.  We have 3 trial membership options available:

1.  Full Golf/Lake unrestricted membership: 

• Unrestricted usage at golf and lake properties.

• No initiation fee. Must pay full dues and minimums. Annual 2018 dues: $11,200.  Annual spending minimums for those 45 and older: $1,600

• May play in all golf tournaments.

• For calendar year only: Trial membership ends on December 31, 2018.

 

2.  Restricted Golf ONLY membership (20 available): 

• Unlimited golf from opening day through Father’s Day; and from Tuesday after Labor Day through closing day.  All other times: play after 2pm. Use of Practice Facility: 1pm or later.

• No initiation fee during trial period: ½ annual golf dues = $5,600; ½ annual golf minimum = $800.

• Cannot participate in golf tournaments. 

• May participate in Ladies or Men’s days prior to Father’s Day only.

• May participate in social golf events if event begins after 2pm.

• For calendar year only: Restricted trail membership ends on December 31, 2018. 

• No Lake amenities/usage.

 

3.  Lake ONLY trial membership (limited inventory):

• Includes unrestricted access to lake amenities. No golf privileges.

• No initiation fee.  Must pay full dues and minimums. 2018 annual dues are $5,350; 2018 annual spending minimum is $800.

• For calendar year only: Trial membership ends on December 31, 2018.

At the end of the year, there will be a 45 day conversion period where a trial member can decide to convert to a full membership. If they decide to convert, they will receive a $5,000 credit towards the initiation fee of a full golf membership or a $1,500 credit towards a lake membership.  Or they can choose not be a club member and walk away.

If you have interest in any of these options, please let me know and I will connect you with the Club. For more information on the amenities of the club check out their website.

Happy Spring!

Angela 

Live. Play. Own.

  

Posted in Community
April 16, 2018

Steamboat Real Estate Sales April 6-12

As ski season wrapped up this weekend with some fresh powder and on-mountain shenanigans Routt county real estate wrapped up with close to $15mm in sales. For a full list of transactions click here.

Closing day at the base area...just a few peeps gathered for music and fun!

 

Posted in Local Real Estate
March 23, 2018

February Market Statistics-Steamboat Springs, Routt County

As ski season winds up for this year, we are seeing an increase in activity during March spring break season. February was a little slower compared to January, but based on activity in our MLS, we are seeing a surge in activity. Inventory continues to be slim on single family homes in the $400-600k range, so if you are pondering a real estate change...now is the time! As building season nears, if you are considering a lot/land purchase it would be wise to jump on the available inventory and get your architects and builders lined up because they are super busy. 

Melissa Gibson reports on February real estate sales "February saw $34.5M in gross sales volume - a decrease of -24.32% from 2017.  There were 69 transactions in February, down -33% from January 2017.  Year to Date we are down -1.8% in Gross Volume and -11.05% in transactions.  We definitely feel things picking up, so hopefully March numbers will put us back on track. There were 7 upper end sales in February and 2 New Unit Sales. There were a total of 91 loans in February 2018. 58% of purchasers closed with financing at the time of sale while 42% closed with cash." 

For a full report Click Here

Live. Play. Own.

 

Posted in Local Real Estate
Oct. 31, 2017

Happy Halloween and Here's a Market Update-Steamboat Springs

It's that time of the year again, when all of the local goblins dress up and attend the Halloween stroll downtown. Where else can you go, where they close down a highway in order to celebrate Halloween? This event is for kids of all ages and this town has some serious creativity when it comes to clever costumes. Even if you don't dress up, it is super fun to attend.

In real estate news, September was an active month especially for the higher-end sales. Melissa Gibson from Land Title reports:"September was another great month in Routt county with 179 Transactions and $92.6M in Gross Volume.  That is the 3rd largest Gross Sales Volume month we have seen in 9 years!  Attributing to those numbers were 23 sales over $1M!   It is great to see all those upper-end transactions since that part of the market was a bit soft over the summer.

Total sales volume was up by +15% compared to last September, with the YTD. at +21.63%.  Transactions were also up by +1.74% compared to last September, with the YTD. at +7.63%.

Snapshot values are as follows:
Average Price:
Single Family: -2%
Multifamily: +14%
Vacant Land: +51%

There were a total of 166 DOT recordings in September, with 59% of purchasers closing with financing at the time of sale, and with 41% closing with cash.
New Unit Sales were up with 5 in September, compared to 2 August.  Upper End Sales were significantly up with 23 in September compared to 10 in August."

For a full report click here.

Cheers and have fun out there!

 

Live. Play. Own.

 

July 31, 2017

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates
May 11, 2017

Sneak Peak - Ore House