web header
Issue: 4.11 November, 2009
This Month's Newsletter
Market Update
Halloween in Steamboat
It was hard to believe that with the snow (and wind) Steamboat Springs received this week that this weekend would include a balmy evening for Trick or Treaters on October 31.  The weather was conducive to a very pleasurable "Final-Final" golf tournament on the last day of the golf season at the city owned Haymaker Golf Course on November 1.
johns livingroomIn keeping with Steamboat tradition, Lincoln Avenue downtown was blocked off from traffic and turned into a pedestrian mall for kids and adults alike to celebrate Halloween.  Businesses hand out candy, french fries, fortune cookies, you name it, to passers by.  One merchant I spoke with told me he hands out 2,000 pieces of candy each year!
Found walking down main street that night were two soda cans, a 3 Musketeers bar and box of Barilla Linguini (our daughter, Maddie).

Wildhorse Gondola Construction

wildhorse gondieIt's been exciting this week to see the new Wildhorse Gondola towers going up!  The Gondola is an important aerial connection from the 47 acre Wildhorse Meadows master planned community (next to the Meadows / Tennis Center parking lot) to Gondola Square (the ski base).
Wildhorse Meadows has just completed three condominium buildings - Trailhead Lodge and two First Tracks buildings, with prices ranging from $179,000 to over $2 million.  The Range, a single family home lot subdivision, was launched in 2007 and sold out in only a few hours.  There are some resale lots available at The Range, and are priced from $495,000 to $675,000.  Wildhorse Meadows will also include townhomes, zero lot line homes and additional condominiums, along with a plethora of community amenities.  All residences will be within an easy walk to the Gondola.  Installing the Gondola, in these economic times, shows the developer's commitment to making Wildhorse Meadows a first-class project.
This picture is taken of the next-to-last tower as the gondola would pass over Mt. Werner Circle and head to Gondola Square in front of the nearly completed One Steamboat Place condominium building.
newsletter 09Market Bottom or Dead Cat Bounce? 
That's the question my quarterly newsletter, the Steamboat Real Estate Analyst & Newsletter, proposes in this issue.
I found some significant happenings in our market this past quarter.  Have we hit the bottom, or, is it more like Wall Street's "Dead Cat Bounce" theory?
Read all about it in this quarter's newsletter by
clicking here.

Steamboat Best Buys! 

As an exclusive buyer's broker, I am committed to keeping my clients up-to-date on properties that represent the best opportunities in the market today.  The properties below represent, through my research, some of those properties.
Please remember I do not accept listings.  Therefore, these selections have been compiled from over 2,000 properties for sale (advertised or unadvertised) via REALTORS, owners and developers.  Properties are selected objectively and without bias, based on their existing merits and not factored in is the potential for further negotiation.  To better understand each property, I have identified any misgivings as well as features, as every property has certain nuances that I make clients aware of.  Best Buy properties have been selected due to price, location, scarcity, quality, rental income and investment potential.
If you would like additional information on any of these, or if you would like me to conduct a personal Best Buy search with the features and benefits of your ideal property, please contact me
aspen ridgeDakota Ridge Foreclosure 
In a neighborhood that commands house values from $350 to over $500 per square foot, this bank-owned property is listed at less than $300 per square foot.  This wonderful home is in mint condition and consists of five bedrooms and five baths and over 6,000 square feet.  It includes a three car garage, library / study, media / theater room and mother-in-law quarters.  The views from this home are some of Steamboat's best, and this great buy is priced at $1.8m. 
sunray goldNear Foreclosure!
APPROVED SHORT SALE FOR $270,000. Best views in the complex looking directly up to the ski mountain. Largest 2 bedroom floorplan available. Includes washer, dryer, ceiling fans and wood blinds. Outdoor storage closet. Low HOA fees include heat, water and cable. One of the best building location in the complex.  Five Sunray's have been sold this year, priced from $295k to $318k, so this one, at $270k, is priced extremely well. 
johns livingroom
2 Bedroom Slopeside Condo 
Top floor ski in, ski out Bronze Tree Condo with panoramic views of the slopes and valley. Jump on the Christie Peak Express chairlift just 100 yards away!  This 2bd, 2ba unit is on the 6th floor with elevator access and has vaulted ceilings, huge floor-to-ceiling windows and a wrap-around deck to take in the fabulous views. Bronze Tree features an indoor pool, indoor & outdoor hot tubs, exercise room, 2 complimentary common area laundry rooms, ski lockers, a parking garage and a seasonal shuttle. Terrific location with foot access to Ski Time Square shops & restaurants.  This needs some work, but it's priced at only $449k, which, at $411 per square foot, will be in the middle of properties priced at $1,000 per square foot.
johns livingroomGreat Christie Club Fractional Ownership Opportunity 
Spend Christmas in Steamboat! Located at the base of the Steamboat Ski Area lies this truly captivating ski in, ski out 4 bedroom condominium facing the slopes. This one-seventh fractional ownership is just steps from the shopping, dining and activities of Ski Time Square. You'll relish this hassle-free
experience that takes pampering to a new level. Inside you'll enjoy finishes such as granite countertops in the kitchen, custom maple trim, lofted ceilings above the gorgeous stone fireplace, private master suite with large windows for incredible views and a covered deck to watch the skiers.  At the Christie Club, every need is met with an outdoor heated pool, hot tubs, complete fitness center with new equipment, sauna and steam rooms, ski storage & ski valet, owner's lounge with pool table, on-site concierge and private, on-call shuttle service. When you buy into the Christie Club, you can set your worries at ease. There's no more special place at the base of Mt. Werner than this!  Listed for Short Sale purchase at $189,000.
Ski season is only 18 days away!  However, there is still plenty of time to take possession before the snow really starts flying.  Interest rates are still low, and there are plenty of opportunities in the market.  Give me a call (877.970.8885) or email and I would be happy to discuss them with you.
If you happen to be watching this coming Monday Night Football Game between the Denver Broncos and Pittsburgh Steelers, keep an eye open for me in the stands.  As a Pittsburgh native, I'll have to keep my loyalty to the team I grew up with.  I'll be sitting beside Ulrich (from my office) and who grew up in a Denver suburb.  It should be a fun evening, for sure!
 johns livingroom

Doug Labor, GRI, RRP, ABR, ABRM, CEBA, e-PRO
Buyer's Resource Real Estate of Steamboat
Broker / Owner