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Issue: 5.1 January, 2010
This Month's Newsletter
Market Update
Exciting Times in Steamboat!
Ski Town, USA has been rocking this month, with the 11th Annual Musicfest, Ski Jam VII, and 36th Annual Bud Light Cowboy Downhill, t124043he latter of which was moved from the typical 1:00 pm start to 4:00 pm with a free concert to follow in Gondola Square.
February is going to start off with a bang as well, with our Olympian sendoff & community celebration on February 5, as we celebrate all of our local Olympic heroes as they head to the 2010 Winter Games.  This includes igniting a 20 foot tall "Community Cauldron" (similar to the Olympic cauldron), fireworks, a special show by the Flying Aces aerial ski team starring Fuzz Federsen, and special celebrities, including past, present and future Olympians available to meet in person and get their personal autograph.
If you haven't heard, Steamboat has sent more Olympians to the Winter Games than any other town in North America! 
The reason Steamboat Springs has produced so many world class athletes is because of the Steamboat Springs Winter Sports Club.  And the major fundraiser for SSWSC is their annual Winter Carnival.  In it's 97th year, Winter Carnival will be held from February 3rd - 7th.  If you haven't made any plans to visit, there is still time, and it's well worth the trip.

Winter Carnival Special!

If a visit to Steamboat around Winter Carnival is a possibility, I would like to offer to my clients a special lodging incentive that just may help get you out here:
Accommodations in a SLOPESIDE 2 Bedroom, 2 Bath condominium for only $150.00 per night (plus tax).  Our regular rate during Winter Carnival is between $275 and $325 per night!
(offer valid from 1/29/10 through 2/11/10) 
ski trails extThis is in my personal condominium.  It is totally equipped with full kitchen, a master bedroom with a king size bed and private bath, and a guest bedroom with a queen and twin bed and a guest bath.  The condo is located in Ski Trails, which is directly under the Silver Bullet Gondola, and within an easy walk to the shops and restaurants of the base area.  If you would like to know more about the property and reservation schedule, click here.
If you would like to email Mary directly with questions or a reservation, click here.
jan 10 newsletterMarket Activity Continues to Improve
As far as synonyms go, there is buy, bye and by.  The former two could easily and accurately be used when describing the 2009 Steamboat Springs real estate market, especially by placing the word "good" in front of them.  However, it really depends upon whether you were a seller or a buyer as to which of the two you would select.
As an exclusive buyer's broker, all of my clients could use the term "Good Buy" when describing their experience last year.  Some could even take the slogan from the Guinness Beer commercial and use the exclamation "Brilliant!".  This month's newsletter shows signs that 2009 just may have been the lowest point Steamboat real estate activity will ever see.  The typical 4th quarter slowdown that has been occurring for the past 14 years did not happen.  In fact, the recently completed fourth quarter of 2009 was the most active of the year!  Properties priced at desperation sales prices are being fetched up, as opportunity seekers are beginning to emerge.  Look for a slow, but steady increase as we come out of this recovery.
To find out more about what happened in 2009, who got the best deals and how more signs are pointing to a turn in the market, read today's newsletter, 'Good "Buy", 2009' by clicking here.

Steamboat Best Buys! 

 These are from my November newsletter.  Please see their status at the end of the property descriptions...
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. Status:  UNDER CONTRACT! 
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. Status:  UNDER CONTRACT!
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.  Status:  Available!
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.  
SOLD for $189,000

The time to buy may never be better than it is today.  Interest rates, motivated sellers, ample supply, foreclosures, short sales.
"Who has the capital to invest in a downturn?
Those who invested in the last one..."
I wish the best of luck to our local athletes competing in the upcoming Olympics, and to you in all of your real estate endeavors.  Please remember I am here to help you any way I can.
 johns livingroom

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