Steamboat Real Estate Analyst & Newsletters
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It's Summer in Steamboat!
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Greetings!
There are a number of things that make summer so special in the Rocky Mountains: Visually, bluebird colored skies, snow capped mountains, meadows full of wildflowers, clear mountain streams and crisp mornings followed by warm days and cool evenings. From an activity standpoint, it's hiking, biking, golfing, fishing or anything else with an "ing" that may meet an outdoor enthusiasts fancy.
Participating in a myriad of events throughout the summer has also been a popular way to enjoy Steamboat. For over 100 years Steamboat has celebrated Independence Day in true western fashion, with events for the entire family. This year you can kick back in your boots at several community events including a community all-you-can-eat pancake breakfast, the annual Yampa Valley Bank parade down Lincoln Avenue, Pioneer Days Block Party featuring a band, free root beer floats, evening rodeos, and the Ranch Rodeo where local ranches compete against one another in the Old West tradition.
And for nearly TEN YEARS Buyer's Resource Real Estate will again set up our canopy in front of our 56 9th Street office for all of our friends with free watermelon, lemonade and balloons for the kids. Please stop by and say Hi!
What we'll be missing this year will be our 4th of July fireworks display. Due to a drier than normal winter and spring the town has made a decision, like it did in 2002, to not risk the potential for starting a wildfire. This action also sends a message to other Independence Day revelers to look for other options when celebrating this year. The display has earned a reputation as being one of the best in Colorado, but the fireworks will be placed in safe storage and used this coming winter to help commemorate the 100th Annual Winter Carnival in February and 50th year anniversary of the Steamboat Ski Area.
To replace the fireworks the City will be hosting a FREE CONCERT at the base of Howelsen Hill. Additional festivities for the week include the cattle drive down Lincoln Avenue at 10 a.m. July 1.
Rodeos also are being held the Fridays and Saturdays before and after the 4th, as well as the Chamber's ever-popular Hot Air Balloon Rodeo and Art-in-the-Park July 7th and 8th.
I hope to see you here on the 4th of July!
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What Direction is the Steamboat Market Heading?
It has taken an extensive amount of research to answer this question, but you can find the answer in this month's newsletter by clicking here.
The best opportunities may have already happened...
I feel this is one of the most revealing newsletters I have written!
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Steamboat Best Buys
Foreclosure Opportunities Dropping!
The December 2011 Foreclosure Hot Sheet had 44 Residential Listings. This month there are only 22. Give me a call (877.970.8885 x 101) or send me an email for a list of all of the residential, land and commercial foreclosures currently on the market.
As Scarce as They Get! Rarely does a property like this come on the market...let alone at a reasonable price. Located next to the Christie Peak Express lift, this slopeside 4br/3ba, 2,750 sf townhome has all the room a large skiing family needs. Even though it needs some updating, at $435 /sf, one could invest another $100k into it and have $471/sf invested and laugh all the way to the bank where neighboring condominiums are being purchased at $862 / sf. Listed at only $1.195m. Location, location, location.
Affordable and Adorable Mountain Cabin
Nestled in the aspens and surrounded by lush forest that offers privacy and serenity in a 3br/2ba Stagecoach area home. Situated on almost a half acre with 1,634 sf of quality construction but priced at only $183 / sf, or at $299,000. Not a short sale or foreclosure, and pride of ownership shows from the excellent condition of this cute and inexpensive home. 35 Acres and Jack Creek Reduce d over 50% from its original list price, this absolutely stunning parcel only 25 minutes to the south of Steamboat has all of the features anyone would want for a mountain hideaway...live water, seclusion, wildlife, beautiful southern views to snowcapped peaks, no covenants and end of road privacy. $199,000
Five Hands Ranch
There is value in this property! 318 acres in an area where vacant land is selling for an average of $8,600/acre yields a land value of $2,734,800. Add a 5,950 sf house where the quality represents a value of $250/sf, the house value would be $1,487,500. Add the two and you come to a grand total of $4,222,300...but it's listed at $3,600,000! Plus excellent horse facilities and water rights. Only 10 miles to Steamboat.
Currently, there are over 1,800 listings in the MLS, so these properties are just a sampling of some of the great buys in the Steamboat Springs market right now. Please let me know if you would like any additional information, or if you would like me to conduct a personal search for you. |
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Summer in Steamboat Springs is a wonderful experience. The saying with the residents is
"You find out about Steamboat for the winters but call it home for the summers."
If you're not yet a full or part time resident, I hope you find the time to visit this summer and find out the great opportunities that currently exist for home ownership.
Please feel free to give me a call (877.970.8885) or email to discuss any thoughts you may have on fulfilling your dreams of owning a Steamboat Springs property. The time may never be better!
Sincerely,
Doug Labor, GRI, RRP, ABR, ABRM, CEBA, e-PRO
Buyer's Resource Real Estate of Steamboat
Exclusively Representing Buyers
Offering 30 years of experience to help you locate the best property that meets your needs. I will assist in negotiating the lowest price and best terms, while looking out for your best interests...at no cost to you!
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