Steamboat Homes

Last week Jon had the opportunity to give a presentation at the business outlook breakfast. A gathering of local business owners in Steamboat, Jon presented a brief slideshow looking back at the real estate market in 2010 and towards 2011.

Discussing 2010, Jon mentioned that the overall volume of sales was better than 2009 for Steamboat, finishing at 117% of the aforementioned year. While discussing the improvement in overall volume Jon segmented his discussion into how smaller aspects of the market fared. For Single Family homes, the average sales price has increased from 2009, as higher end buyers have returned to the market. 2010 saw 30 sales greater than $1 million compared to only 12 sales greater than $1 million in 2009.

However, while some areas of the market are steadying others are still in need of close examination. In this market the key is knowing where values should be, the story on each property and negotiating thoughtfully to get there.

Jon also discussed that one of the main influencing factors of this year and looking toward the future was that “distressed properties will continue to define the market. It [the market] will continue to consolidate, and short sales and foreclosures will increase significantly. It’s not pleasant, but the sooner we work through them, the better values will be — the longer foreclosures go on, the lower values will go.”

Despite this focus on 2010, Jon also discussed the positive outlook for the real estate market in 2011. Jon attributes one of the of the main driving factors that will influence a pick-up in market activity in 2011 is that “people want to retire here for our lifestyle, our hospital and because their family wants to visit them here. Only so much more can be built here, and there’s little appetite to grow.”

Jon has spent the last few weeks “showing properties to an increasing number of location-neutral professionals and people getting ready to retire who have reached the conclusion it’s time to buy.” It is an encouraging sign that many are changing their outlook on the future of real estate in Steamboat and becoming more serious in their search process.

If you get to the point you would like to talk to a broker, we would love the opportunity to discuss your goals. We works hard to provide deeper insights into the market, take care of your interests first and represent his clients at a whole different level. Our goal is to help you understand our market and develop the local knowledge it takes to make the best decision possible for you. Just contact us at Jon@TheSteamboatGroup.com or give us a call at 970.879.0879.

The snow is really falling in Steamboat.  We had an open house this morning for 1446 Eagle Ridge, a 4 beautiful bedroom townhome less than a block from the base of the gondola.  While driving through Eagle Ridge after our open house, we took a few pictures from a few different units around the development of the falling snow.  Looks like a great start to the year and we are all getting excited for the mountain opening next week.  For more information on the home that we had on tour this morning check out 1446 Eagle Ridge HD Video or 1446 Eagle Ridge Pictures.  Feel free to contact us about any additional questions you might have about Eagle Ridge.

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Welcome to our Weekly Solds in Steamboat, we have listed below by-weekly of the Solds that took place in the Steamboat Area for September 2010.  I have included some comments on notable sales, but feel free to give me a call if you would like more information.

Week 9/22 – 9/30

9/22     1395 Morgan Court (Condo 2br/2ba 1,155sq ft) – Located in the Mountain Area, Villas @ Walton. Sold for $310,000 – A surprisingly good price

9/23     435 Ore House Plaza, Unit 302 (Condo 2+br/3ba 1,370sq ft) – Located in the Mountain Area, Pine Ore House Plaza. Sold for $365,000 – above recent comps, think there should have been some more negotiation here.

9/23     36915 William Street (Single Family Home 3br/2.5ba 2,120sq ft 0.37 acres) – Located in the Mountain Area, Tree Haus. Sold for $399,000 – Some great deals are closing on homes for locals.

9/24     2345 Ski Trail Lane (Condo 3+br/2ba 1,492sq ft) – Located in the Mountain Area, Promontory @ Steamboat Condo. Sold for $425,000

9/24     657 Meadowbrook Circle (Single Family Home 5+br/5+ba 5,546sq ft 0.56 acres) – Located in the Mountain Area, Mountain View. Sold for $2,245,000 – Gorgeous luxury home on the creek for a good price.  Let me know if you are looking for something special as inventory in high quality homes with special qualities is starting to recede.

9/24     1446 Morgan Court (Condo 2br/2ba 1,053sq ft) – Located in the Mountain Area, Villas @ Walton. Sold for $275,000 – priced just about right

9/24     920 Falling Water Lane (Residential/Acreage 0.29 acres) – Located in the Fish Creek Area, Fox Hunt Subdivision. Sold for $295,000 – Good to see residential land sales in locals neighborhoods starting to happen, this is a good sign.

9/24     33275 Tatanka Court (Residential/Acreage 10.05 acres) – Located in the Strawberry Park Area, off of Buffalo Pass. Sold for $725,000.  Gorgeous view lot up on Buffalo Pass, nice to see a rural land sale and I was fortunate to work with the new owners.

9/27     3325-7 Columbine Drive (Condo 2br/2ba 1,149sq ft) – Located in the Mountain Area, Sunray Meadows Condos. Sold for $285,000

9/27     2580 Apres Ski Way (Townhome 3br/3ba 1,941sq ft) – Located in the Mountain Area, Aspen Leaf Condos. Sold for $480,000

9/29     40 Sequoia Court (Townhome 2br/1ba 920sq ft) – Located in the Mountain Area, Whistler Village Townhomes. Sold for $130,000.  Very aggressive price for a 2br townhome.  Locals are taking this chance to secure a home.

9/29     2545 Cattle Kate Circle (Condo 2br/2ba 1,180sq ft) – Located in the Mountain, Wildhorse Meadows – First Tracks. Sold for $325,000

9/29     34060 RCR 32 (Single Family Home 2br/2ba 3,436sq ft 6.70 acres) – Located in the Fish Creek Area, Fish Creek. Sold for $669,000

9/30     3269 Snowflake Court (Townhome 4br/3.5ba 3,585sq ft) – Located in the Mountain Area, Flattops View Village. Sold for $800,000

9/30     48 Logan Street (Single Family Home 3br/1ba 972sq ft 0.15 acres) – Located in the Downtown Area, CrawfordAddtoSS. Sold for $330,000

9/30     2215 Storm Meadows Drive #340 (Condo 1br/1ba 594sq ft) – Located in the Mountain Area, Storm Meadows Condo. Sold for $150,000

9/30     2540 Ski Trail Lane The Ledges Unit B (Townhome 4br/4.5ba 5,749sq ft 1.54 acres) - Located in the Mountain Area, Ski Trails Subdivision. Sold for $2,350,000

For more information on these September 2010 Solds or would like to look at Steamboat Real Estate MLS. Feel free to look around and as you begin to have questions, want to know more about Steamboat or how you can achieve your goals here just call or send us an email. We take a low-key approach and would love the opportunity to discuss your goals, give you the insights you need and share some of the things we love about Steamboat so you can make the most of your time here.

Call or Email us at – 970.879.0879  – Jon@TheSteamboatGroup.com

Welcome to our Weekly Solds in Steamboat, we have listed below by-weekly of the Solds that took place in the Steamboat Area for September 2010.  I have included some comments on notable sales, but feel free to give me a call if you would like more information.

Week 9/15 – 9/22

9/17     2780 Eagle Ridge Drive (Condo 2br/2ba 1,150sq ft) – Located in the Mountain Area, Canyon Creek Condos. Sold for $398,000 – Very nice to see the market returning for Luxury resort condos.  As many sales in the last month as the last couple of years.

9/17     2235 Storm Meadows Drive (Condo 1br/1ba 590sq ft) – Located in the Mountain Area, Storm Meadows Condos. Sold for $168,000

9/17     2525 Village Drive (Condo 3+br/3ba 2,043sq ft) – Located in the Mountain Area, The Highmark. Sold for $846,000

9/21     1825 Medicine Springs Drive (Condo 2+br/2ba 1,092sq ft) – Located in the Mountain Area, Trappeurs Crossing Condos. Sold for $399,900  Another resort condo at an attractive price level, good to see pricing stabilizing in this part of the market.

9/21     2580 Apres Ski Way (Multi-Plex 4br/2ba 1,728sq ft) – Located in the Mountain Area, Ski Ranches Subdivision. Sold for $377,000

9/21     1955 Bridge Lane (Commercial Mixed Use 30,000sq ft 1.00 acres) – Located in the Downtown Area, Riverfront Park. Sold for $3,445,000 – A big investor snapped up all of the development’s remaining buildings and land.  fist one that I can think of and an encouraging sign.

9/21     1606 Shield Drive (Industrial Mixed Use) – Located in the Downtown Area, Edgewater Park. Sold for $1,500,000 – same buyer and story as the previous transaction.  Development land sales are a good sign. We will see several more like this before things recover but is encouraging to see development capital returning to the land market.

For more information on these September 2010 Solds or would like to look at Steamboat Real Estate MLS. Free free to look around and as you begin to have questions, want to know more about Steamboat or how you can achieve your goals here just call or send us an email. We take a low-key approach and would love the opportunity to discuss your goals, give you the insights you need and share some of the things we love about Steamboat so you can make the most of your time here.

Call or Email us at – 970.879.0879  – Jon@TheSteamboatGroup.com

Welcome to our Weekly Solds in Steamboat, we have listed below by-weekly of the Solds that took place in the Steamboat Area for September 2010.  I have included some comments on notable sales, but feel free to give me a call if you would like more information.

Week 9/8 – 9/15

9/10     1335 Walton Creek Road (Condo 2br/2ba 1,020sq ft) – Located in the Mountain Area, Walton Creek Condo. Sold for $180,000

9/10     1502 Cascades #2 (Townhome 4br/3ba 2,134sq ft) – Located in the Mountain Area, Cascades @ Eagleridge Townhomes. Sold for $395,000

9/10     885 Yahmonite Street (Single Family Home 3br/3.5ba 3,402sq ft 0.29 acres) – Located in the Downtown Area, Yahmonite Add SS. Sold for $821,000 – this was a nice couple relocating up from Boulder that I was fortunate to represent.  Welcome to Steamboat!

9/10     3448 Covey Circle (Condo 2br/2ba 1,037sq ft) – Located in the Mountain Area, Quail Run. Sold for $270,000 – great condo for this price point

9/10     2113 Overlook Circle (Townhome 5br/4.5ba 3,125sq ft) – Located in the Mountain Area, Eagles Overlook Condominiums. Sold for $499,750

9/10     1900 Bridge Lane Unit 4 (Industrial Mixed Use 2,974sq ft) – Located in the Downtown Area, Riverfront Park. Sold for $510,000 – starting to see some activity in commercial properties

9/14     3470 Spring Valley Drive (Townhome 3br/3.5ba 2,066sq ft) – Located in the Mountain Area, Enclave @ SS. Sold for $560,000

9/14     580 Anglers Drive (Condo 2br/2ba 1,028sq ft) – Located in the Mountain Area, Sundance Creek Condos. Sold for $340,000 – Very nice locals condo with a garage.

For more information on these September 2010 Solds or would like to look at Steamboat’s Springs Real Estate MLS. Free free to look around and as you begin to have questions, want to know more about Steamboat or how you can achieve your goals here just call or send us an email. We take a low-key approach and would love the opportunity to discuss your goals, give you the insights you need and share some of the things we love about Steamboat so you can make the most of your time here.

Call or Email us at – 970.879.0879  – Jon@TheSteamboatGroup.com

Welcome to our Weekly Solds in Steamboat, we have listed below by-weekly of the Solds that took place in the Steamboat Area for September 2010.  I have included some comments on notable sales, but feel free to give me a call if you would like more information.  We will be posting Weekly Solds going forward so please stay tuned:

Week 9/1 – 9/8

9/1 319 Blackberry Lane (Single Family Home 3br/2.5ba 3,495sq ft 0.56 acres) – Located in the Fish Creek Area, Fox Hollow Subdivision. Sold for $750,000

9/1 245 Boulder Ridge Road (Residential/Acreage 0.50 acres) – Located in the Fish Creek Area, Boulder Ridge Subdivision. Sold for $349,000 – This is a big deal to see land in a vacant development sell.  Hopefully this portends that prices are reaching levels that make sense for people to lock in this place in Steamboat

9/2 435 Ore House Plaza Unit 106 (Condo 2br/2ba 970sq ft) – Located in the Mountain Area, Pine Ore House Plaza. Sold for $269,000 – A nice condo for a very attractive price.

9/2 1502 Fish Creek Falls Road (Single Family Home 3br/2.5ba 2,114sq ft 0.60 acres) – Located in the Fish Creek Area, Horseshoe Subdivision. Sold for $525,000 – Prices are getting attractive for homes, this one was  good deal.

9/2 3365 Columbine Drive (Condo 3br/2ba 1,153sq ft) – Located in the Mountain Area, Sunray Meadows Condos. Sold for $310,000

9/7 40172 Lindsay Drive (Single Family Home 3br/3ba 2,016sq ft 0.22 acres) – Located in West Steamboat, Heritage Park Subdivision. Sold for $340,000

9/7 645 Meadowbrook Circle (Single Family Home 4br/4ba 2,997sq ft 0.67 acres) – Located in the Fish Creek Area, Mountain View Subdivision. Sold for $800,000

For more information on these September 2010 Solds or would like to look at Steamboat’s Springs Real Estate MLS. Free free to look around and as you begin to have questions, want to know more about Steamboat or how you can achieve your goals here just call or send us an email. We take a low-key approach and would love the opportunity to discuss your goals, give you the insights you need and share some of the things we love about Steamboat so you can make the most of your time here.

Call or Email us at – 970.879.0879  – Jon@TheSteamboatGroup.com

“Steamboat’s Lake Catamount – early morning”

The Lake Catamount area of Steamboat is located just below Rabbit Ears Pass (refer to above photo), it is a special spot with the beauty of the Rocky Mountains and the gorgeous lake right out your front door. Lake Catamount Ranch & Club offers things to do to that helps you make the most of  the time you spend with your family and friends. The charm that Steamboat Springs brings and the benefits of a private club all combine to offer the Colorado you’ve been seeking and the experiences you are looking for. From world-class skiing at the nearby Steamboat Resort to world-class golf and lake amenities, Catamount Ranch & Club allows you to experience all that Steamboat Springs, the mountains and the valley have to offer.

Lake Catamount is a truly unique community made up of the Cabins at Lake Catamount, homesteads of up to 70-acres situated around the 530-acre private lake that always seems to be mirror smooth and 6-8 acre homesites along the fairways of the Catamount Golf Course. Owners enjoy the option of club membership that includes access to the first and only private golf club in Steamboat Springs, lake activities, trails for use in every season and superior amenities.

With beautifully designed homes, privacy, and access to some of the best trails, golfing, skiing and views of Steamboat, living in a dream home of yours at Lake Catamount might just be what you are looking for in  Steamboat. For more information check out information on Lake Catamount Real Estate in Steamboat Springs or search for Real Estate in the Steamboat MLS.

Living in downtown Steamboat Springs offers a different lifestyle than homes on the mountain.  Having the ability to bike or walk easily to so many restaurants, stores, some of the best trails and sections of river in town. Downtown Steamboat has excellent walkabilitiy scores because everything is so close.  Many downtown residents will tell you they enjoy the ability to stay out of their cars for days at a time.  Living in downtown Steamboat is a great place for families as well and people of all ages. Downtown is great for kids because once they get comfortable being out by themselves they can have the freedom to walk to school and bike to friends homes easily and safely. Steamboat’s downtown is very different than many cities from a safety perspective.  You do need to know where your kids are and have a system for checking in but kids can have the same freedoms many of us grew up with in small towns like mine in St. Joseph, MI.

The types of downtown living options varies as well. Single family homes can be found extending for blocks north of downtown. Or if you are looking to live right in the middle of Lincoln Ave, Steamboat’s main street, there are a few beautiful condos and townhomes. This allows you to decide what type of property best suits you. Homes north of downtown extend for blocks and with the different styles, layouts and neighborhoods if you are interested in finding a home near the schools, trails and Yampa River, living in downtown Steamboat could be the best place for you. Luxury  condos in Howelsen Place and The Olympian provide condos  that range from studios to 3 bedroom condos, allowing you to experience turnkeyurban living in a mountain town. For more information on living downtown in Steamboat Springs, feel free to check out our website or give us a call at 970.879.0879.

The Strawberry Park area of Steamboat is located just north of downtown in a a gorgeous rural setting. With easy access to the open land and trail systems, some of the most enjoyable areas in town to are right out your front door. Only a few miles from downtown, getting to your home in Strawberry Park is an easy 5-10 minute drive to town, but when you get home you are surrounded by the Routt National Forest; Strawberry Park is a beautiful area that combines easy access to the facilities of Steamboat, while giving you the privacy and seclusion of living in a sanctuary.

With easy access to the top of Buffalo Pass, you are close to the top of Spring Creek and Soda Mountain hiking and biking trails. You can continue going up Buff Pass a bit further and reach even more hiking trails in the summer and have easy access to some of the best out-of-bounds skiing and snowmobiling in the winter. Also located near the Lower Bear and Hot Springs Trails these both give you beautiful views of downtown and the valley below. After a tough hike or ride jump in the Strawberry Park Hot Springs, a natural hot-springs just minutes from your home is a great and easy way to relax at the end of the day.

With beautifully designed homes, privacy, and access to some of the best trails and views in Steamboat, living in Strawberry Park is a beautiful area in town. For more information check out information on Strawberry Park Real Estate in Steamboat Springs or search for Real Estate in the Steamboat MLS

The first town challenge went off today at Marabou! A weekly mountain bike race series that travels to different trails around town, this was the third year in a row that the series has opened up at Marabou. Traditionally closed to the public, Marabou gracefully opens their trails up a week leading up to the race and for race day. This year over 200 participants hoped on their bikes and challenged each other and the rolling terrain of the course. A course that is flatter than the majority of the trails in town, the Marabou race is a great way to ease back into racing after a great winter on the mountain. The top riders rode the outer loop of the course, finishing the 12 mile loop in just over 50 minutes.
Marabou offers Master guides to help owners and guests best take advantage of their time in Steamboat. Providing master guides to help with mountain biking, fly fishing, nordic skiing and other activities, Marabou Ranch not only has the facilities and terrain available so that you can participate in these activities right out your front door, but also pairs you and your family up with some of the best athletes and guides in the world to help you learn the sport and best enjoy it.

For more pictures of the Marabou trail system or information on any properties in the Marabou Ranch, feel free to shoot me an email at jonw@thesteamboatgroup.com or give me a call at 970.879.0879.