Silver Linings in the Steamboat Real Estate Market

Saturday, September 18, 2010

Looking for a silver lining before deciding to move forward with your home purchase? Last week, the real estate market news reporters across the country were once again hyping on that black cloud over our head, and taking a very broad brush to paint their picture of our struggle to recover from the housing crisis.

Home Buying Hangover

Prices set to plummet

And the National Association of Realtor’s (NAR) announced that homes sales across our country dropped 27% in July compared to the same measures from July 2009. Bad news makes news, as expected.

So where is that silver lining? As John Soule said (or did he? See this interesting discussion of the quote here) in 1851 “Go West, young man”. Real estate markets vary widely across the country, and the buyer cannot simply read the headlines to determine the healh of the local markets out West.

The median price in the West was $224,800, an increase from $221,800 the month before and up 3.3 percent from the same time in 2009 according to NAR. If you have been watching prices drop for a few years now, an increase in home prices out West should raise one eyebrow. Combine that with interest rates at the lowest they have been since about 1971, and both eyebrows should be raised!

Additionaly, pending home sales also indicate momentum moving forward:

Also from NAR

Following a sharp drop in the months immediately after expiration of the home buyer tax credit, pending home sales have modestly risen

Low interest rates, higher prices, sales picking up? Hmmm…

Indeed, there does seem to be some good news hidden amongst all the dark clouds breathlessly reported each day by the media. If you are a buyer and reading this now, you may want to consider emulating our early settlers over a century ago and start a new life in beautiful Steamboat Springs!

Prices are down 30-40% for the most part in Steamboat Springs, interest rates are at record lows and inventories in select developments are decreasing.

If you have been here, fell in love, and would really like to start a new life in Steamboat Springs, get your Steamboat market report today.

Dean Laird, Broker/Owner
Colorado Group Realty
877-678-0884

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Stagecoach foreclosure inventory is moving quickly

Wednesday, September 15, 2010

There is a crowd in the Fort Collins, Denver and other Front Range Communities who have been waiting for these opportunities and have begun to act. Buy now to take advantage of prices that in most situations, are well below the cost of building. Stagecoach Reservoir is just 5 minutes from most of these homes and only 20-25 minutes south of Steamboat Springs, Colorado. All homes have gone under contract since August 1st, 2010.

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List $264,900 Pending
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List $286,900 Pending
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List $324,900 Pending
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List $359,900 Pending
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List $375,000 Pending
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List $449,900 Pending

To see other Stagecoach homes owned by banks or in foreclosure, see my Steamboat REO and foreclosed homes page at DeanLaird.com or call me at 877-678-0884 to get on email notification.

Skiing Steamboat Springs to 10 million socks. How living in Steamboat Springs can lead to success.

Saturday, September 11, 2010

If your family or friends are giving you grief for considering the idea of becoming a ski bum, you may want to point them to this story - who says being a Steamboat ski bum can’t pay off?

In 1994, two ski instructors opened the Smart Wool Company.

Smart Wool had another record-breaking year with revenues nearing the $100 million mark and sold more than 10 million pairs of socks in addition to its growing apparel line.

Steamboat Today

The original owners, Patty and Peter Duke no longer own Smart Wool, but they are positioning themselves to continue the success story with their newest Steamboat Springs-based sock company - Point 6

If that is not enough convincing that doing what you want to do in life can lead to success, see these other successful companies that have spun out of this small Colorado town while Biking, Hiking, and Kayaking. kayaking-steamboat-springs.jpg

Erikson Cycles

Boa lacing system for shoes and more

Kayaking and Paddling Magazine/

or if you play really hard, you may just end up like this guy.

Johnny Spillane - 2010 Olympic Silver Medalist.

For information on more about the lifestyle in Steamboat Springs, contact a Realtor that has spent his life living in resort towns.

Dean Laird, Broker/Owner
Colorado Group Realty
877-678-0884

Lack of quick service is good indicator Steamboat’s economy is just fine

Wednesday, September 8, 2010

A fresh reminder this isn’t the big city! And there is plenty of work in Steamboat.

The moving van arrives on Friday and I need 3-4 strong people to help shuffle furniture and fixtures up 3 flight flights of stairs in a luxury condo. Cleaning by tomorrow, paint touch ups by today, locate a couple of new fixtures for the living area and bath, check out the boiler, adjust the garage door and a few other items are all on order before my Buyers arrive for closing on their real estate purchase this Friday.

Earlier this summer I heard often from my contractor and service industry friends that business was slow, so I didn’t worry about booking home maintenance services early. Come to find out, that there apparently is no shortage of jobs in Steamboat. The moving company was booked until 2 weeks out, 3 cleaning ladies called to say they were all booked, the painter out a week, carpet cleaner and plumber/mechanical contractor for the boiler radiant heat system can’t fit me in and suggested another company, and I’m still trying to find someone to adjust the garage door. All day was spent trying to find services in Steamboat. My predicament reminds me the busy days of 2007; to get something done quick, I have to throw on the tool belt and get to work.

Its good to see that Steamboat is buzzing along again for the service industry. Contractors who are good at what they do are staying plenty busy. When real estate is selling again, demand for reliable services is high. I’m fortunate to have a reliable source of friends who can squeeze me in between jobs in a pinch.

Steamboat’s strengthening economy should be a sign of what’s around the corner in the real estate market.

Dean Laird
Broker/Owner Colorado Group Realty
877-678-0884

Steamboat Lake and State Park

Monday, September 6, 2010

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Its hard to beat this lifestyle just 30 minutes north of Steamboat Springs, Colorado. Real estate for sale near the shores of Steamboat Lake are found at Captain’s Cove or Contact Dean Laird, Colorado Group Realty - Broker/Owner with over 14 years in land sales experience. 877-678-0884.

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30% discount on a luxury condominium at Steamboat’s Bear Lodge

The developers of Trappeur’s Crossing Resort’s Bear Lodge are wrapping up the summer selling season with a final push to sell 3 more condominiums at drastically lowered prices.

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The deal: 30% off the next 3 sales of any of our unsold 3, 3 + den, 4, or 5 bedroom condos. Prices include a full turn-key developer furniture package.

The Trappeur’s community center has seen close to a million dollars in upgrades over the past two years, making it one of the premiere Steamboat resorts for convenience and comfort. The Steamboat Ski Resort base area is within walking distance or a shuttle is available for quick access to the slopes or downtown.

One of the popular choices for vacationers is the garden level courtyard condos such as unit 6111 with 3 bedrooms and 3 full baths. This luxury condo offers a private 500 sq. ft. patio complete with a hot tub, outdoor gas fireplace and BBQ grill. The popularity results in the best rental revenue numbers in the entire resort. 1727 sq.ft floor plan is ample room for family entertaining.

The amenities include an expansive gym with a mixture of free weights, stationary bikes, Stairmasters®, treadmills and Nautilus ® equipment. Pool, hot tubs, tennis courts and a putting green are in your own backyard. And when your are completely exhausted following a day of play, pampering service is waiting for you at the full service day spa.

Contact Dean Laird - Broker/Owner at Colorado Group Realty to take advantage of this limited opportunity. 877-678-0884. Or see my website - SteamboatCondos4Sale.com for more info on Steamboat Springs condominiums.

Announcing new personalized searches!

My excellent web programmer from SnowAlarm, Inc. has done a great job adding personailized searches to my real-time search tool! This means you can save listings and/or searches that you like on my server, and access them from any computer. In addition, the searches and listings you save on one site are accessable from any of my other sites, including those dedicated to Steamboat ski condos, Steamboat land and Steamboat fine homes! Register now, and put the power of personalized searches to work for you today.

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Morning frost, bears and fall trees at Storm Mountain Ranch, summer is ending in Steamboat.

Sunday, September 5, 2010

A banging sound outside my window this morning awoke me about 3 AM. Rules to follow in the fall - don’t leave your window open next to the trash in the kitchen or you may just bump into a friend looking more than a fresh cup of Joe.
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The bears are looking for food, the thermometer is registering at 32 degrees and below, and the aspen trees are turning. It is fall 2010 in Steamboat.

Michelle, Nolan and I spent the past week as a guest of Storm Mountain Ranch. I can’t say there is a better way to wrap up summer, than staying home for a vacation, so to speak. I still worked all week, but it just didn’t feel like it. The hospitality, landscape and serenity of this majestic setting were beyond words.

We rowed a boat at sunset, caught 9 or so 2+ pound trout on fly rods, fired up the BBQ at night and sat by the beachfront fire. The days were warm enough to play in the sand and water, and cool nights provided for a beautiful sunrise with steam rising from the ponds. There were no lights around you at night, so the stars reminded me my days camping outside civilization. However, this was just 5 minutes to downtown Steamboat Springs! And Nolan - my 3 year old son, reminded me of that - “Dad lets go get dessert at the gas station” - our new nightly routine.
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In a week we saw just a fraction of the 1,063 acres. I had heard this is like your own National Park and having visited many in my lifetime, I must agree. The rushing waters of Walton Creek, the towering Walton Creek Falls - also referred to as June Falls, the granite canyons, old growth aspen and spruce trees, elk and deer, and sounds of coyotes at night was just the beginning, I live nearby and can say in all honesty, you had to be there to truly appreciate the lifestyle these 12 owners enjoy.

Our sincere appreciation goes out to Mary and the staff of Storm Mountain Ranch for such a peaceful and enlightening week.

If you would like more information on this “natural sanctuary away from the hectic pace of this world” -

Contact-

Dean Laird - 877-678-0884
Dean@mybrokers.com
Colorado Group Realty - Broker/Owner
Exclusive Listing Broker for “A Log Home Retreat at Storm Mountain Ranch”

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