New sales incentive for Bear Lodge at Trappeur’s Crossing

Friday, June 10, 2011

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To jump-start the summer, Bear Lodge at Trappeur’s Crossingis offering a new promotion!

In addition to the 25% off, they are offering 3 years paid homeowner association dues at closing to the next buyer.

Remember, Bear Lodge is the only new development that is 80% sold out! The developer is debt free, the model unit is open every day and the amenity package is unlike anywhere else in town. The remaining availability and pricing on the remaining 7 developer units can be found here

Contact me to view these properties.

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Update on sales progress for First Tracks at Wildhorse Meadows

As of Friday, May 27th, the 31st residence in First Tracks at Wildhorse Meadows has closed. In addition, another 2 bedroom is under contract and is slated to close July 7th. The remaining availability and pricing can be found here.

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Edgemont’s Current Financial Condition

Thursday, June 9, 2011

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Edgemont has $7M in outstanding debt that will be paid in full by May 2011. It’s over 50% sold, with 18 condos remaining. 70% of the original contract holders (back in 2007) closed, which underscores the viability of the project. Edgemont is not holding any contracts back as “potential sales” which could skew the numbers; the ones that didn’t close are back on the market and ready for new buyers.

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New Edgemont Price List

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Pricing for the remaining fifteen residences at Edgemont as of April 22, 2011 are here.

Some things to note:

  • 2 Bedroom Units: The remainder of our two bedroom units have been reduced up to $275,000 from winter pricing and residences (#2306 & #2403) are now priced just under $1 million at $995,000.
  • 3 Bedroom Units: #2402, #2408, #2502 and #2608 have each been reduced between $50,000 and $90,000.

In addition to the release of this new pricing, Edgemont is excited to announce the Spring/Summer 2011 Sales Program – NO OWNERSHIP COSTS UNTIL SKI SEASON 2011/2012 BEGINS! This means HOA Dues, Property Taxes & Electricity will be paid by the developers while you are sunbathing at the Edgemont pool this summer!

On another note, Edgemont has had a few interested buyers inquire about partnership opportunities for both usage and financial reasons. If you are interested in joining another family in ownership at Edgemont, please contact me, and I will be happy to help facilitate the discussion.

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Storm Mountain Ranch developer sells home for $5.3 million

Tuesday, June 7, 2011

The Steamboat Pilot reports that Storm Mountain Ranch dev­­eloper Jeff Temple and his wife, Kim, have sold their home on Water Song Lane on a prime 70-acre tract fronting the largest pond in the development for $5.3 million.

“We really feel fortunate,” Temple said. “I got a fair price. And the sale, with the price per square foot, shows the value of a shared ranch community. It’s a big accomplishment.”

The 4,855-square-foot home sold for the equivalent of $1,091 per square foot, albeit on twin 35-acre lots at Storm Mountain.

The buyer’s broker said her client acted when the price was reduced a second time to $5.7 million, and the deal was put together within a week.

The home is all on one level with a family-style floor plan, and the home is easy to maintain, the broker said. It has a high level of finishes but succeeds in looking unpretentious.

“It’s a house you can make a home,” she said.

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One Steamboat Place Guest Visit Program

Saturday, June 4, 2011

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Summertime in Steamboat Springs

After a tremendous winter ski season and extended thaw, summer is finally right around the corner. As the snow melts, the trees are budding, flowers are blooming and a gorgeous carpet of lush emerald green is beginning to cover the surrounding valley. There’s really nothing like summers in Steamboat Springs. The options of things to do are endless! Whether you prefer scenic hikes, tubing down the Yampa, mountain biking, golf, fishing or great music and arts……Steamboat has something for everyone.

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Some great summer events to look forward to:

· Steamboat Springs Pro Rodeo Series
· Steamboat Marathon, Half Marathon and 10K
· Steamboat Cowboy’s Roundup Days and 4th of July Celebration
· Hot Air Balloon Rodeo and Art in the Park
· Steamboat Wine Festival
· Wild West Air Fest
· Strings Music Festival
· Rocky Mountain Mustang Roundup

One Steamboat Place is not only the most convenient and ideal location for accessing the ski slopes, but also the perfect summer setting as well. Nestled in the mountain village where Mt. Werner is our Owner’s backyard playground, One Steamboat Place is steps from shopping, dining options and endless recreational opportunities. If you are considering spending some time this summer in Steamboat Springs to continue exploring the possibilities of a Steamboat home away from home, come and enjoy the most luxurious residences in Steamboat Springs….

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Our Guest Visit Program is an amazing opportunity for you to experience One Steamboat Place first hand.
Details of the summer program have been released. Contact me today for information and availability.

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Going… going… GONE! The last bank owned home in the immediate vicinity of Steamboat Springs is under contract.

Wednesday, May 11, 2011

Homes with 3 or more bedrooms in the Downtown, Fish Creek and Mountain area of Steamboat Springs are now selling quickly. There may be more inventory on the horizon, but as of today, the last home listed as a REO (Bank Owned) on the Steamboat Springs MLS is under contract. Since January 1st, 2011, 44 homes have either sold or are pending sales that are scheduled to close soon. What’s left for Steamboat foreclosures are some incredible deals on the newly constructed Long View Townhomes in the $300k to $400k price range. Approximately 25% of the bank owned sales are for homes over $1,000,000, so it not just the lower priced properties of Steamboat Springs market that are in demand. Historically low interest rates coupled with higher demand and less inventory means it’s time to get off the fence!.

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Its all about timing, time to watch the 3 & 4 bedroom ski-in condo market in Steamboat

Sunday, March 6, 2011

If I were a betting man and willing to pick a niche market where Steamboat has rounded the corner and say with some confidence that we have hit bottom: ski-in, 3-bedroom condos with newer finishes for under $1 million would be my 1st pick.

Torian Creekside is one property in this category. The best deals remaining there have a northeast view of the Steamboat Ski area. Absolutely fabulous views for now, but keep in mind a future development may get in the way of the view. Also, most of Torian Creekside residences built in 1999 could use some upgrading. Units 212, 312 and 418 have tile counters and cooks don’t like grout lines and ceramic tile counters. Replacing with granite or other solid surface such as quartz is a must. When the market rebounds in combination with a revitalized Ski Time Square, these are deals to watch from $650,000 to $1 million range.

Look past the Chateaux Chamonix check-in area which needs a bit of freshness and this property offers some options at or just slightly above the $1 million mark. 3 bedroom luxury condos in the C building range from just under $1m to $1.2m.

If you can afford more, now is the time to consider new construction while the deal is still on the table. Edgemont recently advertised 30% off the first 3 deals and they all sold. Then they offered 25% off the next 3 deals and those all sold. Now Edgemont is offering 20% off next 3. According to their sales staff one 3-bedroom is going under contract today. Prices reflect a discount off their pre-construction prices from 2007-08. Views, ski to the door, soak in the pool with one of the best views in the world, convenient, true ski-in/ski-out access to make shuffling the kids easier, this project lives up to its price with quality at around the $1.5 million mark.

If you don’t mind crossing one road to the slopes and looking for a bank owned real estate deal tax assessment value at around $2 million and newly listed at $794,000 you better hurry. Highmark at Steamboat is selling fast. I called today for an update to find out that 3 of the residences listed at bargain prices had offers submitted.

For more information on ski-in/ski-out condos, rental incomes and better values,

Contact:

Dean Laird
Broker/Owner
Colorado Group Realty
970-846-8284
Dean@mybrokers.com

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