Saturday, September 13, 2008

Steamboat Springs Local Realtor Michelle Diehl, Joins Prudential Steamboat Realty

Hello Friends,
I am excited to let you know I have joined Prudential Steamboat Realty.
My former company was acquired by Coldwell Bankers Silver Oak in August. I was offered a wonderful opportunity, but after due diligence, I chose to affiliate with Prudential Steamboat Realty (PSR). Their status as the top producing Real Estate Brokerage in Routt County since 2002 with over 25% of all market share in sold listings and dollar volume made PSR my best choice to serve you, my valued clients, when buying or selling in the Yampa Valley.

I am still the same hard working and caring broker you are used to, but now we have superior resources for marketing, networking, and success. I appreciate your business, inquires, friendships, and referrals!

Large purchases in 2007: Total real estate sales in Steamboat were record breaking in 2007 at $1.5+ billion which was 42% greater than sales in 2006. Resort operator Intrawest ULC (a Fortress Investment Group LLC company) bought American Ski Company's Steamboat Ski and Resort Corporation for $265 million; Starwood Hotels and Resorts Worldwide, Inc. bought the Sheraton Steamboat Resort (Golf Course & Hotel) for $57 million; Cafritz Interests, LLC development group (engaged with the Atira Group) bought Ski Time Square's commercial property and Thunderhead Lodge Condominiums for $53.9 million; The Atira Group in a new partnership
with institutional equity partners, bought former Bear Claw III parcel (now the site of the new slope side development called Edgemont) for $25 million (late 2006); and finally, Steamboat 700 LLC bought Mary Brown's 700 acres west of town (estimated 2,000 homes to be built) for $24.6 million. All the purchasers have major plans and are in the process of demolition & rebuilding, new construction, and/or modernizing facilities.

I believe the closed transactions in 2007 are an indication of Steamboat's future growth and opportunity even given the economic trends and state of the real estate market as a whole. If you are looking for an investment shouldn't Steamboat be in your portfolio? Our prices are still below Vail, Aspen, and Telluride, but for how much longer? A Buyer's Market (over 6 month supply of inventory in a given price range) is a great time to negotiate a deal. With the government taking over Freddie & Fannie, the interest rates have dropped substantially. Now is a great time to take advantage of good rates and good prices. Steamboat will continue to grow and thrive. Call or e-mail me for available opportunities...I hope you all will enjoy receiving Steamboat Real Estate Updates (SREU from Michelle) in the future…

Michelle Diehl, GRI
Broker Associate
Prudential Steamboat Realty
Cell: 970.846.1086
Office: 879.8100

610 Market Place Plaza, Suite 100 Steamboat Springs, CO 80487

To obtain information on any property in Steamboat Springs or the surrounding areas with Buyer Representation, contact
Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I am happy to help...

cell: (970)846-1086
office: (970)879-8100 ext. 434