Tuesday, January 27, 2009

STEAMBOAT SPRINGS MARKET STATISTICS FOR THE PAST YEAR

Steamboat Springs Real Estate Market Statistics

As of January 27, 2008 based on the Steamboat Springs Multiple Listing Service (MLS):
January 27th, 2008 - January 27th 2009:
313 “SOLDS” for the one year period in the Steamboat Springs MLS.

The largest number of properties “SOLD” was in the under $400,000.00 price range.
48 Single Family (SF) homes, 41 condos and 27 townhomes (TH) = 116 total sold.

The second largest number of properties “SOLD” ranged from $400,001.00 - 1 Milllion.
41 SF homes, 30 condos, and 18 TH's = 89 total sold.

Above the 1 Million mark there were 27 solds mostly in SF homes.

There were 26 timeshares, 4 ranches, 10 mobile homes, and 31 lots that sold in the last year.

68 Transactions took place in December 2008. Sales volume was at 29% from the previous December. The average transaction price was $789,971 and the median price was $423,750.


The residential market had the majority with 274 properties selling.

The Mountain Area had the largest Sold percentage with 47% for 129 SOLD properties.
The Fish Creek Area had 25 SOLD properties.
The Downtown Area had 19 SOLD properties.

If you are looking for a homesite, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I am happy to help...

web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434

Monday, January 26, 2009

Steamboat Resort Travel OK Given the Economic Conditions

On the market: Report: Resort travel better than expected
By Tom Ross (Contact)
Sunday, January 25, 2009
Tom Ross' On the Market column appears Sundays in the Real Estate section of the Steamboat Pilot & Today. Contact him at 871-4205 or e-mail tross@steamboatpilot.com.

Report: Resort travel better than expected An organization that studies travel trends at resorts throughout the western states reports that the hit absorbed by ski resorts wasn’t as bad as anticipated. According to the most recent data released in the Mountain Travel Monitor produced by the Mountain Travel Research Program (MTRiP), the occupancy rate for destination resorts was down 8.5 percent from last year, while the average daily rate for accommodations declined 4.8 percent.

The data was derived from a sample of 216 property management companies in 15 mountain destination communities across Colorado, Utah, California and British Columbia. Figures for occupancy in mountain resorts is still down 18.1 percent overall for the entire season, according to MTRiP. And the advanced reservation outlook for the remainder of the season remains weak with bookings for January through April running 20 percent behind last year’s pace.

A decline in revenue primarily was because of significant last-minute discounts offered by lodging properties. With December economic indicators very weak — including the Consumer Confidence Index at 38.0, which ties the record low set last October — and unemployment rates as high as 7.2 percent, projections for good holiday business were low.

Overall, December reservations were down 7.1 percent compared to last December.

Frontier Airlines brings in 1,416 in December
Passenger numbers on Frontier Airlines flights between Denver and Yampa Valley Regional Airport during the second half of December were comparable to the numbers for the longstanding Northwest Airlines flight from Minneapolis.

Figures maintained by Routt County show that Frontier flew 1,416 passengers into the valley last month. Frontier began its service on 70-passenger turboprops Dec. 17, offering three daily flights most days of the week but cutting operations to two flights in the middle of the week. Northwest, which operates a daily flight from the Twin Cities of Minnesota on a 124-passenger Airbus, delivered 1,459 travelers in December.


END OF STEAMBOAT PILOT & TODAY ARTICLE...............

If you are looking for a homesite, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I am happy to help...

web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434

Steamboat Springs, Colorado Receives High Approval Ratings!

By Blythe Terrell (Contact)
Saturday, January 24, 2009


Steamboat Springs — Steamboat Springs probably won’t shake off its economic challenges for two or three years, Steamboat Ski and Resort Corp. President Chris Diamond predicted.

Diamond gave the featured talk at Mainstreet Steam­­boat Springs’ annual meeting Fri­day at Old Town Pub & Restaurant. He offered tentative predictions and noted that Steamboat Ski Area and downtown businesses need to work together to provide good service to visitors.

“In terms of this season, it’s not the end of the world,” Diamond said. “We’re going to get through it. In fact, I wouldn’t be surprised if by the time we get to April 12, which is our closing date … I think we could be off in total visits in single digits.”

But fallout from problems in the U.S. financial market probably will trickle down for a couple of years, Diamond said. He attributed that to discussions with people from Fortress Investment Group. Fortress, a public hedge fund and private equity firm, is the parent company of Intrawest, which is the parent company of Ski Corp.

One bonus for Steamboat, however, is its high approval rating for service. Surveyors working for Ski Corp. ask visitors to rank their experiences on a 1 to 10 scale, Diamond said. The two lowest scores are subtracted from the two highest, he said, which is considered the most valid measurement. Steamboat had earned an 8.2 through about Sunday, he said. That ranking represents visitors’ experiences on the mountain and off, Diamond said.

“To get something like an 8.2 is extraordinary,” he said. “I think last year, we were at a 7.8. To be there — again, this is the whole community.”

The ranking is the highest among Intrawest’s resorts, Diamond said. The Vancouver, B.C.-based company runs 11 North American resorts, including Whistler Blackcomb in British Columbia, Copper Mountain and Winter Park.

Businesses must focus on maintaining that high level of service, he said. The weakened economy provides an opportunity to hire and retain workers who provide that, Diamond said. The Steamboat brand of Western hospitality also will be crucial, he said.

“We need to make sure next year we do everything we can to make the Steamboat product differentiated in the market,” Diamond told the crowd.



END OF STEAMBOAT PILOT & TODAY ARTICLE...............

If you are looking for a homesite, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I am happy to help...

web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434

Friday, January 23, 2009

Thunderhead Redevelopment (The Atira Group) in Steamboat Springs, Colorado

Thunderhead redevelopment proposal draws large crowd
Centennial Hall packed for review of base area development
By Brandon Gee (Contact)
Friday, January 23, 2009

Steamboat Springs — People packed Centennial Hall on Thursday night for the Steamboat Springs Planning Com­mission’s review of the proposed Thunderhead project at the base of Steamboat Ski Area.

As of press time, Planning Commission still was in the thick of debating the project and had not taken a vote. Height variances, aesthetic issues, economic impacts and more were among the items that drew the large crowd of supporters and critics.

The Atira Group is redeveloping the former Ski Time Square and Thunderhead Lodge properties that it demolished last year. Atira has decided to submit separate development applications for the projects, with the 390,000-square-foot Thunderhead site coming first. The application anticipates 100 residential units averaging about 2,300 square feet, along with two restaurants and shops.

Atira requested several variances for the project including overall heights about 30 feet higher than the 73-foot maximum prescribed in the Community Development Code for the gondola two zone district. Atira also is requesting a five-year grace period instead of the standard three years before it must pull a building permit and plans to build a turnaround driveway in the city’s Ski Time Square Drive right of way.

City planners recommended approval of the project, saying the project’s public benefits correspond with its requested variances. Proposed benefits include a commitment to earn a silver certification from Leadership in Energy and Environmental Design for green building practices in the construction of the two eight-story buildings; public amenities such as seating areas, restrooms and outdoor fireplaces; the gifting of space to Yampa Valley Medical Center to relocate its injured skier transport center; and economic sustainability in the form of short-term rentals.

Several in the audience and others who wrote letters, however, disagreed with city staff’s recommendation.

“I haven’t heard anything about why this height is necessary to achieve these goals,” said local attorney Ron Smith, who is representing homeowners in the Bronze Tree condominium building north of the proposed project. “Where is the public benefit that large?”

Bill Jameson was strongly opposed to allowing Atira to construct a driveway in the public right of way.

“Scale the building appropriately, and it doesn’t have to be in the public right of way. Move it back,” he said. “Don’t just give away public property. This is valuable property up there.”

City planner Jonathan Spence said the width of the city’s right of way on Ski Time Square Drive is excessive.

“The idea was that we were going to vacate portions of that right of way to allow for more interesting streetscapes,” Spence said.

While most residents who own condominiums near the proposed project wrote or spoke out against it, others were supportive. Thunderhead also received endorsements from business owners, other developers, a Steamboat Ski and Resort Corp. executive and others.

“The project is a critical component for the overall plan for a renaissance at the base area,” said Chuck Porter, former general manager at the Sheraton Steamboat Resort. “It’s important to remember that high density was desired at the base.”

Planning Commission postponed a review of Thunder­head’s community housing plan to Feb. 8 because of the late hour.

Earlier Thursday, the Plan­ning Commission unanimously recommended approval of a request from Trappeur’s Cros­sing to allow payment in lieu for six deed-restricted affordable housing units the development is finding difficult to sell, partly because of financing limitations the development faces as a “condo-tel.”

“We’ve hit a wall,” developer Michael Hurley said, “and we’re asking for a change.”

Hurley also asked that he be allowed to pay the fees — currently valued at $117,624 per unit — at the time of closing for each of the units rather than up-front. Interim Finance Director Bob Litzau prepared a memo raising concerns about the request, writing it would lead to more costs and risks for the city. Planning Commission unanimously voted to approve the request contingent on the developer and the Steamboat Springs City Council working out an acceptable plan.




END OF STEAMBOAT PILOT & TODAY ARTICLE...............

If you are looking for a homesite, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I am happy to help...

web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434

Thursday, January 22, 2009

The Atira Group in Steamboat Springs (Thunderhead Project) Requests Height Variance

Steamboat briefs: Affordable housing on planning agenda tonight
Thursday, January 22, 2009


Affordable housing on planning agenda tonight
Steamboat Springs — The Steamboat Springs Planning Commission meets at 6 p.m. today to debate the Thunderhead project, which is requesting substantial height variances as part of its proposed 390,000-square-foot redevelopment at the site of the former Thunderhead Lodge.

The Atira Group is proposing two buildings more than 100 feet tall. The Community Development Code’s maximum height for buildings in the gondola two zone district is 73 feet.

Atira’s proposed community housing plan for the project also is on the agenda. Atira proposes to pay $2.6 million in affordable housing fees in lieu of actually building affordable units, which is a right for all projects near the immediate base of the Steamboat Ski Area.

Also tonight, commissioners will review a request from Trappeur’s Crossing to allow payment in lieu for six deed-restricted affordable housing units the development is finding difficult to sell.


END OF STEAMBOAT PILOT & TODAY ARTICLE...............

If you are looking for a homesite, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I am happy to help...

web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434

Tuesday, January 13, 2009

Downtown Steamboat Properties for Sale - January 13, 2009

As of January 13th, 2008 there are 108 condos, townhomes, and single family homes for sale in the Downtown Steamboat Springs area. The lowest price is a 2 bed / 2 bath condo for $425,000.00. The most expensive (I might add well worth a look -its gorgeous!) is a 6 plus bedroom home for $1,985,000. The average price of the 108 listings is $1,056.000.00 and the median price (half the homes are selling for more and half the homes are selling for less) is $982,250.00. The price per square (PPSF) ranges from $216,000 - $1,358. 84. The average days on market (DOM) is 206.

The largest market share per brokerage firm is held by Prudential Steamboat Realty at 35%; then Ski Town Lifestyles, LLC is second with 27%; while Colorado Group Downtown has 8% of the market share.

There are 10 commercial listings ranging in price from $439,900.00 - $2,999,999.00. The PPSF ranges from $216.29 (asking price of $895,000) - $1,165,25 with an asking price of $1,650,000.00

If you are looking for a homesite, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I am happy to help...

web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434

Tuesday, January 6, 2009

Steamboat Springs Ski in/ Ski Out Social Clubs

A growing trend is Steamboat Springs is the ability to join a ski in - ski out social club. The advantages are apparent. You drive close to the base with out a need to jump on a shuttle and you have mountain storage for skis, boots, ans all your accessories plus a warm place to put those boots on not the Meadows parking lot. A few options are St. Cloud Social Club with member programs beginning at $40,000 with three years of valet parking available to you or the Cloud Nine membership which double in price, but has a life time of valet parking. After 25 years you receive your initial fee back - equity membership. The cost to be a member is about $3,000 per year. The owners club is located near teh very popular Slopeside Grill. There is a complimentary breakfast, kid's area with all the videos they would want and of course an ambiance that tired skiers gathering for lunch and cocktails crave after a great powder day. There are 230 memberships available and each member has their own locker. Prices subject to change after the 25 founder memberships are sold - currently 15 have sold.

The not yet opened ski in ski out club at One Steamboat Place has the promise of grandiose for all who want the pampered lifestyle of - "everything you can imagine", including washing your car while you are swishing your care free day away. They plan to be open by 2009 - 2010 ski seasons.

Another idea for ski in ski out is ownership at the Steamboat Grand or Christie Club.

The Steamboat Grand has 1/8 and 1/4 ownership opportunities that would give you year round privileges there. They start at $47,500.00. to own a condo there. They have an owner’s club right at the base area next to the Sheraton pool with a fireplace and lockers, plus ski storage. You also get to use the pool, workout facilities, underground parking, and members lounge at the Grand Hotel - great for birthday parties! You may never need your weeks as a place to stay, so you could put them in the rental pool for income. We have seen that placing units in the rental pool usually pays the amount for the yearly HOA dues. This also gives you the ability to sell the unit in time.

The Christie Club has a social club however it is full, but there is the ability to buy a fractional condo there beginning at $109,000.00 and have it work like the Grand.

Social Clubs and ski in ski out amenities are a warm welcome to the cold slopes. Call me, if you would like additional information or idea for membership/ownership in beautiful Steamboat Springs. It’s snowing like crazy today - wish you were here....
Michelle


I am happy to help...

web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434

City Acquires Biedenharn Parcel

City Acquires Biedenharn Parcel
The City of Steamboat Springs recently completed acquisition and preservation of the 35-acre Biedenhard property, which is located on Emerald Mountain and the Yampa River.

The acquisition will provide protection of a highly visible urban open space area which includes both sides of the Yampa River. This parcel will link thousands of acres of conserved lands and public land on Emerald Mountain and expand the city-owned Howelsen Park Open Space Area. It will also protect critical wildlife habitat in an urban area, provide a scenic vista for the community, connect city parks, and provide public access for trails, fishing, wildlife watching, and environmental education.

The Project was made possible with a $400,000 Open Space grant from Great Outdoors Colorado, $275,000 funding from the Routt County Purchase of Development Rights program, and $625,000 funding from the City of Steamboat Springs. The Yampa Valley Land Trust will hold the conservation easement.



END of City of Steamboat Springs Web Site Article...............

If you are looking for a homesite, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact me: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I am happy to help...

web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434

Monday, January 5, 2009

Forbes Magazine Article - Steamboat Springs, Colorado

Well Traveled: Under the Radar
Steamboat Springs, Colorado
Everett Potter, 11.20.08, 06:00 PM EST
Forbes Magazine dated December 08, 2008


Steamboat Springs, Colorado has reached an all-time high of global media attention this year with the renaissance of our authentic Western resort town. With new real estate developments popping up all over the Yampa Valley and a big face-lift to average sales prices, visitors and locals alike are holding on to the reins as we head into a new frontier!

Most recent buzz about Steamboat Springs came from the acclaimed Forbes Magazine. "For a long time, Steamboat Springs was held together with duct tape and paint," confesses Mike Lane, who has worked in public relations at the resort for more than a decade.

But change is afoot. In March 2007, Intrawest, the behemoth that made Whistler a ski-mountain star and transformed Mont Tremblant, acquired the Steamboat Ski & Resort Corporation for $265 million. You could almost hear the developers stampeding like the cattle that used to be driven through Steamboat's downtown. Next, Intrawest wooed away Vail's COO, Bill Jensen, to run things. As much as $1 billion may be invested here in the next five years. Perhaps they'll change the name to Showboat?

What they got is a place with great bones. Steamboat Springs isn't Aspen--if you see animal skins on Lincoln Avenue, they most likely belong to the horses wearing them. This is a classic Western main street, with low-rise buildings and still enough mom-and-pop places to balance out the galleries, sushi bars, and boutiques now setting up camp. It's a town where they dump extra snow on the main street during February's Winter Carnival and hold "skijoring" races, with cowboys on skis pulled by galloping horses.

They call this place Ski Town, U.S.A. for a reason. Steamboat, the mountain, is a great, if vastly under-appreciated, delight, with some of the best tree skiing in the West. The phrase "Champagne powder snow" was coined here, and this past winter was a "four-wire" one, referring to the height of snow on the barbed-wire fences surrounding local ranch land. And you can't throw a snowball without hitting an Olympian. The town has produced 69 winter Olympians, more than anywhere else in the U.S.

But until recently, visitors in search of the luxe life à la Beaver Creek found it simply wasn't available. Now it's on the way. There are presently cranes looming over the base of the ski mountain, and developments near the slopes like Edgemont (124 homes, from the $800,000s to more than $2.5 million) and One Steamboat Place (residences up to $4.75 million). Right now, Marabou Ranch, a posh real estate development five minutes outside town, is setting the tone.

Situated on 1,700 acres near the mountain known as Sleeping Giant, which seems too apt for words, Marabou offers 62 homesites, starting at $2.75 million for five acres. Marabou already has a members' lodge and an elegant club 15 minutes away on the slopes. It also has deep Steamboat roots thanks to managing partner Jeff Temple. Temple's dad, James, founded Steamboat ski mountain, while Jeff created Spyder Skiwear with his friend David Jacobs. As an owner at Marabou, you can ride with cowboys, brand cattle, fix fences, and then retire to your home (10,000 square feet max) to spruce up in your marble bath.

This winter, expect to see foundation holes everywhere around the base of the mountain. While some locals are nervous that Steamboat will lose its considerable charm, its new owners are sanguine.

"This horse," says Andy Wirth, chief marketing officer of Intrawest, "has got a brand-new saddle."

END OF FORBES ARTICLE>>>>>>>>>>>>>>
If you are looking for a homesite, completed home, condo or townhome, in or near Steamboat Springs, Colorado... Contact: Michelle Diehl, GRI Broker Associate at Prudential Steamboat Realty.
I am happy to help...

web: SteamboatDream.com
e-mail: MichelleDiehl@comcast.net
cell: 970.846.1086
office: 970.879.8100 EXT 434