Monday, April 30, 2012

Trailhead Lodge Auction In Steamboat Springs, CO - 6 Days to go...

I attended the pre-auction event yesterday at Trailhead Lodge along with about 20 other brokers and buyers. There were also numerous participants on-line. The brokerage community here in Steamboat is excited about the upcoming auction – savvy buyers are going to be purchasing at real savings in a high-end desirable development. I am hopeful that these condos will sell for less than $300.00 Price Per Square Foot (PPSF). If Silver Leaf paid .50 cents on the dollar, it makes sense that although the unpublished reserve price remains a mystery they do not want to hang on to these units. The starting bid prices are about $230.00 PPSF but it is doubtful to me that they will sell that low. There remains 55 unsold properties although only 39 will be available Sunday unless perhaps there is more demand then expected. It is the sellers right to add more if they are experiencing success. The rental numbers supplied by Steamboat Resorts yesterday indicates a $20,000 – $47,000 gross rental estimate based on the size of unit purchased (higher rental numbers for larger units). They charge about 45% for their management fee which is very typical of the larger management companies in Steamboat. You can also chose to self manage. No one can say for sure your final rental numbers but the Trailhead Lodge is a popular property here in Steamboat Springs, CO due to the gondola outside your front door, newer work-out facility, game room, and large year round pool & three grotto pools in a stunning setting. All units are sold furnished. The staff there is amazing and very accommodating. I personally love its proximity to our premiere indoor/outdoor tennis court facility, as well. Winning bidders are also going to be able to chose various Alpine Club memberships which is great for base area ski convenience. 

If anyone is considering participating in this auction you need to sign up by May 3rd no later than 6:00 pm and have a cahiers check for $2,500.00 made out to Heritage Title.  I can represent any buyers if they have not already signed up but it is important to sign up this week and include me as your preferred broker. Be sure to secure your financing early and know that there will be a 5% fee added to your final purchase price. Cash buyers just supply proof of funds. On auction day, if you meet the unpublished reserve the unit will be sold. If you’re the winning high bidder yet the reserve has not met or exceeded the seller’s minimum, we will be allowed up to 5 days of negotiation, which can take place to secure the unit. The last auction Kennedy Wilson conducted sold all the available units on the day of the auction. They are hopeful for a successful auction this Sunday as well. I (Michelle Diehl – Broker Associate GRI) can be reached at Prudential Steamboat Realty by calling 970.846.1086 if readers need anything concerning real property here in Steamboat Springs, CO and/or representation for the Trailhead Auction – I will be at the event Sunday, May 6th at the Denver Marriott City Center assisting my clients. Buyers can register and bid on-line as well and I can act as your ears and eyes. One last thing, go to the Kennedy Wilson site ( to download the CIC documents and purchase agreement prior to the Trailhead Lodge auction so you are informed. I’m happy to help…. Call me with any questions… Michelle Diehl  - – 970.846.1086. 

If you are buying or selling in the Steamboat Springs or surrounding areas, I can provide what you need. I am paid my success fee only after you experience success! Contact me today and let’s get started... web: e-mail: cell: 970.846.1086 office: 970.879.8100 EXT 434

Thursday, April 19, 2012

Steamboat Springs, Colorado - Real Estate

Steamboat Springs, Colorado - MLS Statistics – April 19, 2012

Active Properties:
·      1,920 Total Properties for sale
o   1,779 ACTIVE Residential/Commercial/Land – Active
o   141 PENDING (114 Residential/16 Land/11 Commercial)

Sold Properties:
·      180 Total Sales since 1/1/2012 (60 distressed – 33% of Market)– Same time last year: 186 Total Sales (63 distressed)

·      158 Residential Sales Since 1/1/2012:
o   73 - Mountain Solds
§  47% of market – 2 & 3 BR’s tied for 21 sales/10 - 1 BR sales
o   14 - Stagecoach Solds
o   10 – Fish Creek Falls Solds
o   7 – Elk River/North Routt Solds
o   9 – Hayden/SHayden Solds
o   8 – Oak Creek/Yampa/PBurg Solds
o   6 - Downtown Solds
o   6 – West Steamboat Solds
o   5 – South Valley/ SW Solds
o   2 – Strawberry Park
o   18 - various other search areas

·      138 Residential Sales, (excluding timeshares & mobiles) - $514,000 average sold price - $295,000 median price.

To learn more about Steamboat Springs Real Estate call Michelle Diehl at 970.846.1086 or email -

Tuesday, April 10, 2012

Trailhead Lodge Auction - Steamboat Springs, Colorado

Here is what I have learned so far about the upcoming Trailhead Lodge Auction:
1.     Sale is scheduled for May 6th at the Denver Marriot City Center at 1:00.
2.     You do not have to be present to bid, you can do it on-line. If you are in town, I should accompany you to the auction. We should arrive by noon. The auction will last approximately 2 hours then you go to the contracting room and not sure how long that will take.
3.     The website to register for the event is but I have had trouble logging on from my Mac. The auction company is Kennedy Wilson so if you have trouble look for the Trailhead Lodge Auction at their website.
4.     You can also register for an onsite/online practice auction which takes place April 29th at Trailhead Lodge at 1:00. To register go to
5.     You must preregister. I have attached a preregistration form you can fill out and send in. This must be received by Kennedy Wilson prior to May 3rd.
6.     You must send to Kennedy Wilson a $2,500.00 cashier’s check made out to: Heritage Title Company if you are not going to be present at the aucton.  Kennedy Wilson needs this along with your registration. You can send me your registration and cashier’s check and I can make sure they receive it if that is easier for you. Otherwise you can mail to them. If you are going to the auction event you can bring the cashier’s check – no need to send early. On the day of auction this will be used as partial payment for your 3% – 5% deposit (3% for one purchase – or 5% for more then one purchase of each unit). Also bring your personal checkbook to complete the deposit on any winning bids.
7.     If you cannot make the event on May 6th no worries! You can bid online. Just fill out your registration form and real time bidding can take place at – Kennedy Wilson will inform you more about the process of on-line bidding once your registration and $2,500.00 cashier’s check is received.
8.     This is not an Absolute Auction meaning there is a reserve amount that must be met prior to selling a unit. There are starting bid prices in the attached brochure but they are probably not the reserve amount the auction company (acting on the direction of Silver Leaf – Sellers) will take. We do not know what the undisclosed acceptance amount is and will not know until after you bid. Once you have become the highest bidder, if your price meets or exceeds the acceptable reserve amount you will be able to complete paperwork and know the unit will be yours. If you were the highest bidder, but did not meet the reserve amount, there will be more negotiations behind the scene. They will have up to five days to negotiate an acceptable price with you and the auction house (driven by the seller).
9.     Residence Inspection should take place prior to the auction.
10. Review of purchase documents should take place prior to the auction. We can get those from the sales office. I can get them for you, you can pick them up if in town, or go to the website to get them.
11. Homeowner fees are in the CIC documents – Let me know if I need to get you a packet  - I am happy to assist!
12. You will be given a Home Warranty Plan for 14 months
13. There is a 5% Buyer’s Premium that will be added to the final agreed upon price.
14. All sales have to be closed by June 21st unless you extend with approval by seller.
15. You can finance, but if you do you need a preapproval form from one of the preferred lenders by May 3rd The preferred lenders are: Millennium Bank (Mike Knezivech or Darrin Robinson) here in Steamboat Springs or Cherry Creek Mortgage (Tim Smith or Jan Parsons) in Denver. If you plan on financing, I can get contact information to you.
 16. If you decide to register, please place my contact information in the Realtor section of the registration. I have buyers  registered, so I will be there the day of the event to assist in every way…..

These are the key points but read your brochure carefully for more details. After reading my key points and going over the brochure and or website, please send me a list of questions I can answer for you…. If you want me to send a registration and brochure to your e-mail let me know. This is very exciting! Call me for more 970.846.1086


Michelle Diehl GRI CNE
Prudential Steamboat Realty
Broker Associate
Cell: 970.846.1086
Office: 970.879.8100
Fax: 970.879.5928

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