According to RE/MAX, “Defying the normal trend, home sales in December rose above the number of November sales by a significant 14.4%. Sales were also 3.9% above those of last December. Although home sales have generally been lower in 2014 than 2013, three of the last four months have experienced sales higher than the same month last year. Home prices in December were also higher than one year ago, rising 5.9%. Inventory continues to be constrained, with 10.7% fewer homes for sale than last December. As a result, the Months Supply of inventory rose to 5.7 on a scale where 6.0 indicates a market balanced equally between buyers and sellers.”
41ST ANNUAL BUD LIGHT COWBOY DOWNHILL
What tops watching cowboys riding an enraged bull? Cowboys on skis racing each other at top speeds in full attire! The rodeo professionals are gearing up for another exciting year in Steamboat Springs. Billy Kidd, Director of Skiing, and Larry Mahan, six-time All-Around World Champion cowboy, invited some of the ProRodeo cowboys to Steamboat for the first time forty years ago. Monday, January 19th at 1:00 pm will unite over 100 professional thrill seeking cowboys to compete in this thrilling event…not to be missed! Also, we highly recommend attending the hot air balloon glow at the Steamboat ski area base Sunday, January 18th from 5:00 pm to 6:00 pm. Hot air balloons light up our winter skies leaving you with warm magical memories.
Click here for more information: Steamboat Cowboy Downhill
Melissa Gibson from Land Title provided us with October Sales Statistics and it is looking good!
“October was another excellent month, as we anticipated, with $75.1M in Gross Sales and 131 transactions. This was due in part to a high number of upper end sales. There were 11 transactions over $1M including the $11M Round Mountain Ranch sale. This was the best gross volume October we have seen since 2007 (even without the $11M sale)!
Compared to last October, Gross Volume was up by +36.937% (with the YTD. comparison at +14.32%). Transactions were also up slightly by +1.55% compared to last October, with the YTD. comparison at +7.79%”
Full Report – October Sales Statistics
So…..if your remotely pondering a purchase in Steamboat, now is the time to get serious. We are seeing activity all across the board and inventories are a bit tight in some properties. Get in while the rates are good and before the prices start climbing!
Well, if you’ve been waiting for that epic opening day in Steamboat you better get your equipment tuned and get your body to the ‘boat! We have 66″ thus far and it doesn’t appear that it is going to stop for a while. Tune into the Steamboat website for the latest in snowfall and trail reports.
Tomorrow is Scholarship Day and marks the first day of the season with revenues from the day’s specially priced $30 ticket benefiting the Steamboat Springs Winter Sports Club Scholarship Fund. Passes Not Valid but specially priced tickets are available for purchase from the ticket office.
Also, read up about the latest in the mountain improvements in a recent article in the Steamboat Pilot & Today.
“Steamboat is looking forward to a historic start and fantastic early snow conditions will greet skiers and riders this Thanksgiving holiday weekend,” Steamboat Ski and Resort Corp. President and CEO Chris Diamond said in a news release. “Mountain crews have done a tremendous job taking advantage of the weather pattern, abundant snow and cold temperatures and guests won’t go hungry for terrain this holiday weekend.”
The ski area plans to open 655 acres, which encompasses 22 percent of the ski area’s terrain.
Lifts operating on Scholarship Day will include Christie Peak Express, the gondola, Storm Peak Express, Burgess Creek and Four Points. A significant portion of the upper mountain will be open from Buddy’s Run to High Noon.
Ski ya on the mountain and Happy Thanksgiving!
The demand for rentals in Steamboat is vibrant and supply is extremely tight. Investors are paying attention to this and are scouring the opportunities to purchase condos and townhomes that are priced under $250,000. Currently, there are only 19 condos/townhomes listed in the mountain area with at least 2 bedrooms. These vary greatly with regards to amenities, year built and condition. Not only is this a great opportunity for investors, but is optimal for first time homebuyers. Interest rates are still quite low and our market hasn’t appreciated like some others. Now is the time!!!
There was a Great article in the Steamboat Pilot & Today that speaks to the housing trends over the last few years.
This might be old news to some, but always cool to see us pop up in the rankings. A recent study on Colorado towns to retire, put Steamboat Springs in the top ten cities to retire!
This link will take you to the entire article, but here is the methodology that was used as well as the details on Steamboat.
There are lots of great places to live in Colorado and choosing the best spots for retirees was no easy task. Our first step involved gathering U.S. Census data for those locations with a population of 10,000 people or more. From there, we assigned each city a ranking in five specific categories, explained in more detail below. The cities we selected for our top 10 spots are the ones that earned the best overall ranking across all five categories combined:
- Senior Population
- Healthcare/social assistance
4. STEAMBOAT SPRINGS
- Population Over 65: 8.8%
- Multi-unit Housing Structures: 47.8%
- Median Household Income 65 and Over: $57,439
- People per Art, Entertainment and Recreation Establishment: 401
- People per Healthcare and Social Assistance Establishment: 130.8
Steamboat Springs, one of Colorado’s premier resort destinations for skiers, is a good fit for retirees in any season. About 12,000 people live here and close to 9% are 65 and up. It earned the best individual ranking in the housing and entertainment categories, but it also scored well for healthcare. Aside from skiing, Steamboat Springs residents enjoy mountain biking, kayaking along the Yampa River and taking a soak at the Old Town Hot Springs.
Did You Know: The annual Steamboat Springs Winter Carnival is the oldest continuous running event of its kind west of the Mississippi.”
If you are on the fence about considering Steamboat as a place to hang your hat and kick up your heels…consider this…
- 300+ days of sunshine
- world class skiing and biking
- incredible hiking, golfing, fishing, hunting
- abundant water
- national forest everywhere
- western friendly town
The Intrawest Passport:
6 mountains. 6 days each. 36 days total. Kids Ski Free.
For you serious skiers and riders, this is the pass for you! Intrawest is offering their Passport. Early season pricing ends October 20th, so time’s a ticking…
Here’s the link for more info!
|Buy yours today and enjoy all the benefits of being part of the Passport Family. 6 days at each, for a grand total of 36 days: Steamboat and Winter Park in Colorado; Blue Mountain in Ontario; Mont Tremblant in Quebec; Stratton Mountain in Vermont; and Snowshoe Mountain in West Virginia. And, best of all, Kids 12-and-under ski free!
August was a great month in real estate sales. We all felt it with increased showings and pending sales, but the numbers prove it!
Melissa Gibson with Land Title reports: “August was a great month and that momentum appears to be continuing into the Fall. We had $50,369,100 in gross volume this August – up 29.74% over last year. Total number of transactions were also up – 133 compared to 109 last August – a 22% increase. Year to date, we are +6.79% in number of transactions and +2.64% in gross volume compared to 2013. ”
For August 2014 – Routt County Sales Full Report.
Happy Fall Everyone!
For a limited time only, you can purchase a 3-day pass for $139. Dealio ends Sept 2nd so get on it! Front rangers, you can purchase at Christy Sports for $129 as well so don’t miss out. Only one pass per person, but this is a smokin’ deal.
Click to purchase
From the public relations department at Steamboat Ski & Resort Corp, there are some exciting new additions to the flight program this year. There are new San Francisco and Washington-Dulles nonstops and expanded Los Angeles and Seattle Flights.
Read more about the 2014/15 Flight Schedules to Steamboat!