Steamboat Real Estate Blog

Published by The Steamboat Pilot & Today on Friday, April 11, 2014

By Michael Schrantz

Steamboat Springs — The numbers are in for the Steamboat real estate market’s first quarter of 2014, and while there were the same number of transactions as in 2013, the composition is markedly different a year later.

 “We kind of made up ground in March to where the numbers are actually similar to last year,” said Doug Labor, of Buyer’s Resource, referring to the slow start to 2014.

There were 173 transactions through the first three months of the year, according to Multiple Listing Service data from Labor.

 “Where the difference was we had a lot of forecloses last year still on the market,” he said.

In the first quarter of 2013, 36 of 173

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Published in Steamboat Pilot & Today on Friday, March 21, 2014
By Michael Schrantz

Steamboat Springs — In one of the largest real estate transactions in the past couple of years, Red Bell Ranch in Strawberry Park recently sold for $5.7 million.

Red Bell Ranch looks out on the Continental Divide, Buffalo Pass and Steamboat Ski Area. The 119-acre property recently sold for $5.7 million.

The 119-acre property boasts expansive views and a luxurious home completed in 2007 that blends reclaimed barn timbers that are more than a century old with new, sustainable touches such as recycled denim insulation.

Listing agent Penny Fletcher, of Colorado Group Realty, said the home has been on the market since 2011 but that the marketing for the property

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Published on at March 21, 2013

By Harriet Baskas

"When it comes to art, culture, eating and educational endeavors, some small towns in the U.S. have the big cities beat.

For the third year, Smithsonian magazine studied the charms and offerings of towns with populations of less than 15,000 and, with some data crunching from geographical informational systems company Esri, came up with a list of the 20 Best Small Towns to Visit.

Topping the 2014 list is Chautauqua, N.Y., home to the Chautauqua Institution, which has been presenting summertime lectures, art exhibitions and music and dance performances on a 750-acre lakeside campus since 1874.

“We've been working on this a while,” said George Murphy, spokesman for the Chautauqua

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Published in The Steamboat Piot & Today on Monday, March 17, 2014
By Michael Schrantz

Steamboat Springs — Intrawest, which owns Steamboat Ski and Resort Corp., released its earnings report Monday for the second quarter of fiscal year 2014.

The first report for Intrawest since its initial public offering earlier in 2014, which netted $29 million for company, showed an improvement in adjusted earnings of $1.7 million compared to break even in the same quarter of 2013.

The IPO and the company’s earlier restructuring have placed it in a better position for acquisitions, Intrawest CEO Bill Jensen said during an earnings call Monday. No resort-specific information was provided during the call.

Gary Ferrera, Intrawest’s chief financial officer, said

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By Ken Horst, The Motley Fool Mar 9th 2014 9:00AM

If you're just starting out with real estate investing, there's a lot to know.

You could feel overwhelmed with all the different articles out there trying to tell you what is most important, what you should learn first and a half-dozen other assertions.

But when you distill it down to the most basic components, there is a list of about five things you should know or consider before you invest in real estate.

Because they all ultimately impact your bottom line, knowing these five elements can be crucial to determining your success as a real estate investor and how well you accomplish your goals.

Without further ado, let's explore these tips:

 1. Be Aware of Tax Laws

This is one of the

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Published in The Steamboat Pilot & Today on Friday, February 28, 2014

By Michael Schrantz

"Steamboat Springs — The city of Steamboat Springs has claimed a lot in Barn Village at Steamboat that the original developer of the subdivision put up as collateral for its community housing requirement.

As part of the city’s search for a suitable site for a new police station, the lot is being considered in a swap with Yampa Valley Medical Center that would allow the city to build at the corner of Pine Grove Road and Central Park Drive.

The city has a list of about 20 potential sites for a new police station.

Barn Village at Steamboat went through the city’s planning process at a time when inclusionary zoning still was part of the community housing

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(Source: NAR) Market fundamentals in commercial real estate continue to improve but at a slower pace, according to the National Association of Realtors® quarterly commercial real estate forecast.Lawrence Yun, NAR chief economist, said fundamentals are still on an uptrend. “Growth in commercial real estate sectors continues at a moderate pace from a very slow pace of absorption, despite job additions to the economy. Companies appear hesitant to add new space,” he said.

“Office demand is expected to see only slow and gradual improvement. Demand for retail space is benefiting from improved household wealth, while industrial real estate is stable with increasing international trade, which requires warehouse space. Of course, the apartment market

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Published in The Steamboat Pilot & Today on Friday, February 14, 2014

By Michael Schrantz

"Steamboat Springs — The next phase of Wildhorse Marketplace could be in place by late 2015 or early 2016.

The mixed-use commercial development along Mount Werner Road has filled up in recent months, and the project’s developer is looking to build on the remaining vacant area just east of the existing buildings.

When the original developer, Whitney Ward, withdrew from the adjacent residential project, Wildhorse Meadows, he obtained full ownership of the Wildhorse Marketplace.

Jon Sanders, of Ski Town Commercial, was hired by Ward to handle the leasing of the space and any potential sales to tenant businesses.

Sanders said that a few tenants already

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Published in The Steamboat Pilot & Today on Saturday, February 8, 2014

By Michael Schrantz

"Steamboat Springs — The condo market in Steamboat Springs has undergone several shifts since the boom times of 2007.

In 2007, condo sales outpaced single-family home sales in Steamboat Springs, but since then, more single-family homes have sold each year through 2013.

In 2013, according to Steamboat Springs Multiple Listing Service data compiled by Realtor Doug Labor, single-family homes sales made up more than 30 percent of the market while condo sales accounted for less than 25 percent.

Labor said that the lag in condo sales following the real estate crash could be attributed to depressed prices attracting new buyers and condo owners looking to

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Published by on February 4, 2014

Posted By: Kristy DeSmit

"Let’s be realistic as real estate investors: we’re in it for the money. While all those greenbacks may give us incentive to invest, we tend to forget about the risks we can encounter, including bad tenants, loss of value and regional market instability.

Here is a list of the five most important actions every real estate investor should do to protect themselves:

1. Insurance

Insurance should be your largest priority after you have completed the purchase agreement for your property. Those who don’t believe their property can be damaged in a fire need to change their attitudes. Fires, floods and other damages can occur without notice, especially in condos, apartments

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