Real Estate Blog

Concrete trucks were busy Monday afternoon pouring the foundation for a new two-story, 15,000-square-foot mixed use commercial building on the north side of U.S. Highway 40 on the west side of Steamboat Springs.

West End Plaza was approved administratively by the city of Steamboat Springs early in the summer. It is expected to house Columbine Granite on its ground floor and will offer five more spaces averaging about 2,060 square feet on two levels, although those spaces may be configured differently to suit the needs of purchasers.

Developer Stacey Bumgarner said Monday the new building, which she hopes will be completed by March 31, 2016, could be the first of two or three more to be developed on nearby land, completing the West End Plaza office

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Relatively low inventory hasn't slowed a busy summer for real estate in Routt County, where July numbers for transactions and gross volume were among the highest in five years.

While official numbers from the Land Title Guarantee Company aren't yet out, both the number of transactions and volume appear to have remained high through August and early September.

For July, 168 transactions translated to $80.6 million in gross volume changing hands — more transactions than any individual month since September 2010 and among the two highest-grossing months since December 2009.

Anchoring the high numbers in July were roughly $29 million in volume representing 55 sales in the Steamboat mountain area, $10.3 million representing 12 sales downtown and $8.7

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Rocky Mountain Commercial Brokers announces the sale of all four units of the Hamilton Building Townhomes to Steamboat Springs' Greg Pappas of White Knuckle Holdings. Seller was James Hamilton of Hamilton Leasing, also of Steamboat Springs.

“From my experience, this is exactly the type of real estate many commercial investors are looking for as income property," said Ron Wendler of Colorado Group Realty. "It was a rare opportunity to purchase an entire building that has exceptional visibility on a corner lot. With easy access to Copper Drive, the four units are currently used as one space but can be easily divided as individual future rentals.”

Hamilton Townhomes, located at 2535 Copper Ridge Drive, Units A-D in Steamboat, was on the market for 79

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Rocky Mountain Commercial Brokers announces the sale of unit 2 at Copper Ridge for $225,000 -- in just 48 days from listing to closing.

Purchasers were Julie Anderson and Gregory Grasso. Sellers were Dan and Patti Retz. All parties are from the Steamboat area.

“This is an excellent warehouse, live/work space facing south with an abundance of light. The space consists of 1,451 square feet and was built in 2001," said Ron Wendler of Colorado Group Realty. "Large overhead door, kitchen and bath and two assigned parking spaces are also included. The new owners purchased the unit as an income investment."

Nancy Jarchow of Colorado Group Realty was co-op broker.

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With 8 Inches Overnight, Steamboat Hits 200 Inch Snowfall Milestone for the Season

More Than 16.5 Feet of Champagne Powder® Snow Has Fallen At Mid-Mtn Since October 1st

STEAMBOAT SPRINGS, CO-January 13, 2014-Powderhounds’ fresh snow resolutions have rung true during the first two weeks of the New Year as the Steamboat Ski Resort has seen Champagne Powder® snow 11 out of the past 13 days and hit the 200-inch snowfall mark for the season this morning after receiving 8 inches of new snow overnight.

“With more than 5 feet in the past two weeks at the summit, Steamboat is enjoying some of the best snow and mountain conditions in the Rocky Mountains,” said Chris Diamond, president and chief operating officer for Steamboat Ski & Resort Corporation. “January

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The good news for housing is that price gains next year are expected to be only about half as strong as in 2013, when sellers stayed on the sidelines. Yes, that's good news. "For a sustainable recovery you want to see more balance between buyers and sellers," says David Stiff, chief economist at CoreLogic Case-Shiller, which is forecasting a 6.8% rise in the median home value for 2014.

Inventory is already improving. Nationwide, the number of homes for sale in September rose 1.8% vs. a year earlier, according to the National Association of Realtors. That's the first increase since late 2011. In Los Angeles, Atlanta, and Orlando, inventory was 10% or higher than a year earlier.

"It will still be a sellers' market in 2014, given how far we have

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A new website, SteamboatBikeTown.com designed and funded by the Steamboat Springs Bike Town USA Initiative, is an online bike guide filled with interactive trail maps, event calendars and image galleries and is the most comprehensive website dedicated to cycling in Steamboat.

 

Built by riders and for the riders, the online bike guide is organized into geographic riding zones within Routt County and is further segmented by riding type. Whether you're a family looking for a leisurely cruise, a full-face helmet downhiller, or a roadie looking to tackle a century - the bike guide has it all. Click the image below to access the website. 

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According to Tom Ross, reporting for the Steamboat Pilot and Today on April 8, 2013,

The running snowfall total for the 2012-13 ski season already ranks it among the top eight winters of the past 15 years.  The all-time average season snowfall at mid-mountain of the Steamboat Ski Area is 308.23 inches.  The resort tallied 322 inches this past season, ranking it in the top 15 of the past 32 years in terms of snowfall, according to records kept by the ski area.  The winter of 2012-13 can be described as being generous in terms of the frequency of modest snowfalls that sweetened the slopes.

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What's a ski town to do in February when snowpack is at its height and everyone in town is dreaming of warm, sandy beaches?  Throw a carnival!  This weekend Steamboat will celebrate Winter Carnival's Centennial, offering street events including the high school's band parading down Lincoln Avenue on skis, youngsters being pulled along on their skis by local ranchers on their horses and toddlers being pulled on shovels by their dogs or their dads.  Last night we all enjoyed watching the lighted man ski down Howelsen Hill and Sunday night we'll wrap up the festivities with a Steamboat Celebration Concert performed by the Steamboat Symphony Orchestra, which by the way, is the only symphony orchestra in a Rocky Mountain ski town!  For the complete list of

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The banks are back and that's good news for the commercial real estate industry. 

Read the full article here.

Featuring: 

a bit uptick in bank loan activity;

great rates are available;

be prepared for full disclosure if you want some of that low cost money;

and the two most common loan terms for commercial bank loans.

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