Welcome to the Paoli Group Newsletter

Our examination of the Steamboat Springs real estate market.

As we write, the government debates the issues of the economy and we are in the midst of a climactic presidential election. As we experience a period marked by adversities, we feel it can be easy to be pessimistic and negative. Concluding this is not the right attitude; here at the Paoli Group we have been discussing how to create opportunities in these challenging times.

The real estate market in Steamboat has changed significantly in 2008; we are now following the national market trend. While listings continue to come into the market, there appears to be a lack of urgency on the part of buyers to make offers on properties. It seems buyers are being cautious until the credit crunch is alleviated, and therefore are taking longer to make decisions. We can now clearly see there has been a dramatic shift from the 2006-2007 seller's market to the current strong buyer's market.

Sellers need to be realistic and strategic as the market shifts. Sellers who make the market instead of chasing it may find themselves rewarded. For the buyers who are serious, times like this can represent an incredible opportunity. Buyers may find themselves with greater negotiating leverage than they have had in years!

Check out the featured article in the November 2008 issue of SKI Magazine highlighting the revitalization and redevelopment of Steamboat Springs. The article is titled "Buy Now & Look Smarter Later".
Click here to view article

We hope you find this newsletter helpful and welcome any questions you may have regarding it.

Give us a call or send us an email.

scroll down for more details

September 2008 Market Analysis for Routt County

There are 9 separate worksheets within this spreadsheet. You must use the tabs located on the bottom of the spreadsheet to view each worksheet

Click Here To View Worksheet

Notable sales for the month of September
Compliments of Bruce Carta - Land Title Guarantee Company

Sale #1: 9/2/2008 Timbers Preserve Subd #1 Lot 10 sold for $4,150,000 - 35 AC with an Excellent Quality Log Home on it built in 1998. It is 5,768 SF of Living area with 4 Bedroom and 4.5 Baths.

Sale #2: The Highmark unit 6C sold for $2,977,400. This 4 bedroom 4 bath (den w/loft) of 2,386 sq ft comes out to $1,247 per sq ft.

Sale #3: Alpen Glow unit sold for $908,000. It was for one of the 2 bedroom/2 bath 'Loft' Condos of 1502 sq ft comes out to $604 per sq ft. There is mixed use in Alpen Glow; with Commercial, Condo and Townhome units as well.

Sale #4: Emerald Lodge at Trappuers Crossing Resort Condos unit 5304 sold for $1,175,000. This 4 bedroom / 4 bath of 1879 sq ft comes out to $625 per sq ft.

scroll down for more details

Featured Properties

Chateau Saisons
Steamboat Springs premier estate property is set on 53 acres behind private gates on a secluded mountaintop with views of the Steamboat Ski area. With seven bedrooms, five with en suite bath, as well as a detached guest house, you'll never run out of room for family or guests. The majestic master suite features a stone fireplace, an executive office, a fitness room and a balcony with views of the lake and surrounding mountains. Watch a movie floating in the indoor pool, or go to the amazing professional theater with a star ceiling and curved screen. Outside, enjoy 8000 sq ft of stone patios, including a covered stone deck with fireplace, an exotic water garden, fountains, 2 hot tubs and a sauna.
Click here to view property

Windemere Ranch
Windemere Ranch is truly a unique property, with 352 acres, Windemere Lake and a pond only 9 miles to downtown Steamboat. It has been master planned for the ultimate family retreat. Extensive fencing and a riding arena were added to create a horse enthusiasts dream. To preserve the natural perfection of Lake Windemere and the ranch, the property was placed in the Exclusive Nature Conservancy conservation easement.
Click here to view property

Lot 120 Sanctuary Subdivision
The best vacant lot in the Sanctuary subdivision. Located in an aspen grove with Incredible Views of Steamboat Ski area, Emerald Mountain and the Flattops. This lot is very private, with great sun exposure on Heavenly View Drive.
Click here to view property

www.thepaoligroup.com

Chris Paoli
Owner/Broker
Cell 970.819.1432
chris@mybrokers.com

Amy Brown
Broker Associate/Broker Assistant to Chris Paoli
Colorado Group Realty, LLC
Cell 970.846.2114
Fax 970.870.2803
amybrown@mybrokers.com

Check out our new blog: www.steamboatcoloradorealestate.blogspot.com

[UNSUBSCRIBE] if you do not want to receive any more newsletters

[FORWARD] to forward this message.