Welcome to The Paoli Group Market Update

Our examination of the Steamboat Springs real estate market.


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    The much anticipated 97th Winter Carnival is Wednesday, February 3rd through Sunday, February 7th. Steamboat Springs Winter Sports Club (SSWSC) has maintained the Winter Carnival as a service to the community since 1914. This annual celebration includes a variety of events that embrace our western heritage and highlight Steamboat's tradition of winter sports. The festivities include such events as: Ski Jumping competitions, a Snowboarding Jam Session, the Soda Pop Slalom, a Tubing Party, the Diamond Hitch Parade which includes the High School band on skis, the Street Events on Lincoln Avenue, and the Night Extravaganza at Howelsen Hill with a fantastic fireworks display and the famous Lighted Man.

    The Lighted Man is not to be missed! The suit is powered by a 12-volt D.C. gas recombination battery consisting of 32 Roman candles, 12 sky rockets and a metal cylinder mounted on a football helmet studded with flashing lights. The costume weighs 70 pounds. It takes about five people to put the entire outfit on local resident, Jon Banks, The Lighted Man. Winter Carnival buttons can be purchased for $7 at the Steamboat Visitor Center, the Winter Sports Club office at Howelsen Hill, other downtown businesses and at most events. All proceeds from button sales support the Steamboat Springs Winter Sports Club and its athletes.

    Another exciting event is the Olympian Send Off and Community Celebration on Friday, February 5th at 6:30pm, downtown at 6th and Lincoln. Steamboat is sending more Olympians to the Winter Olympics than any other town in North America. If you have any questions or need more information about these upcoming events please give us a call or send us an email.

If you have any questions or wish to discuss any of the items mentioned above, email or call 970.819.1432

Summary for the month for December:

• The Sales Volume of $83,194,900 was 207% of the December 2008 amount of $40,144,500!

• The total units sold for this month was 229% of the previous December 2008.

• 156 units sold for the month surpassed the 131 units sold last month.

• 80 of the units sold were from Fractional/Timeshares.

• 250 loans were reported closed for the month of December. This includes refinances, seconds and any loan associated with a sales transaction.


Notable sales for the month of December 2009:

   New projects this month include: Edgemont Luxury Ski In/Ski out Condominiums in the Steamboat Mountain Area. Totals for December in Edgemont = $12,973,000 for 6 Sales with an average of $2,162,167 per Unit Sold. www.edgemontliving.com

Notables over 2.5 Million

• 12/14/2009 $4,100,000 Rendezvous Trails TH Unit A - 6,714 SF with 5 Brm 6 Bath, YOC 2009, PPSF $610.66 in the Steamboat Mountain Area.

• 12/24/2009 $3,793,000 Edgemont Condo Unit 2301 - in the Steamboat Mountain Area.

• 12/17/2009 $3,250,000 OSP Condo @ Apres Ski Way Unit R-616 - in the Steamboat Mountain Area.

• 12/15/2009 $3,200,000 Steamboat Village Commercial Center Replat Lot E, Lot 1 - 5,820 SF YOC 1995 on 1.47 AC - this is the Sinclair Station & Convenience Store, PPSF $549.83. This is shown as Commercial in the Steamboat Mountain Area.

• 12/17/2009 $3,150,000 OSP Condo @ Apres Ski Way Unit R-708 - in the Steamboat Mountain Area.

• 12/2/2009 $2,900,000 Sanctuary Subd Replat #1 Lot 21 - 6,606 SF with 5 Brm 5.5 Bath, YOC 2000 on .70 AC, PPSF 438.99 in the Steamboat Mountain Area.

• 12/17/2009 $2,700,000 OSP Condo @ Apres Ski Way Unit R-411 - in the Steamboat Mountain Area.

• 12/30/2009 $2,566,600 M&B: Sec 14,15,22 & 23-12-88 aka 74694 CR #120 - 2,290 SF with 4 Brm 1.75 Bath, YOC 1904 on 1,176.09 AC, PPSF $1,120.79 in the North Routt County Area. This sale has several parcels all of which are totaled to the description shown.

• 12/10/2009 $2,500,000 M&B: Sec 32-6-84 - Vacant Land Sale with a total acreage of 83.40AC located in the Steamboat Town Area. PPAC $29,976.02 (the Assessor shows a 59.4 Parcel on the summary page, but in the Land Detail there is both a 59.4 AC parcel and another 24 AC parcel on this site, thus the total of 83.4 AC)


November 2009 Market Analysis for Routt County

1.  Routt Market = Volume versus Units sold (included numbers back to 2004).

2.  Routt Chart = Market Comparison Chart.

3.  Routt Area = Sales by Area (including a running tally from the beginning of 2009).

4.  Routt Interval = Interval Breakdown (including a running tally from the beginning of 2009).

5.  Routt Price = Price Points (including a running tally from the beginning of 2009).

6.  Routt Lender = Top Lenders for the Month (when a Deed of Trust is recorded, we take the actual name of the financial institution that was on that Deed and come up with those numbers).


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


www.steamboat-springs-developments.com


The Paoli Group Blog: www.steamboatcoloradorealestate.blogspot.com


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