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Welcome to The Paoli Group Market Update
Our examination of the Steamboat Springs real estate market.
www.thepaoligroup.com | The Paoli Group Blog
Last month we were able to collect and analyze all the data from the year 2008. As you see, we have provided a lot of statistics for you to review in this newsletter if you are interested.
2009 could be a historical buying opportunity in Steamboat Springs. Sellers are willing to negotiate if they sense they are dealing with a qualified buyer.
Savvy buyers know that the best way to make a purchase happen is to educate themselves on the market, focus on the type of property that they would like to own and start making offers. The Paoli Group is excited to announce we have launched a new, private section to our website. This section identifies properties where the sellers appear motivated. If you do not have a password yet please send us an email for your login information.
Recent interesting news for Steamboat Springs was a letter of intent signed by the Ritz Carlton, a five star hotel operator. This luxurious property will be located at the base of the Steamboat Ski Area.
We hope you have a great February and enjoy Valentines Day with all your loved ones.
First Time Home Buyer Credit:
For our readers who will be a first time home buyer please click here for some information on the $7,500 first time home buyer credit.
2008 Year End Stats:
For those of you who like statistics please click here to view the 2008 year end stats.
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.
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December 2008 Year End Market Analysis for Routt County.
This report includes the totals for all of 2008.
Notable sales for the month of December
Sale #1: 12/16/2008 $5,750,000 Strawberry Farms Subd #3 Lot B-2A - 31975 Ashland Path - 9,484 SF YOC 1997 with 5 Brm & 6.275 Baths, 15AC Land Area - This sale is in the Strawberry Park Area
Sale #2: 12/17/2008 $3,640,000 Wildhorse Meadows Subd #4 Lot 1 - No Address - Vacant Parcel of 2.995 AC - Commercial Zoning - This sale is in the Steamboat Mountain Area
Sale #3: The Olympian - located at 35 5th Street in Steamboat Springs (Steamboat Town Area)
The building has both Commercial and Residential Units.
There were a total of 6 Sales:
4 Commercial Unit Sales totaling: $2,319,000
2 Residential Unit Sales totaling: $858,500
Market Comparison Chart *Click Here To View Statistics
There are 9 separate worksheets within this spreadsheet. You must use the tabs located on the bottom of the spreadsheet to view each worksheet.
1. Volume versus Units sold (included numbers back to 2003).
2. Market Comparison Chart.
3. Sales by Area (including a running tally from the beginning of 2008).
4. Interval Breakdown (including a running tally from the beginning of 2008).
5. Price Points (including a running tally from the beginning of 2008).
6. 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).
7. The last 3 sheets are the data to see the breakdown of those Deed of Trust recordings.
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Featured Properties
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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.
#121990
Click here to view property
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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.
#122260
Click here to view property
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Windemere Ranch
1,100 acres, with views of the Steamboat Ski area, extensive water, aspen groves, abundant wildlife, hunting, hay production, outdoor riding arena, many improvement and a well appointed home. Located only 8 mile west of Downtown Steamboat Springs, this is a special property that needs to be seen.
#123254
Click here to view property
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Lot 52 Sanctuary Subdivision
Motivated Seller. Bring all offers for this great building lot on a cul-de-sac in the Sanctuary subdivision. Perfect for a family. Nice yard potential, with mature trees. Lot comes with plans for a 5,000+ sqft home.
#123067
Click here to view property
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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.
#124376
Click here to view property
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Development Parcel - Highway 40
Great development parcel with Highway 40 frontage. Excellent location and all usable land.
#122489
Click here to view property
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Sanctuary Subdivision Lot
Great single family lot in on very private Aspenwood Cir. located in the Sanctuary neighborhood. Flat lot with trees. Backs up to hiking/cross country ski trails and fish creek
#124446
Click here to view property
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Deer Clover - FISH CREEK AREA
Great 1 acre building lot with 180 degree views at the end of a very private cul-de-sac. Surrounded by aspens and backing up to open space, this lot is one of a kind being so close to downtown yet in the county! Lot comes with Engineered plans for a 7,000 sqft home designed to maximize views and the incredible aspen grove surrounding the property. This is one of the best lots near town!
#122625
Click here to view property
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Custom Fish Creek Home
185 Sleepy Hollow is a must see for value and quality. Custom upgrades include: Hickory hardwood floors throughout main level, entran heat, master bedroom fireplace, master bath steam shower, Thermador kitchen appliances, upgraded kitchen counter space and cabinets, central sound system, custom paint and more.
#124171
Click here to view property
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Nature Sanctuary Close To Town
Beautiful, secluded, heavily wooded 7.63 acre lot with pond. Build your dream home in this private, nature sanctuary close to town.
#124162
Click here to view property
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Fish Creek Land
Build your dream home (single family or duplex) in this fantastic family neighborhood. Stroll down Old Fish Creek Falls Trail to all the amenities of downtown. Enjoy amazing sunsets and beautiful views of Buffalo Pass, Strawberry Park and Sleeping Giant.
#124206
Click here to view property
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Grand Summit Resort Hotel
Larger Clydesdale, 1 bedroom, 2 bath. Enjoy all the amenities, parking, ski storage, fitness center, pool, owner's clubs
#124126
Click here to view property
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Check out our new blog: www.steamboatcoloradorealestate.blogspot.com
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
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