Wednesday, December 20, 2006

Steamboat Real Estate is Booming

That is the headline of a Rocky Mountain News article that runs today. Joanne Kelley from the Rocky Mountain News called me for some background info and was kind enough to quote me in her article about Steamboat Real Estate. I think that it would be closer to say that we have a strong market here with some significant potential for growth as the benefits of Steamboat's family environment, relative value, demographics over the 20 years, redevelopment and the ski area sale some into play. It's just that booming to me sounds more like speculation. What we have in Steamboat is a great value supported by an enhanced experience.

Quoted from the Rocky Mountain News:
Steamboat real estate booming: 2006 area sales a record; new ski resort owner may lift market even more. The Steamboat Ski Resort rises above the town of Steamboat Springs in northwestern Colorado. The possibility of a new owner for the ski area has been a boon for the Steamboat Springs-area real estate market in recent months.

By Joanne Kelley, Rocky Mountain News
December 20, 2006
Steamboat Springs and the surrounding area have posted a record $1 billion in real estate sales even before the year ends, with talk about a potential new ski resort owner helping buoy an already strong market. By the end of November, total sales in Routt County exceeded $1.023 billion, outstripping the roughly $886 million in sales for all of the previous year. A whirl of development projects - both downtown and at the base of Steamboat Ski Resort - helps account for some of the interest.

"The ski area sale is a big deal, but it's not the only show in town," said Jon Wade, a broker and owner of Colorado Group Realty in Steamboat.

You can find the full article here in the Rocky Mountain News Plus another great article by Joanne Kelley, Big Deal for Steamboat that gives more details including the expected closing in March 2007.

Back to the Steamboat Springs blog main page for more.

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