Wednesday, October 24, 2007

First tracks in the Alpenglow

It looks like our snowstorm Saturday night was enough to draw hikers to the top for the first time this year. 18 inches of fresh powder is a pretty good incentive and I commend those that made the pilgrimage for the rest of us to look up at. It isn't clear on the small version of the picture but the tracks just to the right of the middle on Storm Peak South were clearly visible in the evening alpenglow after the clouds broke on Monday.

This is a little over a month later than last year, which was early, but this year has been much snowier overall all with something like 9 storms in the past 2 1/2 weeks. Back to the Steamboat Springs blog main page for more.

Thursday, October 11, 2007

Steamboat Springs Real Estate Roundup

Four of us within our firm have been spending a lot of time recently putting together a first class event with Doug Beall - Director of Development for Steamboat, Gerry Engle - Atira group, Jeff Temple, Marabou & Due West Land, David Burden - One Steamboat Place, Jim Cook - Colorado Group Realty and Brent Pearson - Wild Horse Meadows and Resort Ventures West.

Colorado Group Realty is proud to present the inaugural Steamboat Springs Real Estate Roundup and Expo. This event is designed to bring together seasoned experts and provide the public with current knowledge and information regarding the Yampa Valley's dynamic real estate market.


This year's event will feature a panel discussion with a number of leading real estate developers moderated by Kathi Meyer, Steamboat Springs Planning Commissioner. The panel will answer key questions on the minds of local residents and discuss how development projects have been impacted by the recent sales of the Steamboat Ski Area, local legislation and other community objectives

November 08, 2007 · 6:00pm

Location: Steamboat Grand Resort Ballroom

Please contact Laurie Peter, Event Coordinator for more information at 970.875.2917 or laurie@mybrokers.com

Back to the Steamboat Springs blog main page for more.

Monday, October 08, 2007

Video of progress at the Steamboat base area

This article and video is over a week old now but I think you will like it if you are curious how things are progressing at the base. They cover the headwall regrade project and the installation of the Christie Peak Express lift towers. It has snowed 4 times now since this was taken so we seem to be settling in to a good weather pattern for winter. We sure hope that is true. Back to the Steamboat Springs blog main page for more.

Tuesday, October 02, 2007

"Dig This" in Steamboat Springs

Luckily my 4 year old son Alden doesn’t know about this YET. He is an absolute nut for heavy equipment to the point that the other boys call him Mr. Dump Truck. I think that is cheaper for me to just rent the equipment and use it on one of my projects but this is a cool concept and a great thing to do on a vacation if price is not an issue. I will be curious to see how well it does so drop me a line if you get the chance to go out and dig with them.

STEAMBOAT SPRINGS, Co. – Dig This™ will offer 20 tons of year-round fun in an authentic construction setting with structured full and half-day courses including corporate and custom programming for adults in a safe, fun, supervised environment. Participants will operate brand new full-size Caterpillar hydraulic excavators, track-type bulldozers and skid loaders at individual work sites to construct roads, build dams, design bridge abutments, and dig trenches or wherever their minds take them. Dig This is scheduled to begin operations during the fall 2007.

Dig This’ inspiration came to New Zealand native and Dig This owner and founder Ed Mumm, while he was operating heavy equipment to construct his home in Steamboat Springs, CO. After clearing trees and scrub oak, constructing a road, building a pond, and digging foundations he realized how much fun he was having. He imagined those who don’t have the opportunity to operate excavators and bull dozers may want to relive their childhood sandbox days, this time with life-size equipment.

“Now operating heavy machinery can be about fun. I’m excited to be the first to offer this truly unique alternative recreation activity to the general public”, said Ed Mumm, Owner and Founder of Dig This. “Throttling up a powerful engine and sculpting mounds of earth is very empowering. We’re proud to provide this experience as you test your skills behind the controls of some of the world’s largest earth moving machines at Dig This”.

After an operational and safety orientation, participants will get behind the controls in climate controlled, radio monitored cabs and operate equipment in their individual work area. Half-day sessions are $400.00 and include two to three hours of total operating time on one piece of equipment. Full-day sessions are $750.00; include lunch, and four to six hours of total operating time on two pieces of equipment. All dig sessions conclude with worksite reclamation. Operator certificates will be presented to each participant certifying that they dug it at Dig This.

Dig This also provides an exciting alternative to the corporate training model. “Working with teams of corporate employees, our training staff provides a new and typically unfamiliar venue to bring the challenges of planning, and cooperation to peak performance”, said Chad James, Dig This corporate program director. “From project planning through execution and evaluation, trainees work together to coordinate activities and support each other through successful completion of their project.”

Dig This is located two miles west of downtown Steamboat Springs, CO on 20 acres of leased property on a plateau with 360 degree views of the Continental Divide and Yampa Valley. Shuttle service to the Dig This worksite will run from the mountain ski village and downtown Steamboat Springs. Back to the Steamboat Springs blog main page for more.

Monday, October 01, 2007

For most buyers the Mortgage market is healthy

The widespread notion that the entire mortgage market is in crisis is just plain wrong, say lenders in various parts of the country.
The following is an article from the Washington Post that talks about the overall impact of the mortgage market. It's conclusion is that high quality buyers are unaffected. In Steamboat we are fortunate to have both high quality buyers from a cash and credit standpoint along with limited supply. This along with how many things are working together to improve the experience in Steamboat over the next few years has kept the market here in Steamboat strong. When I talk to the local lenders I know I have found that they are still getting the approvals they need. Most have had 0 to 1 loans fall out since the national issues cropped up.

Give me a call if you you would more insights into this or the current market in Steamboat and the improving fundamentals and demographics that are driving our market. My number is 970-819-6930.

"The majority of mortgage products have been unaffected by troubles in the sub-prime segment. Interest rates for 30-year, fixed-rated loans remain in the low 6 percent range for people with reasonably good, though not necessarily perfect, credit records, according Kenneth R. Harney, managing director of the National Real Estate Development Center and syndicated columnist.

While there is plenty of money to lend, Harney says underwriting standards are more strict than they were a year ago. Jumbo loans, for example, often require two appraisals – one by an appraiser selected by the lender and the other by one working for the investor.

Similarly, FICO credit-score standards generally are higher than a year ago, stated-income mortgages with no verifications are hard to find and lenders are especially wary of excessive "layering of risk" – combining low down payments with marginal credit scores and high debt-to-income ratios – in markets where prices are trending lower.

Source: The Washington Post Writers Group, Kenneth R. Harney (09/29/07)
Back to the Steamboat Springs blog main page for more.