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June 2020 Steamboat Springs Market Report

Steamboat has begun to open up, not just restaurants, but also periwinkle, larkspur, and more.  Lincoln Avenue is lined with white crabapple in full bloom.  The smells and sights are excellent! The past few months have been quite exciting in terms of conversations of what…

Top Steamboat Activities in Spring Safer at Home

With the Colorado soft opening, it has been good to see the weather get warmer and we can move about more freely.  The Spring rains have been pretty common recently and that has guided much of what we do and when.  There has been much…

Market: Things are getting better

Coronavirus has been a challenge everywhere, including Steamboat Springs.  It seems only Montana and other rural states have been spared pain that many of us have been working with for over two months.  For real estate, now that some time has gone by, understanding trends is more discernible now.

In past blogs, I talked about a maximum of 10-14% drop in market value.  That looks like up to 5% today.  Except for the great recession, real estate values have dropped minimally during stressful times like now.  In fact, this week Zillow announced it thinks the bottom in real estate has occurred.

My biggest conundrum in considering where things are going is what is going to happen over the next year.  Are folks going back to work?  Will people travel?  Travel far?  From The Hustle, this is what they offer:

It’s a mixed bag.  Even with some people braving travel and restaurants, the number of people spending is going to be down.  This being said, one statistic that impressed some economists is that household savings rates increased 13%.  Impressed is the wrong word.  Surprise is the better term.  This to me indicates that families have again evaluated what is important to them and have made choices relating to this.

I don’t know what is going to happen and I expect many economists and brokers to change their minds consistently, at least through June.

Sales trends for Colorado Group Realty are better than most brokerages.  We have been executing contracts and working with the community to support local non-profits.  We are seeing those who have to move making the most transactions.  Otherwise, many people are waiting to see what happens over the next months.  New listings are being valued at February prices.  (This is curious to me.  It doesn’t make sense.  It seems the properties getting the most attention are not second homes.  And those properties priced at the top end of price per square foot value are slow to show.)

For this Summer, I have seen many owners lower their expectations with rental income.  Smart landlords are being aggressive to get tenants.  Some are holding and seeing if things change back to old normal, and if the resort will open this Winter.  Irrespective, if the resort does not open this Summer, there will be few travelers or employees who are looking for places to stay.

Early Morning Disc Golf

Colorado Mountain College in Steamboat Springs is a great place for students to continue their education.  It’s also one of the first disc golf courses nearby to open for the Summer season.   I had gotten out a couple times this week and found the…

A New Time for Steamboat Coronavirus

A couple of weeks ago I posted about how quiet things have been in Steamboat Springs because of changes due to the coronavirus.  Things are still quiet, and now that we are towards the end of quarantine, I’ve discovered a few things. First, active Steamboat…

Steamboat Springs Market Update April 2020

There isn’t a day that goes by that someone doesn’t start a conversation about markets.  Not just real estate, but money, gold, and more.  I know something about each, and real estate is what I know best.  

Our community has had a number of changes in real estate.  Most of them I consider temporary.  The infographic above gives a quick representation of the changes since Routt County began to stay at home. Once the nation has a vaccine and industry is back to work, things will be different, and I’m assuming for the better.

There is much uncertainty being driven by the virus pandemic.  Sellers are not in a hurry to sell because they don’t know what the value of their property will be in three months, let alone a year.  Second-home buyers have other things on their minds right now.  The dominant buyer in our market now is the local buyer.  

In a recent mailing I did, I said this:

“All of us are considering what will happen for real estate and other industries locally.  We don’t know what will happen in the near term, yet we see trends that are long term still look like Steamboat Springs is going to continue to grow.  Between being a desirable place to be/live, Steamboat also has jobs and tourism. “

There are people who need to move.  Persons are careers have changed – some people will move from Steamboat, and with the rise in work at home tech and tolerance, there are people looking for havens like Steamboat to live.

The market has slowed dramatically across the nation, and in Steamboat.  When Summer rolls around, and more data is available, we will all be able to understand the current changes further.  

One of the best pieces of advice I have received recently was to look at this time as a natural disaster, not a market meltdown.  Both we can recover from, but the changes in society are different for each.  Many people I know in Steamboat moved here to isolated from national problems.  So far, that is exactly what has happened with the pandemic.

Time to Ride – Skiing Time Out

Last week, on Wednesday, I was able to get some afternoon time free and go bike riding with my friend Poacher.  He has lived in Steamboat about a year and had not experienced a number of trails, mountainside riding, and cruising by the river.  We…

Weekend Stroll around the Boat

The change in our lives across the nation has brought on many things that weren’t expected.  Seeing Steamboat a sleepy town is much different than the normal shoulder season.   Normal shoulder (mud) season has some tourist and second home owners in for the season. …

Sunday Patio Chicken Wings in Spring – Steamboat BBQ

Sunday Patio Chicken Wings in Spring – Steamboat Springs BBQ and Spice

The results of not being able to go out and get a favorite food of mine.

Steamboat Springs Sundays are great days, but I miss sports on TV right now.  I also miss Sunday football games where I would get a regular diet of favorite football food.  Having not made chicken wings in awhile, I grabbed a bag from the (well-picked over) freezer section at the grocery and put them to brining.

Brining is an excellent technique that adds flavor and moisture to poultry.  It isn’t a technique I use much, but today I am really in to some tasty wings.  

Tony Catcher’s is one of my favorite go-to seasonings that I use.  It is excellent with fried potatoes and most poultry.  After pouring a gallon of water into a pot, I added two tablespoons of Tony Catcher’s Creole Spice and two tablespoons of sugar.  Stir, add the wings, and let them sit a few hours.

Brining the wings with some Tony Catcher’s Creole Seasoning

For today’s wings, I set my smoker at 190 degrees and let it warm up.  I then filled the wood tray with apple chips and waited for them to smoke.

As the smoker warmed up, the wings were placed on a a grill rack from the smoker.  They were topped with Boss Lemon Pepper and chili powder.  When the smoker was at temperature, I placed them in.

Seasoned with Boss Chili Powder and Lemon Pepper

It took me some time to figure out why my smoked chicken was bitter- they were smoked too long!  Now, I usually smoke chicken about an hour or so.  Today, I am going two and a half hours because I brined the wings.  The meat has soaked up water and spices and has left less room for smoke to penetrate.

At the end, to make sure all the chicken wings were to temperature, I put them on the grill for about 10 minutes.  It made the skin crispy and made sure the meat was cooked.

On the grill for finishing

For the sauce, Valentina’s Hot Sauce is an inexpensive favorite of mine.  Definitely a traditional Buffalo flavor guy, I tend towards Frank’s Hot Sauce.  Once I found Valentina’s, I converted.  The only other hot sauce that is consistently in the refrigerator is Cholua.

After the hot sauce base, Siracha was added for tang, onion and garlic powder for depth, and that’s it!  I mixed this with a whisk and the end result was an excellent product.  The wings were crisp on the outside and super-soft and full flavor.

To me, chicken wings are a staple on the menu.  I was in college when Buffalo wings first made their way out of New York and into the mouths of hungry Americans.  They were 35 cents a pound!  Oh, those were the good old days!

Paul’s Steamboat Market Report – Winter 2020

Wow! Who would have thought that we would see a sudden recession caused by a virus?  For awhile I’ve known there would be evolution for viruses and bacteria as they try to survive cleaners and antibiotics we throw at them.  To see something being compared…