Recent Posts

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 

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 course in great condition.  The trails were dry, except for a brook caused by a spring uphill, and the bushes have not leafed out completely, which makes it easier to find wayward discs.  

Overall, this is still an alpine mountain course and it plays like one.  Up hillsides and ridges, across ravines, and through aspens and oaks.  There is open terrain to toss a good drive, and often discs glide the way I want them.  There are afternoons when the winds are variable, and gusty.  These days are always interesting, providing for both epic throws I would never think I can do or miserable slogging through tight bushes and brambles to find a lost disc.

This morning I had just enough time to get nine holes in before I was going on a long shopping trip with K.  

To get to the course, a person has to drive up and around the administration buildings and to the dormitory parking lot.  The course starts at the end of the parking lot.  Hole one starts at the pavement and moves around a large area above the dormitory.  Being uphill, the views are often striking.  

The sun was up and there was still some dew on the grass.  It must have been about 8:00 in the morning when I tossed my disc up the short distance to the first hole.  The air was cool and no one was around.  I was pretty stoked because I was using new discs I bought the day before at Boomerang (who has a good selection of Innova discs).

The views were of green and white Emerald Mountain, downtown Steamboat Springs, and the thawing Steamboat Springs Resort.  I followed red dirt trails through bright green grasses.  Picking up discs from patches of glacier lilies and picking up scent of fresh sage.

Finally, on Hole 9, I made a really good throw that was guaranteeing me a birdie shot on the basket.  When I walked up, a guy my age and his golden retriever came over the ridge.  Earlier in the week, he had lost two discs that had sank in a seasonal pond.  This pond is at the far end of the fairway of Hole 9 and exists only during Spring runoff.  Using the rake that is kept there, he found one disc right away.  His second disc would have to wait for another day.

Of course, my disc found the basket for a birdie.  Thinking about my great day ahead, I walked to my car a short distance away.

To continue on the course and get 18 holes in, the original 9 baskets are used, however, the tee boxes are in different places.  With the terrain being so variable, CMC was able to make a great second half to the course.

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 

Time to Ride – Skiing Time Out

Two stand up paddle boarders on the Yampa River.

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 took a three hour ride around the area, exploring.

This week, Poacher sent me a text early in the morning and we set up time to ride in the early afternoon.  

The day is a warm Spring day with blue skies and a slight breeze.  The weather brought out a number of locals getting fresh air and moving around.  It is a brilliant day in Colorado!

We started uphill on Walton Creek then on to Val d’esere and down to Whistler Park.  Along the way we ran into our friend B, who was out working hard on his route.  We chatted for a bit and reveled in the warm Spring weather we were having that afternoon.  

From Whistler Park, we toured across the lower part of the mountainside area, traveling to Barn Village. Barn Village is set uphill from the famous More Barn of Steamboat marketing fame.  It’s the barn you see in many images relating to the resort.  The subdivision is well-built with single family homes and duplexes.  Their design is mountain contemporary and pleasing to view.  

At the top of Barn Village we took a shortcut path from the cul de sac up to Steamboat Boulevard.  Steamboat Boulevard is a favorite biking route for me.  It rolls quite a bit, and going from mountainside to town, the ride takes a person to Fish Creek Falls Road, which is an awesome downhill. This downhill is also one of the hills I purchased a new bike – one with disc brakes.

At the bottom of the downhill, Poacher and I concurred that the next time we do that really fun ride, we would be wearing helmets.  Slight mistake from a casual ride turning in to an adventure.

Both of us were feeling time pressured from taking an uncharted bike ride across Steamboat Springs.  We hopped on the Core Trail at Rabbit Ears Motel and took the fast lane to the mountainside.  Wrapping up our ride by following Burgess Creek for a couple blocks, we said goodbye and headed to our homes.

Bike riding in Steamboat Springs is usually a great time.  Sometimes trails get crowded.  Usually we run into a handful of folks and say hello to each of them.  The season is now for great road rides, while the snow melts from trails.

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 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 

Paul’s Steamboat Market Report – Winter 2020

Last day of the season (though I didn’t know it) was bluebird!

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 to The Plague bewilders me.

From my other articles, you can tell what life in Steamboat Springs is like right now.  In short, Spring weather with no one here.  Those who are here, you see them during the heat of the day then this is a very quiet town.

For this article, I’m not posting value trends.  They are pointless now during this time of change, and we need more data to understand the current market.  Here’s some thoughts:

Mortgage Rates and Refinancing:  

With interest rates so low, it’s a good time to consider purchasing and refinancing.  Rates have just moved, so wait for them to really take hold.  Interest rates will allow less risk investment purchases and for owners to lower carrying costs on homes/rentals.  Lower rates will also make it easier for families to purchase, especially first time home buyers.

Rents:

I talk a lot about rents in Steamboat because they represent how easy it is for someone to be in town long term, workforce housing, and basic investment barometer.  Landlords for several years have seen annual 8-10% rises in monthly rental rates.  With unemployment being a major concern and a slower recovery from this recession a definite thing, I expect monthly rental rates to lower.  I also expect to see more first time home buying happening because it is still cheaper to buy with a mortgage than rent the same home/condo/townhouse.

Home values:

Today I read some articles where economists were comparing this recession to the 1991 housing crisis started from the savings and loan collapse.  From what I can tell, there was a 14% decline in home values over 2 years at that time.  I don’t expect this market change to be the same.  An adjustment, yes, and when the economy comes back, values are changing again. 

There are going to be some opportunities coming up.  Some persons are going to have to change their investment portfolios, eliminate mortgage payments,  and move to new jobs. 

Overall Trends:

Following trends in Denver is a 6 month indicator for Steamboat.  Steamboat lags by 6 months.  We will be able to tell much more as time goes on.  I know the really smart guys are considering the coronavirus challenge to go up to 18 months.  This is a good time not to be in a hurry and let opportunity present itself. 

Skiing the Pandemic in Steamboat Springs 2020

Last weekend was beautiful!  Blue skies and bright sunshine welcomed me as I was walking up to the gondola.  Families were playing together in the snow and many were just enjoying time on Timber and Torch’s patio.  Though there was a short line to get