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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 

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 

Spring 2020 Skiing at Steamboat Springs

This year’s snowfall has been really good.  We have our average snowfall for the year, but it’s the way it came.  Consistent over the weeks of Winter.  8” here, 6” there, and, of course, the 10+” days that came around.  I was lucky enough to sneak in a couple of those!  It’s not easy, but it’s worth the extra hour of responsibilities at the end of the day.

This past Thursday, I found myself done with work early for the day.  It hasn’t snowed in awhile and the temperatures have hit the 40 degree mark a couple times.  I had time on my hands so I decided to go night skiing for the first time this year.

It was a good choice.  With the sun being up later in the day, there is more time with ski time with sunshine.  Night skiing opens up with fresh groomed trail as well.  Soft groomer corduroy that’s a little warm is what the evening opened up with.  The lifts opened at 5:30 to a crowd of about 20 people.

The crowd moved pretty quick and I was at the top in about ten minutes.  The sun was slowly going down, giving vibrant sunset colors to the Flattop Mountains, South Routt Valley, and town.  There was few people  on the slopes so I was able to open it up to a bit of speed.  Being a short run, I was to the bottom quickly.  At the bottom, there were only a couple people.  

For the next run, it felt like I was the only one on the hill.  No one was around me and I enjoyed a great second lap.

From here, dinner was done for many folks and they began to filter in.  Through the evening, there wasn’t a bunch of people, but it was busy.  I was able to navigate happy turns for the rest of the evening.  

When the sun set, twilight gave way to the lights on the runs.  Riding the lift back to the top, the half moon rose above the ridge and greeted me.

Night skiing isn’t something that I usually do.  My schedule for the Winter has not made it easy to break away.  At least for this month, it seems like I’m going to be able to get at least a day in each week until closing!  I’m stoked.  Like, ski bum stoked!

Winter Blues Break

Some Winters have snow that is consistent.  So consistent that one would think that it is a constant event.  Some Winters are full of sunshine and just enough snow to make skiing worthwhile.  Any winter can get long.   It doesn’t matter what the days 

Quick Trip to Winter Park

The amount of energy that goes behind putting a wedding together is amazing.  A long time family friend of mine is getting married this coming weekend.  For his bachelor party, we opted to go skiing for a day.  After much discussion of where to go, 

Steamboat Winter Weather 2020

This Winter has been very snowy!  We have had a number of storms that stack up on after another and provide great conditions.

NOAA, at the beginning of the season, talked about cold weather and a little bit of snow for the early season.  They also talked about regular snow through January and then tapering off to warmer trends for the rest of the Winter.  They were right.

Early season, we had a number of snow events, but none were really, really big.  Often snow would come in amounts up to six inches then move on.  And, as typical with an exiting front, the temperatures got really, really cold.  Once, my car registered -11 degrees.  It was this cold for more than a week and has not returned.

Once living in temperatures this cold, a person gets to know that temperature as the definition of cold.  Now, at the end of January, 10 degrees feels like it’s warm outside.  A couple times this season when I was getting in my car early in the day, I thought it was about 10-15 degrees only to find out it was zero!

Brrr!

December had two really fun snow events.  My favorite was five days long.  Ullr blessed us with snow the entire time.  If I remember right, it was three storms in a row and it didn’t stop snowing.  There were periods where snow tapered off for hours only to start up again and bring fresh inches.

January brought several Champagne Powder days.  A person could walk up to a snow covered car and blow on the top few inches.  Poof!  It would fly away without effort.  Those days were great for skiing and riding.  Snow would curl behind you and wisp away like fairy dust.

Now with February approaching, the number of Champagne Powder days is limited.  It’s starting to warm up, like things do prior to Spring.  Often we have many days of great skiing in February and the first few weeks look good for moisture and cool temperatures.

Our biggest conundrum for all season is how the snowpack has set up.  Some areas of Steamboat have not opened up because of avalanche concerns.  Though these areas have set up, the lower layers of the snow are volatile.  In some places, the snow has melted away from the ground, making it easy to disturb.  In two areas of the resort, the terrain did slide, and it broke at the ground and slid slabs into the areas down below.  In the early season, two people were caught and found themselves relatively uninjured at the end of it all.

Overall, Winter has been Steamboat awesome.  Many more days of snow are in the forecast and I am ready to ski as many of them as I can!

Paul’s Steamboat Market Report Fall Mud Season 2019

We got our first snowfall of the season, and it got down to nine degrees!  It seems like yesterday we had snow, yet this Summer ranks in the most beautiful.  I guess it’s time for sweaters and boots! Here are recent stats: The market is 

Steamboat Springs Summer 2019

This is one of the best Summers to be in Steamboat! Spring was wet.  Everyone will agree that it was off the charts with rainy weather, including two days where it snowed a few inches in town.  On Summer Solstice nonetheless!   The result is 

July 2019 Steamboat Springs Market Report

Steamboat has busted into a brilliant Summer!  The depth of green color and wildflowers has all of us more in love with where we live.  The Yampa River is ready for tubing and most of the trails are dried out and easily traveled.  It’s a good Summer already!

This weekend is the Balloon Festival.  Balloons have been arriving all week and are quite fun to watch them float through the valley!

The market has changed, reflecting national trends of increasing inventory and price stability.  Townhome and condo values are holding, with those in the $400,000 range becoming more competitive.  Sellers are holding onto Spring values and Buyers are working for their best opportunities.  Best opportunities have different definitions ranging from best design, interior amenities, and price.  Sellers have different motivations, ranging from maximizing returns to getting on to the next phase of living.

Homes in the $1.5m and up range are staying on the market longer, with downtown area homes having an inventory that exceeds 12 month supply.  They are selling, sometimes very quickly, yet overall the competition is bigger than the last two years due to Buyers being particular and demand is softening.  It is still the case that a family can buy a home cheaper than having one built.

Overall, there is a greater inventory than this time last year.  I have seen recent weeks where there is an equivalent number of new listings to the number of listings that go under contract.  In the past 7 days, the number of new listings is 61, the number of listings under contract is 20, and 35 have had price decreases.

Even with great interest rates and strong economic news, the market is changing from the trends of the last two Summers.

Steamboat Springs May 2019 Market Report

The weather has been the topic of the month.  Granted we know this is ‘mud’ season, but the weather has been unusual.  We had snowfall all day yesterday, with the top of the mountain seeing greater than 10” of new snow.  It’s good to have