Buyers Resource - Steve Downs

The Buyer’s Resource

Welcome to My Buyers Resource Guide for YOU

For 49 years, I have been“in training”here in Steamboat Springs to help you purchase real estate. We will cover many topics in the following pages, so feel free to browse this guide. I am licensed, insured, and will operate under a detailed written employment agreement we call an“Exclusive Right-To-Buy Listing Contract – Buyer Agency.” This agreement details the duties I owe you to promote your interests. A current, serious topic is the cost and availability of Insurance; we will be sure to investigate and question for you.

My value to you is the skill I have accumulated in the local real estate business here in Steamboat Springs. I have participated in over 660 real estate transactions with real estate as my full-time business. My compensation is a success fee paid only upon a proper closing of the transaction on your behalf (a commission.) You will want the Seller to pay my fee if possible and will instruct me to request that payment at Closing via our Buyer Agency agreement.

While you are waiting for the right property to come for sale, we can visit in detail to determine what is best for you! I am here to work for you and lookforward to our communication.

Sincerely,

Steven C. Downs, Broker Associate, Graduate Realtors Institute

Certified Residential

Specialist

Steamboat Sotheby’s International Realty

steve@stevedowns.com

c. 970-846-1709

(P.S. I am working on the national Accredited Buyer Representative (ABR) designation as another means to assist you.)

SSIR–Who We Are

With 3 offices and over 90 brokers, Steamboat Sotheby’s International Realty is Steamboat’s leading real estate firm.

With an emphasis on lifestyle, our brokers are skiers who love to take meetings on the gondola during a powder day. We’re ranchers who know what it means to live with the land. We’re fisherman and hunters who appreciate the order of nature. We’re parents whose kids are being raised Steamboat-style, getting pulled behind a horse down Lincoln Avenue, a century-old Steamboat Winter Carnival tradition.

Steamboat was a town first. It’s cowboy country as much as it is a ski town. It’s a friendly town and a family town. We know Steamboat because it’s our home.

90+ BROKERS • 3 OFFICE LOCATIONS 11+ SUPPORT STAFF • OPEN 7 DAYS A WEEK

Steamboat Springs – A Rich History

Nestled in the wide, open spaces of the Yampa valley on the western slope of the Continental Divide, Steamboat Springs has long been known for it’s western hospitality.

Long before Steamboat Springs became the world-class resort it is today, the Ute Indians adopted the area as their summer home. The Yampa Valley was the summer hunting grounds of the Ute Indians for hundreds of years. The first white men passed through the area in the early 1800s. The name Steamboat Springs is said to have originated in the 1820s when three French trappers traveling along the Yampa River heard a “chug, chug” sound. Thinking they had reached a major river one yelled, “a Steamboat, by gar!” Upon further investigation, they discovered the sound came from a natural mineral spring, to be named the Steamboat Spring. The town that grew up around that spring became Steamboat Springs. The Steamboat Spring still sits at the far end of town; however, it ceased to “chug” when the railroad bed was laid above it in 1908.

I t wasn’t until 1875 that the first permanent settler, James Crawford brought his family to this area. Crawford lived peaceably among the Ute Indians, who annually visited the “medicine springs.” After the removal of the Indians from Colorado in 1880 following the battle at Milk Creek, other settlers gradually joined the Crawfords. By 1885 five other families had settled in the area.

T he earliest mail service (from Georgetown) was by skis or snowshoes in winter, horseback or afoot in summer. Extension of the Rio Grande Railroad from Leadville to Wolcott in 1888 saw the establishment of a regular stage line, with coaches in the summer and sleds in the winter. This provided both passenger and mail service. The stage line was much improved in 1890 when the state bridged the Grand River, now the Colorado River.

From the earliest times, one of the town’s greatest attractions was the Bath House, supplied with natural hot mineral spring water. On this same site on the east end of Lincoln Avenue, the Steamboat Springs Health and Recreation Association operates the spring fed pools currently in use.

M ajor improvements to the town occurred in the late 1880s, including the building of the Sheridan Hotel, a fine sawed log a structure built by Henry Schaff on the west end of town, and the first bridge across the Bear (now Yampa) River near the Bath House in 1889. Neither of these structures remains today.

STEAMBOAT SPRINGS 1909

Steamboat Springs – A Rich History

Skiing became an integral part of Steamboat’s lifestyle just after the turn of the century. Known officially as “Ski Town USA,” Steamboat Springs has produced more Winter Olympians than any other town in the US. Today, summer vacations and winter “champagne powder” skiing are enjoyed with equal enthusiasm, while thriving downtown and mtn commerce areas make Steamboat a healthy year-round community. In Steamboat you’ll find an active outdoor lifestyle that values children & families in a safe environment. Playgrounds and parks abound with interconnecting trail systems. National Forest lands, state parks, wilderness areas, rivers and lakes provide for numerous adventures at your doorstep, while those craving cultural activities will be amazed at the abundance & sophistication of the choices available.

A LOCAL LEGEND SAYS THAT THE YAMPA VALLEY HOLDS A CURSE:

“Once you visit the valley your heart will be forever captivated, and be compelled to return again and again.”

Year-Round Recreation

No matter the season there is always something to love about Steamboat

SUMMER

Road biking

Mountain biking/downhill biking

Farmers’ Market

Steamboat Free Summer Concert Series

Steamboat Springs Pro Rodeo

Stand Up Paddle Boarding

Steamboat & Pearl Lake, North Routt

King Solomon Falls, North Routt

Cruise the Core Trail on bike

Golfing

Swimming

Hiking

Horseback riding

Water skiing

Gondola rides

Camping

Alpine Slide at Howelsen Hill

Tube the Yampa River

Visit the Yampa River Botanic Park

FALL

Scenic drives to see the golden aspens

Hiking

Camping

Hunting

Road biking

Mountain biking

WINTER

Skiing/Riding at Steamboat Ski Area

Skiing/Riding at Howelsen Hill, downtown

Cross country skiing

Snowmobile tours

Sleigh ride dinner

“Skin” (hike) up the mountain

Snowshoeing/hiking

“Fat bike” mountain biking

Ice skating

Sledding

SPRING

Kayaking

River rafting on the Yampa River

Hiking

Gardening

Bird watching

Tour local breweries

Enjoy off-season restaurant specials

YEAR ROUND

Strawberry Park/OldTown Hot Springs

Hot air balloon rides

Fly fishing

Indoor tennis/pickleball

Sunset Happy Hour top of the Gondola

... and so much more

Steamboat Springs Area Schools

Steamboat’s schools are consistently ranked as some of the top in the state, offering diverse programs for children with a wide range of needs, and for families with a wide range of educational preferences.

STEAMBOAT SPRINGS SCHOOL DISTRICT RE-2

Soda Creek Elementary 639 Park Avenue

970.879.0652

Steamboat Middle School 39610 Amethyst Drive 970.879.1058

PRIVATE SCHOOLS

Emerald Mountain School K thru 8 818 Oak Street

970.879.8081

Strawberry Park Elementary 5100 Amethyst Drive 970.879.7550

Steamboat High School 45 Maple Street 970.879.1562

Sleeping Giant School K thru 8 40250 Giant View Drive 970.871.3199

Mtn Village Montessori 27285 Brandon Circle 970.879.6653

Steamboat Mountain School 9 thru 12 42605 County Road 36 970.879.1350

PRESCHOOLS & KINDERGARTENS

Discovery Learning Center 2875 Village Drive 970.879.5973

Kidz Kabin Preschool 624 Pitkin

970.879.5896

Grandkids Child Care Center 1100 Central Park Drive 970.870.1140

Heritage Park Preschool 27285 Brandon Circle 970.879.7811

North Routt Charter 26990 Eagle Lane, Clark 970.871.6062

Holy Name Preschool 514 Oak Street 970.879.8228

Mtn Village Montessori 27285 Brandon Circle 970.879.6653

Sleeping Giant School 40250 Giant View Drive 970.871.3199

For more info about the schools in the Steamboat School District, visit www.sssd.k12.co.us For school rankings and reviews, visit www.schoolgrades.org

SIR Mobile App

SIR Mobile is a real estate app that works anywhere and searches globally in 72 countries. Locate your next home and learn about the local lifestyle amenities with our points-of-interest toolbar, showcasing local restaurants, golf courses, resorts and more.

• GPS search, find the closest home

• Search globally in 72 countries

• Driving directions to the home of interest

SIR Mobile

• Social sharing on facebook and twitter

• Tap to connect, call or email

• Points-of-interest toolbar

The Sotheby’s International Realty mobile app is the only luxury real estate app that serves properties in more than 70 countries and territories worldwide. Experience homes on your mobile device like never before with immersive 3D property tours and our new augmented reality "shop the room" functionality. Customize the app to your local currency, unit of measure, and one of the available 18 languages.

Steamboat Springs

STEAMBOATSIR.COM

steamboatsir.com

We have taken the online property search to an extraordinary new level optimizing the user experience by incorporating multiple search features, intuitive functionality, with accurate content while users can customize and save searches.

SteamboatSIR.com is part of Sotheby’s International Realty’s “cascading network,” with listings distributed to local websites and around the world, translated into 17 languages and currencies, and the ability to search based on location or lifestyle.

• Explore the different neighborhoods in and around Steamboat

• High resolution photos, video unique from other real estate websites

• Get monthly, annual market reports and resort reports

• Advanced search abilities including property type, neighborhood, amenities, and lifestyle

• Scroll through e-editions of our signature magazine, The Collection

We have taken the online property search to an extraordinary new level, optimizing the user experience by incorporating multiple search features, intuitive functionality, and features such as customized and saved searches. SEARCH BY NEIGHBORHOOD

With stunning photography and video, SteamboatSIR.com creates a visual experience for the customer

Community Fund

Steamboat Sotheby’s International Realty is proud to have collaborated with the Yampa Valley Community Foundation to create the Steamboat Sotheby’s International Realty Community Fund in order to support Yampa Valley and Steamboat Springs non-profit organizations through a collective funding and semi-annual granting process. The Community Fund has granted over $130,000 to local non-profits since its inception in 2017, and Steamboat Sotheby’s International Realty contributed over $50,000 to local organizations in 2022.

As the largest local real estate firm, Steamboat Sotheby’s International Realty agents and staff collectively participate in the fund, aiming to make a significant and meaningful impact to people and organizations in our community.

Finding The Right Property

INITIAL CONSULTATION

• Determine your priorities and needs

• Review options and select appropriate working relationship

• Discuss financing options

FIND THE RIGHT PROPERTY

• Sales professional to show you properties based on your criteria

• Evaluate each property with agent

• Choose the right home

PREPARE AN OFFER

• Prepare contract/disclosures

• Review comparable sales to determine offer price

• Review progress of loan pre-approval

• Decide on contract terms

• Prepare earnest money deposit

REACH AN AGREEMENT WITH SELLER

• Present your offer

• Negotiation of terms and possible counter offers

• Agree upon sales contract with seller

COMPLETE THE SETTLEMENT PROCESS

• Deposit of earnest money

• Review seller’s property disclosures

• Review preliminary title report

• Inspections

• Remove any remaining contingencies

• Arrange for homeowners insurance

• Final walk-through of property with agent

• Provide balance of down payment and closing costs

• Sign documents, Loan funding, Record title

• Set up utilities

• Receive keys from sales professional – MOVE IN!

FINANCIAL PROCESS

• Find a mortgage company

• Consult with a loan officer

• Provide documentation

• Complete loan application

• Pre-qualification

• Property appraisal

• Loan processing

• Loan financing approval

Submitting An Offer

Once you have found the right property, the next step is to make a purchase offer to the seller.

DETERMINE THE PRICE YOU WANT TO OFFER

• The price the seller is asking may or may not reflect realistic market value

• The best way to determine market value is with a Comparative Market Analysis (CMA) showing similar properties that sold recently, those currently active on the market and those that failed to sell

• I will discuss with you an estimate of costs associated with purchasing this property

DECIDE ON FINANCING

• We will review together the status of your loan pre-approval

• You will work with your loan officer to understand financing options and help you determine the mortgage plan that best fits your requirements.

DECIDE ON OTHER ISSUES THAT ARE IMPORTANT TO YOU

• Items of personal property you want included with the house

• Warranty, inspections, repairs or other home enhancements by the seller

• Closing date and possession

I WILL PRESENT YOUR OFFER

• The seller will have three choices: accept your offer as it is presented; reject it completely; or propose adjustments to your offer (counter offer)

• If there is a counter offer, you can choose whether to accept it, reject it or counter it.

ONCE YOU ARE UNDER CONTRACT

• Congratulations – you have a firm contract to purchase the property!

• We will move through the contract process and deadlines including title, inspection, appraisal, documents review, loan approval and closing

• I will guide you through this process step-by-step

Definitions of Relationships

SELLER’S AGENT A seller’s agent (or listing agent) works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the seller. The seller’s agent must disclose to potential buyers all adverse material facts actually known by the seller’s agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller.

B UYER’S AGENT A buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the buyer. The buyer’s agent must disclose to potential sellers all adverse material facts actually known by the buyer’s agent including the buyer’s financial ability to perform the terms of the transaction and, if a residential property, whether the buyer intends to occupy the property. A separate written buyer agency agreement is required which sets forth the duties and obligations of the broker and the buyer.

TRANSACTION-BROKER A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction without being an agent or advocate for any of the parties. A transactionbroker must use reasonable skill and care in the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction-broker concerning a property or a buyer’s financial ability to perform the terms of a transaction and, if a residential property, whether the buyer intends to occupy the property. No written agreement is required.

CUSTOMER A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because such party has not engaged or employed the broker, either as the party’s agent or as the party’s transaction-broker.

Moving Checklist

Call your cell phone service company to have your plan(s) changed and moved to CO, if necessary

Submit your change of address form(s) to the post of fi ce for mail and magazines, or visit moversguide.usps.com to submit your address change online.

Notify your fi nancial institution of your move

Order new checks from your bank

Arrange for moving assistance

Update your driver’s license or get a new one if moving from another state

Register your automobiles with the State in the county where you will be residing

Transfer your policy or make arrangements for new auto insurance

Register to vote

Register your kids at their new schools or submit a change of address with their school

Make arrangements to have your family’s medical and dental files transferred to your new doctors

Utility Resources

N ATURAL GAS

PROPANE GAS Ferrelgas

WATER/SEWER

Mount Werner Water (Mountain Area Only)

Steamboat II Metro District (West Steamboat)

Morrison Creek Water & Sanitation (Stagecoach) 970.736.8250

Steamboat Lake Water & Sanitation (Stmbt Lake Area)

Sotheby’s International Realty

EVEN IF YOUR REAL ESTATE NEEDS AREN’T IN STEAMBOAT...

With the Sotheby’s International Realty Referral network, I can help connect you with the right agent across the country, or across the globe.

No matter where you are considering purchasing or selling real estate, we can connect you with a professional, reputable, honest agent who can help. The Sotheby’s International Realty network has of residential brokerage companies in more than 81 countries and territories. Let us know where your dreams, or your needs, may take you, and we can find the perfect agent to help you achieve them.

Glossary of Terms

ACCEPTANCE Consent to an offer or contract.

ADJUSTABLE RATE MORTGAGE (ARM): Interest rate and monthly payments are adjusted periodically during the life of the loan to correspond with changes in the money market. The initial interest rate is usually lower than that for a fixed-rate loan. A cap limits the amount by which the rate or the payment can change.

AGENT Someone who is authorized to represent another individual (the principal).

AMORTIZATION The process of paying off a debt by installments normally by equal installments over a fixed period of time as in a 30 year fixed-rate mortgage.

APPRAISAL A formal opinion or estimate of value by one who is qualified to evaluate factors of value. In real property appraisals the purpose of the opinion may affect the type of report issued, e.g. insurance, market value, tax assessment, etc.

ASSESSMENT A special charge placed against a particular property for some specific purpose such as installation of sidewalks.

ASSUMPTION OF MORTGAGE The process of assuming personal liability for the payment of existing loans for which property is the security.

BALLOON PAYMENT The amount due when a note or mortgage becomes due which is in excess of normal installment payments.

BILL OF SALE The legal document used to transfer title to personal property.

BROKER One who acts as an agent or negotiator for his principal when dealing with third parties on behalf of his client.

BUILDING CODE The code of restrictions established by a government body for regulating the construction of buildings.

CARRYING COSTS The various expenditures necessary to maintain a property from month to month such as taxes insurance repairs.

CLOSING COSTS Additional cost other than down payment needed to purchase a property. They include points application fee and year’s premium for hazard insurance tax and insurance escrow deposit city revenues stamps, recording fees and attorney’s fees,

CLOSING STATEMENT The settlement sheet that is a statement of debits and credits for the buyer and seller in summarizing the costs involved when selling property.

COMMITMENT An agreement to loan a specified amount to a purchaser in the event of title transfer or to a seller in a refinance arrangement.

Glossary of Terms

CONDOMINIUM An apartment house subdivided to give title to individual occupants by a description of the air and ground space involved for each unit. A form of real estate ownership.

CONTINGENCY Any requirement in a contract which must be completed before the contract can be considered ready for performance; most commonly refers to a mortgage contingency.

CONTRACT An agreement negotiated and entered into by two or more parties who exchange mutual promises to perfiwnt certain acts in accordance with the wishes of both parties.

CONVENTIONAL MORTGAGE Any mortgage that is not government insured is considered to be a “conventional” mortgage.

CO-SIGNER One who accepts equal obligation for the performance of a contract, note, or other act by affixing his or her name to the documents involved.

DEED A written instrument, which conveys title to real property.

DEFAULT Failure to perform the acts or promises made, such as the default on a mortgage when payment is not made on time.

DISCOUNT POINTS Refers to the points paid in connection with an FHA/VA loan. Will fluctuate with the money market (see points).

EARNEST MONEY A sum of money given to bind an agreement or an offer made to show good faith.

EQUITY The interest one has in real property as an owner above all existing indebtedness.

ESCROW A depository for papers funds and instructions with a third party who is then obligated to carry out all instructions providing they are in complete agreement.

“FANNIE MAE” The nickname given to the Federal National Mortgage Association operated by the government as a secondary market for mortgage loans.

FHA LOAN Federal Housing Administration loans are insured by the federal government. Interest rates can be lower than for conventional loans but the real advantage lays in the low down payment requirement, usually under 5%. These loans are assumable. Usually “discounts points” must be paid and can be paid by either buyer or seller as agreed.

FIXED-RATE MORTGAGE Interest rate monthly payments remain the same for the term of the loan.

GIFT LETTER A letter prepared for a mortgage, which verifies that the sums of money being used as a down payment were a gift from a relative made without obligation of repayment.

LEASE An agreement by which real estate is rented for a fixed period time.

Glossary of Terms

LEGAL DESCRIPTION A description of property, which can be recognized by law and by which the property in question can be definitely located by reference to recorded maps.

LISTING A contract with a real estate broker authorizing that broker to be the sales agent for the property.

LONG TERM CAPITAL GAIN An increase in the value of an asset occurring over a period of at least 6 months duration and on which the owner can claim special tax privileges when the property is ultimately sold.

MARKET PRICE The price a property should bring based on comparable sales of similar properties within recent months.

PERSONAL PROPERTY That which is essentially moveable or not affixed to real property.

“P.I.T.I.” A phrase used to denote the components of a mortgage payment: principal interest taxes insurance.

POINTS A term used to describe loan discounts collected by mortgage lenders as a means of increasing their yield on real estate loans. A point is I% of the amount of the mortgage.

PRINCIPAL One who employs an agent or becomes a participant in a real estate transaction as owner, buyer, etc.

PRIVATE MORTGAGE INSURANCE (PMI) An insurance premium charged by lender to buyers with less than 20% down payment. PMI insures lender in the event that buyer should default on the loan.

PROMISSORY NOTE A written promise to pay a certain sum of money at a definite date in the future.

PRORATION To divide proportionately among the parties involved based on a fixed date of computations their share of an obligation paid or due eg, taxes, water, sewer, rents.

SECONDARY MORTGAGE MARKET The outlet for primary mortgages to those who buy them for investment after the original lender has completed his purchase of the loan.

VA LOAN Only veterans of the United States Armed Forces who have received an honorable discharge are eligible to receive these loans.

How Do We Compete with a Cash Offer?

Dear Client………

Given the continuing low inventory of properties for sale and the active demand for real estate in Steamboat Springs, here are my tips to YOU to compete with a cash buyer if you wish to obtain a Loan. I urge you to contact a Lender of your choice and become “pre-approved.” Please study these ideas and ask me questions and perhaps consider a new opportunity included at the end of this presentation.

1. Offer more than List Price – motivates many Sellers. Selling prices of many closed sales in our market, especially condominiums in the lower price ranges, are continuing to show higher sales price than the initial listed price.

2. Increase (double?) the Earnest Money – you are a serious Buyer. Your Earnest Money has several protections in the purchase contract.

3. REALLY, REALLY Get PRE-APPROVED – Formally apply to and obtain a letter from your chosen Lender stating you are pre-approved for the loan you are proposing in your offer. All preapprovals are not the same; a pre-approval from a reputable lender, especially on a popular property can make a difference. You should assemble your financials before you begin so that your lender can act in a timely manner for you. The letter should be on the Lender’s letterhead, signed by your Lender and show contact information for your chosen Lender. The letter needs to be submitted with your offer to purchase. * Pre-approval means you have completed a Loan Application, have had your credit run by your chosen Lender, and your chosen Lender has looked at some of your financials before writing the pre-approval letter. A proper pre-approval will have qualifiers from the Lender. (* Note: You may qualify for more than the loan amount you are seeking. Be sure your Lender loan approval letter lists only the amount of loan you are requiring in your purchase Contract.)

4. Offer “proof of funds” for the section of our contract where you certify that you have the funds available for your proposed purchase (§ 4.4.3) This action can be as simple as providing the name of your Banker. The Listing Broker can call your Banker on behalf of the Seller to verify. You certainly do not want to give out account # information, although a redacted bank statement will say volumes to the Seller.

5. Pay the “appraisal gap.” Insert a clause in your offer stating that you will pay the difference between the Contract Price and the Appraised Value in cash at closing – this may increase your

down payment / out-of-pocket cash, but the Seller will know that you are not going to ask for a lower price if the appraisal is received and does not meet the Contract Price. Placing a cap on the “appraisal gap” amount you will pay will give you some control (i.e., less than $50K, etc.)

6. Seek a lower loan-to-value (LTV) – i.e., a 70% loan or less. Leveraging your money with a high purchase LTV will create a higher interest rate for you. More down payment is the norm to compete with cash. More down payment may also help you obtain a lower interest rate in these times of higher interest rates.

7. Inspection. OK to have this provision but qualify to state the inspection will be to determine the condition of the major mechanical, health, and safety systems only. There are additional strategies we can employ regarding inspection. See #9., below.

8. Appraisals. This part of the loan process created lengthy delays in loan processing in the past and caused more than one Buyer to lose a purchase when a “back up Buyer” was ready to proceed quickly when a Seller would not extend the appraisal deadline. The problem has lessened somewhat now, and we are seeing shorter appraisal times. One “work around” that has helped Buyers obtain a timelier appraisal is to state that you, the Buyer, will instruct your Lender to order an EXPEDITED APPRAISAL and pay the additional cost charged by the Appraiser who agrees to perform the appraisal. You will wish to discuss this idea with your Lender prior to proceeding.

One trend due to the above is that we are now seeing out-of-area Appraisers working in the Steamboat Springs market and joining our Board of Realtors MLS system to access accurate comparable data. These appraisers have helped ease the backlog. However, demand for housing continues strong; local competent licensed Appraisers are always in demand.

9. Inspection Section of Contract (§ 10.3). Our real estate contract allows you to inspect all parts of the property. Most often, a Buyer engages a home inspector for this purpose and then, if needed, can have a professional inspect in more detail (electrician, plumber, engineer, etc.). One tip you might consider is eliminating the box called “Inspection Objection Deadline” but retaining the box called “Inspection Termination Deadline.” This tactic still allows you to terminate the contract if you find major issues but tells the Seller that you will not “nickel and dime” items you find that need correcting. This is a refinement of my Tip #7, above.

10. Offer to pay costs historically paid by the Seller: Survey; Title Insurance; Seller Closing Costs.

11. You may be forced to participate in a “bidding war.” If so, you might consider your “highest and best” offer from the beginning. You may have heard of what is called an Escalation Clause in real estate contracts. You state that you will pay “x” $ above the highest offer (but not to exceed a certain price amount). I am not a fan of this tactic as it “shows your cards” right up front in the negotiations. Also, use of these clauses has fallen upon disfavor with the regulators and Attorneys.

12. Consider “Delayed Refinancing.” This tactic may have great appeal to you if you can pay cash but wish to ultimately leverage your funds when interest rates are more favorable. The advice of a good Lender is very important to You.

Much of my material above comes from Local Lenders. Contact:

1. Kathryn Pedersen, Originating Branch Manager; CrossCountry Mortgage. (970) 761-2245 / kathryn.pedersen@ccm.com She can educate you on these special loan ideas:

a. Temporary interest rate “Buydown.” 1-2-3 years via a closing cost to the Seller

b. Permanent “Buydown.” A Seller credit to pay points to reduce your interest rate for the life of the loan. Allows you to qualify for more loan and the Seller to meet her/his price.

c. Bank Statement(s) Loan. Allows you to use bank statements versus tax returns. Good for self-employed persons or if you have not yet filed your tax return.

d. Debt Service Coverage Ratio (DSCR.) For residential income-producing property (like a vacation condominium you purchase) where the Lender looks at the income produced by the property to qualify you for the loan.

e. Gift from Family. Cash, co-signing with you on the loan, or whatever the Family wishes to offer.

f. Engage Kathryn’s help in CCM’s FastTrack Credit Approval Process. (Note: if a condominium loan, you will first need to identify the type of loan; condo-tel, “normal” condo, etc.)

2. Chris Magnotta, Branch Manager, Sr. Mortgage Advisor; Elevate Home Loans. (303) 226-4223 / chrism@elevatehl.com He can educate you on creative loan ideas:

a. You do not need a “hard” credit check to get a loan pre-approval. Chris can obtain a credit check at no cost to you and no “hit” on your credit

b. Chris can help you obtain a fully underwritten loan versus a loan pre-approval

c. Offers software monitors to help you locate the best interest rate to “lock-in.”

3. Your Personal Lender with whom you have done business in the past. The Lender will know you and may be helpful in applying these tips to make you a very attractive Buyer! Do be aware that loan underwriting nuances to our resort property market here in Steamboat Springs are not known to all Lenders. I strongly urge you to seek a LOCAL Lender.

I do not want you to overspend and be uncomfortable based on what YOU can afford, however, the market is active. I suggest you want to sit down BEFORE you “jump in” to the buying process to determine exactly what you will be comfortable investing and how you might apply these tips. You may

move to considering a property you have not previously envisioned. You will likely be paying more than you anticipated.

FYI: new construction not “in the pipeline” in our area continues to be two / three years into the future. Construction costs continue rising. Given past lumber tariff issues with Canada, and now wildfires, the December 2021 Marshall Fire in Boulder County, and the virtual “year-round building season,” lumber prices / futures continue to rise. I completed a personal project in 2022. The project required metal siding. I paid prices for “metal” (think metal roofing/siding) that “went through the roof” – no pun intended.

Given this less-than-rosy but accurate presentation, I have three suggestions for you.

1. Contact me to discuss your property needs or refine your needs if you have been following the market. or

2. Contact me to enter your property requirements into my “auto-email” system in the MLS. The Auto-Email will notify you when a property comes onto the market, goes under contract, or comes back onto the market (falls out of contract.) This feature runs 24/7. or

3. Do nothing. I will be happy to continue sending you our monthly newsletter and market reports we create each year.

Thanks for reading; I look forward to helping you find the right property for you and help you create a good loan if you can apply these tips.

Steve Downs, Certified Residential Specialist

Steamboat Sotheby’s International Realty

970.846.1709

steve@stevedowns.com

8/24

PEAK PREMIUM

MAKING SENSE OF HOMEOWNERS INSURANCE

If there’s one thing that goes up and doesn’t come down, it’s homeowners’ insurance. It’s not uncommon for policy holders to see their premium rates double or even triple with a renewal notice at the end of the year. So what gives?

“Basically, Colorado is now considered a high-risk state when it comes to wildfire,” says Savanah Harding, Personal Lines Lead, Mamich Insurance Agency. “The big event that triggered this was the Marshall Fire. It was the straw that broke the camel’s back.”

The wildfire started in Boulder County Colorado on December 20, 2021, and quickly spread from a grass fire to become the most destructive fire in Colorado history

in terms of the number of buildings destroyed. “The fire caused rebuild rates to double because of the increased demand,” Harding says. “The demand surge caused a shockwave through the industry.”

Harding says to understand the insurance industry, you have to look at the bigger picture, not just what’s going on in your own backyard. Insurance carriers are national corporations with policy holders across

the U.S., so a major disaster affects everyone, not just homeowners in the area where the incident occurred.

“Hurricane Ian was an eight-billion-dollar loss to the insurance industry. Each carrier is supposed to keep a percentage of premiums for its reserves, but when you have a major incident like that, it drains the company’s reserves, and that’s why they have to increase premiums, even here in Colorado.”

Harding says a common refrain regarding dramatic premium increases is “I’ve been with this company for 40 years and never filed a claim.” Unfortunately, the reality is an individual track record has little to do with premium rates.

The question is: what can a homeowner do to save money when it comes to the rising cost of homeowners insurance?

Now that Colorado is considered a high-risk state because of wildfire, that’s going to be one of the biggest variables an insurance company is going to

look at when determining the cost of protecting your home. The good news is there are things you can do.

“Insurance companies want to see that you’ve created a defensible space around your home. Clearing brush. And cluster of trees should be at least 75–100 feet away from any structure and landscaping around your home should be neatly kept,” Harding says. Consider installing irrigation surrounding your home to protect it from wildfires and having a specialist come out to do an inspection or give recommendations on how to create a defensible space.

Another important thing to consider when purchasing a home is that its within five miles from a fire department. “Once you’re farther out in more rural areas coverage gets trickier,” Harding says. “Some companies simply won’t insure a property farther out, period.”

In addition to fuel sources close to your home, insurers will also look at the degree of slope your lot is on, as well as access—both characteristics that are typical for a lot of mountain homes.

With the increased risk and more complicated variables here in Colorado, Harding warns homeowners not to try to cut premium costs without consulting your agent because it may very well ending up costing you more in the long run, should something happen. “Just because you can get on app or website and buy a policy doesn’t mean you’re insured for what you think you are.”

“When the Marshall fire occurred, we heard so many stories about people who believed they were getting screwed by their insurance company, but most likely they got online, built their own policy and were just trying to make it cheap and didn’t realize that cheap coverage also meant less coverage,” Harding says. “It’s important to work with an insurance agent who can walk you through how much a policy costs and what you carry so if you do experience a loss, you have someone you trust who can walk you through it.”

An insurance agent has a program to estimate your home’s replacement cost which is especially important in a luxury resort market like Steamboat where the cost of construction is constantly going up. “With our replacement cost estimator, we can get as specific as the replacement cost of each window or types of countertops and hardwood floors.” Harding says any high value item such as jewelry or artwork should be appraised and documented. There are even specialty insurance companies that will provide coverage for jewelry specifically—again, this is something an agent can look into for you to make sure you’re adequately covered.

There are still ways to cut costs, it just has to be done strategically. “One way to save is to do a split deductible, which means you have a separate deductible for wind and hail. Those types of claims are unlikely to happen here in Steamboat, so it can be separated from what is known from an ‘all perils’ deductible you’d use in the case of theft or fire. This can help keep the overall deductible cost lower,” Harding says.

If you are a buyer, keep an eye out for items that might make a home harder to insure. If the home has a retaining wall, make sure it’s vented for water so it won’t move or shift over time. Newer rooves are important too. “Most companies will not provide replacement coverage for a roof that is more than 20 years old. A roof that is 21 years or older may only be covered for its value before it was damaged.” It’s especially important to consider this if you’re looking to purchase a condominium. “Older condominium complexes might be cheaper, but keep in mind that insuring an older property is going to be a lot more expensive to insure,” Harding says. This is also often the reason HOA dues rise dramatically, is because of the cost of insurance.

If your rates go up, you definitely want to shop around. Just make sure you don’t sacrifice your coverage for a lower premium. “That’s when you want to have an agent who understands the industry and can tell you ways to save,” Harding says. “It’s a tricky balance.” //mamichagency.com

M&W I., CO (English)

"With several moves (the military makes that a frequently recurring phenomenon) across this beloved country, we've had the pleasure of working with some exceptional realtors. And you, Sir, are at the top. Your attention to detail at every step of this process has been outstanding. We can't thank you enough for your constant help in bringing us to closing, plus your patience with us over the past few years as we wrung our hands over increasing prices. And thank you for not disappearing- we'll try to keep our questions to a minimum going forward, but you are a treasure trove of information on Steamboat. Thank you, thank you, thank you. Your friends,"

K&D L., SC (English)

"When we started looking at townhomes in Steamboat in 2017, friends of ours suggested we use Steve because they said he was the best Realtor they had ever used. And he was! Due to medical reasons, we decided to sell our townhome and move to Ohio, closer to our daughter. Again, we used Steve as our Realtor. I had never handled anyting like this by myself, and without Steve, I couldn't have done it. He walked me through everyting and became more than a Realtor, he became a very dear friend. We will always think of Steve when we remember our wonderful times in Steamboat."

K&JW; CO (English)

"If you are looking for an exceptional Realtor, Steve Downs is the man for you! We were lucky to meet Steve in the spring of 2019. He has been involved in a lot of transactions within Steamboat Springs and that experience really shows through. We found him to be very knowledgeable about the Steamboat Springs market and what makes this area a wonderful place to own property.

Steve’s communication was thorough and sharp. He expertly navigated the transaction process with us, the broker on the other side of the transaction, the mortgage company, title company, and insurance company. He was always responsive via phone, email, and text. This put us at ease because we knew we could reach out however we were able, and he would respond very quickly.

Steve went way above and beyond expectations. He was able to schedule showings in very short order when we made a last-minute trip from Wisconsin to Colorado. He drove us from location to location, offering information about the town, and thoughts to consider about the different types of properties we were looking at. Steve provided a very thorough inventory listing of all of the property included in our transaction, which made the long-distance purchase easy to navigate. He connected us with another client to remove a set of twin beds we did not need and even moved a load of laundry from the washer to the dryer when we left town and forgot to change it. Now that is really going above and beyond!

In conclusion, Steve Downs will work very hard for you, go the extra mile, is very good at his craft and is a great human being to work with and get to know. We would highly recommend him to anyone that is doing a real estate transaction in the Steamboat Springs area!"

D&J Q; SBS (English)

"We are so grateful for all your wisdom, guidance, and excellent advice during our homebuying adventure! Your hard work was greatly appreciated and truly paid off as we love our new home and our new neighborhood! Thanks for the beautiful plaque, it is displayed in our front entry and the gift card to Snow Country will be put to good use in the spring!"

JC: CO (English)

"Hands down, Steve Downs is the most knowledgeable, experienced realtor in Steamboat! His vast network of resources and references speak for themselves; his decades of experience is unmatched, and his attention to detail and the information he provides to help the buying and selling experience keeps the whole process running smoothly. I would recommend Steve for any of your real estate needs in Steamboat Springs."

Warm Regards; DT; CO (English)

"Steve, I cannot imagine a relationship with a professional Realtor that could have improved upon your professionalism, courtesy, kindness and friendship."

K&JW; WI (English)

"Thank you so much for all of your help in making of Steamboat Dreams come true. You are a wonderful professional and a fabulous mentor during this process. We will stop in and coordinate meeting up when we are back in December when we get our “Mountain Magic Why Not” all set for the season."

VL; NY (English)

"I have known Steve Downs over thirty years since I bought my Steamboat condo. Two years ago, when I was considering selling my condo, I sought out Steve’s advice. Steve helped me assess the market and the future. I decided to hold the condo until September 2018. Within two weeks e had several offers, one of which I accepted. Our delay in putting the condo on the market resulted in a much greater purchase price than I could have received had I placed it on the market earlier. With offer in hand, Steve took over, keeping me updated with the progress of the sale and double checking each step along the way till Closing. This was effortless for me. Working with Steve reinforced my decisions. I highly recommend Steve Downs to be your real estate Broker/Agent."

PB; WI (English)

"Congratulations on receiving the Distinguished Contributor Award from the Steamboat Springs Board of Realtors for 25+ years of continuous membership and (your) contributions to leadership in the organization. Your are most deserving and can justifiably be proud of the recognition."

L,R,HG; CO (English)

Just a little note to say a huge Thanks for all of your knowledge and assistance in the purchase of our lovely little Steamboat condo! We are so excited to grow up in such a beautiful place!

L&TL; CO (English)

"We greatly appreciate your professional efforts and personal contacts on our behalf. "

DR; CO (English)

"Thank you for selling the house and getting me out from under that mortgage and dealing with for me. You were amazing. You did a great job – Perfect! Thanks for being my friend. "

LR; FL (English)

"A special thank you for your extra effort in this deal. Things have become very complicated in some ways and easier in other. Many “thank yous!”

NH; MN (English)

"It’s been a long haul (3+ years) but you made it happen. This is a big Thank You (plus your rightful due) for all of the extra time and energy you spent for me from the beginning…..filling out forms, explaining abstract lingo and guiding me through the process with each new “hopeful” contract. We got sale but even better we have a very special friendship. Can’t beat that! "

L&KK; CO (English)

"Thank you for all of your help with our real estate purchase. The house is a good fit for our needs at the moment and we could not have done it without you. We hope you recover well from your (knee) surgery and send you and Pinky our very best wishes for 2015! "

L&PK; IL (English)

"Thank you sooo much for all of your help, assistance, knowledge, experience, patience and willingness to go above and beyond to help us “City Folks” find and buy our new “Country Home!” It was very comforting to me going through this whole process to know that you were so well-versed in ALL aspects of our transaction (and beyond!) Thank your for all of the errands and fees along the way. Looking forward to many fun experiences together. Many Thanks! "

L

ⅅ FL (English)

"We want to thank your for all of your hard work selling our home. Your persistence, professionalism and meticulous attention to detail very much impressed us. Your advice, whether direct or implied, was always “spot on.” At times it felt like you were single-handedly pushing the train up the hill. We will toast you tonight at out celebration dinner! Again, thank you!!! "

JR;FL (English)

"Lucy certainly knew the right person for me to contact in Steamboat! This information, as well as all the selected current listings, is a great help in my decision process. The listings verified that Steamboat is affordable. It is premature to go any further re specific properties. I’ll g through the links you provided and learn more about your wonderful town. I can’t make any decisions on location until I find someone as knowledgeable as you in Park City and Lake Tahoe. My week here has been both wonderful and informative. Looks like more exploratory trips will be necessary to experience Steamboat in different seasons."

M&DT; CA (English)

"I must honestly express to you that after walking into a real estate office on the recommendation of the wine steward at Hazies, we couldn’t have possibly found anyone more pleasant to work with than yourself! "

JB; WI (English)

"Thanks for all of your work on the closing. As I told you when we bought and built our home in Steamboat, I have never worked with an individual who is so thorough and professional as you. I am happy to say now, almost five years later, I continue to believe that I have never worked with an individual in a professional capacity that is so thorough, professional and fun to work with as you. You are a tribute to your profession and the agency. I wouldn’t think of

working with anyone else in Steamboat other than Steve Downs. Best to your and your Family, Steve. "

Cooperating Broker; Steamboat (English)

"Your professionalism and integrity expound your success in the business. If all of the Realtors had your attention to detail, our image would be the best! "

K&RT; TX (English)

"There were ample opportunities for the transaction to fall apart but it didn’t due in large measure to your knowledge, experience and persistence. K. and I have never had a more professional real estate transaction due in great measure to you. For that, we thank you."

TH; CO (English)

"Yeah, I know you got paid for it, but nothing can be harder for a salesperson than trying to please another salesperson. You did a good job with a tricky situation and I appreciate your “relaxed” professional approach. Please let me know if I can return the favor someday. "

L&RK; CO (English)

"We can’t thank you enough for all of your hard work to make our dream come true! We truly appreciate all you do. Thank you! "

D&LD; TX (English)

"Thank you so much for all of the extra help you gave us in the purchase of our lovely new townhome. You gave us excellent advise and we appreciate you. We hope that the real estate market is picking up in Steamboat and that you will do well! "

BIO

Steve Downs, CRS

EXPERIENCE COUNTS ......Steve has developed his entire real estate career over the past 49+ years right here in Steamboat Springs. He has participated in more than 665 real estate transactions...and counting! Steve is a 1972 marketing graduate of the University of Kentucky. He formed his homeowner association and has served as a Director/Officer in that organization since 1984. Steve earned the certificate of Educational Achievement in Real Estate from the University of Colorado in 1980. He has served in numerous positions on the local Board of Realtors including Treasurer, Director, Professional Standards, MLS Committee, and the Chairperson of the Technology Committee. Steve has twice been honored by his peers as the Steamboat Springs Realtor of the Year in 1991 and 2008. He received the inaugural Steamboat Springs Board of Realtors Distinguished Contributor Award for 2017/2018. Steve earned inclusion in Steamboat Sotheby’s International Realty Global Summit in 2020; the Pinnacle Award in 2021, 2018 and 2017, and the Circle of Excellence Award in 2015 and 2016. Steve earned the Graduate Realtors Institute designation in 1980 and earned the Certified Residential Specialist (CRS) designation in 1990. This designation is earned by less than 4% of all Realtors nationwide. Steve maintains a commitment to all phases of annual continuing education in our industry and conducts his business with the highest standards of Ethical Conduct. Steve and his wife, Pinky, enjoy camping, cross country/back country skiing, snow shoeing, hiking, gardening and travel. Steve is a Life Member of the National Eagle Scout Association, having earned his Eagle Scout rank in 1967. Above all, Steve Downs is committed to service to you, whether a Buyer or a Seller, here in Steamboat Springs, Colorado………. His decades of experience cost you no more. See what his Clients have said about Steve in the Testimonials. Thanks!

Designations: Certified Residential Specialist (CRS), Graduate, REALTOR Institute (GRI)

Town Coverage: Steamboat Springs, Clark, Hayden, Colorado

Cross Property IDX Thumbnail

MLS #: SSS138969 Status: Sold Sub-Type: Single Family

Address: 29445Scrub Oak Path Steamboat Springs, CO 80487 List Price: $585,000

Sold Date: 10/15/2014 Sold Price: $558,000

Property Type: Residential City: Steamboat Springs Area: Elk River Area

Complex/SubD: CRAWFORD RANCH

Bedrooms: 4

Lot SF:67,954

Total Baths: 3.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:08 PM

MLS #: SS3233930 Status: Sold Sub-Type: Single Family

Address: 44575County Road #129 Steamboat Springs, CO 80487List Price: $645,000

Sold Date: 05/27/2020 Sold Price: $645,000

Property Type: Residential City: Steamboat Springs Area: Elk River Area

Complex/SubD: NO DEFINED DEVELOPMENT

Bedrooms: 2 Total Baths: 1.0 Liv Area SF: 1,162

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:09 PM

MLS #: SS3769721 Status: Sold Sub-Type: Single Family Address: 42525Rolling Ridge ROAD Steamboat Springs, CO 80487List Price: $2,400,000

Sold Date: 08/14/2020 Sold Price: $2,200,000

Property Type: Residential City: Steamboat Springs Area: Elk River Area

Complex/SubD: ROLLING RIDGE

Bedrooms: 5 Total Baths: 5.0

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:10 PM

MLS #: SSS171117 Status: Sold Sub-Type: Single Family

Address: 28450County Road #14 Oak Creek, CO 80467

Sold Date: 12/06/2017 Sold Price: $720,000

Property Type: Residential City: Oak Creek Area: Grouse Creek/Blacktail/Henderson Park

Complex/SubD: BLACKTAIL MOUNTAIN ESTATES

Bedrooms: 4

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:11 PM

Lot SF:336,719

MLS #: SSS160261 Status: Sold Sub-Type: Unimproved Land Address: 63725Forest Service Road #490 Clark, CO 80428 List Price: $199,000

Sold Date: 03/03/2016 Sold Price: $168,000

Property Type: Land City: Clark

Area: North Routt

Lot SF:236,095

Complex/SubD: METES AND BOUNDS - NORTH ROUTT Apx Lot Acres:5.42

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:12 PM

MLS #: SSS131392 Status: Sold Sub-Type: Single Family Address: 23628Routt County Rd. #62 #23628 Bounding Main ClaList

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:12 PM

Address: 30835Elk LANE Steamboat Springs, CO 80487

11/21/2013

Property Type: Land City: Steamboat Springs Area: South Valley

STEAMBOAT PINES SUBD Apx Lot Acres:6.25

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:12 PM

MLS #: SSS114831

Address: 30305Blue Grouse LANE Steamboat Springs, CO 80487

Sold Date: 05/12/2006 Sold Price: $360,000

Property Type: Land City: Steamboat Springs Area: South Valley

Complex/SubD: STEAMBOAT PINES SUBD

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:13 PM

#: SS5316047

Address: 30450Elk LANE Steamboat Springs, CO 80487

Sold Date: 01/26/2021 Sold Price: $435,500

Property Type: Land City: Steamboat Springs Area: South Valley

Complex/SubD: STEAMBOAT PINES SUBD

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:14 PM

#: SSS113652

Sold Date: 11/15/2006

Property Type: Land City: Steamboat Springs Area: South Valley

Complex/SubD: METES AND BOUNDS - SOUTH VALLEY

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:14 PM

MLS #: SSS170951

Complex/SubD: NO DEFINED DEVELOPMENT

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:15 PM

MLS #: SSS136184 Status: Sold Sub-Type: Single Family Address: 30900Chickadee LANE Steamboat Springs, CO 80487 List Price: $875,000

Sold Date: 08/27/2013 Sold Price: $805,000

Property Type: Residential City: Steamboat Springs Area: South Valley Approx Lot SF:99,317

Complex/SubD: COUNTRY GREEN SUBDIVISION Apx Lot Acres:2.28

Bedrooms: 5 Total Baths: 3.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:15 PM

MLS #: SS7798005 Status: Sold Sub-Type: Single Family Address: 22060Whitewood DRIVE W Steamboat Springs, CO 8048List Price: $1,200,000

Sold Date: 04/29/2021 Sold Price: $1,175,000

Property Type: Residential City: Steamboat Springs Area: South Valley

Complex/SubD: WHITEWOOD SUBDIVISION Apx Lot Acres:7.84

Bedrooms: 4 Total Baths: 4.0 Liv Area SF: 3,367

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:16 PM

MLS #: SSS122820 Status: Sold Sub-Type: Address: 30435Lakeshore TRAIL Steamboat Springs, CO 80487 List Price: $1,600,000

Sold Date: 08/11/2008 Sold Price: $1,500,000

Property Type: Residential City: Steamboat Springs Area: South Valley Approx Lot SF:

Complex/SubD: LAKE CATAMOUNT SUBD Apx Lot Acres:

Bedrooms: 3 Total Baths: 4.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:17 PM

MLS #: SSS161592

Status: Sold Sub-Type: Single Family

Address: 30365Deer LANE Steamboat Springs, CO 80487 List Price: $1,975,000

Sold Date: 02/06/2018 Sold Price: $1,830,000

Property Type: Residential City: Steamboat Springs Area: South Valley

Complex/SubD: STEAMBOAT PINES SUBD

Bedrooms: 5 Total Baths: 5.0 Liv Area SF: 4,796

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:17 PM

MLS #: SSS116624 Status: Sold Sub-Type: Residential Improved Land

Address: 1085Uncochief Steamboat Springs, CO 80487 List Price: $499,000

Sold Date: 10/23/2006 Sold Price: $450,000

Property Type: Land City: Steamboat Springs Area: Downtown Area

Complex/SubD: CAMPBELL SUBD

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:17 PM

MLS #: SSS135789

Property Type: Residential City: Steamboat Springs Area: Downtown Area

Complex/SubD: FAIRVIEW ADD TO SS

Bedrooms: 4 Total Baths: 2.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:18 PM

Address: 1081Uncochief Steamboat Springs, CO 80487

Sold Date: 09/14/2007 Sold Price: $520,000

Property Type: Land City: Steamboat Springs Area: Downtown Area

Complex/SubD: CAMPBELL SUBD

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:18 PM MLS #: SSS113391

Address: 428Pine Steamboat Springs, CO 80487

Sold Date: 10/02/2006 Sold Price: $550,000

Property Type: Residential City: Steamboat Springs Area: Downtown Area

Complex/SubD: 1ST ADD TO STEAMBOAT SPRINGS

Bedrooms: 2

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:19 PM

MLS #: SSS171880 Status:

Address: 62Woods DRIVE Steamboat Springs, CO 80487

Sold Date: 12/22/2017 Sold Price: $560,000

Property Type: Residential City: Steamboat Springs Area: Downtown Area

Complex/SubD: DEERFOOT HEIGHTS

Lot SF:6,970

Lot Acres:0.16

$595,000

Bedrooms: 3 Total Baths: 3.0 Liv Area SF: 1,968

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:19 PM

MLS #: SSS138342 Status:

Address: 1141Thornburg Steamboat Springs, CO 80487

Sold Date: 04/23/2014 Sold Price: $575,000

Property Type: Residential City: Steamboat Springs Area: Downtown Area Approx Lot SF:11,326

Complex/SubD: YAHMONITE ADD TO SS Apx Lot Acres:0.26

Bedrooms: 4 Total Baths: 3.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:20 PM

MLS #: SSS112868

Status: Sold Sub-Type: Single Family

Address: 1245Buckskin DRIVE Steamboat Springs, CO 80487 List Price: $930,000

Sold Date: 06/05/2007 Sold Price: $925,000

Property Type: Residential City: Steamboat Springs Area: Downtown Area

Complex/SubD: VILLAGE GREEN HIGHLANDS

Bedrooms: 4

Total Baths: 3.0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:20 PM

MLS #: SSS116926

Lot SF:16,988

Status: Sold Sub-Type: Single Family

Address: 1070Uncochief CIRCLE Steamboat Springs, CO 80487 List Price: $984,000

Sold Date: 04/05/2007 Sold Price: $957,000

Property Type: Residential City: Steamboat Springs Area: Downtown Area

Complex/SubD: CAMPBELL SUBD

Bedrooms: 5 Total Baths: 4.0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:21 PM

MLS #: SSS113396 Status: Sold

Address: 442Pine STREET Steamboat Springs, CO 80487

Sold Date: 10/02/2006 Sold Price: $1,250,000

Property Type: Residential City: Steamboat Springs Area: Downtown Area

Complex/SubD: 1ST ADD TO STEAMBOAT SPRINGS

Bedrooms: 4

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:21 PM

SSS136585 Status:

Property Type: Residential City: Steamboat Springs Area: Fish Creek Area

Complex/SubD: EAGLEPOINTE SUBDIVISION

Bedrooms: 4

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:22 PM

MLS #: SSS136298

Sold Date: 09/23/2013 Sold Price: $470,000

Property Type: Residential City: Steamboat Springs Area: Fish Creek Area

Complex/SubD: WILLETT RIDGE SUBDIVISION

Bedrooms: 3 Total Baths: 3.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:22 PM

MLS #: SSS139833 Status: Sold Sub-Type: Single Family Address: 714Sandhill CIRCLE Steamboat Springs, CO 80487

$599,000 Sold Date: 11/03/2014 Sold Price: $540,000

Property Type: Residential City: Steamboat Springs Area: Fish Creek Area

Complex/SubD: EMERALD KNOLL

Bedrooms: 5 Total Baths: 3.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:23 PM

MLS #: SS8649783 Status:

Address: 530Wyatt WAY Steamboat Springs, CO 80487

Sold Date: 04/12/2019 Sold Price: $585,000

Property Type: Residential City: Steamboat Springs Area: Fish Creek Area

Complex/SubD: TAMARACK POINT SUBDIVISION Apx Lot Acres:0.12

Bedrooms: 4 Total Baths: 4.0 Liv Area SF: 1,980

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:24 PM

MLS #: SSS170467

Status: Sold Sub-Type: Townhouse

Address: 305Primrose Ln #A Steamboat Springs, CO 80487 List Price: $650,000

Sold Date: 12/05/2017 Sold Price: $630,000

Property Type: Residential City: Steamboat Springs Area: Fish Creek Area

Complex/SubD: OUT OF STANDARD AREA

Bedrooms: 4

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:25 PM

MLS #: SSS116581 Status: Sold

Address: 1292Anglers DRIVE Steamboat Springs, CO 80487 List

Sold Date: 11/30/2006 Sold Price: $1,200,000

Property Type: Residential City: Steamboat Springs Area: Fish Creek Area

Complex/SubD: FISH CREEK MEADOWS

Bedrooms: 4

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:25 PM

MLS #: SSS137907 Status: Sold Sub-Type: Condo

Address: 1300Athens Plaza, #10 Steamboat Springs, CO 80487 List

Sold Date: 01/31/2014 Sold Price: $102,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: WALTON VILLAGE CONDO

Bedrooms: 1

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:26 PM

MLS #: SSS135844 Status: Sold Sub-Type: Condo Address: 2200Apres Ski Way, #303 Steamboat Springs, CO 80487List Price: $115,000

Sold Date: 04/17/2013 Sold Price: $115,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: SNOW FLOWER CONDOS Apx Lot Acres:

Bedrooms: 1 Total Baths: 1.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:26 PM

MLS #: SSS133416 Status: Sold Sub-Type:

Address: 1555Shadow Run Ct., #D-303 Steamboat

03/20/2012

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: SHADOW RUN CONDOS Apx Lot Acres: Bedrooms: 2

Total Baths: 2.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:26 PM

MLS #: SSS135143 Status: Sold Sub-Type: Address: 16Redwood Ct. Steamboat Springs, CO 80487 List

Sold Date: 11/15/2012 Sold Price: $137,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: WHISTLER VILLAGE TOWNHOMES

Bedrooms: 2

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:27 PM

MLS #: SSS138068 Status: Sold Sub-Type: Condo Address: 1945Cornice Rd #2103 #Rockies A-103 Steamboat SprinList Price: $147,000

Sold Date: 06/04/2014 Sold Price: $139,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: ROCKIES CONDO

Bedrooms: 1 Total Baths: 1.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:27 PM

MLS #: SSS136887

Status: Sold Sub-Type: Condo

Address: 1945Cornice Road, Door #2321 Steamboat Springs, CO List Price: $235,000

Sold Date: 11/18/2013 Sold Price: $222,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: ROCKIES CONDO Apx Lot Acres:

Bedrooms: 2 Total Baths: 2.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:28 PM

MLS #: SSS115526 Status: Sold Sub-Type: Condo

Address: 1800Burgess Creek Rd., #106 Steamboat Springs, CO 80List Price: $239,000

Sold Date: 09/15/2006 Sold Price: $235,500

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: STORMWATCH AT STEAMBOAT CONDO Apx Lot Acres:

Bedrooms: 1 Total Baths: 2.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:28 PM

MLS #: SSS133627 Status: Sold Sub-Type:

Address: 2800Eagleridge Dr., #C-4 (Windsor III) Steamboat SpriList Price: $249,000

Sold Date: 05/31/2012 Sold Price: $249,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: MEADOWS AT EAGLERIDGE

Bedrooms: 2

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:28 PM

MLS #: SSS139797 Status: Sold Sub-Type: Condo Address: 1355Walton Creek Rd., #20 Steamboat Springs, CO 804List Price: $275,000

Sold Date: 10/24/2014 Sold Price: $255,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: WALTON CREEK CONDO Apx Lot Acres:

Bedrooms: 3 Total Baths: 3.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:29 PM

MLS #: SSS138649 Status: Sold Sub-Type:

05/07/2015

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: STORM MEADOWS CONDOS Apx Lot Acres:

Bedrooms: 2

Total Baths: 2.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:29 PM

MLS #: SSS119158 Status: Sold Sub-Type: Address: 1555Shadow Run Ct., #109 Steamboat Springs, CO 8048List Price: $274,000

Sold Date: 11/20/2007 Sold Price: $265,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: SHADOW RUN CONDOS

Bedrooms: 2

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:30 PM

MLS #: SSS115217 Status: Sold Sub-Type: Address: 2700Village Dr., #E-204 Steamboat Springs, CO 80487 List Price: $285,000

Sold Date: 09/28/2006 Sold Price: $270,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: LODGE AT STEAMBOAT CONDO Apx Lot Acres:

Bedrooms: 2 Total Baths: 2.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:30 PM

MLS #: SSS124626 Status: Sold Sub-Type: Condo

Address: 2700Village Drive, #A-104 Steamboat Springs, CO 8048List Price: $325,000

Sold Date: 03/17/2010 Sold Price: $283,500

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: LODGE AT STEAMBOAT CONDO

Bedrooms: 2

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:30 PM

MLS #: SS9219849 Status: Sold Sub-Type: Condo

Address: 1920Ski Time Square DRIVE #403 Steamboat Springs, CList Price: $288,000

Sold Date: 12/20/2019 Sold Price: $285,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: SKI TIME SQUARE

Bedrooms: 1

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:32 PM

MLS

SSS127225

Address: 2700Village Dr., #A-202 Steamboat Springs, CO 80487

Sold Date: 06/11/2010 Sold Price: $285,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: LODGE AT STEAMBOAT CONDO

Bedrooms: 2

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:32 PM MLS #: SSS141253 Status: Sold Sub-Type: Condo Address: 2305Storm Meadows Dr., #320 Steamboat Springs, CO 8List Price: $319,000

Sold Date: 09/17/2015 Sold Price: $310,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: STORM MEADOWS CONDOS Apx Lot Acres: Bedrooms: 2 Total Baths: 2.0 Liv Area SF: 0

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:32 PM

MLS #: SSS124792 Status: Sold Sub-Type: Condo

Address: 1920Ski Time Square Drive, #306 Steamboat Springs, CList Price: $349,000

Sold Date: 05/20/2009 Sold Price: $318,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: SKI TIME SQUARE Apx Lot Acres:

Bedrooms: 2

Total Baths: 2.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:33 PM

MLS #: SSS162130 Status: Sold Sub-Type: Condo Address: 2950Columbine Drive, 304 Steamboat Springs, CO 8048List Price: $324,000

Sold Date: 08/24/2017 Sold Price: $320,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: MEADOWS CONDO Apx Lot Acres:

Bedrooms: 2 Total Baths: 1.0 Liv Area SF: 0

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:33 PM

MLS #: SSS138560 Status: Sold Sub-Type: Condo

Address: 3425Covey Circle, #6 #Quail Run #606 Steamboat SprinList Price: $325,000

Sold Date: 08/27/2014 Sold Price: $321,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Approx Lot SF:

Complex/SubD: QUAIL RUN CONDO Apx Lot Acres:

Bedrooms: 2 Total Baths: 2.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:34 PM

MLS #: SSS171817

Status: Sold Sub-Type: Condo

Address: 1485Mustang Run #C Steamboat Springs, CO 80487 List Price: $379,000

Sold Date: 11/21/2017 Sold Price: $379,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: MUSTANG RUN CONDOS Apx Lot Acres:

Bedrooms: 2 Total Baths: 2.0 Liv Area SF: 1,249

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:35 PM

MLS #: SSS137012 Status: Sold Sub-Type: Condo Address: 3365Covey CIRCLE Steamboat Springs, CO 80487 List Price: $395,000

Sold Date: 10/09/2013 Sold Price: $385,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Approx Lot SF:

Complex/SubD: QUAIL RUN CONDO Apx Lot Acres:

Bedrooms: 3 Total Baths: 3.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:35 PM

MLS #: SS4235676

Address: 2800Village DRIVE #1203 Steamboat Springs, CO

10/30/2018

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: TRAPPEURS CROSSING CONDOS

2

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:36 PM MLS #: SS5028917 Status:

10/06/2021 Sold Price: $422,500

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Lot SF:

Complex/SubD: WHISTLER VILLAGE TOWNHOMES Apx Lot Acres: Bedrooms: 2 Total Baths: 2.0 Liv Area SF: 968

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:37 PM

MLS #: SSS116679 Status: Sold Sub-Type:

Address: 500Anglers Drive, #203 Steamboat Springs, CO 80487 List Price: $435,000

Sold Date: 11/21/2006 Sold Price: $431,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Approx Lot SF:

Complex/SubD: SUNDANCE CREEK CONDOMINIUMS Apx Lot Acres:

Bedrooms: 2

Total Baths: 2.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:37 PM

MLS #: SSS115835 Status: Sold Sub-Type: Condo

Address: 2420Ski Trail Ln., #409 Steamboat Springs, CO 80487 List Price: $449,000

Sold Date: 09/15/2006 Sold Price: $440,500

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: BEAR CLAW CONDOS Apx Lot Acres: Bedrooms: 2 Total Baths: 2.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:38 PM

MLS #: SSS138490 Status: Sold Sub-Type: Single Family

Address: 1766Timothy DRIVE Steamboat Springs, CO 80487 List Price: $595,000

Sold Date: 08/14/2014 Sold Price: $563,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Approx Lot SF:11,326

Complex/SubD: WHISTLER MEADOWS SUBD Apx Lot Acres:0.26

Bedrooms: 5 Total Baths: 3.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:38 PM

MLS #: SSS114141

Address: 1502Cascade DRIVE Steamboat Springs, CO 80487 List

$599,000 Sold Date: 02/03/2006 Sold Price: $579,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: CASCADES AT EAGLERIDGE THMS

Bedrooms: 4

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:39 PM MLS #: SSS142164

Address: 3022Ridge ROAD Steamboat Springs, CO 80487

Sold Date: 06/08/2017 Sold Price: $582,000

Property Type: Land City: Steamboat Springs Area: Mountain Area

Complex/SubD: RENDEVOUS TRAILS SUBDIVISION

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:39 PM MLS #: SS7685601 Status: Sold

Complex/SubD: COLUMBINE TOWNHOMES

3

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:40 PM

11/21/2006

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: CORNERSTONE

3

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:40 PM MLS #: SSS171566 Status:

3300Apres

06/01/2018

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: MOUNT WERNER MEADOWS AMENDED

Bedrooms: 3

Courtesy of Steamboat Sotheby's International Realty Prepared By: - . Generated on 05/20/2024 4:24:41 PM

MLS #: SSS138814 Status: Sold Sub-Type: Address: 2756Cross Timbers TRAIL Steamboat Springs, CO 80487List Price: $649,000

Sold Date: 12/12/2014 Sold Price: $633,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Lot SF: Complex/SubD: CROSS TIMBERS AT STEAMBOAT

3

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:41 PM

MLS #: SS6101352 Status: Sold Sub-Type: Condo Address: 2883Burgess Creek ROAD #102 Steamboat Springs, COList Price: $635,000

Sold Date: 05/18/2022 Sold Price: $635,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Lot SF: Complex/SubD: SCANDINAVIAN LODGE

Lot Acres:

Bedrooms: 1 Total Baths: 2.0 Liv Area SF: 873

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:42 PM

MLS #: SSS129782 Status: Sold Sub-Type: Address: 2685Timber COURT Steamboat Springs, CO 80487 List Price: $699,000

Sold Date: 05/18/2011 Sold Price: $659,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: CROSS TIMBERS AT STEAMBOAT

Bedrooms: 3

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:42 PM

MLS #: SS8180704 Status: Sold Sub-Type: Townhouse Address: 1452Moraine CIRCLE #19 Steamboat Springs, CO 80487List Price: $669,900

Sold Date: 07/17/2020 Sold Price: $660,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: CORNERSTONE

Bedrooms: 3

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:43 PM

MLS #: SSS120060

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: STEAMBOAT VILLAGE PLAZA

2

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:43 PM

Property Type: Land City: Steamboat Springs Area: Mountain Area

Complex/SubD: RUNNING BEAR

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:44 PM

Date: 12/18/2018 Sold Price: $800,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: FAIRWAY MEADOWS SUBDIVISION

Bedrooms: 3 Total Baths: 3.0 Liv

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:45 PM

MLS #: SSS162301 Status: Sold Sub-Type: Duplex

Address: 1546/1548Mark Twain COURT Steamboat Springs, CO 8List Price: $865,000 Sold Date: 06/15/2017 Sold Price: $825,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: FAIRWAY MEADOWS SUBDIVISION Apx Lot Acres:0.39

Bedrooms: 6 Total Baths: 3.0 Liv Area SF: 0

Courtesy of Steamboat Sotheby's International Realty Prepared By: - . Generated on 05/20/2024 4:24:45 PM

MLS #: SSS171223 Status: Sold Sub-Type: Single Family

Address: 2965Alpenglow WAY Steamboat Springs, CO 80487 List Price: $1,250,000

Sold Date: 10/20/2017 Sold Price: $1,125,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:28,750

Complex/SubD: SKI RANCHES SUBDIVISION Apx Lot Acres:0.66

Bedrooms: 7 Total Baths: 7.0 Liv Area SF: 0

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:46 PM

MLS #: SSS132697

Status: Sold Sub-Type: Townhouse

Address: 2039Indian Summer DRIVE #"Ponderosa" Floor Plan StList Price: $1,500,000

Sold Date: 12/15/2014 Sold Price: $1,425,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: PORCHES/MORE'S Apx Lot Acres:

Bedrooms: 5 Total Baths: 7.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:46 PM

MLS #: SSS131630

Status: Sold Sub-Type:

Address: 2780Trails Edge Steamboat Springs, CO 80487 List Price: $1,750,000

Sold Date: 07/11/2011 Sold Price: $1,475,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:

Complex/SubD: RENDEVOUS TRAILS SUBDIVISION Apx Lot Acres: Bedrooms: 5 Total Baths: 4.0 Liv Area SF: 0

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:46 PM

MLS #: SS2734059 Status: Sold Sub-Type: Condo Address: 1800Medicine Springs DRIVE #5301 Steamboat SpringsList Price: $1,800,000

Sold Date: 12/05/2023 Sold Price: $1,775,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Lot SF: Complex/SubD: TRAPPEURS CROSSING CONDOS

3

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:46 PM

MLS #: SSS162113 Status: Sold Sub-Type: Duplex Address: 1530Kinnikinnick LANE Steamboat Springs, CO 80487 List Price: $1,950,000

Sold Date: 09/14/2017 Sold Price: $1,800,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area Approx Lot SF:23,087

Complex/SubD: RENDEVOUS TRAILS SUBDIVISION Apx Lot Acres:0.53

Bedrooms: 8 Total Baths: 5.0 Liv Area SF: 0

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:47 PM

MLS #: SS5207581 Status: Sold Sub-Type: Address: 2975Mountaineer CIRCLE #7B Steamboat Springs, CO 8List Price: $1,850,000

Sold Date: 03/24/2023 Sold Price: $1,875,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Lot SF:

Complex/SubD: MOUNTAINEER Apx Lot Acres:

Bedrooms: 4 Total Baths: 4.0 Liv Area SF: 2,694

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:48 PM

MLS #: SS8029880 Status: Sold Sub-Type: Address: 2812Trails Edge Steamboat Springs, CO 80487 List Price: $2,190,000

Sold Date: 05/20/2020 Sold Price: $1,900,000

Property Type: Residential City: Steamboat Springs Area: Mountain Area

Complex/SubD: VIKING LODGE

5

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:49 PM

MLS #: SSS106781

Address: 32750RCR 38 Steamboat Springs, CO 80487

Sold Date: 01/10/2007 Sold Price: $485,000

Property Type: Land City: Steamboat Springs Area: Strawberry Park

Complex/SubD: STRAWBERRY PARK BUFFALO PASS

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:49 PM

MLS #: SSS106782

Address: 32700RCR 38 Steamboat Springs, CO 80487 List Price: $1,100,000

Sold Date: 01/10/2007 Sold Price: $985,000

Property Type: Land City: Steamboat Springs Area: Strawberry Park

STRAWBERRY PARK BUFFALO PASS

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:50 PM MLS #: SSS117576

Address: 32750Routt County #38 Steamboat Springs, CO 80487 List Price: $1,250,000 Sold Date: 01/15/2008 Sold Price: $1,190,000

Property Type: Land City: Steamboat Springs Area: Strawberry Park

Complex/SubD: STRAWBERRY PARK BUFFALO PASS

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:50 PM

MLS #: SSS128036

Property Type: Residential City: Steamboat Springs Area: West Steamboat / US 40

Complex/SubD: STEAMBOAT II SUBDIVISION

3

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:50 PM

08/08/2008

Property Type: Residential City: Steamboat Springs Area: West Steamboat / US 40

SF:17,860 Complex/SubD: STEAMBOAT II SUBDIVISION

Bedrooms: 3

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

Prepared By: - . Generated on 05/20/2024 4:24:51 PM

04/12/2007

Property Type: Residential City: Steamboat Springs Area: West Steamboat / US 40

Complex/SubD: HERITAGE PARK

Bedrooms: 3

Courtesy of STEAMBOAT VILLAGE BROKERS, LTD.

3.0

Prepared By: - . Generated on 05/20/2024 4:24:51 PM

MLS #: SS6334880 Status: Sold Sub-Type: Single Family Address: 38615Klein ROAD Steamboat Springs, CO 80487 List Price: $1,890,000

Sold Date: 05/17/2021 Sold Price: $1,795,000

Property Type: Residential City: Steamboat Springs Area: West Steamboat / US 40

Complex/SubD: NO DEFINED DEVELOPMENT

Bedrooms: 4 Total Baths: 4.0 Liv Area SF: 4,048

Courtesy of Steamboat Sotheby's International Realty

Prepared By: - . Generated on 05/20/2024 4:24:52 PM

In 2023, record-low inventory was reflected in the number of listings sold and active residential listings. This scarcity of available properties, coupled with a notable 8% surge in the median sales price and a 12% increase in price per sq ft, reaching $784, created an advantageous environment for sellers to capitalize on.

Despite favorable conditions for sellers, Steamboat's real estate market continues to grapple with a persistent inventory shortage. In some pockets

of the market, we see longer days on the market, particularly properties that fall in the rental zones that no longer allow short-term rentals. However, amidst this scarcity, the mountain region stands out as relatively unaffected, with condos and townhomes comprising a significant portion of properties sold.

A discernible uptick in land sales and properties in nearby areas (like Hayden) that offer increased affordability indicates a shift in buyer preferences towards alternative entry points into

REAL ESTATE SNAPSHOT – PAST 19 YEARS

Total MLS Number of Listings, Units Sold and Dollar Volume

ROUTT COUNTY PRICE POINT SUMMARY

Less than $200,000

$200,001 to $300,000

$300,001 to $400,000

$400,001 to $500,000

$500,001 to $600,000

$600,001 to $700,000

$700,001 to $800,000

$800,001 to $900,000

$900,001 to $1,000,000

$1,000,001 to $1,500,000

$1,500,001 to $2,000,000

$2,000,001 to $2,500,000

$2,500,001 to $3,000,000

Over $3,000,000

$195,000

$1,407,200

$13,073,900

$18,659,600

$20,898,585

$29,506,125

$34,281,040

$41,783,150

$38,293,912

$130,928,022

$169,528,858

$89,980,272

$51,434,019

$239,924,406

the resort market. Interestingly, our high-end market is still experiencing multiple offers on most new listings. Steamboat’s total sales were down for the year, but prices continued to rise. Steamboat remains below the median for the average price and units sold compared to other mountain resort markets.

Despite hurdles of low inventory and high interest rates, demand remains strong among buyers making more cautious and educated decisions.

$1,035,148,495 $1,273,213,514 $1,632,212,535

SPRINGS –

FISH CREEK AND

AREAS Median Price Sold, Units Sold and Average Days on Market

$200K $0

STEAMBOAT COMPARED TO OTHER RESORTS

2023 Average Sold Price and Units Sold • Condominiums, Towhomes & Single Family Homes

$4,000,000

$3,500,000

$3,000,000

$2,500,000

1,800 1,600 1,400 1,200 1,000 800 600 400 200 0

Resort Report

Resort Report

2023 YEAR IN REVIEW

The real estate market has stabilized in resort towns throughout the Western United States since the frenzied pace seen in 2021-2022. In 2023, there was a dip in several key metrics, including the number of properties sold and sales volume. However, the average sold price increased in 14 of 17 resort communities across the Mountain West profiled in this report. This average increase was 12.42%, demonstrating buyers’ ongoing desire for areas that offer yearround recreation like skiing, hiking, fly-fishing, and golf. Destinations with the largest jump in sold prices were Park City, Utah; Big Sky, Montana; and Sun Valley, Idaho. The average price per square foot also rose in 12 resort areas, ticking up by 4.5% in 2023.

These scenic locales, with access to national forest and a variety of outdoor activities, had limited

inventory throughout 2023, resulting in a decline in sales volume, which dipped by an average of 10.7% overall. Rising home prices and a decrease in new construction within several resort areas contributed to less buyer demand this past year. Homeowners were also less inclined to sell as they were happy with their current property and location, adding to the lack of inventory available for buyers.

The annual Steamboat Sotheby’s International Realty Resort Report provides analysis for the markets of Aspen, Beaver Creek, Breckenridge, Crested Butte, Snowmass Village, Steamboat Springs, Telluride, Vail, and Winter Park in Colorado; Park City, Utah; Sandpoint and Sun Valley, Idaho; Jackson Hole, Wyoming; Big Sky and Whitefish, Montana; and North and South Lake Tahoe, California/Nevada.

The rivers, lakes, and towering peaks of the Mountain West offer adventure opportunities throughout the year, along with expanded options for dining, entertainment, and shopping.

Property sales are likely to be affected by inventory constraints as buyers seek out primary residences, vacation homes, and investment opportunities in resort communities with limited building space.

Prices are expected to continue to rise as lifestyle-inspired home purchases drive the market within these highly desirable resort destinations.

1. Steamboat Springs, CO

2. Winter Park, CO

3. Breckenridge, CO

4. Vail & Beaver Creek, CO

5. Aspen, CO

6. Snowmass Village, CO

7. Crested Butte, CO

8. Telluride, CO

9. Park City, UT

10. Jackson Hole, WY

11. Big Sky, MT

12. Whitefish, MT

13. Sun Valley, ID

14. Sandpoint, ID

15. North Lake Tahoe, CA/NV 16. South Lake Tahoe, CA/NV

“Steamboat’s market is still experiencing a dearth of inventory. In some pockets of the market, we see longer days on the market, particularly properties that fall in the rental zones that no longer allow short-term rentals. On the other hand, our high-end market is still experiencing multiple offers on most new listings. It’s an interesting dichotomy. Overall, Steamboat’s total sales were down for the year, but prices continued to rise.”

Jill Limberg

Managing Broker, Steamboat Sotheby’s International Realty

“Winter Park saw an increase in price per square foot, as we deal with limited inventory in Grand County. Buyers recognize the appeal of everything provided by this community: access to Grand Lake, ski resorts, hiking, fly-fishing, and just a quick trip from the Front Range.”

Larry Hutton

Vice President & Managing Broker, LIV Sotheby’s International Realty, Summit County & Grand County

Steamboat Springs, CO

Winter Park, CO

Breckenridge, CO

“The local market held steady compared to the previous year, as buyers still have a high level of interest in owning real estate in world class ski and outdoor lifestyle locations such as Breckenridge. The rise in days on market allows those buyers more time to make decisions compared to the brisk transaction tempo we saw in 2021–2022.”

Larry Hutton

Vice President & Managing Broker, LIV Sotheby’s International Realty, Summit County & Grand County

Vail & Beaver Creek, CO

“The demand for our world class resort continues to exceed the supply of available properties. Situated on an island amid national forest, only 21% of our county is private land. Prices are not only holding, they experienced a 9.4% YOY increase – the highest in history. We continue to hit record high dollar volume despite having 25% less transactions than before the pandemic. Cautiously optimistic, we anticipate a more balanced market in 2024.”

Alex Griffin

Vice President & Managing Broker, LIV Sotheby’s International Realty, Vail Valley

Entire MLS for Summit County

“The Aspen real estate market experienced another impressive year, characterized by a continued focus on luxury properties. The properties listed for $20M+ continued to appeal and sell with 26 closed sales, including 7 over $40M. This trend is expected to continue throughout 2024, provided that quality inventory remains available to meet the demand for high net worth individuals. Buyers, of all price points, continue to find high value in the Aspen lifestyle.”

Tracy & Bubba Eggleston Broker Associates, Aspen Snowmass Sotheby’s International Realty

“After three years where sales nearly doubled compared with new inventory, Snowmass has recently added some new options (mostly condos), providing buyers with more choice. Single-family homes and vacant lot opportunities remain extremely low. While the demand is expected to continue, re-sales will be on the horizon by late 2024/2025 adding opportunities. My expectation by year’s end is to see a more level market in terms of active buyers and sellers.”

Garrett Reuss

Partner & Broker Associate, Aspen Snowmass Sotheby’s International Realty

Aspen, CO

Snowmass Village, CO

Crested Butte, CO

“The discovery of Crested Butte continued in 2023 with the highest sale setting a market record of $10M, a 35% increase from the previous year. The average sold price also reached new heights at over $1M, a 14.9% increase YOY. While the number of properties sold was down compared to the “COVID years,” demand continues to exceed supply and our quaint community is “on the map,” providing the adventurous lifestyle that today’s buyer is searching for.”

Jaima Giles-Alsum

Vice President & Managing Broker, LIV Sotheby’s International Realty, Crested Butte

Telluride, CO

“Telluride continues to be a very desirable market for buyers, as evidenced by strong demand, rising prices, and limited inventory in 2023. We saw double-digit increases in average sold prices and highest sold prices last year as demand outpaced supply. As clients are drawn to world-class skiing, renowned festivals, and endless recreation opportunities in the San Juan Mountains, our team provides local expertise coupled with an international scope for marketing properties.”

Peggy Raible

Vice President & Managing Broker, LIV Sotheby’s International Realty, Telluride

“Park City’s resort market is summed up in one word: bifurcated. The demand for correctly priced new construction or improved properties remains strong. Homes positioned beyond fair market value, or requiring extensive updates, are being passed over by buyers. Deer Valley’s expansion and Utah’s bid for the 2034 Olympics have fueled momentum into real estate, from both traditional and emerging feeder markets.”

Thomas Wright CEO and Principal Broker, Summit Sotheby’s International Realty

“Sales within the luxury home segment continued to carry the Jackson Hole market in 2023 as inventory levels remain constrained in Teton County. Of the nearly $1B in sales activity for the region, 50 homes with a listing price of $5M or greater accounted for $515M of the overall sales volume. In other words, roughly one-fifth of the transactions yielded more than half of the sales volume In Jackson Hole last year.”

Donna Clinton

Managing Broker & Chief Operating Officer, Jackson Hole Sotheby’s International Realty

Park City, UT

Jackson Hole, WY

Big Sky, MT

“Celebrating 50 years, the Big Sky Resort unveiled the new Lone Peak Tram, rising 2,142 feet to expert terrain off the peak. Our market is also reaching new heights while limited inventory affects our total sales volume. The top 10% of our market increased from an average YOY sales price of $7,038,996 to $8,453,498. Exceptional mountain living and exclusive club amenities continue to attract buyers that value Big Sky’s rugged yet refined lifestyle.”

Mitch Immenschuh

Managing Broker, Big Sky Sotheby’s International Realty

Whitefish, MT

“There were significant residential sales in 2023, specifically at Whitefish Mountain Resort, demonstrating the strength of the the luxury market and continued demand. Whitefish prices have stabilized after post-pandemic peaks in 2021. With Glacier National Park in our backyard, year-round visitation grows annually. The $100M expansion of Glacier Park International Airport will triple the terminal size and add new airlines, easing access to Whitefish.”

Stephanie Skinnner

Real Estate Professional, Glacier Sotheby’s International Realty

“After a market normalization in 2022 (post the COVID boom), Sun Valley is thriving! Sales volume was up 11.9% and the average sales price increased by 23% in 2023. As we enter 2024, strong demand is met with a limited supply of 166 residential units. Market dynamics combined with Sun Valley’s ability to maintain an authentic mountain community experience that many prefer, I anticipate a robust future in our real estate market.”

Nick Maricich

Managing Broker, Sun Valley Sotheby’s International Realty

“Schweitzer Mountain Resort is the largest ski area in Idaho and Washington, offering over 2,900 acres of incredible terrain and amazing views. The overall market for our region has cooled through 2023 and appears to be stabilized as we aim for 2024. Inventory remains low and prices are stable. Our big news is Alterra Mountain Company’s purchase of Schweitzer’s operations business. This is a promise of great things to come for the mountain and surrounding communities.”

Chris Neu

Associate Broker, Tomlinson Sotheby’s International Realty

Sun Valley, ID

Sandpoint, ID

North Lake Tahoe, CA & NV

“After a record setting winter in 2023, with over 56 feet of snow falling on the Sierra Nevada’s, the Reno/Tahoe/Truckee market saw a dip in the number of transactions closed but finished the year strong in Q4 of 2023, outperforming 2022 by nearly 12%. Buyers took advantage of strategically priced properties and with the recent news regarding inflation cooling, we are optimistic that Q4’s success will carry over into 2024.”

Anne Wulff

Vice President and Managing Broker, Sierra Sotheby’s International Realty

South Lake Tahoe, CA & NV

“In navigating the impact of last winter’s record snowfall in the Tahoe region, we are poised for a brighter future ahead. This period of adaptation signifies our commitment to overcoming obstacles and sets the stage for renewed opportunities in the coming year. We have continued to see overwhelming steady growth in the Tahoe region and expect this trend to continue throughout 2024.”

Jenny Johnson

President & Managing Broker, Sierra Sotheby’s International Realty