February 2023 Newsletter
CONSTRUCTION AT RIVERVIEW!!
All of us at TPG have been working on Riverview since 2016. It is beyond exciting to finally see construction activity at the riverside community. Lots C1-3 and C1-4 broke ground on single family homes along the river. While these are custom homes, we will keep you posted on how the construction evolves. Currently there is one lot for sale along the river, call us at 970-819-1432 for more information.
FUN WITH NUMBERS:
Following up on last month’s commentary about lower activity in the real estate market, here is a quick look at a few interesting charts:
*Surprise – it was snowing when we took the photo!
*The above chart is for all residential sales with a Steamboat Springs address.
The average single family home price in this same search came in at approximately $3,500,000. This seemed crazy, so we looked at the “median” home price. As the first chart shows, inventory is low and a few high-priced homes were skewing the numbers. That being said, a 100% increase in median home price from 2020 is huge. Considering the cost of construction, lack of new development, and consistent demand, we are not sure how this corrects.
Since the single-family jump was so interesting, we had to look at condos.
Stay tuned as we have more interesting data coming in the next few months.
WINTER CARNIVAL A LOCAL KID’S PERSPECTIVE:
Jessica Colombo was born in Steamboat and recently graduated from Colorado State University with a degree in Journalism. Everyone knows about the winter carnival, so we thought it would be fun to share the perspective of a local Steamboat kid.
“As a young girl, if you had asked me what I wanted to be when I grew up, I would have said a princess, and it was a far-fetched dream until one Winter Carnival.
Something about this winter festival as a kid is so mystical. Like when you’re younger, you can almost feel Christmas in the air. Something shifts on the first day of December; the snow sparkles a little more, and every snowfall welcomes Santa’s upcoming arrival. Winter Carnival is the same. February comes knocking, and the town of Steamboat Springs becomes a bit more magical.
Like clockwork, February rolled around, and the snow began to feel slightly more exciting. Finally, Winter Carnival was coming, and that year my dream came true; I was going to be a Winter Carnival Princess. I’ll never forget the feeling of being in the parade wearing my sash and tiara or watching my hometown cheer for their little winter princesses. Each year I collected more incredible memories that made Winter Carnival for me something unique, an experience that I can only share with the town that raised me.
I’m 24 now and moved away from Steamboat 5 years ago, but when that special weekend in February comes around, and the snow feels like it did all those years ago, I make the trek to my mountain town to celebrate Winter Carnival, and I have yet to miss a year.”
Saturday, 2/11 from 9am - 1pm: Stop by our office to warm up with hot chocolate, coffee & pastries!
FEATURED LISTING: PTARMIGAN HOUSE #30, 2322 APRES SKI WAY SKI-IN/SKI-OUT IN STEAMBOAT SPRINGS COLORADO
4 BEDROOMS | 3 BATH | 1,657 SQ FT LINK TO THE LISTING
• True ski-in/ski-out location at Ptarmigan House.
• Remodeled down to the studs to the highest standard.
• Open floor plan with hardwood floors and a chef’s kitchen; granite counters and high-end appliances.
• Three bedrooms each have their own bath, while a cozy den provides extra living or sleeping space.
• Offered fully furnished and turnkey, move-in is easy. Just bring the skis!
• A soothing outdoor hot tub, luxury finishes, and unbeatable location make this residence in high demand for nightly rentals.
GIVING THE INSIDE SCOOP
These properties are not currently on the market, but are available through our network.
1. Restaurants: Turn key restaurants and spaces available.
2. 2000sf retail space on Lincoln Avenue. Available soon.
3. 1,000+ acre cattle, horse and hay operation with good water, working facilities, indoor arena, and two homes.
4. Luxury home on the private Catamount Golf Course. 11,000 square foot home with spectacular south valley views. Contemporary design and designer furnished. This is a turn key offering ready for you to enjoy the holidays!
5. A second Luxury home on the private Catamount Golf Course. 11,000 square foot home with spectacular south valley views. This is a turn key offering.
6. The best views in Steamboat! Set high above the valley, backing to the Steamboat Ski area, this custom home has been meticulously redone creating an amazingly private, luxurious experience for a home in the city limits.
7. Luxury Ski In / Ski Out: Own 13 weeks (1/4 interest) in a 6,500 square foot, 5-bedroom custom home for under $2,000,000. This is the best access to skiing in Steamboat.
8. Luxury Ski In / Ski Out: Over 14,000 square feet of luxurious residential property in the ideal Ski in/ out location on the Right of Way trail. 4,000 square feet of heated outdoor living, 10 bedrooms, 4 car garage, theater and every luxury your family and guests could ask for in their mountain retreat.
9. New Construction: Luxury Downtown condo on Yampa Street with great views of the Yampa River and Howelsen Hill. An open floorplan designed for entertaining flows seamlessly onto comfortable outdoor spaces. Contact us to be first to receive updates.
10. New Construction: Luxury duplex built by an award-winning contractor. Incredible views of Emerald Mountain, 5 bedrooms and over 5,000 square feet.
11. New Construction: Single Family home Downtown on the Yampa River. 4,500 Square feet of luxury downtown living. Private two car garage and a riverfront backyard. Rooftop decks round out the experience with amazing views.
12. New Construction: Two connected waterfront residences in the heart of downtown on the Yampa River. 3,500 square feet of luxury living await. Contact us to be on the update list.
Thank you for reading our newsletter. Our goal is to be your resource for real estate information in the Steamboat area. From luxury homes to condos, from commercial property to large ranches, we have the expertise you require to make great decisions. Call or email anytime and we look forward to seeing you in Steamboat.
Sincerely,
