The front page of the Steamboat Pilot on Wednesday read “First Powder Day of the New Year”…Ok, ok, that is accurate…but more accurately it should have read “First Powder Day of the Season!” And what a powder day it was. I braved the sub-zero temps on Tuesday and headed up. The groomers were corduroy goodness and the powder runs were just that, fluffy face shot filled fun. Yep, it was a great way to start the day. This is why we live here, and this is why people come to Steamboat. They reported eleven new inches of snow on Monday/night and it really has been coming down ever since. Forecast is calling for more this weekend and occupancy is up. Finally, it’s beginning to look a lot like Steamboat.
Someone made a very large, 3-tiered snowman on the Medicine Springs side of Bear Lodge. Kudos to you, and thanks for adding him to the property. He is very welcoming and made me smile on my drive into work this morning.
And for those who are interested, December’s real estate transaction summary was just released by Land Title as follows: December was a good month with $47M in gross volume with 136 Transactions, making it the third strongest in volume of the year and coming in +72% higher than last December in number of transactions. (though down -13% in dollar volume against December 2010) Upper end transactions were strong, contributing to the good gross showing in December.
All in all, it’s still a bit of a mixed bag. Our year-end Gross Dollar Volume of $450M, was slightly off 2010 (-12.01%) with transactions showing a slightly heavier decline of (-23.06%). One other thing to point out is the high number of Fractional Sales we have had over the past 3 years.
Bank sales continue to be a factor with 18 this month.
Loans were up – with a total of 170 recorded for December, making December the highest transaction & loan month this year.
Highest PPSF for December 2011:
12/30/2011: $2,825,000 Edgemont Condo Unit 2803 aka 2410 Ski Trail Lane, #2803 – 5 Bedroom 5 Bath YOC 2009 with 3,642 SF Living Area. PPSF is $775.67. This is a new construction sale on Steamboat Mountain.
Highest Priced Sale for December 2011:
12/29/2011: $4,500,000 City South Subdivision Lot 1, Mid Valley Business Center #2 Lot 2, M&B: Sec 20-6-84 – 3 Commercial Parcels: All Vacant Commercially zoned, with a combined land size of 14.52 AC. This property is located at 1440 Pine Grove Road. PPAC is $309,917. This was a Bank Sale.
Other sales over $1.4M:
12/28/2011 $2,050,000 Sanctuary Subdivision #5 Lot 132 Re-plat aka 3050 Clearwater Trail – 4 Bedroom 4.5 Bath YOC 2006 with 5,808 SF Living Area on 1.48 AC Land. PPSF is $352.96.
12/14/2011: $1,425,000 Big Valley Ranch at Steamboat Subdivision #2A Lot 25 aka 28880 Skyline Drive – 3 Bedroom 3.5 Bath YOC 1992 with 4,636 SF Living Area on 36.10 AC Land. PPSF is $307.38