Monday, August 31, 2009

Vacation Home Inventory Glut in Steamboat Springs, Colorado

One real estate agent in Steamboat Springs, Colorado, notes that at the recent pace of property sales in that mountain second home community (163 sales in the first 2 quarters of 2009) he expects to see only about 320 sales in 2009 total. Yet there are more than 2,300 listings available in the community, including commercial. This, says Doug Labor, broker-owner of Buyer’s Resource Real Estate and manager of MLS statistics as quoted in the Steamboat Pilot, translates into an inventory that would last about seven years, he said. A typical rate of supply is about a year, Labor said.

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Sunday, October 12, 2008

The Porches at Steamboat: Family-Friendly Houses, Reasonable Prices

Sales momentum at premier Colorado resorts has slowed, but The Porches at Steamboat, which I visited recently, offers multigeneration-sized single-family homes that would cost a whole lot more in Vail or Aspen. Looking for five-bedrooms? You’d have a hard time finding that big a house for $3-million in those towns. Yet the 5,000 square foot homes at The Porches qualify for that often-misused term “affordable luxury.”

To make The Porches unique in the Yampa Valley, co-developer Bruce Shugart and partners combined an amenity package with a neighborly atmosphere designed to woo those who want their children and grandchildren or grandparents with them in snow country. At the center: “The Barn,” a clubhouse whose wood floors, reclaimed from an 1883 barn in Pennsylvania, reflects Steamboat’s cowboy heritage. There’s nothing old-fashioned about its interior, which includes soaring windows and a generous exercise facility with Nautilus equipment. A concierge and property management team handles everything from stocking the fridge to producing poolside birthday parties.

The goal, says Shugart, is “an environment you can bring families to. We fill a niche – large private homes with services,” including ski shuttle and equipment storage at the base of the ski mountain less than a half mile away. The Porches also is marketing several of its homes – as six-week Private Residence Club fractionals starting at $340,000. And yes, the houses do sport rocking chair-ready porches.

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