Photo Credit: Steamboat Ski Resort/Alterra Mountain Company

The exciting major renovation of the ski village in Steamboat Springs will make the market even more active than it has been in the past year. Projects like this bring even more attention. The village experience has been a little short, so this revitalization is going to help the overall experience.

This year and going forward into the future, new projects are taking place. The ski village renovation just started construction after it closed its season. That will transform the resort to a 21st century experience. This includes relocating where the gondola is loaded, laying the groundwork to transform Gondola Square into an amenity-rich plaza with additional dining, apres-ski, retail, entertainment, and just a place for visitors to enjoy year-round.

Photo Credit: Steamboat Ski Resort/Alterra Mountain Company

It’s a three-year, $135 million redevelopment plan that will also include adding more ski terrain, making Steamboat the second largest ski area in Colorado behind Vail.

Steamboat is one of the few major resorts left that has prime land available for real estate development in the base area which, with the commercial development that has already begun, will provide a vibrant and exciting experience for residents and visitors alike.

Photo Credit: Steamboat Ski Resort/Alterra Mountain Company

For more information, please contact Doug Labor at 970.846.0661 or dlabor@buysteamboat.com

Doug Labor is the exclusive agent representing the Steamboat Springs, CO real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

The post Doug Labor On Steamboat Springs Ski Village Renovations appeared first on Haute Residence by Haute Living.

Doug Labor presents

Rare in-town lot offering nearly a full acre to build a spectacular single-family home nestled in a mature pine forest with views, privacy and only two miles from the Steamboat slopes. The Rollingstone Ranch Clubhouse, which operates the Golf Course and Ski Touring Center, is an easy walk for a round of golf, bite to eat or sunset cocktail on the deck during the summer, or an invigorating cross country ski trip around the course during the winter. Within a few hundred feet is the Sanctuary Trail – a maintained, soft-surface, non-motorized trail which connects with others and can be taken all the way to Fish Creek Falls. Water, sewer and electric are already to the lot, so all that is needed to build your dream home on this spectacular lot is your imagination.

Address: 2425 Clubhouse Drive, Steamboat Springs, CO 80487

Price: $375,000

Photo credit: Doug Labor

For more information, please contact Doug Labor at 970.846.0661 or dlabor@buysteamboat.com

Doug Labor is the exclusive agent representing the Steamboat Springs, CO real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

The post Doug Labor Presents A Steamboat Springs Lot Ready For A Dream Home appeared first on Haute Residence by Haute Living.

Photo Credit: Shutterstock

What is your favorite way to network with other professionals in the real estate industry?

Alex Min, Lake Tahoe, NV: "In-person and live. Visiting the various affiliate offices has been one of my primary tools."

Bento Queiroz of The Bento Queiroz Group, Southwest Ranches/Weston, FL: "In the business field"

Brian Pearl of the Pearl Antonacci Group, "Currently, social media, group Zoom calls and virtual happy hours."

Clara Hartree, West Vancouver, British Columbia: "Phone calls."

Claudia Llanes, Edgewater, FL: "I like attending open houses and conferences such as the Power Women Conference held every year by Biznow."

Dante DiSabato, Naples, FL: "Golf events or other charity events that are going on."

David Welles, Wellington, FL: "During COVID, the use of Zoom calls with my associates from around the country has helped establish new and lasting relationships that will lead to new business opportunities."

Debra Johnston, Atlanta, GA: "Social Media, particularly Instagram."

Doug Labor, Steamboat Springs, CO: "From email and online forums to picking up the phone, there are many ways to network. My favorite way is the forums. They offer a variety of topics and allow many brokers from different perspectives to give their insight and opinions."

Elisa Linton, Humble/Kingwood (Houston metro area), TX: "Virtual Events are more common. In-person events in small groups where social distances are practiced"

Elliot Bogod of Broadway Realty, Upper West Side, New York City, NY: "Zoom and webinars is a new way of life. LinkedIn is offering ways to connect with like-minded real estate professionals as well as LinkedIn groups. We started our Broadway Realty group that increased to over 700 professionals in a couple of weeks."

Ernie Carswell, West Hollywood, CA: "Price opinion invites to properties preparing to hit [the] market."

Frank D. Isoldi, Westfield, NJ: "I love the exclusive networking that Haute Residence offers to its members. It’s always refreshing to brainstorm with like-minded agents."

Jennifer Brilliant, Surfside, FL: "We don't have meetings and events in person as much anymore, so I rely heavily on email and calls with other realtors to discuss new listings, etc."

Jochen Lucke, Highlands, NC: "LeadingRE, Inman conference, one-on-one with brokers in target markets."

Karen Kenyon, Vancouver Island, British Columbia: "Private Facebook groups."

Kathleen Floryan, Jacksonville, FL: "IdealEstate, LinkedIn, various Facebook groups, Virtual Meetings, and one on one phone calls."

KC Martin, Paris, France: "While there are many online tools currently available in the market, personal contact is still the best way to build and maintain personal and professional relationships. Reaching out via phone, Zoom, or occasionally socially distanced meetings proves still that real estate is a people business built on real relationships."

Kelly Ringer-Radetich, Redwood City, CA: "In person, but with Covid, Zoom will have to do, or phone calls.."

Krista Richman, Fort Lauderdale, FL: "Project events are an excellent way to learn about the project itself and meet new faces in the industry."

Leslie S. Modell of the Leslie S. Modell Team, Midtown East, New York City, NY: "During this period where we can't get together socially, we get on Zoom panels together, team meetings, phone calls, and send out e-blasts."

Mark Salmon,  South Tahoe, CA: "Professional social media sites."

Nilou Henderson of Henderson Ventures, Charlotte, NC: "Social media. Due to the current climate, I am utilizing social media to network with fellow agents, our community, and our clients."

Roberta Ingletto of RGI Realty, South Miami/Pinecrest, FL: "Smaller events/meetings more on a personal level."

Ryan Knowles, Bahamas: "Instagram."

Sandra Fiorenza, Miami Beach, FL: "Lunches and events."

Scott Goshorn, Brentwood, CA: "Events and masterminds."

Tim Fenton of Blue Zone Realty International, Costa Rica: "I prefer to communicate in live time, either on zoom or on the phone. So much emotion is lost in text or email."

For more, visit dev.hauteresidence.com.

The post How To Network In The Real Estate Industry appeared first on Haute Residence by Haute Living.

Photo Credit: Shutterstock

Read below for how they see their areas' price activity in real estate.

Alex Min, Lake Tahoe, NV: "Up 30% at a minimum in the last six months."

Alison Melton of The Melton Group, Hilton Head Island/Bluffton, SC: "On average, we are +30% from last year and sales volume is +64% for residential homes."

Bento Queiroz of The Bento Queiroz Group, Southwest Ranches/Weston, FL: "Inventory is shrinking and therefore prices are steadily increasing."

Brian Pearl of the Pearl Antonacci Group, "Median list prices in Boca Raton are up 34.7% from last year in single-family homes."

Catherine Burgess of The Burgess Group, Boulder, CO: "Our area has appreciated substantially since last year."

Clara Hartree, West Vancouver, British Columbia: "[On] average, 10% [up]."

Claudia Llanes, Edgewater, FL: "Prices have increased due to the low single-family home inventory that's currently available."

Dante DiSabato, Naples, FL: "Prices are slightly increased but not as much as you think they would [have]. There is just a lack of inventory and prices will rise here shortly."

David Welles, Wellington, FL: "Prices are up approximately 10-12%."

Debra Johnston, Atlanta, GA: "Going up and continue, estimated 5%."

Doug Labor, Steamboat Springs, CO: "Residential prices in the Steamboat Springs area are up an average of 11% from last year."

Elisa Linton, Humble/Kingwood (Houston metro area), TX: "Increased."

Elliot Bogod of Broadway Realty, Upper West Side, New York City, NY: "Manhattan is the only area not increase will be remembered as years of opportunity in residential real estate. Prices are expected to stabilize before the end of the year and increase after the pandemic is over."

Ernie Carswell, West Hollywood, CA: "Prices are generally up 5-7% for properties under $6 million."

Frank D. Isoldi, Westfield, NJ: "Our market has 1/3 the inventory that we had last year, which is driving our average sales price up across the board."

Jennifer Brilliant, Surfside, FL: "Prices for houses are higher this year. Prices for condos are about the same."

Karen Kenyon, Vancouver Island, British Columbia: "Significantly higher and still trending upwards due to low inventory."

Kathleen Floryan, Jacksonville, FL: "Up."

KC Martin, Paris, France: "Prices are generally holding or up, depending on the area. Buyers are looking to make moves in real estate now with interest rates low, Covid uncertainty, and looking to diversify their investment portfolios, which includes real property."

Kelly Ringer-Radetich, Redwood City, CA: "We have seen prices, in some areas, climb, and in other areas [stay] steady."

Krista Richman, Fort Lauderdale, FL: "Prices are going up, inventory is going down!"

Laura Livaudais, Asheville/Western North Carolina: "Simply put - the prices are higher. The average list price ($397,829) was 20% higher while the average sales price ($390,696) was 23% higher. You can readily see from those prices that Asheville maintains its status as “recognizably affordable.”

Mark Salmon,  South Tahoe, CA: "50% higher."

Nilou Henderson of Henderson Ventures, Charlotte, NC: "Steadily increasing. Some areas have seen an increase of almost 20% in the last year. I expect the increases to remain as inventory remains low."

Leslie S. Modell of the Leslie S. Modell Team, Midtown East, New York City, NY: "The prices I would say, on the luxury side (over $3 million), are off about 10-20%."

Roberta Ingletto of RGI Realty, South Miami/Pinecrest, FL: "Maybe 20% higher. It's crazy how demand has gone up - first homes, now condo sales are picking up as well."

Ryan Knowles, Bahamas: "Similar [to last year]."

Sandra Fiorenza, Miami Beach, FL: "Home prices have increased by 30%. The number of listings has decreased by 50% and inventory is very small."

Scott Goshorn, Brentwood, CA: "Up. However, the market was on fire about this time last year... then Covid threw a bucket of cold water on it."

Tim Fenton of Blue Zone Realty International, Costa Rica: "Prices are up approximately 11%."

For more, visit dev.hauteresidence.com.

The post Real Estate Prices Are Up In U.S. Markets And Abroad appeared first on Haute Residence by Haute Living.

Photo Credit: Steamboat Sotheby’s International Realty

Unprecedented and unpredictable. Two adjectives describing the past year we are so tired of hearing but remain the best words to describe the 2020 Steamboat Springs real estate market.

With the onset of the pandemic, a “COVID Freeze” suddenly fell upon various financial markets in March, including real estate in Steamboat Springs. Buyers stopped buying and interestingly, sellers pulled their properties off the market. People were forced to work out of their home - where many eventually realized they could manage effectively.

Compounding the pandemic panic was the rioting that hit several cities, giving some a reason to look elsewhere for a safer haven and healthier lifestyle, yet keep their jobs by working remotely. The exodus for those wanting a change seemed to hit towns like Steamboat Springs at the end of May, and Steamboat’s real estate market literally went from freezing point to boiling point overnight.

And as things played out, any ground lost in the first five months of 2020 was made up and then some in the last seven months, as nearly every major record within the Steamboat Springs Multiple Listing Service was broken. The only one that was not was the total number of transactions. 2020 posted 1,655, missing the record of 1,729 hit in 2007, but still bettering 2019 by 33% (1,164). Total dollar volume was $1.217 billion, bettering 2007 by 21% ($1.003b) and 2019 by 50%. The amazing fact with these results is that sellers still held off placing their properties on the market, causing buyers to scramble with an offer as soon as something came available.

Quarterly Turns

Graph 1 represents, on a quarterly basis, the number of MLS listings (pink line) and transactions (blue line) and shows just how drastic things changed. When news of the pandemic hit, the second quarter (QII) hit the lowest point for transactions since 2010 (221), then nearly tripled in QIII to a record high of transactions to 609, yet only to be beaten by QIV with 622. Listings also hit records, but in the opposite direction. QIII hit an all-time supply low at 801, then took another dramatic loss with the MLS carrying only 574 listings by year-end. Over the last five years, the average number of quarterly listings was 1,230 and transactions was 306.

One measuring stick for the health of a real estate market is the “Absorption Rate”. It is the dynamic between supply and demand and used to evaluate the rate at which properties are sold during a given time. It is calculated by dividing the number of properties sold in the allotted time by the total of available properties. Graph 2 (following page) represents the quarterly absorption rate of the Steamboat Springs MLS and shows just how unprecedented and unpredictable the market was in 2020. The second quarter of the year posted a 22% absorption rate; meaning 22% of properties available for sale were purchased in those three months, then sprang to 76% in QIII, then to 108% in QIV. In 2020, demand for Steamboat Springs real estate far exceeded supply.

With rising demand and dwindling supply, prices could only go up, resulting in the average price of a property sold in the MLS of $735,000, up 13% from its 2019 average price of $650,000.

Changes in Latitudes

From a geographic standpoint, non-commercial transactions within Steamboat Springs increased 35% from 2019 to 948. Looking beyond Steamboat, the MLS areas north (Elk River and North Routt) experienced the most substantial increase in activity from 2019, at 133% to 154. Stagecoach came in second, increasing 65% to 139 transactions from 84. These increases are quite possibly from buyers seeking more affordable options in Steamboat’s neighboring communities.

Changes in Attitude

Future buyers may need to make a mind shift when looking at the price they will have to pay or change the type of property they can afford. Within the town of Steamboat Springs, 2020 pricing experienced a substantial increase from 2019 in all residential categories. Median prices of single-family homes escalated to a new record, topping the one-million-dollar mark to $1,077,050 (+27%). Also hitting a new record were median prices for condos, which increased 14% to $447,500. Median prices for townhomes increased 13%, to $727,500. Land prices took a hit, however, down 9% to $393,000. See Chart 3.

Change in the Future?

With more properties being bought faster than new listings coming on the market (+100% Annual Absorption Rate), few signals, if any show this scenario will change anytime soon. Putting the COVID-19 Pandemic to rest with a vaccine will certainly help, but the supply side of the equation will be fought for a while. Steamboat Springs is not the only real estate market experiencing record demand. Resorts, suburban areas, and certain smaller towns throughout the country have experienced a similar influx, placing added demand on building contractors and materials to add new inventory, causing price increases in those services and products…and the need for land. Again, vaccinations will temper some of this pressure, but the Steamboat market had seen increased demand well before the pandemic. Furthermore, the motivations of today’s buyers are not as much for investment as they were in the mid-2000 runup, but for personal use and enjoyment; a deep-rooted and sincere desire for a better lifestyle and cause for owners to hold, not flip their asset. Markets do go up and down, and in early 2020 everyone thought the real estate markets would take a big hit. Once again, in our “unprecedented” times, we would expect that demand will continue into the near future, but with the certainty of uncertainty, we will be watching closely for signs of shifting trends. Stay tuned…

For more information, please contact Doug Labor at 970.846.0661 or dlabor@buysteamboat.com

Doug Labor is the exclusive agent representing the Steamboat Springs, CO real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

The post Doug Labor Reviews 2020 Real Estate In Steamboat Springs appeared first on Haute Residence by Haute Living.

Photo Credit: Shutterstock

Alison Melton of The Melton Group, Hilton Head Island/Bluffton, SC: "ZOOM, FaceTime, WhatsApp, virtual showings are all the rage!"

Bento Queiroz of The Bento Queiroz Group, Southwest Ranches/Weston, FL: "Instagram for sure!"

Brian Pearl of the Pearl Antonacci Group, "Zoom and Matterport."

Catherine Burgess of The Burgess Group, Boulder, CO: "Apple Watch, and a weekly newsletter"

Clara Hartree, West Vancouver, British Columbia: "Instagram."

Claudia Llanes, Edgewater, FL: "I'm definitely using Instagram a lot more in order to strengthen my brand presence digitally. This has helped me generate leads at a volume I did not think was possible."

Dante DiSabato, Naples, FL: "More online signing and contract forms. Not enough time in the day to write out the contract and scan for signature. this just streamlines the process to get a contract out fast in an ever-changing market."

David Welles, Wellington, FL: "Zoom calls with clients for updates and referrals and Matterport for my significant listings."

Debra Johnston, Atlanta, GA: "Mostly analytical tools that were not previously available."

Doug Labor, Steamboat Springs, CO: "Facetime. With our market so active, and it being a resort/retirement area, buyers need to jump on a listing as soon as possible, and the quickest way to get the property seen is by Facetime."

Elisa Linton, Humble/Kingwood (Houston metro area), TX: "CRM."

Elliot Bogod of Broadway Realty, Upper West Side, New York City, NY: "We use our smartphones to access apps to post updates and changes to listings."

Ernie Carswell of Carswell and Associates, West Hollywood, CA: "Zoom changed our world; Google Mapping."

Frank D. Isoldi, Westfield, NJ: "Every listing now has a virtual iGuide tour and we are doing more and more personal video tours as well."

Joyce Rey, Beverly Hills, CA: "I would say I use Instagram, YouTube, and publish articles on my blog a lot more often than [in] previous years. Instagram and YouTube are truly two of the top channels for promoting our listings/business!"

Karen Kenyon, Vancouver Island, British Columbia: "Facebook Business page and Instagram."

KC Martin of Sotheby’s International Realty, Paris, France: "My cell phones (plural) are probably my greatest asset in the market today. Staying connected real-time via online meetings, phone calls, video calls, apps, text, and email keeps me in touch and informed and up to date daily."

Kelly Ringer-Radetich, Redwood City, CA: "Active Pipe."

Krista Richman, Fort Lauderdale, FL: "We have been using Zoom for years to connect with international buyers. Now, we use it for our American buyers as well."

Leslie S. Modell of the Leslie S. Modell Team, Midtown East, New York City, NY: "Zoom, Microsoft teams, and digital staging."

Roberta Ingletto of RGI Realty, South Miami/Pinecrest, FL: "Zoom meetings, FaceTime to show properties; social media in general."

Ryan Knowles, Bahamas: "Zoom and WhatsApp."

Sandra Fiorenza, Miami Beach, FL: "Mostly Instagram."

Scott Goshorn, Brentwood, CA: "YouTube marketing."

Tim Fenton of Blue Zone Realty International, Costa Rica: "Definitely Zoom and other video conferencing tools."

For more, visit dev.hauteresidence.com.

The post What Are The Preferred Real Estate Tech Tools For Professionals? appeared first on Haute Residence by Haute Living.

Doug Labor present

Like-new 2-bedroom, 2.5 bath luxury residence in the heart of Steamboat. Located on the highly coveted top floor and on the quiet side of Steamboat’s most desirable downtown complex, this 1,334 square foot residence is the perfect condo for an urban Steamboat lifestyle. Enjoy Ski Area and Buffalo Pass views, and easily walk to any restaurant, shop, special event, or recreational activity you desire. Like to fish or kayak? The Yampa River is right across the street! The spacious floorplan has exceptional features including hand-scraped hickory flooring, limestone slab counters in two baths, a gourmet kitchen featuring a Wolf range, Subzero refrigerator, Asko dishwasher and granite countertops. Timber post details are throughout the living area, as are exposed venting to add a modern flair to the decor. A luxurious five-piece master bath, in-unit washer and dryer, dedicated heated underground parking space and storage closet are additional features not found in many Steamboat condos. Handy and right off the living room is a desk area if computer time is needed and an outdoor deck perfect for sipping an after-hour cocktail while deciding whether a walk along the Yampa River, stroll down main street or evening picnic up Emerald Mountain is in the plans.

Address: 35 5th Street Unit #Unit 405, Steamboat Springs, CO 80487

Price: $1,099,000

For more information, please contact Doug Labor at 970.846.0661 or dlabor@buysteamboat.com

Doug Labor is the exclusive agent representing the Steamboat Springs, CO real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photo Credit: Doug Labor

Photo Credit: Doug Labor

Photo Credit: Doug Labor

Photo Credit: Doug Labor

Photo Credit: Doug Labor

Photo Credit: Doug Labor

Photo Credit: Doug Labor

Photo Credit: Doug Labor

The post Doug Labor Presents A Steamboat Springs Condo appeared first on Haute Residence by Haute Living.