Archive for April 2017

Huge News! Aspen is Buying Steamboat

Steamboat Ski Area

The ski season wraps up Sunday, but the buzz in Steamboat this week is as exciting as an 18″ powder dump. Aspen Skiing Co. and KSL Partners announced this week they will buy Steamboat as part of a larger $1.5 billion acquisition.

To add to the buzz, Aspen announced two days later that they will also be buying Mammoth Resorts, which includes Mammoth Mountain, June Mountain, Snow Summit and Bear Mountain.

Once the deal is finalized in Q3 2017, Aspen Skiing Co. and KSL Capital Partners will own or manage the following resorts in North America:

* Steamboat Ski and Resort Corp.
* Winter Park (operation agreement)
* Blue Mountain, Ontario
* Mont Tremblant, Quebec
* Snowshoe, West Virginia
* Stratton Mountain, Vermont
* Canadian Mountain Holidays, British Columbia

Aspen Skiing Co.
* Aspen Mountain
* Aspen Highlands
* Snowmass
* Buttermilk

KSL Capital Partners
* Alpine Meadows, California
* Squaw Valley, California

Mammoth Resorts
* Mammoth Mountain
* June Mountain
* Snow Summit
* Bear Mountain

Aspen Ski Co has been looking for ways to compete with the ever growing Vail Resorts. Steamboat and Winter Park will be the only two Colorado ski areas added to the Aspen brand outside of Pitkin County. After the dust settles, Aspen will have 14 resorts compared to Vail’s 11 resorts.

Read the Denver Post article here
Read the Aspen Times article here
Read the article from the Steamboat Pilot here

Aspen is such an iconic brand and has been managed successfully by the same ownership for decades. We are optimistic about the opportunities and look forward to seeing the changes it will bring here in Steamboat.  Call us at 970-819-6372 to discuss how this will impact Steamboat Springs real estate.

Steamboat Single Family Home Sales in Feb and March

Storm Mountain Ranch

Twenty seven Steamboat single family homes (and 1/2 duplexes) closed in February and March for almost $25M.  Twelve of them (44%) sold for more than $900,000 showing the rising trend in prices.  With the recent announcement of Aspen acquiring Steamboat, don’t expect the trend to reverse.  

See the list of sales below, or call us at 970-819-6372 for details or to schedule a time to talk about buying and/or selling. 

TypeDevelopmentAddressAsking PriceSold Price% List to Sold
Single FamilySteamboat Lakes26645 Neptune Place$469,000 $459,000 98%
Single Family4 Bar G26350 Larkspur Lane$499,900 $480,000 96%
Single Family1St Add To Ss333 Short St. #A$529,500 $486,000 92%
Single FamilyCaptains Cove23043 County Road 62$532,000 $515,000 97%
Single FamilyMoonhill Meadow49915 County Road 129$549,000 $540,000 98%
Single FamilyAspen Heights Subdivision145 Huckleberry Lane$569,000 $559,000 98%
Single FamilyTamarack Point Subdivision585 Wyatt Drive$599,999 $560,000 93%
Single FamilyHeritage Park27373 Brandon Circle$589,000 $573,000 97%
Single FamilySilver Spur/ Estates27629 Winchester Trl$595,000 $585,000 98%
Single FamilyParkside60545 Parkside Drive$595,000 $595,000 100%
Single FamilyTamarack Point Subdivision554 Wyatt Way$635,000 $635,000 100%
1/2 DuplexFox Hunt Subdivision859 Mill Run Court$669,000 $655,000 98%
Single FamilyOther853 North Park Road$698,000 $670,000 96%
Single FamilyEmerald Knoll568 Sandhill Circle$699,000 $675,000 97%
Single FamilyAspen Meadows Subdivision1750 Fish Creek Falls Road$835,000 $835,000 100%
Single FamilyWillett Heights Subdivision315 Blue Sage Circle$939,000 $910,000 97%
1/2 DuplexSki Ranches Subdivision3010 Laurel Lane$930,000 $920,000 99%
1/2 DuplexSki Ranches Subdivision3012 Laurel Lane$930,000 $931,000 100%
Single FamilyHunters Ridge1814 Hunters Court$995,000 $935,000 94%
Single FamilyDeerwood Ranches31485 Deerwood Ranch Road$1,175,000 $1,144,000 97%
Single FamilySpring Green Subdivision30860 Elk Lane$1,239,000 $1,170,000 94%
Single FamilyLynx Basin Estate23115 Lynx Basin Lane$1,439,000 $1,395,000 97%
1/2 DuplexSteamboat Barn Village880 Angles View Way$1,435,000 $1,425,000 99%
Single FamilyRendevous Trails Subdivision2650 Ridge Road$1,495,000 $1,485,000 99%
Single FamilyGraystone on The Green1224 Clubhouse Circle$1,495,000 $1,708,860 114%
Single FamilyTrails Edge Subdivision2895 Trails Edge$1,999,000 $1,950,000 98%
Single FamilyGraystone on The Green1259 Clubhouse Circle$2,100,000 $2,020,000 96%
$25,234,399 $24,815,860 98%