One Steamboat Place sees more closings
Basically what I continue to hear from buyers is that given this economy it will be quite a while before anything new is built at the base beyond One Steamboat Place and Edgemont, they either say this or ask what I think. Given that and their desire to spend more time in Steamboat they see wisdom in going forward now not only while they can have what they want but more importantly more of their family's best years to enjoy them that they would have fewer of if they wait. Looking back in recent Steamboat history this could also prove out to be a good idea from a supply perspective since once these units are gone it will likely be 3-5 years until more is built. Back in 2005 and 2006 we had a moratorium on new developments at the base area as new design standards were worked out which restricted supply in a similar manner and drove prices up.
To be clear I am not saying that it will be a home run in the 1-3 year timeframe to purchase these price wise but with a 3-5 year perspective that the wise have in most investments and the priceless nature of more memories with your family most scenarios can look pretty good. Is that the case for you? It's hard to say without knowing your goals and situation but I can help you understand all that is going on in Steamboat so you can make a good decision for yourself either way. Give me a call at 970-819-6930 if you would like to talk. I am a low key guy and always happy to share what I know.
Labels: One Steamboat Place
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