Posts Tagged ‘Sotheby’s International Realty’

Having been involved in the real estate market and construction market in Steamboat Springs since 1991 I am often asked about our current market in the valley.  In the last 2 months I would compare our market to the Dow Jones stock market when it dropped to 6600.  We should have all bought stock at 6600 and would have had a nice portfolio at the current value of over 11,000.  It is my opinion that we are currently bouncing at the bottom of the market and like the stock market at 6600 we have no where to go but up.  I agree with the Sotheby’s corporate position that we should see appreciation of 5% a year for the next 3 to 4 years from current appraised values.  It is my belief that Steamboat will fare well compared to other resort towns in that our values are lower than many of the other ski areas and Steamboat is a beautiful place to live with a real working community.

The other component of our market often asked is this a good time to build in Steamboat.  The past 18 months has been very slow in the single family construction sector of our economy.  Subcontractors will work for far less than their bids from 2 to 4 years ago.  They basically will work for wages and little profit margins.  I estimate that individuals can build for up to 30% off of prices from 2007.  Couple that with much lower costs of building sites and it is evident that it is an excellent time to build in Steamboat.  The economic cycle with run it course and the cost to build will rise accordingly.  During any economic recession individuals will have opportunities and timing in our market could be excellent to create opportunities.

Read more about Tom Valicenti

Fairmont Mayakoba

There is a tradition every April if you live in a ski town…mass exodus to warm weather is required, and many times it is seeking sand, sun, and sea.  We followed suit this past April and had a fabulous trip to the Fairmont Mayakoba, a luxury resort located near Playa Del Carmen, Mexico in the Riveria Maya.  This place delivered on all fronts.

Here is some additional information about the area and the resort:

“The Riviera Maya is located in Mexico on the Yucatan Peninsula in the State of Quintana Roo, Mexico. This legendary destination offers an array of unique entertainment options: sandy beaches, invigorating water sports, designer and colorful local shopping, exquisite cuisine and exciting nightlife.

Many visitors come to experience Cozumel -one of the world’s premier diving and snorkeling destinations first made famous by famed French marine pioneer Jacques Cousteau- where the warm currents and coral reefs support a breathtaking pantheon of marine life. Others come to explore Chichén Itzá, one of the world’s new seven wonders, and experience the fascinating world of the Mayans, whose mythology, science and culture can still be felt today. Most want a taste of it all: the delicate jungle, the alabaster white sand beaches, the crystal clear turquoise water, the fine cuisine and the spectacular nightlife!

Fairmont Mayakoba is located approximately 42 miles or 70 km south of Cancun, within the Mayakoba resort development, a secure 240-acre gated community surrounded by canals, shoreline and mangrove forests, which is only accessible via one main entrance point.

Looking out from Fairmont Mayakoba’s 401 elegant guest rooms and suites reveals splendid views of picturesque mangrove forest and lagoons, the surrounding championship El Camaleon golf course or the azure sea. Against this vibrant backdrop, savor authentic Mexican and international delicacies at three exceptional restaurants, get energized at the state of-the-art health club, and indulge in an array of treatments at Willow Stream Spa. Fairmont Mayakoba’s welcoming pools and kids’ club add a touch of family fun. When it comes to meetings and events, a full-service convention center offers generous indoor and outdoor function space, making every occasion a delight.

Fairmont Mayakoba—a place where bicycles, lanchas (boats) and your own two feet transport you from place to place—sustainability and serenity are key, and a memorable getaway is certain!”

Fairmont Mayakoba and Environmental Stewardship
Fairmont is a member of the World Heritage Alliance for Sustainable Tourism (WHA). The WHA was created to promote conservation, sustainable tourism, and economic development for communities located in and around UNESCO World Heritage sites.

www.fairmont.com/mayakoba