What’s a good sign the downturn in the mountain resort market has about run its course? When locals start picking off the bargains – exactly what luxury builders are reporting now in Steamboat Springs. Scarcely a home has been built there all year – but projects launched three years ago are suddenly getting sales; with locals and Front Range families weighing in.
A penthouse loft overlooks Howelsen Hill and the trout-laden Yampa River on one side; trendy new dining and shopping along Steamboat’s Lincoln Avenue main street on the other.
“Steamboat was historically priced better than other luxury areas, and locals understand that the value is there now,” Realtor Angela Ashby of Prudential Steamboat Realty said during a trip around town. She’ll be on hand all this week at one of two open houses that make that point – one offering big, luxurious single-family attached homes at the base mountain; the other, a LoDo style loft that’s surrounded by so many trendy shops and restaurants that it earns a walk-score in the nineties. more »