By Ulrich,

Happy April Fool’s day! Mother Nature is certainly playing her trick on us as the beautiful spring weather that we experienced throughout most of March has been supplanted by over four feet of snow in the past five days. We awake to another 14 inches this morning bringing our total for the year to 382 inches. With the forecast showing the next week bringing a steady stream of storms our way we are sure to pass the 400 inch mark again for the third time in four years. Of course this “trick� by Mama Nature is actually a treat for those of us who have the opportunity to take advantage on the slopes. Nice, light and fluffy it was on Monday and Tuesday (and no doubt today) as Champagne Powder can still make an appearance in late March and April. It was like skiing on a cloud and not hearing or feeling your skis set an edge.  As the airline program comes to an end this Sunday there are lots of discounts and deals to be had for the final 12 days of the season. Hopefully you can take advantage of the perfect conditions.But alas, it’s back to work trying to analyze this interesting economic market that we are all dealing with.  Steamboat Real Estate has been no exception although we have been able to weather the storm better than most. I certainly have had my share of showings and clients this winter. I guess the best way to describe the mood is one of positioning. Preparing to act once the market does turn upward and getting all of the financial ducks in a row. I also sense that nobody wants to be the first in case the market in the Yampa Valley continues to drop. My bigger fear is that once the Steamboat Real Estate market does begin to recover it will happen quickly leaving many on the outside of the fence looking in. My belief is that we are near the bottom and the time to take advantage of these conditions is ripe. Sellers do not have much confidence and are anxious to relive themselves of debt. Interest rates are at an all time low and inventory is good. As I counseled a client who believes that the current market will still drop anywhere from 5% to 10%, Why not find the property that you really want and submit an offer 10% below, the probably already reduced, asking price.

This entry was posted on Wednesday, April 1st, 2009 at 8:25 am and is filed under Buying Tips, Market Trends, The Steamboat Lifestyle. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.