With ski season winding down, sellers are going to be facing that time of the year when cash flow is going to become an issue.  The most profitable months for a ski rental property in Steamboat Springs are December, January, February and March, where approximately 80% of the rental income for the entire year is received.  Occupancy rates won’t begin to pick up again until the 4th of July, and carry through until Labor Day weekend in September.  However, still at that time occupancy rates are not as high and rates are half as much as the ski season.

If you are looking to purchase a rental property, early spring is the best time of the year to negotiate a deal than any other in the Steamboat Springs real estate market!  Sellers have just received the lions share of the income for the year, and have been able to use their property to ski for the season, and with rental incomes down approximately 20% this year, there may not be a better time to make a move.

If you would like to see the best properties that are available in your price range, please give us a call today!

This week in Steamboat Spring is the 96th annual Winter Carnival.  Beginning as the organizing committee for the first Winter Carnival, the Steamboat Springs Winter Sports Club (SSWSC) has maintained the Winter Carnival as a service to the community since 1914. The Winter Carnival started as a way to help residents cope with cabin fever during the height of the winter season. The event continues to this day as a way to celebrate winter; as a reason for neighbors to gather; and as an opportunity for everyone to experience a piece of Ski Town USA® history and tradition.

This annual celebration includes a variety of events that embrace our western heritage and highlight Steamboat’s tradition of winter sports. The festivities include such events as: Ski Jumping competitions, a Snowboarding Jam Session, the Soda Pop Slalom, a Tubing Party, the Diamond Hitch Parade which includes the High School band on skis, the Street Events on Lincoln Avenue, and the Night Extravaganza at Howelsen Hill with a brilliant fireworks display and the famous Lighted Man.

As evidence of how fun and enjoyable these festivities are, you will see more locals to this event than any other in Steamboat.

If you are looking for a great condominium purchase, a one bedroom and one bath Rockies condominium has just been reduced today from its original list price of $264,900 to $168,000!  The Rockies is only a few blocks from the ski area and has a wonderful repeat clientele who rent their properties.  This 467 square foot condo was built in 1974 but is in very good condition.  The complex offers onsite check-in, a year round heated swimming pool, hot tubs and very convenient shuttle service.  This is one of the best one bedroom opportunities on the Steamboat Springs real estate market.  The last Rockies condominium that sold for less than this price was in 2005!

For additional information, as well as a rental income history, please give us a call or email today!