A billion reasons
Steamboat Springs The big news came in from Bruce Carta at Land Title Guarantee Company as we went to deadline with this debut of a Real Estate section front in the Steamboat Pilot & Today. The Routt County real estate market topped $1.5 billion in 2007. And that news comes just one year after the local market topped $1 billion for the first time.
Significantly, the new record in dollar volume was achieved even as the number of units sold declined from 3,477 in 2006 to 2,555 in 2007.
Those converging trends do a good deal to justify the decision by newspaper management to kick off this colorful addition. Section C is all about real estate and development, which will make the biggest business headlines in Routt County for years to come.
In spite of limited supply and escalating prices, demand remains high. Young professionals continue to seek to raise their families in the Yampa Valley and retiring baby boomers look for their dream home in the Rocky Mountains.
We hope you'll find news of interest in real estate stories and the notes column that follows, and that you'll participate by sharing significant new listings and details of development projects poised to go forward. If we whiff on a noteworthy transaction that promises to reverberate in the local market, be sure to contact me.
If you want to gossip on background, I'm here to listen.
- Tom Ross
Now we know that Off the Beaten Path Bookstore has been sold and will move to the old Fair Exchange location on Ninth Street. So, what's going to happen to the former bookstore building that hugs Butcherknife Creek on Seventh Street?
Amy Garris of Old West Management knows the answer to that question, but she won't share the secret for at least another month.
Garris functions as the president of real estate holdings in Routt County for California almond farmer Gene Sagouspe.
An LLC controlled by Sagouspe bought the former Off the Beaten Path building for $1.2 million late last year.
Garris said the building would be owner occupied.
"It's going to fill a great need in the community," Garris promised.