On the Market: Mulcahy addresses local demand for housing

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On the Market

Tom Ross' On the Market column appears Sundays in the Real Estate section of the Steamboat Pilot & Today. Contact him at 871-4205 or e-mail tross@SteamboatToday.com.

Steamboat 700 Project Manager Danny Mulcahy took his message directly to residents of Routt County this month and predicted existing west Steamboat neighborhoods should see appreciation attributable in part to amenities such as parks, shopping and mass transit connected to his proposed development.

In an e-mail newsletter, Mulcahy posed the rhetorical question: "What is going to happen to home values when Steamboat 700 is annexed? Isn't the market going to be flooded and values decline?"

Mulcahy said it's safe to say that some level of stabilization in Steamboat Springs' rate of housing appreciation would occur when new supply enters the market. However, he said, his company's research indicates more than adequate housing demand in the Steamboat market and the region. At the same time, he said it wouldn't make economic sense to release a supply of land and new homes that exceeds local demand.

Valicentis sign on with High Mountain Sotheby's

After 15 years, Tom and Marci Valicenti have moved their desks from Yampa Street to Lincoln Avenue and joined High Mountain Sotheby's International Realty.

"We are fortunate to have Tom and Marci join our firm," said Tony Walton, owner and managing broker of High Mountain Sotheby's.

Tom Valicenti has been an owner/broker of Steamboat Real Estate for 15 years. Marci Valicenti has been a broker associate since 2002.

Tom Valicenti said he expects their affiliation with High Mountain Sotheby's to allow them to work more efficiently.

"The Sotheby's brand awareness and global marketing advantage will enable our listings to reach a much greater audience of qualified buyers, and we were very impressed by the technological tools offered by Sotheby's International Realty," he said.

Mitch Clementson, broker/owner of Steamboat Real Estate, said it's business as usual at his office at 635 Yampa St.

"We're still alive and well here at Steamboat Real Estate," Clementson said.

Comments

Scott Wedel 5 years ago

Business as usual??? That lie is printed without question??

26 transactions in Feb 2009. 100 in feb 2008, 160 in feb 2007, 102 feb 2006, 158 feb 2005, 96 in 2004, 100 in 2003, 146 in 2002, 119 in 2001.

We have 400 real estate agents and the current sales rate is not even enough to pay the rents and utilities of the agent's offices.

And that is business as usual??

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