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Edgemont

The Steamboat real estate market has been steadily improving throughout 2009, with November sales even surpassing the November sales reached during the record sales year of 2007!

Okay, there is more to the story.  There was a big mineral sale for $26M, which might have skewed the numbers a bit.

However, the total volume sold was 237% of  November 2008 and total units sold was 267% of November 2008.

The new luxury ski-in, ski-out residences in Steamboat are beginning to close, adding to the Steamboat real estate sales totals.  One Steamboat Place closed four whole ownership condos at $4,400,000, $4,200,000, $3,750,000, and $2,850,000.

One Steamboat Place

One Steamboat Place also had 21 fractional sales ranging in price from $415,000 (those buyers pre-purchased years ago) to $580,000. The average price paid for a One Steamboat Place fractional ownership residence was about $460,000.

Edgemont, the other luxury condo steps from the slopes, will start closing in early January.

In addition, Steamboat real estate buyers are arriving for their annual ski vacation.  With real estate prices lower than they’ve been in years, and financing in the 4-5% range, we’re seeing a lot of interest from people wanting to live the good life here in Steamboat!

Please contact us if you’re coming to Steamboat and would like to look at Steamboat properties during your visit.

(Thanks to Bruce Carta at Land Title for November sales information.  You can contact Bruce at970.870.2822)