Colorado Group Real Estate Roundup
Come join your friends and brokers at Colorado Group Realty and learn more about the current Steamboat real estate market. See all the details below.
Colorado Group Real Estate Roundup 2012
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: January 10th, 2012 under "Don't Miss" Activities.
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Steamboat Real Estate/SF Home Sales in November, 2011
Click here for Steamboat condo and townhome sales in November.
Steamboat Area Home Sales Nov 2011
Steamboat single family home sales in November averaged 86% of the asking price based on a few $1M+ sales. The majority of Steamboat real estate sales didn't have significant discounting. Please call us at 970-819-6372 for more information on available Steamboat homes for sale.| Steamboat Neighborhood/ Development | Address | Asking Price | Sold Price | Price Buyers Paid as a % of Asking Price |
|---|---|---|---|---|
| CrawfrdAddtoSS | 204 Missouri Avenue | $579,900 | $549,900 | 95% |
| Fairview Add Ss | 1189 Manitou Ave | $475,000 | $450,000 | 95% |
| Old Town Steamboat | 66 E Maple | $380,000 | $400,000 | 105% |
| Old Town Steamboat | 112 Maple St. | $1,149,000 | $892,400 | 78% |
| Caribou Run Subdivision | 235 Caribou Lane | $599,000 | $567,000 | 95% |
| Fox Hunt Subdivision | 955 Falling Water Lane | $565,000 | $510,000 | 90% |
| Chadwick Estate | 1451 Eagle Glen Drive | $2,375,000 | $1,850,000 | 78% |
| Landings @ Steamboat | 1927 Spinnaker Lane | $649,500 | $565,000 | 87% |
| Rendevous Trails Subdivision | 2692 Burgess Creek Rd. | $599,000 | $528,650 | 88% |
| Sanctuary The Subd | 3121 Aspen Wood Drive | $1,449,500 | $1,359,000 | 94% |
| Sanctuary The Subd | 674 Steamboat Boulevard | $2,895,000 | $2,475,000 | 85% |
| Settlers Crossing | 3442 Hiawatha Court | $450,000 | $400,000 | 89% |
| Ski Trails Subd | 2625 Ski Trail Lane | $1,899,000 | $1,300,000 | 68% |
| Trafalger Estate | 700 Pamela Lane | $449,500 | $420,000 | 93% |
| Tree Haus | 36897 Tree Haus Drive | $1,150,000 | $1,075,000 | 93% |
| Heritage Park | 40183 Lindsay Drive | $245,000 | $245,000 | 100% |
| Metes & Bounds | 50955 Buck Mountain Lane | $550,000 | $465,000 | 85% |
| Metes & Bounds | 42360 Routt County Road 46 | $580,000 | $550,000 | 95% |
| Whitecotton Subdivision | 27665 Whitecotton Lane | $395,000 | $370,000 | 94% |
| Red Hawk Village At Stagecoach | 23500 Sagebrush Circle | $199,900 | $194,000 | 97% |
| Canyon Valley Ranch | 40070 Peak View Court | $359,000 | $335,000 | 93% |
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: December 16th, 2011 under Market Reports.
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Keynes, Tobin’s Q and Steamboat Real Estate
“It is time to buy Steamboat real estate.”
I usually wouldn’t make this blanket statement even though it is true that many Steamboat properties are priced at too-good-to-pass up prices and we’ve seen the bottom of the market in several neighborhoods.
According to Tobin’s Q, a theory James Tobin wrote in the late 1960’s, it’s time to buy. James Tobin’s theory says:
Market value of company / replacement value = Tobin’s Q
So how does that relate to Steamboat real estate? When the price of Steamboat real estate is below replacement cost, stop procrastinating and buy. When real estate prices were rising, developers could build a property then resell it immediately for more than it cost to build. Everyone became a developer (or a Realtor) which lead to the building boom and bust in Steamboat Springs and across the nation.
Now the opposite is true. It’s cheaper to buy a resale home or condo than to build it from scratch, which is why only 500,000 new homes are being built in the US annually, down from 1.6M-2M during the last years of the housing bubble.
Here in Steamboat, 200 (+/-) building permits were issued each year between 2001 and 2006. Last year, only 33 building permits were issued. The market has turned so that buyers can purchase property for less than it would cost to build—and in some cases a whole lot less.
With time, buyers who purchased property now should see nice appreciation gains once the market comes back.
Search all the Steamboat properties for sale here, or call us at 970.819.6372 to talk about what place is right for you.
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: December 15th, 2011 under Real Estate.
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New Listing! North Routt Custom Home
57735 Brown Lane, Clark, CO 80428
MLS No. 132893
Listing Description
This must-see home on 5 acres in North Routt is immaculate and move-in ready. Built in 2008, you’ll appreciate the main level master bedroom suite, three car oversized garage, and an open living area with oak floors, vaulted ceilings and stone fireplace. Let your imagination take over while finishing the lower level which features a large walk-out rec area, 2 bedrooms, 2 baths, and huge storage/workshop. The electric, plumbing and drywall have been installed and only needs your choice of finish trim and flooring to be complete. Two decks for outdoor living and a spacious lot with views and a pond. This gem is minutes from Pearl Lake State Park and Steamboat Lake State Park. No comparison to other homes in the area–this one will surpass your expectations! Read more »
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: November 18th, 2011 under Listings.
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Steamboat Fractional Ownership Sales Since June, 2011
Steamboat Grand with Wildhorse Gondola
Steamboat fractional ownership is a popular choice for buyers who want to own a place in Steamboat without using–or paying for– full ownership. Steamboat Springs fractional ownership opportunities include: The Grand, One Steamboat Place, The Christie Club, and The Porches. These Steamboat fractional properties vary by their usage calendars (how owner weeks are determined), price, amenities, proximity to the slopes, etc.
Please call us at 970.819.6372 to learn about the differences and which one is right for you.
| Development | BR | Full and 3/4 Baths | Status | Asking Price | Sold Price | How Sold | Status Date |
| Christie Condos | Three | Three | PENDING | $159,000 | 11/3/2011 | ||
| Christie Condos | Three | Three | SOLD | $124,900 | $120,000 | CASH | 11/14/2011 |
| Christie Condos | Three | Three | SOLD | $172,900 | $131,000 | CASH | 9/16/2011 |
| Christie Condos | Three | Three | SOLD | $172,900 | $135,000 | OWNER FINANCE | 9/19/2011 |
| Christie Condos | Three | Three | SOLD | $169,000 | $138,500 | CASH | 7/11/2011 |
| Fairway Meadows Subdivision | Four | Four | SOLD | $130,000 | $95,000 | CASH | 6/28/2011 |
| The Grand | One | Two | PENDING | $36,900 | 11/4/2011 | ||
| The Grand | Studio | One | PENDING | $36,900 | 11/8/2011 | ||
| The Grand | Two | Two | PENDING | $68,900 | 11/14/2011 | ||
| The Grand | Two | Three | PENDING | $75,500 | 10/20/2011 | ||
| The Grand | Studio | One | SOLD | $30,000 | $25,500 | CASH | 10/5/2011 |
| The Grand | Studio | One | SOLD | $29,000 | $26,000 | CASH | 10/25/2011 |
| The Grand | Studio | One | SOLD | $31,000 | $28,000 | CASH | 10/24/2011 |
| The Grand | One | One | SOLD | $39,000 | $36,500 | CASH | 8/24/2011 |
| The Grand | One | One | SOLD | $54,900 | $50,000 | CASH | 7/14/2011 |
| The Grand | Two | Three | SOLD | $81,900 | $75,000 | CASH | 6/3/2011 |
| The Grand | Two | Two | SOLD | $117,000 | $113,900 | CASH | 9/23/2011 |
| The Grand | Three | Three | SOLD | $159,000 | $150,000 | CASH | 8/16/2011 |
| One Steamboat Place Fractional | Three | Three | PENDING | $220,000 | 7/22/2011 | ||
| One Steamboat Place Fractional | Four | Four | PENDING | $330,000 | 10/21/2011 | ||
| One Steamboat Place Fractional | Four | Four | PENDING | $330,000 | 8/26/2011 | ||
| One Steamboat Place Fractional | Four | Four | SOLD | $330,000 | $330,000 | CASH | 9/7/2011 |
| One Steamboat Place Fractional | Four | Four | SOLD | $330,000 | $330,000 | CONVENTIONAL | 10/12/2011 |
| One Steamboat Place Fractional | Four | Four | SOLD | $330,000 | $330,000 | CASH | 10/19/2011 |
| One Steamboat Place Fractional | Four | Four | SOLD | $330,000 | $330,000 | CONVENTIONAL | 9/1/2011 |
| Porches/More’s | Five | Five or More | SOLD | $360,000 | $282,180 | CASH | 9/1/2011 |
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: November 16th, 2011 under Fractional Ownership.
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Bank-Owned Lot on Blue Sage in Fish Creek Area
1331 Blue Sage Drive, Steamboat Springs, CO 80487
MLS No. 132278
Fish Creek Falls Area Bank Owned Lot
It’s time to build when you can get these views and this location at a too-good-to-pass-up price. Sloping lot is perfect for walk-out. Don’t miss out on this incredible value a Bank Owned Duplex Lot on Blue Sage Drive.
Steamboat Lot Features
- Property Type: Residential Lots & Land
- Special Conditions: REO/Bank Owned
- Listing Status: ACTIVE
- Listing Price: $164,900
- Zip Code: 80487
- Acres: 0.31
- View: Steamboat Ski Area, Mountain, Neighborhood
- Area: 2-Fish Creek Area
- Electric: To Lot Line
- Gas: To Lot Line
- HOA Per: Not Applicable
- Lot Description: View
- School: Strawberry Park
- Sewer: Sewer Available
- Special Conditions Details: REO
- Sub-Type: Residential/Acreage
- Water Supply: Public Available
Courtesy of Eliese Pivarnik, Colorado Group Mountain
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: November 16th, 2011 under Listings.
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Airfare Sale Thru Nov 30–Come to Steamboat!
Flights into Steamboat are on sale through November 30th and are valid for travel from December 15th through April 2nd from the following cities:
| City |
Fares from |
|
| Minneapolis/St. Paul |
$124* each way |
|
| Atlanta |
$134* each way |
|
| Detroit |
$134* each way |
|
| Austin |
$135* each way |
|
| Chicago |
$135* each way |
|
| Dallas/Ft. Worth |
$135* each way |
|
| St. Louis |
$135* each way |
|
| Los Angeles |
$139* each way |
|
| San Francisco |
$139* each way |
|
| Washington DC |
$139* each way |
|
| Boston |
$150* each way |
|
| Miami |
$150* each way |
|
| NY-LaGuardia |
$150* each way |
|
| Charleston |
$159* each way |
|
| Houston |
$159* each way |
|
| Jacksonville |
$159* each way |
|
| New Orleans |
$159* each way |
|
| Philadelphia |
$159* each way |
|
| Pittsburgh |
$159* each way |
|
| Raleigh/Durham |
$159* each way |
|
| Savannah |
$159* each way |
|
| Tampa |
$179* each way |
|
| Newark |
$199* each way |
* All fares are each way based on roundtrip purchase by 11/30/11. Taxes and fees apply, click airfare prices or details above for terms and conditions.
If you would like to look at Steamboat real estate while you are here, please call us at 970.819.6372 or visit SteamboatSkiCondos.com.
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: November 15th, 2011 under Flight Information.
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Colorado Resort Real Estate Comparison
This Colorado resort real estate comparison is provided by Land Title and shows one reason why so many buyers like buying real estate in Steamboat–second homes are a better value here. Here is a short list of ski areas in the different counties:
Routt County–Steamboat
Pitkin County–Aspen, Snowmass
Eagle County–Vail, Beaver Creek
Summit County–Breckenridge, Keystone
Grand County–Winter Park
Colorado Resort Real Estate Comparison
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: November 7th, 2011 under Real Estate.
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Bank Owned Duplex Lot on Blue Sage Dr. Now $172,850
PRICE REDUCED! BANK OWNED DUPLEX LOT IN THE DESIRABLE BLUE SAGE NEIGHBORHOOD IS NOW ONLY $172,850 This price is 67% OFF LAST SALE IN 2007 OF $525,000. Call 970-819-6372 for details.
1331 Blue Sage Drive in the Fish Creek area of Steamboat Springs
MLS No. 132278
Listing Description
It’s time to build when you can get these views and this location at a too-good-to-pass-up price. Sloping lot is perfect for walk-out. Don’t miss out on this incredible value a Bank Owned Duplex Lot on Blue Sage Drive.
Property Features
- Property Type: Residential Lots & Land
- Special Conditions: REO/Bank Owned
- Listing Status: ACTIVE
- Listing Price: $182,850
- Zip Code: 80487
- Acres: 0.31
- View: Steamboat Ski Area, Mountain, Neighborhood
- Area: 2-Fish Creek Area
- Sub-Type: Residential/Acreage
- School: Strawberry Park
- HOA Per: Not Applicable
- Electric: To Lot Line
- Gas: To Lot Line
- Lot Description: View
- Sewer: Sewer Available
- Water Supply: Public Available
- Special Conditions Details: REO
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: October 4th, 2011 under Foreclosures.
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Autumn View from Storm Peak
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Posted: September 28th, 2011 under Why we Live Here.
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