Steamboat Real Estate Market Report for May, 2009
Steamboat real estate activity continues to increase, with April 2009 registering the highest sales volume for the year. There were 31 properties in Routt County that went under contract in May, from a $69,000 fractional ownership at the Steamboat Grand to a $2,950,000 single family home in the South Valley. The real estate that is getting offers is priced very well, and is just too good of a deal for buyers to pass up.
There were also 39 properties around Steamboat Springs that sold in May. The average price was $557,836 and ranged from a few Hayden airport garages for $23,000 to a 35 acre land parcel on Buffalo Pass that was listed for $2,249,000 and sold for $1,620,000.
The average list-to-sold ratio was 89% from original price to final selling price. Cash deals are seeing more discounting than those that are financed.
Would you like to learn more about what properties are priced to sell? Please contact us for a short list of properties.
Here are the details of May’s real estate transactions in Steamboat Springs:
| Steamboat Springs RESIDENTIAL Real Estate- Sold |
| ADDRESS | BR | Full and 3 | Tot Sq Ft | LP | SP |
| Steamboat Grand Fractional Ownership
Mt Werner Circle |
Two | Two | 1156 | $67,000 | $65,000 |
| RCR 16 Unit 5, Bldg 1 | Two | One | 864 | $160,000 | $150,000 |
| HWY 134 | Two | One | 1161 | $205,000 | $205,000 |
| Shadow Run Condominiums
Shadow Run |
Two | Two | 841 | $279,000 | $242,500 |
| Columbine Drive #217 | Two | One | 1017 | $271,920 | $260,000 |
| Village Dr. #322 | Two Plus | One | 1085 | $299,900 | $265,000 |
| 4th Avenue | Three Plus | Two | 3870 | $329,000 | $270,000 |
| Red Hawk Village @Stagecoach
Sagebrush Circle |
Three | Two | 1755 | $294,900 | $280,000 |
| Walton Creek Rd | Two | Two | 938 | $307,000 | $290,000 |
| Red Hawk Village @Stagecoach
Sagebrush Circle |
Three | Three | 1951 | $315,000 | $305,000 |
| Sunray Meadows Condos
Columbine Drive |
Two | Two | 1005 | $319,000 | $310,000 |
| Sunray Meadows Condominiums
Columbine Drive |
Two | Two | 1125 | $340,000 | $310,000 |
| Ski Time Square Drive, | Two Plus | Two | 1056 | $349,000 | $318,000 |
| W 9th St. | Three Plus | Three | 3288 | $375,000 | $369,900 |
| Stagecoach, Colorado
Oak Ridge Circle |
Four | Two | 2314 | $385,000 | $375,000 |
| Steamboat Drive | Three | Two | 1200 | $429,500 | $392,000 |
| Stagocoach Colorado
Broken Talon Way |
Two Plus | Two | 1872 | $499,900 | $420,000 |
| Eagle Ridge Townhomes
Flattops Circle |
Two Plus | Two | 1147 | $499,999 | $435,000 |
| Parkview Drive | Three | Two | 1780 | $475,000 | $451,000 |
| McKinnis Creek Rd | Three | Two | 1424 | $515,000 | $483,000 |
| Eddy Ct. | Three | Two | 1909 | $529,900 | $499,000 |
| Merritt | Two | One | 1240 | $529,000 | $529,000 |
| Storm Meadows Drive | Two | Two | 880 | $567,999 | $550,000 |
| Deerwood Ranch Rd | Four | Three | 4560 | $600,000 | $570,000 |
| Caribou | Six | Three | 3967 | $599,900 | $575,000 |
| Ski Time Square Dr | Two | Two | 1249 | $749,000 | $705,000 |
| Mt. Werner Rd. | Three | Two | 2412 | $750,000 | $715,000 |
| Medicine Springs Drive, unit 5104 | Four Plus | Four | 1879 | $1,095,000 | $1,000,000 |
| Medicine Springs Drive, Unit 5203 | Four | Four | 1879 | $998,000 | $1,005,000 |
| Medicine Springs Dr., Unit #5303 | Four | Four | 1793 | $1,050,000 | $1,050,000 |
| Soda Ridge Way | Five | Four | 3341 | $1,499,000 | $1,350,000 |
| Total Listings | Avg | Avg | |||
| 31 | $505,932 | $475,625 |
| Steamboat Springs RESIDENTIAL Real Estate – Pending |
| ADDRESS | BR | Full and 3 | Tot Sq Ft | LP |
| Steamboat Grand Fractional
Mt. Werner Cir |
Two | Two | 1203 | $69,000 |
| Cottonwood | Two | Two | 924 | $85,000 |
| Steamboat Grand Fractional
Mt. Werner Cir |
Two | Three | 1526 | $87,500 |
| Riverside Drive | Two | One | 720 | $265,000 |
| Christie Club Fractional
Ski Time Square Dr. |
Four | Four | 2378 | $279,000 |
| Red Hawk Village @Stagecoach
Sagebrush Circle |
Three | Two | 1755 | $299,000 |
| County RD 183 | Three | Two | 1750 | $299,900 |
CMA Summary Report
| Steamboat Springs RESIDENTIAL Real Estate- Pending |
| ADDRESS | BR | Full and 3 | Tot Sq Ft | LP |
| Red Hawk Village
Sagebrush Circle |
Three | Three | 1951 | $315,000 |
| Red Hawk Village at Stagecoach
Sagebrush Circle |
Three | Two | 1643 | $320,000 |
| Stagecoach Colorado
Cheyenne Trail |
Three | Two | 3154 | $349,000 |
| Anglers Drive #102 | Two | Two | 1169 | $349,000 |
| Steamboat Duplex
Cherry Drive |
Four | Three | 1856 | $399,900 |
| RCR 52 | Five | Three | 2658 | $450,000 |
| Wyatt Way | Three | Three | 2196 | $499,900 |
| 11th St. | Two | One | 761 | $535,000 |
| Steamboat Duplex
Cherry Drive |
Three Plus | Three | 2944 | $595,000 |
| Steamboat Mountain area
Meadow Lane |
Three | Two | 1734 | $619,000 |
| Steamboat Mountain area
Hiawatha Court |
Three Plus | Two | 2100 | $619,000 |
| Silver Spur
Winchester Trail |
Four | Three | 3778 | $699,000 |
| Eagle Ridge Townhome
Flattop Circle |
Four | Three | 2641 | $1,139,000 |
| Stonecreek | Four | Four | 3111 | $1,150,000 |
| Bear Lodge @ Trappeur’s Crossing, | Three | Three | 1836 | $1,245,000 |
| Emerald Meadows Dr | Six | Four | 6262 | $1,600,000 |
| Clubhouse Dr | Five | Five or More | 4276 | $1,675,000 |
| Waters Edge Ct | Three Plus | Three | 2370 | $1,875,000 |
| Eagle Glen Drive | Four | Three | 3779 | $1,995,000 |
| Deerwood Lane | Three Plus | Three | 3242 | $2,950,000 |
| Total Listings | Avg | |||
| 27 | $769,007 |
Posted: June 3rd, 2009 under Market Reports.
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