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Steamboat Real Estate Market Report for Oct 1-15, 2009

Over $10 million of Steamboat Springs real estate changed hands the first two weeks of October.  Interestingly, all the Steamboat single family homes that sold (5 of them) were between $400,000-$510,000.   Most were older homes located in Old Town.   What’s interesting is that the average price for a Steamboat single family home is quite a bit higher than the prices shown for the first two weeks in October.

At the higher end, new Steamboat Condos and Townhomes were what buyers wanted.  Three Trailhead Lodge condos, one downtown Olympian condo, a new luxury duplex near the Rollingstone Ranch golf club, and an Eagle Ridge townhome closed.

Buyers who closed on Steamboat properties were averaging 93.4% of the asking price.

Luxury homes and well-priced ski condos are beginning to go under contract as buyers look toward the beginning of ski season.  The Sanctuary has seen quite a few sales this year (another one went under contract last week) and a ski-in, ski-out Antlers went under contract.  (The last Antlers sale was a year ago.)

Here are the details:

Steamboat Springs RESIDENTIAL Real Estate – Solds
Development ADDRESS Bedrooms List Price Sold Price
Phoenix Condos@ Steamboat Springs 2335 Apres Ski Way Two $16,500 $15,000
Other 41296 Hwy #125 Three $119,500 $115,000
Sierra View Condos in Oak Creek 127 Oak Ridge Circle Unit 202 Two $169,900 $159,885
Walton Village Condo 1340 Athens Plaza One $178,000 $171,500
Spring Meadows Condos 2025 Walton Creek Rd. Two $199,500 $185,000
PineOrehousePlaza 380 Ore House Plaza One $239,000 $205,000
Sunray Meadows Condos 3300-4 Columbine Drive Two $295,000 $295,000
Steamboat Fractionals

Porches/More’s

1301 Turning Leaf Court Four $325,000 $300,000
Orig Town Steamboat Springs 173 Maple Street Two Plus $449,000 $400,000
Willett Ridge Subdivision 278 Locust Ct. Three $449,000 $410,000
Other 112 Hill Street One Plus $499,000 $450,000
Bearview Subdivision 1445 Manitou Street Two $560,000 $500,250
Other 15100 Highway 40 Three Plus $535,000 $510,000
Enclave @ SS 3324 Spring Valley Drive Three $600,000 $550,000
Wildhorse Meadows – Trailhead Lodge 1175 Bangtail Way One $630,000 $630,000
Wildhorse Meadows – Trailhead Lodge 1175 Bangtail Way One $650,000 $650,000
Olympian Subdivision 35 5th St., Unit 208 Two Plus $790,400 $790,400
EagleRidge Townhomes 1577 Flattop Circle Five $1,250,000 $1,050,000
Wildhorse Meadows – Trailhead Lodge 1175 Bangtail Way Two $1,225,000 $1,225,000
Fairway Meadows Subdivision 1452 Delta Queen Ct. Four $1,999,900 $1,900,000
Total Listings Avg Avg
20 $558,985 $525,601
Steamboat Springs RESIDENTIAL Real Estate – Pending Contracts
Develop ADDRESS Bedrooms List Price
Grand Summit Resort Hotel (The Grand) 2300 Mt. Werner Circle, Unit 246. IIA Two $82,000
Grand Summit Resort Hotel (The Grand) 2300 Mt. Werner Circle – 633/634 One $109,000
Vista Verde 320 Coronado Place Two $159,900
Walton Village Condo 1395 Sparta Plaza One $170,000
Grand Summit Resort Hotel (The Grand) 2300 Mt. Werner Cir. #704 Five $190,000
Snowden Subdivision 511 Terhune Ave Three $239,500
Phippsburg, CO Single Family 21463 4th Street Three Plus $249,900
Meadowlark Condo 3020 Village Drive 223 Two Plus $269,000
Quail Run Condos 3303 Covey Circle Two $325,000
Stone Lane Meadows 3408 Mica Court Three $409,900
Canyon Creek Condos 2720 Eagleridge Drive Two $418,500
Willows The 1100 Natures Lane Three $488,000
Phoenix @ Steamboat Springs 2315 Apres Ski Way Two $499,000
Meadow Green Stagecoach 30070 Bannock Trail Four $499,000
Silverview Estates 27822 Silver Spur St. Four Plus $819,000
Willett Ridge Subdivision 490 Tamarack Dr Five $950,000
Deer Mountain Estate 42402 Deerfoot Ln Four $1,095,000
Blacktail Mountain Estates 27950 Yellow Jacket Drive Four Plus $1,199,000
Steamboat Springs Real Estate Vacant Land- Solds
BR ADDRESS Develop Stat Date Tot Sq Ft DOM LP $/Tot Sq Ft SP $/Tot Sq Ft
Five 3281 Aspen Wood Lane Sanctuary The Subd 10/9/2009 3782 50 $1,595,000 $421.73
Four 2053 Ski Time Square Drive Antlers@Christies Base 10/12/2009 2387 274 $1,895,000 $793.88
Total Listings Avg Avg Avg Avg Avg
20 153 $583,085 $278
Steamboat Springs Real Estate  Vacant Land- Pending Contracts
Acres # Legal Desc ADDRESS List Price Sold Price
1.19 LOT 11 MULTI FAMILY LOTS IN HORSEBACK tbd Seneca $30,000 $24,000
1.23 LOT 10 MULTI FAMILY LOTS HORSEBACK 33593 Seneca $30,000 $24,000
3.77 A tract of land in teh NE 1/4 NE 1/4 OF Section 30. Township 6 North, Range 78 west of 6th. TBD JCR #27 $54,950 $40,000
11.23 See Associated Docs for full legal description. TBD JCR #21 $149,500 $120,000
5.00 LOT 4 LYNX BASINS ESTATES Lot 4 Lynx Basin Estates $199,000 $165,000
Total Listings Avg Avg
5 $92,690 $74,600
AND – Pending
Acres # Legal Desc ADDRESS List Price
5.78 Pt of Lot 42, All of Lot 43 Blacktail Mountain Estates Total 5.75 Acres TBD Yellow Jacket Drive $375,000
1.21 Lot 136 Sanctuary, F.5 2887 Heavenly View $650,000
Total Listings Avg
2 $512,500
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