Steamboat Real Estate

Last week, with the Steamboat Springs high school graduation, school ending, relatives visiting, and real estate showings, I didn’t get a chance to post the week in review. So this week, I’ve included the sold and pending information for two weeks.

(This information doesn’t include the $45,000,000 sold last Friday at the Edgemont sale. Buyers at Edgemont signed paperwork and put down deposits, but the sales won’t be recorded until the Certificates Of Occupancy are signed 18-24 months from now.)

Here is the Steamboat Springs Sold and Steamboat Springs Under Contract numbers for the last two weeks:

There were 23 Steamboat Springs and Routt County properties that sold. Twenty of them were Steamboat residential properties, mainly Steamboat condos near the ski mountain. They ranged in price from a $63,000 mobile home in Hayden to a $2,245,000 house in The Sanctuary, one of Steamboat Springs’ exclusive golf communities.

Sold prices were 94% of List prices. Interestingly, it was that Sanctuary home that pulled the Sold-to-List ratio down. Without the Sanctuary home (which sold for $535,000 off the asking price), Steamboat property sold for 97% of the asking price.

The other 3 Steamboat Sold properties were land parcels that sold for 97% of asking price.

It’s true that the asking prices have been being adjusted recently, and most prices are being lowered. In many cases, the Sellers were pricing their property like it was still the wild real estate days of last summer. Back then, Sellers would look at a similar list price and add on a few thousand dollars to their place knowing they’d get it as soon as the lower priced one sold.

So the list prices of the real estate currently on the market are being reset to where they should have been in the first place.

Here are the details: (Call 970-819-6372 for email me or specifics)

Steamboat Springs Real Estate Solds–Residentials

Steamboat Springs Residential Real Estate - Sold

Steamboat Multi-Class Summary Statistics
	High	Low	Average	Median
LP:	$2,960,000	$63,000	$691,626	$499,900
SP:	$2,425,000	$63,000	$653,152	$475,000

Develop	ADDRESS	DOM	LP	SP
Hayden	W Jefferson	0	$63,000	$63,000
Hayden	Sonesta Drive	33	$165,000	$159,000
Craig	E 9th St.	295	$247,700	$247,700
Ski Time Square	Ski Time Sq	51	$389,000	$380,000
Steamboat Village Inn	Village Court	66	$429,000	$405,000
Sunray Meadows Condos	Columbine Dr	77	$445,000	$420,000
Steamboat II Subdivision	Sunset Lane	70	$429,900	$429,900
Villas @ Walton	Morgan Ct	47	$455,000	$455,000
Steamboat Lakes	Neptune Drive	149	$499,900	$475,000
EagleRidge Lodge	1463 Flat Top Circle	65	$599,000	$580,000
Spruce Knoll Sudivision	Conifer Circle	51	$615,000	$610,000
Norwegian Log Condo	2400 Ski Trail Lane Unit	61	$650,000	$630,000
West End Village	Abbey Road	238	$745,000	$690,000
CrawfrdAddtoSS	Logan Ave.	46	$769,000	$740,000
Park Place	Park Place	146	$895,000	$880,000
Cornerstone	1510 Moraine Circle,	97	$995,000	$985,000
Fairway Meadows Subdivision	Natches Way	87	$1,096,000	$1,050,000
Sunset Ridge	Little Moon Trail	178	$1,150,000	$1,075,000
Stonewood@Eagle	Eagle Glen Drive	739	$1,700,000	$1,733,015
Sanctuary The Subd	Clearwater Trail	121	$2,960,000	$2,425,000
	Total Listings	Avg	Avg	Avg
	20	130	$764,875	$721,630

Steamboat Springs Real Estate Solds-Vacant Land

Steamboat Springs LAND - Sold

Steamboat RESIDENTIAL Summary Statistics
	High	Low	Average	Median
LP:	$2,960,000	$63,000	$764,875	$607,000
SP:	$2,425,000	$63,000	$721,630	$595,000

ADDRESS	DOM	LP	SP
Dry Creek South Road, Hayden	124	$84,900	$84,900
RCR 14/RIVER ROAD	12371	$175,000	$185,000
TBD Elk View Drive	236	$350,000	$320,000
Total Listings	Avg	Avg	Avg
3	4243	$203,300	$196,633

There were 15 Steamboat Springs properties that went under contract in the last two weeks.

Eleven were residential properties and the average days on market was 78 days.

Steamboat Springs Real Estate-Pending Sales

Steamboat Springs Residential Real Estate - Pending

Steamboat Multi-Class Summary Statistics
	High	Low	Average	Median
LP:	$2,270,000	$30,000	$697,133	$545,000
SP:	$0	$0	$0	$0

Develop	ADDRESS	DOM	LP	$/Tot Sq Ft
Ski Time Square	Ski Time Sq Dr	77	$310,000	$376.21
Suncrest Thm	Hilltop Pkwy	99	$409,000	$322.81
Mountain Vista Townhome	Mt. Vista Circle	63	$449,000	$324.42
Sierra View Subdivision. Oak Creek	Oak Ridge Circle	143	$545,000	$192.38
Willett Ridge Subdivision	Cherry Drive	57	$629,000	$351.99
Fairview Add Ss	Evans Street	52	$639,000	$271.68
Other	Gilpin Street	168	$649,000	$374.50
Tree Haus	Tree Haus Drive	1	$799,000	$282.83
Other	HWY 131	4	$1,195,000	$543.18
Christie Condos	Ski Time Square Drive	142	$2,000,000	$916.59
Male Property Subdivision	Glacier Ridge	52	$2,270,000	$488.70
	Total Listings	Avg	Avg	Avg
	11	78	$899,454	$404

Steamboat Springs Vacant Land–Pending

Steamboat Springs Vacant Land - Pending

Steamboat RESIDENTIAL Summary Statistics
	High	Low	Average	Median
LP:	$2,270,000	$310,000	$899,454	$639,000
SP:	$0	$0	$0	$0

ADDRESS	Acres #	DOM	LP
TBD 13th Street	0.01	224	$30,000
TBD Maverick Way	0.85	44	$59,000
Silverview Estates	0.41	203	$275,000
Total Listings		Avg	Avg
3		157	$121,333

Steamboat Springs Commercial Real Estate–Pending

Steamboat Springs Commercial Real Estate - Pending

Steamboat LAND Summary Statistics
	High	Low	Average	Median
LP:	$275,000	$30,000	$121,333	$59,000
SP:	$0	$0	$0	$0

ADDRESS	DOM	LP
S Walnut Street, Hayden	88	$199,000
Total Listings	Avg	Avg
1	88	$199,000