Steamboat Real Estate Home Search and Blog

Last week, seven Steamboat Springs properties sold and five went under contract.  Sold properties included a few entry level mountain condos and a large ranch in Slater.

Steamboat properties that are now pending include 2 ski-in, ski-out properties (read here how ski-in, ski-out properties are a great investment) and a Marabou Ranch homesite.

There could be a lot more sales if buyers and sellers were on the same page.  There are definitely buyers out there looking at properties and making offers.

Sellers either don’t want to believe Steamboat real estate values have dropped or they bought at the peak, put money into the property, and are now looking for a price to cover expenses.   Those sellers are unwilling to accept less.

Buyers, on the other hand, are either looking for desperate sellers who need to sell or they are concerned that prices will drop so they’re cushioning their offers to allow for prices to come down. The market will correct as Buyers and Sellers meet each other in the middle. Here are the week’s details:

Steamboat Real Estate Summary Report

Steamboat Springs RESIDENTIAL Real Estate – Sold

Steamboat Springs Multi-Class Summary Statistics
	High	Low	Average	Median
List Price:	$4,800,000	$149,000	$1,100,741	$436,950
Sold Price:	$3,940,000	$130,000	$945,142	$488,000

Develop	ADDRESS	BR	LP	SP
Steamboat Mountain Area West Condo	Mt. Werner Circle	Studio	$149,000	$130,000
Steamboat Mountain Area Whistler Village Townhome	Redwood	Two	$290,000	$278,000
Steamboat Mountain Condo Ski Ranch Mt Werner	Apres Ski Way	Two Plus	$374,900	$360,000
Steamboat Single Family Steamboat II Subdivision	Anchor Way	Three	$499,000	$488,000
Old Town Single Family Highlands Subdivision	The Boulevard	Four	$599,000	$585,000
Steamboat Luxury Townhome Stone Ridge	Stoneridge Dr.	Three	$885,000	$835,000
	Total Listings		Avg	Avg
	6		$466,150	$446,000

RESIDENTIAL – Pending

Develop	ADDRESS	BR	LP
Steamboat Ski-in Ski-out Fractional Ownership Christie Condos	Ski Time Square Drive	Three	$179,000
Fish Creek Falls Area Townhome Suncrest Townhomes	Hilltop Pkwy	Three	$339,000
Mountain Area New construction The Aspens At Walton Creek	Aspen Leaf Way	Two	$349,000
Ski-in, ski-out Luxury Condo Antlers@Christies Base	Ski Time Square Drive	Four	$1,995,000
	Total Listings		Avg
	4		$715,500

Steamboat LAND Summary Report

Steamboat Springs LAND – Sold

Steamboat RESIDENTIAL Real Estate Summary Statistics
	High	Low	Average	Median
LP:	$1,995,000	$149,000	$565,890	$361,950
SP:	$835,000	$130,000	$446,000	$424,000

Acres #	Legal Desc	List Price	Sold Price
2,400	Slater, CO ranch	$4,800,000	$3,940,000
		Avg	Avg
		$4,800,000	$3,940,000

Steamboat Springs LAND – Pending

Ask Price	Acres #	Legal Desc	LP
$2,750,000	6.68	Marabou Ranch Homesite	$2,750,000
			Avg
			$2,750,000