Steamboat Real Estate Week in Review: September 15-21, 2008
The activity on Wall Street last week kept real estate activity in Steamboat at a minimum. Although 11 places closed, only two went under contract. List price to sold price continues to average about 96% and there are certainly potential buyers looking at property, but last week was one of those weeks some people went back on the fence and others were too busy watching CNBC.
Stocks have been incredibly volatile: down 500 points one day and up 400 the next. With such huge swings in the market, and the potential to fall further, real estate remains an investment where you can park your money and historically see appreciation.
Real estate prices go up. Period. There are times (and this is one of them) where prices are flat or go down, but if you look at a long term view and not have the flipper mentality where you only plan to own for a year or two, you will undoubtably make money.
Even better, you have a place—and a reason—to come to Steamboat Springs.
If you would like information about the Steamboat Real Estate market, or the details on some of these transactions, call Eliese at (970) 819-6372 or email me.
Here are the weekly sold details:
Steamboat Real Estate Weekly Report
|
Steamboat RESIDENTIAL Real Estate- Sold |
|
Steamboat Real Estate Summary Statistics |
||||
|
|
High |
Low |
Average |
Median |
|
List Price: |
$4,800,000 |
$199,000 |
$882,869 |
$625,000 |
|
Sold Price: |
$855,000 |
$199,000 |
$503,681 |
$545,000 |
|
Routt County Development |
ADDRESS |
BR |
LP |
SP |
|
North Routt Hahn’s Peak Village |
Vacated Alley Hahn’s Peak |
One |
$199,000 |
$199,000 |
|
Hayden, Colorado Single Family Home |
E Jefferson |
Two |
$242,000 |
$240,500 |
|
Steamboat Mountain Area Condo Walton Village Condo |
SPARTA PLAZA |
Two |
$349,500 |
$325,000 |
|
North Routt Steamboat Lakes |
Golden Tide Place |
Four |
$385,500 |
$382,000 |
|
North Routt Steamboat Lakes |
NEPTUNE PLACE |
Four Plus |
$469,000 |
$465,000 |
|
Steamboat Springs Fractional Ownership Grand Summit Resort Hotel (The Grand) |
2300 Mt. Werner Circle |
Three |
$625,000 |
$545,000 |
|
Steamboat Springs Townhome Columbine Landing Townhome |
Aster Place |
Three Plus |
$624,900 |
$590,000 |
|
Steamboat Mountain Area Single Family Whistler Meadow |
Brome Dr. |
Four |
$635,000 |
$616,000 |
|
Fish Creek Area Townhome Sleepy Hollow |
Sleepy Hollow Lane |
Three |
$669,000 |
$648,000 |
|
Elk River Area Elk River Mountain Ranch Subdivision |
Diamond Back Way |
Three |
$895,000 |
$855,000 |
|
|
Total Listings |
|
Avg |
Avg |
|
|
10 |
|
$509,390 |
$486,550 |
|
Steamboat RESIDENTIAL Real Estate – Pending |
|
Develop |
ADDRESS |
LP |
$/Tot Sq Ft |
|
Fish Creek Falls Area Caribou Run Subdivision |
Caribou Lane |
$759,900 |
$191.56 |
|
|
Total Listings |
Avg |
Avg |
|
|
1 |
$759,900 |
$191 |
Steamboat Springs LAND Summary Report
|
Steamboat LAND Sales- Solds |
|
RESIDENTIAL Summary Statistics |
||||
|
|
High |
Low |
Average |
Median |
|
LP: |
$895,000 |
$199,000 |
$532,163 |
$624,900 |
|
SP: |
$855,000 |
$199,000 |
$486,550 |
$505,000 |
|
Acres # |
Acre $ |
Legal Desc |
LP |
SP |
|
|
$823,500 |
40.14 |
$20,516 |
South Valley Sidney Peak Ranch Filing# 3 |
$823,500 |
$675,000 |
|
|
|
|
|
Avg |
Avg |
|
|
|
|
|
$823,500 |
$675,000 |
|
Steamboat LAND sales- Pending/Under Contract |
|
Ask Price |
Acres # |
Acre $ |
Legal Desc |
List Price |
|
$4,800,000 |
2,400.00 |
$2,000 |
Large Ranch outside of Routt County. |
$4,800,000 |
|
|
|
|
|
Avg |
|
|
|
|
|
$4,800,000 |
Posted: September 21st, 2008 under Market Reports.
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