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Steamboat Real Estate Week in Review: September 22-28, 2008

Here’s a quote from Warren Buffet worth thinking about as we wrap up another slow week in Steamboat real estate:

“If you buy the same [way] as other people, you will have the same results as other people.  It is impossible to produce a superior performance unless you do something different from the majority.  It is true, that to buy when others are actively selling, or to sell when others are greedily buying, requires the greatest fortitude–but it often pays the highest reward.”

Here is the information for the four sold Steamboat properties and five pending Steamboat properties:

Steamboat Springs Real Estate Summary Report

Steamboat Springs RESIDENTIAL Real Estate- Sold

Steamboat Springs Multi-Class Summary Statistics

High

Low

Average

Median

List Price:

$2,975,000

$89,000

$860,311

$649,000

Sold Price:

$2,595,000

$120,000

$1,051,000

$744,500

Develop ADDRESS BR Tot Sq Ft DOM LP SP
Steamboat Springs Fractional Ownership

Grand Summit Resort Hotel

2300 Mt. Werner Cricle Two 1190 118 $129,900 $120,000
West of Steamboat Single Family

Silver Spur Estates

Silver Spur Street Four 2332 66 $649,000 $629,000
West of Steamboat Single Family

Silverview  Estates

Winchester Trail Three+ 3447 134 $949,900 $860,000
Steamboat Luxury home

Bliss-Daly Exempt

Deerfoot Ave. Five 5700 278 $2,975,000 $2,595,000
Total Listings Avg Avg Avg
4 149 $1,175,950 $1,051,000

Steamboat Springs RESIDENTIAL Real Estate – Pending

Develop ADDRESS Ask Price BR Tot Sq Ft DOM LP
Steamboat Fractional Ownership

Grand Summit Resort Hotel

Steamboat Grand $89,000 Two 1383 28 $89,000
Hayden, CO Townhome 171 S 6th. Street $310,000 Three 1493 108 $310,000
Fish Creek Falls Neighborhood

Stone Ridge

Stoneridge Dr. $885,000 Three 2360 109 $885,000
Yampa River Front Property TBD County Road 14 $1,600,000 Two 0 118 $1,600,000
Total Listings Avg Avg
4 90 $721,000

Steamboat Springs Real Estate Summary Report

Steamboat COMMERCIAL/INDUSTRIAL Real Estate- Pending

RESIDENTIAL Summary Statistics

High

Low

Average

Median

LP:

$2,975,000

$89,000

$948,475

$767,000

SP:

$2,595,000

$120,000

$1,051,000

$744,500

ADDRESS Sq Feet DOM LP $/Sq Feet
Hayden Commercial Space

140 S 6th St.

756 106 $155,000 $205.03
Total Listings Avg Avg Avg
1 106 $155,000 $205
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