Steamboat Springs Grand Fractional Sales Heat Up in January
Steamboat Springs, Colorado doesn’t have a lot of fractional ownership opportunities, and the Steamboat Grand real estate action in January reflects that. There are many reasons people buy 1/8th or 1/4th fractional ownership shares at the Steamboat Grand. Steamboat locals buy for the parking pass and ski storage, access to the pool area, and a place for visitors to stay. Guests to Steamboat have a four star facility to stay when they ski which is rising in value. The price of a Grand fractional unit is within reach of most Steamboat visitors.
Since the auction two seasons ago when ASC (who owned Steamboat prior to Intrawest) sold off all inventory, the Grand has been an excellent investment as well. Last month, 9 units were listed for sale, 8 went under contract, and 4 units sold.
That means if an owner lists their unit for sale, the chance that it will sell within 30 days is very high.
And each of the 4 units that sold went for 100% of their asking price.
Prices for a one bedroom, two bath Clydesdale floorplan 1/8th ownership start at $55,000. Two bedroom 1/8th fractional ownerships start at $86,000. There is also a four-bedroom penthouse with 2,866 square feet for $235,000.
For more information on the Steamboat Grand floor plans, amenities, or price appreciation, please call Eliese Pivarnik, (970) 819-6372.
Posted: February 4th, 2008 under Fractional Ownership.
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