Sunday, February 19, 2012
Discounts and Incentives Offer Real Estate Deals for Buyers in Steamboat Springs, CO
See more details about EdgemontSee more details about Trailhead at WildhorseSee more details about Trappeurs CrossingBuyers looking for high-end, luxury condominiums in Steamboat Springs are in a great position to find some deals. A recent surge of price reductions and developer incentives has increased interest in some of the best properties on the market. Demand is still lagging supply, however there have been 16 sales over $800,000 for condos and townhomes in the downtown and mountain areas since November 2011, and our busiest selling season is just beginning.
The relative abundance of luxury real estate has sellers competing for buyers to keep this recent condo buying trend in motion. For example, the developers of the ski-in/ski-out luxury condos at Edgemont are offering to pay three years of HOA dues on the next sale of any of the 13 remaining condos. They are also offering two years of paid HOA dues estimated at $22,000 annually for the next phase of to-be-built four and five bedroom townhomes. And while the townhomes are being built, they will provide use of Edgemont Ridge condos for up to two weeks in both the winter and summer seasons!
Two other properties, Cimmaron Townhomes across the street from the Steamboat Ski Area, and Norwegian Log, an older ski-in/ski-out are also offering a price reduction.
Bear Lodge at Trappeur’s Crossing is offering 25% off the next sale of their remaining new 3 or 4 bedroom luxury condominiums located one block from the base of the Steamboat Ski Resort. The offer also includes paid HOA dues for 3 years.
Recently discounted pricing makes these high-end condos an attractive deal for anyone looking for resort properties. Listing prices are less than $500 per square foot.
Newly constructed Trailhead Lodge at Wildhorse Meadows slashed prices of its fully-furnished condos up to 50% off the original listings with prices now in the mid-$400 per square foot range.
Deals don’t stop at the ski area. In downtown Steamboat Springs condos in the newly constructed Howelsen Place and Alpenglow Lofts have incentives also. Up to 25% off at Howelsen Place and 35% at Alpenglow on the next two sales at each property.
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See more details about EdgemontSee more details about Trailhead at WildhorseSee more details about Trappeurs CrossingFriday, January 6, 2012
Highmark and Trappeurs Crossing Condos close out 2011 with 15 sales in the Steamboat Springs Real Esate Market
See more details about EdgemontSee more details about Trailhead at WildhorseSee more details about Trappeurs CrossingDeals at Highmark Steamboat Springs and Trappeur’s Crossing Condominiums in the Steamboat Springs real estate market were snatched up at nearly half the price/sq.ft. of other ski-in/ski-out real estate developments such as One Steamboat Place and Edgemont. Quality finishes and walk to the ski slope access made these deals even more attractive with Highmark selling from $355 to $455/sq.ft. in 2011; the price range was dependent on location and views, and 5 of the 6 sales at Highmark were distressed. Trappeur’s Crossing condos price ranges, including Timberline, Champagne, Aspen, Emerald and Bear Lodge, were from $320/sq.ft. for Timberline to the newer construction and higher quality finishes of Bear Lodge at $500/sq.ft. for a 5 bedroom. None of the Trappeur’s Crossings sales were distressed.
In contrast, One Steamboat place sales ranged from $629/sq.ft. to $926/sq.ft. for their premier property. These sale prices are 30-40% off their original release prices in 2007! Edgemont recently closed their 5 bedroom bunk house with the magnificant views for $780/sq.ft.; the top sale was $826/sq.ft.
Many more exceptional deals can be had at other ski-in/ski-out and close-to-the-slopes properties in Steamboat Springs. A few to watch include Trailhead at Wildhorse at about 50% off original list price, Eagleridge selling well below 2007 pricing and we’re beginning to see some better deals at Chateau Chamonix.
Technorati Tags: Highmark, Steamboat Springs, Trappeur’s Crossing, Steamboat Springs real estate, ski-in/ski-out, One Steamboat Place, Edgemont, Timberline, Champagne, Aspen, Emerald, Bear Lodge, distressed, Trailhead at Wildhorse, Eagleridge, Chateau Chamonix
See more details about EdgemontSee more details about Trailhead at WildhorseSee more details about Trappeurs CrossingWednesday, October 5, 2011
Free Furniture for Next Edgemont Sale!
See more details about EdgemontTHE NEXT 2 BEDROOM RESIDENCE AT EDGEMONT TO GO UNDER CONTRACT, BEFORE NOVEMBER 15th, WILL COME FULLY FURNISHED!
At your choice, the developer will either deliver the real estate fully furnished or give a $50,000 allowance towards a furniture package at closing. Your ski-in / ski-out Steamboat Springs residence will be prepared in time for the New Year so all you need to worry about is what your are going to do during your trip to Steamboat.
Contact me for more information about this exciting offer!
Technorati Tags: EDGEMONT, real estate, ski-in, ski-out, Steamboat Springs
See more details about EdgemontThursday, June 9, 2011
Edgemont’s Current Financial Condition
See more details about EdgemontEdgemont has $7M in outstanding debt that will be paid in full by May 2011. It’s over 50% sold, with 18 condos remaining. 70% of the original contract holders (back in 2007) closed, which underscores the viability of the project. Edgemont is not holding any contracts back as “potential sales” which could skew the numbers; the ones that didn’t close are back on the market and ready for new buyers.
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See more details about EdgemontNew Edgemont Price List
See more details about EdgemontPricing for the remaining fifteen residences at Edgemont as of April 22, 2011 are here.
Some things to note:
- 2 Bedroom Units: The remainder of our two bedroom units have been reduced up to $275,000 from winter pricing and residences (#2306 & #2403) are now priced just under $1 million at $995,000.
- 3 Bedroom Units: #2402, #2408, #2502 and #2608 have each been reduced between $50,000 and $90,000.
In addition to the release of this new pricing, Edgemont is excited to announce the Spring/Summer 2011 Sales Program – NO OWNERSHIP COSTS UNTIL SKI SEASON 2011/2012 BEGINS! This means HOA Dues, Property Taxes & Electricity will be paid by the developers while you are sunbathing at the Edgemont pool this summer!
On another note, Edgemont has had a few interested buyers inquire about partnership opportunities for both usage and financial reasons. If you are interested in joining another family in ownership at Edgemont, please contact me, and I will be happy to help facilitate the discussion.
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See more details about Edgemont
