Steamboat Springs Trailhead Lodge Auction December 15th, 2012

Sunday, December 9, 2012

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Steamboat Springs skiing, is just a step out the front door and a quick gondola ride that takes you to the base of the Steamboat Ski Area. Trailhead Lodge are elegantly decorated condominiums feature hardwood flooring, granite counters, large decks offering spectacular views of the Steamboat Ski Area and Yampa Valley.
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What’s Cooking at Trailhead Lodge

Trailhead Lodge auction is coming up quickly December 15th, 2012. New pricing for Trailhead Lodge at Wildhorse Meadows offers an attractive deal for luxury condos in Steamboat Springs . Newly constructed, fully-furnished condos minimum bids are over 75% off of pre-construction pricing in 2007. A one bedroom + Den with spectacular views of Steamboat Ski Area minimum bid at the auction is $175,000. This is down from the original list price of $815,000 in 2007. Estimated 2012 property taxes for the same unit is $2349 and projected gross rental income information provided by Steamboat Resorts is over $29,000 per year.

I have viewed all the available condo’s and have personally selected some of the better units. Here is a link to video views from some select units.

  • **Registeration is required to be eligible, bidders should complete and return forms prior to Dec 13th, 2013 at 5pm.
  • *Auction day is Saturday, December 15, 2012 at 1pm and will last approximately 1 1/2 hours.]
  • *Home warranty plan. Seller will provide a 14 month home warranty.
  • *Bidders must provide a cashier’s check in the amount of $2,500.
  • *All sales must close on or before January 29th, 2013, (45 days after the auction).

You can bid on line or I can bid for you. There is no fee to you if I represent you, so call me for the inside scoop.
SkiCondos4Sale.com or call Dean Laird, Colorado Group Realty 970-846-8284.

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Steamboat Springs / Routt County June 2012 Real Esate Statistics

Tuesday, July 24, 2012

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June was an amazing month, the best in a long time! There were 109 transactions totaling $65.4 million in sales, with one big sale of $14 million. Even discounting the $14 million sale, the month was way up!

While transaction numbers are still off, there are some good signals for the average price and price per square feet. A notable situation is the lack of Interval Sales, there were only 3.

One of the other factors that really contributed to the sales volume in June was the sell-off of the Trailhead Lodge units. There were 16 units with a gross volume of $7,057,800. Average price per square foot was $368.97.

There were a total of 30 Bank Sales (16 Trailhead Lodge) and 14 in other areas of the county.

The highest priced sale was for a ranch property in the Yampa/Toponas area for $14 million. Although there are 4 residential units on this large acreage property, the value is probably more oriented towards the land size.

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Real estate sale -Steamboat auction of Trailhead at Wildhorse luxury condominiums

Wednesday, April 4, 2012

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Steamboat auction of Trailhead condos - fire sale pricing. A 3 bedroom residence originally advertised at $1,600,000 was just advertised at $425,000.

Sounds too good to be true? It might very well be!

$425,000 is the minimum bid price, but it’s not the reserve price ( “unpublished” price determined by the seller)

Make sure you read the fine print. This is a good example of why you should be represented by a Real Estate Agent when deciding if this opportunity is for you.

As stated in Trailhead Auction Brochure by Kennedy Wilson:

The list price is the opening bid for Auction Day: Sunday, May 6th.
All residences including unit 4104, 3 bed, 3 bath, 1544 sq ft unit advertised at $425,000 “have an “unpublished” reserve price, which means that the seller has established an “unpublished” minimum selling price. The Starting Bid is not the reserve price. The highest bid is subject to acceptance by the seller.
All offers are subject to Seller’s acceptance and will not be reviewed prior to auction date:5/6/2012
The builder reserves the right to modify features, plans, specifications, and materials without notice
The square footage shown is approximate and is not based upon the dimensions shown in the condominium plan and does not reflect the usable square footage of the interior ares of a unit.
It is the responsibility of all prospective buyers to inspect the residences prior to the auction and satisfy themselves as to their physical condition
Purchasers will become members of the Trailhead Lodge Homeowners association and Wildhorse Meadows Master Association.

Auction preview is open daily from 11AM to 6PM
Auction Day Sunday May 6th, 2012 1PM at Denver Marriott City Center.
Bidders are advised to arrive no later than noon.
Auction Seminar Sunday April 29 at 1PM

The HOA (Home owners association) costs include an outdoor heated pool, several hot tubs, athletic facilities and a gondola. How will these costs and other land transfers effect the monthly HOA cost and what is the history?

Call Dean Laird to register for the auction 970-846-8284 or contact me.

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Discounts and Incentives Offer Real Estate Deals for Buyers in Steamboat Springs, CO

Sunday, February 19, 2012

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Buyers 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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Highmark and Trappeurs Crossing Condos close out 2011 with 15 sales in the Steamboat Springs Real Esate Market

Friday, January 6, 2012

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Deals 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.

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See more details about Edgemont
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Trailhead Lodge releases winter 2011-2012 price list with huge reductions in the Steamboat Springs real estate market

Saturday, November 19, 2011

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Trailhead Lodge releases winter 2011-2012 price list with huge reductions in the Steamboat Springs real estate market. Some of these units have discounts greater than 50%! The snow is flying here at the Steamboat Ski Area and opening is a few days away, so now is the time to snap up the current bargains.

Contact me for more information.

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