Sunday, March 22, 2020
Having been in this business close to 30 years now, I know what to expect at times of crisis. We still have pent up demand for real estate in Steamboat Springs and low supply, but not much is moving which could mean our market is about to change.
To monitor change, set a benchmark and watch the market. Sellers will have to get real about their pricing and better Buying opportunities for residential homes and condos should be on the horizon. February 2020, may have been the peak of our market this year.
Monday, February 10, 2020
West Condos with 3 or more bedrooms for sale are rare. The last one posted to the MLS that closed was in April 2008 for $495,000. But not all deals are necessarily found online. Our local newspaper notes a 3 bed sale at The West condos for $385,000. I’m not sure if this was a Arm’s Length Transaction, but if so, the Buyer got a heck of deal. Value depending on quality finishes may be around $500k.
Monday, January 20, 2020
Steamboat Springs’ newest condominium development Fox Springs phase I nears completion. Owners will be moving into their homes soon. The 50-unit 2 bedroom condominium development, located on Hilltop Parkway between downtown and the mountain, is the latest offering from the family-owned construction outfit Kreissig Homes.
Fox Springs is six contemporary, three-story buildings set around a circular drive. Each of the units offers a private deck overlooking park-like grasslands with views of Mount Werner.
Most of the two bedroom, two bathroom homes come with a two-car garage and approximately 1,000 square feet of living space. Prices range from $415K to $475K per unit with a final completion date scheduled for 2021.
Buyers have the option of several interior finishes. Each property comes with stainless steel appliances, maple cabinetry, shaker-style doors and quartz countertops. High efficiency and low maintenance exterior finishes will contribute to the promise of low homeowners fees. See the brochure.
Sunday, April 21, 2019
Steamboat’s popularity continues - Ikon Pass got us going even stronger this year with skier visits and now another recent article and Bloomberg study shows Steamboat Springs ranked 5th on the list of best places to own a vacation home.
One problem with a vacation “home” comes vacation “maintenance”. This is why you may consider the low maintenance option of a townhome with a well managed home owner association (HOA) such as the townhomes at Fox Willow.
Fox Willow townhomes are a smaller complex of only 8 residences, so there isn’t the excitement during popular vacation times as most other condos and townhomes in the mountain area of Steamboat. The development also has 1.4 acres of common area designated as green space.
As popularity of Steamboat Springs continues, so does the idea of owning a vacation home here. Don’t wait until inventory is less as we often see in summer. Less inventory pushes higher prices.
My new listing at Fox Willow available as of 4-19-19 is worth a look as the inventory under $725,000 for a 3 bedroom home with a 2 car garage is limited.
Wednesday, February 6, 2019
Summer 2018 we were down to under 10 single family listings in downtown Steamboat Springs. There are currently 24 homes listed in the downtown area.
The result of more inventory is welcomed news to buyers that were seeing very few choices last year and not so good news for Sellers who priced over what the market could tolerate.
With new inventory in Sunlight and other new developments coming on the market west of Steamboat and the mountain area, combined with the Denver market showing signs of slower sales, the opportunities to find a home in Steamboat Springs Colorado under $1 million are increasing.
Friday, December 2, 2016
All 5 condos at Homestead at Wildhorse are either sold or pending contracts before December 1st. Homestead at Wildhorse Meadows are mountain contemporary designed condos that live more like a townhome or single family home. Contemporary finishes, oversized windows highlighting views of the Yampa valley and use of amenities at Trailhead Lodge was just a few of the features that were unique to the Wildhorse Meadows development. Townhomes are 3 & 4 bedrooms w/ 3+ baths from 1751 SF to 3130 SF and 1 or 2 car garages depending on unit. HOA dues in 2016 run from $7500 to $12,000 per year. More photos and current updates can be found at SkiCondos4Sale.com
Wednesday, May 4, 2016
Steamboat ski area views, unit size, and location in the Olympian building are some factors that effect pricing. A 3rd Floor 3 bed, 2 bath Olympian condo with private patio space and great light recently closed 4/29/2016 for $836,000 or $545/SF. Prices are up 26% over sales in 2013. The Olympian is located downtown on 5th st. across from the Yampa River bike/pedestrian (Core Trail). Walk to dinner and nightlife, Howelson Hill skiing and Emerald trails and all that historic downtown Steamboat has to offer. Olympian condos include parking space in the lower level garage plus storage space. All buyers are subject to a 0.5% transfer fee to the SSWSC upon transfer of title.