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

Friday, January 6, 2012

Deals at [tag]Highmark[/tag] [tag]Steamboat Springs[/tag] and [tag]Trappeur’s Crossing[/tag] Condominiums in the [tag]Steamboat Springs real estate[/tag] market were snatched up at nearly half the price/sq.ft. of other [tag]ski-in/ski-out[/tag] real estate developments such as [tag]One Steamboat Place[/tag] and [tag]Edgemont[/tag]. 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 [tag]Timberline[/tag], [tag]Champagne[/tag], [tag]Aspen[/tag], [tag]Emerald[/tag] and [tag]Bear Lodge[/tag], 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 [tag]distressed[/tag]. 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 [tag]Trailhead at Wildhorse[/tag] at about 50% off original list price, [tag]Eagleridge[/tag] selling well below 2007 pricing and we’re beginning to see some better deals at [tag]Chateau Chamonix[/tag].

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