Steamboat Springs Sees Another Record Month in Real Estate Activity in part due to COVID-19
Tuesday, November 24, 2020See more details about Ranch
Where are all these Steamboat home buyers coming from?
Recent showings of my equestrian - recreational property on the road to Steamboat Lake were younger families from southern states. They tend to have middle school - high school aged kids and are looking for a place to play outdoors with access to public lands, privacy from neighbors, and the possibility of moving here permanently. You can take a virtual tour of Phantom Springs Ranch here.
With Increased Demand Comes Increased Home Values
In 26 years of real estate I didn’t do many sales in excess of $1M. In the past 60 days from this post date, there have been a total of 32 pending and closed sales for single homes over $2M. The average price of a home in Steamboat Springs is now $1.4M up 18% since this time last year, here are the home sales in the past 30 days. Low inventory, cost of land, high construction cost and high demand since COVID-19 continues to drive up prices.
During October, residential properties in Steamboat Springs went under contract in 15 days on average.
Lets Break another Record
My actual wish is to see a record year of snow, this last couple months of home sales is concerning because its not always a good thing to grow too fast, but always a good thing to see abundant powder. See Steamboat’s snow alarm.
Dean Laird, Broker/Owner, Colorado Group Realty, LLC, Steamboat Springs Colorado
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Setting a benchmark at crisis time, Steamboat Springs Real Estate
Sunday, March 22, 2020
Having been in this business for 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. (I had to redact my original thought here), I’m first to admit I didn’t anticipate the effect of COVID-19 and end result for the Steamboat Real Estate Market. See what I have sold lately.
You can sign up to receive market reports directly from our MLS by contacting me.
West condo sale a deal if a Arms Length Transaction
Monday, February 10, 2020See more details about West
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.
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Fox Springs: Steamboat’s Newest Condominium Development
Monday, January 20, 2020See more details about Fox Springs
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.See more details about Fox Springs