Tuesday, November 24, 2020
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
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, 2016See more details about Wildhorse
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.comSee more details about Wildhorse
Townhomes and Condos on the golf course still a bargain compared to ski in real estate in Steamboat Springs
Monday, August 31, 2015
Golf season rounds the corner to Ski Season and temps are dropping to the low 40s in the morning. We may be feeling a cool off with the weather, but the market is hot as ever.
This is especially true for homes and townhomes priced under $700,000. Since June 1, 2015, 147 Condos or Townhomes in the mountain area have either sold and closed or are pending sales. Same search for active listings yields only 83 properties as of today’s date.
When you narrow your search to 3+ bedrooms for under $700,000, there are only 25 Steamboat condos or townhomes listed for sale in the mountain area. Factor in HOA fees and try and find dues less than $3000/year and now you have 5 choices.
Location, location, you won’t find anything close to the ski slopes for under $700,000 with 3 or more bedrooms and low HOA dues, but you can live on the 4th tee of Rolling Stone Ranch and Golf course.
Currently, the following listing is the lowest priced townhome or condo on the golf course. This property is next to homes from the low millions to homes from $2 million and up. The complex has only 5 units and its the lowest priced on the golf course.
The Redwoods, MLS 141376 pictured left is priced at $550,000. There are no other choices in that price range on the course.
Contact Dean Laird, Colorado Group Realty for more information on the Redwoods in Steamboat Springs Colorado.
Monday, August 10, 2015
Whistler Village Townhomes has 2 active listings fitting this search - prices from $218,000.
It was an active market this year for Whistler Village with 13 sales ranging from $169,900 to $264,000 for a 968 Sq. Ft. 2 bedroom condo.
Finishes have varied greatly as did the prices and as the inventory shrank to 1 this summer, list prices were driven up a whopping 65%. A sudden burst of inventory drove prices back down to the low $200s mid summer and now in August 2015, the inventory is once again limited under $230,000. A recent new listing at Whistler Village townhomes for $219,000 has gone under contract in under 2 weeks.
Nicer finishes typically reflect a higher price, Cedar Ct. #9 (pictured) is one of the best deals now on the market fitting the search desribed above, priced at $229,000.
Sunday, June 21, 2015
Antler chandeliers and elk art prints increasingly have some competition with metal lamp shades and abstract photography. The desire for the Colorado standard of rustic log and stone is falling to the simple color schemes and clean lines of a contemporary home design. If you are looking for that Colorado nostalgia and you favor the subtle feel of a modern home, mountain meets contemporary for a “Mountain Modern” home at 3407 Apres Ski Way in Steamboat Springs, Colorado.
Post and Beam construction with handscribed pine for that slightly rustic log look. Rock accents, rusted metal roofs and beautiful contemporary interior finishes fill the desire for a mountain modern home. When you enter the front door, you’ll most likely mumble “Wow!”. The great room spans 30ft with very tall exposed beam ceilings. The kitchen has 2 dishwashers and a 6 burner gas range - again “Wow!”.
Recent sales and modern designs in new speculation homes being built today, are further proof this change has taken hold. Not to soon for my wife and modern artist Michelle Ideus (painting pictured above) who was fortunate to kickoff this trend when One Steamboat Place purchased her paintings and prints to be displayed in most every condominium unit. One Steamboat Place is now very close to selling out.
Tuesday, April 14, 2015
Lake Catamount located 9 miles south of the Steamboat Ski resort - 15 minutes driving, has seen a lot of activity in the past year. Today, the last home offered for sale is under contract.
Since 2007, there have been 12 single family homes sell in this lakefront neighborhood. The homes ranged from 2300 Sq.Ft. up to 8000 Sq.Ft., all beautifully constructed with the majority capturing spectacular views of the Lake.
In the past year, there have been 6 sales. One single family home and all 5 of the townhomes offered for sale have sold.
32625 Hudspeth Lane on 35 acres offered privacy and views of Lake Catamount. The 4 bedroom, 3-1/2 bath home with a 3 car garage featured a wide open living room with vaulted ceilings, large windows, and a cozy three-sided fireplace. Asking price was $2,450,000.