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.
Edgemont resale prices on the rise but still a bargain in comparison to the height of Steamboat’s real estate market
Monday, January 26, 2015
Edgemont developers Bear Paw LLC had 3 residences for sale early in 2014 and all closed as of May 2014. January of 2015, there are 3 active resales with prices from $699,000 for a 1 bedroom to $3,600,000 for one of the best ski in / out condos Edgmont has to offer - a 5 bed, 4.5 bath with decks on three sides. The condo residence #2201 was purchased from the original developers in December of 2010 for $3,224,000. The views overlooking the ski area combined with south valley views over the swimming pool and private slopeside access is why this condo was priced at a premium in 2008 for $4,956,000.
If you are doing the math, the price for a 5 bedroom Edgemont condo with ski in access is up by 10% from late 2010, but the current list price is still down 27% from their pricing at the height of our market in late 2007 - early 2008.
Ski in isn’t the only selling point at Edgemont, summers in Steamboat are even better when hanging out in their pool. My wife shot the photo to the left during our visit in summer 2013 with family. I think there was one other person in the pool our entire 2 day stay.
Don’t miss what’s currently on the market at Edgemont.
Thursday, January 22, 2015
Land Title just released their stats for the month of December for Routt County including Steamboat Springs.
December 2014 there were $58.17M in gross sales and 121 transactions. Our year ended with just under $600M in Gross Sales and 1,360 transactions for 2014. That is the highest gross sales volume in Routt County since 2008 besting 2013 by +18.79% in gross sales volume and +6.42% in the number of transactions.
Average Sales Prices: Single Family +10%, Multi Family +11%, Vacant Land +2%
PPSF/PPAC: Single Family +15%, Multi Family +6%, Vacant +25%
Wednesday, January 7, 2015
Steamboat Springs real estate sales volume for Routt County in 2014 was over $540 million with single family homes a major contributer. The mountain area (near the ski slopes) had 44 single family home sales and the median price approached $800,000. Out of 50 homes currently listed in the mountain area, only 15 are priced under $1,000,000 as of today’s date.
The Steamboat Pilot reported that 62 homes priced between $1 million and $2 million had sold in Routt County as of the end of November, however, when they say “62 homes”- that statistic must have included multi-family like condos and townhomes. 39 single family homes sold in 2014 between $1 million and $2 million according to data posted to the Steamboat Springs MLS. Fourteen of the the Buyers were represented by Colorado Group Realty Real Estate Brokers which includes the log home pictured - listed for $1,989,450 and sold for $1,909,500 in July 2014.
Monday, December 30, 2013
Finding great views and plenty of space for a larger family near the ski slopes can be a challenge in Steamboat Springs if you are looking to spend less than $800,000.
Currently there are only 3 townhomes listed for sale with over 3000 Sq.Ft in the mountain area, and if we add private homes to the search, there are 2 as of the date of this Steamboat real estate blog.
Families are drawn to Steamboat Springs and here are just a few reason why as mentioned in Ski Magazine.
Market Guide 2014: Top Family Resorts
West || No. 4: Steamboat, Colo.
“By far my favorite ski resort. Great value. Great snow. Great terrain. Plenty of character in the town and fun things for the family to do. We often went to ‘family jump night’; not to jump, but to watch. Great place to go with a family.”
“Excellent children’s program. Champagne powder. Genuine western hospitality.”
“Fantastic ski school and family ski programs. Amazing powder snow, with almost no lift lines. Friendly atmosphere and helpful people.”
One of the best deals out there for quality construction and nicely appointed features is Eagles Overlook # 104. Eagles Overlook #102 recently sold - a distress sale. In April of 2008 #105 sold for $985,000. #104 listed at $795,000 is one of the lowest prices per Sq.Ft. for a luxury townhouse in Steamboat Springs and HOA dues lower than the competition.
Saturday, December 28, 2013
Photo courtesy of Steamboat Ski Resort - I’d post my own photo but the camera lens was plastered with Pow. Come visit and look me up at the base of mountain next to the Sheraton Hotel entrance. Specializing in Ski-in Condos!
Thursday, September 13, 2012
Edgemont put my family up for a weekend in one of the 3 bedroom condos this summer and they didn’t want to leave. Now I have a problem since the bar is raised so high, the guest bed in our house just isn’t going to cut it anymore for grandma. Steamboat weather was perfect and we had the place to ourselves. There isn’t another new luxury condo development that offers the views and solitude Edgemont condominiums offer - especially in the summer in Steamboat Springs.
April 6th, 2011, Edgemont’s construction loan was paid in full due to strong sales activity over the 2011 winter season with 11 Residences sold. The 2012 season, 3 more units sold with a 5 bedroom, 4-1/2 bath closing at $2,875,000 = $775/Sq.Ft. The Ridge collection featuring 5 bedroom units is sold out.
So how is the market in Steamboat? Edgemont isn’t the only luxury condo development selling, One Steamboat Place sold $46,000,000 in inventory since they restructured their debt a year ago August. In the 1st half of 2012 there were $57,546,517 in sales of condominiums and townhomes in the mountain area close to the Steamboat’s ski slopes.
Since Edgemont is the only option for new construction and luxury finishes in a 2 bedroom condo, the rentals are good.
2011-12 Ski Season for 2 bedroom slopeside condo.
Owner’s Use 3 Reservations 20 Nights $15,795.00 Gross
Rentals 13 Reservations 73 Nights $50,263.75 Gross
Nightly Rates 2012-13
Early/Late Season $ 620
Early Holiday $1250
Value $ 860
HOA cost on a 2 bedroom with slope side views such as unit 2603 rentals above are $14,529/year.
Only a 1 bedroom condo is left and priced at $550,000, Five - 2 bedroom condos from $895,000, five 3 bedroom condos from $1,195,000 and a 3 bedroom + den that looks over the Flattops and South Valley at $1,995,000 - This is reduced from the original pre-construction price of $2,709,000. Out of the remaining inventory, only 3 units are left facing the ski slopes. Personally, I prefer the South Valley views because in the winter, you have sun on your deck apres ski.
See the price list here or call Dean in Steamboat for more information 970-846-8284.
Based on the recent trend of sales, this could be the last season to grab the best pricing at Edgemont ski-in ski-out condominiums.
Bring the kids!
Tuesday, July 24, 2012See more details about Wildhorse
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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.See more details about Wildhorse
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