8 condos with 2 or more bedrooms left to buy in Steamboat Springs

Saturday, November 2, 2013

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Steamboat condos shadow runWhat’s affordable for a condo in Steamboat with 2 or more bedrooms?  The real estate market for older 2 bedroom condos has been pretty soft until just recently. Since November 1st 2012, we have seen 25 sales for condos in Steamboat with 2 or more bedrooms sell and as of the date of this Steamboat real estate blog, there only 8 on the market. 

The best deal at Walton Creek is now under contract, so the next best deal per price per square foot, nicer finishes, near the mountain and on the city bus route suitable for both nightly and long term rentals is located at Shadow Run for $174,900 at just $150/SF.

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Is the lower budget Steamboat condo foreclosure inventory on the rise?

Saturday, December 11, 2010

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In 2007, Walton Village condos, Shadow Run, Rockies were double the price they are today. These 3 condominium developments now top the list with the most REO (bank owned) properties on the market today. Its no surprise that the low inventory, easy financing and desire to get a foot in the door lead to prices doubling in a just a couple years. What is a surprise is that this all happened after the rest of the country was in decline. We were quick to rise, slow to fall and appearing to be quick to recover. Or are we lining up to be fooled again? The sales don’t indicate so, but what about all those yet to hit the market? Our inventory of REO condominiums are for the most part, the budget or lesser priced 1 and 2 bed units in older developments. Currently there are just 13 listings and most are under $200,000 with an exception of a ski-in ski-out Dulany condo listed for $429,950 and a Eagleridge townhouse for $657,500. There are 4 pending sales and 1 closed condo in the past 30 days or so as of the date of this post. 2 sales were older 1 and 2 bedroom condos with list prices similar to those on the market today. The other 2 are the luxury 2 plus and 3 bedroom Highmark condos. The turnover of inventory of foreclosed real estate in Steamboat is keeping pace with new inventory with the exception of these budget 1 and 2 bedroom Steamboat condos. There were just 3 new bank owned condo listings since November 1st and all 3 are under $200,000. The 2plus, 3 and 4 bedroom residences are outselling new foreclosed listings, so watch that list. Depending on what you are shopping for, we appear to be on a road to recovery. However, I find myself stuck on how to wrap up this thought and all that comes to mind is the lyric of that great Who song “We won’t be fooled again” - Or will we? - Steamboat shadow inventory post coming soon, check back for more info. Dean Laird Broker/Owner Colorado Group Realty 970-846-8284

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