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%
Tuesday, January 20, 2015
When you shop for a condo near the ski slopes in Steamboat Springs with 2 or more bedrooms that has a garage and lower HOA dues (under $4300 per year), your choices are slim - especially priced under $340,000. Sunray Meadows #709 just 2 blocks to the east of Steamboat Ski Resort, may just be your only choice right now in that price point.
The last sale was at $300,000 for a much lower quality finished condo lacking views. Meanwhile, the owners of #709 recently invested over $40,000 in quality upgrades and are asking $339,000.
In 2014 there were 12 sales at Sunray Meadows with high sale of $315,000. Here is a list of the active listings at Sunray Meadows condominiums.
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, January 5, 2015
I’m not asked very often how bad crime is in Steamboat Springs but in case you were wondering, you will want to check out some of the better stories from our local newspaper, Steamboat Pilot Best of the Police Blotter 2014.
In the past 15 years or so living in town, I have only had a couple thefts of items from the front yard of our home which is on the core trail leading to downtown. One of which was our baby stroller. My guess is it must have been someone borrowing it to give one of the drunks mentioned in the article above, a ride home.
Have Happy New Year and look up Dean Laird (local Realtor) to aswer any questions you may have about Steamboat Springs.
Sunday, December 28, 2014
One Steamboat Place fractional and whole ownership totaled over $32M in sales in 2014 and there are only fourteen residences remaining before they are completely sold out.
Three of their remaining whole ownership residences are furnished and ready for immediate possession. There is currently a waiting list of renters ready to book any inventory that comes available. Don’t miss out on the best Steamboat has to offer for Ski-in Ski-out real estate.
Saturday, December 27, 2014
Elkins Meadows is a 105 acre ranch redeveloped into a gated community of 20 home sites, each on a 2-3 acre lot. Located between Fish Creek Falls and 2 miles to Downtown Steamboat Springs, this location offers a remote feel with-in the Steamboat Springs city limits. The building envelopes are placed at the edges of the meadow and tucked into or against the trees for privacy - as you drive along Fish Creek Falls Road, you notice the beauty is in that a majority of the meadow is left undisturbed. This is a criteria built into their design guidelines. “Respect and enhance views of the meadow and hillsides, for residents as well as the public that passes by on Fish Creek Falls Road”
Amenities include a large pond, with a boat house and beach area serving as the community gathering spot. Surrounded by 55 acres of open space and transected by Little Fish Creek, a tributary of Fish Creek, the meadow contains a number of wetlands attracting wildlife including elk, deer, moose, bear, sandhill cranes and more.
Steamboat Springs mountain architecture with a Contemporary feel. You cross a covered bridge entry over water running below. Through the front door you are greeted by a steel floating staircase. The high ceilings draw your attention to the main living area, where design elements and views including Steamboat Ski Area are priceless. With a dining room just off the kitchen, dinners come with a full serving of Flat Top Wilderness and Yampa valley views. Over 1,200 square feet of concrete decks, 1,000 square feet of patios, an outdoor fire pit and outdoor fireplace - enjoy the natural surroundings! Six bedrooms, five full bathrooms and one half bathroom. MLS 140038 at 2555 Wildflower Court, Steamboat Springs, Colorado. $4,175,000.
Friday, May 30, 2014
The luxurious, ski-in / ski-out One Steamboat Place is located at the base of the ski slopes and has become the premier property in a newly revitalized Mountain Village. You can buy a 1/8th share fractional ownership that includes the Catamount Ranch and Golf Club membership for $345,000. This guarantees 2 weeks in the winter and 2 weeks in the summer with plenty of opportunities to book anytime when space is available. Ownership includes the opportunity to exchange your weeks for a vacation in one of Timber Resorts other properties.
- Dancing Bear Aspen Equal parts high-country getaway, private retreat and live-in art gallery - a singular blend of rugged alpine charm and sleek sophistication.
- Timbers Bachelor Gulch A majestic mountain lodge both grand and intimate located on the slopes of Beaver Creek Mountain in the heart of the exclusive Bachelor Gulch community.
- The Residences at Esperanza Residences, hotel, and spa from Auberge Resorts where the California Baja kisses the Sea of Cortez in Cabo San Lucas, Mexico.
- The Residences at Kapalua Bay Above the water’s edge on the northwest shore of Maui, a collection of residences are paired with incomparable amenities and personal services.
- The Orchard at The Carneros Inn A vineyard oasis in the heart of California Wine Country, impeccably operated by the PlumpJack Group.
- The Rocks Club Located in the heart of the desert golfing Mecca, Scottsdale, Arizona.
- The Timbers Club at Snowmass Ski-in, ski-out residences on the slopes of Snowmass, Colorado.
- Mayacama Residences A private golf and residential community where a vibrant club life is joined by an active sporting life in the indescribably beautiful Sonoma wine country.
- The Villas at Rancho Valencia An escape into elegance among Southern California’s most beautiful beaches, perfect climate, and world-class services and amenities.
- One Steamboat Place Luxurious residences replete with restaurant, boutique and a state-of-the-art spa at the base of the slopes in Steamboat Springs, Colorado.
- Castello di Casole Sun-drenched country estates fit for a Medici in the heart of Tuscany, Italy.
- The Sebastian - Vail Set in the heart of Vail Village’s pedestrian district, charming residences and hotel suites are complemented by a spa, restaurants and bar.
One Steamboat Place amenities include a members only hearth room and lounge; restaurant, bar and private dining area; full-time slopeside ski concierge and ski facilities; state-of-the-art fitness center with private yoga and Pilates studio, year-round swim and hydro pools; and a soothing Zen-inspired wellness spa with personal treatment rooms and pampering services.