Steamboat Condos that Sold/Went Under Contract in Aug. 2010
September 2, 2010
August was a busy month for Steamboat condo sales after a slow June and July. More buyers were in town feeling comfortable about writing purchase agreements, so the number of pending contracts was up substantially. The average list-to-sold-price was 91% for sold Steamboat condos. Once prices come down to a level that catches buyers’ attention, they sell relatively close to the asking price.
None of the Steamboat condos that sold were bank-owned, and only 17% were potential short sales.
Of the 24 Steamboat condos and townhomes that are now pending, five were bank-owned properties. Read more
Trappeurs Crossing Sold Condos Since Jan 1, 2010
August 4, 2010
Bear Lodge at Trappeurs Crossing Steamboat
Trappeurs Crossing is a popular condo development for buyers in Steamboat Springs. Trappeurs has six condo buildings–Trappeurs, Timberline, Champagne, Aspen, Emerald and Bear Lodge–with pools, tennis, underground parking, and a new fitness area.
Trappeurs is selling well despite the challenges in the Colorado resort real estate market.
See all Trappeurs Crossing condos for sale here, and scroll down to see sales through early August 2010.
| All Sold Listings at Trappeurs Crossing (all buildings) since Jan 1, 2010 Interested in Trappeurs Crossing? Call 970.819.6372 or contact us.
|
| Develop | Legal Desc | Bedrms | Baths | List Price | $/Tot Sq Ft | Sold Price | $/Tot Sq Ft |
| Trappeurs Crossing Condos
in Steamboat Springs |
Unit 6116, Bear Lodge, 1750 Village Drive (affordable housing to market rate housing condo. Call 970-819-6372 for explanation.) | Two | Two | $449,000 | $440.63 | $405,000 | $397.45 |
| Trappeurs Crossing Condos
in Steamboat Springs |
Unit 5111 Emerald Lodge at Trappeur’s Crossing Resort Condominiums. | Three | Three | $775,000 | $539.32 | $720,000 | $501.04 |
| Trappeurs Crossing Condos
in Steamboat Springs |
Unit 5201 Emerald Lodge at Trappeur’s Crossing Resort Condminiums | Four | Three | $785,000 | $465.05 | $750,000 | $444.31 |
| Trappeurs Crossing Condos
in Steamboat Springs |
UNIT 5110, EMERALD LODGE AT TRAPPEURS CROSSING RESORT CONDOS | Four | Four | $1,075,000 | $575.79 | $949,000 | $508.30 |
| Trappeurs Crossing Condos
in Steamboat Springs |
UNIT 5106, Emerald Lodge at Trappeurs Crossing Resort Condos | Five | Five or More | $1,195,000 | $560.77 | $1,050,000 | $492.73 |
| Trappeurs Crossing Condos
in Steamboat Springs |
6112, Bear Lodge at Trappeurs Crossings | Three | Three | $1,154,170 | $495.35 | $1,154,170 | $495.35 |
| Avg | Avg | Avg | Avg | ||||
| $905,528 | $512 | $838,028 | $473 |
Steamboat Condos and Townhomes that Sold in June, 2010
July 30, 2010
There were 34 Steamboat condo and townhome sales in June, 2010 with an average list price-to-sold-price of 91%. It’s interesting that most sales closed within 10% of the asking price, because there are a lot of offers being written at 20, 25, and even 30% off asking price. The reality is that most Steamboat condos that are getting looked at are well-priced, and the closer a property gets to market value, the more likely it will sell around the asking price.
Here are the Steamboat Springs condo and townhome sales for June, 2010. If you are coming to Steamboat and would like to schedule a time to look at the better-priced properties, please call 970-819-6372.
| Steamboat Springs Condo and Townhome Sales in June, 2010 |
| Steamboat Condo/Townhome Development | ADDRESS | List Price | Sold Price
|
| Rockies Condo | 1945 Cornice Road | $149,000 | $137,500 |
| Sierra View Condos | 127 Oak Ridge Circle (Unit 103) | $149,900 | $145,000 |
| Glen Eden | TBD Fishhook, Glen Eden Townhouse | $165,500 | $150,000 |
| Wildhorse Meadows – First Tracks | 2545 Cattle Kate Cir. | $159,000 | $157,000 |
| Whistler Village Thm | 12 Cypress Court | $178,500 | $157,000 |
| Fish Falls Cond | 465 Tamarack Dr. | $199,000 | $180,000 |
| Ski Ranch Mt Werner | 2470 Apres Ski Way | $199,900 | $195,000 |
| Whistler Village Thm | 7 Balsam Court | $210,000 | $203,000 |
| Meadowlark Condo | 3020 Village Drive Unit 311 | $225,000 | $205,000 |
| Rockies Condo | 1945 Cornice Rd. #2304 | $219,000 | $217,000 |
| Lodge @ Steamboat Condo | 2700 Village Dr., #A-202 | $325,000 | $285,000 |
| Sunray Meadows Condos | 3325-2 Columbine Drive | $314,900 | $300,000 |
| Villas @ Walton | 1457 Morgan Court | $335,000 | $306,000 |
| Trollhaugen Condo | 2080 Trollhaugen Ct | $329,000 | $310,000 |
| Wildhorse Meadows – First Tracks | 2545 Cattle Kate Cir. | $365,000 | $321,500 |
| Other | 377 Little Moon Trail | $299,500 | $325,000 |
| Mustang Run Condos | 1515 Mustang Run | $349,900 | $325,000 |
| Mountain Vista Townhome | 642 Mountain Vista Circle | $335,000 | $331,000 |
| Ranch Steamboat Springs Condo | 1675 Ranch Rd #405 | $369,000 | $337,500 |
| Lodge @ Steamboat Condo | 2700 Village Drive — A303 | $365,000 | $340,000 |
| Villas @ Walton | 1413 Morgan Court | $399,000 | $372,500 |
| Trappeurs Crossing Condos | 1750 Medicine Springs Dr. | $449,000 | $405,000 |
| Ranch Steamboat Springs Condo | 1765 Ranch Road | $550,000 | $460,000 |
| Lodge @ Steamboat Condo | The Lodge B104 | $529,000 | $505,000 |
| Cornerstone | 1603 Moraine Circle | $599,000 | $569,000 |
| Rocky Peak Village | 207 Willett Heights Trail | $695,000 | $655,000 |
| Ski Ranches Subdivision | 3015 Apres Ski Way | $795,000 | $795,000 |
| The Highmark at Steamboat Springs | 2525 Village Drive | $828,000 | $814,000 |
| Mountaineer | 2908 Mountaineer Cir. | $995,000 | $900,000 |
| Trappeurs Crossing Condos | 1800 Medicine Springs Drive | $1,075,000 | $949,000 |
| Torian-Creekside | Unit 716 Creekside at Torian Plum | $1,195,000 | $950,000 |
| Trappeurs Crossing Condos | 1800 Medicine Springs Drive | $1,195,000 | $1,050,000 |
| Olympian Subdivision | 35 5th St., Unit 301 | $1,227,200 | $1,138,500 |
| North Meadows Subdivision | 1843 Montview Lane | $1,495,000 | $1,375,000 |
Steamboat Condos that Sold or went Under Contract in June
July 7, 2010
|
Steamboat Springs Condos that Sold in June, 2010 |
|
Develop |
ADDRESS |
List Price |
Sold Price |
$/Tot Sq Ft |
|
Rockies Condo |
1945 Cornice Road |
$149,000 |
$137,500 |
$294.43 |
|
Fish Falls Cond |
465 Tamarack Dr. |
$199,000 |
$180,000 |
$261.63 |
|
Meadowlark Condo |
3020 Village Drive Unit 311 |
$225,000 |
$205,000 |
$222.83 |
|
2700 Village Dr., #A-202 |
$325,000 |
$285,000 |
$273.78 |
|
|
1457 Morgan Court |
$335,000 |
$306,000 |
$264.94 |
|
|
Trollhaugen Condo |
2080 Trollhaugen Ct |
$329,000 |
$310,000 |
$235.56 |
|
Wildhorse Meadows – First Tracks |
2545 Cattle Kate Cir. |
$365,000 |
$321,500 |
$271.54 |
|
1675 Ranch Rd #405 |
$369,000 |
$337,500 |
$252.43 |
|
|
2700 Village Drive — A303 |
$365,000 |
$340,000 |
$326.61 |
|
|
1750 Medicine Springs Dr. |
$449,000 |
$405,000 |
$397.45 |
|
|
The Highmark at Steamboat Springs |
2525 Village Drive |
$828,000 |
$814,000 |
$410.08 |
|
Unit 716 Creekside at Torian Plum |
$1,195,000 |
$950,000 |
$574.02 |
|
|
1800 Medicine Springs Drive |
$1,195,000 |
$1,050,000 |
$492.73 |
|
|
|
Total Listings |
Avg |
Avg |
Avg |
|
|
13 |
$486,769 |
$433,961 |
$329 |
|
Steamboat Springs Condos that went Under Contract in June, 2010 |
|
Develop |
ADDRESS |
List Price |
|
Ski Ranch Mt Werner |
2470 Apres Ski Way |
$199,900 |
|
Rockies Condo |
1945 Cornice Rd. #2304 |
$219,000 |
|
Villas @ Walton |
1404 Morgan Court |
$280,000 |
|
Wildhorse Meadows – First Tracks |
2545 Cattle Kate Cir. |
$340,000 |
|
Mustang Run Condos |
1515 Mustang Run |
$349,900 |
|
Wildhorse Meadows – First Tracks |
2545 Cattle Kate Cir. |
$385,000 |
|
Ranch Steamboat Springs Condo |
1765 Ranch Road |
$550,000 |
|
Kutuk Condo |
2000 Ski Time Square Drive |
$750,000 |
|
Olympian Subdivision |
35 5th St., Unit 203 |
$1,014,400 |
|
|
Total Listings |
Avg |
|
|
9 |
$454,244 |
Steamboat Condos that sold in May, 2010
June 12, 2010
Steamboat Condos that sold in May, 2010(Click on red link for full description) |
| Steamboat Condo Development | ADDRESS | List Price | $/Tot Sq Ft | Sold Price | $/Tot Sq Ft |
| Whistler Village Thm | 18 SE Sequoia Ct. | $157,500 | $162.71 | $156,500 | $161.67 |
| Aspens At Walton Creek | 3023 Aspen Leaf Way | $169,000 | $333.33 | $166,500 | $328.40 |
| Whistler Village Thm | 2 Cedar Ct | $189,000 | $205.43 | $189,000 | $205.43 |
| PineOrehousePlaza | 380 Ore House Plaza Unit 105 | $232,000 | $301.30 | $209,500 | $272.08 |
| Whistler Village Thm | 10 CEDAR CT | $229,000 | $236.57 | $210,000 | $216.94 |
| Alpine Meadows | 5 Jackpine Court | $260,000 | $261.57 | $230,000 | $231.39 |
| Walton Creek Condo | 1355 Walton Creek | $280,000 | $192.18 | $251,000 | $172.27 |
| Pines Condo | 460 Ore House Plaza | $299,900 | $255.23 | $287,000 | $244.26 |
| Sunray Meadows Condos | 3350 Columbine #502 | $308,500 | $265.26 | $304,000 | $261.39 |
| Lodge @ Steamboat Condo | 2700 Village Drive, A204 | $365,000 | $350.62 | $346,000 | $332.37 |
| PineOrehousePlaza | 400 Orehouse PLZ #201 | $395,000 | $314.74 | $380,000 | $302.79 |
| Aspens At Walton Creek | 3063 Aspen Leaf Way | $435,000 | $286.00 | $430,000 | $282.71 |
| Longview | 631 Parkview Drive | $469,000 | $263.48 | $448,000 | $251.69 |
| Canyon Creek Condos | 2720 Eagleridge Drive | $599,000 | $415.68 | $550,000 | $381.68 |
| Torian Plum Condo | Torian 505 | $695,000 | $556.45 | $575,000 | $460.37 |
| Canyon Creek Condos | 2780 Eagleridge Drive | $649,000 | $407.15 | $610,000 | $382.69 |
| Olympian Subdivision | 35 5th St., Unit 304 | $861,600 | $599.58 | $818,520 | $569.60 |
| The Highmark at Steamboat Springs | 2525 Village Drive | $868,000 | $425.70 | $868,000 | $425.70 |
| The Highmark at Steamboat Springs | 2525 Village Drive | $881,000 | $448.35 | $881,000 | $448.35 |
| Ironwood Condo | 2300 Apres Ski Way, Unit #7 | $1,399,000 | $583.65 | $1,000,000 | $417.19 |
| Cimarron | 1961 Cimarron Circle | $1,195,000 | $392.32 | $1,100,000 | $361.13 |
| Total Listings | Avg | Avg | Avg | Avg | |
| 21 | $520,785 | $345 | $476,667 | $319 |
The Highmark Condos find success after auction
May 4, 2010
The Highmark
The Highmark, a Steamboat condo development that took a while to get going has finally found buyers. Sales started during the nationally advertised auction and continued at The Highmark in the weeks that followed the auction.
In fact, The Highmark is turning out to be one of the most active properties here in Steamboat. Several went under contract at the auction. Keep in mind that only developer units were auctioned off, not the privately owned ones. In addition to the auction/developer units, a bank-owned penthouse sold this month and a privately owned condo (a short sale) went under contract last week. Four are currently under contract.
Some of the reasons I think The Highmark at Steamboat has had so much interest are: they’re beautifully furnished with nice amenities, rent well, and they are a very short walk to the gondola. The auction company’s heavy national advertising also raised awareness. When you compare the price of the Highmark with other properties in that range, you can understand why people are buying at The Highmark. They are new, nicely furnished, and move-in ready. (Some of the other developments in that price range can be dated.)
The asking price of the condos is fairly firm. There are 8 units for sale: 5 are developer units selling for the auction price, and 2 are private owners seeking short sales. (There is also one privately owned condo that is not a short sale but is outrageously priced.)
Here is a link to all the available condos at The Highmark. They range from 2-4 bedrooms.
Steamboat Condo Update
April 25, 2010
The Steamboat condo market has thawed in 2010 although we’ll have to see some changes in financing availability before the Steamboat condo market fully improves. Condos in Steamboat Springs and other Colorado resort markets are one of the slowest market segments for actual sales because financing remains a challenge. Financing is available, just more challenging.
If you are thinking about purchasing a Steamboat condo, remember that there are owners who will carry the financing for qualified buyers. It’s a win-win for buyers and sellers and a way to avoid the traditional financing methods that remain so troublesome. Please contact us for information on seller financing.
Until then, there is a lot of interest from cash buyers. Cash buyers made up almost half of the Steamboat condo sales in 2010. Cash buyers paid an average of 85% of list price for Steamboat condos in 2010 while buyers who financed paid an average of 98% of list price. (There are more reasons other than cash vs. financing for the difference in the list-to-sold price. Let us know if you are interested in specific developments or price points and we’ll get you details.)
Welcome to Steamboat Ski Condos
December 28, 2008
Steamboat Springs, Colorado
Welcome to Steamboat Ski Condos, your resource for Steamboat Springs mountain living.
Ever wonder what’s the difference between a Steamboat Condo and a Steamboat Townhome? We can help you find the right vacation home for you and your loved ones, both on and off the mountain.
We specialize in helping people realize their dream of owning property in the #1 rated Family Ski Mountain in the West–Steamboat Springs, Colorado.
Please contact us to learn more about buying and selling real estate in Steamboat, or to schedule a time to look at Steamboat properties when you are in town.
