Even with a couple of new inches up top, conditions are a little thin for the final weekend.  Come enjoy the Springalicious concerts and activities….and ski if you dare.

Trailhead Lodge at Wildhorse Meadows

Trailhead Lodge at Wildhorse Meadows in Steamboat is auctioning off 39 new condos on May 6th.  Trailhead Lodge originally pre-sold 70% of the available condos only to have most of the buyers walk away when construction finished in the middle of the Great Recession.   After a year or two of being offered for sale at prices too high for the current market, the remaining unsold condos at Trailhead Lodge were purchased by a Salt Lake company in Nov, 2011 for $28,000,000–a price most acknowledged was too high.

Fast forward to last week, when it was announced that 39 of the 56 unsold Trailhead Lodge condos were going to be auctioned off on May 6th.  Click here to see some of the condos that will be auctioned.    And remember, they won’t honor these prices on Auction Day. (Higher priced condos are re-sales and are not part of the May 6th event.)

If you are wondering what’s being auctioned…and what’s being held back by the current owners, here is a quick summary:

• All studios and one bedrooms are going to auction.
• There will be two 3BR auctioned.  One is on the 3rd floor, one is on the 4th floor.
• Most of the auction condos are on the lower floors.  (Of the 14 condos on the second floor, only one won’t be part of the auction.)
• The advertised price will NOT be accepted.  The reserve/minimim bid prices are higher–and they are a highly guarded secret.

Yellow condos are part of the auction. Orange are not.

 

Trailhead Lodge at Wildhorse Meadows

Wildhorse Gondola takes riders from Trailhead Lodge to the base area

Highmark Condos Steamboat

Steamboat condo owners have a variety of rental management companies to choose from.  Mountain Resorts is one company that offers rental management services and owner management through the HOA.  Mountain Resorts is one of the larger nightly rental property management companies in Steamboat Springs with a variety of properties in every price range.  Here is a list of Steamboat condos managed by Mountain Resorts from ski-in/ski-out with lots of amenities  to budget friendly condos.

If you would like to see what properties are for sale in these Steamboat condo developments, click on the links below.

Luxury Properties

• Highmark Steamboat Springs
• Mountaineer at Steamboat
• Trails at Storm Meadows
• Cornerstone Townhomes
• CrossTimbers at Steamboat
• Spa at Storm Meadows

Ski-In/Ski-Out

• Gondola Square Condominiums
• Ski Trail Condominiums
• Storm Meadows Club Condominiums
• Storm Meadows East Slopeside
• Storm Meadows Townhouses
• Storm Meadows at Christie Base

Affordable Base Area Options

• Rockies Condominiums
• Shadow Run Condominiums
• Terraces at Eagleridge
• Moraine Townhomes
• Phoenix Condominiums
• Ranch at Steamboat
• Ridge Townhomes
• Ski Time Square Condominiums

Click the properties for a more detailed list of amenities.

If you’d like more information about our market, give us a call at 970.819.6372 to talk about the best values that meet your criteria.

The Highmark at Steamboat is  sold out.  After a real estate auction and another year or two of discounted prices, the last developer-owned condo closed last week.  Buyers can still get deals (there is a bank-owned foreclosure available), although its a good sign when all the condos in a development are privately owned. 

Steamboat condos

There were 19 Steamboat Springs condominium and townhome sales in January with an average sold price of $196,981.  It’s hard to believe that buyers couldn’t find a Steamboat condo to buy for under $300,000 at the peak of the market, and five years later, more than 50% of sales are for less than $150,000.

REO/Bank owned condos accounted for 36% of sales, mainly in the entry level market like Shadow Run, Meadowlark, Walton Village and Stagecoach Townhomes.

Positive trends we’re seeing include Steamboat developments finally selling out of the developer owned units.  The Highmark at Steamboat closed on the last available developer condo this month, and First Tracks at Wildhorse has only 1 more 2 BR available before resales will be the only way to buy a condo at First Tracks.

Edgemont has only 13 luxury ski in, ski out condos left of the 39 original residences, so buyers are looking in all price ranges for new developments with value pricing.  Here is a list of the sold condos:

With Edgemont’s ski-in, ski-out location, you can click out of your skis and be soaking in the luxurious saline pools in moments.   Of the 39 residences originally available at Edgemont, only 13 remain for sale.  So call us at 970-819-6372 to schedule a tour…..and bring your swimsuit!

Prices now start at $895,000 for two bedroom residences and $1,295,000 for 3br residences.

Edgemont Pool View of Flattops

One 1 two bedroom condo at First Tracks at Wildhorse remains for sale.  This project has sold out over the last two years because buyers were attracted to the new units with rock-bottom pricing.

Interested in purchasing the last condo at First Tracks?  Call us at 970-819-6372.