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.

One Steamboat Place

One Steamboat Place has had steady sales since coming back on the market in August. In December, 4 more fractional ownership residences sold bringing the total to 10 One Steamboat Place fractional sales since the debt was restructured and prices were lowered.

There have also been 8 whole ownership sales (with 2 more pending) since August ranging in price from $1,395,000 for a unique 2+ bedroom to $2,395,000 for the typical 4 bedroom.

Edgemont Ski In, Ski Out Condos

Edgemont ski-in, ski-out condos in Steamboat Springs has lowered prices and announced the second phase of four townhomes for the 2012 ski season.

Edgemont has 39 luxury residences–25 have sold and one is under contract.  The largest condos have sold although there are a nice selection of 2- and 3-bedroom condos still available.

See the remaining Edgemont condos for sale here.

Buyers looking for a 4-5 bedroom luxury residence can pre-purchase a new Edgemont Townhome.  The new Edgemont townhomes will have the same features and finishes you’ll see in the condos.

Edgemont Townhomes Now on Sale

For investors, Edgemont has some of the best rental revenues for ski-in, ski-out properties.  Contact us for rental information.

Edgemont has long-term financing for qualified buyers, so you won’t have any condo-tel financing hassles.

HOAs at Edgemont include everything but your electric and property taxes, and owners can have pets.

Call us at 970-819-6372 and see why Edgemont is Steamboat’s best-selling luxury ski in, ski out condominiums!

Edgemont Pool

Trailhead Lodge Condos

Trailhead Lodge at Wildhorse Meadows are the brand-new, furnished, high-end condos with its own gondola to the base area.  And now, Trailhead Lodge is back on sale for 40-50% off the original prices.

See Trailhead Lodge pricing and availability here.

Trailhead Lodge originally pre-sold 70% of their condos at the absolute market peak in 2007.  Buyers lined up willing to pay over $1M for a 2 bedroom condo thinking they’d flip it when the building was finished and make a pile of cash.

We all know how that story ended.

Trailhead Lodge rented well last winter, but none of the condos sold because of the high prices.  The remaining inventory was sold to a new investor and buyers are now able to purchase these brand-new, furnished condos at a fraction of the original price.

Several went under contract the first week they were re-introduced, and 2012 should see more buyers at Trailhead who want to purchase a new condo in Steamboat for prices as low as $220,000 for a studio and $500,000-ish for a 2 bedroom.

Call us at 970-819-6372 for current availability, or see what’s for sale at Trailhead here. (Not all the available condos are listed, so call or email if you want to see the full inventory list.)

Trailhead Lodge fire pit

Wildhorse Meadows gondola

Game Room at Trailhead Lodge condos

Fitness Area at Trailhead Lodge

Trailhead Lodge with grotto hot tubs and pool