Steamboat condo sales in 2018 feels a lot like the heady days of 2007 when multiple offers were common and there wasn’t enough inventory in certain segments to go around. Prices were rising and the rental market was as tight as the buying market. One big difference today is there is no new inventory coming on the market any time soon. There are several developments in the pipeline, but nothing vertical…yet.
I was curious how current prices compare to the peak of 2007-2008 so I sampled a few developments to see if we are at, or close, to a new peak. Surprisingly, I learned prices still aren’t where they were ten years ago for most Steamboat condo developments.
Here are a few examples:
Bear Claw, a true ski in, ski out condo development, was selling for over $750/sf at the peak. Today, Bear Claw is selling in the mid-$400/sf range. I think Bear Claw is a safe bet, especially once the future renovations are complete. (There will be an assessment but even after factoring in those costs, prices are a fraction of One Steamboat Place and Edgemont which are selling for over $1000/sf for a comparable location.
Sunray Meadows, a popular development for full time owners, long term renters, and nightly rental DIY managers, was selling over $400/sf back in 2007-2008 and now trades in the mid to upper $300/sf range. Sunray has lower HOA dues and garages which appeal to people living in Steamboat full time so buying makes sense if you are planning on living in Steamboat for a few years.
Finally, Canyon Creek has a walk-to-ski location and has very similar interiors to Eagle Ridge Lodge. What it may lack in curb appeal to Eagle Ridge Lodge it gains with underground parking. Canyon Creek traded in the mid $500/sf and now sells in the low $400/sf range.
So even though prices seem to be moving upward at a fast pace, historically there is still appreciation potential. If you’d like more information about other developments or want to start looking for a place of your own, please call us at (970) 846-8284.
2018 Steamboat condo sales:
Here is a full list of Steamboat condo and townhome sales from January 2018-May 1, 2018:
| Buyer Tour Region | Development Name | Address | List Price | List/Sold $ |
|---|---|---|---|---|
| Downtown Area | Residences of Old Town | 730 Yampa St #A4 | $495,000 | $449,500 |
| Downtown Area | Other | 135 11th Street, #B | $495,000 | $495,000 |
| Downtown Area | Howelsen Place | 703 Lincoln Avenue B307 | $800,000 | $780,000 |
| Downtown Area | Waterside Village Condominiums | 1110 Yampa St #C | $789,000 | $784,500 |
| Downtown Area | Alpen Glow Ventures | 45 6th Street #6 | $895,000 | $860,000 |
| Fish Creek Area | Fox Creek Subdivision | 1295 Hilltop Parkway #B | $222,000 | $216,000 |
| Fish Creek Area | Eaglepointe Subdivision | 538 Eaglepointe Ct | $390,000 | $390,000 |
| Fish Creek Area | Suncrest Thm | 534 Tamarack Drive #502 | $418,000 | $407,000 |
| Fish Creek Area | Suncrest Thm | 240 Hilltop Pkwy., #103 | $439,000 | $409,000 |
| Fish Creek Area | Fish Creek Hill | 1766 Alexander Way #4B | $449,000 | $445,000 |
| Fish Creek Area | Sundance Creek Condos | 580 Anglers Dr #303 | $472,000 | $470,000 |
| Fish Creek Area | Willett Heights Subdivision | 506 Buena Vista Ct #Lot B | $513,000 | $479,000 |
| Fish Creek Area | Sundance Creek Condos | 580 Anglers Dr #302 | $484,000 | $484,000 |
| Fish Creek Area | Rocky Peak Village | 455 Willett Heights Ct | $655,000 | $630,000 |
| Fish Creek Area | Rocky Peak Village | 443 Willett Heights Ct | $660,000 | $640,000 |
| Fish Creek Area | Rocky Peak Village | 451 Willett Heights Ct | $688,500 | $688,500 |
| Fish Creek Area | Fox Hunt Subdivision | 859 Mill Run Ct | $699,000 | $694,000 |
| Mountain Area | Northstar Condo | 2955 Columbine Dr #12 | $167,500 | $160,000 |
| Mountain Area | Walton Pond | 970 Confluence Ct #3 | $165,000 | $162,000 |
| Mountain Area | Walton Village Condo | 1335 Sparta Plz #11, Bldg PI | $165,000 | $163,000 |
| Mountain Area | Shadow Run Condos | 1565 Shadow Run Frontage, B301 | $169,900 | $165,000 |
| Mountain Area | Walton Village Condo | 1380 Athens Plz #16, Bldg Beta | $168,000 | $171,500 |
| Mountain Area | Whistler Village Townhomes | 13 Cedar Ct | $188,000 | $188,000 |
| Mountain Area | Rockies Condo | 1945 Cornice Rd #Building 4, unit 2425 | $199,000 | $197,000 |
| Mountain Area | Wildhorse Meadows - First Tracks | 2545 Cattle Kate Cir #3108 | $211,000 | $211,000 |
| Mountain Area | Whistler Village Townhomes | 21 Cedar Ct | $215,000 | $211,000 |
| Mountain Area | Shadow Run Condos | 1555 Shadow Run Ct #203, Bldg D | $215,000 | $214,000 |
| Mountain Area | Rockies Condo | 1945 Cornice Dr #2301 | $219,000 | $217,000 |
| Mountain Area | Meadowlark Condo | 3020 Village Dr #321 | $235,000 | $225,000 |
| Mountain Area | Shadow Run Condos | 1535 Shadow Run Ct #104E | $210,000 | $226,132 |
| Mountain Area | Shadow Run Condos | 1525 Shadow Run Frontage #103 | $250,000 | $233,000 |
| Mountain Area | Snow Flower Condos | 2200 Apres Ski Way #201 | $250,000 | $235,900 |
| Mountain Area | Whistler Village Townhomes | 16 Balsam Ct | $245,000 | $237,500 |
| Mountain Area | Ski Time Square | 1920 Ski Time Square Dr #213 | $245,000 | $238,000 |
| Mountain Area | Whistler Village Townhomes | 14 Sequoia Ct | $249,000 | $240,000 |
| Mountain Area | Shadow Run Condos | 1625 Shadow Run Frontage ##109 | $265,000 | $247,000 |
| Mountain Area | Powder Ridge Condo | 3025 Columbine Dr #22 | $249,000 | $251,000 |
| Mountain Area | Whistler Village Townhomes | 25 Balsam | $263,000 | $256,170 |
| Mountain Area | Alpine Meadows | 5 Jackpine Ct | $269,000 | $259,000 |
| Mountain Area | Whistler Village Townhomes | 33 Cypress Ct | $267,500 | $261,000 |
| Mountain Area | Storm Meadows Condos | 2275 Storm Meadows Dr. #30 | $265,000 | $263,000 |
| Mountain Area | Whistler Village Townhomes | 21 Cypress Ct | $265,000 | $265,000 |
| Mountain Area | Ski Inn Condo | 2350 Ski Trail Ct #211 | $295,000 | $275,000 |
| Mountain Area | Whistler Village Townhomes | 5 Cedar Ct | $285,000 | $277,500 |
| Mountain Area | Rockies Condo | 1945 Cornice Rd #Door 2137 | $279,000 | $279,000 |
| Mountain Area | Grand Summit Resort Hotel (The Grand) | 2300 Mt. Werner Cir #322 | $299,000 | $282,000 |
| Mountain Area | Shadow Run Condos | 1625 Shadow Run Frontage Rd #305, Bldg C | $295,000 | $285,000 |
| Mountain Area | Alpine Meadows | 34 Cypress Ct | $289,000 | $289,000 |
| Mountain Area | Pine Orehouse Plaza | 380 Ore House Plz #205, Bldg 6 | $297,500 | $290,000 |
| Mountain Area | Ski Time Square | 1920 Ski Time Square Dr #201 | $299,500 | $295,000 |
| Mountain Area | Ski Time Square | 1920 Ski Time Square Dr #309 | $295,000 | $295,000 |
| Mountain Area | Timber Run Condo | 2015 Walton Creek Rd #213 | $300,000 | $295,000 |
| Mountain Area | Timber Run Condo | 2025 Walton Creek Rd #314, Bldg 300 | $300,000 | $295,000 |
| Mountain Area | Chinook Townhomes @ Walton Village | 3100 Chinook Ln ##7 | $318,000 | $309,000 |
| Mountain Area | Powder Ridge Condo | 3027 Columbine Dr #7, Bldg 1 | $339,000 | $315,000 |
| Mountain Area | Walton Village Condo | 1220 Sparta Plz #2, Bldg Theta | $325,000 | $325,000 |
| Mountain Area | Storm Meadows Condos | 2305 Storm Meadows Dr. #314 | $329,500 | $325,500 |
| Mountain Area | Meadows Condo | 2960 Columbine Dr #401 | $330,000 | $327,000 |
| Mountain Area | Trappeurs Crossing Condos | 2800 Village Drive #1110 | $330,000 | $330,000 |
| Mountain Area | Storm Meadows Condos | 2215 Storm Meadows Dr #510 | $335,000 | $335,000 |
| Mountain Area | Wildhorse Meadows - First Tracks | 2525 Cattle Kate Cir #4205 | $350,000 | $337,500 |
| Mountain Area | Meadows Condo | 2960 Columbine Dr #404 | $349,000 | $339,900 |
| Mountain Area | Trappeurs Crossing Condos | 1800 Medicine Springs Dr #5114 | $365,000 | $340,000 |
| Mountain Area | Storm Meadows Condos | 2375 Storm Meadows Drive #B314 #B314 | $339,000 | $345,000 |
| Mountain Area | Lodge @ Steamboat Condo | 2700 Village Dr #F203 | $362,500 | $351,000 |
| Mountain Area | Skyview Terrace Thm | 1360 Skyview Ln #A-6 | $360,000 | $352,000 |
| Mountain Area | Lodge @ Steamboat Condo | 2700 Village Dr | $359,000 | $355,000 |
| Mountain Area | Lodge @ Steamboat Condo | 2700 Village Dr., #302D | $364,000 | $355,000 |
| Mountain Area | Wildhorse Meadows - First Tracks | 2545 Cattle Kate Cir #3302 | $365,000 | $360,000 |
| Mountain Area | Ranch @ Steamboat Condo | 1700 Ranch Rd #215 | $369,900 | $369,900 |
| Mountain Area | Phoenix @ Steamboat Springs | 2315 Apres Ski Way #205 | $370,000 | $370,000 |
| Mountain Area | Sunray Meadows Condos | 3305 Columbine Dr #1504 | $389,000 | $385,000 |
| Mountain Area | Villas @ Walton | 1457 Morgan Ct #202, Bldg 2 | $399,000 | $399,000 |
| Mountain Area | Snow Flower Condos | 2200 Apres Ski Way #306 | $400,000 | $400,000 |
| Mountain Area | Quail Run | 3452 Covey Circle (#401) | $409,900 | $401,000 |
| Mountain Area | Promontory @ Steamboat Condo | 2337 Ski Trail Ct #6 | $425,000 | $402,500 |
| Mountain Area | Ski Trail Condo | 2320 Ski Trail Lane, #208 | $450,000 | $405,000 |
| Mountain Area | Sunray Meadows Condos | 3355 Columbine Dr #605 | $420,000 | $420,000 |
| Mountain Area | Boat Townhome @ Sunray Meadows | 3005 Village Dr #Unit 5 | $435,022 | $420,000 |
| Mountain Area | Bronze Tree Condos | 1995 Storm Meadows Dr #505 | $425,000 | $422,500 |
| Mountain Area | Sunray Meadows Condos | 3345 Columbine Dr #805, Bldg 8 | $423,900 | $423,400 |
| Mountain Area | Quail Run | 3315 Covey Cir #5, Bldg 9 | $425,000 | $425,000 |
| Mountain Area | Villas @ Walton | 1435 Morgan Ct #504 | $425,000 | $425,000 |
| Mountain Area | Sunray Meadows Condos | 3350 Columbine Dr #506, Bldg 5 | $439,000 | $426,000 |
| Mountain Area | Canyon Creek Condos | 2780 Eagleridge Dr #206, Bldg B | $435,000 | $432,500 |
| Mountain Area | Winterwood Townhomes/Condos | 2753 Burgess Creek Rd #3 | $455,000 | $435,000 |
| Mountain Area | Canyon Creek Condos | 2720 Eagleridge Dr #103, Bldg A | $450,000 | $440,000 |
| Mountain Area | Trappeurs Crossing Condos | 2920 Village Dr #2104, Bldg Timberline at Trappeurs C | $469,900 | $445,000 |
| Mountain Area | Ranch @ Steamboat Condo | 1720 Ranch Rd #310 | $486,000 | $460,000 |
| Mountain Area | Burgess Creek Townhome Condo | 2607 Burgess Creek #206 #206 | $488,000 | $461,500 |
| Mountain Area | Sunburst Townhomes | 3471 Sunburst Ct | $469,900 | $462,500 |
| Mountain Area | Timber Run Condo | 2015 Walton Creek Rd #207, Bldg 200 | $480,000 | $465,000 |
| Mountain Area | Ridgecrest Condo | 1805 River Queen Lane #101 | $499,000 | $467,500 |
| Mountain Area | Storm Meadows Condos | 2305 Storm Meadows Dr #319 | $492,500 | $470,000 |
| Mountain Area | Sunrise Condo | 2515 Daybreak Ct #202 | $485,000 | $480,000 |
| Mountain Area | Trappeurs Crossing Condos | 2800 Village Dr #1112 | $499,000 | $485,000 |
| Mountain Area | Bear Claw Condos | 2420 Ski Trail Ln #412 | $559,000 | $505,000 |
| Mountain Area | Saddle Creek Thm | 1785 Latigo Loop | $514,900 | $518,000 |
| Mountain Area | Bear Claw Condos | 2420 Ski Trail Ln #210 | $559,000 | $520,000 |
| Mountain Area | Columbine Landing Townhome | 2112 Aster Pl | $549,000 | $542,000 |
| Mountain Area | Fairway Meadows Subdivision | 1462 Robert E Lee Ln | $550,000 | $550,000 |
| Mountain Area | Canyon Creek Condos | 2780 Eagleridge Dr #208 | $565,000 | $550,000 |
| Mountain Area | Norwegian Log Condo | 2400 Ski Trail Lane, #104 #104 | $595,000 | $569,000 |
| Mountain Area | Waterford Townhome | 2650 Medicine Springs Drive #28 | $589,000 | $585,000 |
| Mountain Area | Snow Flower Condos | 2200 Apres Ski Way #204 | $595,000 | $585,000 |
| Mountain Area | Bear Creek Subdivision | 1830 Bear Creek Dr | $625,000 | $606,250 |
| Mountain Area | Wildhorse Meadows - Trailhead Lodge | 1175 Bangtail Way ##2124 | $625,000 | $615,000 |
| Mountain Area | Cornerstone | 1381 Moraine Cir | $639,000 | $625,000 |
| Mountain Area | Wildhorse Meadows - Trailhead Lodge | 1175 Bangtail Way #3105 | $645,000 | $640,000 |
| Mountain Area | No Defined Development | 1821 Bear Creek Dr | $690,000 | $640,000 |
| Mountain Area | Enclave @ Steamboat | 3453 Spring Valley Dr #27 | $655,000 | $645,000 |
| Mountain Area | Torian Plum Condo | 1855 Ski Time Square Dr #301 | $685,000 | $650,000 |
| Mountain Area | Majestic Valley Subdivision | 876 Majestic Cir | $672,950 | $660,000 |
| Mountain Area | Bear Creek Subdivision | 1895 Hunters Dr | $675,000 | $662,000 |
| Mountain Area | Steamboat Village Inn | 2200 Village Inn Ct. #Unit 704 | $699,000 | $665,000 |
| Mountain Area | Bear Claw Condos | 2430 Ski Trail Ln #402 | $699,000 | $679,000 |
| Mountain Area | Christie Condos | 2355 Ski Time Square Drive #315 | $869,000 | $725,000 |
| Mountain Area | Majestic Valley Subdivision | 907 Majestic Circle #26 | $735,000 | $735,000 |
| Mountain Area | Dulany Condo | 2286 Apres Ski Way #504 | $750,000 | $740,000 |
| Mountain Area | Bear Claw Condos | 2420 Ski Trail Ln #510 | $749,000 | $745,000 |
| Mountain Area | Chateau Chamonix Condo | 2340 Apres Ski Way #311, Bldg C | $769,500 | $752,000 |
| Mountain Area | EvergreensThe | 2590 Evergreen Ln #6 | $799,000 | $765,000 |
| Mountain Area | Clubhouse Townhome | 1871 Highland Way | $784,000 | $765,000 |
| Mountain Area | Torian-Creekside | 1875 Ski Time Square Dr, 418 | $795,000 | $775,000 |
| Mountain Area | Cross Timbers @ SS | 2702 Cross Timbers Trl #2, Bldg 3 | $825,000 | $775,000 |
| Mountain Area | Wildhorse Meadows - Trailhead Lodge | 1175 Bangtail Way #4104 | $799,000 | $778,000 |
| Mountain Area | Trappeurs Crossing Condos | 1800 Medicine Springs Dr #5103 | $799,000 | $793,000 |
| Mountain Area | Cross Timbers @ SS | 2656 Cross Timbers Trl #4 | $940,000 | $930,000 |
| Mountain Area | Mountaineer | 3001 Mountaineer Cir | $1,045,000 | $990,000 |
| Mountain Area | Other | 1790 River Queen Ln #Unit B | $1,083,000 | $995,000 |
| Mountain Area | Antlers@Christies Base | 2085 Ski Time Square Dr 211B | $1,175,000 | $1,075,000 |
| Mountain Area | Atriums at EagleRidge | 2600 Eagleridge Dr #30 | $1,350,000 | $1,200,000 |
| Mountain Area | Stonewood@Eagle | 1195 Eagle Glen Dr | $1,390,000 | $1,309,000 |
| Mountain Area | Flattops View Village | 3263 Snowflake Cir | $1,495,000 | $1,450,000 |
| Mountain Area | Ski Ranches Subdivision | 2330 Val D'Isere | $1,675,000 | $1,565,000 |
| Mountain Area | Chadwick-Flats | 1275 Eagle Glen Dr #N200 | $1,649,000 | $1,580,000 |
| Mountain Area | Fairway Meadows Subdivision | 1450 Delta Queen Ct | $1,795,000 | $1,700,000 |
| Mountain Area | Ski Ranches Subdivision | 2672 Alpen Glow Way | $1,795,000 | $1,705,000 |
| Mountain Area | OSP Condominium at Apres Ski Way | 2250 Apres Ski Way #R508 | $2,995,000 | $2,400,000 |
| South Valley | Lake Catamount | 32765 Waters Edge Ct #18B | $1,695,000 | $1,600,000 |
| West Steamboat / US 40 | West End Townhomes | 2367 Abbey Ct #5, Bldg 4 | $440,000 | $440,000 |