February 2015 Condo Sales in Steamboat

rp_cimarron-300x171.jpgIn February 2015 there were 19 condo and townhome sales in Steamboat Springs.  The average sales price of those units was $645,057.  (The $645,057 average sales price in February was influenced heavily by 3 One Steamboat Place condos that sold between $1.6 and $2.0 million.)   For comparison, there were 28 sales of condos and town homes in February 2014.   Inventory is down and prices are going up in the most popular condo developments.

Inventory remains a challenge in Steamboat and most US real estate markets.  For example, in 2014 there were 65 sales in developments including Quail Run, Sunray Meadows, First Tracks, and Cascades.  This year, there are no current listings for sale in those four developments.

Finally, the average ratio of price sold to asking price was 96% with 5 properties selling at 100% or more of the asking price.

Here are the details:

Address Sold Price Develop Acres Asking Price Sold/Asking
3295 Apres Ski Way $80,000 Mt Werner Meadows Condo $79,000 101.27%
465 Tamarack Dr #B-015 $131,000 Fish Falls Cond $128,000 102.34%
1565 Shadow Run Frontage #B103 $174,900 Shadow Run Condos $174,900 100.00%
31 Cedar Court $189,000 Whistler Village Thm $189,000 100.00%
2525 Cattle Kate Circle $192,500 Wildhorse Meadows – First Tracks $199,900 96.30%
2235 Storm Meadows Drive #341 $230,000 Storm Meadows Condos $259,000 88.80%
21 Cypress Court $245,000 Whistler Village Thm $264,900 92.49%
2515 Apres Ski Way #1 $290,000 Hillsider Condo $289,900 100.03%
2700 Village Dr B 102 $317,000 Lodge @ Steamboat Condo $329,000 96.35%
1463 Flattop Circle, Unit 108 $335,000 EagleRidge Lodge $349,000 95.99%
1430 Steamboat Blvd $540,000 Fairway Meadows Subdivision $550,000 98.18%
617 Clermont Circle $589,000 Emerald Heights $599,500 98.25%
859 Mill Run Ct $602,000 Fox Hunt Subdivision $619,000 97.25%
1502 Cascades Drive $645,000 Cascades @ Eagleridge Townhomes $650,000 99.23%
2830 Blackhawk Ct $690,000 BlackHawk TH F1 $725,000 95.17%
2933 Mountaineer Circle $918,000 Mountaineer $950,000 96.63%
2250 Apres Ski Way, Residence 709 $1,625,000 OSP Condominium at Apres Ski Way $1,950,000 83.33%
2250 Apres Ski Way, Residence 606 $1,825,000 OSP Condominium at Apres Ski Way $1,950,000 93.59%
2250 Apres Ski Way, Residence 610 $1,850,000 OSP Condominium at Apres Ski Way $2,000,000 92.50%

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