May 2015 Condo Sales in Steamboat Springs

May has been an amazing month for condo sales in Steamboat! We had 23 condo sales in 2015 compared to 15 in 2014. When we look at dollar volume, the sales have almost doubled since last year. Similar to what’s been going on in April, the majority of sales were under $500,000 (18 out of 24). Because of the tighter and more expensive rental market in Steamboat, the demand for condos under $300K is very high, and this is reflected in sales price. For properties under $300K, the average sold price compared to asking price was 97.2%, up 2% since May!

Of the higher-priced condominiums, two properties sold at One Steamboat Place, one for $1,325,000 and another for $1,775,000. Also, there was a sale at Torian Creekside for $772,500 and one at Torian-Plum for $577,000.

Below are the stats:

DevelopmentBRSold PriceAsking PriceSold/Asking$/ Sq Ft
Walton Village CondoOne$124,000 $126,000 98.4%$212.3
Ski Inn CondoOne$154,500 $157,000 98.4%$273.9
Ski Time SquareOne +$166,500 $164,900 101.0%$202.1
Storm Meadows CondosOne$174,500 $179,500 97.2%$312.7
Fox Creek SubdivisionTwo$196,000 $209,500 93.6%$201.9
Sunray Meadows CondosOne$242,000 $249,000 97.2%$305.9
Lodge @ Steamboat CondoTwo$248,250 $259,000 95.8%$238.5
Storm Meadows CondosTwo$260,000 $275,000 94.5%$332.9
Yampa View CondoThree$260,000 $269,000 96.7%$185.1
Bronze Tree CondosTwo$265,000 $272,500 97.2%$242.7
PineOrehousePlazaTwo$285,000 $299,900 95.0%$293.8
Wildhorse First TracksTwo$295,000 $299,000 98.7%$289.8
Alpine Ridge CondosTwo$299,000 $299,000 100.0%$287.2
Quail RunThree$344,000 $349,000 98.6%$234.7
Kutuk CondoTwo +$405,000 $429,000 94.4%$293.5
Trappeurs Crossing CondosTwo$432,500 $450,000 96.1%$406.5
Bronze Tree CondosThree$475,000 $499,000 95.2%$426.4
Wildhorse Trailhead LodgeTwo$490,000 $525,000 93.3%$429.4
Spa Storm SubdivisionTwo +$550,000 $599,000 91.8%$378.3
Torian Plum CondoThree$577,000 $625,000 92.3%$388.3
Torian-CreeksideThree$772,500 $795,000 97.2%$508.2
OSP Condo at Apres Ski WayThree +$1,325,000 $1,450,000 91.4%$627.1
OSP Condo at Apres Ski WayFour$1,775,000 $1,975,000 89.9%$777.5
Posted by Steamboat Condos for Sale | Filed Under Market Reports, Steamboat Condos and Townhomes, Uncategorized

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