Steamboat Condo Sales for Feb 2019

Steamboat Condo
A Cimarron townhome closed in February for $1,575,000

There were 22 Steamboat condo and townhome sales in February for a total dollar volume of $11,655,000.  The average sale price was $529,770 with prices ranging from a Cimarron townhome that sold for $1,575,000 to a Wagon Wheel condo in Stagecoach for $157,500.

Interestingly, even though it is the middle of ski season, only one was a ski-in, ski-out condo (an entry-level Ski Inn condo that closed for $320,000).  There were several sales at “non-resort” developments where HOA dues are lower and there aren’t luxuries like a shuttle, a pool, and on-site check-in.

Developments with February sales include Pines/Pines at Ore House, Old Towndevelopments like Howelsen Place and the Residences of Old Town, and two Fish Creek area townhomes in Mountain Vista and Willett Ridge.

For the peak of ski season, there are currently 43 ski-in, ski-out condos for sale at all price points.  Only 5 are under contract.  The five ski-in, ski-out condos that are in escrow are all priced between $300,000-$900,000. That range is pretty typical for a 2 (or possibly 3) bedroom place at the base of the ski mountain in the Steamboat market. 

This year has been an incredible ski year with snowfall totals we haven’t seen in years, so many of the condos that are for sale are rented back-to-back.  It’s been hard to show properties to interested buyers due to the rentals.  It will be interesting to see if the end of ski season brings more offers for ski-in, ski-out owners looking to sell, or if buyers will have the upper hand with negotiations this spring.

If you would like to learn more about available condos for sale, please call us at (970) 846-8284. Here is a list of all the Steamboat condo and townhome sales in February 2018:

Steamboat Area Development NameAddressList PriceList/Sold $% List-to-Sold
Howelsen Place703 Lincoln Avenue B308$799,000 $770,000 96%
Residences of Old Town730 Yampa Ave #A8$249,000 $242,500 97%
Mountain Vista Townhome537 Mountain Vista Cir #14$481,500 $467,500 97%
Willett Ridge Subdivision951 Paloverde Ln$759,000 $754,000 99%
Alpine Vista Townhomes1702 Alpine Vista Ct #3$899,000 $875,000 97%
Burgess Creek Townhome Condo2617 Burgess Creek Rd #201$475,000 $459,000 97%
Cimarron1905 Cimarron Cir$1,595,000 $1,575,000 99%
Cottonwoods @ Walton Creek3118 Mariah Ct$542,000 $528,000 97%
Creekside Condo1481 Creekside Ct #101$342,000 $329,000 96%
Meadows at EagleRidge2800 Eagleridge Dr ##8B$524,000 $524,000 100%
Mountaineer3001 Mountaineer Cir #A$1,089,000 $1,025,000 94%
Pine Orehouse Plaza435 Ore House Plz #1041$299,500 $296,000 99%
Pines Condo460 Ore House Plz #105E$269,000 $262,000 97%
Pines Condo540 Ore House Plz #A-101$349,000 $333,000 95%
Ridgecrest Condo1805 River Queen Ln #305$389,000 $374,000 96%
Rockies Condo1945 Cornice Dr #2133, Bldg A$359,000 $353,000 98%
Ski Inn Condo2350 Ski Trail Ln #325$325,000 $320,000 98%
Sunrise Condo2525 Daybreak Ct #103$384,000 $384,000 100%
Walton Village Condo1385 Sparta Plz #Rho #10$179,000 $169,000 94%
Wildhorse Meadows - Trailhead Lodge1175 Bangtail Way #4105$679,000 $670,000 99%
Winterwood Townhomes/Condos2741 Burgess Creek Rd #9$498,000 $490,000 98%
Wagon Wheel Condos23800 County Road 16 #204$170,000 $157,500
$11,655,000 $11,357,500 97%