Good news for condo buyers and sellers as the Steamboat market continues to show improvement in December. The December Steamboat Springs condos sales are listed below although the list doesn’t include sales from the Trailhead Lodge Auction. (More about the auction later.)
Of the 27 Steamboat condo sales, 63% were under $500,000 and 6 were over $800,000. There were only 5 bank-owned sales and three of them were purchased by the same buyer who got a tremendous value at Chadwick Estates Villas. 2012 was the year a lot of excess real estate inventory was absorbed–especially with condos priced less than $300,000 and single family homes below $800,000–so buyers will have fewer choices going into 2013.
The newer ski-in, ski-out projects (Edgemont and One Steamboat Place) are also selling well. Edgemont had two closings and one pending sale in December, and One Steamboat Place had one sale and one pending sale in December. There are 8 Edgemont residences left and 13 whole ownership condos at One Steamboat Place available.
Finally, the Trailhead Lodge auction on December 15 was successful. Most of the 30 remaining condos sold at prices similar (or less than) the May auction prices. There are a handful of smaller condos left, so call us at 970-846-8284 to find out what’s available.
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