The market has turned and people are buying again. There were 43 Steamboat condos that sold in October ranging in price from a $60,000 Stagecoach Townhome to a $915,000 Stonewood Townhome. The average price was $396,845 reflecting the return of the mid-range buyer who sat patiently on the sidelines for the past several years.
In fact, about half the Steamboat condo sales in October had a purchase price between $300,000-$700,000. Only five were bank-owned. Sellers are also seeing–and getting– offers closer to their asking price. The average list-to-sold ratio was 95%, meaning most buyers were able to negotiate a 5% discount off the list price when they closed on their condo last month.
When you compare this years’ sales to those from a year ago it’s apparent the mid-range buyer has returned. In October 2011, there were 28 condo/townhome sales– and 21 of those sold for less than $350,000. Six were bank-owned.
Prices are now about 30-35% lower than they were at the peak and appear to have stopped sliding downward. Please call us at 970-846-8284 for specifics or for a short list of available Steamboat condos for sale.
See the table below for full sales details and sort by price, development, etc.
| Development | Address | BR | Asking Price | Sold Price | List to Sold Ratio | REO Bank Owned? |
|---|---|---|---|---|---|---|
| 6th Street Condominiums | 259 6th Street | One | $84,900 | $74,900 | 88% | Yes |
| Howelsen Place | 703 Lincoln Avenue B210 | Two | $725,000 | $646,750 | 89% | No |
| Chaparral Terraces Condo | 620 Anglers Drive #5 | One | $64,900 | $67,000 | 103% | Yes |
| Ski Time Square | 1920 Ski Time Square, #204 | One | $115,000 | $106,500 | 93% | No |
| Ski Time Square | 1920 Ski Time Square Drive | One | $134,000 | $115,000 | 86% | No |
| Subalpine Condo | 3170 Columbine #35 | Three | $149,000 | $135,000 | 91% | No |
| Shadow Run Condos | 2900 Whistler Rd | Two | $145,000 | $135,000 | 93% | No |
| Powder Ridge Condo | 3025 Columbine Drive #25 | Two | $175,000 | $160,000 | 91% | No |
| PineOrehousePlaza | 435 Ore House Plaza | One | $215,000 | $193,550 | 90% | No |
| Sunray Meadows Condos | 3345 Columbine Drive #801 | Two | $247,000 | $240,000 | 97% | No |
| Quail Run | 3437 Covey Circle | One Plus | $256,000 | $240,000 | 94% | No |
| PineOrehousePlaza | 380 Ore House Plaza Unit 101 | Two | $269,000 | $269,000 | 100% | No |
| Meadows at EagleRidge | 2800 Eagleridge Dr. | Three Plus | $329,000 | $277,000 | 84% | No |
| Winterwood Townhomes/Condos | 2745 Burgess Creek Road | Two | $299,500 | $289,500 | 97% | No |
| Storm Meadows Condos | 2305 Storm Meadows Drive | Two | $299,000 | $299,000 | 100% | No |
| Ranch Steamboat Springs Condo | 1700 Ranch Road, Unit 213 | Two | $305,000 | $299,500 | 98% | No |
| Timber@Trapp Cr | 2920 Village Drive | Two | $314,900 | $310,000 | 98% | No |
| Ptarmigan House | 2322 Apres Ski Way | One | $319,975 | $310,000 | 97% | No |
| Sundance Creek Condos | 580 Anglers Drive #302 | Two Plus | $324,500 | $320,000 | 99% | No |
| Sundance Creek Condos | 580 Anglers Drive, #207 | Two Plus | $339,000 | $328,000 | 97% | No |
| Ptarmigan House | 2322 Apres Ski Way | One | $349,000 | $330,000 | 95% | No |
| Trappeurs Crossing Condos | 2800 Village Dr 1106 | Three | $339,000 | $334,756 | 99% | No |
| Trappeurs Crossing Condos | 2800 Village Dr | Four | $399,000 | $354,000 | 89% | No |
| Steamboat Village Plaza | 2305 Mt. Werner Cir, Door 4035 | Two Plus | $449,000 | $403,000 | 90% | No |
| Ranch Steamboat Springs Condo | 1695 Ranch Rd. #506 | Three Plus | $429,000 | $415,000 | 97% | No |
| Norwegian Log Condo | 2400 Ski Trail Lane Bldg 1, #101 | Four | $785,000 | $750,000 | 96% | No |
| The Highmark at Steamboat Springs | 2525 Village Drive, Unit 4A | Four | $945,000 | $935,000 | 99% | No |
| OSP Condominium at Apres Ski Way | 2250 Apres Ski Way | Four | $310,000 | $310,000 | 100% | No |
| Clubhouse Townhome | 1767 Clubhouse Drive | Three Plus | $389,000 | $370,000 | 95% | No |
| Quail Run | 3377 Covey Circle | Three | $389,900 | $385,000 | 99% | No |
| Cottonwoods @ Walton Creek | 3105 Mariah Court | Three | $409,000 | $400,000 | 98% | No |
| Pine Ridge Townhome | 1915 WALTON CREEK RD #7 | Four | $439,900 | $435,000 | 99% | Yes |
| Enclave @ SS | 3465 Spring Valley Dr | Three | $509,000 | $490,000 | 96% | No |
| Ski Trails Subd | 2362 Poma Lane | Four Plus | $597,000 | $597,500 | 100% | No |
| Ski Trails Subd | 2360 Poma Lane | Four Plus | $597,000 | $597,500 | 100% | No |
| Male Property - Overlook | 1245 Overlook Drive | Four | $760,000 | $675,000 | 89% | No |
| Cimarron | 1929 Cimarron Circle | Five | $895,000 | $780,000 | 87% | No |
| Flattops View Village | 3213 Snowflake Circle | Four Plus | $875,000 | $832,000 | 95% | No |
| Stonecreek @ Steamboat | 1805 Stone Creek Court | Four | $874,000 | $859,900 | 98% | Yes |
| Stonewood@Eagle | 1105 Eagle Glen Drive | Three Plus | $975,000 | $915,000 | 94% | No |
| Cimarron | 1935 Cimarron Circle | Five | $965,000 | $930,000 | 96% | Yes |
| Stagecoach Townhomes | 23050 Schussmark Trail | Two Plus | $69,900 | $60,000 | 86% | No |
| Stagecoach Townhomes | 23090 Schussmark Trail | Three | $110,000 | $90,000 | 82% | No |