Steamboat Condo Sales in October

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.

DevelopmentAddressBRAsking PriceSold PriceList to Sold RatioREO Bank Owned?
6th Street Condominiums259 6th StreetOne$84,900 $74,900 88%Yes
Howelsen Place703 Lincoln Avenue B210Two$725,000 $646,750 89%No
Chaparral Terraces Condo620 Anglers Drive #5One$64,900 $67,000 103%Yes
Ski Time Square1920 Ski Time Square, #204One$115,000 $106,500 93%No
Ski Time Square1920 Ski Time Square DriveOne$134,000 $115,000 86%No
Subalpine Condo3170 Columbine #35Three$149,000 $135,000 91%No
Shadow Run Condos2900 Whistler RdTwo$145,000 $135,000 93%No
Powder Ridge Condo3025 Columbine Drive #25Two$175,000 $160,000 91%No
PineOrehousePlaza435 Ore House PlazaOne$215,000 $193,550 90%No
Sunray Meadows Condos3345 Columbine Drive #801Two$247,000 $240,000 97%No
Quail Run3437 Covey CircleOne Plus$256,000 $240,000 94%No
PineOrehousePlaza380 Ore House Plaza Unit 101Two$269,000 $269,000 100%No
Meadows at EagleRidge2800 Eagleridge Dr.Three Plus$329,000 $277,000 84%No
Winterwood Townhomes/Condos2745 Burgess Creek RoadTwo$299,500 $289,500 97%No
Storm Meadows Condos2305 Storm Meadows DriveTwo$299,000 $299,000 100%No
Ranch Steamboat Springs Condo1700 Ranch Road, Unit 213Two$305,000 $299,500 98%No
Timber@Trapp Cr2920 Village DriveTwo$314,900 $310,000 98%No
Ptarmigan House2322 Apres Ski WayOne$319,975 $310,000 97%No
Sundance Creek Condos580 Anglers Drive #302Two Plus$324,500 $320,000 99%No
Sundance Creek Condos580 Anglers Drive, #207Two Plus$339,000 $328,000 97%No
Ptarmigan House2322 Apres Ski WayOne$349,000 $330,000 95%No
Trappeurs Crossing Condos2800 Village Dr 1106Three$339,000 $334,756 99%No
Trappeurs Crossing Condos2800 Village DrFour$399,000 $354,000 89%No
Steamboat Village Plaza2305 Mt. Werner Cir, Door 4035Two Plus$449,000 $403,000 90%No
Ranch Steamboat Springs Condo1695 Ranch Rd. #506Three Plus$429,000 $415,000 97%No
Norwegian Log Condo2400 Ski Trail Lane Bldg 1, #101Four$785,000 $750,000 96%No
The Highmark at Steamboat Springs2525 Village Drive, Unit 4AFour$945,000 $935,000 99%No
OSP Condominium at Apres Ski Way2250 Apres Ski WayFour$310,000 $310,000 100%No
Clubhouse Townhome1767 Clubhouse DriveThree Plus$389,000 $370,000 95%No
Quail Run3377 Covey CircleThree$389,900 $385,000 99%No
Cottonwoods @ Walton Creek3105 Mariah CourtThree$409,000 $400,000 98%No
Pine Ridge Townhome1915 WALTON CREEK RD #7Four$439,900 $435,000 99%Yes
Enclave @ SS3465 Spring Valley DrThree$509,000 $490,000 96%No
Ski Trails Subd2362 Poma LaneFour Plus$597,000 $597,500 100%No
Ski Trails Subd2360 Poma LaneFour Plus$597,000 $597,500 100%No
Male Property - Overlook1245 Overlook DriveFour$760,000 $675,000 89%No
Cimarron1929 Cimarron CircleFive$895,000 $780,000 87%No
Flattops View Village3213 Snowflake CircleFour Plus$875,000 $832,000 95%No
Stonecreek @ Steamboat1805 Stone Creek CourtFour$874,000 $859,900 98%Yes
Stonewood@Eagle1105 Eagle Glen DriveThree Plus$975,000 $915,000 94%No
Cimarron1935 Cimarron CircleFive$965,000 $930,000 96%Yes
Stagecoach Townhomes23050 Schussmark TrailTwo Plus$69,900 $60,000 86%No
Stagecoach Townhomes23090 Schussmark TrailThree$110,000 $90,000 82%No