2015 is proving to be a transitional year in real estate here in Steamboat Springs and around the country. (The stories out of Denver and the Front Range show their markets are even crazier than ours with 50 showings the first day and 20 offers on the same property. Whew).
Our low inventory has frustrated buyers who either aren’t finding what they are looking for or are finding prices higher than recent comps with sellers willing to wait for the next buyer rather than settling for a lower price.
The February stats really illustrate what is going on. Land Title emailed the final numbers showing February was quite a bit slower than last year with only $16.2 in Steamboat real estate Gross Sales Volume (down 58% from last year) and 49 Steamboat real estate transactions (down 50% from last year).
The reason sales are down is because there aren’t enough condos, townhomes, and single family homes in move-in-ready condition for the buyers who want them. They are forced to stay on the sidelines instead of buying, and when prices are now rising an average of 11% a year, people are ready to buy.
Call us at (970) 846-8284 if you have questions, and here are sales from March 2015:
| Steamboat Springs Condo Development | Address | BR | Asking Price | Sold Price | % List to Sold |
|---|---|---|---|---|---|
| Chateau Chamonix Condo | 2306 Ski Trail Lane, Unit 124 | Two | $599,000 | $575,000 | 96% |
| Kutuk Condo | 2000 Ski Time Square #304 | Two + | $419,000 | $410,000 | 98% |
| OSP Condominium at Apres Ski Way | 2250 Apres Ski Way, R-609 | Four | $1,850,000 | $1,800,000 | 97% |
| Phoenix @ Steamboat Springs | 2320 Apres Ski Way, #126 | Three + | $449,000 | $395,000 | 88% |
| PineOrehousePlaza | 360 Ore House Plz #205 | One | $223,500 | $215,500 | 96% |
| ResidencesofOT | 730 Yampa Street | Three | $297,000 | $295,000 | 99% |
| Rockies Condo | 1945 Cornice Rd #2102 | One | $159,900 | $153,000 | 96% |
| Storm Meadows Condos | B-318 2375 Storm Meadows Dr | One | $159,000 | $146,000 | 92% |
| Storm Meadows Condos | 2215 Storm Meadows Drive | One | $179,900 | $171,400 | 95% |
| Storm Meadows Condos | 2215 Storm Meadows Drive | Three | $284,000 | $275,000 | 97% |
| Sunray Meadows Condos | 3365 Columbine Drive | Two | $290,500 | $275,000 | 95% |
| Sunray Meadows Condos | 3355 Columbine Drive #604 | Two | $312,000 | $307,500 | 99% |
| Sunray Meadows Condos | 3340 Columbine Drive | Two | $339,000 | $324,000 | 96% |
| Sunrise Condo | 2505 Daybreak Court #308 | Three | $329,000 | $319,000 | 97% |
| Timber Run Cond | 2015 Walton Creek Road | Four | $437,000 | $410,000 | 94% |
| Timbers Condo | 31500 Runaway Place #104 | One | $138,000 | $129,995 | 94% |
| Timbers Condo | 31500 Runaway Place #204 | Two | $149,500 | $145,000 | 97% |
| Trappeurs Crossing Condos | 1875 Medicine Springs Dr. 4204 | Three | $579,000 | $560,000 | 97% |
| Trappeurs Crossing Condos | 1875 Medicine Springs Drive | Four | $695,000 | $645,000 | 93% |
| Trappeurs Crossing Condos | 1750 Medicine Springs Dr | Three | $799,000 | $710,000 | 89% |
| Walton Village Condo | 1340 Athens Plaza, Gamma 9 | One | $137,500 | $126,000 | 92% |
| Cornerstone | 1540 Moraine Circle | Three | $555,000 | $520,000 | 94% |
| Cross Timbers @ SS | 2841 Timber Lane | Four | $700,000 | $650,000 | 93% |
| Indian Meadows Townhome | 3184 Ingles Ln #F4 | Two | $178,000 | $178,000 | 100% |
| Mountain Vista Townhome | 616 Mountain Vista Circle | Two | $360,000 | $350,000 | 97% |
| Steamboat Ridge Subdivision | 372 Old Fish Creek Falls Road | Three | $310,000 | $277,000 | 89% |
| Stone Lane Meadows | 3450 Stone Ln. | Two | $384,900 | $358,000 | 93% |
| Timbers Village | 31605 Buckingham Lane | Two + | $216,000 | $200,000 | 93% |
| Waterford Townhome | 2650 Medicine Springs Dr #22 | Four | $499,000 | $488,500 | 98% |
| Whistler Village Thm | 15 Balsam Court | Two | $174,900 | $169,900 | 97% |
| Willett Heights Subdivision | 1502 Blue Sage Dr | Three | $499,000 | $485,000 | 97% |