Snowmaking Underway in Steamboat
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 […]
Steamboat Condo Sales in September
There were 29 Steamboat condo sales in September, with 20 of those sales below $500,000 and three over $1M at Edgemont, One Steamboat Place, and Trailhead Lodge at Wildhorse Meadows. Check out the details below. [table id=19 /]
Insurance Condo Owners Need
If you are considering buying a Steamboat condo, there are 2-3 different types of insurance you’ll need once you close escrow and move in. The first is the master policy which is paid through the owners’ HOA dues. Typically, the master policy will cover damage to the structure and the walls, floors and ceiling of […]
Steamboat Condo Sales for October
There were 11 Steamboat condominium and townhome sales in September 2012 ranging from a starter $67,000 place at Chapparel Terraces to a five bedroom Cimarron Townhome short sale that was listed at $895,000 and closed for the absurdly low price of $780,000. Buyers who want to purchase a condo before ski season are looking now […]
Condo Financing Gets (Slightly) Easier
One of the reasons the Steamboat condo market–and all resort markets nationwide–is still a challenge is because Fannie Mae guidelines have made getting a condo loan nearly impossible for many Steamboat condo developments. Lenders won’t finance anything that doesn’t meet those guidelines, so condos with front desks, nightly rentals, more than 50% of the development […]
Chateau Chamonix
I was walking up the new path connecting the base area promenade with Edgemont and stopped to take a photo of Chateau Chamonix condos. Chateau Chamonix has a great ski in, ski out location and many condos have had substantial price decreases in the last year or two. The last sale in Chateau Chamonix […]
July Steamboat Springs Condo Sales
Steamboat condos sales for July are listed below. There were 31 sales, and true to current market trends, over 75% sold for less than $500,000. The under $500,000 market and especially the under $300,000 market has seen a lot of activity this summer. If you would like more information about buying or selling your Steamboat […]
June Steamboat Condo Sales
Eighteen Steamboat area condos sold in June ranging in price from $44,900-$1,870,000. Location drives prices here in Steamboat Springs with ski-in, ski-out condos at The Antlers, One Steamboat Place, and Snowflower commanding the highest prices. Trailhead Lodge also had three closings as they finish up with post-auction sales. One trend I’ve noticed is the increase […]
Steamboat Condo Sales in April and May
Steamboat condos sales and Steamboat real estate in general have picked up over the last 12 weeks and days on market have come down dramatically. Some Steamboat condos that were on the market for a year…or even two…are now pending, and new listings are finding buyers within months. We aren’t back to a “normal” market […]
