Buyers seeking  luxury ski-in, ski-out slopeside residences  in Steamboat Springs closed on three more condos recently, including the largest 5 bedroom Ski House for over $3.2 million. Prices are currently 20% off for the next three sales.

If you are considering purchasing at Edgemont, there aren’t many residences left with three or more bedrooms. There are six 2 bedroom condos, but only one 3 bedroom with views of the ski area, one 4 bedroom with direct ski access, and one 5 bedroom left.

Click here to see all the Edgemont condos for sale or call us at 970-846-8284 to learn why Edgemont may be the best value in Steamboat luxury ski in ski out condos.

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One Steamboat Place was off the market waiting for their loan to be restructureduntil a year ago, so sales there reflect pent-up buyer demand.

Two Edgemont condos sold making Edgemont now over 70% sold out.

See all Ski in, ski out condos for sale here, or call us at 970-819-6372.

The post Steamboat Ski In-Ski Out Condo Sales in 2012 appeared first on Steamboat Ski Condos.

 See all the Edgemont condos listed for sale here.

Edgemont condos  in Steamboat are luxury ski-in/ski out condos with owners who love Edgemont for the unparalleled access to world class skiing.  The fun at Edgemont continues year round with mountain biking and hiking and the best pool views in Steamboat.  Call us at 970-846-8284 to schedule a tour of residences currently listed for sale.

• Edgemont has 1, 2,3, 4 and 5 floorplans.    See all Edgemont Condos for Sale here.
• Edgemont has some of the best rental revenues for buyers looking for income.
• Edgemont has plenty of amenities–a salt water pool and hot tub, fire pit, and unparalleled slopeside location.

If you are looking at Edgemont as an investment, Edgemont has some of the best rental revenue in Steamboat.  (About half of Edgemont owners/investors participate in a rental program.)  There won’t be any new ski-in, ski-out construction projects in Steamboat for a while.  If you are thinking about buying a slopeside condo, call 970-846-8284 to see why you should consider Edgemont.

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With two closings last week and another currently under contract, Edgemont Condos is almost sold out. The three remaining ski in, ski out condos include:

2306–2 bedrooms with 1,467 sq ft–$895,000

2406–beautifully furnished 2 bedroom residence with 1,466 sq ft–$995,000

2704–3+Den with amazing south valley views and 2,342 sq ft.  Our designer is currently furnishing this gem which will be available turn-key in early December–$1,995,000

Call us at (970) 846-8284 for more information or click here to see more details on the last three Edgemont condos available for sale.

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The lowest priced unit was a 1BR Shadow Run that closed for $105,000 while the highest price paid was $825,000 for a 4 BR Blackhawk Townhome.    Looking at the pending sales, there are currently 53 properties under contract.

Howelsen Place and Majestic Valley both have several of their residences in escrow, so look for sold information in the next month or two.

Here are the details:

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I’ve had a few recent conversations with property managers who say their properties are sold out for extended periods of time, and not just a day here and there like they’ve seen the past several years.  It’s good to see guests back in town enjoying the snow!

In November and December,  there were 73 condo and town homes sales in Steamboat Springs. The average condo/townhouse sold for $484,000, which included a few lower priced Stagecoach properties and  four One Steamboat Place residences that sold between $1.4M-$1.9M. In addition to the One Steamboat Place sales, Trappeurs Crossing had 6 sales and  Sunray Meadows and the Villas had 4 each.

We don’t have year-end figures yet, but through November median condo sales prices increased 9% this year and median single family home prices increased 14%.

Here is the complete list of sales:

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Popular developments with several sales include Emerald Heights and Rocky Peak, two new developments off of Hilltop Parkway where buyers are purchasing brand-new townhomes with nice finishes under $600,000; Quail Run; entry-level developments like The Rockies, Shadow Run and First Tracks @ Wildhorse Meadows; and ski-in, ski-out properties at Torian Plum and Torian Creekside.

At the low end of the market, two Walton Village 1 bedroom condos sold for $120K and $126K.  Just three years ago, Walton Village condos were selling under $75,000 showing how prices are climbing rapidly at certain price points.

See the complete list of Steamboat condo sales below or click here to see what condos are currently available.

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The average sales price was$539,000, while the median sales price was only $356,000 indicating a large number of lower priced condos sold in November. The average ratio of sold price to asking price was 95%.

Here are the details:

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• Ongoing maintenance of a property– It costs money to maintain a property. In Steamboat, this can add up pretty quickly. The main expenses you’ll face owning a second home are yard maintenance in the summer, and snow removal in the winter. Other things inclu
• Who keeps an eye on things when you’re around? You might have to hire someone check on things. Most HOA’s will monitor things when you’re not around. Especially when there is a cold snap, or a leaky roof, or anything worrisome going on, most HOA’s will send their maintenance people around to make sure there are no issues with the individual units within the development. If you own a single family home, you might want to have someone check on things on a regular basis so things like a pipe leak or a broken window don’t go unnoticed.
• Fewer bills to pay each month– Many of the local HOA’s will include many utilities as part of the HOA fees. Not having to set up water and sewer, trash service, cable, building insurance and then having to pay for it on a regular basis can get tiresome. Most HOA’s cover most of these expenses. The most common expense that is not covered by the homeowner’s association in Steamboat is electricity. Even then, it’s one or a couple of bills instead of multiples.
• Other amenities– Unless you’re buying a multi-million dollar property, most homes in Steamboat don’t have pools, tennis courts, shuttles, etc. Some might have a hot tub, but then you’ll need someone to maintain it regularly. When you own a condo in Steamboat that has many of these amenities, you feel like you’re on vacation. You don’t have to leave the complex to enjoy all these perks, and they are all included in your HOA fees.
• Stress less vacation. Sometimes a second home can become a second job. You come to Steamboat to relax and enjoy everything this great town has to offer. If you come home and the heat is not working or there’s a leaky roof, you might spend most of your vacation trying to get it fixed. Most people don’t want to do that on their vacation!

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