Archive for June 2018

Steamboat Springs Real Estate Sales 2018

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Looking at the real estate sales in the first half of 2018 shows a clear trend: single family homes are in short supply in Steamboat Springs, especially homes under $500,000.  Since January, only four homes sold for less than $500,000.  Neighborhoods like Emerald Knoll, Village Green, and Tree Haus are seeing home sales close above $1,000,000 and downtown “fixer uppers” start around $600,000.  New homes are even more scarce.  Only two homes sold that were built after 2017.  There are, however, two homes in Sunlight under contract at $555,000 and $635,000.  

Here is a list of single family home sales in Steamboat Springs:

Buyer Tour RegionDevelopment NameAddressList PriceList/Sold $
Downtown Area1St Add To Steamboat Springs134 12th St$1,000,000 $800,000
Downtown AreaBrooklyn Subdivision65 Agate St$975,000 $950,000
Downtown AreaNo Defined Development14 Logan Ave$1,450,000 $1,425,000
Downtown AreaOrig Town Steamboat Springs235 Pine St$869,000 $855,000
Downtown AreaOrig Town Steamboat Springs320 Oak St$1,400,000 $1,343,800
Downtown AreaOther1141 Soda Ridge Way$890,000 $850,000
Downtown AreaPioneer Village1563 Conestoga Ct$415,000 $395,000
Downtown AreaVillage Green1061 Merritt St$600,000 $565,000
Downtown AreaVillage Green1121 Merritt St$950,000 $961,500
Downtown AreaVillage Green Highlands1260 Buckskin Dr$1,250,000 $1,170,000
Downtown AreaYahmonite Add SS873 Yahmonite St$675,000 $645,000
Downtown AreaYahmonite Add SS825 Douglas St$775,000 $760,000
Fish Creek AreaAlpine Acres30 Alpine Dr$1,080,000 $965,000
Fish Creek AreaAlpine Acres175 Deer Clover Ln$3,495,000 $3,265,000
Fish Creek AreaAnglers Retreat668 Retreat Pl$1,299,000 $1,315,000
Fish Creek AreaEmerald Knoll492 Sandhill Cir$689,000 $689,000
Fish Creek AreaEmerald Knoll747 Sandhill Cir$1,100,000 $1,067,500
Fish Creek AreaEmerald Knoll529 Robin Ct$1,395,000 $1,350,000
Fish Creek AreaFish Creek75 Anglers Dr #65$67,500 $60,000
Fish Creek AreaFish Creek1486 Blue Sage Dr$960,000 $960,000
Fish Creek AreaHillside Subdivision815 Hillside Ct$583,000 $565,000
Fish Creek AreaHillside Subdivision230 Hillside Dr$619,000 $610,000
Fish Creek AreaHillside Subdivision270 Hillside Dr$775,000 $755,000
Fish Creek AreaHorseshoe Subdivision1500 Fish Creek Falls Rd$855,000 $835,000
Fish Creek AreaMountain View668 Meadowbrook Cir$1,249,000 $1,224,000
Fish Creek AreaMountain View687 Meadowbrook Cir$1,695,000 $1,525,000
Fish Creek AreaNo Defined Development490 Tamarack Dr$995,000 $995,000
Fish Creek AreaNo Defined Development1184 Anglers Dr$2,999,999 $2,550,000
Fish Creek AreaSpring Creek1830 Upper Huckleberry Ln$649,000 $659,000
Fish Creek AreaSteamboat Point Subdivision435 Emerald Ct$599,999 $570,000
Fish Creek AreaSteamboat Point Subdivision428 Emerald Ct$595,000 $587,800
Fish Creek AreaTamarack Point Subdivision535 Wyatt Dr$595,000 $585,000
Fish Creek AreaValverdant Meadows Subdivision225 Valverdant Ct$1,648,000 $1,627,140
Fish Creek AreaWillett Heights Subdivision610 Amethyst Dr$825,000 $800,000
Fish Creek AreaWillett Heights Subdivision650 Amethyst Dr$840,000 $832,000
Fish Creek AreaWillett Ridge Subdivision475 Willow Ct$829,000 $815,000
Mountain AreaCountry Club Highlands2146 Clubhouse Dr$1,340,000 $1,285,000
Mountain AreaDakota Ridge Subdivision36370 Trail Ridge Rd$2,850,000 $2,650,000
Mountain AreaFairway Meadows Subdivision1469 & 1471 Robert E Lee Ln$975,000 $965,000
Mountain AreaMount Werner Meadows Amended3300 Apres Ski Way$649,000 $600,000
Mountain AreaRendevous Trails Subdivision2894 Burgess Creek Rd$1,395,000 $1,350,000
Mountain AreaRiver Place Subdivision890 Dougherty Rd$495,000 $480,000
Mountain AreaRunning Bear2275 Bear Dr$1,495,000 $1,287,500
Mountain AreaRunning Bear2080 Bear Dr$1,350,000 $1,292,000
Mountain AreaRunning Bear2200 Bear Dr$1,560,000 $1,405,000
Mountain AreaSanctuary The Subd1220 Steamboat Blvd$1,999,000 $1,900,000
Mountain AreaSanctuary The Subd936 Steamboat Blvd.$2,735,000 $2,500,000
Mountain AreaSteamboat Barn Village945 Twilight Ln$1,495,000 $1,495,000
Mountain AreaSteamboat Barn Village775 Angel's View Way$1,745,000 $1,700,000
Mountain AreaTree Haus37260 William William$729,000 $700,000
Mountain AreaTree Haus36965 William William$825,000 $814,000
Mountain AreaTree Haus36915 William William$1,250,000 $1,180,000
South ValleyBig Valley Ranch27680 Beaver Ridge Rd$5,700,000 $5,150,000
South ValleyDakota Ridge Subdivision31635 Aspen Ridge Rd$1,299,000 $1,260,000
South ValleyDakota Ridge Subdivision31645 Aspen Ridge Rd.$1,395,000 $1,295,000
South ValleyEmerald Meadows West Subdivision29850 Emerald Meadows Dr$3,990,000 $3,783,920
South ValleyMetes & Bounds32305 County Road 20$2,250,000 $2,030,000
South ValleyNone28925 County Road 14$750,000 $725,000
South ValleyNone30355 County Road 14C$955,000 $950,000
South ValleyStar Ridge Estates31215 Star Ridge Rd$636,500 $636,500
South ValleySteamboat Hills Subdivision31712 Whiskey Hill Ln$575,000 $530,000
South ValleySteamboat Pines Subdivision30365 Deer Ln$1,975,000 $1,830,000
South ValleySteamboat Pines Subdivision30350 Blue Grouse Ln$2,250,000 $1,925,000
South ValleyWhitewood Subdivision27555 Whitewood Drive East$665,000 $639,000
Strawberry ParkStrawberry Park39800 Amethyst Dr$2,850,000 $2,237,500
West Steamboat / US 40Heritage Park40172 Lindsay Dr$599,000 $590,000
West Steamboat / US 40Heritage Park27361 Brandon Cir$645,000 $630,000
West Steamboat / US 40Heritage Park27390 Brandon Circle$695,000 $675,000
West Steamboat / US 40Heritage Park27429 Brandon Cir$750,000 $735,000
West Steamboat / US 40Riverside Subd2704 Honeysuckle Ln$399,000 $356,680
West Steamboat / US 40Saddle Mountain Ranch38430 County Road 179$599,000 $565,000
West Steamboat / US 40Silver Spur/ Estates27665 Winchester Trl$554,000 $525,000
West Steamboat / US 40Silver Spur/ Estates27755 Winchester Trl$629,000 $590,000
West Steamboat / US 40Silver Spur/ Estates27783 Silver Spur St$645,000 $645,000
West Steamboat / US 40Silver Spur/ Estates27798 Silver Spur St$750,000 $750,000
West Steamboat / US 40Silver Spur/ Estates27642 Silver Spur St$775,000 $775,000
West Steamboat / US 40West End Village2869 Abbey Rd$439,900 $439,900
West Steamboat / US 40West End Village2868 W End Ave$525,000 $525,000
West Steamboat / US 40West End Village2328 Penny Ln$585,000 $595,000
West Steamboat / US 40West End Village2339 Oxford Way$675,000 $675,000

May Market Stats from Land Title

Melissa Gibson from Land Title reports about the Steamboat Springs real estate market for May 2018 in the email excerpt below:

“Our May numbers in Routt county were very similar to May of 2017.  Total transactions were 140 compared to 148 last year and our gross sales volume was $70.15M compared to $71.56M last year.  Year to date, our gross volume is down -9.86% and transactions are down -7.42%.  Our average residential price is $667,728 YTD.  
There were two New Unit Sales in May – both were in Hayden.  Still hoping for more inventory – both new and resale – to hit the Steamboat market.  Local buyers made up 58% of our sales in May in Routt county.
There were a total of 170 loans in May with 57% of purchasers closing with financing at the time of sale while 43% closed with cash.”

Our Steamboat Springs real estate market is experiencing the same nationwide issues of low inventory (especially with new homes) and buyers trying to close on a property before interest rates increase.  Dollar volume would be higher if there were more places to buy. 

If you are interested in learning more about Steamboat real estate, give us a call at 970-819-6372.