Views from the outer circle of Graystone on the Green
Buyers purchased 15 Steamboat single family homes worth $17,529,000 in February with a clear preference for newer and smaller homes. Five of the home sales were built in the last two years, and all but one of the new homes sold for well over $1M. In Steamboat and nationwide, buyers are paying a premium for new homes. And Steamboat buyers are okay with paying more if it gets them open living areas, mountain contemporary finishes, and livable homes with less than 4000 sf.
Graystone on the Green and Barn Village are two of the most popular neighborhoods in Steamboat and they didn’t even exist five years ago. (Well, they did, but they were vacant lots.) These neighborhoods had 10 sales in the last year with prices ranging from $1,345,000-$1,935,000. Sunlight is another new neighborhood where 5 homes have sold and another 5 are under contract—all within the last six months. The homes and lots are smaller at Sunlight, but so are the prices. You can buy in Sunlight for less than $800,000.
Buyers looking to stay under $1,000,000 can choose from the smaller homes in Sunlight or buy previously owned homes in established neighborhoods. If you’d like to see what is currently for sale, here is a link to all the single family homes currently for sale in Steamboat. Homes are selling at an average 96% of their list price.
If you would like more information about available homes in Steamboat, call us at 970.819.6372. Here is a list of all the single family homes that sold in February: [table id=13 /]
New Listing! This brand new home on 5 Copper Rose Court in the Fish Creek area of Steamboat Springs, CO has everything you’ve been waiting for–a great floor plan, new construction at a great price, VIEWS, a huge 3 car garage, and a location close to town and the ski mountain. Call us at 970-819-6372 to set up a tour of this 4 bed/ 4 bath, 3,583 sq ft gem, or scroll down for more photos and a complete description.
You’ll want to see this brand new home in the Fish Creek area on a cul-de-sac street with abundant sunshine and incredible views of Emerald Mtn and the Steamboat Ski Area. With 4,000 sq ft of mountain contemporary luxury, this home features 4 bedrooms, 6 bathrooms, 3 car heated garage (one tandem), study, fitness room w/ sauna, wine closet, and a large family room with wet bar. All bedrooms have en suite bathrooms and walk-in closets. The master suite enjoys huge views, a private balcony, spa-like bathroom with large shower and soaking tub, and a walk-in closet with full sized washer/dryer. Other features include Nest thermostats and wireless LED lighting that can be controlled remotely with phone, forced air heat and AIR CONDITIONING, professional grade appliances, custom barn doors, oak flooring, and more. Complete list of features and construction specs available upon request. Convenient location a short walk from the Blue Sage Trail leading to downtown.
Property Type: Single Family Home
Sub Type: Detached Single Family
Listing Status: Active
County/Area: Routt County
Zip Code: 80487
Year Built: 2018
Subdivision/Neighborhood: Steamboat Springs
School District: Steamboat Springs Re-2
Elementary School: Strawberry Park
Middle School: Steamboat Springs
High School: Steamboat Springs
Sq.Ft.: 3,583 sq ft
Style: Mountain Contemporary, 3+ Story
Bedrooms: 4
Full Baths: 4
Half Baths: 2
Basement: Full, Walk-Out
Garage: 3
# of Parking Spaces: 3
Fireplace: Gas/Gas Logs, Living Room, 1
Lot Size: 14375 sq ft
Baths: 6
View: Mountain View,Ski Area
Zoning: RN2
Architectural Style: Mountain Contemporary
Basement Finished YN: Y
Bathrooms Total Lower: 2
Bathrooms Total Main: 1
Bathrooms Total Upper: 3
Bedrooms Total Lower: 1
Bedrooms Total Upper: 3
Builder Name 2: Dry Creek Construction
Building Area Source: Floor Plans
Construction Materials: Metal Siding, Stone, Wood Siding
Construction Methods: Frame
Cooling: Air Conditioning-Central
Countertop Type: Quartz
Development Name: Copper Rose Subdivision
Electricity Source: Yes
Exterior Features: Covered Deck, Covered Patio, Front Porch, Patio
Flooring: Carpet, Tile Floor, Wood
Gas Source: Yes
Gas Type: Natural Gas
Heating: Forced Air
Heating Fuel: Gas
Interior Features: Exercise Room, Kitchen Island, Master Bath, Master Suite, Open Floor Plan, Pantry, Sauna, Walk-In Closets, Wet Bar
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:
[table id=10 /]
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.
Steamboat Springs area homes have been selling almost as fast as they hit the market. From January through May of 2018, 46 single family homes sold between $439,900 and $5,150,000 with the bulk of sales falling between $600,000-$1,300,000. Over 60% of homes sold over $800,000 and 40% sold over $1,000,000. I keep thinking the backlog of buyers should be reaching an equilibrium with supply, but then another home gets listed and sells within days. Downtown, Tree Haus, Dakota Ridge, and the general Fish Creek area all have seen multiple sales.
Here is a full list of Steamboat Springs homes that sold recently:
Move in to this wonderful single family home in Heritage Park. Priced at $759,000, you’ll find high quality finishes, 4 beds, 2.5 baths, and 2,393 sq ft of very liveable space. Call us at 970-819-6372 to see 27429 Brandon Circle, Steamboat Springs, CO 80487, or scroll down for more details. MLS No. 6969270
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HERITAGE PARK LISTING IN STEAMBOAT DESCRIPTION
This well-designed home in Heritage Park is the one youâve been waiting for. Handsome cedar siding, stacked stone, four low-maintenance decks (two are covered) and an irrigated fenced yard enhance the exterior curb appeal, or head inside and enjoy the remodeled kitchen, vaulted ceilings, newer appliances and hardwood floors. There are plenty of outdoor spaces to enjoy the seasons and an oversized garage for storage. Inside, the living room is bathed in light from the large custom windows and a see-through fireplace warms the living room and study where you can curl up with a book selected from the built-in shelves and cabinetry. The master bedroom suite features a large walk in closet and bath with a separate shower and soaking tub. Only 10 minutes west of downtown Steamboat Springs, this lovely home is a gem!
BRANDON CIRCLE PROPERTY FEATURES
Property Type: Single Family Home
Sub Type: Detached Single Family
Listing Status: Active
County/Area: Routt County
Zip Code: 80487
Year Built: 2000
Subdivision/Neighborhood: Heritage Park
School District: Steamboat Springs Re-2
Elementary School: Strawberry Park
Middle School: Steamboat Springs
High School: Steamboat Springs
Sq.Ft.: 2,393 sq ft
Style: Traditional, 2 Story
Bedrooms: 4
Total Baths: 3
Full Baths: 2
Half Baths: 1
Garage: 2
# of Parking Spaces: 2
Fireplace: Gas/Gas Logs, Living Room, 1
Acres: 9148 sq ft lot
View: Mountain View
Zoning: MDR
Area: West Steamboat / US 40
Architectural Style: Traditional
Association Fee Frequency: Annual
Association Fee Primary: 556.00
Association Name Primary: Heritage Park HOA
Association Phone Primary: 970 879 8814
Basement Floor Type: Crawl Space
Bathrooms Total Main: 1
Bathrooms Total Upper: 2
Bedrooms Total Upper: 4
Building Area Source: County Records
Construction Materials: Cedar Siding
Construction Methods: Frame
Cooling: Ceiling Fan
Countertop Type: Granite
Development Name: Heritage Park
Electricity Source: Available
Exterior Features: Balcony, Covered Deck, Deck, Fence, Front Porch, Yard
2017 was the best year for Steamboat Springs real estate sales since the recession started a decade ago. According to Melissa Gibson from Land Title, “Routt county ended 2017 with the highest gross sales volume since 2007! We saw $809,183,833 in gross sales volume with a total of 1,608 transactions! What a great year! While December numbers were down slightly from 2016, the Year end gross volume was up 16.46% and transactions were up 4.48% compared to 2016. ”
See below how the Steamboat real estate market has trended since 2010, or call us at 970-819-6372 to talk about buying or selling a place of your own in Steamboat.
Buyers looking to purchase a Steamboat single family home are experiencing a frustrating summer buying season, but most are finding homes even if it takes a couple of tries. Houses in Steamboat are selling for an average 98% of the list price, so there isn’t much room to negotiate. And almost 25% of home purchases are closing at or above the list price showing how common multiple offer situations have become.
Median Steamboat Springs real estate prices are up 22.75% from the second quarter of 2016, and total dollar volume is up 29% YTD from last year. Here are a few other stats from Melissa Gibson at Land Title:
Median Residential Price: up +22.75% from Q2 2016
Gross Sales Volume: up +29.05% from Q2 2016
Average Residential Price:up +1.70% from Q2 2016
Buyer Profile: 54.09% Local, 16.08% Front Range, 29.38% Out-of-State, 0.43% International
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