Archive for Steamboat Springs Real Estate News

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Colorado Group Realty Insider

Steamboat Single Family Home Sales in Feb and March

Storm Mountain Ranch

Twenty seven Steamboat single family homes (and 1/2 duplexes) closed in February and March for almost $25M.  Twelve of them (44%) sold for more than $900,000 showing the rising trend in prices.  With the recent announcement of Aspen acquiring Steamboat, don’t expect the trend to reverse.  

See the list of sales below, or call us at 970-819-6372 for details or to schedule a time to talk about buying and/or selling. 

TypeDevelopmentAddressAsking PriceSold Price% List to Sold
Single FamilySteamboat Lakes26645 Neptune Place$469,000 $459,000 98%
Single Family4 Bar G26350 Larkspur Lane$499,900 $480,000 96%
Single Family1St Add To Ss333 Short St. #A$529,500 $486,000 92%
Single FamilyCaptains Cove23043 County Road 62$532,000 $515,000 97%
Single FamilyMoonhill Meadow49915 County Road 129$549,000 $540,000 98%
Single FamilyAspen Heights Subdivision145 Huckleberry Lane$569,000 $559,000 98%
Single FamilyTamarack Point Subdivision585 Wyatt Drive$599,999 $560,000 93%
Single FamilyHeritage Park27373 Brandon Circle$589,000 $573,000 97%
Single FamilySilver Spur/ Estates27629 Winchester Trl$595,000 $585,000 98%
Single FamilyParkside60545 Parkside Drive$595,000 $595,000 100%
Single FamilyTamarack Point Subdivision554 Wyatt Way$635,000 $635,000 100%
1/2 DuplexFox Hunt Subdivision859 Mill Run Court$669,000 $655,000 98%
Single FamilyOther853 North Park Road$698,000 $670,000 96%
Single FamilyEmerald Knoll568 Sandhill Circle$699,000 $675,000 97%
Single FamilyAspen Meadows Subdivision1750 Fish Creek Falls Road$835,000 $835,000 100%
Single FamilyWillett Heights Subdivision315 Blue Sage Circle$939,000 $910,000 97%
1/2 DuplexSki Ranches Subdivision3010 Laurel Lane$930,000 $920,000 99%
1/2 DuplexSki Ranches Subdivision3012 Laurel Lane$930,000 $931,000 100%
Single FamilyHunters Ridge1814 Hunters Court$995,000 $935,000 94%
Single FamilyDeerwood Ranches31485 Deerwood Ranch Road$1,175,000 $1,144,000 97%
Single FamilySpring Green Subdivision30860 Elk Lane$1,239,000 $1,170,000 94%
Single FamilyLynx Basin Estate23115 Lynx Basin Lane$1,439,000 $1,395,000 97%
1/2 DuplexSteamboat Barn Village880 Angles View Way$1,435,000 $1,425,000 99%
Single FamilyRendevous Trails Subdivision2650 Ridge Road$1,495,000 $1,485,000 99%
Single FamilyGraystone on The Green1224 Clubhouse Circle$1,495,000 $1,708,860 114%
Single FamilyTrails Edge Subdivision2895 Trails Edge$1,999,000 $1,950,000 98%
Single FamilyGraystone on The Green1259 Clubhouse Circle$2,100,000 $2,020,000 96%
$25,234,399 $24,815,860 98%

Should you Buy a home in January or February or Wait until Spring?

Steamboat Springs Winter Carnival

Steamboat Springs Winter Carnival

Most buyers have zero interest in buying a home in the middle of a Steamboat Springs winter, especially if it means moving all your stuff in the middle of a snowstorm.  But research says it’s better to buy now.  According to Nerdwallet and, January and February are the best months to buy because sales drop 47% and prices are, on average, 8.45% less than prices in July and August. 

Even here in Steamboat, where seasonal ski properties are a huge part of our market, more people come to look in the winter but don’t actually buy until later in the year.  Buyers often think they’ll wait until ski season is over to get a better price, although in a rising market, most sellers coming on the market are pricing their properties higher than the last one that sold.  The combination of low inventory and interested buyers mean sellers are often getting close to their price.

You also have a better chance at negotiating when you aren’t in competition with other buyers.  Once a seller has their choice of multiple offers, the “winning” buyer often pays more.

Another reason it makes sense to buy January and February of 2017 is because interest rates are expected to increase.  You can get ahead of rate hikes by locking in rates now.  If you are part of the 50% of buyers who pay cash for a home here in Steamboat, this doesn’t apply.

If you are ready to start your home search, contact us here.