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Archive for Uncategorized – Page 3
2016 Q1 results are in thanks to Land Title, and it’s no surprise that prices are up. Here are general trends comparing the 1st quarter of 2016 to the 1st quarter of 2015 in Routt County:
* Average Residential Price up 28.43%
* Gross Sales Volume up 10.61%
* Real Estate Transactions down 1.65%
* Buyer Profile: 54.42% local, 9.29% Front Range, 36.28% Out-of-State
In March thru May 2016 there were 38 Single Family home sales in Steamboat Springs with the most expensive being a $2.3 million home sold at Burgess Pines. This was one of six properties that sold for over $1 million in that time frame.
The average price for single family homes was $801,000 according to the Steamboat MLS.
See the homes that sold below, and call us at 970-819-6372 with your questions:
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When buyers read headlines like “Median Prices Down 53%!” and “Median Prices Down 62%!” you would think sellers were practically giving their homes away here in Steamboat Springs. Nothing could be further from the truth. Many buyers (with good reason, in many cases) are looking for homes and condos with a mindset left over from the dark days of 2009-2011, and month-to-month stats like the ones below tend to reinforce that thinking.
If you take a look at the month-to-month median prices for Steamboat area single family homes and condos, you’ll find swings of several hundred thousand dollars. Condo prices tend to be a little more reliable because there are more sales, and more data points, to generate better stats.
So what’s really going on? This year has been the year of the entry level buyer. Currently, rental inventory is as limited as our housing inventory. We’re seeing more first time buyers and buyers in less costly areas like Hayden and Oak Creek who are finding it’s cheaper to buy than rent. So those numbers are affecting our median prices even though they have little to do with the Steamboat Springs real estate market.
In the City of Steamboat Springs, it’s a different real estate story. There are currently 81 homes for sale. Only three of them are priced <$500,000 and 51 of them are priced over $1,000,000. We are seriously lacking in home inventory priced between $500,000-$900,000. Half the homes currently listed between $500,000-$650,000 have less than 1000 sf and have two or fewer bedrooms. They are basically tear downs.
Buyers have a few options. They are choosing to build, waiting for new listings to come on the market, or they are upping their budget. If you are thinking about buying, please call us at 970-819-6372 to talk about your options and sign up for notifications of new homes on the market.
Buyers looking to purchase a Steamboat home have fewer properties to choose from now that single family home inventory is down almost 10% from a month ago. But if you are fortunate to find a home you like, this is one of the best times of year to make an offer. Pending home sales increased by 46.2% in November and median prices are up to $550,000 for single family homes. Remember, the $550,000 median includes the entire Routt County area and a few outlier sales (at either end of the spectrum) can affect median prices in Steamboat Springs. Steamboat prices are almost always higher than homes located in Stagecoach, North Routt, and west of Steamboat.
If you look at the pending sales information below, you’ll see that December-February are good months to purchase properties because there isn’t as much competition from other buyers. Two to three times as many buyers go under contract from March-November, so sellers may be more motivated if presented with an offer between December-February. When sellers have more showings and more activity, they are less likely to negotiate because the next buyer might be ready to write a higher offer.
If you are looking in the winter, remember that Steamboat gets a lot of snow. Buyers may want to wait to see what lies beneath the snow when purchasing single family homes but it’s never to early to start looking and line up financing. See all the homes and condos currently for sale here, or call 970-819-6372 with your questions.
November single family home sales in Steamboat had mixed results. There were 22 single family sales in and around Steamboat this November, compared to 32 in 2014. While these aren’t great numbers if we only look at November, year to date sales are still above last year’s numbers. What is encouraging is the pricing. In November 2014, the average sales price of a single family home in the Steamboat are was $506,532 and this year it was $632,181. This represents a 25% increase over last year.
To see which single family homes sold in November look at the chart below.
| MLS # | Address | Area | Sold Price | Ask Price | % of Asking |
| 140580 | 57430 Golden Tide Place | NORTH ROUTT | $280,000 | $299,000 | 94% |
| 141555 | 33115 Filly Trail | STAGECOACH | $360,000 | $369,000 | 98% |
| 141925 | 40520 Anchor Way | WEST STEAMBOAT | $387,500 | $399,000 | 97% |
| 140295 | 57565 County Road 62 | NORTH ROUTT | $403,000 | $449,000 | 90% |
| 139970 | 58035 Jupiter Place | NORTH ROUTT | $425,000 | $439,000 | 97% |
| 141374 | 29760 Riffle Run | STAGECOACH | $480,000 | $495,000 | 97% |
| 140989 | 26355 Hidden Mesa Dr | SOUTH ROUTT | $499,000 | $549,900 | 91% |
| 141781 | 59122 Wiley Way | NORTH ROUTT | $525,000 | $550,000 | 95% |
| 140637 | 28050 Yellow Jacket | SOUTH VALLEY | $540,000 | $565,000 | 96% |
| 141683 | 21420 Whitewood Dr. W | SOUTH VALLEY | $550,000 | $585,000 | 94% |
| 140384 | 40835 Purple Sage St. | WEST STEAMBOAT | $640,000 | $645,000 | 99% |
| 139811 | 27445 Gold Queen Place | NORTH ROUTT | $789,000 | $824,900 | 96% |
| 138529 | 29975 Homestead Lane | SOUTH VALLEY | $825,000 | $895,000 | 92% |
| 140775 | 2615 Windward Way | MOUNTAIN AREA | $846,000 | $849,900 | 100% |
| 141047 | 3105 Laurel Lane | MOUNTAIN AREA | $1,335,000 | $1,400,000 | 95% |
| 141746 | 44500 Diamondback Way | ELK RIVER AREA | $1,575,000 | $1,695,000 | 95% |
| 141435 | 2890 Burgess Pines Trail | MOUNTAIN AREA | $2,548,000 | $2,850,000 | 89% |
If you’re interested in buying a property in Steamboat, or have a home you’d like to sell, please contact us at 970-819-5063.
October was another month of amazing growth in single family home sales in Steamboat. This year, 38 single family homes have sold, compared to October of 2014 when 30 homes sold. What tops these already encouraging numbers is the Dollar volume which increased 108% in October of 2015 compared to last year. This year’s sales volume was $37.6M and last year the total was $17.06M.
Most gains were in the high end properties, with 9 properties sold over $1M, with one property in North Routt sold for $7,000,000. In comparison, last year only 4 properties over $1M had sold, with none over $2M. The average sales price has also increased dramatically. Last year, the average sales price of a single family home in Steamboat was $586,913 and this year it was $965,046. Even if we take out the $7M sale which skews the average, this year’s single family average sales price was $801,935 which is 37% higher than last year.
To see the single family homes in Steamboat that sold in October look at the table below:
| Address | Develop | Sold Price | Ask Price | % of Asking |
| 126 E Williams St | Org Town of Oak Creek | $103,000 | $100,000 | 103% |
| 20845 Filly Trail | Stagecoach | $135,000 | $149,900 | 90% |
| 380 E Washington Avenue | Walkers Add Hayden | $160,750 | $175,000 | 92% |
| 143 N 4th Street | West Add Hayden | $170,000 | $175,000 | 97% |
| 705 Lillian Lane | Other | $262,500 | $289,000 | 91% |
| 415 S Sharp | Oak Creek | $265,000 | $267,000 | 99% |
| 23550 Sagebrush Circle | Red Hawk Vlg At Stagecoach | $300,000 | $318,000 | 94% |
| 12120 Yoast Trail | Other | $312,000 | $320,000 | 98% |
| 858 County Road 29 | Other | $326,000 | $342,000 | 95% |
| 30015 Bannock Trl | Meadow Green Stagecoach | $373,000 | $385,000 | 97% |
| 30575 CR 14B | Blacktail Mountain Estates | $385,000 | $385,000 | 100% |
| 37795 County Road 179 | Saddle Mountain Ranch | $400,000 | $410,000 | 98% |
| 3381 Apres Ski Way | Mount Werner Meadows | $429,000 | $449,500 | 95% |
| 2842 Riverside Drive | Riverside Subd | $480,000 | $499,000 | 96% |
| 1975 Fish Creek Falls Rd | Other | $490,000 | $559,000 | 88% |
| 26805 County Road 33A | Harmony Ranch | $550,000 | $599,999 | 92% |
| 27361 Brandon Circle | Heritage Park | $595,000 | $599,000 | 99% |
| 810 W Hillside Court | Hillside Subdivision | $635,000 | $629,000 | 101% |
| 27486 Brandon Circle | Heritage Park | $675,000 | $675,000 | 100% |
| 1255 Meadowood Court | Meadowood Subdivision | $685,000 | $699,000 | 98% |
| 1585 Red Hawk Court | Hunters Glen | $690,000 | $710,000 | 97% |
| 2275 Clubhouse Drive | Country Club Highlands | $711,000 | $749,000 | 95% |
| 1050 Uncochief Circle | Campbell Subdivision | $730,000 | $775,000 | 94% |
| 325 Steamboat Boulevard | Mountain View | $785,000 | $799,000 | 98% |
| 28652 Blacktail Meadows Dr. | Blacktail Mountain Estates | $812,500 | $799,000 | 102% |
| 840 Twilight Ln | Steamboat Barn Village | $830,000 | $889,000 | 93% |
| 1676 Cornice Court | Fairway Meadows Subd | $840,000 | $850,000 | 99% |
| 50655 Buck Mountain Lane | Metes & Bounds | $865,000 | $925,000 | 94% |
| 2050 Clubhouse Drive | Country Club Highlands | $947,000 | $989,000 | 96% |
| 880 Douglas Street | Yahmonite Add SS | $1,032,500 | $1,165,000 | 89% |
| 41300 Juniper Springs Ct. | Game Trails Subdivision | $1,100,000 | $1,295,000 | 85% |
| 2010 Bear Drive | Running Bear | $1,250,000 | $1,395,000 | 90% |
| 3407 Apres Ski Way | Running Bear | $1,350,000 | $1,395,000 | 97% |
| 31100 Countryside Road | Dakota Ridge Subdivision | $1,725,000 | $2,595,000 | 66% |
| 1005 Crawford Avenue | CrawfrdAddtoSS | $1,735,000 | $1,800,000 | 96% |
| 32750 County Road 14 | Metes & Bounds | $1,837,500 | $1,997,500 | 92% |
| 31765 Soda Creek Rim Road | Strawberry Park | $4,700,000 | $4,995,000 | 94% |
| 31055 County Road 64 | Other | $7,000,000 | $7,900,000 | 89% |
While most part time residents of Steamboat are looking for something close to the Steamboat Ski Area when buying a Steamboat property, many locals call the area West of Steamboat Springs home. Away from the crowds of town, but close enough to drive to school or work, the main neighborhoods in the West include Silver Spur, Heritage Park, Steamboat II, West End Village, and Riverside. They also offer lower price points that more can afford which has been the driving force in our market since the start of 2015.
We’ve had a phenomenal summer in single family homes market on the west side of Steamboat. Since June 1st, there were 20 sales. Single family homes in Steamboat II led the way with 9 sales and average price of $442K, followed by 6 in Silver Spur at $588K average price, and Heritage park had 4 sales at an average sold price of $527K.
Currently there are 6 other single family homes under contract on the west side of Steamboat: 3 at Heritage Park, 2 in Silver Spur and 1 in Riverside. With only 4 properties left on the market, the West of Steamboat real estate inventory is very low pointing to an opportunity for homeowners who are on the fence about selling their home.
See all the homes and available for sale West of Steamboat here, or scroll down to see the summer of 2015 sales.
| Develop | Address | Status | Price | Ask Price | % Sold |
| Heritage Park | 40187 Lindsay Dr. | SOLD | $577,500 | $595,000 | 97% |
| Heritage Park | 27494 Brandon Circle | SOLD | $607,000 | $625,000 | 97% |
| Other | 2915 Riverside Drive | SOLD | $550,000 | $549,000 | 100% |
| Silver Spur | 27629 Winchester Tr. | SOLD | $455,000 | $455,000 | 100% |
| Silver Spur | 27373 Winchster Ct | SOLD | $700,400 | $710,000 | 99% |
| Silver Spur | 27624 Winchester Tr. | SOLD | $720,000 | $775,000 | 93% |
| Silver Spur | 27911 Silver Spur St. | SOLD | $589,000 | $599,000 | 98% |
| Silver Spur | 27690 Silver Spur St. | SOLD | $590,000 | $615,000 | 96% |
| Silver Spur | 27653 Silver Spur St. | SOLD | $475,000 | $489,900 | 97% |
| Steamboat II | 40510 Anchor Way | SOLD | $484,000 | $489,000 | 99% |
| Steamboat II | 40530 Anchor Way | SOLD | $485,000 | $499,000 | 97% |
| Steamboat II | 40545 Anchor Way | SOLD | $419,000 | $419,000 | 100% |
| Steamboat II | 40505 Anchor Way | SOLD | $442,000 | $439,000 | 101% |
| Steamboat II | 40495 Anchor Way | SOLD | $445,000 | $489,000 | 91% |
| Steamboat II | 40425 Haven Place | SOLD | $351,500 | $375,000 | 94% |
| Steamboat II | 40541 Steamboat Drive | SOLD | $367,000 | $379,000 | 97% |
| Steamboat II | 40540 Anchor Way | SOLD | $385,000 | $398,000 | 97% |
| Steamboat II | 40480 Anchor Way | SOLD | $605,000 | $597,000 | 101% |
| Vista Ranch | 27650 County Road 42 | SOLD | $815,000 | $849,000 | 96% |
| West End Village | 2388 Penny Ln #2B | SOLD | $410,000 | $424,500 | 97% |
| Heritage Park | 27361 Brandon Circle | PENDING | $599,000 | ||
| Heritage Park | 27450 Brandon Circle | PENDING | $675,000 | ||
| Heritage Park | 27486 Brandon Circle | PENDING | $675,000 | ||
| Riverside Subd | 2842 Riverside Drive | PENDING | $499,000 | ||
| Silver Spur | 27546 Silver Spur St | PENDING | $798,000 | ||
| Silver Spur | 40835 Purple Sage St. | PENDING | $645,000 |
Graystone on the Green (along with Barn Village) is one of the hottest new neighborhoods in Steamboat Springs. In 2015, there have been four lot sales and three homes that have sold or are currently in escrow. Considering there are only 17 lots in Graystone on the Green, that’s a lot of activity.
See the homes and homesites available for sale at Graystone on the Green here, or scroll down to see the recent sales information.
| Steamboat Springs Development | Address | Real Estate Type | Asking Price | Sold Price |
| Graystone on The Green | 1206 Clubhouse Circle | Vacant Homesite | $279,000 | $279,000 |
| Graystone on The Green | 1305 Clubhouse Circle | Vacant Homesite | $339,000 | $339,000 |
| Graystone on The Green | 1199 Clubhouse Circle | Vacant Homesite | $359,000 | $359,000 |
| Graystone on The Green | TBD Clubhouse Drive | Vacant Homesite | $369,000 | $369,000 |
| Graystone on The Green | 1254 Clubhouse Circle | Single Family | $1,295,000 | Pending |
| Graystone on The Green | 1187 Clubhouse Cir | Single Family | $1,765,000 | $1,750,000 |
| Graystone on The Green | 1305 Clubhouse Cir | Single Family | $1,950,000 | Pending |
Barn Village homes in Steamboat Springs (click to enlarge)
Barn Village is one of the most popular new developments in Steamboat Springs in 2015. (The other one is Graystone on the Green.) Nine homesites have sold with an average price of $392,000, two homes have sold for prices over $1,000,000, and one home is pending.
See all the homes and homesites available for sale at Barn Village here, or scroll down to see the sales to date in 2015.
| Steamboat Springs Development | Address | Real Estate Type | Asking Price | Sold Price |
| Steamboat Barn Village | 915 Twilight Lane | Vacant Homesite | $194,995 | $194,995 |
| Steamboat Barn Village | 760 Twilight Lane | Vacant Homesite | $239,995 | $239,995 |
| Steamboat Barn Village | 925 Angel’s View Way | Vacant Homesite | $244,995 | $244,995 |
| Steamboat Barn Village | 1055 Angels View Way | Vacant Homesite | $334,995 | $334,995 |
| Steamboat Barn Village | 840 Angels View Way | Vacant Homesite | $465,995 | $465,995 |
| Steamboat Barn Village | 750 Angels View Way | Vacant Homesite | $474,995 | $474,995 |
| Steamboat Barn Village | 1465 Secluded Ct. | Vacant Homesite | $505,995 | $495,995 |
| Steamboat Barn Village | 1380 SECLUDED CT | Vacant Homesite | $545,995 | $525,000 |
| Steamboat Barn Village | 1375 Secluded Ct. | Vacant Homesite | $549,995 | $555,000 |
| Steamboat Barn Village | 840 Twilight Ln | Single Family | $889,000 | Pending |
| Steamboat Barn Village | 860 Twlight Lane | Single Family | $1,100,000 | $1,100,000 |
| Steamboat Barn Village | 720 Angels View Way | Townhouse | $1,199,000 | $1,115,000 |
Steamboat Barn
In August of 2015, Steamboat Real Estate had enjoyed a 15% increase in dollar volume compared to August of 2014. This is great news for the Steamboat Springs market. While the number of transactions wasn’t too different: 88 in 2015 versus 84 in 2015 (a 4.7% difference) the average sales price is what drove the big increase in volume in Steamboat home sales. Average sales price for August of this year was $513,000, and in 2014 it was $465,000.
The biggest driver in the increase were Steamboat single family homes. Compared to August of last year, the volume for single family homes in Steamboat Springs has increased over 51%. In August of 2014, the total volume for single family homes was $16,233,750 and this past August, it was $24,557,976. Within the single family segment, the biggest drivers were homes over $750,000 with 9 sales, one of which was a property at Catamount near Steamboat that sold for $4,600,000.
| Property Type | Year | # of sales | Average Price |
| Steamboat Single Family | 2015 | 35 | $701,656.46 |
| 2014 | 29 | $559,784.48 | |
| Steamboat Townhomes | 2015 | 20 | $461,515 |
| 2014 | 21 | $516,283.81 | |
| Steamboat Condos | 2015 | 28 | $376,444.64 |
| 2014 | 23 | $432,247.83 | |
| Steamboat Fractional | 2015 | 5 | $162,600.00 |
| 2014 | 8 | $83,612.50 |
For more information about the best real estate opportunities in Steamboat Springs, give us a call at 970-819-5063.