Archive for steamboat homes for sale

Steamboat Springs Real Estate Sales 2018

Steamboat springs luxury kitchen

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:
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Steamboat Single Family Home Sales Thru April

View of Tree Haus in Steamboat Springs

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:

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New Listing on Kelhi Ct in Steamboat

New Listing at 375 Kelhi Court, Steamboat Springs, CO 80487.  This single family home features 4 bd/4.5 baths and is over 4000 sq ft of living area in a great neighborhood close to downtown and the mountain.  Call Kelly at 970-846-2300 to schedule a showing, because this one won’t be around long at $899,000.

Property Photo

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Vacant and easy to show, with new interior paint, this terrific home is an open slate that awaits your fresh ideas. Outstanding VALUE, priced WELL below replacement cost, with over 4, 000 sq ft, located on a quiet cul de sac street with unobstructed views of Howelsen Hill, Sleeping Giant and the ski area. Open floor plan with a vaulted great room, main level master suite and spacious outdoor living areas allowing you to access and enjoy the big views that surround the home. With four large bedrooms, 4.5 bathrooms and over 4, 000 square feet, there is plenty of room for family, guests and abundant storage. The lower level suite with kitchenette, private entrance and outdoor space can be used as a bedroom suite, large rec/family room, or as an apartment for guests, a nanny, or to generate rental income. Kids and pets will love the large irrigated lawn, fenced back yard and quiet cul de sac. Kelhi Court offers a convenient location with easy access to downtown and the mountain, steps from the free bus route, and a short walk to trails leading to Downtown, Spring Creek and schools. 

  • Property Type: Single Family Home
  • Sub Type: Single Family
  • Listing Status: Active
  • Listing Price: $899,000
  • County/Area: Routt County
  • Zip Code: 80487
  • Year Built: 1995
  • Subdivision/Neighborhood: Margarite Ridge
  • Sq.Ft.: 4,072 sq ft
  • Stories: 3
  • Bedrooms: 4
  • Baths (full): 4
  • Baths (partial): 1
  • Basement: Walk Out, Partial Finished, Yes
  • Garage: Garage Attached, 2-Car
  • Fireplace: One, In Living Room
  • Acres: 0.32 acre lot
  • View: Steamboat Ski Area, Panoramic
  • Area: 2-Fish Creek Area
  • Appliances: Dishwasher, Garbage Disposal, Refrigerator, Microwave, Washer, Dryer
  • Construction Type: Frame
  • Exterior: Wood Siding, Stone Veneer
  • Exterior Amenities: Paved Driveway
  • Finished Square Footage: 3658
  • Foundation: Poured Concrete
  • Gas: Natural Gas
  • HOA Per: Not Applicable
  • Heating/Ventilation: Natural Gas, Radiant
  • Interior Amenities: New Paint, Wood Floors, Wet Bar, Ceiling Fan (s), Vaulted Ceiling (s), Smoke Detector, Garage Door Open
  • Landscaping: Sprinkler System, Fence-Wood, Trees
  • Laundry: Main Level, Room
  • List Price Per Fin Sq Ft: 245.76
  • Lot Description: Cul-de-Sac, View, Level
  • Orientation: North, West
  • Pets: Yes
  • Porch/Patio: Deck Open, Deck Covered
  • Real Property Tax Year: 2016
  • Remodeled: 2014
  • Roads/Access: Public
  • Roof: Shingle
  • School: Strawberry Park
  • Sewer: Municipal Sewer
  • Sq Ft Source: Assessor
  • Unfinished Square Footage: 414
  • Water Heater: Gas
  • Water Supply: Municipal Water
  • Window Treatment: All
  • Windows/Lighting: EE – Double Pane

Single Family Home Sales in Steamboat March-May 2016

Single Family

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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Median Sales Price Just Doesn’t Matter

steamboat real estate median sales priceWhen 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.

Inventory Graph

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.

15% Increase in Steamboat Real Estate Volume in August


Steamboat Barn

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.


19 Properties Over $1 Million Under Contract since August 1st

Steamboat Luxury Homes19 properties priced over $1 Million went under contract since the beginning of August. This is great news for Steamboat luxury real estate market. Through today, there have been 41 sales in this market segment, which points to this segment getting hotter. Until August many of the sales were driven by the sales at One Steamboat Place. There were 12 sales at OSP in all of 2015, which accounted for almost 30% of all sales. This August, none of the properties under contract were at One Steamboat Place. The properties under contract are mostly single family homes (12) and townhomes (3) and a 3 ranch properties.

Please look below to see what went under contract since August 1st:

Address Contract Date Type Price Sq Ft BR Baths
1005 Crawford Avenue 8/15/2015 Single Family $1,800,000 4721 Five Four
1530 Natches Rd 8/8/2015 Single Family $1,985,000 4052 Four Three
1109 Redwoods Drive 9/1/2015 Townhouse $1,389,000 3720 Four + Four
41300 Juniper Springs Ct. 8/17/2015 Single Family $1,295,000 5252 Five Five +
1305 Clubhouse Cir 8/14/2015 Single Family $1,950,000 3900 Four + Three
1254 Clubhouse Circle 8/9/2015 Single Family $1,295,000 3124 Three + Three
27575 Routt County Rd 7C 8/28/2015 Farm/Ranch $2,400,000 3504 Four Two
33825 Routt County Rd 14 8/11/2015 Farm/Ranch $2,300,000 1578 Three One
37669 State Highway 64 8/21/2015 Farm/Ranch $9,500,000 2652 Four One
31055 County Rd 64 9/1/2015 Single Family $7,900,000 17156 Seven Five +
2010 Bear Drive 8/12/2015 Single Family $1,395,000 4668 Four + Three
3200 Aspen Wood Lane 8/18/2015 Single Family $1,249,000 4443 Four Four
3105 Laurel Lane 8/17/2015 Single Family $1,400,000 3917 Five Four
2460 Ski Trail Lane 8/14/2015 Townhouse $1,200,000 3375 Four Four
2462 Ski Trail Lane 8/14/2015 Townhouse $1,300,000 2947 Five Four
2462 Ski Trail Lane 8/14/2015 Multi-Plex $2,500,000 6322 Nine Five +
850 Mauna Kea Drive 8/24/2015 Single Family $1,249,000 4404 Five Four
31765 Soda Creek Rim Rd 8/30/2015 Single Family $4,995,000 7089 Six Five +
850 Douglas Street 8/26/2015 Single Family $1,740,000 5826 Five + Five +

Click here for all properties currently available over $1 Million
.  If you’d like more information about the Steamboat market, please give us a call! 970-819-5063