Archive for steamboat real estate market

November Real Estate Update

running-bearMelissa at Land Title Guarantee just sent the real estate wrap up for November.  She says:

“November was a good month with 171 Transactions and $67M in Gross Volume.  Compared to last October, Gross Volume was down -29.20%, with the YTD. at +4.80%.  However, this is due to over $33M in upper end sales last October including a $23M ranch sale.  Transactions were up by +32.56%  compared to last October, with the YTD. at  +10.02%.”

Average Steamboat Springs Real Estate Sales Price:
Single Family +4%
Multi Family -1%
Vacant Land -51%

Median Steamboat Springs Real Estate Sales Price:
Single Family +16%
Multi Family +5%
Vacant Land -59%

Average Steamboat Springs Real Estate PPSF
Single Family +8%
Multi Family +2%
Vacant Land +7%

September Real Estate Sales Up 36.55%

Country Green Neighborhood

Country Green Neighborhood

September was certainly a treat with 176 Transactions and $80.5M in Gross Volume!  Compared to last September Gross Volume was up by +36.55%, with the YTD. at +12.99%. Transactions were also up by +32.33% compared to last September, with the YTD. at +7.22%

Average Sales Price:
Single Family +5%
Multi Family -2%
Vacant Land -48%

Median Sales Price:
Single Family +13%
Multi Family +4%
Vacant Land -59%

Average PPSF
Single Family +9%
Multi Family +2%
Vacant Land +7%

New Unit Sales were down with 6 in September, compared to 8 in August.  There was great upper end activity this month with 19 in September, compared to 11 in August.

This info provided by Land Title Guarantee, Steamboat Springs

Best August Real Estate Sales in Years

The following Steamboat real estate information is provided by Melissa Gibson of Land Title Guarantee.  Melissa writes,

“August was a great month for Steamboat Springs real estate sales with $68.4M in Gross Volume and 161 Transactions – one of the best August months we have seen in years.  Compared to last August, Gross Volume was up by +9.59%, with the YTD. at +9.36%.  Transactions were up 7.33% compared to last August and YTD up 3.53%.

Average Sales Price:
Single Family +1%
Multifamily -2%
Vacant Land -43%

Median Sales Price:
Single Family +13%
Multi Family +4%
Vacant Land -34%

Average PPSF
Single Family +10%
Multi Family +2%
Vacant Land +15%

There were two bank sales in August, up from 0 in July.

New Unit Sales were up slightly with 8 in August, compared to 7 in July.

Upper end unit sales were static with 12 in both August and July.”

SF Homes that Sold in Steamboat Springs this Summer

Single FamilyThis summer between June and August, 55 single family homes sold in Steamboat Springs.  Prices ranged from $265,000 for an entry 2 bedroom home in Milner to $3,300,000 for a home on Natches Way with a spectacular view of the ski area.  The average price of a Steamboat area home was $1,100,000 and the median price was $800,000.

Last year, 67 properties sold so the total number of sales is down, but the average price is significantly higher than last year’s average of $889,000 and median price of $628,000.

Only six homes sold for less than $500,000 and 21 sold for over $1M.   There aren’t many new spec homes for sale to fill the demand–only two new homes are for sale under $1,000,000.

Search all properties for sale here or call us at 970-819-6372.

Here are the properties that sold:

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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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Why Buyers Who Purchase Homes in the Winter May Get the Best Deals

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.

2015 November Single Family Home Sales

Single FamilyNovember 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.

2015 October Single Family Home Sales in Steamboat

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.
Fairway Meadows

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%

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