Archive for steamboat springs 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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Steamboat’s 2017 South Valley Home Sales

Sidney Peak Ranch entry

The area south of Steamboat Springs is one of the most desirable locations in Routt County, and prices reflect that. Homes in Sidney Peak, Agate Creek, Big Valley Ranch, and other developments regularly sell above $2M.  Custom homes on large land parcels often command more.  Scroll down to see the 2017 home sales in the South Valley, or contact us to learn more about buying or selling real estate in Steamboat.

Address Steamboat Area Development Asking Price Sold Price  
26600 Henderson Park Road Henderson-Parke $795,000  $700,000  3/3/2017
31025 Sweetwater Dr. Agate Crk Preserve $2,395,000  $2,300,000  5/25/2017
28105 Big Valley Dr Big Valley Ranch $2,395,000  $2,225,000  4/13/2017
31485 Deerwood Ranch Road Deerwood Ranches $1,175,000  $1,144,000  3/10/2017
33100 County Road 41 Other $795,000  $785,000  4/21/2017
29150 Buffalo Trail Sidney Peak Ranch $2,695,000  $2,310,000  5/19/2017
30860 Elk Lane Spring Green Subdivision $1,239,000  $1,170,000  3/30/2017
31740 County Road 35 Steamboat Hills Subd $549,000  $520,000  6/9/2017
30845 RCR 35 Whitecotton Subdivision $849,000  $834,000  6/19/2017
33855 Pine Drop Dr. Wildflower Meadows $11,250,000  $9,000,000  1/31/2017

Steamboat Springs Real Estate 2010-2017

2017 Steamboat Springs real estate dollar volume is eclipsing dollar volume of past years, especially since it was announcemed that Aspen will acquire Steamboat later this year.  As we head into the second half of the year which has traditionally been the busiest time for real estate sales, we will see higher dollar volume or higher prices (both?) due to low inventory.

As a buyer, it’s hard not to get caught up in the emotion when you see the right property.  Trust us to help you navigate the current market with excellent negotiation skills and a calm demeanor by calling 970-819-6372.  

Steamboat Springs Real Estate Dollar Volume 2010-2017

City of Steamboat 2017 Home Sales

Graystone on the Green home in Steamboat Springs

Forty-nine homes sold in the City of Steamboat (downtown, mountain and Fish Creek areas) to date in 2017 for a median price of $910,000.  Interestingly, the median list price for homes currently listed for sale in the same neighborhoods is $1,299,500.  Only 22 homes are for sale under $1,000,000.  Prices are rising due to low inventory and strong demand.

Here is a list of sales in 2017, or you can search for available homes for sale in Steamboat Springs here.

Area Address Steamboat Development Asking Price Sold Price Closing Date
1-DOWNTOWN AREA 333 Short St. #A 1St Add To Ss $529,500  $486,000  3/3/2017
1-DOWNTOWN AREA 425 8th Street 1St Add To Ss $849,000  $815,000  6/16/2017
1-DOWNTOWN AREA 1094 Uncochief Campbell Subdivision $1,210,000  $1,100,000  5/15/2017
1-DOWNTOWN AREA 1088 Uncochief Circle Campbell Subdivision $1,249,000  $1,215,000  5/5/2017
1-DOWNTOWN AREA 140 Park Ave CrawfrdAddtoSS $875,000  $860,000  6/22/2017
1-DOWNTOWN AREA 37 Park Avenue CrawfrdAddtoSS $1,550,000  $1,429,500  6/1/2017
1-DOWNTOWN AREA 16 Woods Dr Deerfoot Height $575,000  $580,000  6/15/2017
1-DOWNTOWN AREA 583 Gilpin Street Fairview Add Ss $575,000  $570,000  4/13/2017
1-DOWNTOWN AREA 1167 Gilpin Court Fairview Add Ss $835,000  $825,000  4/28/2017
1-DOWNTOWN AREA 1082 The Boulevard North Highlands $817,500  $785,000  6/16/2017
1-DOWNTOWN AREA 853 North Park Road Other $698,000  $670,000  2/9/2017
1-DOWNTOWN AREA 1184 & 1186 Saratoga Ave. Other $762,000  $750,000  5/31/2017
1-DOWNTOWN AREA 837 Douglas Street Yahmonite Add SS $579,000  $555,000  1/13/2017
2-FISH CREEK AREA 641 Creel Lane Anglers Retreat $1,530,000  $1,530,000  5/10/2017
2-FISH CREEK AREA 145 Huckleberry Lane Aspen Heights Subdivision $569,000  $559,000  3/24/2017
2-FISH CREEK AREA 1750 Fish Creek Falls Road Aspen Meadows Subdivision $835,000  $835,000  3/27/2017
2-FISH CREEK AREA 568 Sandhill Circle Emerald Knoll $699,000  $675,000  3/28/2017
2-FISH CREEK AREA 1840 Alexandre Way Fish Creek Hill $1,195,000  $1,195,000  5/25/2017
2-FISH CREEK AREA 1372 Anglers Dr Fish Creek Meadows $1,275,000  $1,275,000  5/19/2017
2-FISH CREEK AREA 315 Blackberry Lane Fox Hollow Subdivision $1,140,000  $1,100,000  4/21/2017
2-FISH CREEK AREA 747 Anglers Pond Hinsdale Subdivision $2,850,000  $2,450,000  5/15/2017
2-FISH CREEK AREA 370 Kelhi Ct Margarite Ridge $845,000  $818,000  4/27/2017
2-FISH CREEK AREA 415 Alpine Ct. Steamboat Point Subdivision $525,000  $525,000  6/7/2017
2-FISH CREEK AREA 585 Wyatt Drive Tamarack Point Subdivision $599,999  $560,000  2/8/2017
2-FISH CREEK AREA 554 Wyatt Way Tamarack Point Subdivision $635,000  $635,000  3/28/2017
2-FISH CREEK AREA 1180 Blue Sage Drive Willett Heights Subdivision $610,000  $641,000  6/7/2017
2-FISH CREEK AREA 350 Blue Sage Cir Willett Heights Subdivision $695,000  $681,000  5/25/2017
2-FISH CREEK AREA 690 Amethyst Drive Willett Heights Subdivision $695,000  $689,050  4/21/2017
2-FISH CREEK AREA 315 Blue Sage Circle Willett Heights Subdivision $939,000  $910,000  2/17/2017
3-MOUNTAIN AREA 2335 Clubhouse Dr Country Club Highlands $1,235,000  $1,217,000  1/31/2017
3-MOUNTAIN AREA 2050 Clubhouse Drive Country Club Highlands $1,290,000  $1,269,000  4/20/2017
3-MOUNTAIN AREA 855 Fox Lane Eagles View Subdivision $2,390,000  $2,100,000  5/24/2017
3-MOUNTAIN AREA 1313 Robert E Lee Lane Fairway Meadows Subdivision $1,100,000  $1,025,000  1/26/2017
3-MOUNTAIN AREA 1165 Redwoods Drive Fairway Place Subdivision $1,629,000  $1,525,000  6/16/2017
3-MOUNTAIN AREA 1224 Clubhouse Circle Graystone on The Green $1,495,000  $1,708,860  3/10/2017
3-MOUNTAIN AREA 1259 Clubhouse Circle Graystone on The Green $2,100,000  $2,020,000  3/14/2017
3-MOUNTAIN AREA 1814 Hunters Court Hunters Ridge $995,000  $935,000  2/22/2017
3-MOUNTAIN AREA 1225 Meadowood Court Meadowood Subdivision $865,000  $815,000  4/14/2017
3-MOUNTAIN AREA 2910 Burgess Creek Rd. Rendevous Trails Subdivision $1,225,000  $1,150,000  4/7/2017
3-MOUNTAIN AREA 2650 Ridge Road Rendevous Trails Subdivision $1,495,000  $1,485,000  3/10/2017
3-MOUNTAIN AREA 2820 Trails Edge Rendevous Trails Subdivision $1,797,000  $1,759,500  5/5/2017
3-MOUNTAIN AREA 858 Dougherty Road River Place Subdivision $439,000  $429,000  5/15/2017
3-MOUNTAIN AREA 810 Dougherty Rd. River Place Subdivision $579,000  $550,000  5/10/2017
3-MOUNTAIN AREA 2195 Val D’Isere Circle Ski Ranches Subdivision $1,295,000  $1,182,500  5/12/2017
3-MOUNTAIN AREA 2895 Trails Edge Trails Edge Subdivision $1,999,000  $1,950,000  2/16/2017
3-MOUNTAIN AREA 37190 William William Tree Haus $765,000  $715,000  6/20/2017
3-MOUNTAIN AREA 37045 William William Tree Haus $1,299,000  $1,255,000  4/4/2017
3-MOUNTAIN AREA 2645 Bronc Buster Loop Wildhorse Meadows – The Range $1,499,000  $1,420,000  1/31/2017
3-MOUNTAIN AREA 2624 Bronc Buster Loop Wildhorse Meadows – The Range $2,400,000  $2,350,000  4/12/2017

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%

New Elkhead Lift Photos

The crews at the Steamboat Ski Area are hard at work installing a new high-speed quad at Elkhead to replace an old, slow, fixed grip lift.   You can see the photos below from a recent hike up to Storm Peak and down across the Sunshine (Wally World) area to see the incredible fall foliage. The new lift will take less than half the time (2.5 minutes) to reach the top.  Click on the photos below for a full size version.

View of new high-speed Elkhead Lift at the Steamboat Ski Area

View of new high-speed Elkhead Lift at the Steamboat Ski Area

Aspen Leaf on Mt Werner

Aspen Leaf on Mt Werner

Steamboat Ski Area Gondola Building

Steamboat Ski Area Gondola Building

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.

Steamboat Real Estate Sales July 2015

Fish Creek Meadows

Fish Creek Meadows

Almost $25,000,000 in single family home sales volume traded in Steamboat Springs and surrounding areas in July. The average sale closed within 5% of the asking price.  Single family homes are one of the tightest market segments right now, so if you are looking for a Steamboat home, call us at 970-819-6372 and we will keep you updated on listings as they come on the market.

Here is a link to all Steamboat Springs homes for sale.

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