Edgemont ski-in, ski-out condos in Steamboat Springs has lowered prices and announced the second phase of four townhomes for the 2012 ski season.

Edgemont has 39 luxury residences--25 have sold and one is under contract.  The largest condos have sold although there are a nice selection of 2- and 3-bedroom condos still available.

See the remaining Edgemont condos for sale here.

Buyers looking for a 4-5 bedroom luxury residence can pre-purchase a new Edgemont Townhome.  The new Edgemont townhomes will have the same features and finishes you'll see in the condos.

Edgemont Townhomes Now on Sale

For investors, Edgemont has some of the best rental revenues for ski-in, ski-out properties.  Contact us for rental information.

Edgemont has long-term financing for qualified buyers, so you won't have any condo-tel financing hassles.

HOAs at Edgemont include everything but your electric and property taxes, and owners can have pets.

Call us at 970-819-6372 and see why Edgemont is Steamboat's best-selling luxury ski in, ski out condominiums!

Edgemont Pool

“Now is the time to buy Steamboat real estate.”

How many times have you heard a Realtor say that?  Everyone's situation is different, so you won't hear that blanket statement from me even though it is true that many Steamboat properties are priced at too-good-to-pass up prices and we’ve seen the bottom of the market in several neighborhoods.

According to Tobin’s Q, a theory James Tobin wrote in the late 1960’s,it really is time to buy.  James Tobin’s theory says:

 Market value of company / replacement value = Tobin’s Q

 So how does that relate to Steamboat real estate?  When the price of Steamboat real estate is below replacement cost, stop procrastinating and buy.  When real estate prices were rising, developers could build a property then resell it immediately for more than it cost to build. Everyone became a developer (or a Realtor) which lead to the building boom and bust in Steamboat Springs and across the nation.

Now the opposite is true.  It’s cheaper to buy a resale home or condo than to build it from scratch, which is why only 500,000 new homes are being built in the US annually, down from 1.6M-2 M during the last years of the housing bubble.

Here in Steamboat, 200 (+/-) building permits were issued each year between 2001 and 2006.  Last year, only 33 building permits were issued.  The market has turned so that buyers can purchase property for less than it would cost to build—and in some cases a whole lot less.

With time, buyers who purchased property now should see nice appreciation gains once the market comes back, and history shows a rebound is inevitable.

Search all the Steamboat properties for sale here, or call us at 970.819.6372 to talk about what place is right for you.

View from Storm Peak a few days ago.  Four Points hut is in the foreground and Steamboat Springs is in the distance.

Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.

Must see the views from this cozy log home to appreciate all it has to offer!  Call 970.819.6372 to schedule a showing, and be sure to visit Stagecoach-RealEstate.com for more Stagecoach CO information.

$288,000 - Single Family Home, 3 Beds, 3 Baths, 1 Partial Bath, 2500 Sqft.,
31370 Shoshone Way, Oak Creek, CO 80467
MLS No. 131434

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Listing Description

Incredible Views of Stagecoach Lake from every room! This 3 bedroom log home in South Shore is the perfect place to unwind and enjoy the scenery from the large covered deck. Three levels of living, with a bedroom on the main floor, a spacious master suite and second bedroom on the upper level, and a newly remodeled finished lower level rec room. Close to the marina and hiking/x-country ski trail to enjoy fishing, water sports, and the natural beauty of Stagecoach. This home has solar power, so utility bills are low.

Property Features

• Property Type: Single Family Home
• Listing Status: ACTIVE
• Listing Price: $288,000
• Zip Code: 80467
• Year Built: 2002
• Subdivision/Neighborhood: South Shore Subdivision
• Sq.Ft.: 2500
• Stories: Three
• Bedrooms: 3
• Baths (full): 3
• Baths (partial): 1
• Basement: Yes, Walk Out, Comp. Finished
• Garage: Garage Attached, 1-Car
• Fireplace: Wood Stove, In Living Room
• Acres: 0.45
• View: Panoramic, Lake
• Area: Stagecoach
• Appliances: Refrigerator, Gas Range/Oven, Microwave, Washer, Dryer

• Construction Type: Log
• Exterior: Log
• Finished Square Footage: 2500
• Furnishings: Furnished
• HOA Per: Yearly
• Laundry: Main Level, Room
• List Price Per Fin Sq Ft: 115.2
• Lot Description: View
• Porch/Patio: Covered Deck
• Roads/Access: Public
• Roof: Shingle
• School: South Routt Co
• Sewer: Vault
• Sq Ft Source: Assessor
• Sub-Type: Single Family
• Water Supply: Well Private
• Window Treatment: All

Fabulous price on this duplex lot on Blue Sage Drive in Steamboat Springs, Colorado. Incredible views.  Call 970.819.6372 to learn more.

$182,850 - Residential Lots & Land,
1331 Blue Sage Drive, Steamboat Springs, CO 80487
MLS No. 132278

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Listing Description

It's time to build when you can get these views and this location at a too-good-to-pass-up price. Sloping lot is perfect for walk-out. Don't miss out on this incredible value a Bank Owned Duplex Lot on Blue Sage Drive.

Property Features

• Property Type: Residential Lots & Land
• Special Conditions: REO/Bank Owned
• Listing Status: ACTIVE
• Listing Price: $182,850
• Zip Code: 80487
• Acres: 0.31
• View: Steamboat Ski Area, Mountain, Neighborhood
• Area: 2-Fish Creek Area
• Sub-Type: Residential/Acreage

• School: Strawberry Park
• HOA Per: Not Applicable
• Electric: To Lot Line
• Gas: To Lot Line
• Lot Description: View
• Sewer: Sewer Available
• Water Supply: Public Available
• Special Conditions Details: REO

Stagecoach single family home sales have been solid in 2011. This year, there have been 18 single family home sales in Stagecoach, with 12 being REO/Bank-Owned properties.  People looking to buy now will find single family home inventory is low (especially in the popular under $350,000 range), and there are NO bank-owned REO properties currently available for sale.   Since the economic downturn, 24 single family homes and 11 townhomes/condos have been foreclosed upon and sold in Stagecoach.

There will no doubt be more bank shadow inventory and other foreclosed properties coming on the market although I would be surprised if we see the volume of distressed properties like we saw in 2009-2011.

 The good news?  Prices can only increase after the distressed inventory is cleared out, and it’s looking like it could start to happen.  Here is a list of all the single family home sales in Stagecoach to date in 2011:

The number of Steamboat Springs homes, condominiums, and land parcels under contract is up 170% since summer.   If all the contracts close, it will represent $71,883,509 in Steamboat real estate sales.

So what are people buying?  Here are some “fast facts” about the types of properties under contract:

• 13 Steamboat area properties are located in downtown Steamboat
• 51 properties are in the Steamboat mountain area (mainly condos and townhomes)
• 9 are in Stagecoach (4 of the homes are listed over $400,000)
• 8 are in the South Valley
• 64 have list prices less than $350,000
• 17 are priced between $1,000,000 and $3,975,000  (4 of those are One Steamboat Place whole ownership condos)
• 50 are condos/townhomes
• 43 are single family homes
• 4 are fractional ownership properties–1 at the Grand, 3 at One Steamboat Place

Steamboat Real Estate Pending Sales

This beautifully furnished, professionally decorated 4 BR Elk Run townhome can be your place to call home in Steamboat. Never before on the market and never rented, this townhome is in perfect condition and move-in ready. Please call 970.819.6372 to schedule a showing, and visit SteamboatSkiCondos.com to learn about other properties for sale.

$649,000

4 Beds, 3 1/2 Baths,  2140 Sq ft.
2855 St. Moritz Way, Steamboat Springs, CO 80487
MLS No. 129999

Listing Description

Rarely on the market! Gather around the fireplace with family and friends in this professionally decorated townhome and create the special memories you can only have in Steamboat. With 4 bedrooms and 3.5 baths, there is plenty of room for everyone. Upgrades include antlers chandelier, wood beams in the kitchen and quality carpet and flooring. Elk Run is a intimate neighborhood of 12 townhomes off of Medicine Springs Dr. within walking distance to the ski area and on the free bus route. This townhome has never been rented.

Property Features

• Property Type: Condo/Townhouse
• Listing Status: ACTIVE
• Listing Price: $649,000
• Zip Code: 80487
• Year Built: 1998
• Subdivision/Neighborhood: Elk Run
• Sq.Ft.: 2140
• Stories: Three
• Bedrooms: 4
• Baths (full): 3
• Baths (partial): 1
• Garage: Garage Attached, 1-Car
• Fireplace: One, Gas Log
• Area: 3-Mountain Area
• Sub-Type: Townhouse
• School: Soda Creek
• Sq Ft Source: Assessor
• HOA Fee: 1746.00
• HOA Per: Quarterly
• Finished Square Footage: 2140

• List Price Per Fin Sq Ft: 303.27
• Exterior: Wood Siding
• Exterior Amenities: Paved Driveway
• Porch/Patio: Open Deck, Open Stoop
• Interior Amenities: Carpet, Window Coverings
• Appliances: Dishwasher, Garbage Disposal, Refrigerator, Gas Range/Oven, Washer, Dryer
• Heating/Ventilation: Forced Air
• Window Treatment: All
• Water Supply: Municipal Water
• Sewer: Municipal Sewer
• Gas: Natural Gas
• Laundry: Room
• Lot Description: Cul-de-Sac, Walk-to-Ski, On Bus Route
• Hoa Amenities: Outdoor Hot Tub
• Roof: Shingle
• Foundation: Poured Concrete
• Construction Type: Frame
• Furnishings: Furnished, Turn Key
• Pets: Owner Only, Yes

New Promenade at Steamboat Base Area

There is a new promenade being built that stretches from Torian Plum to One Steamboat Place in Steamboat Springs, CO.  It’s a year-round pedestrian walkway featuring snow-melt pavers in the winter and Burgess Creek highlighted in the summer.  The Promenade has already transformed the way the base area looks, and it isn’t set for completion until next summer.

Torian Plum and Torian Creekside Condos

Torian Plum and Torian Creekside— Torian Plum and Creekside have used the timing of the promenade construction zone to repair the roof over the Torian parking garage and transform the large grassy area into a plaza with pavers and better access to the ski slopes.  The $2 million improvement will be paid from capital reserves and a special assessment to the Torian Plum and Torian Creekside owners.

The Phoenix— The Phoenix was looking a bit dated even though it is only a short walk to the Steamboat Ski Area.  This summer, the Phoenix HOA completed a $3.9 million renovation that changed the Phoenix's tired 1980's exterior to a stylish, modern façade.  Owners at The Phoenix were assessed between $50,000-$90,000 based on the size of their condo.

The Ranch at Steamboat Condos

The Ranch at Steamboat—  The Ranch HOA took advantage of the slower economy to spruce up the development with a multi-year remodeling project.  The Ranch has replaced and renovated the decks and hot tub area and updated the grounds with new landscaping, exterior staining, and new signs and lights.  The Ranch has a pool, tennis, conference room and large 23 acre open space making it a unique Steamboat condo development.  The good news?  Ranch owners didn’t have a big bill for a special assessment as reserve accounts and a line of credit funded the project.