Steamboat Springs Real Estate and Community News Blog

Colorado Resorts Single Family Price Comparison

2008-08-14T19:16:23Z

Thinking about buying a home in a Colorado resort community? Here are the average prices for single family homes in some of the more popular ski areas including Steamboat Springs, Breckenridge, Vail, and Aspen. (Click to enlarge photo.)

Aspen, Colorado has the highest prices by far at $5,193,174. Yes, that is one house.

Eagle County is a large county that includes Vail, Beaver Creek, Edwards, and Eagle. The average price is $1,491,328. Homes in Vail Village are much higher, with prices in the $2,000-$3000 per square foot range.

Routt County has an average price of $922,581. It has the best ski mountain, Steamboat. (I'm biased.)

Summit County, on I-70, includes Frisco, Breckenridge, Copper, and Keystone. A single family home in Summit County averages $830,624.

Visit SteamboatHomeSales.com for more Steamboat Springs Real Estate Information.

Wanted: Stagecoach Colorado Buyers

2008-08-14T13:57:56Z

Stagecoach Colorado is a buyers market, where Buyers are the ones who can take there time and find what property they want for the price they want to pay. A buyers market differs from a sellers market where there is so little real estate available the seller can pretty much name their price–and get it.

So where are the buyers? After years of appreciation, Stagecoach is experiencing a slow year. In fact, there are over 200 lots available right now in Stagecoach. That’s about one out of every ten lots for sale.

Since May 1, a traditionally active time in Stagecoach, only nine properties have sold. Five lots, three townhomes, and one single family home.

Only one other property is currently under contract. (A Morningside lot).

What does this mean to buyers and sellers?

If you don’t need to sell your property, don’t list it. There is a multi-year supply of lots that won’t be absorbed by buyers this year. Unless you have a great lot with an equally stellar price, you are one of many. Wait until supply and demand come back in line and sell it then.

If you are looking to buy, however, it doesn’t get much better than this for timing. You have so many choices right now and room to negotiate. The market will rebound, and as Steamboat prices rise, Stagecoach prices will follow.

Buyers looking for a single family home can buy a brand-new place under $400,000. In fact, there are 10 single family homes in Stagecoach currently available for under $400,000. Know what that gets you in Steamboat? Not much.

Stagecoach also offers the lowest priced land available in Routt County. The lowest priced listing is currently $22,900 in South Station I. These lower priced lots without roads up to grade are definitely speculative, but have you seen the stock market lately? Oil futures? Stagecoach offers real property….something they aren’t making any more of, last time I checked.

Steamboat Springs Market Report: August 4-August 11, 2008

2008-08-12T10:59:44Z

Steamboat Springs Real Estate Summary Report

Call Eliese at 970.819.6372 or Jon at 970.819.6930 for more information on the Steamboat real estate market.

Week of August 4-August 11, 2008

Steamboat Springs RESIDENTIAL Real Estate- Solds

Steamboat Real Estate Multi-Class Summary Statistics
	High	Low	Average	Median
List Price:	$5,430,000	$135,000	$1,197,886	$650,000
Sold Price:	$4,975,000	$125,000	$1,401,200	$625,000

Development:	ADDRESS	Days On Market	List Price	Sold Price
Steamboat Mountain Condos Inn At Steamboat	Columbine Drive #305	199	$176,900	$176,900
Hayden, Colorado West Wind Townhomes	HARVEST	32	$184,900	$188,900
Steamboat Springs Condo Mountain Vista Townhome	Mountain Vista Circle	33	$445,000	$440,000
Steamboat Single Family Home Campbell Subdivision	Uncochief	101	$1,190,000	$1,100,000
Steamboat Mountain Townhome Mountaineer	Mountaineer Circle	314	$1,250,000	$1,230,000
Steamboat Springs Luxury Home Dakota Ridge Subdivision	Aspen Ridge Rd.	74	$4,375,000	$3,750,000
Steamboat Springs Luxury Home The Sanctuary	Heavenly View	151	$5,430,000	$4,975,000
	Total Listings	Avg	Avg	Avg
	7	129	$1,864,542	$1,694,400

Steamboat Springs RESIDENTIAL Real Estate- Pending

Development	ADDRESS	Days on Market	List Price	$/Tot Sq Ft
Hayden Mobile Home	E Jefferson	68	$242,000	$184.17
Steamboat Springs Condo Ski Time Square	Ski Time Sq Dr	148	$295,000	$358.01
North Routt Single Family Steamboat Lakes	Golden Tide Place	20	$385,500	$156.45
Steamboat Springs Single Family Willett Heights Subdivision	Amethyst Dr.	101	$825,000	$265.79
Old Town Single Family Campbell Subdivision	Thornburg	95	$899,000	$294.18
Alpine Acres	Fish Creek Falls Rd.	66	$1,485,000	$433.58
	Total Listings	Avg	Avg	Avg
	6	83	$688,583	$282

Steamboat Springs Real Estate--Land Report

Steamboat Springs LAND - Sold

RESIDENTIAL Summary Statistics
	High	Low	Average	Median
LP:	$5,430,000	$176,900	$1,321,792	$825,000
SP:	$4,975,000	$176,900	$1,694,400	$1,100,000

Acres #	Legal Desc	Days On Market	List Price	Sold Price
0.47	Bannock Trail Meadowgreen subdivision at Stagecoach	33	$135,000	$125,000
5.21	Steamboat Springs Luxury Development Dakota Ridge Subd.	264	$650,000	$625,000
		Avg	Avg	Avg
		148	$392,500	$375,000

"How's the Steamboat Real Estate Market?"

2008-08-07T15:14:07Z

Everyone wants to know how the real estate market is doing in Steamboat, so I thought I’d find out. When you look for Steamboat real estate, the town is divided into three main areas:

The Mountain Area are all the houses, condos, townhomes, and fractional ownership places around the market and down to Pine Grove Road.
The Downtown Area includes real estate in Old Town, Fairview, and west to CR 129.
Fish Creek Falls Area which includes Fish Creek Falls Road, Hilltop Parkway, the Sanctuary, Elkins Meadow, Steamboat Blvd. and Tamarack Drive, Rocky Point, Mountain View Estates, and everywhere in between.

When I looked up how many places actually sold, I only looked at Steamboat real estate and only residential units. I didn’t count vacant land or commercial real estate. The results were surprising in this real estate climate.

242 places sold this year and 49 are under contract.

This data is based on information from the Steamboat Springs Board of Realtors (SSBR) MLS for the period of 1/1/2008-8/7/2008.

Oak Creek, Colorado Goes Bio?

2008-08-07T10:46:02Z

Oak Creek, Colorado is looking into forming a central heating system by replacing its coal boilers with a biomass boiler/geoexchange heating system. The biomass boiler will burn pellets created from all the dead beetle kill pine trees.

If it happens, it sounds like a winning way to significantly lower fuel costs for the small town located about 20 miles south of Steamboat Springs and get rid of all the dead lodgepole pines located all over Colorado.

When the beetle epidemic started, Mark Mathis constructed a plant in Kremmling to grind up the trees and form them into pellets for heating homes and businesses. (There is also a pellet plant in Walden.) Mr. Mathis claims that Oak Creek can recoup the costs for the central burner in four years, and Oak Creek can see significant savings after that.

It has been estimated that 90% of the lodgepole pines will be dead by 2013, so long-term supply of the pellets is one of the big question marks.

Lot 8 Greenridge Ranch in Stagecoach Colorado--$499,000

2008-08-06T23:00:30Z

Stagecoach, Colorado has many different neighborhoods, and each one has its own separate feel. Greenridge Ranch is a neighborhood of only 8 home sites. It has all the beauty of Stagecoach and a few bonuses you won't find just anywhere:

Each lot is large--up to 35 acres
Many lots come with streams and water rights for potential pond development
Greenridge Ranch is in a gated area so it's incredibly private
There is direct access into the Routt National Forest from the neighborhood or your land

Jon and I have Lot 8 on Cheyenne Trail listed in Greenridge Ranch. It has over 27 acres with water rights, aspens, pines, meadows, and potential views. It would be a great property for horse owners, hunters, and outdoor enthusiasts. The electric and phone are to the lot line and you can have your choice of building sites.

Imagine the house, the barn, a series of ponds where wildlife come to drink, and feeling like the hustle and bustle of Stagecoach is miles away.

This place can be yours for $499,000.

There is one other parcel listed in Greenridge Ranch, so call Eliese at 970-819-6372 or Jon at 970-819-6930 for information on both lots and other similar properties.

Visit SteamboatHomeSales.com for Steamboat real estate news and information.

Search ALL Steamboat Listings Here

Steamboat Springs Golf: Where to Play, Where to Buy

2008-08-06T22:23:24Z

Coming to Steamboat to golf? Looking for Steamboat real estate on a golf course? You'll find both in Steamboat Springs.

Steamboat has four golf courses, and three of them are open to the public. You can play Haymaker, Steamboat Golf Club, and Rollingstone Ranch Golf Club (formerly the Sheraton Golf Club) or get to know a Catamount member and go with them.

Steamboat Springs is a great place to golf or purchase a luxury golf home because we're located at 7000 feet--thousands of feet lower than most Colorado resorts. What that means to Steamboat Springs golfers is the snow melts earlier in the spring and comes later in the fall so you can spend more time on the fairways.

And your drives will go 10-15% farther in Steamboat's thin mountain air.

If you are moving to Steamboat (either as a full-time resident or second homeowner) and want to live on a golf course, there are a few neighborhoods where you should look. The Sanctuary was built around the fairways of the Rollingstone Ranch Golf Club and Catamount has homes on Catamount's fairways.

For more information on Steamboat Springs golf course homes or other Steamboat Springs luxury homes, please call Eliese Pivarnikat 970.819.6372 or Jon Wade at 970.819.6930.

Eagle Ridge Townhomes in Steamboat Springs For Sale

2008-08-05T11:42:08Z

Eagle Ridge is a premier community in Steamboat Springs, Colorado located only 200 yards from the ski mountain. They have great ski mountain views and amenities to make your stay in Steamboat Springs relaxing and enjoyable. Eagle Ridge has an outdoor pool and hot tub, fitness facilities, steam showers, front desk check-in, concierge, day spa, and a golf putting green.

Units in Eagle Ridge have 4, 5, or 6 bedrooms plus a bonus room for watching TV or storing the kids toys. They have hardwood floors, granite counters, and rock fireplaces. All have attached garages. The 4 bedroom places have one car garages and the 5 bedroom places have two car garages.

Jon Wade and I currently have three listings in Eagle Ridge. They are listed below:

1577 Flattop Circle is a 5 bedroom end unit and is the closest townhome to the mountain. It is light and airy and fully furnished with a separate wine fridge and large deck. This one has an office This Eagle Ridge 5 bedroom place is listed for $1,750,000.

1505 Flattop Circle is a turn-key beautifully furnished 4 bedroom unit listed for $1,499,000. Bring your clothes--everything else is here ready for you to relax and enjoy the mountains!

1556 Flattop Circle is a luxury 4 bedroom unit with several upgrades. It is close to the pool and mountain and is listed for $1,489,000.

Visit EagleRidgeSteamboat.com for full details on Eagle Ridge Townhomes and Eagle Ridge Lodge.

Also visit SteamboatHomeSales.com for Steamboat Real Estate News and Information.

For information on any listings in Eagle Ridge, call Jon at 970.819.6930 or Eliese at 970.819.6372.

Steamboat Wine Festival Starts Today

2008-07-31T19:19:05Z

The Steamboat Wine Festival kicks off tonight with the “Wine on the Mountain Kick Off” event at the top of the gondola. It is one of the events that sell out every year, but don’t worry if you don’t have a ticket. You can drink wine at all the various tasting events from the time you wake up in the morning until the time you crawl back to your room.

(I know, professional tasters rarely swallow the wine and rarely drink too much, but these events are for amateurs, so get Alpine Taxi on speed dial just in case. Their number is 970-879-TAXI (8294).)

Other popular events are the Stroll of Steamboat Friday afternoon where you can walk around to various retail locations in Steamboat and taste wine and appetizers. You need to check in at the tent on the court house lawn to get your glass, then you can sample wines there then walk around downtown Steamboat. Several restaurants, galleries, and shops are set up with wine and food to sample.

Saturday afternoon is the Grand Tasting at Torian Plum. It’s in a big tent on the lawn and features over 800 wines and excellent food from Steamboat Restaurants. There is a band and it’s quite the event.

Most events are in the late afternoon or early evening, but there are plenty of wine dinners you can attend if you'd like to drink even more wine and eat even more food. Generally, Steamboat’s better restaurants offer a set 5 or 6 course meal with different wine pairings. Tickets are in the $125-$150 per person, so if you have an interest in attending one of the wine dinners, let me know and I’ll give you details.

If you want to know more about Steamboat Springs or Steamboat real estate, visit SteamboatHomeSales.com

Steamboat Springs Ski Time Square Demolition Photos

2008-07-29T16:21:17Z

Ski Time Square in Steamboat Springs, Colorado is being demolished to make room for a new base area. Here are photos as the deconstruction progresses.

Visit SteamboatHomeSales.com for more information on Steamboat Springs and Steamboat Springs real estate.

Steamboat Springs Single Family Home near Skiing, Biking, and Park--$649,000

2008-07-23T12:51:09Z

This single family home on Willowbrook Court in Steamboat Springs, Colorado is located on a cul-de-sac close to the ski mountain, bike path, and bus route. Three bedrooms plus a den mean plenty of room for your family and guests. Master bedroom has walk-in closet and large bath with jetted tub and separate shower.

The home is located at the end of the cul-de-sac and has a large yard with separate fenced area for pets. Enjoy barbecues on the deck and the convenience to the bike path. You are minutes from the Steamboat ski mountain from Willowbrook Court, and the home is close to the bus route for convenience.

Call Eliese Pivarnik at 970.819.6372 or Jon Wade at 970.819.6930 for more details or to set up a showing.

Visit SteamboatHomeSales.com for Steamboat Springs real estate information and more listings.

Steamboat Springs Market Report: July14-20, 2008

2008-07-21T12:04:05Z

In case you missed it among all the bad real estate press, $100,000,000 in Steamboat Springs real estate sold last month (June 2008).

Yes, the Steamboat Springs real estate market is slower this year. Heck, over $1.5 billion in real estate sold in 2007–an all time record. It was bound to be slower this year just because of the massive amount of property that changed hands last year. Throw in a slower economy and tighter credit, and–what a shocker–less real estate is being sold this year.

That doesn’t mean the sky is falling in. As I just mentioned, $100,000,000 in real estate sold last month.

This week, there were 6 Steamboat Springs properties that sold last week and 13 Steamboat properties that went under contract.

The average days on market for homes under contract was 51 days. If properties are priced right, they will sell.

List price to sold price was 95%. Sellers in Steamboat are not giving property away. The fundamentals for buying in Steamboat Springs are still there–more people want to move in than want to move out of Steamboat.

Visit SteamboatHomeSales.com for more information or call Eliese Pivarnik at 970.819.6372 or Jon Wade at 970.819.6930 with your questions.

Here are the details for last week:

Steamboat Springs Real Estate Summary Report

Steamboat Springs RESIDENTIAL Real Estate - Sold

Steamboat Springs Multi-Class Real Estate Summary Statistics
	High	Low	Average	Median
List Price:	$2,270,000	$39,900	$540,689	$296,000
Sold Price:	$2,115,000	$57,000	$540,257	$263,773

Development	ADDRESS	Days On Market	List Price	Sold Price
Steamboat Springs Mobile Home West Acres Park Subd	2900 West Acres Dr.	74	$63,000	$57,000
Craig, Colorado Craig Single Family home	Taylor St.	74	$220,000	$197,000
Craig, Colorado Craig Single Family Home	Lincoln St.	227	$216,000	$215,750
Hayden, Colorado Sagewood Development	Honeysuckle Dr.	355	$296,000	$311,797
Stagecoach, Colorado Horseback Subdivision	Seneca Trail	91	$350,000	$345,000
Steamboat Springs Single Family Home	Glacier Ridge	101	$2,270,000	$2,115,000
	Total Listings	Avg	Avg	Avg
	6	153	$569,166	$540,257

Steamboat Springs RESIDENTIAL Real Estate - Pending/ Under Contract

Develop	ADDRESS	Days On Market	List Price	$/Tot Sq Ft
Steamboat Grand 1/8th Fractional Grand Summit Resort Hotel (The Grand)	2300 Mt. Werner Circle,	88	$75,500	$51.57
Hayden, Colorado Single Family Home	N Poplar Street	42	$184,900	$208.22
Hayden Colorado New Construction Condo	S 6th St.	36	$195,000	$203.34
Oak Creek, Colorado Single Family Home	E Williams St.	61	$269,000	$242.78
North Routt, Colorado Steamboat Lakes Single Family	Golden Tide	69	$443,900	$280.24
Steamboat Springs Condominium Mountain Vista Townhome	Mountain Vista Circle	10	$445,000	$321.53
Steamboat Springs Old Town Single Family Home	James St	46	$450,000	$462.96
Steamboat Springs Mountain Condo Trappeurs Crossing Condos	1875 Medicine Springs Drive	104	$775,000	$511.55
Steamboat Springs Luxury Townhome Waterstone @ Eagle Ridge	Waterstone Lane	50	$1,200,000	$464.40
Steamboat Springs, Catamount Lake Catamount	Lakeshore Trail	12	$1,600,000	$675.11
	Total Listings	Avg	Avg	Avg
	10	51	$563,830	$342

Steamboat Springs LAND Summary Report

Steamboat Springs LAND - Pending/ Under Contract

Steamboat Springs RESIDENTIAL Summary Statistics
	High	Low	Average	Median
List Price:	$2,270,000	$63,000	$565,831	$323,000
Sold Price:	$2,115,000	$57,000	$540,257	$263,773

ADDRESS	Ask Price	Acres #	Acre $
Stagecoach, Colorado Wagon Wheel Trail	$39,900	1.05	$38,000
Stagecoach Colorado Meadow Green	$134,900	0.48	$281,042
Steamboat Springs Ranch SIDNEY PEAK RANCH	$1,045,000	50.15	$20,837
Total Listings
3

Eagle Ridge Townhome--4 Bedrooms--$1,489,000

2008-07-18T10:50:50Z

Share your Steamboat adventures with Family and Friends in this very desirable large 5 bedroom Eagle Ridge Town Home. This is the closest unit to the mountain, a 5 minute walk (3 minutes on a powder day) from the base but just far enough away to stay out of the construction.

New sidewalks will make new base village & extensive base area improvements even more convenient but there is a great shuttle service in season if you would prefer to ride. The pool, hot tub, workout center & spa services are just around the corner in Eagle Ridge Lodge while the new Market on the Mountain is about 200 feet away for premium foods & wine.

Full mountain views from the family and dining rooms let you take in the Alpenglow at night. Thoughtful floor plan & high quality construction with separate living areasmakes it perfect for families. Large Great room & kitchen, kids TV room, wine cooler, only unit with master fireplace, full laundry room & loads of storage to keep all you need in Steamboat while still renting.

The original owners got their first choice of units & have kept it in great shape. This unit is in the most open part of Eagle Ridge, backs to a green space where kids can play & has room for your own hot tub on one of the two large decks.

Excellent management by Steamboat Resorts provides solid rentals & carefully watches your home while you are away. Lives like a home with a 2 car garage & large locked storage so your toys are ready for every adventure but has the convenience of a managed complex where you don’t have to worry about maintenance or ever lift a shovel on a powder day because the driveways are heated.

Priced at $1,489,000.

*We also have three other Eagle Ridge Townhomes on the market. Call us for details.

Call Eliese at 970.819.6372 or Jon at 970.819.6930 for details.

Visit SteamboatHomeSales.com for more Steamboat real estate news and information.

Steamboat Real Estate Prices--They're UP 6%

2008-07-18T10:40:50Z

The Steamboat real estate market continues to defy the national housing market’s doom-and-gloom headlines. Prices from June 2007 to June 2008 are up over 6%. In fact,

The Average Transaction Price for Steamboat Springs real estate is reported to be $719,799 a 6.25% increase over the average transaction price for the same time YTD last year.
Median Transaction price for Steamboat real estate is also up from $389,000 to $400,000 compared to the same time YTD last year.
57% of the Steamboat real estate Residential Improved Units Sales for June were in the $1 Million and above price range, compared to only 45% last June.
Over $100,000,000 in Steamboat real estate was sold in June 2008

What does that mean for buyers interested in Steamboat real estate?

Our market has definitely slowed as some buyers take a wait-and-see attitude toward the economy. On the flip side, we have more inventory to choose from so you can look around and find exactly what you want.

Savvy buyers purchase real estate (or stocks, or whatever) when market conditions slow down. Last year, sellers set prices, but this year buyers have more negotiating room.

If you’d like more information on Steamboat’s real estate market, call Eliese at 970.819.6372 or Jon at 970.819.6930 for a more in-depth analysis

SteamboatHomeSales.com

Thank you Bruce Carta from Land Title for providing the stats.

5 Bedroom Eagle Ridge Townhome for $1,750,000

2008-07-09T19:54:46Z

This Eagle Ridge Townhome in Steamboat Springs Colorado is For Sale for $1,750,000.

You can walk to the Steamboat ski mountain from this fully furnished luxury five bedroom Eagle Ridge Townhome.

This spacious end unit has incredible views, 5 bedrooms and 5 baths, a two car garage, and an open floorplan.

For more information on this and other luxury Steamboat listings, contact Eliese Pivarnik at (970) 819-6372 or Jon Wade at (970) 819-6930.

Visit SteamboatHomeSales.com for Steamboat Springs real estate news and information.

Kitchen has knotty alder cabinets

Huge views from the living area, dining area, and master bedroom

Enjoy the fireplace on snowy evenings

Master bedroom is one of five for families and guests

Located 1/10th of a mile from the ski area. Never miss a powder day!

Steamboat Real Estate Solds and Under Contracts

2008-07-06T23:31:04Z

Anyone who reads my Steamboat real estate blog knows I do a market report weekly listing all the Steamboat properties that sold and the Steamboat properties that went under contract. You can find specifics in those reports, but this is a chart that lists only the number of Steamboat area properties that sold and those that went under contract.

Granted, it's pretty general, but it does show that Steamboat Real Estate is selling in this slower market. It isn't the crazy market of 2007, but it looks more like the market of 2006 before Intrawest bought the Steamboat Ski Area and buyers went wild buying property.

The Solds and Under Contracts include everything--Steamboat condos, Steamboat Single family homes, Stagecoach land, North Routt properties, Hayden homes and land and even properties from Craig, Colorado that were on the Steamboat Springs MLS.

If you want the details, visit SteamboatHomeSales.com or go straight to the market reports.

Contact me for more information.