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Steamboat Springs Market Report: July14-20, 2008

By
Real Estate Agent with Colorado Group Realty, LLC

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      

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