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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