Steamboat Luxury Foreclosures are About Gone

Steamboat Luxury Real Estate

According to USA Today, “top-tier homes have lost 38% of their value since prices peaked in 2006, while prices for bottom-tier homes have dropped 63% since peaking in 2007.”  Steamboat Springs luxury homes have also seen prices hold up better than entry level homes even though the luxury market represents a smaller percentage of sales compared to previous years.   (A lot of entry level homes and condos with the rock-bottom prices are selling right now.)  If entry level condos aren’t your idea of real estate, there are some great values for luxury real estate.  And with rates the lowest they’ve been in 50 years, buyers are financing even if they don’t have to.

For the true value-seeker, Steamboat luxury foreclosures are just about gone  (although who knows if we’ll see the ominous Second Wave we read about).  Since 2010, all bank-owned properties over $1M have sold except for a newly listed home in Anglers Retreat.

Please call 970-819-6372 for a short list of some of the best values in Steamboat, or click here to see what’s for sale above $1,000,000.

Development Address Days On Market Status Asking Price Sold Price      
Anglers Retreat 594  RETREAT PLACE 26 ACTIVE $1,250,000        
Fairway Meadows Subd 1727  River Queen Ln 99 SOLD $1,199,900 $1,115,000      
North Meadows Subd 1865  Montview Ct 55 SOLD $1,200,000 $1,200,000      
Anglers Ridge 693  Anglers Ct. 38 SOLD $1,336,500 $1,340,000      
Strawberry Park Area 32050  Pebble Run 104 SOLD $2,100,000 $2,025,000      
The Sanctuary 2880  Golf Stream Court 32 SOLD $2,300,000 $2,210,000      
Catamount Ranch LPSE 34310  Brady Trail 101 SOLD $3,057,900 $2,999,000      
Stonebridge Park 1624  Graystone Drive 70 SOLD $3,875,000 $3,200,000      
Posted by Steamboat Springs Luxury Homes | Filed Under Steamboat Luxury Bank-Owned/Foreclosure, Uncategorized

Leave a Reply