What Happened to Steamboat Luxury Home Sales?

One Steamboat Place luxury ski in, ski out condos

One Steamboat Place luxury ski in, ski out condos

It’s been an interesting year for high-end home sales (over $1,000,000) in Steamboat because the luxury market isn’t as robust as its been in past years. Typically, 10-15% of pending sales are for homes priced over $1M, but this year luxury homes only represent 6-7% of pending sales.   I have a few theories why our high-end market is soft, but you’ll have to call to find out what they are.  While some market segments are red-hot with multiple offers (like the under $350,000 entry level market), Steamboat luxury buyers are still able to negotiate prices and terms.

In the first half of 2015, 29 homes sold for over $1,000,000.  Interestingly, 10 of the sales were ski in-ski out condos at One Steamboat Place.  OSP is closing out their developer inventory and negotiating nice deals for buyers looking for ski-in, ski out luxury condos.   Over $52,000,000 in real estate has closed with an average sales price of 93% of the list price.

See all Steamboat properties for sale over $1,000,000 here.

The 29 sales this year (or 19 homes if you take out the One Steamboat Place sales) compares with 45 Steamboat luxury home sales for the first half of 2014.  See the full list below, and feel free to call us at 970-819-6372 with your questions.

Steamboat Development/Area Address Asking Price Sold Price % List to Sold Status Date
One Steamboat Place 2250 Apres Ski Way, # 307 $1,450,000 $1,325,000 91% 6/1/2015
One Steamboat Place 2250 Apres Ski Way, # 311 $1,495,000 $1,335,000 89% 1/14/2015
One Steamboat Place 2250 Apres Ski Way, # 506 $1,595,000 $1,525,000 96% 1/20/2015
One Steamboat Place 2250 Apres Ski Way, # 709 $1,950,000 $1,625,000 83% 2/27/2015
One Steamboat Place 2250 Apres Ski Way, # 510 $1,925,000 $1,725,000 90% 4/24/2015
One Steamboat Place 2250 Apres Ski Way, # 613 $1,975,000 $1,775,000 90% 5/26/2015
One Steamboat Place 2250 Apres Ski Way, #609 $1,850,000 $1,800,000 97% 3/20/2015
One Steamboat Place 2250 Apres Ski Way, # 606 $1,950,000 $1,825,000 94% 2/9/2015
One Steamboat Place 2250 Apres Ski Way, # 610 $2,000,000 $1,850,000 93% 2/27/2015
One Steamboat Place 2250 Apres Ski Way, # 608 $2,550,000 $2,300,000 90% 4/3/2015
Ranches Steamboat Lake 60335 Larson Creek Road $1,075,000 $1,025,000 95% 3/31/2015
Country Club Highlands 2501 Clubhouse Drive $2,195,000 $1,800,000 82% 6/25/2015
Deerwood Ranches 31485 Deerwood Ranches $1,175,000 $1,050,000 89% 2/19/2015
Entress Subdivision 11 E Spruce Street $1,925,000 $1,760,000 91% 4/18/2015
Graystone on The Green 1187 Clubhouse Cir $1,765,000 $1,750,000 99% 6/15/2015
Highlands Subdivision 1775 Highland Way $1,649,000 $1,620,000 98% 5/18/2015
Highlands Subdivision 857 & 921 The Boulevard $3,250,000 $3,150,000 97% 6/16/2015
Mountain View 649 Meadowbrook Circle $1,950,000 $1,790,000 92% 4/8/2015
Other 24025 The Quay $1,995,000 $1,950,000 98% 3/24/2015
Pleasant Valley 31985 RCR 14-B $1,195,000 $1,095,000 92% 1/16/2015
Rendevous Trails Subdivision 2975 Burgess Creek Rd. $2,500,000 $2,300,000 92% 3/5/2015
Running Bear 2030 Homestead Court $1,449,000 $1,375,000 95% 5/15/2015
Running Bear 2000 Bear Drive $1,495,000 $1,400,000 94% 4/25/2015
The Sanctuary 1112 Steamboat Blvd $1,385,000 $1,300,000 94% 4/16/2015
The Sanctuary 674 Steamboat Boulevard $2,995,000 $2,600,000 87% 6/3/2015
Strawberry Park 42855 Gunn Creek Ln $4,995,000 $5,000,000 100% 5/6/2015
Twenty Mile Ranch 25355 Bella Vista Circle $1,850,000 $1,795,000 97% 5/19/2015
Cimarron Townhomes 1913 Cimarron Circle $1,180,000 $1,150,000 97% 4/15/2015
Other 1760 Burgess Creek Road $1,295,000 $1,260,000 97% 4/30/2015
Posted by Steamboat Springs Luxury Homes | Filed Under Market Reports, Uncategorized