It’s Summer time! Let’s talk about “Bubbles”
“Are we back to the bubble of 2007?” is a common question that we are asked as real estate professionals. It’s a tough question to answer because we don’t have a crystal ball, however we can look at the contributing factors of the prior bubble and subsequent burst, and attempt to make some professional conclusions. […]
25 Most Expensive Steamboat Homes in 2016
Looking back at last year, over 25 properties sold for over $2M with the most expensive property coming in at $16,250,000 for Vista Verde Guest Ranch at the end of Elk River Road. Two condos made the list at Edgemont and One Steamboat Place, along with 17 single family homes. Most of the homes that […]
Steamboat Springs Luxury Home Sales YTD
The Steamboat Springs luxury home market (which I’m defining as any Steamboat area residential property over $1,000,000) is up significantly over the same time period in 2015. This year, 92 properties sold above $1M compared to only 69 properties during the same period in 2015. Popular neighborhoods where buyers are purchasing luxury homes include […]
Steamboat Luxury Homes are Selling Again
Steamboat luxury homes are once again starting to move. There are still plenty of homes to choose from and we’re not seeing the tight inventory levels and multiple offers like we’re seeing at lower price points, but the nicest homes–and better values–are selling. As an example, I was showing luxury homes two weeks ago, […]
Steamboat Luxury Home Sales in 2013
Steamboat luxury real estate sales are starting to catch up to the red-hot entry level market we’ve been experiencing since the beginning of 2013. Listed below are the sales and pending sales over $1,000,000 since January 1, 2013. There are more luxury sales–particularly high-end sales over $3M–than we’ve seen in Steamboat in several […]
Is the Steamboat Luxury Market Rebounding?
Steamboat’s high-end luxury home market is definitely rebounding. Sales and pending sales of luxury homes and condos are seeing more activity since before the recession, and this month, a $1,000,000+ home has gone under contract every other day. In 2012, only three Steamboat luxury homes sold for more than $3,500,000. Six weeks into 2013, one […]
Steamboat Luxury Home Sales
The Steamboat luxury home market is one of the last segments to hit bottom, so there are still great buys for high-end homes–and many of them are priced less than replacement value. We are seeing more showings, more offers, and more closings for properties priced over $1,000,000 than we’ve seen in years. Here is a […]
Steamboat Luxury Home Sales in October
There were three luxury home sales in October including a 3,500,000 sale in Stonebridge Park, a small gated community off of Steamboat Blvd near the Sanctuary. Boulder Ridge is another Steamboat neighborhood that has been very active this year. In the last 14 months, there have been two new home sales and 4 lot sales. […]
Steamboat Luxury Sales Over $1M
Over the past 6 weeks, there have been seven Steamboat luxury sales with four others going under contract to close at a later date. All of the sales are within Steamboat city limits in some of Steamboat’s most popular neighborhoods. Steamboat Springs Area Type Development Address Asking Price Sold Price % of List Steamboat […]
Recent Steamboat Luxury Home Sales
Steamboat luxury home buyers are back as buyers take advantage of price decreases to buy high-end properties. There are deals to be had as Steamboat luxury buyers–who recently bought properties for more than $1M–are seeing savings average 15% off the list price. Newer properties are selling best because savvy buyers know they can purchase a […]