Edgemont ski-in, ski-out condos in Steamboat Springs has lowered prices and announced the second phase of four townhomes for the 2012 ski season.
Edgemont has 39 luxury residences--25 have sold and one is under contract. The largest condos have sold although there are a nice selection of 2- and 3-bedroom condos still available.
Buyers looking for a 4-5 bedroom luxury residence can pre-purchase a new Edgemont Townhome. The new Edgemont townhomes will have the same features and finishes you'll see in the condos.
For investors, Edgemont has some of the best rental revenues for ski-in, ski-out properties. Contact us for rental information.
Edgemont has long-term financing for qualified buyers, so you won't have any condo-tel financing hassles.
HOAs at Edgemont include everything but your electric and property taxes, and owners can have pets.
Call us at 970-819-6372 and see why Edgemont is Steamboat's best-selling luxury ski in, ski out condominiums!
“Now is the time to buy Steamboat real estate.”
How many times have you heard a Realtor say that? Everyone's situation is different, so you won't hear that blanket statement from me even though it is true that many Steamboat properties are priced at too-good-to-pass up prices and we’ve seen the bottom of the market in several neighborhoods.
According to Tobin’s Q, a theory James Tobin wrote in the late 1960’s,it really is time to buy. James Tobin’s theory says:
Market value of company / replacement value = Tobin’s Q
So how does that relate to Steamboat real estate? When the price of Steamboat real estate is below replacement cost, stop procrastinating and buy. When real estate prices were rising, developers could build a property then resell it immediately for more than it cost to build. Everyone became a developer (or a Realtor) which lead to the building boom and bust in Steamboat Springs and across the nation.
Now the opposite is true. It’s cheaper to buy a resale home or condo than to build it from scratch, which is why only 500,000 new homes are being built in the US annually, down from 1.6M-2 M during the last years of the housing bubble.
Here in Steamboat, 200 (+/-) building permits were issued each year between 2001 and 2006. Last year, only 33 building permits were issued. The market has turned so that buyers can purchase property for less than it would cost to build—and in some cases a whole lot less.
With time, buyers who purchased property now should see nice appreciation gains once the market comes back, and history shows a rebound is inevitable.
Search all the Steamboat properties for sale here, or call us at 970.819.6372 to talk about what place is right for you.
View from Storm Peak a few days ago. Four Points hut is in the foreground and Steamboat Springs is in the distance.
Search ALL Steamboat properties for sale here, or call us at 970-819-6372 to talk about your real estate goals.
Stagecoach single family home sales have been solid in 2011. This year, there have been 18 single family home sales in Stagecoach, with 12 being REO/Bank-Owned properties. People looking to buy now will find single family home inventory is low (especially in the popular under $350,000 range), and there are NO bank-owned REO properties currently available for sale. Since the economic downturn, 24 single family homes and 11 townhomes/condos have been foreclosed upon and sold in Stagecoach.
There will no doubt be more bank shadow inventory and other foreclosed properties coming on the market although I would be surprised if we see the volume of distressed properties like we saw in 2009-2011.
The good news? Prices can only increase after the distressed inventory is cleared out, and it’s looking like it could start to happen. Here is a list of all the single family home sales in Stagecoach to date in 2011:
| Stagecoach Development | Address | Status | Bedrm | Year Built (Use 4 digit) | Asking Price | Sold Price | REO Bank Owned Y/N |
| Black Horse I at Stagecoach | 33455 Filly Trail | SOLD | Four | 2003 | $169,900 | $160,000 | Yes |
| Black Horse I at Stagecoach | 33485 Arabian Way | SOLD | Three | 2003 | $399,000 | $350,000 | No |
| Black Horse II Subdivision at Stagecoach | 33015 Colt Trail | SOLD | Three | 1987 | $349,000 | $288,000 | No |
| Coyote Run Subdivision | 30225 Coyote Run | SOLD | Three Plus | 2003 | $255,000 | $265,000 | Yes |
| Coyote Run Subdivision | 30450 Coyote Run Court | PENDING | Four | 2005 | $410,000 | No | |
| Eagles Watch Sudivision | 31080 Fallen Falcon Trail | SOLD | Two | 1999 | $179,900 | $164,000 | Yes |
| Eagles Watch Sudivision | 31135 Fallen Falcon | SOLD | Two Plus | 1993 | $246,000 | $210,000 | No |
| Eagles Watch Sudivision | 31160 Broken Talon | Kick-Out | Three | 1995 | $260,000 | No | |
| High Cross @ Stagecoach | 33225 Ramuda Trail | SOLD | Three | 2007 | $262,900 | $262,900 | Yes |
| Horseback Subdivision | 33533 Seneca Trail | SOLD | Three | 2006 | $249,900 | $225,000 | Yes |
| Meadow Green Stagecoach | 23460 Willow Island Trail | SOLD | Three | 2005 | $239,900 | $240,000 | Yes |
| MiddleCreek@Stagecoach | 29765 Riffle Run | SOLD | Three | 2004 | $314,900 | $310,000 | Yes |
| Morningside Subd | 32588 Ute Trail | SOLD | Three | 2002 | $146,900 | $154,500 | Yes |
| Morningside Subd | 22503 Cheyenne Trl | SOLD | Three | 2004 | $189,900 | $190,100 | Yes |
| Red Hawk Village At Stagecoach | 23710 Sagebrush Circle | PENDING | Three | 2006 | $195,000 | No | |
| Red Hawk Village At Stagecoach | 23500 Sagebrush Circle | Kick-Out | Three | 2006 | $199,900 | No | |
| Red Hawk Village At Stagecoach | 23600 Sagebrush Trl | SOLD | Three | 2006 | $214,900 | $212,500 | Yes |
| Red Hawk Village At Stagecoach | 23720 Sagebrush Circle | SOLD | Three | 2006 | $224,000 | $216,000 | No |
| Red Hawk Village At Stagecoach | 23700 Sagebrush Circle | SOLD | Three | 2006 | $250,000 | $250,000 | No |
| South Shore Subdivision | 24055 Arapahoe Rd. | SOLD | Three Plus | 2002 | $185,000 | $172,500 | Yes |
| South Shore Subdivision | 31670 Shoshone | SOLD | Four | 2000 | $289,000 | $289,000 | Yes |
The number of Steamboat Springs homes, condominiums, and land parcels under contract is up 170% since summer. If all the contracts close, it will represent $71,883,509 in Steamboat real estate sales.
So what are people buying? Here are some “fast facts” about the types of properties under contract:
Steamboat Real Estate Pending Sales
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Steamboat is a western world-class ski resort with limitless outdoor activities and a vibrant arts community. To learn more about buying or selling real estate in Steamboat, please call or email me
Steamboat Springs, CO is a world-class resort town with a friendly, western feel. Our ski mountain is one of the best in Colorado, and people love coming back here because we're a small town with a big heart! We have hot springs, bike paths, fine dining, cattle drives, and great schools. Steamboat is a real town, with real people, which is what people love about it.
If you are looking to purchase a second home, a Steamboat ski condo or townhome, investment property or a retirement home, you owe it to yourself to look at Steamboat.
And if you look at Steamboat real estate, you need to do it with a Realtor who knows the Steamboat market. I can help you find:
Steamboat Springs has been mentioned in the Wall Street Journal and Robb Report as being THE place to purchase real estate. Go to SteamboatHomeSales.com to read the articles and get TONS of information on Steamboat Springs real estate and community news.
I look forward to hearing from you!
Are you ready to start looking into Steamboat Springs real estate? Please call (970) 819-6372 or email me with your Steamboat real estate questions or to receive instant notifications. You'll get property information that fits your criteria as soon as it hits the market.
Buyers: Search all Steamboat Springs active listings here. Or contact us to schedule a time to view Steamboat real estate while you're in town.
I can help you with:
Steamboat Springs Condos and Townhomes for sale
Steamboat Springs neighborhoods
All the Steamboat real estate new developments:
Fractional ownership at One Steamboat Place, the Grand, Christie Club, and The Porches
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