Steamboat Springs Downtown Winter Carnival
Sales in the luxury market are still moving in Steamboat’s economy amid rough waters nationally, the Steamboat Pilot reported Sunday.
One Steamboat Place, one of the most recent developments located in Gondola Square, has experienced 6 sales of fractional ownership in March and April of this year.
Trailhead Lodge also experienced brisk sales, as did Edgemont, which released pre-construction pricing back in 2008 when the market began to slow down. The biggest challenge for the developments has been hanging onto the existing contracts, which in today’s financing world, condominiums and new construction have had their ups and downs. Although there have been some folks who have decided to walk from “hard deposits” based on lifestyle changes and portfolio alterations, there is still a huge camp out there who have plenty of money to park and are looking elsewhere than Wall Street to find the best place to settle down, and Steamboat demonstrates that its value is continuing to attract buyers.
Here’s the breakdown year to date:
- Edgemont: $30.28 million, 13 condominiums sold
- Trailhead Lodge: $27.43 million, 32 condominiums sold
- One Steamboat Place: $71 million, broken down by 11 whole ownerships ($40.45 million) and 73 Residence club Memberships ($30.65 million) sold
Downtown Steamboat Springs, with the available inventory of Howelsen Place, Alpen Glow, the Olympian and the Victorian are great opportunities to find homes where sales teams are willing to work with Buyers and their brokers to purchase homes in the coveted downtown, at much less than the developer asking price two years ago. And the best part of it all – there’s some great views of the ski mountain at many of these residences and a morning cup of coffee is right out your door.
Read full story on Steamboat’s base area real estate sales here by Tom Ross>
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