Sub-$200,000 condo sales scarce in Steamboat at year’s end
December 9, 2017
STEAMBOAT SPRINGS — Real estate sales data collected by Land Title Guarantee Company suggests that home inventory in the lowest price range in Routt County is dwindling, but a dwelling priced below $200,000 can still be found.
Through October 2017, 90 homes priced lower than $200,000 had been sold in Routt County, and that falls well short of the pace for all of 2016 when 176 homes in that range sold. The numbers were very similar in 2015, when 171 homes in that range changed hands.
With November and December transactions yet to be released, it seems unlikely that 2017 final number will approach 170. The seven-day period from Nov. 30 to Dec. 7 saw an 864-square-foot Wagon Wheel at Stagecoach near the town of Oak Creek sell for $149,000.
The next closest sales were two transactions split between a pair of venerable condo projects close to the intersection of Walton Creek and Whistler roads in Steamboat Springs. Walton Village and Shadow Run have the advantage of being on a city bus route just two minutes from the base of the Steamboat gondola.
Shadow Run was built in 1980, and Walton Village preceded it by three years in 1977. The sale this week of a 565-square-foot Walton Village condo for $151,600 cleared the $200,000 threshold. But a nearby Shadow Run with two bedrooms and two baths sold for $203,362 and may have been a better buy in terms of living space, although Walton Village has appealing open space and amenities.
The next step up is nearby Whistler Village off Skyview Lane, where many young Steamboat couples of another era began married life. A townhome there sold this week for $284,000, a big jump from 2015, when it still fit under the $200,000 threshold with a sale price of $197,500. It is indicative of how quickly sub-$200,000 homes are disappearing in this real estate cycle.
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The two-story townhomes at Whistler Village offer 961 square feet and with the two bedrooms upstairs, they offer a little more room for entertaining on the main level. Like Shadow Run and Walton Village, they have easy access to transit, and are within easy walking distance of a spur of the Yampa River Core Trail.
Land Title's research reflects that 145 homes in Routt County have sold in the range of $200,000 to $300,000 through October, the space Whistler Village occupies in the market. That compares to 171 in all of 2016 and 156 in 2015.