What Happened to Steamboat Luxury Home Sales?
By Eliese Pivarnik, CRS, GRI, ABR, RSPS, Colorado Group Realt
(Colorado Group Realty, LLC)
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 develo...