Steamboat Springs Luxury Homes
If you are looking for a luxury home in Steamboat Springs then you are in luck. This past year, 2017, marked a record year for the Steamboat Springs real estate market as it expanded and grew at a record pace. While the largest amount of growth took place in the segment of homes valued at under $1 million, there are many ways in which Steamboat Springs is redefining luxury homes and showing us the strength of their local real estate market.
What Defines A Luxury Home?
What does it take for a home to be considered a luxury home? Some may say the price point, the size of the lot, the amenities, or the square footage of the home, but in Steamboat Springs, luxury homes can and are defined by all of these terms. Other factors are high-end finishes, amenities, and proximity to the mountain.
In 2018, the Steamboat Springs luxury home market is expanding to new frontiers for the benefit of locals and visitors alike.
Steamboat Springs Luxury Homes-Benefits For Visitors
Listed as a top 10- ski resort year after year by powderhounds.com and tripadvisor.com, Steamboat Springs draws almost 500,000 visitors annually. While the snow season from November through April remains the largest time for tourists, the summer months are proving to keep pace with the colder winter months because of the many outdoor activities and mountain lifestyle offerings that draw quite a crowd after the snow melts, including: mountain biking, hiking, camping, fly fishing, tubing on the Yampa River, the Rodeo, Balloon Glow and more.
For visitors to Steamboat Springs, our luxury homes provide exceptional places to stay for family vacations, retreats, parties, wedding and other special events and are available through property management companies, VRBO, Air BnB and private rentals. Because Steamboat Springs is such a popular destination resort, luxury homes play a vital role in our local economy. Steamboat Springs’ luxury homes work in 3 ways for visitors to our unique mountain town.
First, Steamboat Springs’ luxury homes provide large, unique residences for visitors to our community with exceptional amenities and offerings, including: hot tubs, catered meals, state of the art fitness facilities, spas and massages rooms on site, and more.
Secondly, the luxury homes in Steamboat Springs speak to the strength and growth of our local real estate market.
Lastly, the building and maintenance of these luxury homes in Steamboat Springs provides jobs and a source of revenue for our local economy.
Steamboat Springs Luxury Homes-Benefits For Locals
For people who are local and call Steamboat Springs home, the luxury home market is beneficial as well.
Locals can enjoy a huge variety of luxury homes from which to choose. From sprawling ranches on a vast amount of acres just outside of town, to trendy modern lofts in town and on the mountain, to ski in and ski out condos on the mountain with full time concierge services, high-end finishes and a modern feel, Steamboat Springs luxury homes market has it all.
Secondly, in addition to a variety of luxury real estate offerings in Steamboat Springs, there are also numerous opportunities here. As the local real estate market in Steamboat Springs expands on all fronts, locals have the option to invest in some new real estate developments that are just starting to crop up, such as the Flat Tops at Wildhorse, the Blackhawk Complex off of Village Drive, and the luxurious One Steamboat Place.
According to Realtor.com Steamboat Springs currently has 490 homes for sale with a median listing price of $559,000, or approximately, $345 per square. When you consult, Zillow, they identified 148 luxury homes for sale in Steamboat Springs priced from the $800,000s to over $14million. These homes vary in size, location, construction and amenities, but all 148 are defined as luxury homes.
As unique as each Steamboat Springs luxury home is, it is important to remember that purchasing a luxury home is also unique its own way. It is difficult to not be distracted by the many details of luxury homes and the newness of many luxury home developments in Steamboat Springs, but there are things to consider when making such a monumental purchase because in the long run, you may want to resell your luxury home in Steamboat Springs and you want it to hold as much value as possible, or even potentially turn a profit for you.
Forbes.com offered this list of 10 things luxury homebuyers should focus on:
- Unobstructed views and light-interior areas that are open to the outdoors and views not only improve your mood, but also your homes resale value.
- Ceiling height-the higher the better.
Architectural uniqueness-good architecture is another way to maintain a high resale value on your luxury home. - Practical layout– watch out for homes that have wasted space that is unusable.
Windows-since these are a major source of heating and cooling loss, it is important to make sure these are double paned and well insulated. - Storage– this is a matter of having enough functional space to accommodate the people in your home and the square footage.
- The gym– this is especially important in winter communities that see a lot of snowfall, such as Steamboat Springs.
- In-unit laundry-laundry is a daily task in most homes regardless of size and it is important to have convenient access to an area designated for laundry.
- Be willing to pay for high-end finishes and fixtures so that your home is move-in ready –this will be cheaper than doing it yourself and save time.
- Reputation– builders, developments and complexes with good reputations tend to hold value better over time.
As always, if you have questions about luxury homes in Steamboat Springs it is best to consult with a licensed, local Realtor.
Your Happiness Is My Motivation
Sunny Brstina | Steamboat Sotheby’s International Realty
Real Estate Broker | 970.846.1574| sunny(dotted)steamboat(at)gmail(dotted)com
Website:www.SteamboatHousesForSale.com