How much do you have to pay for a Keystone condo?
Condos in Keystone, Colorado have a large price spread.
The lowest one currently is $174,900 for a 470 square foot studio. The lowest priced one bedroom Keystone condo is at Wild Irishman and it is currently priced at $209,900 after the original list price of $224,900 was reduced.
Searching on the internet for Keystone real estate, you may find a Keystone cabin for only $149,900! When that was listed recently I had to go and take a look at the photos. It is actually a 5 acre mining claim in the backcountry behind the town of Montezuma, about seven or eight miles from the ski resort. It has an old cabin on it that a strong wind might blow over one day. It looks like it has been open to the elements for some time. The zoning in that area is backcountry, which means that building a house on it will probably be pretty difficult. But I bet it will attract a lot of attention. Twenty years ago when we first started looking for a place in or near Summit County, we looked at many cabins. We ended up buying a little condo because it was much easier than maintaining another home. It was simple just to lock the door, go away for a week or two and not worry about pipes freezing. But I digress; let’s get back to Keystone!
The price range with the highest number of condo sales in Keystone is $300-400,000.
It is also the price range with the most selection, as 60 Keystone condos in that range are currently for sale. There have been 12 sales so far this year as of June 15, and one is under contract. For $300,000 you can get a nice, newer, one bedroom condo in River Run or nearby. Or, you can find an older 2 bedroom condo just a little further away, but still on the shuttle route. Between $350,000 and $400,000 there are plenty of choices of two bedroom condos with great locations, which is why it is such a popular price range.
If you can find such nice condos under $400,000, who would want to spend more? Someone who wants three or four bedrooms, more space, or who want a ski in, ski out location such as the one in The Timbers or Lone Eagle. Instead of formica and white appliances, you get granite and stainless. With more than 250 condos for sale in Keystone, there are plenty of choices. Prices are coming down and, I predict, will come down some more before our market picks up again. Interest rates are still good and there might never be a better time to buy. For more info on Keystone condos in general, click the link. Contact us for more information as I didn’t even address homes, townhomes and duplexes in Keystone. Watch for a future post on that subject. Subscribe!
