Market Reports


High Demand, Low Supply = ?


Steamboat single family home prices are on the rise, but Buyers are left with few options to choose from due to limited inventory.
Call The Metzler Team at (970) 846-8811 to find how this might impact your sale or purchase




2007 Vs Today - Peak or Prairie: Part 1


As Steamboat’s real estate market continues to strengthen in 2018, many are left to wonder, “Have property values rebounded to the levels of our last peak in 2007?"

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Colorado Group Realty Insider - May 2018


How’s The Market?

In most cities across the globe, spring is the time of year when the highest volume of properties hit the market. Steamboat is no exception and local buyers are hopeful to see significant supply added to help balance the high demand. While the 112 new listings that came on the market this March didn’t measure up to previous years, it was the highest number of new properties added in the last seven months. Year to date, 264 new properties have gone on the market, down 22% from 2017. Based on this activity, we expect that the same trend will continue in April and May: healthy but not the volume of past years. The market has held steady for the last six months with about 400 total active listings.

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Colorado Group Realty Insider - April 2018


How’s The Market?

Despite the lowest real estate inventory levels in years, sales figures in Steamboat for the first quarter of 2018 were surprisingly quite healthy. While slightly down from the same time last year, through March 2018, just over 200 properties were sold totaling over $135M.
While we’re hopeful to see signi cant increases in inventory as the snow melts, it’s doubtful that we’ll return to levels seen over the last few years; this, of course, will lead to continuing price escalation. New listings in February (74) were only half of what we’ve seen hit the market in previous February's. New list prices continue to rise significantly as homes hitting the market are priced higher by nearly 9% from 2016, averaging $575,000.

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Nick's Predictions – What might we see in 2018?




Expect to see new home construction significantly increase in pace. For the first time in 10 years, there will be new homes for sale that are under $1m, as the existing inventory has completely dried up. Call us for details for information on new homes coming to the market this year. Existing homes under $1.5m should see gains this year while there are homes on the market or coming to the market, above $2m, well below replacement value. Buyers in this price range still have opportunities (this market range is also likely to dry up this year if sales outpace new home construction).



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Colorado Group Realty Insider - March 2018


How’s The Market?
he Steamboat Springs real estate market continues to experience historically low inventory. There were only 92 active single-family homes and 219 condos and townhomes available within city limits at the end of February. With such tight inventory and buyers waiting for new options to hit the market, this causes quick or multiple offer scenarios to arise. Typically a slew of new properties come on the market in the spring, which will hopefully help rebalance our supply to demand.

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Steamboat Springs Real Estate Market Update - March 2018


New Listings were down 42.2 percent for single family homes and 3.0 percent for townhouse-condo properties. Pending Sales decreased 25.6 percent for single family homes but increased 20.8 percent for townhouse-condo properties.

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2017 Annual Report


2017 was a very healthy year for the Steamboat Springs real estate market; in fact, it was the most robust year since 2007, right before the housing bubble and recession. Overall market volume in Steamboat and surrounding areas was up 12% to $598M in sales volume, compared to 2016 with $535M in sales volume.

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Steamboat Springs Real Estate Market Update - January 2018


New Listings were down 24.1 percent for single family homes and 36.2 percent for townhouse-condo properties. Pending Sales increased 63.6 percent for single family homes but decreased 8.3 percent for townhouse-condo properties.

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Colorado Group Realty Insider - February 2018


How’s The Market?

If you’re looking to sell an entry-level home or upgrade into a larger one, 2018 could be your year! Similar to Steamboat, several of our feeder markets (Boulder, Denver, and Fort Collins) are currently experiencing dual markets. A dual market represents the opportunity for owners of entry-level housing to sell at premium prices and move up to highe price points by taking advantage of larger discounts in that market segment. It’s the perfect sell high, buy low scenario— one that maximizes the ability to fully leverage two markets.

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Steamboat Springs Real Estate Market Update - February 2018


New Listings were down 3.6 percent for single family homes and 21.5 percent for townhouse-condo properties. Pending Sales increased 17.6 percent for single family homes and 40.0 percent for townhouse-condo properties.

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Top 3 Steamboat Homes!


Steamboat’s 3 Highest Priced Single Family Homes- Sold in 2017 (within city limits)

Steamboats Highest Price/SF Homes - Sold in 2017

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Colorado Group Realty Insider - January 2018


In 2017, the Yampa Valley real estate market saw significant increased sales volume and home valuations. With the year now behind us, what’s on tap for 2018?

There has been a significant drop off in inventory from 925 active listings at this time last year to only 400 current listings. With such a limited supply, it’s logical to predict that individual values will continue to rise while total sales numbers may decrease.

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$1M Home Sales Top 100 In 2017 - Steamboat Springs


The Routt County real estate market saw the sale of 111 $1 million homes in 2017, surpassing the 2016 total by three transactions.

Based on statistics reported by Land Title Guarantee Company and the Routt County Clerk's Office, nine homes sold for more than $3 million in 2017, some of them including large acreages. That compares to 12 in 2016.

The million-dollar home sales here in 2017 represent one measuring stick that points out how far the high end of the Steamboat/Routt County market has come since 2014 when 89 million-dollar homes sold here. The number was 92 in 2015.

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Colorado Group Realty Insider - November 2017


Steamboat had a hot summer! In Q3 of 2017, 13 singlefamily downtown homes sold for $9.25M in total sales, averaging $384/sf and 88 DOM (days on market). In the mountain area, 19 single-family homes sold for $19.35M in total sales, averaging $333/sf and 252 DOM. There are currently nine single-family downtown homes for sale and more than half have been on the market for a year or more. With such little inventory, why do they sit while others see multiple offers per day?

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Steamboat Springs Real Estate Market Update - August 2017


New Listings were down 20.4 percent for single family homes and 19.0 percent for townhouse-condo properties. Pending Sales decreased 22.2 percent for single family homes and 8.8 percent for townhouse-condo properties.

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Steamboat Springs Real Estate Market Update - September 2017


3.0 percent for single family homes but decreased 7.7 percent for townhouse-condo properties.

The Median Sales Price was up 8.8 percent to $715,000 for single family homes and 21.8 percent to $414,500 for townhouse-condo properties. Days on Market decreased 11.0 percent for single family homes but increased 0.7 percent for condo properties.

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Colorado Group Realty Insider - October 2017




How's The Market?
That’s the question most asked of real estate agents. In Steamboat, the easy answers are “It’s on fire!” or “There’s no inventory.” On the surface, those answers are true as total sales volume is up 24% from this time last year and months of inventory have decreased significantly the last two years. In order to really answer the “How’s the market?” question accurately, it takes more analysis.

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Steamboat Springs Real Estate Market Update - June 2017




New Listings were down 17.7 percent for single family homes and 34.1 percent for townhouse-condo properties. Pending Sales increased 25.9 percent for single family homes and 23.7 percent for townhouse-condo properties.

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Steamboat Springs Real Estate Market Update - July 2017




New Listings were down 46.8 percent for single family homes and 24.2 percent for townhouse-condo properties. Pending Sales increased 20.0 percent for single family homes and 37.8 percent for townhouse-condo properties.

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2016 Annual Steamboat Springs Real Estate Report




In 2016, Colorado Group Realty had it’s second highest volume year since 2007. We were involved in almost 30% of all Steamboat Springs real estate transactions.

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Steamboat Springs Real Estate Market Update - March 2017




New Listings were up 36.1 percent for single family homes but decreased 6.9 percent for townhouse-condo properties. Pending Sales increased 76.0 percent for single family homes but remained flat for townhouse-condo properties.

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Steamboat Springs Real Estate Market Update - February 2017




New Listings were up 11.5 percent for single family homes but decreased 13.2 percent for townhouse-condo properties. Pending Sales decreased 15.8 percent for single family homes but increased 3.2 percent for townhouse-condo properties.

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Steamboat Springs Real Estate Market Update - January 2017




New Listings were down 28.6 percent for single family homes but remained flat for townhouse-condo properties. Pending Sales decreased 36.8 percent for single family homes and 6.7 percent for townhouse-condo properties.

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Steamboat Springs Real Estate Market Update - December 2016




New Listings were up 12.5 percent for single family homes and 29.7 percent for townhouse-condo properties. Pending Sales increased 50.0 percent for single family homes and 47.1 percent for townhouse-condo properties.

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Steamboat Springs Real Estate Market Update - November 2016




New Listings were up 35.0 percent for single family homes and 20.5 percent for townhouse-condo properties. Pending Sales decreased 5.9 percent for single family homes and 5.6 percent for townhouse-condo properties.

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Steamboat Springs Real Estate Market Update - October 2016




New Listings were up 59.1 percent for single family homes but decreased 4.8 percent for townhouse-condo properties. Pending Sales decreased 4.0 percent for single family homes and 20.5 percent for townhouse-condo properties.

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Steamboat Springs Real Estate Market Update - September 2016




New Listings were up 20.8 percent for single family homes but decreased 26.1 percent for townhouse-condo properties. Pending Sales remained flat for single family homes but increased 37.1 percent for townhouse-condo properties.

The Median Sales Price was up 13.8 percent to $657,000 for single family homes and 1.1 percent to $331,750 for townhouse-condo properties. Days on Market decreased 18.6 percent for single family homes and 5.6 percent for condo properties.

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Steamboat Springs Real Estate Market Update - July 2016




New Listings were down 27.6 percent for single family homes and 41.8 percent for townhouse-condo properties. Pending Sales increased 35.7 percent for single family homes but decreased 32.7 percent for townhouse-condo properties. The Median Sales Price was up 17.6 percent to $600,000 for single family homes but decreased 1.8 percent to $292,500 for townhouse-condo properties. Days on Market decreased 31.1 percent for single family homes and 21.8 percent for condo properties.

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Steamboat Springs Real Estate Market Update - June 2016




New Listings were up 18.2 percent for single family homes and 29.5 percent for townhouse-condo properties. Pending Sales decreased 6.9 percent for single family homes and 23.9 percent for townhouse-condo properties. The Median Sales Price was up 49.9 percent to $662,500 for single family homes and 21.1 percent to $334,950 for townhouse-condo properties. Days on Market increased 27.7 percent for single family homes and 22.1 percent for condo properties.

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Steamboat Springs Real Estate Market Update - December 2015




New Listings were down 33.3 percent for single family homes and 26.7 percent for townhouse-condo properties. Pending Sales decreased 10.0 percent for single family homes and 5.3 percent for townhouse-condo properties.

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Steamboat Springs Real Estate Market Update - November 2015




New Listings were down 9.1 percent for single family homes but remained flat for townhouse-condo properties. Pending Sales increased 46.2 percent for single family homes and 56.5 percent for townhouse-condo properties.

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Metzler Named Steamboat Springs Board of Realtors 2015 Top Agent




Metzler Named Steamboat Springs Board of Realtors 2015 Top Producing Sales Agent

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2015 Mid-Year Steamboat Springs Real Estate Market Statistics




The real estate market in the City of Steamboat Springs continues to be strong. For the first six months of 2015, the number of transactions were 249 with is basically the same number of transactions for the first six months of 2014. Total sales volume was $134 million which down slightly (7%) from the same period of 2014.

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Yampa Valley Winter Update - 2014/2015




In the last ten months, the real estate market in the City of Steamboat Springs has shown great improvement. As compared to the first 10 months of 2013, total transactions have increased 13%, while total sales volume has increased by over $59 million or 27%. The market has seen increases in both numbers of transaction and average prices in all areas of the market including residential lots, condos/townhomes and single family homes.

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2014 Mid-Year Market Statistics




The Steamboat Springs market continues to slowly recover. According to statistics provided by the Steamboat Springs
Board of Realtors, the dollar volume sold for the first 6 months of 2014 increased nine percent to $203,211,000 from the
same time frame in 2013.

Along with increased sales, another bright spot in the market is the decline in inventory volume. From June 30, 2013 to
June 30, 2014 inventory dropped by over 18%, to $1,305,000,000. A reduction of inventory should result in a sign of price
stability in the market.


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2014 Annual Report and 2013 Statistics




During 2013 the Steamboat Springs market continued to show improvement. That trend is anticipated to continue in 2014. Total sales in the Steamboat Springs market were $811 million an increase of 13% over 2012. Inventory at the end of 2013 was at a five year low. This decreasing inventory is pushing some areas of the market to a point where buyers are facing a sense of urgency when looking at potential purchases. 2013 saw more single family homes sold in the City of Steamboat Springs than in 2012. In 2013, Colorado Group Realty continued to be involved with almost 25% of all real estate transactions in the market.

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Steamboat Springs Real Estate 2014 Annual Update Report


During 2014 the Steamboat Springs market rebounded strongly. Total sales for 2014 were just over $1 billion, an increase of over
30% from 2013. Inventory at the end of 2014 of $1.212 billion was slightly greater than inventory at the end of 2013 but still below
historical averages.

2014 saw significant increases in the sales of both single family homes and condos/townhomes, driving down inventory levels in both
of those market categories. Multiple offers and bidding wars have returned to some market segments.

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