Blog

Steamboat Springs Real Estate Market Report 2016

Steamboat Real Estate Market Report

Year-End Real Estate Market Report for Steamboat Springs, CO


Steamboat Springs Real Estate Market Report

NO DISAPPOINTMENTS WITH THE 2016 REAL ESTATE MARKET

2016 was the fifth best real estate market ever recorded for the Steamboat Springs Multiple Listing Service. 1,193 transactions posted (+10% over 2015) and nearly $618 million in dollar volume (+16% over 2015). Listings, which may be the Achilles Heel in the coming years, declined 6% from the prior year (1,447 in 2016), marking the market’s sixth straight drop.
With listings (supply)to decrease and purchases (demand) increasing, properties may experience added pricing pressure. This supply/demand dynamic (aka Absorption Rate) is supported in 2016 by the 8% average price increase to $534,000.
The path that the market has taken since 2008 has been improving at a fairly consistent rate. Although interest rates may be creeping up this year, they typically do not have a drastic impact on resort markets. Although they do impact entry level buyers where every point makes it more difficult to qualify.

The lack of vertical supply is going to be more of an issue in 2017 (and even in 2018). There are no new multi-family projects on the near horizon. Due to shorter supply and increased demand, expect the 2017 market to make a move to more of a seller’s market. And post 1,260 to 1,285 transactions with total dollar volume between $725m to $750m resulting in an average price increase to $575,000.

Download (PDF, 4.11MB)

Steamboat Springs Real Estate Market Report

Open House – Saturday, February 11, 2017 ~ 2-5pm

Image of houses for open house

Steamboat Springs Open House

Image of houses for open house

 

Saturday, February 11, 2017 ~ 2-5pm

Address: 2542 SKI TRAIL LANE, Steamboat Springs, COOpen House at 2542 Ski Trail Lane

$2,950,000

4 Bed / 4.5 Bath

4,844 Sq. Ft.

#161465

Directions: Mt. Werner Rd to Mr. Werner Circle, continue straight onto Après Ski Way and left onto Ski Trail Lane.


Address: 1055 ANGLERS DRIVE, Steamboat Springs, CO

image of 1055 ANGLERS DRIVE

$5,395,000

4+ Bed / 5+ Bath

6,541 Sq. Ft.

#170040

Directions: Hwy 40, Right on Anglers Dr, House is on Right (across from Rita Valentine Park).

 

Steamboat Real Estate Market Profile – December 2016


Percent changes calculated using year-over-year comparisons.

-28.6%

One-Year Change in Sold Listings All Properties

+27.5%

One-Year Change in Median Sales Price All Properties

-14.9%

One-Year Change in Active Listings All Properties

Residential real estate activity in zip codes 80487, 81639 and 80467, comprised of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures.

  • 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.
  • The Median Sales Price was up 27.8 percent to $660,000 for single family homes but decreased 7.8 percent to $341,000 for townhouse-condo properties.
  • Days on Market decreased 0.5 percent for single family homes and 1.6 percent for condo properties.

The overwhelming feeling about prospects in residential real estate for the immediate future is optimism. Real estate professionals across the nation are expressing that they are as busy as ever. There are certainly challenges in this market, like continued low inventory and higher competition for those fewer properties, but opportunities abound for creative and diligent agents prepared to put in the necessary amount of work.


Download (PDF, 306KB)

 

*Information is provided by the Steamboat Springs Board of Realtors

2016 Steamboat Sotheby’s International Realty Awards

The Boyd Team The Boyd Team

As one of the top real estate agents (and top real estate teams) in the Country, Cam Boyd and The Boyd Team were awarded Steamboat Sotheby’s International Realty’s highest honer, the Global Summit Award.

SSIR AGENTS RECEIVE HONORS

Many of the Steamboat Sotheby’s International Realty agents were recently recognized for their achievement and outstanding performance in 2016. The Awards Gala was held at The Chief Theater and is an annual event held each year to celebrate the achievements of the best real estate company in Steamboat Springs.

44 awards were giving out in all.

 

CIRCLE OF EXCELLENCE AWARD – $75K – $150K GCI

Carolyn Nickum
Cindy Rogers
Ivy Baker
Jack & Diane Carter
Marc Small
Meg Firestone
Ray Wright
Scott Eggleston
Steve Downs

PINNACLE AWARD – $150K-$300K GCI

Barkley Robinson
Chris Wittemyer
David Baldinger Jr.
Kathy Steinberg
Lisa Ruffino
Michelle Diehl
Peggy Garrett
Penny Fletcher
The Prestige Team

GLOBAL SUMMIT AWARD – Over $300K GCI

Adrienne Stroock & Barb Shipley
Arlene Zopf & The Zopf Team
The Boyd Team
Charlie Dresen
Cheryl Foote
Cindy MacGray
Colleen DeJong
Darlinda Baldinger & ChLoe Lawrence
Darrin Fryer & The Fryer Team
Doug Labor
Joan Conroy
The Olson Team
Ren Martyn
The Vanatta Group

ROOKIE OF THE YEAR

Linda Cullen
Melissa Fielding

BOOKIE OF THE YEAR  😉

Scott Eggleston

OUTSTANDING SERVICE

Jack & Diane Carter
Penny Fletcher

MOST LISTINGS TAKEN

Cheryl Foote

MOST TRANSACTIONS CLOSED

Cheryl Foote

OUTSTANDING PRODUCTION – Highest increase in GCI compared to 2015

Ren Martyn

TOP RESIDENTIAL SALE – 3055 Temple Knoll ($4.9M)

Darlinda Baldinger & ChLoe Lawrence
The Olson Team

TOP RANCH SALE – Emerald Ridge Ranch ($7M)

Ren Martyn

TOP PRODUCER – TEAM

Darlinda Baldinger & ChLoe Lawrence

TOP PRODUCER – INDIVIDUAL

Cheryl Foote

2017 Winter Carnival Poster

2017 Winter Carnival poster unveiled

On December 30, 2016, the 2017 Winter Carnival Commemorative Poster was unveiled at the Steamboat Springs Winter Sports Club’s annual Stars at Night Gala.

Steamboat Winter Carnival Poster

Steamboat Springs Winter Carnival Poster

The commemorative poster program, initiated and organized by Steamboat Sotheby’s International Realty, raised over $15,000 for the Steamboat Springs Winter Sports Club (SSWSC) in 2016, its inaugural year. The goal is to surpass that benchmark in 2017. 100% of the proceeds go directly to the SSWSC . The program was started as an vision and an effort to create a connection between Steamboat Sotheby’s International Realty’s local advocacy program with the Arts and athletics in Steamboat.

Chula Beauregard

This year, Steamboat Sotheby’s International Realty commissioned local artist Chula Beauregard to create a one-of-a-kind piece for the 2nd Annual Commemorative Poster Program. Chula’s oil-on-canvas creation, perfectly captures the essence of Winter Carnival and the excitement that the event brings to Steamboat Springs. It depictis the fireworks over Howelsen Hill during the Winter Carnival Night Extravaganza,

When Chula first set out to create the piece, she wanted to give her creativity the space that it needs to really flow. So, she didn’t narrow in on one specific theme. Instead, she created four different works, each portraying a different aspect of the spirit of Winter Carnival. Once the four pieces were presented to Steamboat Sotheby’s International Realty, Chula worked with SSIR to choose the one that best captured the essence of Winter Carnival. Including the color, vibrancy and excitement of Steamboat during the event.

Once the original artwork was created, Steamboat Sotheby’s International Realty Art Director Gretchen Coleman added the graphic elements to transform the art into a poster. The original piece, along with the first three limited edition, signed and numbered, framed prints were auctioned at the Stars at Night Gala, raising over $5000 for the SSWSC.

The presentation of the art at the Stars at Night Gala marks the beginning of the Winter Carnival Poster program. A limited number of framed, signed and numbered prints are available for purchase, and poster prints are also available. Prints will be available for purchase at Steamboat Sotheby’s International Realty’s three offices, as well as Lyon Drug, during the street events at Winter Carnival and at the Night Extravaganza on February 11, 2017.

 

 

From Article Features in The Steamboat Today:

Sotheby’s picks Chula Beauregard to create 2017 Winter Carnival poster art

— After commissioning the art for a Winter Carnival poster that raised $15,000 for the Steamboat Springs Winter Sports Club last year, Steamboat Sotheby’s International Realty is carrying on the tradition in 2017.

This year’s Winter Carnival poster art is by local artist Chula Beauregard, who put together four carnival-themed art pieces for a Steamboat Sotheby’s International Realty committee to choose from. The favored piece of art is an oil on canvas piece that depicts a crowd watching a stream of lights make its way down Howelsen Hill as fireworks shoot off into the sky.  “Her work is very traditional oil and canvas but also incorporates a lot of color,” said Traci Smith, director of marketing for Steamboat Sotheby’s International Realty. “We looked at all four paintings, and we chose the one that best fit the spirit of Winter Carnival for a poster to put out there.”

Beauregard said she first did a Winter Carnival themed series of paintings in 2012 and 2013, and enjoyed revisiting the ideas now with her more perfected technique. “When I did that series a few years ago, I was trying to capture the culture of Steamboat,” Beauregard said. “Winter Carnival is really the heart and soul of Steamboat, it’s such an all encompassing event”

Smith said, historically, there were Winter Carnival posters created for the event each year, and the realty company is looking forward to continuing the dropped tradition in the coming years. Last year’s commissioned poster art was created by Jill Bergman. For this year’s poster, Smith sought out local artists during First Friday Artwalk events and invited those interested to submit a piece of carnival-themed art.

Beauregard’s original artwork was auctioned Friday during the Stars at Night fundraiser, raising $3,250 for the Steamboat Springs Winter Sports Club. Thirty limited edition, signed, numbered and framed prints of the poster will be sold by Sotheby’s for $300 a piece, with all proceeds going to the Winter Sports Club. Poster prints are expected to go on sale next week for $10 each.

Last year, the poster project garnered $15,000 for the club, and Steamboat Sotheby’s is hoping to surpass that amount with sales from this year’s posters.

The Steamboat Springs Winter Sports Club is grateful for the time and resources given by Steamboat Sotheby’s for the project, said Lane Malone, the Winter Sports Club’s director of development. “There is a great synergy in this creative collaboration to support youth, athletics and the arts in Steamboat Springs,” Malone said.

Smith said the posters are a fitting project for the realty company to sponsor. “It’s a great way to do something fun for the community,” Smith said.

To purchase a framed, limited edition print, contact Smith at 970-879-8100 or email [email protected]. Poster prints will be available next week at Lyon Drug or any Steamboat Sotheby’s location.

The 104th annual Steamboat Springs Winter Carnival takes place Feb. 8 to 12.

Open House – Edgemont

We will be having an open house on Sunday at Edgemont

2410 SKI TRAIL LANE #2506, Steamboat Springs, Colorado

Open 2 – 5 pm on Sunday January 8

  • $1,279,000
  • #162024
  • 1,468 SQ FT
  • 2 BEDROOMS
  • 2 BATHS
  • SKI-IN/SKI-OUT

HOSTED BY RALPH WALTON 970.846.3297

DIRECTIONS
Take Mt. Werner Rd to Mt. Werner Circle. At the traffic circle continue straight onto Apres Ski Way, turn left onto Ski Trail Lane, and Edgemont will be on your left.

Open House Edgemont

 

www.SlopesideEdgemont.com

 

Steamboat Real Estate Market Profile – November 2016


Percent changes calculated using year-over-year comparisons.

+43.4%

One-Year Change in Sold Listings All Properties

-16.6%

One-Year Change in Median Sales Price All Properties

-12.9%

One-Year Change in Active Listings All Properties

Residential real estate activity in zip codes 80487, 81639 and 80467, comprised of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures.

  • 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.
  • The Median Sales Price was down 14.5 percent to $470,000 for single family homes and 6.3 percent to $329,000 for townhouse-condo properties.
  • Days on Market decreased 5.3 percent for single family homes and 32.4 percent for condo properties.

Financial markets were volatile in the days surrounding the presidential election, but they self-corrected and reached new heights soon after. Long-term indicators of what it will be like to have a real estate developer for a president remain fuzzy, but the outcome is not likely to be dull. Prior to the election, trend shift was hard to come by, and unemployment rates have not budged since August 2015. Post-election, mortgage rates are up and so are opinions that a trend shift is likely in the near future.

Download (PDF, 294KB)

Open House – 2542 Ski Trail Lane

Open House

Saturday November 26, 2016 from 1-4pm

The Ledges

2542 Ski Trail Lane, Steamboat Springs, CO

BEDS: 4

BATHS: 4.5  | SQ FT: 4,844

TYPE: Townhouse

YEAR BUILT: 2007

 

loeb_2colx3inch__1-21-16

 


DIRECTIONS: Take Mt. Werner Rd to Mr. Werner Circle, continue straight onto Après Ski Way and left onto Ski Trail Lane.


Ski-in/ski-out from this luxurious townhome situated high up the Steamboat Ski Area right alongside the Silver Bullet gondola. Nestled in the aspens and pines with beautiful views of the valley below, this warm and inviting home features 4 en-suite bedrooms with over 4,800 square feet of living space. Exceptionally crafted by custom home builders, Habitat Design & Construction, the home was built with impeccable finishes and high-end features to create this mountain getaway. The main level offers an expansive vaulted great room anchored by a large stone fireplace and wrought iron chandelier, adjacent formal dining room, and gourmet kitchen. The gourmet kitchen is fit for a chef offering granite counters, multiple sinks, large pantry, and stainless steel appliances. Steps away sits the master suite that boasts a 2-sided fireplace leading to an attached master bathroom with soaking tub, walk-in closets, separate his & her sinks, and steam shower. An upper loft overlooks the great room with an office space and sitting area. The lower level is perfect for entertaining with a media/ family room and bar. This ½ duplex lives like a single family home with no HOA fees and offers extras such as an elevator, air conditioning, heated walkways, and laundry on each level. Start your ski day off in the ski locker room then walk up the short walkway and step into your skis for easy access to Lower Valley View run. To top it off, the wrap-around deck and terraces open to panoramic views of the valley where you can enjoy your après-ski while soaking up the breathtaking sunsets.

Penthouse Priced Right

New Price

$1,395,000

Revel in this five bedroom luxury penthouse offering 5,175 square feet of living space in the masterful architectural design of the Atriums at EagleRidge. Rarely available with only 7 units in the complex, it is a special place and within walking distance to the Ski Area. Perched high above the valley, this home offers incredible views of Mount Werner, South Valley, Emerald Mountain, and the Flat Tops which are framed in almost every window. Each floor offers custom finishes and elevator access for easy travel between levels. In the construction and remodel of this home, no detail was overlooked. Elegance exudes upon entering the open great room which includes a wall-to-wall stone fireplace, cherry wood floors, built-in wet bar, and covered terrace with outdoor grill. The dining area would win an award for the room with the most spectacular panoramic views of the valley. The kitchen is the gourmet chef's dream with granite counter tops, Sub Zero refrigerator/freezer, Bosch dishwasher, warming drawer, and Viking 6-burner range and double ovens. Head upstairs to the private master suite occupying an entire level and bask in serenity with a large, bright and sunny sitting area, expansive stone fireplace, walk-in closet, and private terrace with Mt. Werner views. The master bath boasts an oversize jetted tub, steam shower, and sauna to reach the pinnacle of relaxation. Two more en-suites & two guest bedrooms can be found on the lower levels each providing the utmost comfort for family and guests. The lower level incorporates a media/ family room with bar area, beverage refrigerator, leather sleeper sofas, large storage closet, and access to the mudroom and garage. A private garage allows for 2 deeded parking spots as well as access to the large community indoor garage with locked storage area. Three covered terraces and a private courtyard offer outdoor living spaces during the warmer months. Amenities include a pool, hot tub and exercise room. Privacy is insured with a gated entrance and on-site building manager at your beck and call adding to this truly unique find in Steamboat Springs.

Livning Room - Atriums at EagleRidge, #30

Request More Information






Major Price Reduction

42105 RCR 44

Big Price Reduction

$3,195,000 • Price dropped by $405,000

Find your sanctuary on over 151 acres with approximately 1/3 mile of both sides of Elk River and streams providing world class fishing. Bordering Marabou Ranch, this is the perfect fishing and horse property allowing the owner use of a corral, historical barn, and outbuilding for equipment storage. Productive hay meadows also add to the charm allowing the owner to produce their own feed for horses and cattle and to maintain agricultural status. The leveled building area is ready for new construction and the property's multiple water rights allow for the incorporation of water features and landscaping possibilities for your new home. This property has been approved for the construction of a lake/pond to add even more fishing opportunities for the avid outdoors person. This parcel is also home to sandhill cranes, ducks, geese, migrating shore birds, bald eagles, deer, and elk for the ultimate wilderness escape. Enjoy captivating views of the upper Elk River Valley to Sleeping Giant, excellent water rights, and numerous springs from the rare land opportunity.

Request More Information