Steamboat Springs Real Estate Market

Steamboat Real Estate Market Profile – December 2016

Percent changes calculated using year-over-year comparisons.

One-Year Change in Sold Listings All Properties
One-Year Change in Median Sales Price All Properties
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.

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*Information is provided by the Steamboat Springs Board of Realtors

Steamboat Real Estate Market Profile – November 2016

Percent changes calculated using year-over-year comparisons.

One-Year Change in Sold Listings All Properties
One-Year Change in Median Sales Price All Properties
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.

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Monthly Indicators – September 2016

Percent changes calculated using year-over-year comparisons.

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.
In general, today's demand is driven by three factors: Millennials are reaching prime home-buying age, growing families are looking for larger homes and empty nesters are downsizing. However, intriguingly low
interest rates often prompt refinancing instead of listing, contributing to lower inventory. Recent studies have also shown that short-term rentals  are keeping a collection of homes off the market.

One-Year Change in Sold Listings All Properties
One-Year Change in Median Sales Price All Properties
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.

Market Snapshot October 2016

Steamboat Springs Real Estate

Market Snapshot


657     ▲3%


1476     ▼-5%


$367K     ▲8%


$377M     ▲22%


465 Tamarack Dr B-107
1320 Athens Plaza
2883 Burgess Creek Rd
#205 620 Anglers Dr
1300 Athens Plaza
1920 Ski Time Square Dr #404
2355 Storm Meadows Dr
2275 Storm Meadows Dr #54
2305 Storm Meadows Dr
2470 Apres Ski Way
9 Hemlock Ct
1375 Walton Creek Rd
2515 Apres Ski Way #4
1805 River Queen Ln #205
2300 Mt Werner Cir #631
2160 Mt Werner Cir #3225
2275 Storm Meadows Dr
40 Cypress Ct
3335 Columbine #901
37505 Saddle Mountain Dr
2800 EagleRidge Dr
2215 Storm Meadows Dr
2700 Village Dr
2619 Apres Ski Way #3
31755 Red Stag Ln
2545 Cattle Kate Cir #3206
1169 Hilltop Parkway
2025 Walton Creek Rd
1439 Morgan Ct #506
500 Anglers Dr
1480 Morgan Ct #1702
1424 Morgan Ct
26755 US Highway 40
525 Eaglepointe Ct
580 Anglers Drive #204
2650 Medicine Springs Dr #6
14780 Highway 40
2339 Abbey Ct
1995 Storm Meadows Dr #401
2617 Burgess Creek Rd A204
1695 Ranch Road #506
421 Cherry Dr
3109 Mariah Ct
1680 Ranch Road#210
3095 Aspen Leaf Way
3400 Covey Cir
3333 Apres Ski Way
649 Clermont Cir
595 Hilltop Parkway
36895 Tree Haus Dr
437 Willett Heights Ct
1225 Meadowood Ct
34630 Country Green Rd
1261 Harwig Cir
1556 Moraine Cir
29875 County Rd 35A
237 Hill Street
2917 Mountaineer Cir
1805 Fish Creek Falls Rd
700 Yampa A403
1925 Cimarron Cir
1495 Eagle Glen Dr
1236 Ridge View Dr
1222 Anglers Dr
431 Pine Street
1825 Clubhouse Dr
2774 Burgess Creek Rd
1965 Trollhaugen Ct
24785 Bench Ln
3095 Aspen Wood Dr
41850 Double Buck Tra
2555 Wildflower Court

9/1/16 - 9/31/16


In The News – End of September 2016

National News

Your First Home Might Be Your Last

(Bloomberg, 9/26/16)

The challenges that first-time homebuyers face in the U.S. housing market has been the cause of some concern over the past few years, amid slow income growth, fast price appreciation in parts of the country, and doubts that millennials want to buy a home in the first place.  Read More

The Mysterious Disappearance of Repeat Home Buyers

(, 9/26/16)
A lot of ink has been spilled over the woes of first-time home buyers struggling to save up for a down payment while paying off student loan debt, securing a mortgage in an age of sky-high credit scores, and then finding an abode they can afford at a time when the lack of properties on the market is driving prices to new heights.  Read More

New Housing Data Points to Market Contradictions

(National Mortgage Professional Magazine, 9/26/16)
The latest numbers related to housing appear to show a market in a slight state of confusion, with one report citing slumping sales and two reports offering different conclusion on whether home prices are rising or falling.  Read More

Seasonal Housing Slowdown

(Forbes, 9/27/16)
Many local markets have been red-hot. A home seller might be tempted to wonder what is wrong with their home or REALTOR® if a buyer is not found in a month. Throughout this past summer, nearly half of homes listed found a willing buyer within a month: the median days on market nationally was 34 days from April to August. The pace was faster in the Pacific Northwest and a bit slower in the New England states, but this broadly brisk rate of sales will not last because autumn is here and winter is ahead.
Read More

No Surprise: Home Prices Up Again

(National Mortgage Professional Magazine, 9/27/16)
The latest data for the S&P CoreLogic Case-Shiller Indices is a continuation of a trend that is showing no signs of abating: U.S. home prices are on what appears to be a non-stop ascension.  Read More

‘Massive’ shortage of appraisers causing home sales delays

(CNBC, 9/27/16)
Housing demand is rising rapidly, but a key cog in the wheel to homeownership is in deep trouble. The people most needed to close the deal are disappearing. Appraisers, the men and women who value homes and whom mortgage lenders depend upon, are shrinking in numbers.  Read More

Housing Market Catches a Second Wind

(MReport, 9/27/16)
Despite sitting at a considerably lower rate than at this time last year, demand for housing appears to be on its way up, according to data released by Redfin on Tuesday.  Read More

Some of America’s Hottest Housing Markets Are Cooling Off

(Bloomberg, 9/28/16)
The red-hot growth in home prices across the U.S. West is starting to slow in some cities as sticker shock and low inventory put off weary buyers.  Read More

Mortgage Applications and Rates Take a Drop

(National Mortgage Professional Magazine, 9/28/16)
It was a weak week for mortgage applications, according to the latest Mortgage Bankers Association Weekly Mortgage Applications SurveyRead More

Yellen on Capitol Hill: No Timetable on Rate Hikes

(National Mortgage Professional Magazine, 9/28/16)
Janet Yellen has assured Congress that the Federal Reserve is not operating on a “fixed timetable” when it comes to determining when to initiate rate hikes.  Read More

The New Face of Immigration Is Changing the Housing Market

(Bloomberg, 9/29/16)
The twin shortages plaguing the U.S. in 2016 — a shortage of cheap service labor, and a shortage of affordable housing — are products of the same little-noticed trend: For decades, the education level of immigrants has been rising.   Read More

Lack of Affordable Homeownership at Seven-Year High

(National Mortgage Professional Magazine, 9/29/16)
Twenty-four percent of U.S. county housing markets were less affordable than their historic affordability averages during the third quarter, according to the Third Quarter Home Affordability Index report from ATTOM Data Solution. This newly recorded level marks a 22 percent increase from the second quarter and a 19 percent increase from one year ago—and it is also the highest level recorded since the third quarter of 2009. Read More

Commercial real estate prices are back to pre-crash highs but transactions are falling

(Yahoo, 9/29/16)
Commercial real estate transactions took a huge hit in August.  Read More

Local News

Once called America’s “most perfectly planned community,” Northglenn is again looking good to buyers

(Denver Post, 9/24/16)
Thank location, millennial buyers and affordability for making the 80233 ZIP one of the hottest U.S. real estate markets. Read More

Front Range real estate market feeling burn of appraiser shortage

(Denver Post, 9/24/16)
Home appraisals are taking longer to complete and costing more, and that is vexing home buyers, mortgage borrowers, real estate agents and loan officers along the northern Front Range.  Read More

Brokers report active luxury market in Steamboat Springs

(Steamboat Homefinder, 9/25/16)
Local real estate brokers have noticed an uptick in the region’s luxury market, including a boost in the number of homes sold for more than $2 million this year.  Read More

2 of America’s hottest ZIP codes for home sales are in Colorado

(Denver Business Journal, 9/26/16)
Two of America’s top four ZIP codes for “hottest” real estate markets are in Colorado, according to a new report.  Read More

Denver home prices continued to rise in July amid slowing national market

(Denver Post, 9/27/16)
While Denver’s housing market shows signs of leveling off, its home prices continue to rise at a pace slower only than Portland, Ore. and Seattle.  Read More

Colorado Springs and Denver tops for super-sized homes

(Denver Post, 9/27/16)
Provo, Ogden and Salt Lake City in Utah lead among metro areas for having the highest concentration of homes with eight or more rooms. Not entirely unexpected give the emphasis the Mormon faith places on raising large families.  Read More

Foreclosure picture continues to improve in Colorado Springs

(Gazette, 9/28/16)
Colorado Springs’ foreclosure rate continues to fall.  Read More

Colorado’s share of millennials living with parents beats the national average

(Denver Post, 9/28/16)
Like millions of Americans in less-than-ideal living arrangements, Rebecca Treon has tried to focus on the positive aspects of moving back in with her mother for the first time since she was a teenager.
Read More

Area home sales steady, prices up through summer

(Post-Independent, 9/29/16)
The usually busy summer home sales season in Garfield County saw some ups and downs, but the overall trend is encouraging, according to area real estate observers.  Read More

Monthly Indicators – July 2016


July 2016

Percent changes calculated using year-over-year  comparisons.
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.


Low housing supply has already prevented an outright national boon in sales activity, despite a continuation of near record-low mortgage rates and an unemployment rate under 5.0 percent deep into 2016. The issue is not purchasing power. Many areas are falling behind last year’s closed sales totals simply because of lack of available inventory. As this continues, higher prices may put a deeper squeeze on the current buyer pool.


Activity Snapshot

– 14.3%+ 12.6%– 23.8%
One-Year Change inOne-Year Change inOne-Year Change in
Sold Listings All PropertiesMedian Sales Price All PropertiesActive 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.


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Single Family Market Overview










YTD 2015


YTD 2016




New Listings6739-41.8%411372-9.5%
Pending Sales5537– 32.7%265259– 2.3%
Sold Listings4937– 24.5%223233+ 4.5%
Median Sales Price$298,000$292,500– 1.8%$317,000$339,500+ 7.1%
Average Sales Price$373,412$350,604– 6.1%$425,416$429,093+ 0.9%
Pct. of List Price Received96.3%96.0%– 0.3%95.7%96.5%+ 0.8%
Days on Market165129– 21.8%176154– 12.5%
Housing Affordability Index120127+ 5.8%113109– 3.5%
Active Listings341279– 18.2%
Months Supply9.57.5– 21.1%



Townhouse-Condo Market Overview










YTD 2015


YTD 2016




New Listings            6739-41.8%411372-9.5
Pending Sales5537– 32.7%265259– 2.3%
Sold Listings4937– 24.5%223233+ 4.5%
Median Sales Price$298,000$292,500– 1.8%$317,000$339,500+ 7.1%
Average Sales Price$373,412$350,604– 6.1%$425,416$429,093+ 0.9%
Pct. of List Price Received96.3%96.0%– 0.3%95.7%96.5%+ 0.8%
Days on Market165129– 21.8%176154– 12.5%
Housing Affordability Index120127+ 5.8%113109– 3.5%
Active Listings341279– 18.2%
Months Supply9.57.5– 21.1%



Steamboat Market - New LIstings

New Listings


Single Family


Percent Change


Townhouse –Condo


Percent Change



Pending Sales

Pending Sales


Single Family


Percent Change


Townhouse- Condo


Percent Change



Sold LIstings

Pending Sales


Single Family


Percent Change


Townhouse- Condo


Percent Change





Read the entire report here

Download (PDF, 333KB)


Steamboat Springs Market Analysis – February 2016

Steamboat Springs Market

Steamboat Springs Market Report

February 2016

 ~ February was another good month.  There were $32.3M in Gross Sales - up 99.45% compared to last February and up by 40.98% year to date!  Transactions were up 28.57% compared to last February with 63.  That puts us up 16.67% YTD.  

There were 3 New Unit sales in February and 9 upper end sales. 

Snapshot values are starting as follows:

Average Sales Prices:
Single Family +20%
Multi Family +24%
Vacant Land -47%

February had 87 Deed of Trust recordings, with 52% of purchasers closing with financing at the time of sale and 48% of purchasers closing with cash.  

Steamboat Springs Real Estate Report - Full Report

Steamboat Springs Real Estate Report - Two Page Synopsis

Please note that the content of this report is from actual recorded transactions at the County Clerk and Recorder's office for each particular month.  The information is not directly related to MLS data. 

Steamboat Sotheby’s International Realty Resort Report – Year End 2015

Steamboat Sotheby’s International Realty

Resort Report Year-End 2015


Steamboat Springs, CO

Steamboat Springs, CO

Resort communities throughout Colorado, the western United States and around the world are prone to unique, heavily saturated luxury markets. Often found in desirable, slightly less accessible locations than national mainstream markets, resort markets tend to have a greater density of luxury offerings as higher net worth individuals are often drawn to them based on their exclusivity and proximity to world class activities year round.

Steamboat Sotheby’s International Realty compiles data from 12 prominent resort communities throughout the western half of the United States in order to provide you quick statistics for each resort area, keeping you up-to-date on the overall housing market in each area, and providing pertinent information in making buying and selling decisions.

Resort Report

Seasonality, location, and employment opportunities drive the inventory of affordable homes down and most pricing within resort communities up.

Resort Report

The famous Colorado Rocky Mountains, combined with the vast offerings of the western United States, continue to position the United States as one of the leading resort community destinations worldwide.

Resort Report

With the increasing desire for lifestyle-inspired home purchases, the resort community market will continue to rise.

steamboat springs, colorado

Deep in history and long in legend, the mountain community of Steamboat Springs is a true-grit, family oriented, western town. Its friendly faces, picturesque setting, world-class amenities and healthy climate provide a rewarding environment for all to enjoy. From working cattle and horse ranches to quaint downtown bungalows, or elegant slope side condominiums, residents enjoy the Steamboat Springs unique lifestyle in a variety of different ways all four seasons of the year.

January through December20142015% Change
Average Price$584,329$597,1092.2%
Average Price per Square Foot$294$3033.1%
Average Days on Market1882059.0%
Highest Price$5,700,000$7,000,00022.8%
Lowest Price$38,500$72,00087.0%
Number of Properties Sold6236351.9%
% Sold Price to List Price  94.0%95.0%1.1%
Total Dollar Volume Sold  $364,037,028  $379,164,3504.2%
Image of Downtown Steamboat Springs

“The Steamboat Springs real estate market improved in every segment of the market in 2015, with the most significant improvement in one of the categories Steamboat is best known for – land, where activity increased a substantial 25% over 2014. Equally impressive is an 11% increase in condo transactions. With the excitement of the downtown and ski village revitalization efforts now taking shape, it is only natural to expect the real estate market in Ski Town, USA, to continue on its upward path.” – Doug Labor, Downtown General Manager/Associate Broker at Steamboat Sotheby’s International Realty

breckenridge, colorado

Image of downtown Breckenridge

 “2015 continued to offer healthy growth in Summit County, with a 26% increase of total dollar volume sold compared to 2014. Our number of properties sold also grew by nearly 16% in the same time frame. Summit County offers a unique appeal to our second-home owners offering four world-class ski areas including Breckenridge, Keystone, Copper Mountain and A-Basin – only 90 minutes from Denver.” – Melanie Frank, VP and Managing Broker at LIV Sotheby’s International Realty

Breckenridge has long been celebrated, not only for its world-class skiing, but also for its friendly laid-back character. From quaint Victorian bungalows to incredible shopping, dining, concerts and outdoor activities, the town offers an approachable, vibrant charm in every season. Breckenridge embodies the stunning beauty and laid back atmosphere of living in a Colorado ski town. Neighboring ski towns such as Keystone, Copper and Frisco offer year-round recreation with close proximity to Denver.

Single Family Homes and Condos
Summit County: Breckenridge, Keystone, Copper, Frisco, Dillon, Silverthorne

January through December20142015% Change
Average Price$524,297$570,9008.9%
Average Price per Square Foot$326$3548.6%
Average Days on Market194175-9.8%
Highest Price$3,640,593$3,900,0007.1%
Lowest Price$60,000$95,00058.3%
Number of Properties Sold1,6361,89515.8%
% Sold Price to List Price 96.0%97.0%1.0%
Total Dollar Volume Sold $858,135,960$1,081,855,01126.1%

aspen, colorado

Aspen encompasses 3.66 square miles on a relatively flat valley floor, and is surrounded on three sides by Aspen Mountain, Smuggler Mountain and Red Mountain. Located along the upper Roaring Fork River and White River National Forest, Aspen enjoys the very best of the Rocky Mountains. An internationally renowned resort, Aspen offers the ultimate in dining, shopping, cultural activities and year-round recreation of every sort.

Single Family Homes and Condos

January through December20142015% Change
Average Price$3,715,308$3,959,7296.6%
Average Price per Square Foot$1,161$1,2487.4%
Average Days on Market278251-9.7
Highest Price$26,000,000$29,500,00013.5%
Lowest Price$107,000$97,973-8.4%
Number of Properties Sold264251-4.9%
% Sold Price to List Price 91.8%90.0%-2.0%
Total Dollar Volume Sold  $980,841,212$1,164,160,31418.7%
Image of Downtown Aspen, Colorado

“The ultra-luxury end of the Aspen real estate market ($10M+) posted its strongest year ever in 2015 and there continues to be a shortage of inventory for contemporary and new construction properties at all price points. Perhaps the very early signs of the market finding some upward price resistance has manifested in the form of rising inventory for the first time since the recession, although the ratio of sale-to-list price continues to tighten and has exceeded 95% for the first time since 2008 in some segments of the market.” – Andrew Ernemann, Broker Associate at Aspen Snowmass Sotheby’s International Realty

telluride, colorado

Image of Downtown Telluride, Colorado

“2014 was the best year on record since 2007 with the influence of a constrained supply of inventory throughout the market. We have seen a minor decrease in volume and average sold price in 2015, which is not an unusual trend to see. I am feeling positive about the increased interest in higher end properties in the region.” – Nels Cary, Broker/Owner of Telluride Sotheby’s International Realty

Telluride is located in the Southwest corner of Colorado in the San Juan Mountains. Born as a mining town, Telluride eventually became notorious in the early 70’s for its white gold- the construction of its first ski lifts. This quiet resort area is famous for its world class skiing, golf, festivals, luxurious hotels and residences. Known for its natural beauty and abundance of outdoor activities Telluride has seen increased growth over the last decade, while keeping the character of its boisterous mining era nature.

Single Family Homes and Condos

January through December20142015% Change
Average Price$1,206,948$1,149,376-4.8%
Average Price per Square Foot$543$5674.3%
Average Days on Market425364-14.4%
Highest Price$9,300,000$14,000,00050.5%
Lowest Price$137,700$135,000-2.0%
Number of Properties Sold299278-7.0%
% Sold Price to List Price91.4%93.4%2.2%
Total Dollar Volume Sold $360,877,401$319,526,614-11.5%

vail valley, colorado

Vail Valley is an iconic example of luxurious alpine villages among the breathtaking Rocky Mountains. Vail Mountain boasts one of the largest and most popular ski destination resorts. Just West of Vail is the ski resort of Beaver Creek which hosts the annual “Birds of Prey” World Cup, and recently the 2015 FIS Alpine World Ski Championships. Its intimate village core has world-class dining, shopping, and fine art galleries. Vail Valley residents and visitors can also spend their time on the greens. Cordillera has it all with over 7,000 acres of mountain top splendor, four golf courses, and private Eagle River fishing.

Single Family Homes and Condos

Eagle County: Vail, Beaver Creek, Edwards, Bachelor Gulch, Cordillera, Avon

January through December20142015% Change
Average Price$1,121,484$1,085,744-3.2%
Average Price per Square Foot$446$4552.0%
Average Days on Market175151-9.7
Highest Price$19,000,000$15,750,000-17.1%
Lowest Price$102,000$130,00027.5%
Number of Properties Sold1,1531,2639.5%
% Sold Price to List Price 93.7%94.0%0.3%
Total Dollar Volume Sold  $1,293,071,186$1,371,294,1696.0%
Image of Downtown Vail, Colorado

“The overall real estate market has been very consistent in 2015. Gross sales have increased 6%, and days on market have dropped from 175 to 151, a reduction of 14%. Additionally, we have remained steady with the percentage of sold price to list price at 94%. We are optimistic that similar trends will be experienced in 2016.” – Dan Fitchett Jr., Managing Broker at LIV Sotheby’s International Realty

lake tahoe, california

Image of Lake Tahoe, California

“We are very optimistic about sales growth for all the Nevada and California markets we cover, as continued snowfall in the new year fuels demand for ownership. 2015 earmarked the most significant growth in new home construction in over a decade with hundreds of new builds recorded in North Lake Tahoe, South Lake Tahoe and Truckee. End-of-year statistics combined with an uptick in luxury sales at the onset of 2016 suggest that Sierra Sotheby’s International Realty is on target for a monumental year.” – Peter Strand, President of Sierra Sotheby’s International

Recognized for world-class skiing, year-round outdoor recreation and unsurpassed natural beauty, Lake Tahoe is considered the jewel of the High Sierra. The lake itself is known for the clarity of its water and the
panorama of surrounding mountains on all sides. At 6,229 feet above sea level, Lake Tahoe is the highest lake of its size and the second deepest in the United States. Voted “Best Lake In America” by USA Today and named “Best Summer Lake Town” by NBC News, Lake Tahoe has an average of 300 days of sunshine and is surrounded by more than a dozen ski resorts, each with their own distinct mountain flavor and appeal.

Single Family Homes and Condos

January through December20142015% Change
Average Price$1,420,821$1,349,119-5.0
Average Price per Square Foot$569$528-7.2%
Average Days on Market15217011.8
Highest Price$7,050,000$8,950,00027.0%
Lowest Price$120,000$171,50042.9%
Number of Properties Sold240181-24.6%
% Sold Price to List Price95.0%96.0%1.0%
Total Dollar Volume Sold $340,997,136$244,190,549-28.4%

crested butte, colorado

Crested Butte is a true mountain town with an easy-going attitude and a lifestyle that you simply don’t find every day. Crested Butte is a must see with plenty of festivals, events and outdoor activities year round. Crested Butte’s steep skiing terrain and endless miles of mountain biking trails just scratch the surface of what there is to do. Hiking, world class fishing, camping, outdoor festivals, music events, Nordic skiing, snowmobiling, snowshoeing and so much more await. Visit Crested Butte to see why this place is a true Colorado gem at a reasonable value.

Single Family Homes and Condos

January through December20142015% Change
Average Price$481,790$562,50116.8%
Average Price per Square Foot$261$2838.1%
Average Days on Market265245-5.3
Highest Price$3,900,000$4,000,0002.6%
Lowest Price$44,900$42,500-5.3%
Number of Properties Sold264245-7.2
% Sold Price to List Price 91.9%93.6%1.9%
Total Dollar Volume Sold  $127,192,590$137,812,9098.3%
Image of Downtown Crested Butte, Colorado

 “As we reflect on 2015, it was exceptional with consistent growth throughout the year. Our overall market grew 9% over 2014 with ‘pocket’ markets exceeding all expectations. Land sales increased 56%. We are seeing a healthy diverse population increase with our fall school enrollment up by 50 new students. Crested Butte has become a healthy year round community with summer actually surpassing our winter business.” – Cathy Benson, Broker/Owner of Benson Sotheby’s International Realty

park city, utah

Image of Park City, Utah

“The Park City resort market remains very complex and segmented by micro-location and price point. While the number of closed transactions was flat, the “Vail Affect” sparked greater interest which drove up the median sold price. It is anticipated that there will continue to be a shortage of inventory, which will fuel moderate increases in price and a reduction in overall days on the market.” – Thomas Wright, President of Summit Sotheby’s International Realty

Park City is a unique combination of easy access and remote appeal. Park City’s turn-of-the-century character, as established by silver miners of old, is alive and well. This year-round haven offers world class skiing, endless recreational opportunities, and a calendar full of concerts and events. Home to the Sundance Film Festival, the United States Ski Team, the 2002 Olympic bobsled/skeleton/luge track and golf courses.

Single Family Homes and Condos

January through December20142015% Change
Average Price$1,008,677$1,085,5337.6%
Average Price per Square Foot$366$3731.9%
Average Days on Market11990-24.4%
Highest Price$12,500,000$12,750,0002.0%
Lowest Price$49,400$82,00066.0%
Number of Properties Sold1,1601,1932.8%
% Sold Price to List Price95.6%96.7%1.2%
Total Dollar Volume Sold $1,170,065,521$1,295,041,15910.7%

big sky, montana

Big Sky, Montana is a world-class Rocky Mountain community, a hidden outdoor playground, and a magical year-round mountain destination for families, couples, and groups. It’s home to the biggest skiing in America, with the most ski-able terrain in the U.S. with two inter-connected world-class ski resorts, the Gallatin River, with whitewater rafting and blue ribbon trout fishing, and numerous lodging and dining opportunities, from guest ranches to mountain homes. Minutes to Yellowstone National Park.

Single Family Homes and Condos

January through December20142015% Change
Average Price$866,374$777,989-10.2%
Average Price per Square Foot$283$31210.2%
Average Days on Market197184-6.6%
Highest Price$17,000,000$9,825,000-42.2%
Lowest Price$37,000$82,500123.0%
Number of Properties Sold251203-19.1%
% Sold Price to List Price91.4%95.4%4.3%
Total Dollar Volume Sold $217,460,013$157,931,951-27.4%
Image of Big Sky, Montatna

“Buyer interest is high in Big Sky however, after years of no new development, a lack of quality inventory in all segments of the market has left Buyers frustrated. The very high-end homes ares elling and there are over 100 homes now under construction valued from $5M. 2015 statistics show that while interest is up the total sales volume of built product was slightly less than in 2014, the total number of sales was lower and the average sales price was also lower. Something of note is that lot sales doubled in 2015.”– Cathy Gorman, Broker/Owner at Big Sky Sotheby’s International Realty

jackson hole, wyoming

Image of Jackson Hole, Wyoming

“Sales volume in the Jackson Hole market surged 29% vs. 2014 on a 4% increase in unit volume, our best year since the peak year of 2007. In the Town of Jackson, sales volume nearly doubled rising 97% while Teton Village reported an increase of 62%. Single family homes were the focus of buyers in 2015 as volume rose 45% on a 16% rise in units sold. In particular, unit sales of properties priced over $5 million jumped 171% to 19 units and sales volume tripled rising 206%. Under $5 million, sales volume rose 11% and unit volumes 10%.” – Leonard Kleiman, Manager of Operations at Jackson Hole Sotheby’s International Realty

The Jackson Hole region sits at the base of the Tetons in western Wyoming. The beautiful and rugged landscape is epitomized by neighboring Grand Teton and Yellowstone National Park and is iconic of the American West. The region is home to both the Jackson Hole Mountain Resort and Grand Targhee Resort, which are consistently ranked among the top ski resorts in North America for terrain and snowfall. The town of Jackson is home to a thriving art, entertainment and cultural scene that belies its small size. World-class outdoor recreation and adventure opportunities exist for all levels regardless of the season.

Single Family Homes and Condos

January through December20142015% Change
Average Price$1,169,418$1,534,59131.2%
Average Price per Square Foot$517$62019.9%
Average Days on Market239203-15.1%
Highest Price$11,500,000$20,500,00078.3%
Lowest Price$99,000$220,000122.2%
Number of Properties Sold3553868.7%
% Sold Price to List Price88.7%90.5%2.0%
Total Dollar Volume Sold $415,143,368$592,351,98942.7%

santa fe, new mexico

Recognized worldwide for its natural beauty, relaxed lifestyle, diverse culture, vibrant culinary and art scene, unique architecture, and abundance of recreational options, there is no place quite like Santa Fe. Known as “The City Different”, Santa Fe encourages a range of pursuits including golfing, biking, skiing, rafting, and hiking, to dining out in one of town’s many acclaimed restaurants; taking in one of the open-air productions of the world-renowned Santa Fe Opera; and exploring shops, galleries, and museums. With clear blue skies and crisp fresh air, a visit to Santa Fe offers no limit to rejuvenation, recreation, and culture.

Single Family Homes and Condos

January through December20142015% Change
Average Price$430,951$425,001-1.4%
Average Price per Square Foot$213$2318.5%
Average Days on Market172162-5.8%
Highest Price$4,450,000$3,500,000-21.3%
Lowest Price$29,900$27,500-8.0%
Number of Properties Sold1,8191,9718.4%
% Sold Price to List Price86.0%87.0%1.2%
Total Dollar Volume Sold $783,901,364$837,678,3906.9%
Image of Sante Fe, New Mexico

“The real estate market in Santa Fe throughout 2015 showed a continued pattern of upbeat results. In addition to a great 2015, pending sales near the end of the year were up 4 % compared to one year ago. Closed sales for the year were up nearly 10%. This was accompanied by a decrease in days on market in all price categories. Santa Fe remains an attractive, affordable and stable destination market. Experience the unique qualities of all that life has to offer in The City Different.” – Gregg Antonsen, Senior VP and Qualifying Broker at Sotheby’s International Realty – Sante Fe

sun valley, idaho

Image of Sun Valley, Idaho

“The Sun Valley housing market continues to grow steadily, with the greatest growth in Hailey, the county seat. Commercial and residential construction in Ketchum and Sun Valley is booming with inventory in the city cores reflecting the demand for in-town living. Sun Valley is hosting national ski and snowboard championships throughout the winter, and room counts and projections are indicative of the surge in winter traffic. With home and condo prices about 1/3 less than our sister markets, we anticipate a terrific 2016.” – Derek Svennungsen, Marketing Coordinator at Sun Valley Sotheby’s International Realty

Sun Valley is the name of the world-famous ski resort, as well as the small,European-styled village east of Ketchum. The name also encompasses the 30-mile stretch that is the Wood River Valley, an area filled with
towns, rivers, mountains, gulches, campgrounds, and cliffs. Sun Valley is home to phenomenal mountain scenery, unlimited year-round recreational offerings, and down-to-earth people. All of this makes the Sun Valley area, whether it is Ketchum, Hailey, Bellevue, or elsewhere, an incredibly desirable place to live.

Single Family Homes and Condos

January through December20142015% Change
Average Price$676,757$629,130-7.0%
Average Days on Market213235-10.3%
Highest Price$10,000,000$11,750,00017.5%
Number of Properties Sold54059610.4%
Total Dollar Volume Sold $365,448,861$374,961,7542.6%

RESORT REPORT year-end 2015 | Steamboatsir.COM

All data contained within this report is based on information from Aspen Board of Realtors MLS, SAR MLS, Vail Board of Realtors, Steamboat Springs Board of Realtors MLS, Gunnison
County MLS, Telluride Association of Realtors MLS, Park City MLS, Tahoe Sierra MLS, Teton Board of Realtors MLS, Sun Valley Board of Realtors MLS, Southwest Montana MLS, and Sante Fe
Association of Realtors MLS. This representation is based in whole or in part on data supplied by these providers, and these providers do not guarantee nor are in any way responsible for its
accuracy. MLS data may not reflect all real estate activity in the market. Data within this report does not include land sales.

2015 Fourth Quarter Market Highlights

Positive Momentum for 2015 Real Estate Transactions

Land Title is a local company within Colorado and has been in business since 1967. To help partner with our customers and local communities, we’d like to share some valuable information on the real estate market in seven of our Colorado mountain communities of Aspen (Pitkin County), Breckenridge (Summit County), Steamboat Springs (Routt County), Glenwood Springs (Garfield County), Winter Park (Grand County), Vail (Eagle County) and Telluride (San Miguel County).Image of real estate trends  graph


2015 Fourth Quarter Highlights from the Seven Counties:

  • Buyer Profile: 47.31% local, 23.89% Front Range, 28.17% Out-Of-State, .63% international.


  • Five counties saw an increase in the number of transactions compared to last year’s Q4 numbers. Grand had the biggest increase with 38.46%.


  • Average residential price up slightly in Garfield, Pitkin, Routt and Summit counties. Top county was Summit with a 14.42% increase.


  • In gross volume sales, Pitkin county saw the biggest increase at 32.5%


  • All counties are seeing an increase in new construction with San Miguel having the largest percentage of their gross volume come from new construction at 14.29%.

Download (PDF, 988KB)


Eagle County

  • Median Residential Price down 5.8% from Q4 LY numbersEagle County Map
  • Gross Sales Volume up 11.79% from LY numbers
  • Average Residential Price down 15.31% from Q4 LY numbers
  • Real Estate Transactions up 2.99% from Q4 LY numbers
  • Buyer Profile: 54.97% Local, 17.08% Front Range, 26.69% Out-of-State, 1.26% International

Download (PDF, 897KB)


Garfield County

  • Median Residential Price up 12.03% from Q4 LY numbersImage of Garfield County Map
  • Average Residential Price up 0.64% from Q4 LY numbers
  • Gross Sales Volume up 7.34% from LY numbers
  • Real Estate Transactions up 9.55% from Q4 LY numbers
  • Buyer Profile: 85.34% local, 4.11% Front Range, 10.48% Out-of-State, 0.07% international

Download (PDF, 769KB)


Grand County

  • Median Residential Price down 2.4% from Q4 LY numbersImage of Grand County Map
  • Average Residential Price down 11.54% from Q4 LY numbers
  • Gross Sales Volume up 7.78% from LY numbers
  • Real Estate Transactions up 38.46% from Q4 LY numbers
  • Buyer Profile: 26.5% local, 56.88% Front Range, 16.34% Out-of-State, 0.28% international

Download (PDF, 934KB)

Pitkin County

  • Median Residential Price up 3.53% from Q4 LY numbersImage of Pitkin County Map
  • Average Residential Price up 0.40% from Q4 LY numbers
  • Gross Sales Volume up 32.5% from LY numbers
  • Real Estate Transactions down 14.02% from Q4 LY numbers
  • Buyer Profile: 54.81% local, 2.28% Front Range, 41.52% Out-of-State, 1.39% international

Download (PDF, 832KB)


Routt County

  • Median Residential Price up 7.87% from Q4 LY numbersImage of Routt County Map
  • Average Residential Price up 11.37% from Q4 LY numbers
  • Gross Sales Volume up 17.00% from LY numbers
  • Real Estate Transactions up 13.64% Q4 LY numbers
  • Buyer Profile: 49.28% local, 12.29% Front Range, 38.37% Out-of-State, 0.07% International

Download (PDF, 705KB)


San Miguel County

  • Median Residential Price is down 10.09% from Q4 LY numbersImage of San Miguel County Map
  • Average Residential Price down 3.75% from Q4 LY numbers
  • Gross Sales Volume down 8.73% from LY numbers
  • Real Estate Transactions dowm 1.65% from Q4 LY numbers
  • Buyer Profile: 36.51% Local, 4.14% Front Range, 57.91% Out-of-State, 1.44% International

Download (PDF, 734KB)


Summit County

  • Median Residential Price up 5.73% from LY numbersImage of Summit County Map
  • Average Residential Price up 8.95% from LY numbers
  • Gross Sales Volume up 36.59% from LY numbers
  • Real Estate Transactions up 14.93% from Q3 LY numbers
  • Buyer Profile: 30.53% local, 38.49% Front Range, 30.36% Out-of-State, 0.62% International

Download (PDF, 926KB)


Real Estate News From Around the Web


                                                                                                  February 5th, 2016

Real estate news articles and information from around the web.

National News

The 20 Hottest U.S. Real Estate Markets in January 2016
(, 2/1/16)
After a December that was unseasonably balmy for a large swath of the East Coast, January saw a return to winter norms: frigid temperatures and mountains of snow (even in the drought-parched West, thanks to El Niño).  Read Morereal estate news

Homeownership finally rising after decade of decline
(HousingWire, 2/1/16)
Homeownership rates continue to rise for a second quarter in a row due to job growth and the ability to gain credit.  Read More

Owners cautiously taking cash out of homes
(CNBC, 2/1/16)
Home values are rising and homeowners are taking advantage of that, finally tapping into that equity again in the form of cash-out mortgage refinances. They are doing so, however, by pulling the most conservative amounts in history.  Read More

Black Knight: Will homebuying become unaffordable in two years?
(HousingWire, 2/1/16)
With the right economic conditions, in two years, home affordability could get close to the same level seen before the financial crisis, making it difficult for people to afford a home.  Read More

Existing Home Sales Expected to Normalize
(MReport, 2/2/16)
Since the TILA-RESPA Integrated Disclosure (TRID) rule was enacted, existing home sales have been on a series of highs and lows, but (formerly predicts that things could begin to level out as more lenders adjust to the regulation.  Read More

Housing market not yet hit by stock market turbulence
(Consumer Affairs, 2/2/16)
The stock market got off to a rocky start in 2016, but, as January enters the books, it doesn’t seem to have negatively affected the housing market. At least that’s’s take.  Read More

Why one economist says buying a home is overrated
(MarketWatch, 2/2/16)
Is buying a house instead of renting really the best financial decision?  Read More

Features Most Likely to Show up in Typical Single-family Home in 2016
(NAHB, 2/2/16)
Successful businesses stay on top of what their competitors are doing. For home builders, this involves knowing what features other builders are putting in their new homes.  In December 2015, a nationwide survey asked builders about the likelihood that a number of features would be included in the typical single-family home they will build in 2016.  Read More

Freddie Mac: Don’t Count Refinancing out yet
(Mortgage News Daily, 2/2/16)
Freddie Mac’s economists are expressing concerns about what they see as economic headwinds revealed by some recently released indicators.  In their current edition of Insight and Outlook the company downgraded its full year estimate for 2015 real GDP growth by a tenth of a point to 1.9 percent while calling the current expansion the weakest in postwar history.  They project growth in 2016 and 2017 at 2.5 and 2.3 percent respectively making them the sixth and seventh years of sub-3 percent growth.  Read More

Q4 2015 Breakeven Horizon: Buying A Home Pays Off For Most – But Not All – After Just Two Years
(Zillow, 2/3/16)
A persistent combination of healthy home value growth and low mortgage interest rates, combined with robust growth in rents, is helping to keep the buy vs. rent equation tilted heavily towards buying in most areas for those planning on staying in their homes for longer than just a few years. But local markets vary, and that equation is shifting – if even slightly – in some notable areas.  Read More

As Stocks Swoon, Home Prices Accelerate Upward Again
(Forbes, 2/3/16)
The stock market woke up on the wrong side of bed this year, suffering a 10% correction. But home prices, another important asset for many families, look to be reaccelerating.  Read More

How is Low Inventory Affecting the Housing Market?
(DSNews, 2/3/16)
Low inventory has been cited by many analysts as a concern for the housing market in 2016 as the market continues to heal from the foreclosure crisis which began nearly eight years ago.  Read More

Student Loans May Affect Mortgage Eligibility
(U.S. News and World Report, 2/3/16)
Paying off your student loans is just one of the competing financial goals many consumers are required to juggle. Another is home ownership.  Read More

New Industry Data Offers Ups, Downs, Optimism and Caution
(National Mortgage Professional Magazine, 2/4/16)
The latest industry data points to a continued decline in mortgage rates and cash sales, along with a mixed prediction of homeownership break-even timelines and a positive forecast for the commercial real estate world.  Read More

Negative rates in US? Here’s why it could happen
(CNBC, 2/4/16)
Less than two months after the Fed enacted its first rate hike in more than nine years, market talk already has turned to whether the central bank’s future may not be more hikes, but rather negative rates.  Read More

Here’s a Part of the Housing Market That’s Really Booming
(The Fiscal Times, 2/4/16)
The turmoil in the stock market hasn’t hurt homeowners’ plans to spend on their properties this year, according to a new Angie’s List surveyRead More

Local News

Developer pulls application for homes in RidgeGate
(Lone Tree Voice, 1/30/16)
Developer Century Communities withdrew its application to build more than 60 homes in the RidgeGate area of Lone Tree after a review of their application left city council with concerns at its meeting Jan. 19.
Read More

Rising vacancy rates signal a shift in metro Denver apartment market
(Denver Post, 1/31/16)
Like a flare in the night sky, metro Denver apartment vacancy rates unexpectedly soared in the fourth quarter, signaling that the region’s long-running multifamily construction boom might be in danger.
Read More

Market report: 2015 ends strong with $99 million in December sales
(Steamboat Today, 1/31/16)
Routt County’s real estate market finished strong for 2015, with $99 million in transactions in December rounding out $700 million in gross volume for the year.  Read More

Denver’s ‘hottest’ 2016 neighborhood is probably not where you’d think
(Denver Business Journal, 2/1/16)
Late last week, online real estate company Redfin came out with its predictions of the nation’s hottest neighborhoods in 2016.  Read More

Rents dip (just barely) as vacancy rates rise in Boulder, Longmont
(Times-Call, 2/1/16)
Renters in Boulder and Longmont got a little relief on rents at the end of 2015 — very little. Read More

Where’s the best affordable place to live in Colorado?
(Denver Business Journal, 2/2/16)
If you’re looking for Colorado’s most affordable city, in a location where you really want to live, look no further than Greeley.  Read More

Where have Denver-area rents risen the most?
(Denver Business Journal, 2/2/16)
Rents in Colorado rose 6.2 percent in 2015 and in Denver, they rose 4.6 percent.  Read More

Denver ranks as sixth-most popular destination for moving vans
(Denver Post, 2/3/16)
Metro Denver bumped Seattle to rank as the sixth most-popular destination for people who rent moving vans, according to Penske Truck RentalRead More

Metro Denver home sales started off the year strong in 2016
(Denver Post, 2/3/16)
Sellers sent a wave of new listings onto the metro Denver market last month, and buyers were there waiting to snap them up, according to separate reports released Wednesday.  Read More

Median Fort Collins rent nears $1,400 per month
(Coloradoan, 2/3/16)
Fort Collins rents increased faster than the national average over the past 12 months, with median monthly rents closing in on $1,400, according to a new report from, which tracks rent prices across the country.  Read More

Pace of Colorado Springs homebuilding off to a strong start in 2016
(Gazette, 2/3/16)
The local homebuilding industry is off to a good start in 2016.  Read More

Denver-area home prices continue to climb; low-priced inventory scant
(Denver Business Journal, 2/3/16)
Prices climbed 13 percent year-over-year on average, while the number of active listings under $300,000 remained low.  Read More

Greeley’s rental market gets looser, stays expensive
(The Tribune, 2/4/16)
Last year, one of Greeley’s planners watched residents pull up to a newly finished apartment complex with trucks full of furniture.  Read More

New plans for Armory site in north Boulder offer housing, not arts uses
(Daily Camera, 2/4/16)
New plans for the Armory site in north Boulder submitted this week by developer Bruce Dierking show apartments, townhomes and a small amount of office space — but none of the arts uses that a previous plan included.  Read More

Colorado Springs home prices continue to rise
(Colorado Springs Business Journal, 2/4/16)
CoreLogic, a property information, analytics and data-enabled services provider, released its Home Price Index and HPI Forecast data for December, showing home prices are up month-over-month, as well as year-over-year.  Read More

Can Denver deny the downturn?
(Denver Business Journal, 2/5/16)
With crashing oil prices, nail biting over China and tumbling stocks, there’s a lot to worry about. How will Denver weather the storm?  Read More

Weins to build 8 townhomes at 32nd/Eliot
(BusinessDen, 2/4/16)
Townhomes with a North High view are set to pop up in the Highlands.  Read More

 Massive sale in the heart of Cherry Creek
(BusinessDen, 2/5/16)
A new owner is in control of more than 180,000 square feet of prime Cherry Creek retail space and a major First Avenue redevelopment site.  Read More