2018 Micro Report

STEAMBOAT SPRINGS

Steamboat SpringsImagine living your best life and enjoying everything that you love about Steamboat Springs right out your front door, or within a short bike ride. Steamboat Springs encompasses the areas known as the Mountain, Fish Creek, Downtown, Strawberry Park and West Steamboat, stretching from Walton Creek Road on the south side of town to Steamboat II and Heritage Park on the west end. While each different area boasts its own unique “personality,” they all offer Steamboat’s eclectic mix of ski town atmosphere and community, coupled with Western heritage and a lower, more laid-back way of life. World famous powder and tree skiing, the world’s oldest Winter Carnival, the nation’s best small town rodeo, over 75 restaurants and bars, and the friendliest people you will find anywhere in the world – these are just a handful of the things that make Steamboat Springs such a special place. No matter what activities you enjoy, Steamboat Springs will have something for you. Your best life starts with a home that inspires you, and there is no better place to call home than Steamboat Springs, Colorado.

CONDOS

2017 2018 %Change
Median Sales Price $352,000 $365,000 3.6%
Average $/SF $398 $431 7.7%
Average DOM 131 87 -50.6%
Highest Price $3,500,000  $2,400,000  -45.8%
# Properties Sold 345 302 -14.2%
% Sold Price to List Price    96.8% 97.3% 0.5%

 

▼ 50.6%

Avg Days on Market for Condos in Steamboat Springs was down 50.6% in 2018 when compared to 2017

Sunray Meadows #1508

▲ 8.2%

Median Sales Price for SF Homes in Steamboat Springs was $762,500 in 2018, an increase of 8.2% over 2017

SINGLE FAMILY

2017 2018 %Change
Median Sales Price $700,000 $762,500 8.2%
Average $/SF $407 $400 -1.8%
Average DOM 80 77 -3.9%
Highest Price $3,425,000   $3,800,000   9.9%
# Properties Sold 195 188 -3.7%
% Sold Price to List Price    96.4% 96.5% 0.1%

TOWNHOMES

2017 2018 %Change
Median Sales Price $595,000 $640,000 7.0%
Average $/SF $323 $343 5.8%
Average DOM 88 91 3.3%
Highest Price $2,665,000  $2,375,000  -12.2%
# Properties Sold 165 177 6.8
% Sold Price to List Price    97.9% 97.5% -0.4%

 

▲ 3.3%

Avg Days on Market for Townhomes in Steamboat Springs was up 3.3% in 2018 when compared to 2017

Enclave Townhome, Steamboat Springs

▲ 25.3%

Median Sales Price for Land in Steamboat Springs was $330,000 in 2018, an increase of 25.3% over 2017

LAND

2017 2018 %Change
Median Sales Price $246,498 $330,000 25.3%
Average DOM 315 283 -11.3%
Highest Price $3,454,000   $3,282,500   -5.2%
# Properties Sold 70 74 5.4%
% Sold Price to List Price    97.6% 96.5% -1.1%

 

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2018 Micro Market Report