April Market Insights 2025

By Ben Berend Steamboat Springs Real Estate Market April 4, 2025

The Steamboat real estate market now has 4.8 months of supply and 222 active listings. The most inventory remains in the $3M–$5M range, but only 4 sales closed in that segment last month. 23% of active listings have seen price reductions, averaging 7% per drop. Meanwhile, demand is surging—pending sales are up 230% compared to last March, and homes in the $1M–$2M range, which made up 39% of sales, are moving fast. Buyers still have options, but competition is heating up. Sellers, strategic pricing and marketing are more important than ever with new listings up almost 30% compared to a year ago.

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About the Author

Ben Berend, ASSOCIATE BROKER | TEAM LEAD

Born and raised in Steamboat Springs, Ben spent his childhood at Howelsen Hill dreaming of someday competing in the Winter Olympics. He realized that dream by representing the United States in the 2018 Winter Olympics, becoming one of 100 Olympians from Steamboat Springs dating back to 1932.

Ben believes in learning from the best, which is why he returned to Steamboat Springs and joined forces with Cam Boyd – former co-owner of Steamboat Sotheby’s and one of the highest producing agents in the country. Together, Cam and Ben created the Boyd & Berend Group, a team focused on the luxury real estate market in Steamboat Springs. Last year, the Boyd & Berend Group worked with buyers and sellers on 47 transactions totaling over $72m – solidifying them as a market share leader within the Yampa Valley.

Ben’s approach to the business centers around strong communication, building lasting relationships, and bringing a persistant energy to each transaction – which he attributes to his prior career as a professional athlete.

Ben was elected to the Parks and Recreation Commission in 2021, where he continues to serve. He also volunteers as a ski coach at the Winter Sports Club and leads Olympic Heritage Tours for the local Tread of Pioneers Museum. Outside of work, Ben is known for his grand adventures on bikes and skis.