August Market Insights 2024

By Ben Berend Blog, Steamboat Springs Real Estate Market August 31, 2024

The Steamboat market holds 245 active listings currently, compared to 278 one month ago. This shows that peak annual inventory hit during our “summer months,” as predicted, and inventory should decrease throughout the fall and into winter. A large percentage (44%) of active listings have seen at least one price drop. This shows that many sellers are stretching on price and recalibrating to produce a sale. These price drops are on many listings that weren’t able to sell during the summer season and are reducing prices to sell before winter. This highlights the importance of pricing correctly, especially in the summer when the amount of competition rises.”

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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.