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RESORT REPORT | 2018

RESORT MARKET at a glance

As the national residential real estate market continues to evolve, it is important to note that markets demonstrating some of the most unique performances in the nation, are those located in resort communities throughout Colorado and the western United States. The Steamboat Sotheby’s International Realty annual Resort Report analyzes data pertinent to the various resort real estate markets located throughout Colorado and the western United States, helping consumers make better real estate decisions, whether purchasing or selling a home in a resort area.

Typically found in desirable, slightly less accessible locations than national mainstream markets, resort markets tend to have a larger volume of luxury offerings to accommodate high-net-worth individuals that are drawn to these areas based on their exclusivity and proximity to world-class, year-round activities. In resort communities, seasonality, location, and employment opportunities often drive the inventory of homes down, and housing prices up. Interestingly, all of the Sotheby’s International Realty resort locations listed below, analyzed within the report, demonstrated increases in both average price and average price per square foot- a clear indicator of consumers’ continued desire for lifestyle-inspired home purchases and willingness to spend more for homes they truly desire.

When contemplating as large a financial commitment as the purchase or sale of a primary or second home in a resort area, market data can make a significant impact on making sound financial decisions. Steamboat Sotheby’s International Realty, and the many respected Sotheby’s International Realty affiliates that contributed to this report, remain committed to helping consumers make better real estate decisions, whether purchasing or selling a home.

Rocky Mountain Ski Resorts
The Steamboat market is strong, with 2017 showing double-digit growth in total transactions and dollar volume. Supply is down, demand is up, and our sales volume is the highest it’s been since the financial crisis 8 years ago. Even so, Steamboat’s geography allows for a more diverse offering of real estate that is still relatively affordable compared to other resorts.
David Baldinger, Jr.Broker/Owner at Steamboat Sotheby’s International Realty

January – December

2016

2017

% Change

Average Price

$585,365

$608,848

4.0%

Average Price per Sq. Ft.

$320

$368

15.0%

Average Days on Market

127

112

-11.8%

Highest Price

$16,250,000

$9,790,000

-39.8%

Lowest Price

$32,000

$40,500

26.6%

Number of Properties Sold

867

946

9.1%

% Sold Price to List Price

94.00%

95.50%

1.6%

Total Dollar Volume

$507,511,879

$575,969,878

13.5%

A truly remarkable year in our valley—the increase in dollar volume of 32.33% says a lot of the housing market in Crested Butte, Colorado! Crested Butte’s inventory has dramatically reduced without replenishment, and 66% of listings are vacant land. The decrease in inventory will push the market to build ‘new’ for the first time in 10 years, positioning the area for continued growth in 2018 and beyond.
Cathy BensonBroker/Owner of Crested Butte Sotheby’s International Realty

January – December

2016

2017

% Change

Average Price

$571,055

$684,158

19.8%

Average Price per Sq. Ft.

$314

$347

10.4%

Average Days on Market

275

225

-18.2%

Highest Price

$4,300,000

$4,500,000

4.7%

Lowest Price

$43,450

$60,500

39.2%

Number of Properties Sold

287

225

-21.6%

% Sold Price to List Price

94.80%

95.30%

0.5%

Total Dollar Volume

$163,892,798

$216,878,331

32.3%

January – December

2016

2017

% Change

Average Price

$1,443,028

$1,496,730

3.7%

Average Price per Sq. Ft.

$574

$603

5.1%

Average Days on Market

163

152

-6.7%

Highest Price

$8,900,000

$8,350,000

-6.2%

Lowest Price

$110,000

$146,000

32.7%

Number of Properties Sold

282

155

-45.0%

% Sold Price to List Price

95%

95%

-0.1%

Total Dollar Volume

$406,933,763

$231,993,088

-43.0%

Surrounded by the highest concentration of ski resorts in the country, the Lake Tahoe, Truckee and surrounding Reno-area real estate market revealed a continued uptrend in values, with fewer days on market, as compared to 2016. Because of the diverse landscape of the Lake Tahoe market, it’s best to contact a local expert to understand values and identify opportunities that best fit your financial goals and lifestyle, when considering the sale or purchase of a home.
Peter StrandPresident of Sierra Sotheby’s International Realty

January – December

2016

2017

% Change

Average Price

$1,119,270

$1,164,909

4.1%

Average Price per Sq. Ft.

$271

$291

7.4%

Average Days on Market

94

87

-7.4%

Highest Price

$17,100,000

$13,500,000

-21.1%

Lowest Price

$75,000

$67,000

-10.7%

Number of Properties Sold

1,161

1,283

10.5%

% Sold Price to List Price

94.77%

94.77%

0.2%

Total Dollar Volume

$1,299,472,785

$1,494,577,807

15.0%

The Park City, Utah, real estate market demonstrated growth year-over-year with the number of properties sold, up 10%, and the total dollar volume sold, up by 15%. A 4.1% increase in the average sold price, along with a sold price to original list price ratio holding at 0.2%, demonstrated continued-competitive conditions in the Park City real estate market.
Thomas WrightPresident of Summit Sotheby’s International Realty
The Vail Valley continues its steady growth through 2017, with increases in nearly all categories. The statistic that is the most telling, is days on market. The inventory is at low levels and coupled with a steady market, properties are taking less time to sell and sellers are achieving prices closer to list price. If this condition continues, 2018 could be a good year to sell for those who have been waiting for the market to catch up to values experienced in 2007 and 2008.
Dan Fitchett, Jr.Managing Broker at LIV Sotheby’s International Realty, Vail

January – December

2016

2017

% Change

Average Price

$1,009,996

$1,129,637

12%

Average Price per Sq. Ft.

$452

$474

5.0%

Average Days on Market

137

124

-9.5%

Highest Price

$17,500,000

$23,000,000

31.0%

Lowest Price

$43,500

$137,700

216.6%

Number of Properties Sold

1,365

1,376

0.8%

% Sold Price to List Price

94.0%

94.3%

0.3%

Total Dollar Volume

$1,378,644,308

$1,554,380,694

12.7%

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2017 continued to offer healthy growth in Summit County, with a 16.8% increase in average sales price compared to 2016. Our average days on market also decreased by over 22% 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, in addition to an abundance of other year-round recreational activities.
Melanie FrankSenior Vice President and Managing Broker at LIV Sotheby’s International Realty, Breckenridge

January – December

2016

2017

% Change

Average Price

$599,586

$700,377

16.8%

Average Price per Sq. Ft.

$399

$445

12.0%

Average Days on Market

80

62

-22.5%

Highest Price

$5,675,000

$6,100,000

7%

Lowest Price

$100,000

$170,000

70.0%

Number of Properties Sold

1,862

1,973

6.0%

% Sold Price to List Price

97.1%

98.4%

1.3%

Total Dollar Volume

$1,116,446,950

$1,381,843,993

23.8%

January – December

2016

2017

% Change

Average Price

$3,295,592

$4,325,623

31.3%

Average Price per Sq. Ft.

$1,271

$1,456

14.5%

Average Days on Market

257

276

7.4%

Highest Price

$24,000,000

$30,000,000

25.0%

Lowest Price

$95,152

$149,000

56.6%

Number of Properties Sold

189

274

45.0%

% Sold Price to List Price

93.0%

94.0%

1.1%

Total Dollar Volume

$622,866,827

$1,185,220,729

90.3%

Over the past 5+ years the Aspen real estate market enjoyed a steady climb in prices and activity (coupled with a corresponding drop in listing inventory), followed by a reversal of those trends in 2016, only to reverse course once again in 2017. It should be noted that although the Aspen real estate market had a strong rebound in 2017 from 2016, the overall level of sales still fell short of 2015.
Andrew ErnemannBroker Associate at Aspen Snowmass Sotheby’s International Realty

January – December

2016

2017

% Change

Average Price

$1,310,325

$1,358,171

3.7%

Average Price per Sq. Ft.

$608

$619

1.8%

Average Days on Market

383

366

-4.4%

Highest Price

$7,500,000

$7,850,000

4.7%

Lowest Price

$135,000

$125,000

-7.4%

Number of Properties Sold

270

347

28.5%

% Sold Price to List Price

92.20%

93.70%

1.6%

Total Dollar Volume

$353,787,704

$471,285,289

33.2%

The Telluride real estate market had another very encouraging year with the number of properties sold up by almost 29% and the total dollar volume sold up by over 33%. A 3.7% increase in the average sold price, along with a 1.8% difference between the sold price and original list price, shows a coming together of buyers and sellers when valuing properties. Market trends suggest sold price and price per square foot will increase in 2018, great news for sellers
Nels CaryBroker/Owner of Telluride Sotheby’s International Realty
The secret is out that Big Sky, Montana is a world-class, four-season resort community and the area’s future, as it relates to real estate and growth, is bright. The number of properties sold year-over-year in Big Sky is up by 17%, with the total dollar volume sold demonstrating an increase of over 35%. For Big Sky’s Main Street having just been formed last year, market growth in this diverse year-round resort community is thriving.
Tallie LanceyBroker Associate at Big Sky Sotheby’s International Realty

January – December

2016

2017

% Change

Average Price

$702,026

$813,937

15.9%

Average Price per Sq. Ft.

$309

$358

15.8%

Average Days on Market

188

182

-3.2%

Highest Price

$5,900,000

$3,800,000

-35.6%

Lowest Price

$87,500

$115,000

31.4%

Number of Properties Sold

229

268

17.0%

% Sold Price to List Price

91.90%

94.20%

2.5%

Total Dollar Volume

$160,764,070

$218,135,238

35.7%

Unit sales of condominiums and single-family homes fell 8% in 2017, reflecting a decline in available inventory of nearly 11%. Our “middle” market ($1.5 to $3 million), was the most active segment, as unit volumes rose 5% and prices increased by 6%. Demand and sales of higher end properties (above $3 million), pushed average prices up 7.2%, although on weaker unit volumes. Selling prices have been consistently about 92% to 93% of the listed price.
Leonard KleimanManager of Operations at Jackson Hole Sotheby’s International Realty

January – December

2016

2017

% Change

Average Price

$1,302,665

$1,397,073

7.3%

Average Price per Sq. Ft.

$574

$618

7.7%

Average Days on Market

188

169

-10.1%

Highest Price

$10,250,000

$10,850,000

5.9%

Lowest Price

$240,000

$180,000

-25.0%

Number of Properties Sold

381

349

-8.4%

% Sold Price to List Price

91.63%

91.57%

-0.1%

Total Dollar Volume

$496,315,438

$487,578,317

-1.8%

January – December

2016

2017

% Change

Average Price

$412,049

$444,506

7.9%

Average Price per Sq. Ft.

$258

$287

11.2%

Average Days on Market

144

112

-22.2%

Highest Price

$5,400,000

$5,160,000

-4.4%

Lowest Price

$5,500

$8,000

45.5%

Number of Properties Sold

2,450

2,751

12.3%

% Sold Price to List Price

94%

94%

0.0%

Total Dollar Volume

$1,009,520,231

$1,223,282,733

21.2%

Statistics from the Santa Fe Association of Realtors have recorded 2017 as the best year for home sales in over a decade. Average sales price, number of properties sold and dollar volume, all trended up, while average days on market declined by 22%. Compared to other resort markets in the West and Southwest, Santa Fe remains an attractive and affordable marketplace, and 2018 is off to a robust beginning.
Gregg AntonsenSenior Vice President and Qualifying Broker at Sotheby’s International Realty—Santa Fe

Open House Wednesday

Open House - 1160 Fairway Woods Dr

Open House

Wednesday Feb 21, 2-5 pm

Open House - 1160 Fairway Woods Dr

 

Open House - 1160 Fairway Woods Dr

Open House – 1160 Fairway Woods Dr

1160 Fairway Woods, Steamboat Springs, CO

$2,120,000

4 Beds 4.5 Baths

7,801 Sq Ft

3 Car Garage

#s170003

 

 

Real Estate Market Update January 2018

January 2018 Activity Snapshot

Percent changes calculated using year-over-year comparisons.

New Listings were down 24.1 percent for single family homes and 36.2 percent for townhouse-condo properties. Pending Sales increased 63.6 percent for single family homes but decreased 8.3 percent for townhouse-condo properties.

The Median Sales Price was up 8.4 percent to $587,800 for single family homes and 18.6 percent to $400,000 for townhouse-condo properties. Days on Market decreased 21.8 percent for single family homes and 24.0 percent for townhouse condo properties.

Whatever external forces are placed upon residential real estate markets across the country – whether they are related to tax legislation, mortgage rates, employment situation changes, new family formations, the availability of new construction and the like – the appetite for home buying remains strong enough to drive prices upward in virtually all markets across the country.

New sales are not necessarily following that trend, but monthly increases are expected until at least late summer.

Activity Snapshot

+ 5.5% - One-Year Change in One-Year Change in Sold Listings

+ 9.9% - One-Year Change in Median Sales Price

- 34.7% One-Year Change in Active Listings

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.

Single Family Market Overview

Key metrics by report month and for year-to-date (YTD) starting from the first of the year

-24.1%

New Listings

1-2017 : 29

1-2018 : 22

+63.6%

Pending Sales

1-2017 : 11

1-2018 : 18

+7.1%

Sold Listings

1-2017 : 14

1-2018 : 15

 

+8.4%

Median Sale Price

1-2017 : $542,500

1-2018 : $587,800

+11.7%

Average Sales Price

1-2017 : $610,643

1-2018 : $681,813

-21.8%

Days On Market

1-2017 : 142

1-2018 : 111

-6.3%

Housing Affordability Index

1-2017 : 63

1-2018 : 59

-22.4%

Active Listings

1-2017 : 174

1-2018 : 135

-25.8%

Months Supply 

1-2017 : 6.6

1-2018 : 4.9

Townhouse-Condo Market Overview

Key metrics by report month and for year-to-date (YTD) starting from the first of the year.

-36.2%

New Listings

1-2017 : 69

1-2018 : 44

-8.3%

Pending Sales

1-2017 : 36

1-2018 : 33

+4.9%

Sold Listings

1-2017 : 41

1-2018 : 43

 

+18.6%

Median Sale Price

1-2017 : $337,228

1-2018 : $400,000

-6.1%

Average Sales Price

1-2017 : $452,693

1-2018 : $425,105

-24.0%

Days On Market

1-2017 : 100

1-2018 : 76

-14.9%

Housing Affordability Index

1-2017 : 101

1-2018 : 86

-40.3%

Active Listings

1-2017 : 385

1-2018 : 230

-46.4%

Months Supply 

1-2017 : 8.4

1-2018 : 4.5

2018 Winter Olympic Schedule

Winter Olympic Schedule Home » Blog

SUPPORT TEAM USA 
& OUR VERY OWN STEAMBOAT OLYMPIANS!

Steamboat Athletes Competing in

Alpine Skiing Feb 21 and 24
Freestyle Skiing Feb 8 and 11
Nordic Combined Feb 14, 20, and 22
Ski Jumping Feb 12
Snowboarding Feb 11, 12, 14, 15, 21, and 24

Winter Olympic Schedule


____________________________________________________________________________________________

2018 Winter Carnival Poster

We are so excited to announce that local Steamboat artist Michelle Ideus has created an amazing piece to be featured as the 2018 Winter Carnival Commemorative Poster art work! Her style is signature, whimsical, vibrant and unmistakable. The original framed art will be auctioned at the Steamboat Springs Winter Sports Club Foundation’s Stars at Night Gala on Dec. 29, along with the first three signed, numbered and framed limited edition giclee prints on silent auction. 22 other limited edition, signed, numbered and framed prints are available for purchase by contacting [email protected], and the posters will be available for sale at multiple locations around town beginning in 2018, with 100% of the proceeds from the poster program going to the SSWSC.


Local artist Michelle Ideus will create an original work of her whimsical collage art for the 2018 Steamboat Winter Carnival commemorative poster, benefiting the Steamboat Springs Winter Sports Club.

Originally Posted on SteamboatSIR.com

Michelle Ideus is a giggler.

The Steamboat artist, who has been selected to create the illustration for this year’s esteemed Winter Carnival poster, punctuates most of what she says with an infectious laugh. That light-heartedness and refusal to take herself too seriously also comes through in her whimsical, colorful work.

Ideus has worked in many mediums, from water color and graphite drawing to painting in oil and acrylic. And then one day, she began to throw them all together into collage pieces that have become the hallmark of her current portfolio. Inspired by Steamboat’s landscape and ranching culture, she’ll start with a photograph and then create a sketch, then a painting, and then she’ll layer all different kinds of mediums on top of that, from magazine scraps and tissue paper to glitter

Selected by Steamboat Sotheby’s International Realty to create the art for the 2018 Steamboat Winter Carnival commemorative poster, she’s up for the challenge, and will shake off whatever pressure she feels to make art for such an important event, with a signature giggle.

Steamboat Winter Carnival Poster Where are you from, and how did you end up in Steamboat?


I grew up in La Grange, Illinois. I went on a camping trip with my big sister to Colorado when I was in high school and the rest was history. I studied art at Colorado State University and met my future husband Dean. We moved up to Dillon after we graduated and worked for Keystone and A-Basin for five years. After a stint wind surfing in the Columbia River Gorge in Oregon we ultimately moved to Steamboat. That was 15 years ago.

 

Tell us about your background in art. You work in so many different mediums. Has that always been the case or has it evolved over time?


After completing my Bachelor of Fine Arts from CSU, my art has evolved over time. I’ve always been into water colors, print making, drawing, and oil painting. When I moved to Steamboat, I decided to start working with acrylics because I wanted to be able to work anywhere in my house and not have the smell and cleanup required with oil paint.  That’s when I started mixing.

What is your process? Where do you find your inspiration?


I started taking pictures of horses, which is something I hadn’t done before. I was definitely feeling like I’d done a million still-life paintings, so I was ready to try something new.  I did these mini collages of horses on Masonite to see if people would like them. They did, so that shot me off into a new direction, painting with acrylics and doing collages on canvas and Masonite. Steamboat has this whole western feel, and I knew I wasn’t a realist or a western painter, but I wanted to build off learning from other people’s stories. I started taking pictures of people’s horses and interviewing the owners. The more I could learn, the better off I was; it just made it very personal. I’m not a horse person, but that’s part of what makes these animals so intriguing to me.Winter Carnival Artist

 

 

 

 

 

What are some of your collaging techniques?


I start with a photograph and then do a sketch on canvas or Masonite. Then I’ll create a painting with acrylic and then build a collage over that using all kinds of scraps from magazines, newspaper, homemade paper, or whatever I might find. I use a special kind of varnish that’s not only a finish, but also an adhesive. I can paint and then I can flip-flop around with gluing pieces of paper and then painting over it again. Sometimes I can lay a bunch of stuff down, and sometimes I’ll be panting and collaging and back and forth. The varnish is my buddy; it dries clear and slightly glossy. I like to integrate it a bunch. Sometimes I’ll come across something and add it in later. I never know where the collage is going bring me and that’s always the fun part.

 

 

“Lime”-Original-Acrylic-Mixed-Media-Collage-on-Canvas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

What is your plan for the Winter Carnival poster? What does it mean to you become part of Steamboat iconography?


It’s such a big deal in Steamboat. My 10-year-old son is in Winter Sports Club and I’ve been able to experience the whole event as a mom so I really know what this is all about. I have a very good friend, George Fargo, who is a local professional photographer and artist. It was important to me to begin with a strong image, so he and I collaborated on a photo for the painting. We kind of merged two different photos that I loved. I knew I wanted a certain feel, to be able to combine those more traditional images with something new. I have done a few posters in the past but this one is such a big deal! I am really proud of how it turned out, and can’t wait to share it with Steamboat. It’s a huge honor and I hope people love it.

 

VISIT MICHELLE’S WEBSITE for more information and samples of her work.

Steamboat Real Estate Market Profile – August 2017


Percent changes calculated using year-over-year comparisons.

+24.4%

One-Year Change in Sold Listings All Properties

+21.7%

One-Year Change in Median Sales Price All Properties

-7.7%

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 down 20.4 percent for single family homes and 19.0 percent for townhouse-condo properties.
  • Pending Sales decreased 22.2 percent for single family homes and 8.8 percent for townhouse-condo properties.
  • The Median Sales Price was up 5.6 percent to $596,000 for single family homes and 21.7 percent to $383,500 for townhouse-condo properties.
  • Days on Market increased 10.3 percent for single family homes but decreased 20.1 percent for
    condo properties.

The prevailing trends lasted through summer. This was expected, since there have not been any major changes in the economy that would affect housing.
Factors such as wage growth, unemployment and mortgage rates have all been stable. Every locality has its unique challenges, but the whole of residential real estate is in good shape. Recent manufacturing data is showing demand for housing construction materials and supplies, which may help lift the ongoing low inventory situation in 2018.


Download (PDF, 342KB)

 

*Information is provided by the Steamboat Springs Board of Realtors

Steamboat Springs Real Estate Market Report Sept 28, 2017

Market Report

Thu Sep 28 2017
Steamboat Springs, CO 80487
Single-Family Homes

This week the median list price for Steamboat Springs, CO 80487 is $799,000 with the market action index hovering around 24. This is about the same as last month's market action index of 24. Inventory has held steady at or around 244.

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Slight Buyer's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Real-Time Market Profile

Never miss important changes

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Most Expensive
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Least Expensive

Real-Time Market Profle

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Median List Price
0
Per Square Foot
0
Days on Market
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Inventory

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,275,000 6,606 2.5 - 5 acres 5 4 13 2 1 481
$1,299,000 3,732 1 - 2.5 acres 4 3 22 1 1 248
$485,000 2,291 0.25 - 0.5 acre 4 3 18 4 3 276
$82,500 1,232 - 2 2 18 0 2 431

iframe of Market Report


Click Here to see in your browser

PDF of Market Report

Open Houses September 30

Open House




Open House

September 30, 2017 | 2-5 pm

Open House

 


 Open House


44000 Diamondback Way, Steamboat Springs CO

35AcreHome.com

Address: 44000 Diamondback Way
MLS: 170473
3+ Bedrooms
3.5 Bathrooms
2-Car Garage
4,035 Square Feet
35.09 Acres

Directions:

Take HWY 40 to Elk River Road (HWY 129), make a left on CR44, turn right on Diamondback Way, go approx. 1 mile and the driveway will be on your left.


DiamondbackEstate.com

Address: 44300 Diamondback Way44300 Diamondback Way
MLS: 171479
4+ Bedrooms
3.5 Bathrooms
2-Car Garage
5,086 Square Feet
35 Acres

Directions:

Take HWY 40 to Elk River Road (HWY 129), make a left on CR44, turn right on Diamondback Way, go approx. 1.4 mile and the driveway will be on your left.

 

Open Houses this weekend – SATURDAY September 23, 2017

Open House - 1820 Christie Drive, Steamboat Springs, CO


Open Houses this weekend In Steamboat Springs, CO

OPEN HOUSE SATURDAY

September 23, 2017

2–5PM

Open Houses this weekend - 1820 Christie Drive, Steamboat Springs, CO

1820 CHRISTIE DRIVE

$1,250,000
#171637
4,200 SQ FT
4+ BEDROOMS
4.5 BATHS
2 CAR GARAGE

DIRECTIONS

Mt. Werner to Burgess Creek, Turn LEFT on Christie Dr, up the driveway on the RIGHT.

CAM BOYD 970.846.8100


Open Houses this weekend - 1770 RIVER QUEEN LANE1770 RIVER QUEEN LANE

$1,950,000
#161635
4,622 SQ FT
5 BEDROOMS
5 BATHS
3 CAR GARAGE

DIRECTIONS

Mt Werner to Steamboat Blvd, Right on Clubhouse, RIGHT on turn River Queen Lane, house is on your on the LEFT.

SARAH PETERSON 970.819.5581


Open Houses this weekend - 2200 Bear Drive2200 BEAR DRIVE

$1,560,000
#171667
3,622 SQ FT
4+ BEDROOMS
3 BATHS
3 CAR GARAGE

DIRECTIONS

Hwy 40, turn LEFT on Walton Creek, RIGHT on Aprés Ski, LEFT on Val d’Isere, RIGHT on Bear Drive, on RIGHT.

SUNNY BRSTINA 970.846.1574


Download (PDF, 646KB)

Market Report Sept 14, 2017

Market Report

Thu Sep 14 2017
Steamboat Springs, CO 80487
Single-Family Homes

This week the median list price for Steamboat Springs, CO 80487 is $799,000 with the market action index hovering around 24. This is less than last month's market action index of 25. Inventory has held steady at or around 245.

 

 

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Slight Buyer's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Real-Time Market Profile

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Most Expensive
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Least Expensive

Real-Time Market Profle

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Median List Price
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Per Square Foot
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Days on Market
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Inventory

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,275,000 6,606 2.5 - 5 acres 5 4 13 0 1 476
$1,324,000 3,592 1 - 2.5 acres 4 3 23 3 6 240
$489,000 2,291 0.25 - 0.5 acre 4 3 18 4 2 272
$81,200 1,217 - 2 2 18 3 4 421

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