July Market Insights 2024

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

The Steamboat Springs market certainly saw its summer splash of inventory on a level not seen over the past few years. With more properties on the market, the time that homes spend on the market has increased. This has resulted in many sellers wondering, “When is the right time to drop my price?” 37% of active properties in our market have dropped their asking price at least once. While many properties spend more time on the market, we continue to see “ideal properties” that are priced and marketed well sell quickly. I would define the ideal property in our market as “open layout, big views, contemporary design, under 4,500 sq ft, and with a main level primary bedroom.”

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About the Author

Ben Berend, ASSOCIATE BROKER

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.