March Market Insights 2023

By Ben Berend Blog, Steamboat Springs Real Estate Market March 10, 2023

Real Estate Statistics, green furniture and plants

Our market continues to struggle with low supply. However, compared to 2022, the active residential listings are up 42%. This statistic shows how incredibly low the supply was last March and April. Interest rates have continued to rise, and as a result, properties are sitting on the active market 200% longer than a year ago. I would still label this a seller’s market, but with more buyer negotiation power than we’ve seen over the past few years.

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.