Market Reports



Steamboat single family home prices are on the rise, but Buyers are left with few options to choose from due to limited inventory.
Call The Metzler Team at (970) 846-8811 to find how this might impact your sale or purchase




Colorado Group Realty Insider - December 2018


How’s The Market?

As the end of the year quickly approaches, it’s becoming more clear that the Steamboat seller’s market we’ve grown accustomed to is now slowing down.
After eight years of steady inventory declines, inventory now is above levels from this time last year. We currently have over seven months of inventory compared to just four months of inventory one year ago. Typically, home prices appreciate when
there are less than six months of inventory and they stay flat or depreciate with above six months of inventory.

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Colorado Group Realty Insider - November 2018


How’s The Market?

Sellers have been in control in most housing markets across the country for a solid four years. Escalating prices and inventory shortages have become the norm. But is the balance of power finally starting to shift to buyers? Data from other markets clearly shows a swing in favor of buyers. Interest rate hikes, stock market volatility and political instability all seem to be making an impact. In Denver, September 2018 home sales were down 20% from September 2017, quite a significant drop.

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Colorado Group Realty Insider - October 2018


How’s The Market?

As many areas around the country are reporting slowing real estate sales, August in our area was heating up! The $76M in closed sales in August was our biggest monthfor volume in over a decade; this moves us to $390M year to date, up 6% from this time last year.

There are increasing signs that the sellers’ market of the last two years is starting to tilt a tad in the buyers’ direction. The key indicator, inventory, which has been at its lowest levels in years, has gradually started to rise over the last year. In fact, in each of the last five months, more new listings have hit the market than in the previous year. Increased home values are no doubt encouraging potential sellers to act sooner rather than later.

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Colorado Group Realty Insider - September 2018


How’s The Market?

Perhaps we are seeing early signs that the market is beginning to balance, as Steamboat Spring’s inventory rose for the second month in a row. At the end of July, there were 476 properties for sale, up from our low of 386 in November 2017. Looking back, we are a long way from 2010 when there was an inventory glut of 1,300 properties for sale.

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2007 Vs Today - Peak or Prairie: Part 2




As Steamboat’s real estate market continues to strengthen in 2018, many are left to wonder, “Have property values rebounded to the levels of our last peak in 2007?"

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Colorado Group Realty Insider - July 2018


How’s The Market?

Summer in Steamboat is house selling season! Fortunately for buyers, our depleted inventory received a boost as 161 new listings recently hit the market. May is typically the month with the most new listings and that stayed true this year; nonetheless, this May’s new inventory was lower than previous years. In Steamboat, like most markets across the country, demand outweighs supply. Current active listings (429) has remained relatively at for the last eight months. is is signi cantly lower than just two years ago when there were over 800 active listings. Buyers, especially in the lower price range, remain challenged.

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2007 Vs Today - Peak or Prairie: Part 1


As Steamboat’s real estate market continues to strengthen in 2018, many are left to wonder, “Have property values rebounded to the levels of our last peak in 2007?"

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Colorado Group Realty Insider - May 2018


How’s The Market?

In most cities across the globe, spring is the time of year when the highest volume of properties hit the market. Steamboat is no exception and local buyers are hopeful to see significant supply added to help balance the high demand. While the 112 new listings that came on the market this March didn’t measure up to previous years, it was the highest number of new properties added in the last seven months. Year to date, 264 new properties have gone on the market, down 22% from 2017. Based on this activity, we expect that the same trend will continue in April and May: healthy but not the volume of past years. The market has held steady for the last six months with about 400 total active listings.

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Colorado Group Realty Insider - April 2018


How’s The Market?

Despite the lowest real estate inventory levels in years, sales figures in Steamboat for the first quarter of 2018 were surprisingly quite healthy. While slightly down from the same time last year, through March 2018, just over 200 properties were sold totaling over $135M.
While we’re hopeful to see signi cant increases in inventory as the snow melts, it’s doubtful that we’ll return to levels seen over the last few years; this, of course, will lead to continuing price escalation. New listings in February (74) were only half of what we’ve seen hit the market in previous February's. New list prices continue to rise significantly as homes hitting the market are priced higher by nearly 9% from 2016, averaging $575,000.

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Nick's Predictions – What might we see in 2018?




Expect to see new home construction significantly increase in pace. For the first time in 10 years, there will be new homes for sale that are under $1m, as the existing inventory has completely dried up. Call us for details for information on new homes coming to the market this year. Existing homes under $1.5m should see gains this year while there are homes on the market or coming to the market, above $2m, well below replacement value. Buyers in this price range still have opportunities (this market range is also likely to dry up this year if sales outpace new home construction).



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Colorado Group Realty Insider - March 2018


How’s The Market?
he Steamboat Springs real estate market continues to experience historically low inventory. There were only 92 active single-family homes and 219 condos and townhomes available within city limits at the end of February. With such tight inventory and buyers waiting for new options to hit the market, this causes quick or multiple offer scenarios to arise. Typically a slew of new properties come on the market in the spring, which will hopefully help rebalance our supply to demand.

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Steamboat Springs Real Estate Market Update - March 2018


New Listings were down 42.2 percent for single family homes and 3.0 percent for townhouse-condo properties. Pending Sales decreased 25.6 percent for single family homes but increased 20.8 percent for townhouse-condo properties.

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2017 Annual Report


2017 was a very healthy year for the Steamboat Springs real estate market; in fact, it was the most robust year since 2007, right before the housing bubble and recession. Overall market volume in Steamboat and surrounding areas was up 12% to $598M in sales volume, compared to 2016 with $535M in sales volume.

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Steamboat Springs Real Estate Market Update - January 2018


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.

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Colorado Group Realty Insider - February 2018


How’s The Market?

If you’re looking to sell an entry-level home or upgrade into a larger one, 2018 could be your year! Similar to Steamboat, several of our feeder markets (Boulder, Denver, and Fort Collins) are currently experiencing dual markets. A dual market represents the opportunity for owners of entry-level housing to sell at premium prices and move up to highe price points by taking advantage of larger discounts in that market segment. It’s the perfect sell high, buy low scenario— one that maximizes the ability to fully leverage two markets.

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Steamboat Springs Real Estate Market Update - February 2018


New Listings were down 3.6 percent for single family homes and 21.5 percent for townhouse-condo properties. Pending Sales increased 17.6 percent for single family homes and 40.0 percent for townhouse-condo properties.

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Top 3 Steamboat Homes!


Steamboat’s 3 Highest Priced Single Family Homes- Sold in 2017 (within city limits)

Steamboats Highest Price/SF Homes - Sold in 2017

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Colorado Group Realty Insider - January 2018


In 2017, the Yampa Valley real estate market saw significant increased sales volume and home valuations. With the year now behind us, what’s on tap for 2018?

There has been a significant drop off in inventory from 925 active listings at this time last year to only 400 current listings. With such a limited supply, it’s logical to predict that individual values will continue to rise while total sales numbers may decrease.

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Colorado Group Realty Insider - November 2017


Steamboat had a hot summer! In Q3 of 2017, 13 singlefamily downtown homes sold for $9.25M in total sales, averaging $384/sf and 88 DOM (days on market). In the mountain area, 19 single-family homes sold for $19.35M in total sales, averaging $333/sf and 252 DOM. There are currently nine single-family downtown homes for sale and more than half have been on the market for a year or more. With such little inventory, why do they sit while others see multiple offers per day?

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Steamboat Springs Real Estate Market Update - August 2017


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.

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