2014 Mid-Year Market Statistics

The Steamboat Springs market continues to slowly recover. According to statistics provided by the Steamboat Springs
Board of Realtors, the dollar volume sold for the first 6 months of 2014 increased nine percent to $203,211,000 from the
same time frame in 2013.

Along with increased sales, another bright spot in the market is the decline in inventory volume. From June 30, 2013 to
June 30, 2014 inventory dropped by over 18%, to $1,305,000,000. A reduction of inventory should result in a sign of price
stability in the market.

Interest rates continue to stay historically low, the national and Colorado economies continue to strengthen, a robust real
estate market in Colorado's Front Range (which is our biggest feeder market), along with a stabilized local market point
out that a strong rebound to the Steamboat Springs real estate market is just around the corner.

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