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 - October 2019


As another glorious Steamboat fall begins its transition to a white (and hopefully powdery) winter, we also begin a shift to a seasonally slower real estate market. While October is typically quite active (October 2018 was the second busiest month last year), when the snow falls in November, sales activity usually starts to dwindle.

Sales volume in Routt County between April-September 2019 averaged $51M/month, a stark difference from the average volume of $30M/month from November 2018-March 2019. While a winter slowdown is common in most cities across the country, it’s exacerbated in most ski towns. Nonetheless, 2019 is shaping up to be quite robust for real estate activity.


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Colorado Group Realty Insider - September 2019


August sales volume in Routt County was $62M, down from $76M in August of 2018 but up from $56M in July of 2019 (which was also buoyed by a $10M home sale, the year’s largest transaction). Total volume for the year is down 5% from 2018 but is on track to be the county's second or third most active year ever. Median home prices continue to rise, up 3.4% in 2019, as inventory in certain segments remains somewhat restricted, putting upward pressure on home values. Routt County single family homes are the fourth most expensive of any county in Colorado with a median price of $675K. Compared to the median prices in Pitkin County ($3.25M) and Summit County ($1M), living in Steamboat seems like a bargain.

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Colorado Group Realty Insider - July 2019


How’s The Market?
With another festive Fourth of July in the rear view mirror, it’s an ideal time to reflect on how the Steamboat Springs real estate market performed in the first half of 2019.

Summer in the mountains is the busiest time of year for real estate activity; it was no surprise that the $59M in closed Steamboat sales during June made it the biggest month of the year. It was a bit of a surprise however that it was up a hefty 34% from June of 2018. Total volume for the first half of the year is $247M, up from $226M through June of 2018. Residential transactions are down ever so slightly with 347 compared to 358 last year.

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Colorado Group Realty Insider - June 2019


With the arrival of vibrant sunny days, the influx of Steamboat’s visitors has begun. Town is buzzing with activity as is the real estate market. May closed sales volume in Routt County was $59M, 2019’s largest month thus far and up 10% from the previous two Mays'.

Our visitors are undoubtedly hearing locals debate the upcoming vote regarding the annexation; if passed, nearly 200 acres will
become West Steamboat Neighborhoods. 450 units are planned to be built over 16-20 years by developer Brynn Grey, taking some much needed pressure off of our already constrained
inventory. Ballots must be received by the city by June 25th.

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Colorado Group Realty Insider - May 2019


The more things change, the more they stay the same. April real estate activity in Steamboat was quite similar to the last two years. Total sales volume for the month
was $48M, up slightly from $46M last April. e busy month eased worries of a market slowdown that was stoked by a moderately slow rst quarter of 2019 when we averaged only $27M per month. Total volume this year is now only down 3% compared to last year's rapid start.

May and June are typically the busiest months for new listings and buyers hope that 2019 is no di erent. In the last few years, total active listings have increased more than 20% during these prime selling months. With 365 currently active residential listings, buyers are optimistic that inventory will spike even further heading into the summer. In Denver, inventory relief is well on its way, as active listings there are up 35% year over year. However, active listings in Colorado are down 4% year over year.

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Colorado Group Realty Insider - April 2019


News headlines have recently claimed that the national real estate market is slowing down; these claims, without a doubt, have created a glimmer of hope amongst home buyers seeking increased inventory and lower prices. While the market may in fact be showing signs of deceleration, in reality that means that it’s just not growing at the torrid pace of the last few years.

In the last three months, activity in the Steamboat market, $81M, is not on pace with the immense total sales volumes of the last two years. By comparison, in 2018, three months volume was at $88M and in 2017, it was at $96M.

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Steamboat: 10 Year Median Home Sales Prices


Steamboat's single family median home sale prices have rebounded from the recession of past years. How much is your home worth in today's market? Contact the Metzler Team to find out.

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Colorado Group Realty Insider - March 2019


How’s The Market?

Consistent with past years, February was a relatively quiet month for real estate in Routt County with $32.5M in closed sales. Nonetheless, it was more active than the previous two years when February sales were $24M. This February saw 47 closed transactions which is the least amount of transactions since February of last year. In fact, in each of the
last four years, the month of February has had the fewest closed transactions.

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Steamboat's Top Home Sales




In the past 18 months, there have been 6 residential home sales over $3 million in or within 5 miles of Steamboat Springs.

Nick Metzler and his team were honored to broker 4 of these 6 transactions in a continued effort to serve as Steamboat's trusted name in real estate.

Please contact us today to learn more about our strategies to sold, across ALL price ranges and types of properties.

Phone: 970-846-8811
Email: metzlerteam@mybrokers.com

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Colorado Group Realty Insider - February 2019


How’s The Market?

As we recuperate from another festive Winter carnival, complete with a spectacular fireworks show, the Steamboat Springs real estate market didn’t exactly start off with a bang in 2019. Sales volume in the city limits was just shy of $25M, down from $28M in 2018 and $35M in 2017. In Routt County, outside of Steamboat's city limits, there was another $2.5M in January sales volume. In our market, winter months are typically the slowest months of the year and then activity picks up significantly in spring and summer.

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2018 Annual Report


With the stock market nishing down more than 5% in 2018, real estate in Steamboat was a safe haven investment. Single family homes appreciated 10.3% to a median sales price of $815K, while condos/townhomes increased 7.6% in value to a median sales price of $396K. We started the year with low inventory, so this appreciation isn’t surprising. Lack of inventory, especially under $1M, remained the market’s biggest challenge in 2018.

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Colorado Group Realty Insider - January 2019


How’s The Market?

With the stock market nishing down more than 5% in 2018, real estate in Steamboat was a safe haven investment with home prices up 4.3%. Single family homes appreciated a whopping 10% to a median sales price of $814K, while condos/townhomes increased in value to a median price of $398K. We started 2018 with low inventory, so this appreciation isn’t surprising; however, total sales volume outpaced projections with the overall market volume up 7% to $526M, the most activity of any year in the last decade.

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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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