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 - 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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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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