Colorado real estate.
By Colorado people.
AsColorado'sindependent,locallyowned andoperated real estatecompany,we aredeeplyinvestedin our communitiesandfullycommitted to buildingup this incredibleplace.Whenyouwork withusyounot onlyget best-in-classservice, youcanknowthat your businessand support stayslocal creating abright future for thebenefit of all.
STAY UP TO DATE ALL YEAR LONG Our teamof market expertsupdatesTheSlifer Report biannually.To explorethelatest numbersfrom Steamboat andacrossColorado ingreater detail,scan thecodeor visit:
A LETTER FROM OUR PRESIDENT
In 2024, Slifer Smith & Frampton navigated a challenging market shaped by significant industry changes, limited inventory, and elevated interest rates. Despite these obstacles, Slifer Smith & Frampton rose to the occasion, achieving growth in nearly every market and demonstrating the dedication, expertise, and resilience of our brokers, as well as their ability to overcome challenges for our buyers and sellers. Our commitment to the communities we serve has solidified our position as market share leaders across the stateof Colorado.
First and foremost,wewerethrilled to expand our footprint in Colorado with theopening of anew officein downtown Steamboat Springs We are, at our core, a company focused on serving Colorado?s mountain communitiesandwearehonored to nowbeservingSteamboat Springsand theYampaValley
In 2024, theSteamboat Springsreal estatemarket had more transactions, greater volume, and higher prices compared to 2023.Thisoutcomelikelysurprised many and highlightsthecontinued strength of thismarket. This is in part due to the surge in new construction across the city and resort area. With at least seven multi-family projects and hotels currently underway, some properties are commanding prices in the low to mid $2,000 per squarefoot range.Asacompany,we?reproud to collaboratewith East West Partnerson one of these exciting developments, The Amble, located next to The Steamboat Grand and currently under construction. In addition, Steamboat experienced notablegrowth in itsluxury market segment in 2024,with eight condominiumand townhomepropertiessellingfor $4.0 millionor moreand 15duplex and single-family homesclosingat $6.8millionor higher.
As we look to 2025, the key takeaway from the real estate market remains the timeless principle: location, location, location Real estate in the Rocky Mountains, particularly in resort areas, continues to hold its appeal These extraordinary places where we live, work, and play attract people from around the globe, keeping Steamboat Springs vibrant and ensuring it remains an outstanding investment We should see the market beginning to normalize, including modest declines in interest rates and an improved local inventory supply, creating a more balanced environment for both buyers and sellers While the best properties will continueto movequickly,buyerswill also havemoreopportunitiesto negotiate 2024 wasalso theyear welost Rod Slifer,oneof our esteemed co-founderswho wasalso thefirst realtor in the Vail Valley While we miss Rod dearly, we are proud to continue to carry on the legacy of integrity and service to our community in his honor. We are proud to serve our communities through the Slifer Foundation which supports a myriad of non-profit entities, and we look forward to deploying these resources as we grow our footprint in the Steamboat Springscommunity.
As we close out 2024, we reaffirm our commitment to being constant stewards of our Colorado communities and look forward to being an invaluablepartner to our buyersand sellersin2025.
CHRIS LANKHORST
Yampa Valley Market President
MARKET OVERVIEW
RESIDENTIAL SALES VOLUME
COMPARISON
RESIDENTIAL TRANSACTION
COMPARISON
RESIDENTIAL AVERAGE SALES PRICE COMPARISON
ACTIVE RESIDENTIAL INVENTORY BY MONTH
Slifer
LUXURY OVERVIEW
Residential Sales Over $2 Million
LUXURY SALES VOLUME COMPARISON
LAND OVERVIEW
LAND SALES VOLUME COMPARISON
LUXURY TRANSACTION COMPARISON
LAND TRANSACTION COMPARISON
STEAMBOAT SPRINGS
Steamboat Springsembodiestheessenceof anauthentic Colorado mountaintown,offeringaresidential experience that harmoniouslyblendsWesternheritagewithworld-class skiing ThisYampaValleycommunitydeliversadistinctive mountainlifestylewhereranchingtraditions,outdoor recreation,andgenuinecommunityspirit createan atmosphereunlikeother resort destinations
Theresidential landscapeencompassesdiverse neighborhoods,fromhistoric downtownpropertiesto mountainestates Housingoptionsrangefromranch-style homesinthevalleyto ski-in/ski-out propertiesnear the resort,eachareamaintainingitsownuniquecharacter whilecontributingto Steamboat'sbroader community fabric Thetown'sfamouschampagnepowder and natural hot springsserveasnatural amenitiesthat enhancethe livingexperience
Beyondwinter recreation,Steamboat maintainsavibrant year-round communitywithstronglocal businesses, cultural events,and outdoor activities For homeowners seekingamountaintownexperiencethat preserves authentic character whileprovidingexceptional recreational opportunities,Steamboat Springsdelivers
$852 averagesold priceper squarefoot for single family&duplex,a10% increaseover 2023 $1.32M averagesold pricefor condos&townhomes,a 18%increaseover 2023
CONDOMINIUM & TOWNHOME
$369M salesvolumefor condos &townhomes,a38% increaseover 2023
$12M highest sale(residential)
RESIDENTIAL
& LAND SALES VOLUME COMPARISON
OAK CREEK & STAGECOACH
Oak Creek andStagecoachprovidedistinctivealternatives to Steamboat Springs' resort environment,offeringmore affordablemountainlivingopportunitiesinthesouthern YampaValley Thesecommunitiesmaintainstrong connectionsto thearea'sminingand ranchingheritage whileprovidingstrategic accessto regional recreation
Oak Creek retainsitshistoric miningtowncharacter,witha compact downtownand residential optionsthat rangefrom restoredhistoric homesto newer propertiesonthevalley edges Thetown'selevationprovidesdramatic viewsof the surroundingmountainswhilemaintainingamore independent,close-knit communityatmosphere
Stagecoach,centeredaround itsnamesakereservoir, deliversadifferent residential experiencewithlarger lots andnewer construction Theareaoffersdiverseproperty options,fromlakesidehomesto mountainviewparcels,all providingexceptional accessto water recreationand winter activities For homeownersseekingvalue-oriented mountainlivingwithstrongrecreational accessand authentic communitycharacter,theseSouthValley communitiespresent compellingalternativesto more developedresort areas
"Thetown'selevation providesdramatic viewsof thesurroundingmountains whilemaintainingamore independent,close-knit communityatmosphere."
$35.3M salesvolumefor single family&duplex,a39% decreaseover 2023
$498K averagesold pricefor condos&townhomes,a 36%increaseover 2023
CONDOMINIUM & TOWNHOME
$5.6M highest sale(land) $437 averagesold priceper squarefoot for single family&duplex,a5% decreaseover 2023
RESIDENTIAL & LAND SALES VOLUME COMPARISON
MILNER, HAYDEN & CRAIG
Thecommunitiesof Milner,Hayden,and Craigformthe backboneof theWesternYampaValley,offeringresidential opportunitiesthat emphasizeaffordability,space,and a genuineconnectionto Colorado'sranchingheritage These townsprovideanauthentic alternativeto resort-focused mountainlivingwhilemaintainingconvenient accessto Steamboat Springs' amenities
Haydenservesasthearea'stransportationhub withits regional airport,whileofferingamix of historic properties andnewer developments Craig,asthelargest community, deliverscomprehensiveservicesand diversehousing options Milner,positioned closest to Steamboat Springs, providesasmall-townresidential experiencewith strategic accessibility
For homeownersseekingauthentic WesternColorado living withstrongagricultural rootsand practical amenities,these communitiesoffer residential environmentsthat celebrate theYampaValley'sranchingtraditionsand independent spirit Thearea'spositionalongtheYampaRiver provides year-round recreational opportunities,whileproximityto bothwildernessareasand energydevelopment createsa dynamic economic environment
"For homeownersseeking authentic WesternColorado living withstrongagricultural rootsand practical amenities,these communitiesoffer residential environmentsthat celebratethe YampaValley'sranchingtraditions andindependent spirit."
$578K averagesold pricefor singlefamily&duplex,a 7%increaseover 2023
$337 averagesold priceper squarefoot for condos& townhomes,a14% increaseover 2023
CONDOMINIUM & TOWNHOME
$2.395M highest sale(land) 17DAYS averagedaysonmarket for condos&townhomes, a47%decreaseover 2023
RESIDENTIAL & LAND SALES VOLUME COMPARISON
CLARK & NORTH ROUTT COUNTY
Thecommunitiesof NorthRoutt Countyand Clark embody Colorado mountainlivingat itsmost pristine,offeringa residential experiencethat balanceswildernessaccesswith genuineranchheritage Locatednorthof Steamboat SpringsalongtheElk River Valley,thisareaprovidesan immersivemountainlifestylewherenatural beautyand solitudetakeprecedence
Theresidential landscapefeaturespropertiesthat range fromhistoric ranchesto mountainretreats,each positionedto maximizedramatic viewsof theMount Zirkel WildernessAreaand Steamboat Lake Homesitestypically offer larger acreage,creatingnatural buffersand ensuring privacywhilemaintainingconvenient accessto outdoor recreation Thearea'slimited development preservesa connectionto itsranchingrootsand pristine natural environment
"NorthRoutt
For homeownersseekingamoreremovedmountainliving experiencewithimmediateaccessto wildernessareasand year-round recreation,NorthRoutt deliversaunique residential environment
deliversadistinctive residential environment for homeownersseekingamore removedmountainliving experiencewithimmediateaccess to wildernessareasand year-roundrecreation."
$503 averagesold priceper squarefoot for asingle family&duplex,a12% decreaseover 2023
$1.48M averagesold pricefor singlefamily&duplex,a 16%increaseover 2023
IMPROVED & UNIMPROVED LAND
$18.9M salesvolumefor improved/unimproved land,a142%increase over 2023
$14M highest sale(land)
RESIDENTIAL & LAND SALES VOLUME COMPARISON
NEW DEVELOPMENTS
Weareproud to betheonlybrokerageinColorado withafull divisiondedicated to bringingnewdevelopmentsto market.Our dedicatednewdevelopment teamhasbeeninstrumental inbringingseveral keyprojectsto market, leveragingdeeplocal knowledgeand long-standingrelationshipsto navigateanever-shiftingmarket Our recent development projectsfocusoncreatingmorediversehousingoptionsthat balanceenvironmental sensitivitywith contemporarylivingneeds Byprioritizingthoughtful design,communityintegration,and market responsiveness, thesedevelopmentsarenot just creatinghousing? they'reshapingthefutureof mountainlivingintheYampa ValleyandacrossColorado.
