COLORADO GROUP REALTY
MyBrokers.com
2015 Mid-Year Market Statistics Steamboat Springs, Colorado
From the Desk of:
Shelley Stanford Broker/Owner 970-846-2991 shelley@mybrokers.com
Neighbors. Friends. Realtors. 100% Locally Owned Downtown 509 Lincoln Avenue 970.870.8800
Sheraton 2200 Village Inn Court 970.870.8899
Hayden 2349 W. Jefferson 970.276.9102
MARKET TRENDS The real estate market in the City of Steamboat Springs continues to be strong. For the first six months of 2015, the number of transactions were 249 with is basically the same number of transactions for the first six months of 2014. Total sales volume was $134 million which down slightly (7%) from the same period of 2014. Inventory continues to tighten in the city. As of June 30, 2015, the number of condos and townhome on the market dropped by 13% from the prior year to 350 units. The number of residential lots dropped by 29% to only 94 lots. The same trend was seen in single family homes listed for sale. That segment of the market dropped by 15% to 116 homes for sale. At present the market does not significantly favor buyers or sellers. But if this tightening of inventory continues into the first part of 2016, the equilibrium currently seen may shift in favor of the sellers. Colorado Group Realty continues to participate in almost 30% of all real estate transactions. If you have any questions about the market, please contact your Colorado Group Realty broker. FIRST OF 2015 COMPARED TO THE FIRST HALF OF 2014 FOR THE CITY OF STEAMBOAT SPRINGS
LISTINGS
398
350
$228,432,550
$234,324,274
$571,950
$669,497
CONDO TOWNHOMES NUMBER
137
116
AVERAGE VALUE
TOTAL VALUE
$189,479,288
$162,249,980
$1,383,600
$1,398,706
SINGLE FAMILY HOMES NUMBER
132
94
TOTAL VALUE
$53,013,055
$37,620,085
AVERAGE VALUE
$401,603
$400,213
SINGLE FAMILY LOTS NUMBER
SOLDS
167
173
FIRST OF 2015 COMPARED TO THE FIRST HALF OF 2014
TOTAL VALUE
$75,863,251
$76,711,194
AVERAGE VALUE
$454,270
$443,417
CONDO TOWNHOMES NUMBER
65
51
TOTAL SALES
$64,228,105
$47,468,050
AVERAGE SALES PRICE
$988,124
$929,569
SINGLE FAMILY HOMES NUMBER
18
25
TOTAL SALES
$75,863,251
$9,923,980
AVERAGE SALES PRICE
$333,555
$396,959
SINGLE FAMILY LOTS NUMBER
2
2015 Mid-Year Market Statistics
TOTAL SALES
COLORADO GROUP REALTY
AVERAGE SALES PRICE
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DOWNTOWN/FISH CREEK AREA
SINGLE FAMILY
2015 1ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
SALES
NUMBER
AVG DAYS
AVG SELL
$14,455,000 -46% $26,860,450 -6% $28,482,480 47% $19,329,900 0%
15 -63% 41 24% 33 -3% 34 3%
242 82% 133 -11% 149 8% 138 -36%
$963,667 47% $655,133 -24% $863,105 52% $568,527 -3%
HIGH
LOW
$3,150,000
$460,000
$2,750,000
$110,000
$2,000,000
$320,100
$1,100,000
$310,000
$19,332,250
33
215
$585,825
$1,025,000
$212,500
SALES
NUMBER
AVG DAYS
AVG SELL
HIGH
LOW
$8,965,000 -59% $21,748,610 90% $11,464,726 20% $9,515,500 132%
21 -53% 45 137% 19 -21% 24 140%
223 8% 206 -50% 410 74% 235 74%
$426,905.00 -12% $483,302.00 -20% $603,407 52% $396,475 -4%
$790,000
$131,000
$896,000
$130,000
$1,250,000
$110,000
$801,000
$79,000
$4,109,500
10
135
$410,950
$610,000
$242,000
SALES
NUMBER
AVG DAYS
AVG SELL
HIGH
LOW
$2,022,000 127% $889,000 -64% $2,474,000 -15% $2,899,600 304%
6 50% 4 -43% 7 -36% 11 267%
6 50% 4 -43% 7 -36% 11 267%
$337,000 52% $222,250 -37% $353,429 34% $263,600 10%
$507,500
$205,000
$420,000
$119,000
$910,000
$75,000
$792,900
$115,000
3
3
$239,166
$320,000
$197,500
CONDOMINIUM/TOWNHOME
2015 1ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
LOTS
2015 1ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF
2013 1ST HALF $717,500 PRICE PER SQUARE FOOT: SINGLE FAMILY 2015 1ST HALF
2014 2ND HALF
2014 1ST HALF
2013 2ND HALF
2013 1ST HALF
AVE
317
284
315
291
241
HIGH
542
637
723
653
464
LOW
203
65
148
174
160
2015 1ST HALF
2014 2ND HALF
2014 1ST HALF
2013 2ND HALF
2013 1ST HALF
AVE
292
276
343
269
219
HIGH
541
633
741
500
280
LOW
149
132
156
116
191
PRICE PER SQUARE FOOT: CONDOMINIUM/TOWNHOME
2015 Mid-Year Market Statistics
COLORADO GROUP REALTY
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3
MOUNTAIN
SINGLE FAMILY
2015 1ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
SALES
NUMBER
AVG DAYS
AVG SELL
$18,806,000 -22% $24,092,900 16% $20,833,625 10% $18,934,400 24%
16 -36% 25 32% 19 -10% 21 40%
304 105% 148 -24% 195 34% 146 -30%
$1,175,375 22% $963,716 -12% $1,096,507 22% $901,856 -11%
HIGH
LOW
$2,600,000
$390,000
$3,662,500
$390,000
$2,500,000
$552,000
$2,100,000
$261,000
$15,237,500
15
208
$1,015,833
$2,500,000
$389,000
SALES
NUMBER
AVG DAYS
AVG SELL
HIGH
LOW
$68,231,444 -19% $83,977,950 32% $63,859,525 9% $58,399,146 2%
151 -21% 190 30% 146 -3% 151 16%
197 17% 169 -13% 195 4% 188 -10%
$451,864 2% $441,989 1% $437,394 13% $386,479 -12%
$2,300,000
$80,000
$2,125,000
$41,000
$3,150,000
$38,500
$2,400,000
$47,000
$57,000,910
130
210
$438,468
$2,500,000
$60,000
SALES
NUMBER
AVG DAYS
AVG SELL
HIGH
LOW
$5,431,980 -36% $8,524,860 144% $3,494,995 -24% $4,583,950 103%
15 -38% 24 140% 10 -44% 18 100%
505 52% 333 -15% 390 155% 153 -42%
$362,132 2% $355,203 2% $349,500 37% $254,664 2%
$530,000
$194,995
$630,000
$95,000
$525,000
$155,000
$505,000
$47,000
$2,257,500
9
264
$250,839
$580,011
$154,995
CONDOMINIUM/TOWNHOME
2015 1ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
LOTS
2015 1ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
PRICE PER SQUARE FOOT: SINGLE FAMILY 2015 1ST HALF
2014 2ND HALF
2014 1ST HALF
2013 2ND HALF
2013 1ST HALF
AVG
314
287
309
275
273
HIGH
549
617
584
522
373
LOW
172
108
191
173
158
2015 1ST HALF
2014 2ND HALF
2014 1ST HALF
2013 2ND HALF
2013 1ST HALF
AVG
302
280
280
260
294
HIGH
788
836
828
797
511
LOW
155
71
120
110
91
PRICE PER SQUARE FOOT: CONDOMINIUM/TOWNHOME
4
2015 Mid-Year Market Statistics
COLORADO GROUP REALTY
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WEST OF TOWN
SINGLE FAMILY
SALES
NUMBER
AVG DAYS
AVG SELL
$7,433,550 -14% $8,672,825 18% $7,366,700 -19% $9,083,730 44%
17 -23% 22 47% 15 -21% 19 12%
180 55% 116 -41% 195 19% 164 14%
$437,268 11% $394,219 -20% $491,113 3% $478,091 28%
HIGH
LOW
$680,000
$277,500
$740,000
$128,000
$750,000
$275,000
$1,292,000
$82,000
$6,328,500
17
144
$372,264
$620,000
$193,500
SALES
NUMBER
AVG DAYS
AVG SELL
HIGH
LOW
2015 1ST HALF
$697,250
2
234
$348,625
$367,250
$330,000
2014 2ND HALF
n/a
n/a
n/a
n/a
n/a
n/a
2014 1ST HALF
n/a
n/a
n/a
n/a
n/a
n/a
2013 2ND HALF
n/a
n/a
n/a
n/a
n/a
n/a
2013 1ST HALF
n/a
n/a
n/a
n/a
n/a
n/a
SALES
NUMBER
AVG DAYS
AVG SELL
HIGH
LOW
$353,000 -91% $3,836,000 951% $365,000 -81% $1,967,750 n/a
3 -50% 6 200% 2 -33% 3 n/a
228 -25% 304 769% 35 -90% 347 n/a
$117,667 -82% $639,333 250% $182,500 -72% $655,917 -1%
$180,000
$48,000
$2,100,000
$108,000
$250,000
$115,000
$1,750,000
$52,750
0
0
0
0
0
0
2015 1ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
CONDOMINIUM/TOWNHOME
LOTS
2015 1ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
PRICE PER SQUARE FOOT: SINGLE FAMILY 2015 1ST HALF
2014 2ND HALF
2014 1ST HALF
2013 2ND HALF
2013 1ST HALF
AVG
211
182
185
183
191
HIGH
339
287
282
247
291
LOW
121
128
84
43
109
2015 1ST HALF
2014 2ND HALF
2014 1ST HALF
2013 2ND HALF
2013 1ST HALF
AVG
209
n/a
n/a
n/a
n/a
HIGH
219
n/a
n/a
n/a
n/a
LOW
200
n/a
n/a
n/a
n/a
PRICE PER SQUARE FOOT: CONDOMINIUM/TOWNHOME
2015 Mid-Year Market Statistics
COLORADO GROUP REALTY
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5
HAYDEN
SINGLE FAMILY
2015 1 ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
SALES
NUMBER
AVG DAYS
AVG SELL
$2,905,000 0% $2,895,938 17% $2,475,950 -22% $3,180,500 70%
16 0% 16 23% 13 -13% 15 25%
264 67% 158 18% 134 -8% 145 -22%
$181,563 0% $180,996 -5% $190,458 57% $121,033 -23%
HIGH
LOW
$272,500
$68,500
$297,000
$71,150
$305,000
$40,000
$375,000
$116,000
$1,874,650
12
186
$156,220
$338,000
$50,500
SALES
NUMBER
AVG DAYS
AVG SELL
HIGH
LOW
$0 -100% $343,000 91% $180,000 n/a $0
0 -100% 2 100% 1 n/a 0
0 -100% 162 -79% 785 n/a 0
$0 -100% $171,500 -5% $180,000 n/a $0
$0
$0
$230,000
$113,000
$180,000
$180,000
-100%
-100%
-100%
-100%
$0
$0
$74,900
1
113
$74,900
$74,900
$74,900
HIGH
LOW
$50,000
$20,000
$55,000
$33,000
$175,000
$37,500
$38,000
$23,500
$9,500
$9,500
CONDOMINIUM/TOWNHOME
2015 1 ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
LOTS
2015 1 ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
SALES
NUMBER
AVG DAYS
AVG SELL
$207,250 136% $88,000 -59% $212,500 73% $123,000 1195%
6 200% 2 0% 2 -50% 4 300%
109 -27% 149 -24% 196 75% 112 129%
$34,542 -21% $44,000 -59% $106,250 246% $30,750 224%
$9,500
1
49
$9,500
PRICE PER SQUARE FOOT: SINGLE FAMILY 2015 1ST HALF
2014 2ND HALF
2014 1ST HALF
2013 2ND HALF
2013 1ST HALF
AVG
123
124
120
117
96
HIGH
181
173
209
158
184
LOW
64
63
29
76
31
2015 1ST HALF
2014 2ND HALF
2014 1ST HALF
2013 2ND HALF
2013 1ST HALF
AVG
0
116
0
156
0
HIGH
0
146
0
156
0
LOW
0
87
0
156
0
PRICE PER SQUARE FOOT: CONDOMINIUM/TOWNHOME
6
2015 Mid-Year Market Statistics
COLORADO GROUP REALTY
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NORTH ROUTT
SINGLE FAMILY
2015 1 ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
SALES
NUMBER
AVG DAYS
AVG SELL
$5,781,500 -22% $7,421,500 227% $2,273,000 -13% $2,620,000 205%
11 -21% 14 133% 6 -14% 7 75%
370 80% 206 -44% 368 -8% 400 -60%
$525,591 4% $503,107 33% $378,833 1% $374,286 74%
HIGH
LOW
$1,950,000
$240,000
$1,400,000
$91,500
$530,000
$200,000
$695,000
$225,000
$858,500
4
1,010
$214,625
$249,500
$157,000
SALES
NUMBER
AVG DAYS
AVG SELL
HIGH
LOW
$360,500 6% $340,500 701% $42,500 -36% $66,500 -79%
4 0% 4 300% 1 -67% 3 0%
242 38% 175 -42% 303 229% 92 -82%
$90,125 6% $85,125 100% $42,500 91% $22,197 -79%
$127,500
$63,000
$165,000
$3,000
$42,500
$42,500
$30,000
$17,500
$316,000
3
506
$105,333
$191,000
$25,000
LOTS
2015 1 ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
PRICE PER SQUARE FOOT: SINGLE FAMILY 2015 1ST HALF
2014 2ND HALF
2014 1ST HALF
2013 2ND HALF
2013 1ST HALF
AVG
161
283
268
158
102
HIGH
291
763
584
238
127
LOW
98
134
146
47
60
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2015 Mid-Year Market Statistics
COLORADO GROUP REALTY
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7
STAGECOACH
SINGLE FAMILY
2015 1 ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
SALES
NUMBER
AVG DAYS
AVG SELL
$5,496,399 42% $3,872,800 58% $2,444,000 -47% $4,604,649 138%
14 27% 11 38% 8 -33% 12 71%
204 81% 113 -41% 192 -1% 194 -21%
$392,600 12% $352,073 15% $305,500 -20% $383,720 39%
HIGH
LOW
$690,000
$197,900
$695,000
$197,900
$462,500
$215,000
$1,200,000
$185,601
$1,937,250
7
245
$276,750
$379,500
$206,850
SALES
NUMBER
AVG DAYS
AVG SELL
HIGH
LOW
$556,500 -46% $1,034,900 14% $908,450 -22% $1,164,800
5 -44% 9 -10% 10 -9% 11
52 -52% 109 -22% 139 29% 108
$111,300 -3% $114,989 27% $90,845 -14% $105,890
$140,000
$65,000
$136,000
$60,000
$129,750
$36,100
483%
267%
27%
59%
$124,900
$75,000
$199,800
3
85
$66,600
$76,900
$50,000
HIGH
LOW
$365,000
$2,000
$275,000
$3,300
$30,000
$2,600
$80,000
$2,750
$167,500
$3,250
CONDOMINIUM/TOWNHOME
2015 1 ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
LOTS
2015 1 ST HALF 2014 2ND HALF 2014 1ST HALF 2013 2ND HALF 2013 1ST HALF
SALES
NUMBER
AVG DAYS
AVG SELL
$572,200 38% $415,700 222% $129,099 -43% $227,250 -22%
13 30% 10 -9% 11 -35% 17 70%
268 3% 260 16% 225 -1% 228 -13%
$44,015 6% $41,570 254% $11,736 -12% $13,368 -54%
$290,500
10
263
$29,050
PRICE PER SQUARE FOOT: SINGLE FAMILY 2015 1ST HALF
2014 2ND HALF
2014 1ST HALF
2013 2ND HALF
2013 1ST HALF
AVG
148
164
152
154
130
HIGH
246
205
196
348
158
LOW
84
118
110
89
86
2015 1ST HALF
2014 2ND HALF
2014 1ST HALF
2013 2ND HALF
2013 1ST HALF
AVG
92
81
71
74
53
HIGH
110
97
92
89
57
LOW
75
49
42
53
51
PRICE PER SQUARE FOOT: CONDOMINIUM/TOWNHOME
8
2015 Mid-Year Market Statistics
COLORADO GROUP REALTY
www.mybrokers.com