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Steamboat Springs, CO Market Report

Real Estate Agent with The Group, Inc

Steamboat Springs, CO Market Report


rooftop deck, outdoor living, crawford avenue, old town, steamboat springs real estate, views, above old town
Colorado summers are meant to be spent outdoors.

Summer in The 'Boat is pretty special. I hope you have been out and about this summer soaking up the sun, reeling in the fish, floating in the river and lounging on the deck.

For questions about the Steamboat lifestyle and our real estate, please ask me. I am passionate about my community and real estate.


Search all Steamboat homes, townhomes and condos by clicking this link.


Routt County Real Estate Analysis


While May was the best month for gross sales of Routt County real estate thus far in 2015 at $47.6M, that is down -15.67% compared to May 2014.  103 transactions were closed in May down -15.57% compared to the previous year's month of May.


Price Point

% of transactions

Previous month % of transactions

% of volume

Previous month % of volume

Under $500K 66 67 29% 32%
$500,001 - $1M 27 16 31% 19%
$1M - $3M 9 18 26% 50%
Over $3M 2 0 14% 0%


There were 2 bank sales, down from 4 for the previous month. 47% of May's transactions were financed while 53% were cash closings.

May 2015 Routt County real estate synopsis

How's the local Steamboat Springs real estate market? All over the place. Some ups, some downs and lots of seasonal influence like in high-end condos. Take a look at current absorption rates for condos, single family home and townhomes. The absorption rate is the rate at which available properties are sold within a given period of time in a particular real estate market. A healthy real estate market has about 6 months of inventory. More than 6 months we consider to be a "buyer's market", less than 6 months is a "seller's market".

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single family home sales, steamboat springs real estate market, absorption rates, buyers market, sellers market, home sales, price point of homes sold, routt county real estate


townhome sales, steamboat springs real estate market, absorption rates, buyers market, sellers market, home sales, price point of homes sold, routt county real estate














































National Real Estate Market


U.S. home price increases slowed a bit according to the April 2015 S&P Case-Shiller Home Price Index. The national index rose 4.2% in the 12 months ending April 2015 compared to 4.3% for March.  The 10-city composite gained 4.6% year-over-year while the 20-city composite gained 4.9%.


“Home prices continue to rise across the country, but the pace is not accelerating," says David M. Blitzer, Managing Director & Chairman of the Index Committee for S&P Dow Jones Indices, "Moreover, consumer expectations are consistent with the current pace of price increases.” Blitzer is referring to a recent national survey published by the New York Fed which showed the average expected price increase among both owner and renters is 4.1%.


Pending home sales are 10.4% higher than a year ago, according to the National Association of Realtors. The solid pace of job creation over the past year has given the housing market a boost this spring in all four major regions. In May, however, interests rates rose on 30-year fixed loans from 3.6% to 4+%. Higher interest rates combined with rising home prices hurts affordability.


"Housing affordability remains a pressing issue with home-price growth increasing around four times the pace of wages," said Lawrence Yun, chief economist for the National Association of Realtors. "Without meaningful gains in new and existing supply, there's no question the goalpost will move further away for many renters wanting to become homeowners." Recent reports show that sales of new and existing homes are rising and construction of new homes had strong gains in May.


S&P Case Shiller Home Price Index for April 2015




Want to learn more about me?

Charlie Dresen

Real Estate Associate Broker |Sotheby's

Change Your Experience

970-846-6435 | SteamboatsMyHome.com


Comments (5)

David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Hey Charlie good info on a very special place. Love Steamboat, the powder and the skies are so perfect at times it doesnt even seem real

Jul 21, 2015 08:42 AM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Charlie Dresen, thank you for taking the time to share this market report.  This is great info for buyers and sellers alike!

Jul 21, 2015 09:57 PM
Charlie Dresen
The Group, Inc - Steamboat Springs, CO
Steamboat Springs, CO e-Pro

You got that right David Shamansky I'm pretty lucky. 

Thanks Jim Crawford 

Jul 24, 2015 01:04 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Charlie. Great job with your report, lots of detail and important information for folks interested in buying or selling.

Aug 03, 2015 06:17 PM
Charlie Dresen
The Group, Inc - Steamboat Springs, CO
Steamboat Springs, CO e-Pro

Thanks, Joe Petrowsky.


Aug 07, 2015 01:55 AM