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COLORADO GROUP REALTY

MyBrokers.com

2015 Mid-Year Market Statistics Steamboat Springs, Colorado

From the Desk of:

Randall Hannaway & Kevin Dietrich Broker/Owners

970-846-2104 Randall 970-389-6745 Kevin randall@mybrokers.com kevin@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

www.mybrokers.com

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

www.mybrokers.com


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

100% Locally Owned Members of Leading Real Estate Companies of the World速 The Largest Global Real Estate Network

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


Randall and Kevin Mid Year Report