Page 1

Neighbors. Friends. Realtors.

&

2013 Statistics


MARKET OVERVIEW During 2013 the Steamboat Springs market continued to show

Single Family Homes $300M $259K

improvement. That trend is anticipated to continue in 2014. Total sales in the Steamboat Springs market were $811 million an increase of 13% over 2012. Inventory at the end of 2013 was at a five year low. This

$213K

$200M

$157K

$149K $121K

$100M Total List Volume

decreasing inventory is pushing some areas of the market to a point where buyers are facing a sense of urgency when looking

$1.50M

in the City of Steamboat Springs than in 2012. In 2013, Colorado

$1.436M

$1.5M

at potential purchases. 2013 saw more single family homes sold

$1.265M

$1.25M

$1.239M

Group Realty continued to be involved with almost 25% of all real estate transactions in the market.

$1.120M

$1.00M Average List Price

On a national level, the consumer confidence index continues a slow but steady march upwards from its low in 2008. Interest rates, although not rock bottom, are still at historically low levels.

# of Listings

2009

2010

2011

2012

2013

173

169

127

114

104

In our major feeder market, the Front Range of Colorado home and price appreciation are on a tremendous upswing. All these

Condos/Townhomes

signs point to an improving 2014 market in Steamboat Springs.

$500M

The 2013-2014 ski season is off to a healthy start. Great early

$400M

$485K

$393K $351K

season snow conditions have continued into the first part of 2014. The new Four Points restaurant and night skiing have

$305K

$300M

$237K

added dramatically to the skier “on mountain” experience. Businesses throughout the city are reporting busy hotels, shops

$200M Total List Volume

and restaurants. While fifteen Steamboat Springs athletes have headed off to the Sochi Winter Olympics!

$809K

$800K

$723K

Please remember that if you need any information regarding the Steamboat Springs real estate market, contact your

$693K

$657K

$600K Average List Price

Colorado Group Realty broker. They will be more than happy to provide you with information or just tell you about what is going on in the Steamboat Springs area.

$689K

# of Listings

2009

2010

2011

2012

2013

600

544

510

441

360

THE NEW FOUR POINTS RESTAURANT AND NIGHT SKIING HAVE ADDED DRAMATICALLY TO THE SKIER “ON MOUNTAIN” EXPERIENCE. 2

2014 Annual Report & 2013 Statistics

COLORADO GROUP REALTY

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Steambot Building Permits issued

70

60 Building Permits Building PermitsIssued

90 80

60

40 30 20 10

2002

2003

50

2004

2005

2002

2003

2004

2005

2006

2007

2008

Single Family Home

66

2009

Duplex

Duplex

2013

Commercial

$1.8B

2011

2012

2013

Commercial

$1.77B

$1.69B

105

$1.6B 73

67

$1.50B

$1.40B

$1.4B

$1.3B

63

$1.2B 39

24

50

45 $1.05B

$0.97B

$1.0B

28

14

10

$0.8B

2004

31 20

19

16

1.6B

2012

2010

LISTING Listing INVENTORYInventory

31

$1.77B

2011

2009

STEAMBOAT SPRINGS BUILDING PERMITS ISSUED

40

24

2010

2008

2005 2005

2006 2006

Home

7

Duplex

2007 2007

8

3

11 10

2

2008 2008

2009 2009

$1.12B

0

2010 2010 2011

Commercial

$1.69B

7

$1.32B

2012

Source: Steamboat Springs Board of Realtors MLS

10

2013 SAW MORE SINGLE FAMILY HOMES SOLD IN THE CITY OF STEAMBOAT SPRINGS THAN IN 2012..

Source: Routt County Regional Building Department

Source: Steamboat Springs Board of Realtors MLS

20

IN OUR MAJOR $700 $800 $900 $1000 $1500 $2000+ 120 FEEDER MARKET, Price Range 100 2008 THE 2009 2010 FRONT RANGE 80 OF COLORADO 60 HOME AND PRICE 40 APPRECIATION ARE 20 ON A TREMENDOUS 2002 2003 LISTING INVENTORY UPSWING. 1.8B

2013

Average Sales & Number of Sales AVERAGE SALES PRICE & NUMBER OF SALES INPrice THE CITY OF STEAMBOAT SPRINGS $1.40B PURCHASE PRICE (IN 1,000’S)

$1,200

$1.3B

1291

1104

$1.32B $1.12B

$1,000 849

$1.05B

$800

$0.97B

851

774 686

647

623 545

$600

541

700

2005

350

322

2006

2007

2008

2009

2010

2011

2012

500

784 652

634

488

398

$400

600

980

439

400 300

407

2013

200

$200

NUMBER OF SALES

$1.50B

1.4B

0.8B

2007

Single Family Home

STEAMBOAT SPRINGS 30

1.0B

2006

Source: Steamboat Springs Board of Realtors MLS

Steambot Building Permits issued

70

50

Source: Routt County Regional Building Department

100

40 RANGE FAMILY HOME PRICE

1.2B

Source: Routt County Regional Building Department

80

100

2004

2005

2006

Condos/Townhomes

2007

2008

Single Family Homes

2009

2010

2011

2012

2013

Number of Sales

s

2014 Annual Report & 2013 Statistics

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3


Offices:

NORTH ROUTT

DOWNTOWN 509 Lincoln Avenue 970.870.8800

WEST

SHERATON 2200 Village Inn Court 970.870.8899

HAYDEN 349 West Jefferson Avenue 970.276.9101

To Hayden Office

ux D Bor dea

WEST STEAMBOAT

r

HAYDEN

CR 42 Winchester Trail ple St.

CR 42

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Sa

St.

r Pu

ur

p er S Silv

Moonlight Way Steamboat Dr.

rP l. Ha rbo

Galley Rd

l. N. Star P

or ch y An W

om

th Fa

Ha ve n

Pl.

4

ay

cle

Br

D r i ve

Dr

Linds

a n d on C i r

2014 Annual Report & 2013 Statistics

COLORADO GROUP REALTY

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DOWNTOWN FISH CREEK

MOUNTAIN

Downtown Office

Sheraton Office

STAGECOACH & OAK CREEK

Steamboat Springs Area Map 2014 Annual Report & 2013 Statistics

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5


DOWNTOWN/FISH CREEK

SINGLE FAMILY

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

19,329,900 0%

34 3%

138 -36%

568,527 -3%

1,100,000

310,000

2013 1ST HALF

19,332,250 19%

33 22%

215 17%

585,825 -9%

1,025,000

212,500

2012 2ND HALF

16,212,500 16%

27 29%

183 5%

646,300 -3%

1,739,000

279,500

2012 1ST HALF

13,940,680 -33%

21 -40%

175 25%

663,841 12%

1,225,000

280,000

2011 2ND HALF

20,687,880

35

140

591,082

1,605,000

275,000

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

9,515,500 -132%

24 140%

235 74%

396,475 -4%

801,000

79,000

2013 1ST HALF

4,109,500 -41%

10 -50%

135 -17%

410,950 19%

610,000

242,000

2012 2ND HALF

6,907,952 -4%

20 0%

163 -26%

345,398 -4%

682,500

67,000

2012 1ST HALF

7,187,800 15%

20 25%

221 10%

359,385 16%

750,000

85,900

2011 2ND HALF

6,242,226

16

201

309,139

828,000

109,000

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

2,899,600 304%

11 267%

410 31%

263,600 10%

792,900

115,000

2013 1ST HALF

717,500 -76%

3 -57%

314 -25%

239,166 -45%

320,000

197,500

2012 2ND HALF

3,018,900 370%

7 133%

416 9%

431,271 79%

744,000

235,000

2012 1ST HALF

642,000 -29%

3 -25%

381 128%

241,000 7%

329,000

130,000

2011 2ND HALF

903,000

4

167

225,975

547,900

99,900

CONDOMINIUM/TOWNHOME

LOTS

PRICE PER SQUARE FOOT: SINGLE FAMILY 2013 2ND HALF

2013 1ST HALF

2012 2ND HALF

2012 1ST HALF

2011 2ND HALF

AVG

291

241

253

250

226

HIGH

653

464

612

374

415

LOW

174

160

143

162

100

2013 2ND HALF

2013 1ST HALF

2012 2ND HALF

2012 1ST HALF

2011 2ND HALF

AVG

269

219

206

215

235

HIGH

500

280

463

585

455

LOW

116

191

103

142

119

PRICE PER SQUARE FOOT: CONDOMINIUM/TOWNHOME

6

2014 Annual Report & 2013 Statistics

COLORADO GROUP REALTY

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MOUNTAIN

SINGLE FAMILY

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

18,934,400 24%

21 40%

146 -30%

901,856 -11%

2,100,000

261,000

2013 1ST HALF

15,237,500 -17%

15 -32%

208 2%

1,015,833 -22%

2,500,000

389,000

2012 2ND HALF

18,373,970 27%

22 29%

204 -15%

835,180 -2%

3,500,000

358,000

2012 1ST HALF

14,418,025 -28%

17 0%

239 -8%

848,119 -28%

2,000,000

335,600

2011 2ND HALF

20,052,650

17

260

1,179,568

3,900,000

330,000

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

58,399,146 2%

151 16%

188 -10%

386,479 -12%

2,400,000

47,000

2013 1ST HALF

57,000,910 -24%

130 -19%

210 -6%

438,468 -6%

2,500,000

60,000

2012 2ND HALF

75,421,259 31%

161 21%

224 20%

468,455 8%

2,660,000

68,000

2012 1ST HALF

57,546,517 -8%

133 3%

186 -21%

432,680 -11%

2,725,000

50,000

2011 2ND HALF

62,548,626

129

234

484,873

2,825,000

58,000

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

4,583,950 103%

18 100%

153 -42%

254,664 2%

505,000

35,000

2013 1ST HALF

2,257,500 502%

9 800%

264 9%

250,839 -33%

580,011

154,995

2012 2ND HALF

375,000 -76%

1 -80%

242 140%

375,000 20%

375,000

375,000

2012 1ST HALF

1,559,000 -65%

5 -38%

101 -41%

311,800 -44%

400,000

179,000

2011 2ND HALF

4,434,400

8

170

554,300

1,575,000

132,500

CONDOMINIUM/TOWNHOME

LOTS

PRICE PER SQUARE FOOT: SINGLE FAMILY 2013 2ND HALF

2013 1ST HALF

2012 2ND HALF

2012 1ST HALF

2011 2ND HALF

AVG

275

273

251

257

309

HIGH

522

373

428

409

516

LOW

173

158

146

162

134

2013 2ND HALF

2013 1ST HALF

2012 2ND HALF

2012 1ST HALF

2011 2ND HALF

AVG

260

294

285

278

312

HIGH

797

511

853

947

926

LOW

110

91

82

76

84

PRICE PER SQUARE FOOT: CONDOMINIUM/TOWNHOME

2014 Annual Report & 2013 Statistics

COLORADO GROUP REALTY

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7


WEST OF TOWN

SINGLE FAMILY

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

9,083,730 44%

19 12%

164 14%

478,091 28%

1,292,000

82,000

2013 1ST HALF

6,328,500 -16%

17 0%

144% 3%

372,264 -16%

620,000

193,500

2012 2ND HALF

7,503,450 64%

17 13%

140 1%

441,379 45%

1,472,500

167,000

2012 1ST HALF

4,562,900 18%

15 36%

139 -31%

304,193 -13%

520,000

49,000

2011 2ND HALF

3,863,475

11

201

351,225

587,500

220,000

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

1,967,750 n/a

3 n/a

347 n/a

655,917 -1%

1,750,000

52,750

2013 1ST HALF

0 -100%

0 -100%

0 -100%

0 -100%

0

0

2012 2ND HALF

113,000 -50%

1 -50%

190 24%

113,000 -1%

113,000

113,000

2012 1ST HALF

228,250 -84%

2 -50%

153 -13%

114,125 -68%

123,350

105,000

2011 2ND HALF

1,447,895

4

175

361,974

1,100,000

62,895

LOTS

PRICE PER SQUARE FOOT: SINGLE FAMILY

8

2013 2ND HALF

2013 1ST HALF

2012 2ND HALF

2012 1ST HALF

2011 2ND HALF

AVG

183

191

182

134

140

HIGH

247

291

365

208

250

LOW

43

109

86

93

82

2014 Annual Report & 2013 Statistics

COLORADO GROUP REALTY

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HAYDEN

SINGLE FAMILY

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

3,180,500 70%

15 25%

145 -22%

121,033 -23%

375,000

116,000

2013 1ST HALF

1,874,650 3%

12 20%

186 -7%

156,220 -14%

338,000

50,500

2012 2ND HALF

1,818,600 -2%

10 -9%

199 5%

181,860 8%

310,000

38,000

2012 1ST HALF

1,856,275 24%

11 38%

189 -3%

168,752 -10%

280,000

43,575

2011 2ND HALF

1,492,815

8

194

186,602

275,000

110,000

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

180,000 n/a

1 n/a

785 n/a

180,000 n/a

180,000

180,000

2013 1ST HALF

0 -100%

0 -100%

0 -100%

0 -100%

0

0

2012 2ND HALF

74,900 -65%

1 -67%

113 -69%

74,900 3%

74,900

74,900

2012 1ST HALF

216,750 233%

3 200%

370 387%

72,250 11%

76,500

69,900

2011 2ND HALF

65,000

1

76

65,000

65,000

65,000

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

123,000 1195%

4 300%

112 129%

30,750 224%

38,000

23,500

2013 1ST HALF

9,500 -95%

1 -83%

49 -66%

9,500 -73%

9,500

9,500

2012 2ND HALF

210,500 251%

6 500%

146 -40%

35,083 -42%

40,000

30,000

2012 1ST HALF

60,000 -69%

1 -80%

245 155%

60,000 55%

60,000

60,000

2011 2ND HALF

193,500

5

96

38,700

67,000

19,000

CONDOMINIUM/TOWNHOME

LOTS

PRICE PER SQUARE FOOT: SINGLE FAMILY 2013 2ND HALF

2013 1ST HALF

2012 2ND HALF

2012 1ST HALF

2011 2ND HALF

AVG

117

96

100

84

78

HIGH

158

184

150

155

154

LOW

76

31

49

20

20

2013 2ND HALF

2013 1ST HALF

2012 2ND HALF

2012 1ST HALF

2011 2ND HALF

AVG

156

0

69

52

42

HIGH

156

0

69

54

42

LOW

156

0

69

48

42

PRICE PER SQUARE FOOT: CONDOMINIUM/TOWNHOME

2014 Annual Report & 2013 Statistics

COLORADO GROUP REALTY

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9


NORTH ROUTT

SINGLE FAMILY

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

2,620,000 205%

7 75%

400 -60%

374,286 74%

695,000

225,000

2013 1ST HALF

858,500 -71%

4 -60%

1,010 225%

214,625 -27%

249,500

157,000

2012 2ND HALF

2,955,250 0%

10 67%

311 99%

295,525 -20%

810,000

86,000

2012 1ST HALF

2,969,212 455%

6 100%

156 18%

371,151 108%

810,000

114,000

2011 2ND HALF

535,000

3

132

178,333

230,000

150,000

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2012 2ND HALF

239,000 -24%

4 33%

122 -76%

59,750 -43%

172,500

17,500

2012 1ST HALF

316,000 -71%

3 -40%

505 41%

105,333 -52%

191,000

25,000

2012 2ND HALF

1,099,500 28%

5 -17%

357 85%

219,900 54%

400,000

59,500

2012 1ST HALF

857,700 -48%

6 50%

193 -23%

142,950 -65%

385,000

3,200

2011 2ND HALF

1,644,000

4

251

411,000

1,100,000

56,000

LOTS

PRICE PER SQUARE FOOT: SINGLE FAMILY

10

2013 2ND HALF

2013 1ST HALF

2012 2ND HALF

2012 1ST HALF

2011 2ND HALF

AVG

158

102

143

143

139

HIGH

238

127

288

288

211

LOW

47

60

65

65

52

2014 Annual Report & 2013 Statistics

COLORADO GROUP REALTY

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STAGECOACH

SINGLE FAMILY

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

4,604,649 138%

12 71%

194 -21%

383,720 39%

1,200,000

185,601

2013 1ST HALF

1,937,250 -47%

7 -22%

245 1%

276,750 -32%

379,500

206,850

2012 2ND HALF

3,688,900 42%

9 0%

243 38%

409,878 42%

1,175,000

161,000

2012 1ST HALF

2,594,900 1%

9 0%

176 -13%

288,322 1%

510,000

180,000

2011 2ND HALF

2,575,175

9

203

286,131

471,000

120,000

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

1,164,800 483%

11 267%

108 27%

105,890 59%

124,900

75,000

2013 1ST HALF

199,800 -48%

3 -25%

85 -17%

66,600 -31%

76,900

50,000

2012 2ND HALF

385,000 -45%

4 -69%

103 13%

96,250 80%

125,000

60,000

2012 1ST HALF

693,800 -16%

13 18%

91 -49%

53,369 -29%

75,000

27,500

2011 2ND HALF

822,700

11

178

74,791

110,000

55,000

SALES

NUMBER

AVG DAYS

AVG SELL

HIGH

LOW

2013 2ND HALF

227,250 -22%

17 70%

228 -13%

13,368 -54%

80,000

2,750

2013 1ST HALF

290,500 36%

10 67%

263 -8%

29,050 -18%

167,500

3,250

2012 2ND HALF

213,000 163%

6 -14%

285 16%

35,500 207%

79,500

4,500

2012 1ST HALF

81,000 -57%

7 -22%

245 -22%

11,571 -45%

22,000

4,500

2011 2ND HALF

188,300

9

314

20,922

120,000

2,400

CONDOMINIUM/TOWNHOME

LOTS

PRICE PER SQUARE FOOT: SINGLE FAMILY 2013 2ND HALF

2013 1ST HALF

2012 2ND HALF

2012 1ST HALF

2011 2ND HALF

AVG

154

130

136

110

114

HIGH

348

158

247

139

143

LOW

89

86

70

69

72

2013 2ND HALF

2013 1ST HALF

2012 2ND HALF

2012 1ST HALF

2011 2ND HALF

AVG

74

53

68

63

54

HIGH

89

57

89

52

73

LOW

53

51

42

22

39

PRICE PER SQUARE FOOT: CONDOMINIUM/TOWNHOME

2014 Annual Report & 2013 Statistics

COLORADO GROUP REALTY

www.MyBrokers.com

11


DOWNTOWN 509 Lincoln Avenue • 970.870.8800

SHERATON 2200 Village Inn Court • 970.870.8899

HAYDEN 349 West Jefferson Avenue • 970.276.9101

CGR 2014 Annual Report & 2013 Statistics  
CGR 2014 Annual Report & 2013 Statistics