2015 Annual Report

OVERVIE W OF THE STEAMBOAT SPRINGS REAL ESTATE MARKE T | 2015 END OF YEAR

P h o t o : D a v i d D i e t r i c hNeighbors. Friends. Realtors.

COLORADO GROUP REALTY

2015 Annual Report

From the Desk of:

Joanne EricksonBroker Associate970-819-0755

[email protected]

2015 Annual Report & Statistics COLORADO GROUP REALTY www.MyBrokers.com2

MARKET OVERVIEWAfter years of wild swings, 2015 saw the return of a stable market to Steamboat Springs. Sales volume for the year was slightly

above $1.0 billion which was consistent with 2014 sales volume. The 2015 year-end listing volume was at $1.2 billion, which

again was very consistent with the 2014 year-end sales listing volume. These two factors point a balanced market, in which

neither sellers nor buyers have a distinct advantage.

Once again in 2015, Colorado Group Realty participated in almost 30% of all Steamboat Springs real estate transactions. Any of our brokers would be glad to discuss the market with you, just give a call!

TOTAL LISTING INVENTORY

STEAMBOAT SPRINGS BUILDING PERMITS ISSUED

0

500,000,000

1,000,000,000

1,500,000,000

2,000,000,000

2005

2002

$1.05 B

2006

20052003 2004

$969 M

2007

2006 2007

$1.30 B

2008

2008

$1.77 B

2009

2009

$1.69 B

2010

2010

$1.50 B

2011

2011

$1.40 B

2012

2012

$1.32 B

2013

2013

$1.12 B

2014

2014

$1.21 B

2015

2015

$1.23 B

0

20

40

60

80

100

120

39

114

Single Family Home Duplex Commercial

2015 Annual Report & Statistics COLORADO GROUP REALTY www.MyBrokers.com 3

SINGLE FAMILY HOMES

CONDOS & TOWNHOUSES

AVERAGE SALES PRICE

AVERAGE SALES PRICENUMBER OF SALES

NUMBER OF SALES

2005

2005

2003

2003

2004

2004

2006

2006

2007

2007

2008

2008

2009

2009

2009

2009

2010

2010

2010

2010

2011

2011

2011

2011

2012

2012

2012

2012

2013

2013

2013

2013

2014

2014

2014

2014

20152015

2015 2015

0

300

600

900

1200

1500

$582

,000

$686

,000

$774

,000

$849

,000

$851

,000 $9

80,0

00

$784

,000

$634

,000

$652

,000 $7

83,0

00

$863

,000

$1,1

04,0

00 $1,2

91,0

00

0

100

200

300

400

500

600

700

800

$294

,000

$322

,000

$350

,000

$398

,000

$647

,000

$541

,000

$488

,000

$439

,000

$407

,000

$452

,000

$445

,000

$545

,000 $6

23,0

00

58

172

84

243

120

256

118

336

132

330

142

401

139

429


SINGLE FAMILY HOMES | TOTAL LIST VOLUME

SINGLE FAMILY HOMES | AVERAGE LIST PRICE

SINGLE FAMILY HOMES | NUMBER OF LISTINGS

0

50

100

150

200

250

300

2009

2009

2009

2010

2010

2010

2011

2011

2011

2012

2012

2012

2013

2013

2013

2014

2014

2014

2015

2015

2015

$259 M

$213 M

$157 M

$121 M

$149 M$131 M $140 M

0.0

0.5

1.0

1.5

2.0

0

50

100

150

200

$1.5 M

$1.27 M $1.24 M$1.12 M

$1.44 M$1.5 M

$1.61 M

173 169

127114

104

8787


CONDOS & TOWNHOMES | TOTAL LIST VOLUME

CONDOS & TOWNHOMES | AVERAGE LIST PRICE

CONDOS & TOWNHOMES | NUMBER OF LISTINGS

0

100

200

300

400

500

2009 2010 2011 2012 2013 2014 2015

$485 M

$393 M

$351 M

$305 M

$237 M$219 M $209 M

0

200

400

600

800

1000

2009 2010 2011 2012 2013 2014 2015

$809 K

$723 K$689 K $693 K

$657 K $682 K $696 K

0

100

200

300

400

500

600

2009 2010 2011 2012 2013 2014 2015

600

544510

441

360

293321


PRICE PER SQUARE FOOT: SINGLE FAMILY

2015 2ND 2015 1ST 2014 2ND 2014 1ST 2013 2ND

AVERAGE 331 317 284 315 291

HIGH 601 542 637 723 653

LOW 181 203 65 148 174

PRICE PER SQUARE FOOT: CONDOMINIUM/TOWNHOME

2015 2ND 2015 1ST 2014 2ND 2014 1ST 2013 2ND

AVERAGE 311 292 276 343 269

HIGH 764 541 633 741 500

LOW 166 149 132 156 116

DOWNTOWN/FISH CREEK SINGLE FAMILY

SALES NUMBER AVG DAYS AVG SELL HIGH LOW

2015 2ND HALF$26,415,600 33 173 800,473

1,850,000 360,50083% 120% -29% -17%

2015 1ST HALF$14,455,000 15 242 963,667

3,150,000 460,000-46% -63% 82% 47%

2014 2ND HALF$26,860,450 41 133 655,133

2,750,000 110,000-6% 24% -11% -24%

2014 1ST HALF28,482,480 33 149 863,105

2,000,000 320,10047% -3% 8% 52%

2013 2ND HALF 19,329,900 34 138 568,527 1,100,000 310,000

CONDOMINIUM/TOWNHOME


2015 2ND HALF$26,415,600 33 173 800,473

1,850,000 360,50083% 120% -29% -17%

2015 1ST HALF$14,455,000 15 242 963,667

3,150,000 460,000-46% -63% 82% 47%

2014 2ND HALF$26,860,450 41 133 655,133

2,750,000 110,000-6% 24% -11% -24%

2014 1ST HALF28,482,480 33 149 863,105

2,000,000 320,10047% -3% 8% 52%

2013 2ND HALF 19,329,900 34 138 568,527 1,100,000 310,000

LOTS


2015 2ND HALF1,822,500 5 392 364,500

950,000 155,000-10% -17% -39% 8%

2015 1ST HALF2,022,000 6 643 337,000

507,500 205,000127% 50% 22% 52%

2014 2ND HALF889,000 4 528 222,250

420,000 119,000-64% -43% 14% -37%

2014 1ST HALF2,474,000 7 463 353,429

910,000 75,000-15% -36% 13% 34%

2013 2ND HALF 2,899,600 11 410 263,600 792,900 115,000



2015 2ND 2015 1ST 2014 2ND 2014 1ST 2013 2ND

AVERAGE 332 314 287 309 275

HIGH 638 549 617 584 522

LOW 176 172 108 191 173


2015 2ND 2015 1ST 2014 2ND 2014 1ST 2013 2ND

AVERAGE 304 302 280 280 260

HIGH 903 788 836 828 797

LOW 138 155 71 120 110

MOUNTAINSINGLE FAMILY


2015 2ND HALF36,386,200 32 263 1,137,069

4,125,000 400,00093% 100% -13% -3%

2015 1ST HALF18,806,000 16 304 1,175,375

2,600,000 390,000-22% -36% 105% 22%

2014 2ND HALF24,092,900 25 148 963,716

3,662,500 390,00016% 32% -24% -12%

2014 1ST HALF20,833,625 19 195 1,096,507

2,500,000 552,00010% -10% 34% 22%

2013 2ND HALF 18,934,400 21 146 901,856 2,100,000 261,000



2015 2ND HALF97,452,200 210 185 464,058

2,150,000 72,000 43% 39% -6% 3%

2015 1ST HALF68,231,444 151 197 451,864

2,300,000 80,000 -19% -21% 17% 2%

2014 2ND HALF83,977,950 190 169 441,989

2,125,000 41,000 32% 30% -13% 1%

2014 1ST HALF63,859,525 146 195 437,394

3,150,000 38,500 9% -3% 4% 13%

2013 2ND HALF 58,399,146 151 188 386,479 2,400,000 47,000

LOTS


2015 2ND HALF4,613,485 11 528 419,408

555,000 239,995 -15% -27% 5% 16%

2015 1ST HALF5,431,980 15 505 362,132

530,000 194,995 -36% -38% 52% 2%

2014 2ND HALF8,524,860 24 333 355,203

630,000 95,000 144% 140% -15% 2%

2014 1ST HALF3,494,995 10 390 349,500

525,000 155,000 -24% -44% 155% 37%

2013 2ND HALF 4,583,950 18 153 254,664 505,000 47,000



2015 2ND 2015 1ST 2014 2ND 2014 1ST 2013 2ND

AVERAGE 2015 2nd 2015 1st 2014 2nd 2014 1st 2013 2nd

HIGH 239 211 182 185 183

LOW 391 339 287 282 247


2015 2ND 2015 1ST 2014 2ND 2014 1ST 2013 2ND

AVERAGE 227 209 0 0 0

HIGH 227 219 0 0 0

LOW 227 200 0 0 0

WEST OF TOWNSINGLE FAMILY


2015 2ND HALF12,716,150 23 120 552,876

815,000 175,250 71% 35% -33% 26%

2015 1ST HALF7,433,550 17 180 437,268

680,000 277,500 -14% -23% 55% 11%

2014 2ND HALF8,672,825 22 116 394,219

740,000 128,000 18% 47% -41% -20%

2014 1ST HALF7,366,700 15 195 491,113

750,000 275,000 -19% -21% 19% 3%

2013 2ND HALF 9,083,730 19 164 478,091 1,292,000 82,000



2015 2ND HALF376,000 1 42 376,000

376,000 376,000 -46% -50% -82% 8%

2015 1ST HALF697,250 2 234 348,625

367,250 330,000 n/a n/a n/a n/a

LOTS


2015 2ND HALF1,022,499 5 185 204,500

445,977 121,022 190% 67% -19% 74%

2015 1ST HALF353,000 3 228 117,667

180,000 48,000 -91% -50% -25% -82%

2014 2ND HALF3,836,000 6 304 639,333

2,100,000 108,000 951% 200% 769% 250%

2014 1ST HALF365,000 2 35 182,500

250,000 115,000 -81% -33% -90% -72%

2013 2ND HALF 1,967,750 3 347 655,917 1,750,000 52,750



2015 2ND 2015 1ST 2014 2ND 2014 1ST 2013 2ND

AVERAGE 138 123 124 120 117

HIGH 186 181 173 209 158

LOW 35 64 63 29 76


2015 2ND 2015 1ST 2014 2ND 2014 1ST 2013 2ND

AVERAGE 147 0 116 0 156

HIGH 147 0 146 0 156

LOW 147 0 87 0 156

HAYDENSINGLE FAMILY


2015 2ND HALF169,000 1 354 169,000

169,000 169,000 N/A N/A N/A N/A

2015 1ST HALF0 0 0 0

0 0 -100% -100% -100% -100%

2014 2ND HALF343,000 2 162 171,500

230,000 113,000 91% 100% -79% -5%

2014 1ST HALF180,000 1 785 180,000

180,000 180,000 n/a n/a n/a n/a

2013 2ND HALF 0 0 0 0 0 0



2015 2ND HALF$343,000 2 162 $171,500

$230,000 $113,000 91% 100% -79% -5%

2015 1ST HALF$180,000 1 785 $180,000

$180,000 $180,000 n/a n/a n/a n/a

2014 2ND HALF$0 0 0 $0

$0 $0 -100% -100% -100% -100%

2014 1ST HALF$74,900 1 113 $74,900

$74,900 $74,900 -65% -67% -69% 4%

2013 2ND HALF $216,750 3 370 $72,250 $76,500 $69,900

LOTS


2015 2ND HALF83,500 3 698 27,833

33,500 25,000 -60% -50% 540% -19%

2015 1ST HALF207,250 6 109 34,542

50,000 20,000 136% 200% -27% -21%

2014 2ND HALF88,000 2 149 44,000

55,000 33,000 -59% 0% -24% -59%

2014 1ST HALF212,500 2 196 106,250

175,000 37,500 73% -50% 75% 246%

2013 2ND HALF 123,000 4 112 30,750 38,000 23,500



2015 2ND 2015 1ST 2014 2ND 2014 1ST 2013 2ND

AVERAGE 273 161 283 268 158

HIGH 869 291 763 584 238

LOW 111 98 134 146 47

NORTH ROUTTSINGLE FAMILY


2015 2ND HALF14,657,001 16 283 916,063

7,000,000 255,000 154% 45% -24% 74%

2015 1ST HALF5,781,500 11 370 525,591

1,950,000 240,000 -22% -21% 80% 4%

2014 2ND HALF7,421,500 14 206 503,107

1,400,000 91,500 227% 133% -44% 33%

2014 1ST HALF2,273,000 6 368 378,833

530,000 200,000 -13% -14% -8% 1%

2013 2ND HALF 2,620,000 7 400 374,286 695,000 225,000

LOTS


2015 2ND HALF924,000 9 175 102,667

320,000 23,000 156% 125% -28% 14%

2015 1ST HALF360,500 4 242 90,125

127,500 63,000 6% 0% 38% 6%

2014 2ND HALF340,500 4 175 85,125

165,000 3,000 701% 300% -42% 100%

2014 1ST HALF42,500 1 303 42,500

42,500 42,500 -36% -67% 229% 91%

2013 2ND HALF 66,500 3 92 22,197 30,000 17,500

P h o t o : D a v i d D i e t r i c h



2015 2ND 2015 1ST 2014 2ND 2014 1ST 2013 2ND

AVERAGE 169 148 164 152 154

HIGH 272 246 205 196 348

LOW 71 84 118 110 89


2015 2ND 2015 1ST 2014 2ND 2014 1ST 2013 2ND

AVERAGE 107 92 81 71 74

HIGH 119 110 97 92 89

LOW 61 75 49 42 53

STAGECOACHSINGLE FAMILY


2015 2ND HALF7,908,975 23 150 343,868

526,225 135,000 44% 64% -26% -12%

2015 1ST HALF5,496,399 14 204 392,600

690,000 197,900 42% 27% 81% 12%

2014 2ND HALF3,872,800 11 113 352,073

695,000 197,900 58% 38% -41% 15%

2014 1ST HALF2,444,000 8 192 305,500

462,500 215,000 -47% -33% -1% -20%

2013 2ND HALF 4,604,649 12 194 383,720 1,200,000 185,601



2015 2ND HALF1,214,680 8 109 151,835

168,000 86,000 118% 60% 110% 36%

2015 1ST HALF556,500 5 52 111,300

140,000 65,000 -46% -44% -52% -3%

2014 2ND HALF1,034,900 9 109 114,989

136,000 60,000 14% -10% -22% 27%

2014 1ST HALF908,450 10 139 90,845

129,750 36,100 -22% -9% 29% -14%

2013 2ND HALF 1,164,800 11 108 105,890 124,900 75,000

LOTS


2015 2ND HALF683,350 15 191 45,557

320,000 3,000 19% 15% -29% 4%

2015 1ST HALF572,200 13 268 44,015

365,000 2,000 38% 30% 3% 6%

2014 2ND HALF415,700 10 260 41,570

275,000 3,300 222% -9% 16% 254%

2014 1ST HALF129,099 11 225 11,736

30,000 2,600 -43% -35% -1% -12%

2013 2ND HALF 227,250 17 228 13,368 80,000 2,750

DOWNTOWN 509 Lincoln Avenue

970.870.8800

SHERATON2200 Village Inn Court

970.870.8800

HAYDEN 349 West Jefferson Avenue

970.276.9101

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2015 Annual Report

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