Steamboat Real Estate Blog

Planning a trip to Steamboat? Here's a way to save some money on your stay! The Resort Group has created a VIP lodging discount for clients and friends of Colorado Group Realty. Use promo code CGRVIP to redeem an additional 10% savings on your Steamboat lodging (even if the lodging is already on sale!).

You can use the promo code CGRVIP for the following sites:

  • Mountain Resorts: www.Mtn-Resorts.com
  • Simply Steamboat: www.SimplySteamboat.com or www.TrappeursCrossingResort.com
  • Pioneer Ridge: www.Steamboat-Springs.com

Best of all, 5% of your lodging fee will be contributed back to the Colorado Group Realty Charitable Foundation. Each year, the CGR Charitable Foundation typically supports over 25 local deserving charities with

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2017 was a very healthy year for the Steamboat Springs real estate market; in fact, it was the most robust year since 2007, right before the housing bubble and recession. Overall market volume in Steamboat and surrounding areas was up 12% to $598M in sales volume, compared to 2016 with $535M in sales volume. As you’ll read in this report, inventory has drastically decreased, especially in properties under $1M. If this trend continues in 2018, you might expect to see escalated prices, increased new construction, and ongoing challenges for those in the market for entry-level housing. With the sale of the Steamboat Resort and the creation of a new ski resort giant Alterra Mountain Company, expectations of mountain area capital improvements, increased visitor

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Steamboat Springs, CO -

With a vibrant, year-round economy, Steamboat offers small business owners the potential for a strong income paired with the freedom to enjoy an active mountain lifestyle. Currently, more than a dozen businesses are for sale. They range from national franchises to long established local favorites and offer options for aspiring and experienced entrepreneurs.

Spanning downtown to the mountain, opportunities exist across industries—from liquor stores and restaurants to home furnishings and construction. Buying a strong business and adding your own energy and creativity can mean an increase in sales and income. If you’re considering a move to Steamboat with an interest in business ownership, you’ll find yourself surrounded by

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Steamboat Springs, CO -

When you buy into a Homeowners Association (HOA), your membership is mandatory. HOAs are governed by volunteer boards of directors who hold the fiduciary responsibility to act in the community’s best interest. Many associations have outside management companies and are required to be licensed in the State of Colorado. HOAs are run like businesses: members pay regular fees for annual operating costs and special assessments for larger capital expenditures (such as roofing or painting). Budgeting and planning are critical elements in running a successful association.

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Steamboat Springs, CO -

The Routt County Building Department issues building permits within county and city limits for all types of construction. This includes single and multi-family homes, duplexes, commercial and industrial projects, as well as additions, renovations, and accessory structures. Following the financial crisis, building tapered off and subcontractors were more available and affordable. Almost a decade later, things have changed— especially within city limits. 

In 2007, there were 31 single family home permits issued within the Steamboat Springs city limits and 127 in Routt County. In 2010, permits dropped by 77% in city limits and 95% in the county. By the end of 2016, numbers inside city limits recovered, ending at 110% of 2007

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Steamboat Springs, CO -

That’s the question most asked of real estate agents. In Steamboat, the easy answers are “It’s on fire!” or “There’s no inventory.” On the surface, those answers are true as total sales volume is up 24% from this time last year and months of inventory have decreased significantly the last two years. In order to really answer the “How’s the market?” question accurately, it takes more analysis. 

With lower priced inventory lacking and an abundance of high priced properties, this represents an amazing “move up market”. For example, if you’re a seller with a property under $1M, you’re in a segment that lacks inventory and continues to experience rising prices; now may be a great time to sell. If you’re a buyer of a property

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Steamboat Springs, CO -

Colorado Group Realty is proud to announce a new listing of 17 remaining home sites at the exclusive Marabou Ranch. Featuring two miles of private water on the Elk River and a series of interconnected ponds, Marabou offers some of the finest trophy trout fishing in the Rocky Mountains. 1,700 acres of pastoral ranch land and open space provide the setting for 62 unique building sites, maximizing the views and privacy for each home. Marabou owners enjoy year-round access to the property along with use of an amazing compliment of amenities. 

With nearly $100M invested in land and infrastructure, Marabou offers a rare opportunity. Available properties start at $1.5M. Call your CGR broker or visit www.marabouranch.com to learn more.

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Steamboat Springs, CO -

The availability of single family homes within city limits has continued to decline through every price range in Steamboat. Inventory in the $400K-$600K price range is at a 10-year low. With limited inventory to feed the demand, expect the number of closings in this price range to decline. In a small market like Steamboat, when demand picks up inventory drops quickly. 

Buyers looking for a single family home in this price range are now considering building. One upcoming option is the new Sunlight subdivision hitting the market this month. This 92 home community will offer parks, views, trails, and beautiful streetscapes at less than a mile from the downtown library. Land prices start in the $170K range. Call your CGR

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Q2 2017 vs. Q2 2016 stats continue to show low inventory levels in all market segments except the luxury $2M+ range. 

The number of units sold and average purchase prices are up year over year. Interest rates remain historically low (around 4.125%). Buying power remains strong and rental rates continue to climb as fewer units are available. This is good news for investors or those wanting to enter the market prior to prices increasing. Other than the 92 home Sunlight development, no new major projects have officially been announced; inventory should remain tight for the next 18-24 months. 

We’ve seen a significant increase in investor activity after the announcement of the ski area sale to Aspen/KSL. We expect that there

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