Market Update


As the 2018/19 winter season draws to a close, we look back on the last few months

Another fantastic winter season is drawing to an end in Steamboat Springs, with over 300 inches of snow this year and over a 100-inch base we could not be more thrilled.

The season started off slowly with a 2.77% increase in dollar volume this past November over November 2017. December picked up slightly with a 6.48% increase in dollar volume over December 2017.

Overall 2018 saw $867,253,468 in total dollar volume and a 7.18% over 2017. The mountain area continues to surpass other areas in Steamboat and accounted for 40.77% of that dollar volume with 570 transactions in 2018.

Located just 400 yards from the base of the ski area, our private 20-acre neighborhood is unlike any other in a mountain town. Take a stroll down our sidewalks and you’ll see that the quality and craftsmanship of our 4 and 5-bedroom homes speak for themselves. What has been created here is more than just immaculate luxury homes, it’s a community within a community. Offering a private shuttle service, full-service concierge, on-site maintenance and housekeeping, it’s not surprising that our inventory is almost sold out. In January of 2019, The Porches of Steamboat accounted for 30.87% of total fractional sales.

How Steamboat compares…

Further off the I-70 corridor than many of Colorado’s world-famous ski resorts, Steamboat remains a true destination. Our small-town charm and unbeatable hospitality also make Steamboat a wonderful place to call home. In 2018, the number of days on the market was down compared to 2017 while average list prices were up. Despite this increase, Steamboat remains lower in both average list price and price per square foot than other resort towns such as Aspen, Telluride, and Vail.

It’s all in the numbers

-$188,274,439 in gross volume for November 1,2018- January 31, 2019

-1,477 transactions in 2018

-$16,499,000 volume of transaction in the mountain area January YTD

– The mountain area accounts for 35.80% of the total number of transactions January YTD

For more information on the Steamboat market or Porches ownership opportunities, contact The Porches sales team.