Produced by The Agency Steamboat Springs, the annual report delivers a comprehensive analysis of pricing trends, inventory levels, submarket performance, and the development forces shaping the next phase of the Steamboat Springs real estate market. 2025 marked a structural shift. Transaction volume moderated. Pricing held firm. Inventory tightened where demand was strongest. Several core segments set new benchmarks. Others quietly absorbed supply.
2025 marked a quiet but meaningful shift in the Steamboat Springs real estate market. What began with buyer leverage moved steadily toward balance as inventory proved limited within high-demand price points and neighborhoods. Transaction velocity moderated, but when pricing aligned with comparable sales, demand followed. A broad pricing correction never materialized, and values held firm across most segments.
Downtown/Fish Creek condos: record total dollar volume, 20% above 2021
Mountain Area single-family: record total volume, 20% above 2021
Mountain Area average price per square foot: $940
West Steamboat: record volume, $616 per square foot
Hayden single-family: record $361 per square foot
Inventory remains constrained across core segments, and pricing has demonstrated resilience through slower transaction volume. As base-area development moves from planning to construction, new luxury inventory will introduce higher pricing benchmarks near the ski area. With supply limited in established neighborhoods and new demand catalysts forming, upward pressure is expected to be felt broadly across the market.
Steamboat is entering a development cycle that will reshape the base area and elevate the upper tier of the market. The Stockman, 1700 Ski Time Square, and Wildair introduce a new class of mountain product, with projected pricing approaching $4,000 per square foot. At the same time, expansion at Yampa Valley Regional Airport strengthens national connectivity and long-term demand capacity. Together, these investments position Steamboat as a fully scaled, nationally competitive resort destination.
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