In case you missed it, here is the big news out of our office this month: On August 1, 2022, Colorado Group Realty was acquired by The Group, Inc. Real Estate, out of Fort Collins. When Colorado Group Realty formed in 1995, the founding agents of Colorado Group Realty modeled themselves after The Group, which had been in practice since 1976. Both The Group and Colorado Group Realty have maintained a close relationship since that time.

The Perfect Fit

Due to the companies’ longstanding relationship with one another, their high standards of ethics, and high levels of productivity, becoming a part of The Group made a lot of sense. “We’re thrilled to become part of The Group,” said Shelley Stanford, CGR’s Employing Broker. “With the vast amount of knowledge, amazing systems, and strong support tools and people, we will have the fortune to pass all that along to our clients. The Group’s culture is amazing—caring and supportive—very much like the culture Colorado Group has thrived on.”

Same Great Customer Service

Colorado Group Realty has prided itself on providing legendary customer service in Steamboat Springs for almost 40 years. With this acquisition, the team at 509 Lincoln (formerly-known-as Colorado Group Realty) is poised to make an even larger impact, and excited to provide even better service to our clients (if that’s even possible!).

Real Estate Market Active

In addition to the excitement surrounding corporate mergers, the Routt County real estate scene has also been quite active. The residential offerings County-wide sit at 192, up about 8.5% from last month. If you’ve been paying attention, though, this increase in the supply has had an effect on price: the median closed price of a home is down nearly 20% from two months ago. But sellers should not panic yet; the median close price of a home is up nearly 100% since 2019.

The median days in the MLS remain low at six days, meaning there are still decisive buyers out there. There are also quite a few closings, with about 71 closings last month (about average since January 2021). We are inching towards a more balanced market. Currently, we’re at 2.7 months’ of inventory (a balanced market is 6 months).

Whether you’re considering buying or selling—one of our experienced agents is here to help you with any and all of your questions. Give us a call to find out how.