The National Association of Realtors released their 2019 US Vacation Homes Report; Colorado made quite the splash with 6 of the top 10 most expensive towns and 5 of the top 10 vacation towns in percent of vacation homes. There were several surprises. Which counties...
Ski season officially opened in Colorado on Friday (above is a pic of the first snow of the 19/20 season in Steamboat). One Ikon resort (Arapahoe basin) and one Epic resort duked it out for the honors with Arapahoe basin opening hours before Keystone. What caused...
Happy Fall to everyone 🙂 Just as the leaves are changing, there are big changes on the horizon for real estate in Denver. Denver County released a proposal to increase the minimum wage to 15.87 by 2021 and other cities like Breckenridge are starting similar...
I hope everyone is doing well and enjoying the belated transition to Fall. I am pleased to announce our sponsorship of the Colorado Real Estate Journal Mountain Market update October 24th in Aurora, CO. I will be moderating the mountain town market panel ...
The Colorado Association of Realtors released their August statistics of the 7 county Denver metro area. Although Median sales price is up 2.5% YTD, two metrics are flashing warning signs. Days on the market has jumped 27% and percent of list price has declined. ...
Lending Tree ranked the 50 most expensive towns in the US by looking at home values and median income to determine affordability. My top three choices in Colorado for least affordable markets would be: Aspen, Telluride, and Vail; not one was on the list! Who made...
According to the Summit County association of realtors sales in July are down 18.3% in July and 15% for the year to date while Vail was up 47% in July and down about 4% for the year. The decline is being attributed to a “lack of inventory”. Is there more going on...
A housing slowdown is taking hold in some Florida markets, where a growing share of properties sold only after the seller cut the asking price. Miami, Jacksonville, Orlando, and Tampa take 4 of the top 10 spots for recent price reductions. How are Colorado and...
After filing for divorce from Vail's Epic pass last season, with much fanfare it was announced that Arapahoe basin was quickly back in the singles line looking to start a relationship with the Ikon pass Unfortunately, Arapahoe basin did not get married to Ikon, just...
Denver City Council members are pushing a new tax on commercial real estate owners that is 20 times the rate set by Boulder County. The new tax is called a “pollution tax” targeting commercial property owners and their property usage. What is the new pollution tax...
The Denver metro real estate market has performed a sudden U-turn with inventory up 28%, sold homes down 14%, and days on the market up 23%. This is the highest amount of inventory since October 2013. With all the grim news, there is a ray of light 😊 ...
Colorado has the lowest obesity rate of any state, but when it comes to financial fitness, residents of the state borrowed money at an unrivaled pace last year, contributing to one of the heaviest debt burdens in the country beating all but two states for most...
Vail announced the acquisition of 17 east coast resorts for 264 million located near major metropolitan areas, including New York, Boston, Washington, D.C., Baltimore, Philadelphia, Cleveland, Columbus, St. Louis, Kansas City and Louisville. What is Vail’s strategy...
Breckenridge, Steamboat, Vail, Winter Park, and Telluride have all achieved record sales tax revenue this season. You aren't imagining it, the mountains are getting busy! What is driving these all-time records? How does this impact real estate? Will real...
The Denver metro real estate market has performed a sudden U-turn with inventory up 28%, sold homes down 14%, and days on the market up 23%. This is the highest amount of inventory since October 2013. At the same time prices have held steady while mortgage rates...
After being tied up in litigation for years, Lakewood Colorado just passed a new initiative to substantially limit growth. The initiative limits new residential development to 1% of the existing housing stock and would require city council approval of any large...
The Denver district attorney filed felony charges against two realtors in Denver County for allegedly running illegal nightly rentals. This could result in jail time of 2-6 years. The spokesperson for the Denver District Attorney's office, Carolyn Tyler, says these...
The 2018/19 season was Epic (or Ikonic depending on your pass preference) with every major resort posting record sales tax revenue, occupancy, and lodging rates. At the same time real estate continued to skyrocket in most mountain communities. With all this good...
Denver “legalizes” mushrooms, more communities become open to Cannabis, corporate America comes knocking, Cannabis real estate quickly goes from green to red. What is going on? Why the shift in cannabis real estates fortunes? What specific property types will be...
A new Chilean company, BrickOp, has a “novel” plan to help investors buy their first piece of real estate with absolutely no money out of their pocket. Sounds like a great deal! Should you do an investment like this? Buy real estate with no experience and no risk,...
I took the picture above on a trail run earlier this week outside of Steamboat when I met up with a very large "friend". This was the biggest black bear I have seen in Colorado. What does this have to do with min wage? Absolutely nothing, but thought you would...
Vail resorts, the owner of Breckenridge, Vail, Keystone, and Crested Butte, announced that Breckenridge would stay open until Memorial Day (one month longer than their original closing date). They will close one month later in future years. At the same time, they...
One ski town has been on my top list of investments for multiple years. I highlighted this resort as one of the “best buys” in Colorado real estate. The new owners have invested over 40 million and real estate values have soared. Unfortunately, this same resort is...
Denver rent has skyrocketed. A one bedroom in 2010 leased for 800, fast forward to 2018, that same one bedroom is now leasing for 1457 a month, a 79% increase. The legislature has taken up the fight with SB 19-225 that will reverse a 1981 Law that prohibits local...
