Summit County (Breckenridge, Silverthorne, Frisco) is set to adopt a sustainable building code that would require new residential construction in the county to be among the most energy efficient in the nation (Zero Energy Ready). This new building code will increase...
According to one of the nation’s leading movers, the 2019 Atlas Van Lines Migration Patterns study found that 26 states registered as balanced—meaning that moves in and out of the states were roughly equal—13 as outbound, and 11 as inbound. Colorado became “inbound”...
In Colorado, residents love open space and the quality of life it brings. On the flip side there is a brewing affordability crisis throughout the Denver metro and in every resort community in Colorado. This leads us to the question; can Breckenridge use eminent...
Republican Bob Gardner from Colorado Springs has proposed a property tax increase in bill 20-109 that will tax nightly rentals as commercial property. This bill is gaining support from local residents and city councils and will have substantial impacts on mountain...
Vail resorts recently announced that skier visits through January 5th are down 7.8% across all its resort properties while lift ticket revenue was flat. With prices not increasing, how are visits down yet revenue still flat? What does this have to do with one ski...
According to the Colorado Association of Realtors, Denver real estate inventory fell 29% in December, number of sales increased 17% and sold price increased 5%. Breckenridge and Steamboat also saw listings decline by almost 30% with prices increasing modestly....
After being tied up in litigation, the Colorado Supreme Court just authorized a new anti growth initiative to substantially limit growth within the 11-county metro area (from CO springs to Ft. Collins) and all the cities/towns within. The new initiative limits new...
I always hate in the news where you hear about a story and are left wondering how it was actually resolved. A few months ago, Denver began filing felony charges against homeowners for illegally renting properties via airbnb and Homeaway and lying on the affidavit. ...
Happy New Year! It is time for my annual Colorado real estate market predictions. Is it dawn or dusk for real estate in Colorado? The main economic drivers in 2020 will be the pace mortgage rate increases, the election, and end of cycle volatility. Each of these...
Do you know where I took the picture above? (e-mail me if you know, the mountains should provide a hint :). Ski magazine came out with their annual list of top ski destinations. Colorado took the crown with 5 of the top 10 ski destinations which accounted for almost...
“Ghost Kitchens” are on the rise? What are they anyway (no they are not haunted kitchens)? What is causing this new phenomenon? How will this impact real estate? My first experience with a “ghost kitchen” was in Breckenridge Colorado about three years ago where I...
In US news and World Report’s annual listing of the 25 best small towns in America, Colorado’s ski towns take the crown landing 3 in the top 15. Although it is no surprise that Colorado has become a coveted destination, I was surprised at what all 6 ski towns on the...
Walmart is suing Summit and Eagle Counties and 31 other county governments in Colorado in an effort to reduce its property tax bills across the state. This case is radically different than your run of the mill property tax dispute. Walmart Stores Inc., is...
According to the Denver Metro Association of Realtors, Denver metro new real estate listings fell 12% in October, number of sales dropped 6.4%, and sold prices stayed basically flat. In addition, homes for sale in colorado dropped. Don't worry, the sky is not falling...
Although nobody knows how or when the next denver housing market recession will occur, we saw in the last cycle certain cities performed substantially better than others. Redfin recently ranked the top metro areas that will perform best (and worst) in the next real...
First I wanted to wish each of you a Happy Halloween. The picture above is from my pumpkin adventure with my kids. On the left is what the pumpkin carving package shows, on the right is the actual end product. What happened to the days of cutting out two eyes and a...
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...
