With the dawn of 2019 it is time for my annual Colorado real estate predictions. How did I do last year? I hit the nail on the head! (see below) 2019 is shaping up to be considerably more exciting than 2018! The main economic drivers in 2019 will be the pace...
Ready to lose 100k+ on your real estate in Colorado? Are you now a member of the “frequent flyer” club without leaving the ground? The FAA is working on their next generation of air traffic control which will drastically alter the approach and takeoffs at airports...
Colorado is an odd state, you are unable to buy full strength beer in grocery stores. In almost every other state, you can walk into a grocery store and buy wine/beer, but not in Colorado. That is all changing come January 1st. Why the change? What is the impact on real estate? I was surprised to see the passing of Senate Bill 243 in the waning days of the last legislative session. It seemed oddly out of place that Governor Hickenlooper, a former brewpub owner, quietly signed the bill without a single person to witness the event. What was in this bill? This bill radically changes where and how beer can be sold within Colorado. This bill will change consumer choices and have profound impacts on grocery anchored retail. Why is it so monumental?
It looks like Black Friday is coming to Denver front range real estate with the luxury market (above 1m) officially entering a buyers’ market and on sale! According to the November report by the Denver Metro Association of Realtors, active listings are up 47% from...
The global economy is still healthy, yet last year out of the top destinations for international travel only two declined. The United States and Turkey! The other top ten destinations all increased; many increased by double digits while the U.S. declined by 6%. The...
Marijuana is now legal in 32 states for medical purposes and 10 states for recreational usage. What does this mean for real estate? How can you tell if there is a grow? How does marijuana growing impact residential and commercial properties? What are the two most...
First, I hope you and your family have a wonderful holiday season. I was driving towards Breckenridge and stuck in the Eisenhower tunnel before going down the pass when I took this picture. What does this mean (read more). I spend lots of “windshield time” throughout...
Location Inc, founded by Andrew Schiller (he accurately predicted the last real estate bust), came out with new real estate predictions for the Northern Colorado Front Range. According to recent models, Boulder will plunge by 19% by 2022 while Greeley should be a...
A federal trial in Pueblo could have far-reaching effects on the marijuana industry both in Colorado and throughout the country if a jury sides with a couple who says having a cannabis business as a neighbor hurts their property's value. Should you believe the hype? ...
No, this is not the beginning of a bar joke and no you do not need to drink before answering! Both Corona and Coca-Cola will drastically alter commercial real estate throughout Colorado. Constellation brands (owner of Corona and various other spirits) announced a...
Amendment 74, which will be on the November ballot, would require state and local governments to compensate private property owners when laws or regulations reduce the “fair market value” of their private property. On the surface, it seems straightforward, but the...
It’s snow time! As I’m looking out the window watching snow fall and just read the announcement that Wolf Creek, Arapaho Basin, and Loveland will start spinning their lifts this week, it reminds me of the importance of winter weather on real estate. In markets like...
Sales of homes worth 1 million or more fell 44.4% between August and September and sales of homes over $500,000 dropped 33 percent during the same period. Overall sales in September of 2018 are down 21.4% from September 2017 (Denver Metro Association of Realtors). ...
According to AirDNA 50% of all nightly rentals in Denver are currently unlicensed and not paying the appropriate taxes. Denver implemented various rules to try to crack down on nightly rentals requiring all nightly rentals to be a primary residence. It doesn’t...
The state legislature is considering a bill that would tax residential nightly rentals (any rentals less than 30 days) as commercial properties. This would change the tax assessment on a statewide level. On the surface it doesn’t seem like a big deal, but commercial...
As ski season is about to start again in under a month (Arapahoe 10/13). I took the pic above of Loveland pass a few weeks ago. It is important to note what happened in Colorado last year; Llast winter ski visits in Aspen skiing co were down 7% through last December...
The Yampa River (in NW) Colorado was placed on “call”. This is the first time ever that a call has been placed. What does this mean to have a call on a river? How does this impact your real estate throughout the state? Could you get a call? What should you do...
Is Colorado turning into California where residents lament about affordable prices and yet seek to place broad restrictions on growth that would increase supply. In Jefferson County, the city of Morrison is opening a new war in the “real estate battles”. How does...
From the title it looks like the Colorado cannabis industry is doing well. I this the real story? Is the headline misleading? How is the Colorado Cannabis industry so much better than the newly created Oregon marketplace? What can Oregon tell us about the future...
Anyone who has sat on i70 or i25 knows the growth pains occurring in Colorado first hand. Colorado’s population continues to rapidly increase and housing / commercial real estate is becoming more constrained throughout the front range. This huge population increase...
Summer is the number one time of year real estate is bought and sold in Colorado. Are you making a good investment? Are you buying a property that requires a trip over a terrible mountain pass that is beautiful in the summer, but a lion in the winter? The Durango...
Although the credit union didn’t officially announce the next recession in their advertising, their actions speak louder than words! A credit union in Colorado announced they are offering 100% no money down mortgages. “We are looking for a way for individuals to...
If you don’t recall, last year a worker at Loveland ski resort was crushed to death while servicing a magic carpet. Osha reviewed and fined Loveland for violating various safety violations. There is one twist in the case that could set some interesting precedent and...
Now that the election is over, cities/counties all over the state of Colorado have approved billions in new spending. This will all be flowing through to your tax bill shortly. The impacts will be felt by residential and commercial property owners. There is one...
