The state of Colorado has ruled that Silverthorne cannot require all buyers to work at least 30 hours in the county to buy affordable/deed restricted housing. The implications of this ruling are monumental for affordable housing throughout Colorado. ...
I’m constantly amazed at Colorado ski real estate. Many markets are up almost 40% in the last two years alone with sales continuing to exceed. On the other hand, Denver and the front range real estate markets are starting to feel a pronounced slow down. What...
First, happy belated Halloween. For all the parents out there that think they have the best costume, try topping this one that I saw while trick or treating. A real horse in costume cruising the streets 🙂 This will be tough to beat! On to the blog. What does...
Property taxes on short-term rental properties in Colorado would more than triple under a bill drafted by state lawmakers that comes as communities from Durango to Denver grapple with surging numbers of vacation rentals. What is in the new proposal? How...
As I was writing the article, I looked out the window to see this bear cub taking a stroll through the yard (don't worry I was far away on a two story deck with a zoom lens). Is this a sign? Is a bear market in the offing? I was amazed at the recent data tracking...
September was an interesting month in Denver metro real estate. After two plus years of breakneck real estate sales, Denver real estate is starting to moderate. What was in the September data? What does this mean for the future of Denver real estate? Will prices...
Denver Colorado is becoming the testing ground for the new Ibuyer frenzy with new players entering every day. Is the ibuyer program just hype or will it actually “radically alter” how real estate is bought and sold in Denver and the front range? What is the ibuyer...
Google bets 2.1 billion that cities like NY, Denver, Atlanta, etc… are immune from WFH. What is Google saying with their actions on the future of work from home. Why are “superstar” cities unlikely to feel much impact from the future of work from...
I’m looking out the window at a smoke-filled valley as I write this article. Major wildfires in Colorado and throughout the West will create a catastrophe for many property owners. Are you ready for a shock on your property insurance? What can you do...
Apartment rents are rising rapidly across the northern Front Range, about triple the rate seen before the pandemic, with annual gains almost 20% in places like Parker and Colorado Springs. What is causing the large increases in rents? What did the federal reserve...
Breckenridge currently has about 4k short term rentals. At a council meeting last week, legislation was proposed to cap this number at 2200. What has caused the huge shift in Breckenridge and other mountain towns regarding short term rentals. What does this mean...
Denver City Council recently approved five new bond initiatives to appear on the November ballot. The total amount of this spending is 450 million paid for by anyone who lives or owns property in Denver. What was in the bond initiative? How high will...
Wow, it has been quite the run in Colorado Mountain real estate. Prices have been off the charts with many mountain communities roughly doubling over the last 2 years. For example in Summit county, home to Breckenridge, the median home price increased from 750k to...
With the new Delta variant circulating throughout the country and Colorado, what will be the impact on residential and commercial real estate? Will back to the office plans be shuttered impacting real estate prices in cities? Will there be a continued flight to the...
In times of economic uncertainty, high net worth individuals focus on safety. From Government securities like 10 year treasuries, to municipal bonds, and gold. There is another trend emerging that Colorado real estate is being placed in the “safe haven” category. ...
Airbnb sent out an urgent request to hosts to: “ We urgently need your involvement NOW,” the email stated as it instructed hosts how to provide public comment. “It is critical to speak up against the proposed moratorium on all new permits.” The town of Crested Butte...
Metro Denver’s housing market has been changing in recent weeks, much like a cold front ending record heat, and could provide significant relief for buyers if this continues, local real estate agents say. The market has started moving in the past two to three weeks...
Travel Crested Butte put up a social media post last weekend that messaged Crested Butte was not all sunshine and rainbows. “As beautiful and breathtaking as Crested Butte is, the community you love to visit is hurting,” This is not your typical warm and fuzzy...
I was surprised to see the headline on the front page of the Wall Street Journal. Big companies are hiring for remote positions that can be performed in any state across the U.S. except one: Colorado. At issue is a new Colorado law that requires companies with even a...
If you look at Denver county, the number of properties sold is up 10% , in Routt County (Steamboat) sales of single family homes is up 30% over 2019. If there is no inventory/ little inventory available how are sales continuing to break records. Is there another...
Colorado real estate is on a tear, with appreciation off the charts. In Denver appreciation is up 25% year over year. Unfortunately, all this appreciation could cause some large tax hits based on the new legislation. How will the new legislation...
Last summer was a tipping point with mountain towns overflowing with tourists and their impacts becoming more noticeable including traffic, crowded trails, etc… As more people move to the mountains full time there is a bigger push to diversify the mountain towns away...
Wow, what a wild ride Colorado real estate has been on the last year. The statistics are astounding! Denver county average sales price is up almost 30% year over year while days on the market has plummeted 40%. In the mountains, in places like Summit County prices...
It is no secret that rent in Denver and throughout the state has increased. A one bedroom in 2010 leased for 800, fast forward to 2021, that same one bedroom is now leasing for 1646 a month, a 106% increase. The legislature has taken up the fight with hb21-1117...
