What is the main culprit for increasing prices in ski towns? The list is endless but typically at the top is the huge increase in nightly rentals and the big bad mega passes bringing more people to the ski towns. Unfortunately, this answer is incorrect, it is a...
The appreciation over the last seven years throughout Colorado has been astounding, but now it is time to pay the piper. What cities in Colorado are most at risk of rewinding most if not all of the Covid appreciation gains? Why are “suburban” markets more at risk...
This week, U.S. News and World report again released its popular ‘best places to live’ ranking, and once again, Colorado got snubbed in a big way. Just two short years ago Colorado Springs ranked as the 3rd-best place to live in the United States in the same report...
Colorado ski resorts have continued holding strong in the face of higher interest rates. Why are interest rates not the best metric for Colorado ski real estate? Which ski towns are performing better than others? What two factors are driving the difference in ski...
Colorado is having a tough year. Snowfall was down nearly 60% over the holidays, resulting in only about 11% of skiable terrain being opened in December and skier visits are down 20%. Vail resorts, the largest ski operator, is getting hit hard as seen in the stock...
I was asked a question by one of my readers, what will legalized prostitution mean for Colorado real estate prices? If you haven’t seen it, there is a new senate bill to legalize prostitution in Colorado by promoting “commercial sexual activity”’; the proposal goes...
Have you seen the viral video about Colorado ski real estate where it predicts “entire communities evaporating and the seemingly perfect town that has seen its median home price slashed by over 30% in just 6 months”. How real are these bold predictions? Hint, look...
In my blog last week Vail loses major lawsuit what does this mean for real estate, I asked the question based on the new lawsuits and huge costs to ski resort operators where should you buy Colorado ski real estate? I was a bit surprised by the results with...
After the legislature last year approved the ability to tax second homeowners more, one ski town is going all in establishing a “vacancy tax” for property owners. Ironically nightly rentals can be considered "vacant". What is in the new Vacancy tax proposal? What...
Wow, how skiing has changed over the last decade. Assuming a family of 4, a full ikon pass will cost almost $5k/year and that is before you take a bite of an overpriced slice of pizza!. On the flip side, an epic pass for 4 will be closer to 4k/year. What do the...
Colorado ski resorts continue holding strong in the face of higher interest rates. Why are interest rates not the best metric for Colorado ski real estate? What two factors are driving the difference in ski town fortunes? Will these trends continue heading into...
I’ve heard from every realtor that 2024 was a tough year in Colorado, interest rates were high and closing volumes plummeted, look at the chart above of Denver it tells a much different story, but is that the whole story. Are volumes actually down regardless...
The primary argument in nightly rental regulation debates is that locals who rent their properties would not be able to stay in the community so any regulations would drastically hurt locals. How true is this argument? A new study sheds substantial light on this...
Wow, 2024 has been quite the year in real estate. The beginning of the year started out good but as interest rates rose substantially volumes dropped off a cliff and prices began falling in some markets. At the same time, we are seeing substantial increases in...
I learned the hard way about investing in mountain towns. I successfully lost over 100k on my first ski investment property! Hindsight 20/20 I violated 1 of the 4 golden rules of investing in mountain property. I developed these 4 rules after evaluating thousands...
Having lived and worked in the Colorado mountains for almost 25 years I have witnessed first hand the radical transformation that has occurred in every single ski town. How have ski town demographics changed? Is the moose a harbinger for big changes in each mountain...
It is crazy to think that every major ski town in Colorado has made the same major mistake and that nobody has noticed until or done anything until now. What caused every ski town to duplicate the same mistake? What does this mean for property owners? When...
Zillow analyzed appreciation over the last 4 years (basically the pandemic real estate gold rush) to see the cumulative appreciation. Which markets performed the best and which ones the worst in Colorado and even more importantly why? Why are some markets hotter...
The recent tourism data shows visitors spent over 28 billion dollars visiting Colorado. At the same time more business are packing up shop and heading for greener pastures. Why the diverging fates for tourism and businesses. Is the trend of increasing tourism and...
Wow, it seems Colorado real estate has turned on a dime. Even with interest rates coming down inventory is increasing throughout the country. What does this mean for Colorado real estate? When I zoom into some of Colorado’s biggest cities, there is one other trend...
The most recent data in Crested Butte tells an interesting story. Single family homes continued to increase in value while town home median prices have decreased 13%. What is happening in Crested Butte and other mountain towns causing property declines? Why are...
Over the last 5 years Vail resorts stock has lost - 23% substantially below the S&P which means Vail has underperformed the market by almost 40%. Why the sudden drop in Vail resorts stock? What does this drop mean for Colorado ski real estate? Is the ski party...
I was surprised to see the news that Eldora, in Boulder County, is up for sale. What caused the sale of Eldora. What does this mean for real estate in Nederland, CO? Who will buy Eldora and what does this mean long term for the area? A Brief History of Eldora ski...
A federal judge had effectively frozen a legal battle over Summit County’s short-term rental regulations — at least temporarily — after county officials filed a motion to dismiss a lawsuit brought by area homeowners. One of the claims of homeowners is that the new...
