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...
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...
It is amazing since the pandemic it seems everyone has had way too much time to watch YouTube and Instagram and are now experts on everything including Colorado ski real estate. Unfortunately ski real estate is not that simple. Look at the picture above, can you...
10 years ago, nightly rentals were a novel concept, fast forward to 2024 and the number of nightly rentals has surged over 40% in the last 5 years. What does this huge increase in nightly rentals mean for real estate values? Has the real estate market gotten...
With three wildfires burning in the front range as I write this and thousands evacuated, it is crucial to know the number one mistake that is made in a wildfire disaster. Do you know what the significance of the picture of the government facility above? Being a...
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...
When looking at the chart above it is clear that Breckenridge is substantially underperforming other ski towns in Colorado. Why has Breckenridge peaked and fallen while other ski towns hit a blip and powered higher? What does this mean for ski real estate in...
It is crazy to talk about prices moving higher in Colorado’s high country while rates are staying double their lows. Why is ski real estate poised to head higher despite everything else going on in the economy? What is the key driver to watch for ski real estate? ...
The recent settlement by the national association of realtors will have an outsize impact on Colorado ski towns. Will prospective buyers pony up 70k to pay their buyers agent based on the median home price in Summit County? What does the recent settlement mean for...
Get ready for sticker shock as you open the mail and get your tax bill. As values soften throughout the state, why are your property taxes going up? How can assessed values continue to increase even though property values are softening? Why will your taxes likely...
With the failure of proposition HH, the Colorado legislature is on the hunt for tax revenue and nightly rentals are in the cross hairs. Not surprisingly, the recent proposal to quadruple taxes on nightly rentals recently passed out of Colorado legislative committee...
What does the increased tension between Vail and ski towns mean for real estate? Vail, the owner of major ski resorts and the epic pass, is selling approximately 86% more passes than in 2019. At the same time mountain towns throughout Colorado and the country...
Over the last several years both Keystone and Copper Mountain have appreciated at almost double the rate of Breckenridge. Why the sudden change in fate for Copper Mountain and Keystone? What big changes occurred in governmental regulations to cause the surge in...
Wow, 2023 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. What do the changes mean for Colorado real estate in 2024? Will prices have a...
A federal judge has 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...
Big changes in store for Colorado real estate in the upcoming legislature Colorado Governor Polis, in a recent interview, called short term rentals paying residential rates a “loophole” that he supports closing. “Residential properties that work like hotels...
The good times continue to roll on. Inventory is down and prices are stabilizing and still increasing in some markets. When will there be a reset in Colorado real estate prices. What happens when this cycle ends? Are there opportunities currently? Where will new...
A tweet that went viral last week proclaimed "the Airbnb collapse is real," with a screenshot of data attributed to AllTheRooms, a short-term rentals analytics company, showing revenue per available listing at Airbnbs between May 2022 and May 2023 down nearly 50%. ...
As I predicted, we are starting to see some big changes in Colorado ski real estate. Even as prices in many markets throughout the country are staying flat, some Colorado ski real estate is still increasing while others are starting to correct. What is causing the...
It is likely no mystery that the Colorado ski towns are getting considerably more expensive, but the recent data released by HUD is eye opening. HUD releases income figures every year based on census data and other factors, such as the rate of inflation. What do the...
Although March is typically not a big sales time in the mountains with mud season and the resorts closed, there are some interesting trends emerging. As suspected single family homes sales volumes have dropped dramatically along with median and average sales price. ...
Anyone who has ventured into any Colorado ski town recently has noticed a profound change since Covid. Everything seems to be busy all the time, prices have skyrocketed, and longtime locals are quickly priced out. What is causing the swift changes and what does this...
