There is a condo complex in Steamboat Springs, CO where units have precipitously dropped in value overnight while owners cannot sell, refinance, rent, or in many cases use the units. The units themselves are fine, but there is one huge problem. What happened in...
There is a condo complex in Steamboat where units have precipitously dropped in value while owners cannot sell, refinance, or in many cases use the units. The units themselves are fine, but there is one huge problem. What happened in Steamboat? Why is this a...
What a run it has been the last several years with most Colorado ski resorts averaging 30-40% / year increases. Many resort areas are still up double digits for the year, but just like the seasons are beginning to change there is a cold bite to the air in Colorado...
It is amazing, they just called the last races in Colorado a few weeks ago and already there is a ballot initiative to increase taxes further. In the last cycle voters passed an affordable housing initiative and hot on its heals is a new statewide transfer tax...
Regardless of party affiliation, this has been a big voting season for Colorado real estate and there was a resounding message relayed at the polls. Voters in Steamboat Springs, Aspen, Dillon, Glenwood Springs, Carbondale, and Summit County all decided whether...
The Summit Daily recently posted an article that Fall is a great time to hike a 14er. I took the pic below of a 13k foot peak the same week the article came out. Probably not a good time to attempt a peak ascent in the snow. The article on 14ers is eerily similar...
Frisco had originally planned to offer a “locals” only license classification for short term rentals. A new ruling in Louisiana put these plans on hold and could jeopardize many other communities short term rental laws. What was in the ruling and why is it so...
Steamboat’s occupancy rate “supposedly” plummets 13% from last year, yet accommodation taxes are up an astonishing 48%. Why is it important to focus on occupancy and sales taxes? How accurate are either of these numbers? What does this mean for real estate? What...
The headline in the Summit Daily sound ominous: Summit County servers stung by lack of visitors with lowest occupancy rates since 2015. From the headlines it sounds like Breckenridge is in a free fall. Is it really? What is going on in Breckenridge and other...
Depending on the Colorado ski town, cash transactions make up between 30-75% of all closed transactions. With this many cash transactions, what do rising interest rates mean for sales in the various ski towns. Will there be a slow down in ski real...
Aspen home prices jumped from 10 million to 16 million from 21 to 22. At the same time the city council has recently increased restrictions on new construction. How many demolitions/new builds do you think the city will now allow? Hint, the number is much lower than...
The amount spent on real estate in six of Colorado’s resort-anchored counties doubled from 2019 to 2021. Average prices in Eagle, Grand, Pitkin, Routt, Summit, and San Miguel in 2021 were up 57% from 2019. Where does Colorado ski real estate go from...
Allot has changed in the last six months. Interest rates have skyrocketed, appreciation has continued, and inflation continues to roar. How does this impact my prior Colorado real estate predictions? Where does Colorado real estate go in 2022? Will the staggering...
It is not surprising that Colorado ski towns like Breckenridge and Steamboat are finally slowing down. After years of double-digit price gains, are the mountains finally turning a corner? Is the big slowdown due to the nightly rental regulations restricting the...
Aspen is following Breckenridge’s lead with substantial changes to Aspen nightly rental regulations. Aspen is proposing a cap on the number of units along with a cap on the number of rental days allowed. How will this impact real estate prices in...
Currently in mountain towns throughout Colorado lodging taxes must be used for tourism marketing. This week Governor Polis just signed a monumental bill into law that allows towns to use only a small portion for lodging and the rest for other items. What does this...
Colorado has always been a bit unique on who can access rivers and where. There is a recent case ruling that drastically upends the status quo and could radically alter private property rights. If you own a property or have a lease on a property that has live...
If you’ve been reading the news, it seems to be everywhere, complaints against vail resorts are plastered all over the media. With Vail the largest owner of resorts in Colorado and the United States will this derail the real estate party in ski towns or is there...
Vail, the largest owner of ski resorts not only throughout the world but also in Colorado, has dropped 22% while other hospitality stocks have been rising at double digit rates. Why is Vail stock dropping so much? What impact will this have on ski real...
I’m constantly asked: “what is the best place to buy ski real estate in Colorado”. What are the key drivers of “value” for ski real estate? I think most people would agree that we are somewhere near a peak in real estate for this cycle, so it is important to answer...
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...
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...
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...
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...
