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...
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...
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...
Colorado has not learned from the debacles in Florida and California and instead created their own public property insurance plan in the recent legislative session. Furthermore, the government now dictates the amount of insurance that must be provided by carriers. ...
Hopefully many of you on this list took the time to appeal your Colorado property taxes. I absolutely did! For my appeal, I filed the formal appeal and also spoke with the assessor to discuss. I got my letter this week and the assessor refused to adjust the value...
Wow, the first half of 2023 has been relatively good in real estate throughout most markets. Volumes are down substantially, but there has been little movement in prices. Even with higher interest rates, most areas have stayed relatively flat, but the winds are...
Our legislative branch and Governor have touted a new proposal to drastically reduce property taxes after they have skyrocketed due to increasing values and the elimination of the Gallagher amendment. Unfortunately the new bill will not help the overwhelming majority...
With a supermajority, the legislature has been busy crafting bills that will radically alter the real estate landscape. The recent proposal allows the state to dictate zoning in every county throughout Colorado and eliminate single family zoning. Colorado mayors are...
There is yet another proposal in the statehouse on affordable housing. This new bill would allow governments the first right of refusal on basically any multifamily property. On the surface, the new proposal sounds innocuous, but the devil is always in the...
Get ready for sticker shock as this year is a reassessment year. As values soften throughout the state, will your property taxes finally go down? Unfortunately the short answer is just the opposite, look for your taxes to jump an astronomical amount. How can...
Wow, 2022 has been quite the year in real estate. In Denver, the average home price peaked at $913,000, a whopping 52% increase from 2019. In Summit County (home to Breckenridge, Keystone, etc..) the average home is 1.2m up 116% since the pandemic. Even with higher...
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...
