Buying and selling in Colorado ski towns: a cautionary tale from steamboat values plunge, 4 ways to quickly lose money in ski real estate

Buying and selling in Colorado ski towns: a cautionary tale from steamboat values plunge, 4 ways to quickly lose money in ski real estate

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...
2023 Colorado real estate predictions, will the party continue one more year?

2023 Colorado real estate predictions, will the party continue one more year?

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...
Forbes take on the Denver market gumdrops and roses; is this reality?

Forbes take on the Denver market gumdrops and roses; is this reality?

I recently receive a Denver Metro Association of realtor’s newsletter touting:  “People have been flocking to the Mile High City from more expensive cities in search of a cheaper cost of living and to work remotely in the Rocky Mountains. “  Is this...
What does this election mean for CO real estate: are taxes really going down?

What does this election mean for CO real estate: are taxes really going down?

It has been a crazy election cycle in Colorado with multiple initiatives impacting everything from alcohol, nightly rentals, income taxes, school lunches, magic mushrooms, etc…  Some taxes were reduced, others were increased.   What were the big Colorado initiatives...
6 CO ski towns have short term rentals on ballot; what does this mean for real estate

6 CO ski towns have short term rentals on ballot; what does this mean for real estate

Voters in Steamboat Springs, Aspen, Dillon, Glenwood Springs, Carbondale, and Summit County will all decide whether to impose additional taxes, with at least part of those funds in each municipality going to support affordable housing. What are the new short term...
Denver values up 13%, Summit up 23% for the year, the chart should scare you!

Denver values up 13%, Summit up 23% for the year, the chart should scare you!

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...