Pending Colorado home sales drop 50%, good news?

Pending Colorado home sales drop 50%, good news?

I hope everyone is doing well.  I wanted to share a bit of irony.  The “call before your dig” line in Colorado was recently out of operation as someone ironically didn’t call before they dug and hit all the lines going into the operation center. On...
Alterra sued (Ikon pass) for shortened ski season, impact on real estate

Alterra sued (Ikon pass) for shortened ski season, impact on real estate

As we all know, the ski season was abruptly cut short on one of the busiest days of the year due to the Colorado Governors orders to prevent the spread of the Coronavirus.  It was bound to happen, a California skier filed suit against Alterra alleging breach of...
Crested Butte ski resort (Gunnison) kicks out 2nd homeowners.

Crested Butte ski resort (Gunnison) kicks out 2nd homeowners.

Gunnison county, home to Crested Butte ski resort, issued an order banning non resident visitors and homeowners from remaining in the county during the pandemic.  This is the first city in Colorado and possibly the country to ban property owners.  Furthermore, Clear...
Colorado house prices and building costs increase, Thank Breckenridge

Colorado house prices and building costs increase, Thank Breckenridge

Summit County (Breckenridge, Silverthorne, Frisco) is set to adopt a sustainable building code that would require new residential construction in the county to be among the most energy efficient in the nation (Zero Energy Ready). This new building code will increase...
Real Estate Inventory down almost 30% in Denver

Real Estate Inventory down almost 30% in Denver

  According to the Colorado Association of Realtors, Denver real estate inventory fell 29% in December, number of sales increased 17% and sold price increased 5%. Breckenridge and Steamboat also saw listings decline by almost 30% with prices increasing modestly....
Colorado Real Estate Market in 2020

Colorado Real Estate Market in 2020

Happy New Year! It is time for my annual Colorado real estate market predictions. Is it dawn or dusk for real estate in Colorado?  The main economic drivers in 2020 will be the pace mortgage rate increases, the election, and end of cycle volatility.  Each of these...