2022 Colorado real estate predictions, will the party continue one more year?

2022 Colorado real estate predictions, will the party continue one more year?

Wow, 2021 has been quite the year in real estate.  Statewide, the median home price is now $532,000, up 18.5% from last year. In Summit County (home to Breckenridge, Keystone, etc..) the median home is now 1.6m up almost 30% from last year.  Where does Colorado real...
Aspen suspends new construction permits and new nightly rentals

Aspen suspends new construction permits and new nightly rentals

In an emergency ordinance, Aspen city council unanimously implemented radical changes to any new construction, remodeling, and expansion of  a property.  Furthermore, the ordinance halted all new nightly rental permits.  Why did the city implement this emergency...
No surge in Evictions in Colorado despite the end of moratorium; how were predictions of by 750%?

No surge in Evictions in Colorado despite the end of moratorium; how were predictions of by 750%?

If you looked at almost any mainstream media, each predicted a surge in eviction filings and pleaded with Governor Polis to halt any evictions.  There were “studies” saying that 450k evictions would take place.  Fortunately the “studies” missed the mark by a factor of...
Investors purchase record number of homes (1.7b) in Denver, what does this mean for values

Investors purchase record number of homes (1.7b) in Denver, what does this mean for values

According to a recent Redfin study, investors purchased almost 17% of all houses in metro Denver, up from 9% a year ago.  “Investors are expecting rents to increase in the coming years,” said Redfin Chief Economist Daryl Fairweather.  What does this mean for real...
2021 Colorado Election; big impacts on taxes ($260m) and property owners

2021 Colorado Election; big impacts on taxes ($260m) and property owners

First, happy belated Halloween.  For all the parents out there that think they have the best costume, try topping this one that I saw while trick or treating.  A real horse in costume cruising the streets 🙂  This will be tough to beat!   On to the blog.  What does the...
Live like a local, pay hotel property taxes; big changes in Colorado real estate

Live like a local, pay hotel property taxes; big changes in Colorado real estate

Property taxes on short-term rental properties in Colorado would more than triple under a bill drafted by state lawmakers that comes as communities from Durango to Denver grapple with surging numbers of vacation rentals.  What is in the new proposal?  How...