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.Ā  The units themselves are fine, but there is one huge problem.Ā  What happened in Steamboat?Ā  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.Ā  In Denver, the average home Ā 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...
Statewide transfer tax gearing up for 2024; Iā€™ll bet 178 million this will not work

Statewide transfer tax gearing up for 2024; Iā€™ll bet 178 million this will not work

  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...
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 realtorā€™s newsletter touting:  ā€œPeople 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. ā€œ  Is this...
Vail sues Vail, what does this mean for the resort and city

Vail sues Vail, what does this mean for the resort and city

It is a bit ironic (and confusing) as the company Vail resorts sues the city that its name originated from.  The suit highlights a not so happy marriage or relationship or breakup of the two Vails.  In a nutshell Vail resorts and Vail are having a legal...
CO Short term rental elections 20% tax rates approved, what are the results and what does this mean to you and Colorado ski real estate?

CO Short term rental elections 20% tax rates approved, what are the results and what does this mean to you and Colorado ski real estate?

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...