Breckenridge/Summit county falls 18%, Vail up 47%, Why? 3 seasons for the sudden cooldown

Breckenridge/Summit county falls 18%, Vail up 47%, Why? 3 seasons for the sudden cooldown

According to the Summit County association of realtors sales in July are down 18.3% in July and 15% for the year to date while Vail was up 47% in July and down about 4% for the year.  The decline is being attributed to a “lack of inventory”.  Is there more going on...
Florida real estate tanks, what does this mean for Colorado?

Florida real estate tanks, what does this mean for Colorado?

A housing slowdown is taking hold in some Florida markets, where a growing share of properties sold only after the seller cut the asking price.  Miami, Jacksonville, Orlando, and Tampa take 4 of the top 10 spots for recent price reductions.  How are Colorado and...
Sales tax revenue doubles in Breckenridge, up 50% throughout Colorado, What’s next in mountain real estate?

Sales tax revenue doubles in Breckenridge, up 50% throughout Colorado, What’s next in mountain real estate?

  Breckenridge, Steamboat, Vail, Winter Park, and Telluride  have all achieved record sales tax revenue this season.  You aren’t imagining it, the mountains are getting busy!  What is driving these all-time records? How does this impact real estate? Will...
Sales down 14% Inventory surges 28% in Denver in June Mortgage rates drop.

Sales down 14% Inventory surges 28% in Denver in June Mortgage rates drop.

The Denver metro real estate market has performed a sudden U-turn with inventory up 28%, sold homes down 14%, and days on the market up 23%.    This is the highest amount of inventory since October 2013.  At the same time prices have held steady while mortgage rates...