Aspen down 27%, listings in Hamptons up 82%, what does this mean for real estate?

Aspen down 27%, listings in Hamptons up 82%, what does this mean for real estate?

  The Hamptons have increased inventory by 82%  to the highest level in 12 years.  At the same time sales fell 35% last quarter to their lowest since 2009 (Bloomberg).  In Aspen, another ultra-high-end market, sales are down 27% on single family homes from 1.2B...
Vail resort plunges 39%, what about ski real estate?

International visitation plunges: what do Colorado Ski towns and Turkey have in common?

The global economy is still healthy, yet last year out of the top destinations for international travel only two declined.  The United States and Turkey!  The other top ten destinations all increased; many increased by double digits while the U.S. declined by 6%.  The...
Two resorts open this week: 5 real estate questions only winter can answer

Two resorts open this week: 5 real estate questions only winter can answer

It’s snow time!  As I’m looking out the window watching snow fall and just read the announcement that Wolf Creek, Arapaho Basin, and Loveland will start spinning their lifts this week, it reminds me of the importance of winter weather on real estate.  In markets like...
50% of Airbnb’s unlicensed in Denver –> Does Lake Tahoe have the answer

50% of Airbnb’s unlicensed in Denver –> Does Lake Tahoe have the answer

According to AirDNA 50% of all nightly rentals in Denver are currently unlicensed and not paying the appropriate taxes.  Denver implemented various rules to try to crack down on nightly rentals requiring all nightly rentals to be a primary residence.  It doesn’t...