Steamboat’s occupancy plummets, revenues soar, what is going on?

Steamboat’s occupancy plummets, revenues soar, what is going on?

Steamboat’s occupancy rate “supposedly” plummets 13% from last year, yet accommodation taxes are up an astonishing 48%.    Why is it important to focus on occupancy and sales taxes? How accurate are either of these numbers?  What does this mean for...
Breckenridge records lowest occupancy rates since 2015; will real estate follow?

Breckenridge records lowest occupancy rates since 2015; will real estate follow?

  The headline in the Summit Daily sound ominous: Summit County servers stung by lack of visitors with lowest occupancy rates since 2015.  From the headlines it sounds like Breckenridge is in a free fall.  Is it really? What is going on in Breckenridge...
Will higher interest rates impact Colorado ski real estate? One market down 71%

Will higher interest rates impact Colorado ski real estate? One market down 71%

Depending on the Colorado ski town, cash transactions make up between 30-75% of all closed transactions.  With this many cash transactions, what do rising interest rates mean for sales in the various ski towns.  Will there be a slow down  in ski real...
New Short Term rental tax 20.4%, what does this mean for real estate?

New Short Term rental tax 20.4%, what does this mean for real estate?

While other mountain towns implemented taxes and regulations on short term rentals, Steamboat was a bit late to the party.  Locals were not happy and elected a new council.  The new ballot question will raise the short term rental tax to 20.4%.  Will this pass in...
60 percent more realtors, what does this mean for Colorado real estate prices?

60 percent more realtors, what does this mean for Colorado real estate prices?

The top job-related search between January 2021 and January 2022 was “how to become a real estate agent.” More than 60% more people became realtors during the pandemic.   What is this statistic telling us about future real estate prices in Colorado? What was in the...
Will higher interest rates impact Colorado ski real estate? One market down 71%

Colorado ski real estate doubles, will there be a drop on the other side? 5 factors that will shape the future

The amount spent on real estate in six of Colorado’s resort-anchored counties doubled from 2019 to 2021. Average prices in Eagle, Grand, Pitkin, Routt, Summit, and San Miguel in 2021 were up 57% from 2019.   Where does Colorado ski real estate go from...