I’m constantly asked: “what is the best place to buy ski real estate in Colorado”. What are the key drivers of “value” for ski real estate? I think most people would agree that we are somewhere near a peak in real estate for this cycle, so it is important to answer...
I’m constantly amazed at Colorado ski real estate. Many markets are up almost 40% in the last two years alone with sales continuing to exceed. On the other hand, Denver and the front range real estate markets are starting to feel a pronounced slow down. What...
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...
As I was writing the article, I looked out the window to see this bear cub taking a stroll through the yard (don't worry I was far away on a two story deck with a zoom lens). Is this a sign? Is a bear market in the offing? I was amazed at the recent data tracking...
Wow, it has been quite the run in Colorado Mountain real estate. Prices have been off the charts with many mountain communities roughly doubling over the last 2 years. For example in Summit county, home to Breckenridge, the median home price increased from 750k to...
Travel Crested Butte put up a social media post last weekend that messaged Crested Butte was not all sunshine and rainbows. “As beautiful and breathtaking as Crested Butte is, the community you love to visit is hurting,” This is not your typical warm and fuzzy...
Colorado real estate is on a tear, with appreciation off the charts. In Denver appreciation is up 25% year over year. Unfortunately, all this appreciation could cause some large tax hits based on the new legislation. How will the new legislation...
Do residential rental properties with one to four units and second-home mortgages carry more risk? Apparently so says the U.S. Treasury Department. Such loans underwritten by Fannie Mae and Freddie Mac will end up costing you more under restrictions quietly announced...
Crazy times we are in, real estate in Summit county (home to Breckenridge) increased 51% in the past year. Denver has increased 28%. Will the crazy times continue to roll on in Colorado real estate? Don’t bank on it, Semiconductors are firing a warning shot of...
I’m amazed that there hasn’t been any major press on the impending time bomb heading for Colorado’s real estate especially in Denver and the resort communities. Nearly 500,000 federally assisted apartments or rental homes can revert to market rents over next five...
With interest rates hitting historic lows, why will property owners in Colorado ski towns from Steamboat to Telluride get much higher interest rates than Denver? (Do you know where I took this pic?) Why will locals in the resort communities get hit hardest? What...
I wrote a few weeks back about how Denver Colorado is the second fastest “gentrifying” area in the country just behind San Francisco. Nobody has really talked about it but “gentrification” is happening (already happened in most ski towns) at an even faster...
The ski industry has been on a wild ride since the resorts were shut down last March. Mountain real estate has been on a tear and summer visitation has been off the charts. What does this mean for the upcoming ski season? How are the resorts adapting due to the...
The data is staggering in three months from June through August, the median home price in Aspen for a single family home doubled, with the average sales price north of 7 million. Has Aspen hit a peak? How do the other Colorado ski towns compare? Are we at risk of a...
I hope everyone had a great summer, this is Luna accompanying me on an inspection in Colorado style 😊 I have recently written about ski real estate setting records for both prices and volumes, but not all ski real estate is following the same pattern. What...
I usually do not send e-mails out on the weekend, but wanted to make sure everyone has been following the major news in the ski industry. Vail resorts recently announced that you will need a reservation in order to ski/ride. Passholders can select up to 7...
Happy summer to everyone, it sure doesn't feel that way in the mountains with a dusting of fresh snow on the peaks this week. Do you know what pass this is? There are some big changes coming down the pipe not just for the weather but in Colorado ski real estate. From...
2020 is shaping up to be an interesting year in the ski industry. The ski industry was abruptly cut short in April with Vail resorts losing 200m and Alterra getting sued for closing early. What does this mean for ski real estate? Where should you invest now based on...
As we all know, the ski season was abruptly cut short on one of the busiest days of the year due to the Colorado Governors orders to prevent the spread of the Coronavirus. It was bound to happen, a California skier filed suit against Alterra alleging breach of...
In Colorado, residents love open space and the quality of life it brings. On the flip side there is a brewing affordability crisis throughout the Denver metro and in every resort community in Colorado. This leads us to the question; can Breckenridge use eminent...
Vail resorts recently announced that skier visits through January 5th are down 7.8% across all its resort properties while lift ticket revenue was flat. With prices not increasing, how are visits down yet revenue still flat? What does this have to do with one ski...
