In my blog last week Vail loses major lawsuit what does this mean for real estate, I asked the question based on the new lawsuits and huge costs to ski resort operators where should you buy Colorado ski real estate? I was a bit surprised by the results with respondents almost evenly split on where to buy real estate and what to avoid.
What was in the survey data on investing in ski real estate?
42% felt that you should focus your ski real estate buying in a Vail/Alterra owned resort like Vail, Breckenridge, Beaver Creek, Steamboat, etc… On the flip side 38% felt that ski real estate prices have run their course and to sit tight for now on a real estate purchase in a Colorado ski town. I was actually pretty surprised that there was this much caution in ski real estate with many thinking prices will decline further. On the flip side about 20% recommended avoiding any ski real estate associated with Vail or Alterra.
Top Comments on where you should or should not buy ski real estate
Second homes and luxury real estate investments are set to decline with an “artificial” influx of second home buyers entering the game post COVID; originating from purchases when interest rates were at record lows and a general stir crazy-ness due to Covid lock downs. Short term rental costs and policies are restricting economic incentives as well
Publicly traded company with access to capital that will continue to grow and support the towns
I agree that ski area real estate will be the best investment, however a city/town not totally dependent upon the resort will be a more solid investment and will have less ebb and flow with the ski industry.
Summary
The results from the last survey were surprising with 38% thinking that ski real estate prices have a bit further to fall. Long and short remember real estate is hyper local so Steamboat is radically different than Breckenridge so make sure that you have the local expertise if you are going to jump into this market. There are opportunities now, but beware there are also pitfalls if you don’t know each ski market intimately. Thank you everyone who participated in the survey, your insights are amazing
Additional Reading/Resources
- https://coloradohardmoney.com/vail-loses-major-lawsuit-should-you-only-buy-real-estate-in-a-vail-resort/
- https://coloradohardmoney.com/colorado-property-taxes-jump-40-percent/
- https://coloradohardmoney.com/category/survey-results/
We are a Colorado Private/ Hard Money Lender funding in cash!
If you were forwarded this message, please subscribe to our newsletter
I need your help as my goal in writing these articles is to provide the best information/insight on Colorado Real Estate that you cannot get anywhere else! Please like and share my articles on linked in, twitter, facebook, and other social media and forward to your friends/associates I would greatly appreciate it.
Glen Weinberg personally writes these weekly real estate blogs based on his real estate experience as a lender and property owner. He is the owner of Fairview Commercial Lending. Glen has been published as an expert in hard money lending, real estate valuation, financing, and various other real estate topics in Bloomberg, Businessweek ,the Colorado Real Estate Journal, National Association of Realtors Magazine, The Real Deal real estate news, the CO Biz Magazine, The Denver Post, The Scotsman mortgage broker guide, Mortgage Professional America and various other national publications.
Glen resides in Colorado, lends in Colorado, owns property in Colorado, and services loans in Colorado which provides a unique real estate prospective of what is actually happening on the ground both in Denver and throughout Colorado. My goal of this real estate blog is to provide an honest assessment of what I see happening in Colorado real estate and how it will impact real estate owners, buyers, realtors, mortgage professionals, etc…
Fairview is the recognized leader in Colorado Hard Money and Colorado private lending focusing on residential investment properties and commercial properties both in Denver and throughout the state. We are the Colorado experts having closed thousands of loans throughout the Front range, Western slope, resort communities, and everywhere in between. We also live, work, and play in the mountains throughout Colorado and understand the intricacies of each market.
When you call you will speak directly to the decision makers and get an honest answer quickly. We are recognized in the industry as the leader in Colorado hard money lending with no upfront fees or any other games. Learn more about Hard Money Lending through our free Hard Money Guide. To get started on a loan all we need is our simple one page application (no upfront fees or other games)
Tags: Denver hard money, Denver Colorado hard money lender, Colorado hard money, Colorado private lender, Denver private lender, Colorado ski lender, Colorado real estate trends, Colorado real estate prices, Private real estate loans, Hard money loans, Private real estate mortgage, Hard money mortgage lender, Hard money mortgage lender, residential hard money loans, commercial hard money loans, private mortgage lender, Hard Money Lender, Private lender, private real estate lender, residential hard money lender, commercial hard money lender, No doc real estate lender