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

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...

Property Values lagging behind Economic Slump

Colorado is different than many states on how Colorado property values are assessed. The assessments are done on a two year cycle, so the value we receive in May 11 will be based on sales from 1/1/09 to 6/30/10, the current taxes we are paying are last years taxes...