Breckenridge news: tax revenue, ski-season length, rankings and how Breckenridge compares with other resort towns.
Regardless of all the talk of a recession, soft landing, or something in between. Many Colorado mountain towns continue to see record tax sales revenue. How is this happening while domestic tourism is pulling back? What does this mean for the upcoming ski season? ...
“Ghost Kitchens” are on the rise? What are they anyway (no they are not haunted kitchens)? What is causing this new phenomenon? How will this impact real estate? My first experience with a “ghost kitchen” was in Breckenridge Colorado about three years ago where I...
In US news and World Report’s annual listing of the 25 best small towns in America, Colorado’s ski towns take the crown landing 3 in the top 15. Although it is no surprise that Colorado has become a coveted destination, I was surprised at what all 6 ski towns on the...
The 2018/19 season was Epic (or Ikonic depending on your pass preference) with every major resort posting record sales tax revenue, occupancy, and lodging rates. At the same time real estate continued to skyrocket in most mountain communities. With all this good...
Vail resorts, the owner of Breckenridge, Vail, Keystone, and Crested Butte, announced that Breckenridge would stay open until Memorial Day (one month longer than their original closing date). They will close one month later in future years. At the same time, they...
We all know cash is king, but in real estate this is even more important. What can the amount of cash tell us about a particular Colorado ski resort market (I took the pic above between Vail and Steamboat)? How can we use this information to guide our...
As the first Colorado resort is set to open today (Arapahoe Basin). Allot is happening in the industry that will impact real estate, visitation, etc… The last 12 months have been quite the roller coaster with consolidation galore and financial duress starting to...
As we all know the ski industry is highly cyclical in nature with the largest driver of profitably for the ski industry is you guessed it, the secret ingredient, snow! Long range predictions came out for Colorado and the “snow thief” will be lurking in certain...
Although the mountain real estate market is hot, unfortunately the heat I’m referring to is definitely not welcome news to property owners. I saw the news last night “the entire town of Breckenridge was placed on a pre-evacuation notice”(Summit Daily). Would you...
