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...
Republican Bob Gardner from Colorado Springs has proposed a property tax increase in bill 20-109 that will tax nightly rentals as commercial property. This bill is gaining support from local residents and city councils and will have substantial impacts on mountain...
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...
A housing slowdown is taking hold in some Florida markets, where a growing share of properties sold only after the seller cut the asking price. Miami, Jacksonville, Orlando, and Tampa take 4 of the top 10 spots for recent price reductions. How are Colorado and...
Vail announced the acquisition of 17 east coast resorts for 264 million located near major metropolitan areas, including New York, Boston, Washington, D.C., Baltimore, Philadelphia, Cleveland, Columbus, St. Louis, Kansas City and Louisville. What is Vail’s strategy...
One ski town has been on my top list of investments for multiple years. I highlighted this resort as one of the “best buys” in Colorado real estate. The new owners have invested over 40 million and real estate values have soared. Unfortunately, this same resort is...
There Is a new bill, Residential health and safety act, that will drastically alter rental properties both single family and multifamily properties. Are you ready? The bill’s title sounds innocuous, but the true intent of the bill is lurking in the details and will...
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...
As ski season is about to start again in under a month (Arapahoe 10/13). I took the pic above of Loveland pass a few weeks ago. It is important to note what happened in Colorado last year; Llast winter ski visits in Aspen skiing co were down 7% through last December...
Although the snow has been the worst in 60 years for many resorts, there is still plenty of snow up top and real estate continues to move forward. A big change was announced this week; Telluride is joining Vails Epic Pass and Aspen/KSI is rolling out the Ikon pass to...
Vail Resorts announced “steep declines in spending and visitation at its network of North American ski resorts.” Colorado ski country reported visitation down 13%. This decline in visitation will hit the ski industries bottom line. The bigger story is what does...
With 2018 coming quickly it is time for my annual Colorado real estate predictions. 2018 is sure to be exciting. The new tax plan will change things up for 2018. In a nutshell, the new tax plan should cause short term rates to rise more rapidly than...
Most resorts in Colorado are seeing a huge surge in revenues while at the same time seeing visitation number remain almost flat. Although this seems counter intuitive, fortunately for the ski industry, they have the ability to raise prices to compensate for...
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...
Although fall officially started not long ago, it is snowtime in the mountains! The Northern Mountains including Steamboat got about a foot of snow last night. Although the snow is falling, prices are still hot throughout the Colorado High Country. As we all know,...
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...
According to ski country “visits don’t matter as much as pass revenue and guest spending”. Should you care? Will this impact real estate investing throughout the mountain towns? Will skiing follow the same path as golf? A recent Denver post article furthers this...
In markets like Colorado sales slow down in the winter even in the high country/ski resort areas sales might peak in December and then quickly cool until spring/summer. If you are buying real estate in Colorado, winter is actually the best time to buy. Not only are...
